Jump to content

COE Bidding – 2nd Round of March 2019


Carbon82
 Share

Recommended Posts

Turbocharged

very sad for those who didn't pull the trigger when cat B was ~32k and was still waiting for durian to drop

Funny thing about durian when cheap no one seems interested. Like very normal thingy.

 

Only when durian becomes expensive, then everybody becomes excited n talk about it like "hard-to-get" shortages.

 

People perhaps feel good they ate the expensive durian before it becomes even more expensive and "rare".

 

Then the history story book repeats.

 

:D

  • Praise 4
Link to post
Share on other sites

Haha now COE shooting up, it will only continue to go up further. Because everyone will be panicking and heading to the showroom soon to sign.

  • Praise 1
Link to post
Share on other sites

bro, what goes up, will come down..

sure will have a chance to drop until 30k again..

Maybe 10 years later. Sigh, missed the boat
  • Praise 2
Link to post
Share on other sites

Anyone got the COE this round via C&C? C&C failed in my first bid with them. Thanks!

 

errrr... C&C represent a few brands sure got secure many many leh..

 

What car u commit and how many bids? Stock arrived? if not just wait patiently. If got stock they can oso use Cat E loh..

 

Good luck!

  • Praise 1
Link to post
Share on other sites

Those want to buy cat A, better be fast.

 

Coe 1 dollars is impossible.

 

Past 15 year history coe average Low was about 10,000-15,000. If you consider inflation rate and salary now, especially LTA officer salary 15 years ago, coe bottom shall be 2 times of 15 years ago which is 20,000 to 30,000.

 

Some more, coe quota is on the way down after 3 years 85,000 above exceeding 65,000 yearly average, LTA got room to play with quota by lowering it down further, especially now Cat b is so high which they may increase cat b quota and reduce cat a quota in next quarter revision.

 

Good luck, buy your car fast if you need it.

 

The COE quota calculation is based on a set of formula so it cannot be adjusted so easily.

 

HOW IS THE VEHICLE QUOTA DETERMINED?

The vehicle quota calculation takes into account the following conditions:

  • Actual number of vehicles taken off the roads  (i.e. number of vehicles de-registered)
  • Allowable growth in vehicle population
  • Adjustments to account for changes in taxi population, replacements under Early Turnover Scheme, past over-projections and expired or cancelled temporary COEs, etc.

The COE quota is computed and set every 3 months.

https://www.lta.gov.sg/content/ltaweb/en/roads-and-motoring/owning-a-vehicle/vehicle-quota-system/overview-of-vehicle-quota-system.html

Due to the aggressive COE-renewals, I think demand for new Cat A cars could be muted in this quarter since the COE cars will be much more value-for-money.  New Cat B car prices will continue to go up in this quarter if PHV rental car companies continue to bid for hybrid cars.

  • Praise 2
Link to post
Share on other sites

When? Give us a target date for tracking please. Dont let us wait until cow come home

No one can guage the range but traditionally (historical data) end December through to cny coe should be it lowest. Edited by Kopites
Link to post
Share on other sites

The COE quota calculation is based on a set of formula so it cannot be adjusted so easily.

HOW IS THE VEHICLE QUOTA DETERMINED?

The vehicle quota calculation takes into account the following conditions:

  • Actual number of vehicles taken off the roads (i.e. number of vehicles de-registered)
  • Allowable growth in vehicle population
  • Adjustments to account for changes in taxi population, replacements under Early Turnover Scheme, past over-projections and expired or cancelled temporary COEs, etc.

The COE quota is computed and set every 3 months.

https://www.lta.gov.sg/content/ltaweb/en/roads-and-motoring/owning-a-vehicle/vehicle-quota-system/overview-of-vehicle-quota-system.html

 

Due to the aggressive COE-renewals, I think demand for new Cat A cars could be muted in this quarter since the COE cars will be much more value-for-money. New Cat B car prices will continue to go up in this quarter if PHV rental car companies continue to bid for hybrid cars.

The game rules is on LTA hand, they can change the rules or reset the formula for pushing the price up or down.

 

Before 2009, 2003 to 2008, coe price stayed 10,000 to 20,000. Coe quota was about 80,000 to 90,000 per year with car population around 600,000. Car was mostly scrapped in 5-7 years. Everyone changed their car when car reach heavy maintenance period.

 

LTA could not tahan the Low price in 2009 after the economic crisis and reduce the coe quota till only 30%, coe shoot up and car owner can not afford choose to use the car till coe expiry or renew 5 years and resulted high number of car more than 10 years after 2013.

 

Then LTA started to release big car quota More than 85,000 per year compared 65,000 since 2016 to encourage car renewal with better exhaust emission. But this result coe price free falling.

 

The gov income badly affected due to Low coe price. LTA cut quota again.

 

There are not formula, all depend on how gov or LTA want to play the game. Obviously, the game of clearing old car with more than 10 years is successful. 2015-2018, new car population is above 85,000 per year compared to average 65,000 per year. So next 7 years, car population annually will be below average 65,000.

 

It is easy for LTA to play and push up the price they wish to be, at the same time to control the inflation rate and gov income.

 

So don’t be naive to think coe will drop further. Cat B shooting, Cat A surely will be adjusted to catch up. Especially the quota can be transferred from Cat A to Cat B by LTA by declaring demand of Cat B is higher which the game rules is set by LTA.

 

So, if you need car, just buy it when it is Low. Coe can go up from here and higher and higher.

  • Praise 6
Link to post
Share on other sites

COE prices up, of course they have to up the price . You expect them to drop prices further when the buying demand is so strong? Makes no business sense right?

very fast, can see some of the AD already up price today

 

Link to post
Share on other sites

bro, what goes up, will come down..

sure will have a chance to drop until 30k again..

 

The lowest was $31,000 on 4 July 2018. Since COE is on 10 year cycle, maybe July 2028?

  • Praise 1
Link to post
Share on other sites

congrats. I got mine too. First bid by the dealer.

 

Was seriously anxious when CAT A was looking soft.. worried that I would have overpaid.

hahah,what to worry for? u buy car in singapore u confirm overpay one
  • Praise 1
Link to post
Share on other sites

Motorcycle total population never grew, is the most unfair of the LTA's scheme.

 

While allowing unlimited Malaysians motorcycle into Singapore.

 

Yet the logic that Singapore's motorcycle is contributing to traffic jams, thus have to be limited and priced with COE.

  • Praise 1
Link to post
Share on other sites

My guess is LTA will need to consider a slight increase in vehicle population e.g.0.25% p.a. in view of population and road network growths.

 

However, any negative delta in COE price trajectory will be offset by revised VES and the road usage will be controlled by satellite ERP.

Link to post
Share on other sites

Look at BKE at morning and evening time, reckless speeding and over-taking. Its not surprising that accidents happen frequently there and precious life taken away. Those leaders up there should set up a committee (like they always do haha) and study the situation.

 

Motorcycle total population never grew, is the most unfair of the LTA's scheme.

 

While allowing unlimited Malaysians motorcycle into Singapore.

 

Yet the logic that Singapore's motorcycle is contributing to traffic jams, thus have to be limited and priced with COE.

 

↡ Advertisement
  • Praise 2
Link to post
Share on other sites

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 account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

×
×
  • Create New...