VES 2018

[Vratenza]

The less discerning ones..... yes.

 

Will buyers fall for it?

 

[kennyyy]

Its like some shops always display 50% discount, 70% discount, etc etc while stock last or clearance sale blah blah blah .. mths later, yrs later, eh, the shop still there, same discount still there,,,,only thing that is different is the sales-person/counter-person is a different person. 

[Jwee85]

Since singapore car sales are stable depending the quota.

No AD can sell more cars than quota available each month.

 

A local car AD business will NEVER want to make lesser profits after the July VES kicks in, for each car they sell.

 

Think about it, how do you expect a business to accept a KPI target that makes lesser profits per car after JULY.

IMPOSSIBLE.

 

Conti cars AD are very good at loading on freebies, service credits, old car overtrade, free carpets, free ceramic coating, free dash cams, etc. So much so until the car buyers, really think they are the special ones able to get all these 'good' deals.

 

Due to all these layers of incentives and benefits, their pricing is very much clouded and not easy to explain to car buyers.

 

So If any AD were to tell me they will absorb the VES , i will know they are totally bullshiet.

Any SE says the company is willing to maintain prices(for cars with additional VES tax) to keep the customer happy, is also totally bullshiet.

Any SE says they are making lesser profit per car after July , is also bullshiet. Because that will mean the company overall profit and loss report will be lower than last year- assuming they sell the same numbers of cars each year.

 

 

 

I have this sinking feeling that those cars affected by increased VES will have the same amount of tax pegged to the car price.

While those cars with reduced VES, will likely get only 50% of the benefits pegged to the car prices. Simply because the pricelist can play with the cost of the base car, and not many car buyers will notice it.

 

Just look at sgcarmart new car price list from various AD.

Have anyone of you ever question the advertised base carprice(usually the next column after the car description).

The base car price before adding in the other columns of registering fees, VES tax, In-house rebate, trade-in rebate, early bird discounts, etc.

 

This base car price can easily be tweaked after July, no question asked by most car buyers.

While still under the VES column, whether a positive of negative tax, it will be based on and considered towards the final selling price, making the pricelist seems legit and honest.

When in actual fact the AD already have quietly tweaked the base car price to reflect the VES impact, therefore sustaining their profit margins while convincing that the company is honest about the VES tax/rebate cost affecting the selling price.

 

 

 

Good luck.

 

 

[RogerNg_185295]

 

Since singapore car sales are stable depending the quota.

No AD can sell more cars than quota available each month.

 

A local car AD business will NEVER want to make lesser profits after the July VES kicks in, for each car they sell.

 

Think about it, how do you expect a business to accept a KPI target that makes lesser profits per car after JULY.

IMPOSSIBLE.

 

Conti cars AD are very good at loading on freebies, service credits, old car overtrade, free carpets, free ceramic coating, free dash cams, etc. So much so until the car buyers, really think they are the special ones able to get all these 'good' deals.

 

Due to all these layers of incentives and benefits, their pricing is very much clouded and not easy to explain to car buyers.

 

So If any AD were to tell me they will absorb the VES , i will know they are totally bullshiet.

Any SE says the company is willing to maintain prices(for cars with additional VES tax) to keep the customer happy, is also totally bullshiet.

Any SE says they are making lesser profit per car after July , is also bullshiet. Because that will mean the company overall profit and loss report will be lower than last year- assuming they sell the same numbers of cars each year.

 

 

 

 

I have this sinking feeling that those cars affected by increased VES will have the same amount of tax pegged to the car price.

While those cars with reduced VES, will likely get only 50% of the benefits pegged to the car prices. Simply because the pricelist can play with the cost of the base car, and not many car buyers will notice it.

 

Just look at sgcarmart new car price list from various AD.

Have anyone of you ever question the advertised base carprice(usually the next column after the car description).

The base car price before adding in the other columns of registering fees, VES tax, In-house rebate, trade-in rebate, early bird discounts, etc.

 

This base car price can easily be tweaked after July, no question asked by most car buyers.

While still under the VES column, whether a positive of negative tax, it will be based on and considered towards the final selling price, making the pricelist seems legit and honest.

When in actual fact the AD already have quietly tweaked the base car price to reflect the VES impact, therefore sustaining their profit margins while convincing that the company is honest about the VES tax/rebate cost affecting the selling price.

 

 

 

Good luck.

 

Any model which have their base price tweaked?

[Midorima]

Any model which have their base price tweaked?

 

Not sure if talking about the same thing.

 

Toyota has VES subsidy listed, but actually their Vios is 5k more expensive than the June pricelist, despite VES being 10k. So in essence, they only absorb half.

[RogerNg_185295]

Looking at the COE is now 34k, their car prices never go down at all. When COE was 45K, altis basic also around 100K. Now COE 34K, Altis also 100k .Who is taking who for a ride?

Not sure if talking about the same thing.

 

Toyota has VES subsidy listed, but actually their Vios is 5k more expensive than the June pricelist, despite VES being 10k. So in essence, they only absorb half.

 

[Daniu82]

Looking at the COE is now 34k, their car prices never go down at all. When COE was 45K, altis basic also around 100K. Now COE 34K, Altis also 100k .Who is taking who for a ride?

 

That's why I nvr believe any ADs saying they are absorbing VES, it's only whether they earn more or earn less.

 

[Kurty]

Looking at the COE is now 34k, their car prices never go down at all. When COE was 45K, altis basic also around 100K. Now COE 34K, Altis also 100k .Who is taking who for a ride?

 

well said 

[Gz0707]

and we have people asking for $200 COE, as if AD will remove the COE component, instead of increasing their margins. Wait, they can, right?

[Zxcvb]

Yup! Borneo motors increase the price of bread butter car like Vios by $5000 instead of $10000, although COE actually dropped. Let's see when they start slashing prices if this current week nobody even pop by their showroom. LOL.

[kennyyy]

well said 

 

Tats y i nvr consider buying Toyotas simply becas BM quite stuck-up one. For many yrs aldy. 

[RogerNg_185295]

Yup! Borneo motors increase the price of bread butter car like Vios by $5000 instead of $10000, although COE actually dropped. Let's see when they start slashing prices if this current week nobody even pop by their showroom. LOL.

Are they committing suicide? They are the market leader. Perhaps they know better than any of us Edited June 25, 2018 by RogerNg_185295

[Gz0707]

Are they committing suicide? They are the market leader. Perhaps they know better than any of us

Don't forget BM had 1 round of severe letting go where 100+ people were let go, including the long time head himself. As for attitude, they are better now, relatively speaking. The SE all wear jackets and they even hired a greeter from Japan to give give you a Japanese feel. But follow up is till poor, compared with other AD. Once out the door, they won't contact you to close the sale. Just my experience.

[Vratenza]

Another same ole sales tactic: raise price just before COE bidding/major policy change....once bid results end up higher as BM predicted or the VES affects the model as predicted, they can just advertise big big headline: " VES absorbed" and maintain the same price they had just risen 1 week ago.

 

Yup! Borneo motors increase the price of bread butter car like Vios by $5000 instead of $10000, although COE actually dropped. Let's see when they start slashing prices if this current week nobody even pop by their showroom. LOL.

 

[Dafansu]

Not sure if talking about the same thing.

 

Toyota has VES subsidy listed, but actually their Vios is 5k more expensive than the June pricelist, despite VES being 10k. So in essence, they only absorb half.

 

Vios at $86k good luck to them, all will go to Elantra at $80k

[Eyke]

Vios at $86k good luck to them, all will go to Elantra at $80k

 

wun lah, think there's still a large pool of "Toyota is #1 reliable & value-for-money" buyers

 

[RogerNg_185295]

wun lah, think there's still a large pool of "Toyota is #1 reliable & value-for-money" buyers

 

Maybe its yes. Could altis be the number 1 again?

[Voodooman]

A noob question, previously CEVS rebate is taken from PARF, will the new VES surcharge add to PARF at end of year 10?