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COE Bidding – 2nd Round of February 2019

Carbon82

By Carbon82,
in General Car Discussion

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justahelpdesk

justahelpdesk

1st Gear

Now that Cat A is hovering at the low end and didn't increase much, not sure why so many cars price increase a few k. Hmmm

Actually only honda/Toyota raised their prices. Hyundai cut and maintained even though Coe went up.
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Victer

Victer

1st Gear

i think the AD raise prices even though coe didnt, so that their margin is fatter. Currently margin is about $16~$20k depending on the car model. 

 

Now that Cat A is hovering at the low end and didn't increase much, not sure why so many cars price increase a few k. Hmmm

 

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yishunite

yishunite

Turbocharged
(edited)

If every month meet COE quota at existing prices... what incentive for them to lower prices? Make more profit better lor

Edited by yishunite
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Carbon82

Carbon82

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I wonder if any of you bother to take a closer look at the past years data? The revenue collected from the last bidding exercise ($108 mil) was almost at a 5 year low (the last time it hit below $110 mil was in Oct 2014). :o

 

If you are in the shoes of our LTA, would you not want to collect more (the record was $248 mil in Jun 2016)?! [bounce1] 

 

For those who subscribe to the belief that COE premium is unlikely to shoot up too much before the next GE, look at the COE data in 2015, where it increased from $118 mil in Jan to >$200 mil by mid of the year, which represent a >70% jump. [dead]

 

I am not implying that COE premium will go up in the very near term, but the shortfall must be make up somewhere right? COE quota, loan quantum, vehicle related taxes, etc. are just a few of the "tools" that can do wonder... ... [idea]  

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Mkl22

Mkl22

Twincharged

I wonder if any of you bother to take a closer look at the past years data? The revenue collected from the last bidding exercise ($108 mil) was almost at a 5 year low (the last time it hit below $110 mil was in Oct 2014). :o

 

If you are in the shoes of our LTA, would you not want to collect more (the record was $248 mil in Jun 2016)?! [bounce1] 

 

For those who subscribe to the belief that COE premium is unlikely to shoot up too much before the next GE, look at the COE data in 2015, where it increased from $118 mil in Jan to >$200 mil by mid of the year, which represent a >70% jump. [dead]

 

I am not implying that COE premium will go up in the very near term, but the shortfall must be make up somewhere right? COE quota, loan quantum, vehicle related taxes, etc. are just a few of the "tools" that can do wonder... ... [idea]  

 

VES makes up some.

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jcchia

jcchia

3rd Gear

Even they are giving you also better dont take, cause confirmed will pay triple and more later. Garment here no so good hearted de.

Govt give also ppl make many negative comments

Govt dun give also make many negative comments

 

Be grateful, perhaps can do away the gift to charity and earn a blessing ……….

lolxx

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Ct3833

Ct3833

Supersonic
(edited)

I wonder if any of you bother to take a closer look at the past years data? The revenue collected from the last bidding exercise ($108 mil) was almost at a 5 year low (the last time it hit below $110 mil was in Oct 2014). :o

 

If you are in the shoes of our LTA, would you not want to collect more (the record was $248 mil in Jun 2016)?! [bounce1]

 

For those who subscribe to the belief that COE premium is unlikely to shoot up too much before the next GE, look at the COE data in 2015, where it increased from $118 mil in Jan to >$200 mil by mid of the year, which represent a >70% jump. [dead]

 

I am not implying that COE premium will go up in the very near term, but the shortfall must be make up somewhere right? COE quota, loan quantum, vehicle related taxes, etc. are just a few of the "tools" that can do wonder... ... [idea]

Coe will increase especially next year when quota becomes very very dry. But by 2011 should feel some relief when the 5 year COE cars begin to surrender their COE for recycle when their COEs are due.

 

2015 is a different situation, the sharply increase in COE price was because LCR was newly setup then, they used investors' money to bid for COE at all cost as if there was no tomorrow.

The LTA and MOF Scholers should know that the income of those few years were not sustainable, the new norm will be this year moving forward unless they can hit another S curve like LCR.

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DACH

DACH

Supersonic

Coe will increase especially next year when quota becomes very very dry. But by 2011 should feel some relief when the 5 year COE cars begin to surrender their COE for recycle when their COEs are due.

 

2015 is a different situation, the sharply increase in COE price was because LCR was newly setup then, they used investors' money to bid for COE at all cost as if there was no tomorrow.

The LTA and MOF Scholers should know that the income of those few years were not sustainable, the new norm will be this year moving forward unless they can hit another S curve like LCR.

If the govt want more income, then release more COEs.

Improve the infrastructure.

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WoRmHao

WoRmHao

3rd Gear

If the govt want more income, then release more COEs.

Improve the infrastructure.

Releasing more COE quota will cause price to drop, they won't earn more.

 

What govt can do is make car "more affordable" to everyone, so more people can fight over the limited quota to drive the price up!

 

Lower dp, higher loan limit will sure get govt more income! Huat ah!

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Ct3833

Ct3833

Supersonic

Releasing more COE quota will cause price to drop, they won't earn more.

 

What govt can do is make car "more affordable" to everyone, so more people can fight over the limited quota to drive the price up!

 

Lower dp, higher loan limit will sure get govt more income! Huat ah!

Zero down payment, 100% loan plus cash subsidies from dealers. 11 years installment while allowing parf value to offset the 11th year installment when the car reaches 10 year old.
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WoRmHao

WoRmHao

3rd Gear

Zero down payment, 100% loan plus cash subsidies from dealers. 11 years installment while allowing parf value to offset the 11th year installment when the car reaches 10 year old.

How about can use CPF to buy car? Hahaha
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yishunite

yishunite

Turbocharged

They oredi collect more with VES and tiered ARF - and especially extensive ERP til they can even afford to turn off Bukit Timah. From their side of the picture the tax revenue probably look quite similar to other yrs.

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Ct3833

Ct3833

Supersonic

Wow! Thanx ... interesting! $3.42B up from FY18 ...

 

Bros - not rocket science cos if the budget not meeting the expenditure ... what do you think will happen over the next few months?

Dont forget, significant amount of money come from customs duties and excise tax which is vehicle related also. See the increase.
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Dafansu

Dafansu

Turbocharged

Wow! Thanx ... interesting! $3.42B up from FY18 ...

 

Bros - not rocket science cos if the budget not meeting the expenditure ... what do you think will happen over the next few months? 

 

they have a lot of sources this is just one of it, main one will be from GST

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