Tkseah Supercharged November 6, 2017 Share November 6, 2017 As mentioned before, the previous growth rate was 0.25% which translates into 10 additional cars out of every 4,000, 0% growth would mean 10 cars less than before, there would be no impact to COE price. COE price will increase drastically in 2020 to 2021 when COE quota starts to reduce by 50% and even more, the $90k and $100k COE situation will repeat again. For now there is no need to predict COE price because the fluctuation wont be big. If intend to buy new car better buy before end 2018 or latest by 2019. LTA got say will cut COE by 50% in 2020/2021 meh? ↡ Advertisement Link to post Share on other sites More sharing options...
Dafansu Turbocharged November 6, 2017 Share November 6, 2017 LTA got say will cut COE by 50% in 2020/2021 meh?I think he meant the replacement aka expiring COEs will be much lesser at that time. Link to post Share on other sites More sharing options...
Sktan10 5th Gear November 6, 2017 Share November 6, 2017 too many people buying cars in the past 2 weeks. In my office, already 3 changing cars, i heard from my relatives, his boss change car, his friend change car... COE this round will definitely go up. Those who traded took guarantee COE will get their COE this round. Those who bought luxury car will most likely get their COE this round (because profit margin is higher and most dealers wants to secure the COE before Jan18). Those who bought new car without trading in old car, these group of buyers have to wait for another few more round of COE bidding. Good luck to all on Wed. Friends go see car last weekend. Toyota and Honda if book now only can collect around next year feb or march. Audi A3 after discounts around 129K. Link to post Share on other sites More sharing options...
Pocy Hypersonic November 6, 2017 Share November 6, 2017 Even with this zero growth policy, it should not affect the COE quota much. LTA already mentioned in the news but SE and buyers seems to ignore it. My SE keep ask me to order now before too late. http://www.channelnewsasia.com/news/singapore/lta-cuts-vehicle-growth-rate-to-zero-9335560 LTA added that the adjustment to the vehicle growth rate to zero is not expected to significantly affect the supply of Certificate of Entitlements (COEs), as the COE quota is determined largely by the number of vehicle de-registrations. Your SE from which AD? 1 Link to post Share on other sites More sharing options...
Friendstar Supercharged November 6, 2017 Share November 6, 2017 too many people buying cars in the past 2 weeks. In my office, already 3 changing cars, i heard from my relatives, his boss change car, his friend change car... COE this round will definitely go up. Those who traded took guarantee COE will get their COE this round. Those who bought luxury car will most likely get their COE this round (because profit margin is higher and most dealers wants to secure the COE before Jan18). Those who bought new car without trading in old car, these group of buyers have to wait for another few more round of COE bidding. Good luck to all on Wed. Agree. I attended my staff wedding. Spoke ard. A few changed car over last week or so. Asked them why.. Esp one guy who just bought a 9 year old Jap car The news is the reason Link to post Share on other sites More sharing options...
Lotr8445r 5th Gear November 6, 2017 Share November 6, 2017 (edited) As mentioned before, the previous growth rate was 0.25% which translates into 10 additional cars out of every 4,000, 0% growth would mean 10 cars less than before, there would be no impact to COE price. COE price will increase drastically in 2020 to 2021 when COE quota starts to reduce by 50% and even more, the $90k and $100k COE situation will repeat again. For now there is no need to predict COE price because the fluctuation wont be big. If intend to buy new car better buy before end 2018 or latest by 2019. If coe wont go to 10k like a decade ago, then why coe can go as high as >90k like last time? Probably max is 70k as during past years, the force has being trying to reduce the bandwidth between the upper & lower limit Edited November 6, 2017 by Lotr8445r Link to post Share on other sites More sharing options...
Victor68 Turbocharged November 6, 2017 Share November 6, 2017 Agree. I attended my staff wedding. Spoke ard. A few changed car over last week or so. Asked them why.. Esp one guy who just bought a 9 year old Jap car The news is the reason most singaporeans won't analyze like mcf members lah. news out, panic and go see AD or PI. you think AD and PI tell you wait or buy now hahaha 3 Link to post Share on other sites More sharing options...
iphone8 4th Gear November 6, 2017 Share November 6, 2017 Your SE from which AD? Honda. 2 Link to post Share on other sites More sharing options...
Pocy Hypersonic November 6, 2017 Share November 6, 2017 Honda.Heard KM steady one ..... NG also secured mostly. Which model? 1 Link to post Share on other sites More sharing options...
Ct3833 Supersonic November 6, 2017 Share November 6, 2017 LTA got say will cut COE by 50% in 2020/2021 meh? There is no need for government to cut COE. Below is the number of cars due for scrap over a period of 12 months moving windows. You will see that next year there would still be about 8,000 COEs for recycle per month, the figure will decline year over year, till 2021, the amount of COE for recycle will drop to about 37k, that is about 62% reduction as compare to now. While some may argue that less scrap car will lead to lower COE demand, in reality is because of the steep competition for COEs by then, the premium brands would bid aggressively to compete among themselves , as a result pushing up COE price. Year estimated No. of car due for scrap 2018 97,029 2019 93,088 2020 68,108 2021 37,587 2 Link to post Share on other sites More sharing options...
GerryChua 2nd Gear November 6, 2017 Share November 6, 2017 most singaporeans won't analyze like mcf members lah. news out, panic and go see AD or PI. you think AD and PI tell you wait or buy now hahaha AD and PI just want flocks of feathers to fly together. 1 Link to post Share on other sites More sharing options...
Mustank Hypersonic November 6, 2017 Share November 6, 2017 Waiting for Wednesday 1 Link to post Share on other sites More sharing options...
xinz 3rd Gear November 6, 2017 Share November 6, 2017 There is no need for government to cut COE. Below is the number of cars due for scrap over a period of 12 months moving windows. You will see that next year there would still be about 8,000 COEs for recycle per month, the figure will decline year over year, till 2021, the amount of COE for recycle will drop to about 37k, that is about 62% reduction as compare to now. While some may argue that less scrap car will lead to lower COE demand, in reality is because of the steep competition for COEs by then, the premium brands would bid aggressively to compete among themselves , as a result pushing up COE price. Year estimated No. of car due for scrap 2018 97,029 2019 93,088 2020 68,108 2021 37,587 Just surprise LTA did not keep some bumper stock to regulate the cycle. They just release back whatever numbers that were deregister. 2020 onwards is unimaginable. 2 Link to post Share on other sites More sharing options...
Pocy Hypersonic November 6, 2017 Share November 6, 2017 Just surprise LTA did not keep some bumper stock to regulate the cycle. They just release back whatever numbers that were deregister. 2020 onwards is unimaginable.If every year ...... month the same quota more or less, COE price will drop ...... LTA knows that 3 Link to post Share on other sites More sharing options...
xinz 3rd Gear November 6, 2017 Share November 6, 2017 If every year ...... month the same quota more or less, COE price will drop ...... LTA knows that 1 Link to post Share on other sites More sharing options...
alikato 1st Gear November 6, 2017 Share November 6, 2017 There is no need for government to cut COE. Below is the number of cars due for scrap over a period of 12 months moving windows. You will see that next year there would still be about 8,000 COEs for recycle per month, the figure will decline year over year, till 2021, the amount of COE for recycle will drop to about 37k, that is about 62% reduction as compare to now. While some may argue that less scrap car will lead to lower COE demand, in reality is because of the steep competition for COEs by then, the premium brands would bid aggressively to compete among themselves , as a result pushing up COE price. Year estimated No. of car due for scrap 2018 97,029 2019 93,088 2020 68,108 2021 37,587 I think we shd look at latest stats to get the correct coe quota for 2018 onwards i.e.31dec2017? Since latest lta info is 30sep17, then the drought will be earlier from yr 2020.. 2018:90,249 2019:76,350 2020:47,367 2021:29,025 2 Link to post Share on other sites More sharing options...
Victor68 Turbocharged November 6, 2017 Share November 6, 2017 Heard KM steady one ..... NG also secured mostly. Which model? Sir Pocy, it is not KM steady. It is buyer steady willing to pay for high COE. whatever they pay, it is what you have already paid them. COE $42k, they price $52K budget into car overall cost. so even if COE goes up to $48k still get what. If it really shoot skyhigh, see if they still bid for you? otherwise might as well give you G-COE. 3 Link to post Share on other sites More sharing options...
Lotr8445r 5th Gear November 6, 2017 Share November 6, 2017 Just surprise LTA did not keep some bumper stock to regulate the cycle. They just release back whatever numbers that were deregister. 2020 onwards is unimaginable.37k in Y21 vs 97k Y18. That is like 60k coe quota difference ↡ Advertisement Link to post Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In NowRelated Discussions
Related Discussions
Cars at Expo - Apr 2024
Cars at Expo - Apr 2024
COE Bidding - March 2024
COE Bidding - March 2024
Singapore ‘open to’ idea of one-off rise in vehicle population
Singapore ‘open to’ idea of one-off rise in vehicle population
Used Car Dealers Feedback (Part 2)!
Used Car Dealers Feedback (Part 2)!
Sell by bidding - BEST price from 500 car dealers in 1 day
Sell by bidding - BEST price from 500 car dealers in 1 day
2024 COE trend..
2024 COE trend..
New car discount/price/promo
New car discount/price/promo
Guide - Getting a preowned / 2nd hand car
Guide - Getting a preowned / 2nd hand car