awhtc 6th Gear May 21, 2019 Share May 21, 2019 Singapore's 2019 GDP growth has just been downgraded. https://www.straitstimes.com/business/economy/singapores-2019-growth-forecast-downgraded-to-15-25-after-economy-slows-to-12-in-q1 ↡ Advertisement Link to post Share on other sites More sharing options...
Sopskysalat 4th Gear May 21, 2019 Share May 21, 2019 Reduced quota partly contributed by more renewal of COE, will also contribute to less demand of new COE from this pool. Unless more buyer from new pool of new car owner wannabe. Not likely for 2 reasons, 1. COE quota allocation is on a reducing trend, 2. LTA is getting TAXI companies to push up coe price. So whether the next few rounds are goinig to drop slightly or hold flat, this is the time to buy new car before COE going up again .Moreover, the reduction in quota allocation is going to be more drastic than anticipate because many car owners have opted to renew COE over the past recent months, which will cause the already lower amount of COE due for recycle to sink deeper. In March alone there were about 7,400 COE revalidations, April will likely be higher though the stats is not out yet. I am one of the culprits. 1 Link to post Share on other sites More sharing options...
13177 Supersonic May 21, 2019 Share May 21, 2019 Singapore's 2019 GDP growth has just been downgraded. https://www.straitstimes.com/business/economy/singapores-2019-growth-forecast-downgraded-to-15-25-after-economy-slows-to-12-in-q1 Dont think this would affect the coe price to drop? Find people here too rich to get affected by the economy de?! Lol. 1 Link to post Share on other sites More sharing options...
Vinceng Turbocharged May 21, 2019 Share May 21, 2019 Dont think this would affect the coe price to drop? Find people here too rich to get affected by the economy de?! Lol. It's the private hire car rental companies that are pushing COE prices up. 1 Link to post Share on other sites More sharing options...
Ct3833 Supersonic May 21, 2019 Share May 21, 2019 Reduced quota partly contributed by more renewal of COE, will also contribute to less demand of new COE from this pool. Unless more buyer from new pool of new car owner wannabe. You have your point, like myself will not buy new car anymore but I think there would still be enough rich people around to buy new car. Link to post Share on other sites More sharing options...
Vinceng Turbocharged May 21, 2019 Share May 21, 2019 You have your point, like myself will not buy new car anymore but I think there would still be enough rich people around to buy new car. It depends - a new car annual depreciation can be lower than that of a used car Mitsubishi Attrage - New - $6,500 / year - https://www.sgcarmart.com/new_cars/newcars_overview.php?CarCode=11610 Used - $6,900 / year - https://www.sgcarmart.com/used_cars/info.php?ID=824555&DL=2283 Link to post Share on other sites More sharing options...
nigel8210 3rd Gear May 21, 2019 Share May 21, 2019 people who bought COE at high prices will wish COE goes up even higher people whom are waiting to enter market will wish COE goes down further and all sorts of reasoning will come out, at the end of the day, nobody can 100% predict Link to post Share on other sites More sharing options...
RogerNg_185295 6th Gear May 21, 2019 Share May 21, 2019 But there are those cannot afford the 30 per cent DP. So they buy used cars. It depends - a new car annual depreciation can be lower than that of a used car Mitsubishi Attrage - New - $6,500 / year - https://www.sgcarmart.com/new_cars/newcars_overview.php?CarCode=11610 Used - $6,900 / year - https://www.sgcarmart.com/used_cars/info.php?ID=824555&DL=2283 Link to post Share on other sites More sharing options...
Sopskysalat 4th Gear May 21, 2019 Share May 21, 2019 agree. used car financing are more innovative in packaging loan to assist those who can't meet criteria. But there are those cannot afford the 30 per cent DP. So they buy used cars. Link to post Share on other sites More sharing options...
Ct3833 Supersonic May 21, 2019 Share May 21, 2019 It depends - a new car annual depreciation can be lower than that of a used car Mitsubishi Attrage - New - $6,500 / year - https://www.sgcarmart.com/new_cars/newcars_overview.php?CarCode=11610 Used - $6,900 / year - https://www.sgcarmart.com/used_cars/info.php?ID=824555&DL=2283 agree,makes no sense but some simply could only afford a used car because of financial "needs". for my case, mine is COE car, the most basic "needs" already. Link to post Share on other sites More sharing options...
kennyng82 2nd Gear May 22, 2019 Share May 22, 2019 CAt A another 3k jump Link to post Share on other sites More sharing options...
Clu999 1st Gear May 23, 2019 Share May 23, 2019 Trade war so my guess for today Cat A $37k Cat B $47k Link to post Share on other sites More sharing options...
Jwee85 5th Gear May 23, 2019 Share May 23, 2019 Seems kinda slow today...low numbers of bidders at this moment in time. Link to post Share on other sites More sharing options...
NiteCruiser 1st Gear May 23, 2019 Share May 23, 2019 Seems kinda slow today...low numbers of bidders at this moment in time.After 3.30pm then is Showtime.. Link to post Share on other sites More sharing options...
Lotr 6th Gear May 23, 2019 Share May 23, 2019 After 3.30pm then is Showtime..ðYeah 345 is the finale, building up to the climax at 4 Link to post Share on other sites More sharing options...
13177 Supersonic May 23, 2019 Share May 23, 2019 Seems kinda slow today...low numbers of bidders at this moment in time. Every bidding same, action only start last 30 mins. Link to post Share on other sites More sharing options...
ktkt 1st Gear May 23, 2019 Share May 23, 2019 Let's see stock market crash and trade war will make an impact on COE 1 Link to post Share on other sites More sharing options...
Lotr 6th Gear May 23, 2019 Share May 23, 2019 Showtime not yet started? Everything still $1. Lelong lelong ↡ Advertisement Link to post Share on other sites More sharing options...
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