2016 May, 1st COE Bidding Exercise

[Nav14]

From the chart, the best to buy would be this year, latest next year. By 2018 if you are still without a new car, panic would have set in and drive the price up already.

The best time to buy would be end 2017 / early 2018 while the supply of new COEs  still remains sizeable. Many with cars expiring in 2017 / 2018 and who intend to get new cars, will form bulk of the "panicky" buyers that will be plunging in  2016 until 2nd half  2017. I have many colleagues whose cars expiring in late 2017/2018 already getting excited in booking a new ride now.

[MQX87511]

The best time to buy would be end 2017 / early 2018 while the supply of new COEs  still remains sizeable. Many with cars expiring in 2017 / 2018 and who intend to get new cars, will form bulk of the "panicky" buyers that will be plunging in  2016 until 2nd half  2017. I have many colleagues whose cars expiring in late 2017/2018 already getting excited in booking a new ride now.

my car coe end at end of 2018, is it still low time?

if that time coe not below 20k, I intent to renew coe 5 years

[Sweeney]

The G will not interfere now cos any tinkering will send another wave of panic rippling through the system and negate all the tsunami of COE supply coursing through the next 1-2 years. It's all lose for them and nothing to gain. 

 

This new ride-sharing economy also showcases the G's policy of integrating the Internet of Things (IoT) policy which the G is pushing hard to develop. So again, no gain and all to lose for the larger economy. On a side note, I slightly suspect G may be 'frightened' by another fiasco of receiving another phone call from a silicon valley giant, *nudge, nudge, wink, wink*

 

Next, G will stand to gain if these new ride-sharing companies firm up COE prices as it adds to G's coffers against a (very) possible scenario of softening COE revenue as potential car-owners stay on the side line while waiting for prices to head further south. I am not suggesting a conspiracy, but that this is a fortuitous opportunity for G to quietly capitalise on. Once more, no loss but gain (a small wry smile will do)

 

What would potential car-owners standing by the sideline do when they see events as above unfolding as such, they make the 'calculated' decision to jump in and reinforce the stiffening prices. 

 

Just what the doctor ordered.... 

 

Wait for the dust to settle for those on sidelines. Know and accept that G will not do anything now, cos it is working in their favour. In fact, they earn both ways, they have COE revenue, PLUS investments in, IIRC, Grabcar. So for the latter, they also earn from rentals from Grabcar drivers. 

 

As for our esteemed MCF bros & sis with deep cash pockets, any time is a good time. OT-OT.... 

Edited May 6, 2016 by Sweeney

[Axela72]

my car coe end at end of 2018, is it still low time?

if that time coe not below 20k, I intent to renew coe 5 years

End 2018 may not be as low as expected if there are more bear.

 

Inorder for 2018 to be low, there must be more kjs now. Once the kjs bought earlier, then the bear has bigger portion, aka lower coe, to bite.

 

Isnt it contradict? The bear curse the kjs because it delay them from getting lower coe earlier. However, if there is no kjs, more bear will compete against each other when their time to buy their car is due. This indirectly will push up the demand again at their so call ideal time to purchase

[Showster]

Not that much difference for them as there is still trade in value for their cars currently.

 

If they wait till 2018, will depreciate that 20+K depreciation anyway.

 

 

The best time to buy would be end 2017 / early 2018 while the supply of new COEs  still remains sizeable. Many with cars expiring in 2017 / 2018 and who intend to get new cars, will form bulk of the "panicky" buyers that will be plunging in  2016 until 2nd half  2017. I have many colleagues whose cars expiring in late 2017/2018 already getting excited in booking a new ride now.

 

[hamster123]

Guarantee with or without top-up?

Guarantee without up.

 

RE-SEND

Guarantee without top up

[Char]

Just one year ago CAT A $68500 and CAT B $77500 ,

those been waiting one already save more than 20k easily ... that's why the bargain hunters away there ! Now the pirate hire also see good price compare to last year May ....

[EricChan]

The best time to buy would be end 2017 / early 2018 while the supply of new COEs still remains sizeable. Many with cars expiring in 2017 / 2018 and who intend to get new cars, will form bulk of the "panicky" buyers that will be plunging in 2016 until 2nd half 2017. I have many colleagues whose cars expiring in late 2017/2018 already getting excited in booking a new ride now.

In 2007 and 2008, we had the financial meltdown. So cars were also cheap because of the huge uncertainty and not just because of increased Coe supply (did govt deliberately had increased supply to promote consumption and protect economy ? ) .

A double bonus for car buyers then but situation is not the same 10 year hence in 2017 / 8

[monsieurlee]

I bought my accent at 90k nett with 61k coe. Now accent is selling for $85,699 with 42k coe rebate...

 

Makes no sense sia.

Oh. Then Coe went down much but did not translate to low car price! Big fat profit??

[Runforyourlife]

so how's the mood now boys n girls?

btw guys, u all need to realised that the UBER thingy, they wont be bidding like 300 one shot. they will bid bits n pieces as and when their stock arrives in our shores... cannot be full 300 all come in at once lol

Edited May 6, 2016 by Runforyourlife

[bronzy]

In 2007 and 2008, we had the financial meltdown. So cars were also cheap because of the huge uncertainty and not just because of increased Coe supply (did govt deliberately had increased supply to promote consumption and protect economy ? ) .

A double bonus for car buyers then but situation is not the same 10 year hence in 2017 / 8

Might be more buyers too. My brother and I (both under 30 years old) will most probably get our own cars if COE hits low 30k next year. +2 to demand My family already replaced our car which would have hit 10 years in a few months' time.

Edited May 6, 2016 by bronzy

[Pocy]

As you phrase it correctly. They change car. One to one exchange. No pressure on the demand.

Though one for one, however, this group likely with higher power will add pressure to the price.

[Char]

Many of the drivers really bite the bullet as they got no choice as current ride end died died must buy new car lo .

[Runforyourlife]

Many of the drivers really bite the bullet as they got no choice as current ride end died died must buy new car lo .

 

this will be their downfall when kanna retrenched.

[Carstar]

Trust me la can afford to buy now then faster buy, govt won't let the coe crash one, now coe counted cheap already. We will never see below 30k coe. 10 years ago only some better well off working adult can afford a car, but now u look around you, how many people owns a car? Even young people buying cars like no body biz

[edwin15]

Trust me la can afford to buy now then faster buy, govt won't let the coe crash one, now coe counted cheap already. We will never see below 30k coe. 10 years ago only some better well off working adult can afford a car, but now u look around you, how many people owns a car? Even young people buying cars like no body biz

 

 

You sound a lot like a car sales man.

[Carstar]

You sound a lot like a car sales man.

Lol you'll always think I se, u think se so free meh, come here talk about coe going up? Can gain how many sales from here? And if I'm working for Toyota, will he buys a Toyota? If yes will he buy from me out of so many SE.

[alikato]

Yes, car rental & car sharing companies & other companies should have their own category. They should be in the same category as taxis. Hope the Govt will do something, now that it's reported in the news.