Showrooms not opening in Phase 1. What about COE?

[Dark]

Test drive must test fully including NCAP test.

Edited June 20, 2020 by Dark

[13177]

8 minutes ago, Watwheels said:

And ppl always comprain the test drive route is too short. 

This driver win already.

Heard before car owner just collected the new car and crash it the moment the car was driven out of the showroom. But this driver really win already, cause the driver crashed the car during test drive within the showroom. Lol.

[Watwheels]

7 minutes ago, 13177 said:

Heard before car owner just collected the new car and crash it the moment the car was driven out of the showroom. But this driver really win already, cause the driver crashed the car during test drive within the showroom. Lol.

Such drivers must have gotten their license from LegoLand.

[Brass]

2 hours ago, Mockngbrd said:

Vtec kui!!!! 

The blame of this accident should be placed on Komoco.

Must be Komoco's irresistible free breakfast doing the trick.

Too hungry to walk to Dawson place to eat, so gatecrash Komoco with Jazz lor.

Edited June 20, 2020 by Brass

[Beehive3783]

15 hours ago, Wildfaye29 said:

So how's the outlook?

Saw some ads quoting prices without coe.

Almost everyone is quoting without COE now. Most likely none of them know how much to bid, since there hasn't been any bidding for 2 months.

[Vinceng]

15 hours ago, Wildfaye29 said:

So how's the outlook?

Saw some ads quoting prices without coe.

The August to Oct COE quota is expected to be reduced, So don't expect too much drop in prices, although the April to June unused COE will be recycled back into the pool.

[Fitmugen]

Govt may consider negative growth for vehicles at this time. Road construction could slow down to free up workers for more important infrastructure such as HDB flats and essential services, giving reason to lower COE allocations.

Expect policy relating to government revenue to be more aggressive. $93b spending for Covid is no laughing matter.  With lower collections from income, property tax, stamp duties and even ERP, COE becomes a very important revenue source. 

[13177]

11 hours ago, Watwheels said:

Such drivers must have gotten their license from LegoLand.

I cannot believe the driver can’t even handle a Jazz which is such a small and easy car to operate? 

[13177]

10 hours ago, Vinceng said:

The August to Oct COE quota is expected to be reduced, So don't expect too much drop in prices, although the April to June unused COE will be recycled back into the pool.

If coe would not drop much, then who would believe economy is into recession due to covid?

[Wt_know]

11 minutes ago, 13177 said:

If coe would not drop much, then who would believe economy is into recession due to covid?

economy is down for sure

but we are not in 2008/2009 lehman where population is low

you know how many new rich has increased in spore?

demand > supply ... double confirmed!

just look at the demand when showroon open for property and car

just look at property listing price in propertyguru ... owner has holding power ... do not blink even for 1sec

Edited June 21, 2020 by Wt_know

[Jamesc]

13 hours ago, Mockngbrd said:

Vtec kui!!!! 

So buyer tulan already and one less COE taken this round?

So it it not all bad news then.

One more COE available.

One more COE available.

Edited June 21, 2020 by Jamesc

[Soya]

19 hours ago, Mockngbrd said:

Vtec kui!!!! 

This one in India lagi worse. Can turn turtle while still in the driveway....lol

https://www.motor1.com/news/429824/new-vw-polo-driver-crash/

 

[Lotr]

Today's news ... showrooms crowds  30~40% less than  pre CB

 

Edited June 21, 2020 by Lotr

[13177]

14 minutes ago, Lotr said:

Today's news ... showrooms crowds  30~40% less than  pre CB

 

Guess many people want to wait for the next month first resume coe bidding then see how? Also current economy really not a good time to buy car la.

[Lotr]

4 minutes ago, 13177 said:

Guess many people want to wait for the next month first resume coe bidding then see how? Also current economy really not a good time to buy car la.

could be one of the reasons, I am one of them ... will wait for 1st 2 to 3 bids or even for the soft landing that KBW talked about.

 

 

Edited June 21, 2020 by Lotr

[mersaylee]

3 hours ago, Soya said:

This one in India lagi worse. Can turn turtle while still in the driveway....lol

https://www.motor1.com/news/429824/new-vw-polo-driver-crash/

 

We know they can flip anything...prata or not 

[Pixel18]

Some believe that demand will outstrip supply and hence, prop up COE prices - perhaps to a certain degree.  The reality that is still unknown to many (or those that choose to believe otherwise) is the depth of the recession we are heading into. It is something far more impactful that 2007/8 and way beyond 1997. The truth will unfold in the next few months till year end (possibly into early 2021, if fortunate) - closures, bankruptcies, broken families, disillusionment, retrenchment. Any silver lining? Definitely: what goes down must come up - that’s something you don’t even need an expert to tell you.  What one must be prepared for in the many months ahead is to ride the waves as we head into the eye of the storm - unfortunately, some will survive while others wither away. Hence, hold any big ticket spending this period unless you are certain there are absolutely no uncertainty for you ahead.  

[Civic101]

Would COE drop if dealers have more than 4 weeks (2 weeks pre-CB and 2 weeks+ post phase 2 opening) plus 2 months+ collecting online orders with only 30% increase in COE?

You can never beat our LTA scholars!