Harlic9 1st Gear July 16, 2014 Share July 16, 2014 LTA announced quota for Aug-Oct 14. Cat A increased by 394 and Cat B increased by 115. Checked from LTA statistics, nos. of cars deregistered for Cat A in Apr-Jun 2014 was 3,909 But, COE bidding for during period Apr-Jun 2004 average was around 3800/month, total 11400 Understands there were taxi in Cat A, which nos. around 1500. So, simple maths, 11400-1500=9900 Does that means there are about 9000 ars in Cat A didn't deregistered? There are so many peoples willing to extend their COE? Understand COE not able to get loan, how these people afford without loan?All hard cash????? Or... is there anything I missed out in the "simple maths"??? some have deregistered before 10 years is up... ↡ Advertisement Link to post Share on other sites More sharing options...
Picanto 3rd Gear July 16, 2014 Share July 16, 2014 WRONG!! He say car prices will rocket high!! Buy now if you can... Any one believe him? Link to post Share on other sites More sharing options...
Kyrios Turbocharged July 16, 2014 Share July 16, 2014 Any one believe him? Everybody will have some self interests to defend lah..let him say whatever he wants actually I am quite fed up with driving these few years.. I can take pubic transport worst case... 1 Link to post Share on other sites More sharing options...
yo2020 6th Gear July 16, 2014 Share July 16, 2014 LTA announced quota for Aug-Oct 14. Cat A increased by 394 and Cat B increased by 115. Checked from LTA statistics, nos. of cars deregistered for Cat A in Apr-Jun 2014 was 3,909 But, COE bidding for during period Apr-Jun 2004 average was around 3800/month, total 11400 Understands there were taxi in Cat A, which nos. around 1500. So, simple maths, 11400-1500=9900 Does that means there are about 9000 ars in Cat A didn't deregistered? There are so many peoples willing to extend their COE? Understand COE not able to get loan, how these people afford without loan?All hard cash????? Or... is there anything I missed out in the "simple maths"??? that bcoz many of those owners of 2004 cars hv already dereg the cars within 3-4 yrs n now driving 2007-08 cars. don't u rem those days ppl keep changing cars? Link to post Share on other sites More sharing options...
Kweechang 1st Gear July 16, 2014 Share July 16, 2014 LTA announced quota for Aug-Oct 14. Cat A increased by 394 and Cat B increased by 115. Checked from LTA statistics, nos. of cars deregistered for Cat A in Apr-Jun 2014 was 3,909 But, COE bidding for during period Apr-Jun 2004 average was around 3800/month, total 11400 Understands there were taxi in Cat A, which nos. around 1500. So, simple maths, 11400-1500=9900 Does that means there are about 9000 ars in Cat A didn't deregistered? There are so many peoples willing to extend their COE? Understand COE not able to get loan, how these people afford without loan?All hard cash????? Or... is there anything I missed out in the "simple maths"??? You should look at number of car that is between 9-10 years, not the number of vehicle registered in 2004. Link to post Share on other sites More sharing options...
Achee 4th Gear July 16, 2014 Share July 16, 2014 LTA announced quota for Aug-Oct 14. Cat A increased by 394 and Cat B increased by 115. Checked from LTA statistics, nos. of cars deregistered for Cat A in Apr-Jun 2014 was 3,909 But, COE bidding for during period Apr-Jun 2004 average was around 3800/month, total 11400 Understands there were taxi in Cat A, which nos. around 1500. So, simple maths, 11400-1500=9900 Does that means there are about 9000 ars in Cat A didn't deregistered? There are so many peoples willing to extend their COE? Understand COE not able to get loan, how these people afford without loan?All hard cash????? Or... is there anything I missed out in the "simple maths"??? You forgot to factor in the clawback numbers Link to post Share on other sites More sharing options...
Matrix0405 5th Gear July 17, 2014 Share July 17, 2014 When is the next COE Bidding for July 2014? Probably not today, next Wednesday? CAT A COE Price will go up or go down? Anyone knows? After analyzing 5 pages of expert opinions, the conclusion is go down but by not much. Salesman's tip: With fewer COE next quarter, now is the best time to buy. 1 Link to post Share on other sites More sharing options...
yo2020 6th Gear July 17, 2014 Share July 17, 2014 After analyzing 5 pages of expert opinions, the conclusion is go down but by not much. Salesman's tip: With fewer COE next quarter, now is the best time to buy. more like "Salesman's trick". the informed buyers shld b aware that we are matching towards tons of COE to b available... 4 Link to post Share on other sites More sharing options...
Zaxx 2nd Gear July 17, 2014 Share July 17, 2014 You forgot to factor in the clawback numbers Why is there a clawback when there ll be a 0.5%. Increase in car population? 1 Link to post Share on other sites More sharing options...
Ryu 5th Gear July 17, 2014 Share July 17, 2014 After analyzing 5 pages of expert opinions, the conclusion is go down but by not much. Salesman's tip: With fewer COE next quarter, now is the best time to buy. Salesman will always say now is the best time to buy lor. Link to post Share on other sites More sharing options...
Bc75 1st Gear July 17, 2014 Share July 17, 2014 Why is there a clawback when there ll be a 0.5%. Increase in car population? The clawback is to negate past over projections of allowed vehicle growth. Think in the past growth is about 3% percent per year which is over projected. Now it is only 0.5% per year. Link to post Share on other sites More sharing options...
Wt_know Hypersonic July 17, 2014 Share July 17, 2014 lta has been busy clawbacking liao last time cat A, B and E each got at least 1000 coe per bidding now cat A and B each got 500 coe and cat E got 300 coe The clawback is to negate past over projections of allowed vehicle growth. Think in the past growth is about 3% percent per year which is over projected. Now it is only 0.5% per year. Link to post Share on other sites More sharing options...
Achee 4th Gear July 17, 2014 Share July 17, 2014 Why is there a clawback when there ll be a 0.5%. Increase in car population? Due to over projection of deregistration during 2008/ 2009 when the actual number of deregistered cars fell short of the projection, i.e. meaning issuing more COE than was permissible (not sure if this is the reason Lemon lost his job). This clawback exercise shall end in Jan 2015, coinciding with the onset of the COE tsunami. Link to post Share on other sites More sharing options...
yo2020 6th Gear July 17, 2014 Share July 17, 2014 Due to over projection of deregistration during 2008/ 2009 when the actual number of deregistered cars fell short of the projection, i.e. meaning issuing more COE than was permissible (not sure if this is the reason Lemon lost his job). This clawback exercise shall end in Jan 2015, coinciding with the onset of the COE tsunami. the clawbck is not a lot per bidding exercise (see below) but every coe quota does count!! Cat A: 54 Cat B: 24 Cat E: 34 Link to post Share on other sites More sharing options...
Bc75 1st Gear July 17, 2014 Share July 17, 2014 This clawback exercise shall end in Jan 2015, coinciding with the onset of the COE tsunami. Due to this, there should be a small tsunami from Feb 2015 onwards. Let's all keep our fingers crossed, see how much COE price will drop. Link to post Share on other sites More sharing options...
Matrix0405 5th Gear July 18, 2014 Share July 18, 2014 the clawbck is not a lot per bidding exercise (see below) but every coe quota does count!! Cat A: 54 Cat B: 24 Cat E: 34 The clawback is well over 10%. That shd be consider a lot; because the no of COE available is few. If they had spreaded the clawbacks over a longer period, well into the 2016, the prices of COE will moderate sooner. But our scholars are smart. Link to post Share on other sites More sharing options...
Yenyenpark 1st Gear July 18, 2014 Share July 18, 2014 more like "Salesman's trick". the informed buyers shld b aware that we are matching towards tons of COE to b available... that's why ST paper writer also mentioned this.. but chance is many cannot afford to wait.. such as those in business.. those family is expecting new member, those who get a job who need a vehicle etc etc.. Link to post Share on other sites More sharing options...
Lala81 Hypersonic July 18, 2014 Share July 18, 2014 Erm more supply also more demand what. Say 10%-20% of the drivers won't want to continue out of the 100k drivers. Most of the others will still continue right. Unfortunately i can't wait that long. ↡ Advertisement Link to post Share on other sites More sharing options...
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