TangoElite 6th Gear January 20, 2017 Share January 20, 2017 Today sat in a new prius grabcar, sibeh nice n comfy wah your post very deep got me thinking long and hard on what is the hidden relationship to COE quota ↡ Advertisement Link to post Share on other sites More sharing options...
therock Supersonic January 21, 2017 Share January 21, 2017 http://www.straitstimes.com/singapore/transport/private-car-numbers-fall-to-eight-year-low Somehow, the initial news of an increase quoto might bring some joy, but it seems that long term the trend is actually a reduction in numbers: Car population down 4% as the total number of vehicles shrinks for third straight year Christopher Tan Senior Transport Correspondent Singapore's vehicle population, led by cars, has shrunk for the third consecutive year. According to statistics released by the Land Transport Authority this week, there were 956,430 vehicles on the road as of Dec 31 last year. This is about 0.1 per cent lower than in 2015, and 1.8 per cent lower than the peak in 2013. The private car population fell by 4 per cent to 552,427 - the lowest in eight years. Observers attribute the fall to a clawback of certificates of entitlement (COEs) in the early 2010s to correct an earlier oversupply. The contraction is also attributed to a near-zero allowable yearly growth rate instituted for the COE system. This growth cap has been lowered systematically in recent years - from 3 per cent to 1.5 per cent in 2009, then to 1 per cent in 2012, 0.5 per cent in 2013 and 0.25 per cent since 2015. There is usually a lag between the time a car is scrapped and a new COE is recycled back into the system. Previous growth rates were able to mask this lag, but not the near-zero cap in place now. SIM University economist Walter Theseira said: "Given the policy goal to keep vehicle growth minimal or even static in the future, the expectation clearly is that reliance on public transport, as well as on private-hire vehicles and taxis, must increase to satisfy transport demand with a growing population." The trend is underscored by a spike in rental car numbers. Last year, their population grew 75 per cent to a record 51,336. The figure has grown by over three times since ride-hailing apps Uber and Grab entered the market in 2013. REALITY CHECK For some people, this may be an unfair outcome as they may need the car more than those who have the means to own one. However, with an improving standard of public transport, this pain point might be softened. NANYANG BUSINESS SCHOOL ADJUNCT ASSOCIATE PROFESSOR ZAFAR MOMIN, on the reality that not everyone's aspirations for owning a car can be fulfilled. Kah Motor general manager Nicholas Wong said private-hire cars "have displaced private passenger cars as well as taxis". Statistics show that the taxi population has fallen by 2.6 per cent to a five-year low of 27,534. Mr Wong said the private passenger car population could continue to shrink. But transport consultant Bruno Wildermuth said that should be the way to go. "For Singapore to become 'car-lite', the number of cars has to decrease, and cars must be used less. Currently, because of the high cost of owning a car, many drivers use the car even when it makes little or no sense." To counter this, he said, COE expiry should be pegged to mileage clocked by a car instead of years. Dr Theseira said the ramp-up of bus services and rail infrastructure "will meet reasonable growth in demand" for transport. "However, the public transport system clearly cannot satisfy demand for private transport as a status symbol," he noted. "The public transport system also does not completely satisfy the transport needs of groups such as young families and the elderly, and professions with irregular travel patterns. "Private transport will continue to be a key part of our transport system for many years to come." Motorcycles - another form of private transport - have dwindled in numbers too. Last year, the population fell to 143,052, its lowest in 10 years. This has put a squeeze on motorbike COE supply, which sent prices beyond the reach of many low-income earners who rely on two-wheelers. Experts said it is not possible for Singapore to meet everyone's private transport aspirations. Nanyang Business School adjunct associate professor Zafar Momin said: "For some people, this may be an unfair outcome as they may need the car more than those who have the means to own one. "However, with an improving standard of public transport, this pain point might be softened." Link to post Share on other sites More sharing options...
inlinesix Supersonic January 21, 2017 Share January 21, 2017 I had said b4, very likely to drop to 900k vehicles Link to post Share on other sites More sharing options...
Inspiring1804 1st Gear January 21, 2017 Share January 21, 2017 "Coe expiry pegged to mileage clocked by car". Wow... What if I drive in Malaysia more than on Singapore road? 1 Link to post Share on other sites More sharing options...
Ct3833 Supersonic January 21, 2017 Share January 21, 2017 I had said b4, very likely to drop to 900k vehiclesI also have said it before, car population was on the decline, but some strange people will come out to argue by saying cannot be, government already said zero growth, 0.x% growth etc etc. Fact is statistic is showing decline. Link to post Share on other sites More sharing options...
Axela72 5th Gear January 22, 2017 Share January 22, 2017 if I remember correctly, coe quota for 2006 and 2007 are quite similar. so in theory, we should not expect a big drop (>10k coe price drop etc) like in the past year to year comparison. After this phase, good luck when the coe famine period begin again Link to post Share on other sites More sharing options...
Ct3833 Supersonic January 22, 2017 Share January 22, 2017 (edited) if I remember correctly, coe quota for 2006 and 2007 are quite similar. so in theory, we should not expect a big drop (>10k coe price drop etc) like in the past year to year comparison. After this phase, good luck when the coe famine period begin againCat B unlikely to drop >10k. But Cat A may if without(or with less) the interference of the PH. But even so, there wont be drastic drop. Edited January 22, 2017 by Ct3833 Link to post Share on other sites More sharing options...
Mockngbrd Supersonic January 22, 2017 Share January 22, 2017 Wah everyone say no drop.... Sure drop liao 1 Link to post Share on other sites More sharing options...
Kia7200 5th Gear January 22, 2017 Share January 22, 2017 There are increase in Coe quota so chances for it to drop during the next 3months is possible but not by much 1 Link to post Share on other sites More sharing options...
Pocy Hypersonic January 22, 2017 Share January 22, 2017 "Coe expiry pegged to mileage clocked by car". Wow... What if I drive in Malaysia more than on Singapore road? Buy MY car LOL. Link to post Share on other sites More sharing options...
Notsogoodman 4th Gear January 22, 2017 Share January 22, 2017 "Coe expiry pegged to mileage clocked by car". Wow... What if I drive in Malaysia more than on Singapore road? And I thought ERP 2.0 gonna be charging by mileage 1 Link to post Share on other sites More sharing options...
Eyke Supercharged January 22, 2017 Share January 22, 2017 Buy MY car LOL.there's no reason to track mileage when overseas as it does not contribute to local congestion Link to post Share on other sites More sharing options...
Pocy Hypersonic January 22, 2017 Share January 22, 2017 I think it more sense to drive a MY car since he is driving much more in MY. 2 Link to post Share on other sites More sharing options...
Blueray Hypersonic February 28, 2017 Share February 28, 2017 COEs extended for record number of vehicles Certificates of entitlement (COE) for a record 44,303 vehicles were revalidated last year, with cars making up the bulk of the extensions. The latest data released by the Land Transport Authority (LTA) showed 29,531 car COEs, 8,850 commercial vehicle COEs and 5,922 motorcycle COEs were revalidated last year. This exceeded the previous record in 2007, when COEs for 33,339 vehicles - close to 90 per cent being commercial vehicles - were revalidated. ..... http://www.straitstimes.com/singapore/transport/coes-extended-for-record-number-of-vehicles 2 Link to post Share on other sites More sharing options...
Mustank Hypersonic February 28, 2017 Share February 28, 2017 COEs extended for record number of vehicles Certificates of entitlement (COE) for a record 44,303 vehicles were revalidated last year, with cars making up the bulk of the extensions. The latest data released by the Land Transport Authority (LTA) showed 29,531 car COEs, 8,850 commercial vehicle COEs and 5,922 motorcycle COEs were revalidated last year. This exceeded the previous record in 2007, when COEs for 33,339 vehicles - close to 90 per cent being commercial vehicles - were revalidated. ..... http://www.straitstimes.com/singapore/transport/coes-extended-for-record-number-of-vehicles Goods vehicle has no parf valueMakes perfect sense to renew coe When the govt made it such that lorries has no parf value, they had already expected owners to renew coe Link to post Share on other sites More sharing options...
TangoElite 6th Gear February 28, 2017 Share February 28, 2017 (edited) Interesting quote: The COEs of more than 13,000 commercial vehicles will be expiring by next month. Mr Lim of Tan Chong said: "Even if one-third are scrapped, it will result in 4,000 fresh COEs coming back into the system. That is four times the current supply. It will be interesting to see what happens." Edited February 28, 2017 by TangoElite Link to post Share on other sites More sharing options...
Akula Turbocharged February 28, 2017 Share February 28, 2017 (edited) Jan 2017 the deregistration figures for Cat A & B are a tad lesser than the average number for the period between Oct - Dec 2016. Edited February 28, 2017 by Akula Link to post Share on other sites More sharing options...
Arch1984 4th Gear February 28, 2017 Share February 28, 2017 Jan 2017 the deregistration figures for Cat A & B are a tad lesser than the average number for the period between Oct - Dec 2016.Quite high for jan actually. And taxi dereg is quite high also. ↡ Advertisement Link to post Share on other sites More sharing options...
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