Imaginary 1st Gear April 18, 2019 Share April 18, 2019 I guess those whose COE are almost due should quickly renew at $35k now ↡ Advertisement 2 Link to post Share on other sites More sharing options...
blmg 2nd Gear April 18, 2019 Share April 18, 2019 Yes , there will be a drastic drop in COE Quota. Many are rushing to renew COE now. But I don't think COE will soar to above $100K. Probably along the lines of $80K to $90K. No thanks to Private Hire.... Again. The next cycle for COE to drop to low levels would be 2028-2029. There were quite a fair bit of 5 year renewals in 2015/2016, so these will be recycled into the COE quota pool in 2020/2021. 1 Link to post Share on other sites More sharing options...
Roh96 6th Gear April 18, 2019 Share April 18, 2019 There were quite a fair bit of 5 year renewals in 2015/2016, so these will be recycled into the COE quota pool in 2020/2021.Not alot lah. Majority of the quota still from main stream parf cars.I read that majority of PHV drivers rather pay abit more to rent brand new cars, especially hybrid model. If that is the case, what will happen to the aging fleet of vehicles? I suppose they will be exported or dereg right? So quota should not shrink too much i think. Link to post Share on other sites More sharing options...
awhtc 6th Gear April 18, 2019 Share April 18, 2019 There were quite a fair bit of 5 year renewals in 2015/2016, so these will be recycled into the COE quota pool in 2020/2021. A simplistic estimate of COE quota assuming the 10-year COE cars remain until end of 10 years: Renewed 5-year Cat A COE: 2015 - 5,881 2016 - 15,181 2017 - 13,643 2018 - 14,781 2019 - 15,000 estimate Historical 10-year Cat A COE Quota: 2010 - 18,733 2011 - 13,026 2012 - 12,909 2013 - 8,534 2014 - 12,230 Projected Cat A COE Quota per Tender (renewed 5-year plus 10-year expired COEs / 24): 2020 - 1,025 2021 - 1,175 2022 - 1,106 2023 - 971 2024 - 1,134 It is more likely that the cars purchased in 2011-2014 have been scrapped in 2017-2019 as owners capitalise on low COE to purchase a new car with a fresh 10-year COE. Hence, Cat A 2020-2024 quota is likely to be a lot lesser (20-30%) than the projection above i.e. < 800 per tender. The corollary is 2027-2029 we will see an avalanche of COE quota. 2 Link to post Share on other sites More sharing options...
Vinceng Turbocharged April 18, 2019 Share April 18, 2019 My take is this – capitalize on this drastic COE rise to renew 10 years COE for your car now, and make a sweet profit when you sell it when COE prices double that of now in a matter of time. Link to post Share on other sites More sharing options...
Roh96 6th Gear April 18, 2019 Share April 18, 2019 Then what? Use the money to buy the next car at higher COE? Isn't it back to square one? My take is this – capitalize on this drastic COE rise to renew 10 years COE for your car now, and make a sweet profit when you sell it when COE prices double that of now in a matter of time. 1 Link to post Share on other sites More sharing options...
TeamAMG69 3rd Gear April 18, 2019 Share April 18, 2019 Not alot lah. Majority of the quota still from main stream parf cars. I read that majority of PHV drivers rather pay abit more to rent brand new cars, especially hybrid model. If that is the case, what will happen to the aging fleet of vehicles? I suppose they will be exported or dereg right? So quota should not shrink too much i think. That is the part that puzzles me.If new drivers prefer hybrid /electric car. Why Gojek buy 1000 units of Opel? I only see diesel Opel inside sgcarmart.com Unless my eyes cross, if anyone can share the hybrid / electric Opel cars available in SG. Thanks Link to post Share on other sites More sharing options...
Aheart 2nd Gear April 18, 2019 Share April 18, 2019 Unless those with 2nd car or decided to give up driving. I just bought a second car last dec, hoping to sell when it is the right time:) Then what? Use the money to buy the next car at higher COE? Isn't it back to square one? 1 Link to post Share on other sites More sharing options...
Roh96 6th Gear April 18, 2019 Share April 18, 2019 Haha..I see car as a transport tool, not investment tool. If I need to buy 2nd car, it is definitely not bcos I hope to sell it in future for a profit. Unless those with 2nd car or decided to give up driving. I just bought a second car last dec, hoping to sell when it is the right time:) 1 Link to post Share on other sites More sharing options...
Roh96 6th Gear April 18, 2019 Share April 18, 2019 Suzuki prices up $5k. Very fast and furious. Will there still be crowd this weekend? Link to post Share on other sites More sharing options...
Dafansu Turbocharged April 18, 2019 Share April 18, 2019 Suzuki prices up $5k. Very fast and furious. Will there still be crowd this weekend? Yes, panic buyers who scare COE will shoot up to 60-80k. Link to post Share on other sites More sharing options...
Camrycamry 1st Gear April 18, 2019 Share April 18, 2019 Go book a car this weekend with gauranteed coe. Next weekend got cars@expo, then followed by announcement of quota cut, before the next bidding. COE will shoot up another 5k easily next bidding. 1 Link to post Share on other sites More sharing options...
Dafansu Turbocharged April 18, 2019 Share April 18, 2019 COE Quota for May to July. Panic buying will start pushing up pricing further https://www.channelnewsasia.com/news/singapore/fewer-coes-available-from-may-to-july-11457348?cid=FBcna Link to post Share on other sites More sharing options...
Mockngbrd Supersonic April 18, 2019 Share April 18, 2019 (edited) Boooomz Edited April 18, 2019 by Mockngbrd 2 Link to post Share on other sites More sharing options...
Roh96 6th Gear April 18, 2019 Share April 18, 2019 Doesn't sound scary what. Not as if 20% cut or what. The quota still reasonably high. COE Quota for May to July. Panic buying will start pushing up pricing furtherhttps://www.channelnewsasia.com/news/singapore/fewer-coes-available-from-may-to-july-11457348?cid=FBcna 2 Link to post Share on other sites More sharing options...
Vinceng Turbocharged April 18, 2019 Share April 18, 2019 Then what? Use the money to buy the next car at higher COE? Isn't it back to square one? Good opportunity to use the profit to downgrade to a smaller but newer car Link to post Share on other sites More sharing options...
JQ01 3rd Gear April 18, 2019 Share April 18, 2019 https://www.lta.gov.sg/data/apps/news/press/2019/20190418_COEQuotaMay-Jul.pdf Cat. A: ~1424 per bid (down from ~1650) Cat. B: ~1139 per bid (down from ~1200) Cat. E: ~375 per bid (down from ~397) Cat. A is ~-13%, the rest ~-5% 1 Link to post Share on other sites More sharing options...
Soya Supersonic April 18, 2019 Share April 18, 2019 LOL!!! Ghost town this weekend in car belts leng kee Ubi....the sharp spike is disaster....4896!!!! Cat A $29k to 33k is damn a lot!!!!Cars@Expo next week. Confirm lowest turnout ever...lol ↡ Advertisement 1 Link to post Share on other sites More sharing options...
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