COE bidding - 2nd round of Feb 2017 delayed with change

[Club21z]

Maybe LTA will give surprise announcement these few days ?

[Titanium]

Maybe LTA will give surprise announcement these few days ?

Ya lo, I have a bad feeling too...

Same Same?

 

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Mr Vincent Ng, a consultant with parallel importer Ideal Motoring, said the announcements "should be related to the (COE) quota".

 

"They might moderate supply to keep premiums at the $50,000 level," he told The Straits Times.

 

http://www.straitstimes.com/singapore/transport/postponing-of-coe-tender-drives-talk-of-car-policy-changes

江山万里行，我的Sgt真行!

[Pohtk]

Same Same?

 

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Mr Vincent Ng, a consultant with parallel importer Ideal Motoring, said the announcements "should be related to the (COE) quota".

 

"They might moderate supply to keep premiums at the $50,000 level," he told The Straits Times.

 

http://www.straitstimes.com/singapore/transport/postponing-of-coe-tender-drives-talk-of-car-policy-changes

 

Nutty Bro, wana praise you but im out of qouta for the day!

 

Sorry Vincent Ng, i can't agreed with you at all.

​Even "should be related to the (COE) quota" sounds true/correct in a way (as of now Cat D no longer affects Cat E),

but "They might moderate supply to keep premiums at the $50,000 level" sounds ridiculous.

​You are explicitly saying our Government is actively making us pay more through COE.

​So you are saying our Government is making the livingly cost of everyone (be it those who buy cars or not, all are affected in one way or the other) persistently higher...

 

​Not scare PAP sue you?  

​

 

Nice nice!

 

I see his every reply like that will jitao keep whacking him hard hard.

 

PI sale pitch!... no wonder right!?  

[Kia7200]

Uber/Grab have already placed orders for the thousands of cars

 

1) Mazda 3

2) Kia K3

3) Honda Vezel

4) Mitsubishi Attrage & Lancer

5) Toyota Aqua, Axio & Prius

 

They have a timeline to register these cars, some of which are already in Singapore. They need to COE to be secured ®ister the cars.

u think uber n grab dare to bid even more coe after the new regulation ?

 

Wonder y there r ppl who like to spread fear? U work in used car industry or MOT huh?

[Sktan10]

After all these smoke bombs, COE predictions anyone?

 

Due to unexpected sales volume, expect new round to be on the up side.

 

Cat A: 52,100

Cat B: 52,500

Cat C: 51,000

Cat D: 6,800

Cat E: 53,200

 

 

 

Same thought.

If many of them sign guarantee,this round will up cos AD will bid strongly for them.

It will take a few more rounds to go back to 48k again then many will chiong in again cos coe down from 52k to 48k.

By the time just nice for new 3 mths quota review again.

[Pohtk]

u think uber n grab dare to bid even more coe after the new regulation ?

 

Wonder y there r ppl who like to spread fear? U work in used car industry or MOT huh?

 

 

Mr Vincent Ng, a consultant with parallel importer Ideal Motoring, said the announcements "should be related to the (COE) quota".

 

"They might moderate supply to keep premiums at the $50,000 level," he told The Straits Times.

 

http://www.straitsti...-policy-changes

[therock]

Same thought.

If many of them sign guarantee,this round will up cos AD will bid strongly for them.

It will take a few more rounds to go back to 48k again then many will chiong in again cos coe down from 52k to 48k.

By the time just nice for new 3 mths quota review again.

I keep saying, unless there's a major downturn with job losses, COE won't move too far from the median of 48-50k in either category.

[Vinceng]

Same Same?

 

--------

 

Mr Vincent Ng, a consultant with parallel importer Ideal Motoring, said the announcements "should be related to the (COE) quota".

 

"They might moderate supply to keep premiums at the $50,000 level," he told The Straits Times.

 

http://www.straitstimes.com/singapore/transport/postponing-of-coe-tender-drives-talk-of-car-policy-changes

 

Many within the industry were caught unaware and there's been much talk about changes to the car COE quota, to be announced during the budget.

 

The budget announcement came  as a surprise to many, with no changes to the COE quota.

 

A relief and blessing for those who are intending to purchase a car.

 

Once the current backlog clears, prices for COE are expected to drop to at least $40K to $45K in view of the sombre economic outlook.

 

Advisable to hold back your purchase for now and let the dust (backlog orders) clear.

Edited February 20, 2017 by Vinceng

[Titanium]

Many within the industry were caught unaware and there's been much talk about changes to the car COE quota, to be announced during the budget.

 

The budget announcement came as a surprise to many, with no changes to the COE quota.

 

A relief and blessing for those who are intending to purchase a car.

 

Once the current backlog clears, prices for COE are expected to drop to at least $40K to $45K in view of the sombre economic outlook.

Where is Ideal motoring huh? U work there how long liao? Consultant lobo ma? Can u start a AMA? LOL Edited February 20, 2017 by Titanium

[Vinceng]

Where is Ideal motoring huh? U work there how long liao? Consultant lobo ma? Can u start a AMA? LOL

 

Ideal Motoring is located at 5 Kaki Bukit Road 1, Eunos Technolink, #01-03. 

[Vinceng]

Nice nice!

 

I see his every reply like that will jitao keep whacking him hard hard.

 

I am sorry. It was never my intent to create fear or whatsoever.

 

News about possible changes to COE quota to be announced during the Budget was a hot topic within the industry, even before last week's announcement to postpone COE bidding to Wed-Fri.

 

ADs and PIs were already anxiously securing COEs to beat this announcement. An example is the AD for Kia Cerato Forte K3 L which secured COE at the 1st bid even though the cars will arrive earliest only in April.

 

But we were all proven wrong. It is a blessing & relief for car buyers nonetheless.

Edited February 20, 2017 by Vinceng

[Darius]

无风不起浪。

Maybe he is right about quota, or referring to quota on motorcycle, or there is another announcement. Just give benefit of doubts. Budget talks about $$$$. Quota is policy.

[Benarsenal]

Well then...

 

Honestly the changes were much milder than I expected. But let's examine some of them in detail.

 

1) VES. Good move but I'd like to see how they implement this. Probably a good idea that they gave themselves until end of this year to work things out, but knowing LTA they will probably come up with some f**ked up formula. We shall wait and see.

 

2) Diesel tax. I kinda half expected this but mildly surprised at the implementation, because the biggest losers from this are commercial vehicles whereas car owners don't lose that much. Taxis will lose big too but like I said before, I already suspected they knew this was coming and hence quickly moved to replace their fleet with hybrids.

 

For car buyers all this does is level out the field between petrol and diesel, and preference will be dependent on other policies (like the VES). Nett effect won't be that great I feel. Maybe only slight dip in popularity for diesel cars but that's about all.

 

3) The motorcycle tiered ARF did catch many off guard though. Although it affects actually very few people in all, but definitely those big bike brands like Harley, BMW and Ducati etc will be very affected.

Edited February 20, 2017 by Benarsenal

[Penknife]

Increase diesel tax but nothing done for petrol tax.

 

Should reduce petrol tax since it's "cleaner" than diesel.

[Benarsenal]

Increase diesel tax but nothing done for petrol tax.

 

Should reduce petrol tax since it's "cleaner" than diesel.

 

They won't one lah.

 

Their ultimate goal is for you to not drive at all.

[Benarsenal]

Actually, when you think about it, the best time to buy a diesel car is between now till 1st Jan 2018.

 

3 reasons:

 

- Even despite the fuel tax diesel remains cheaper than petrol

- You get discount on road tax effective immediately

- You still get to enjoy the current CEVS rebates before the revised VES kicks in

[Agnoxis]

Uber/Grab have already placed orders for the thousands of cars

 

1) Mazda 3

2) Kia K3

3) Honda Vezel

4) Mitsubishi Attrage & Lancer

5) Toyota Aqua, Axio & Prius

 

They have a timeline to register these cars, some of which are already in Singapore. They need to  COE to be secured &register the cars. 

 

Heard from someone who rents from LCR that nowadays if you wanna return your rental vehicle, they will ask you to keep it in your carpark and pay the season parking. Just goes to show how many idle unrented cars they have. They went way too crazy with their car acquisition spree last year and are paying a price for it now. What makes you think they will still dare to buy so many cars when there's such a huge backlog?

 

Too many PHV drivers try out for a few months and realise the 6k/month salary is a pipe dream. Realistically, if you work a half-shift (12hrs) and learn some tips/tricks I think 4k/month is the upper end of what you can earn (after deduction of costs like petrol and car rental).

[Victor68]

Heard from someone who rents from LCR that nowadays if you wanna return your rental vehicle, they will ask you to keep it in your carpark and pay the season parking. Just goes to show how many idle unrented cars they have. They went way too crazy with their car acquisition spree last year and are paying a price for it now. What makes you think they will still dare to buy so many cars when there's such a huge backlog?

 

Too many PHV drivers try out for a few months and realise the 6k/month salary is a pipe dream. Realistically, if you work a half-shift (12hrs) and learn some tips/tricks I think 4k/month is the upper end of what you can earn (after deduction of costs like petrol and car rental).

 

I agree with what you have said. If PHV is so good, wonder why got people still so 'stupid' driving taxi? You get to enjoy a private car while earning your normal trade. How many full time taxi drivers earn $6k?

 

PHV is successful simply because they beat the loan restriction by MAS but obviously that person that hire the car is paying through the roof. This is a legal loophole for the 'Ah Long' which is the U/G operators. The best biz in town if there are takers that bite. Just pass the cost plus interest and profits to the drivers. At that interest, scrap the car in 5 years still earn big money.