Cat B COE continues upward rise, and supply for upcoming quarter expected to shrink significantly

[Atachi]

Huat ah! Can sell car for profit soon? 

Playing around SG Tesla configuration, "chua sai" in the final check out page after including COE.

Good buy become not so good buy. The base price already included the 45k govt "rebate". 🤣

[inlinesix]

12 minutes ago, Atachi said:

Huat ah! Can sell car for profit soon? 

Playing around SG Tesla configuration, "chua sai" in the final check out page after including COE.

Good buy become not so good buy. The base price already included the 45k govt "rebate". 🤣

Model 3 Performance same price as BMW ix3.

I know it is Apple vs Orange comparison

Edited October 7, 2021 by inlinesix

[lexiton]

Cat B hitting 80k end of year

[Xers007]

Travelling budget dump into a bigger car, that is why CAT B is heading north. 2nd hand market is also red hot now. 

[lexiton]

18 minutes ago, Xers007 said:

Travelling budget dump into a bigger car, that is why CAT B is heading north. 2nd hand market is also red hot now. 

 

2 years worth of traveling budget

[DOBIEMKZ]

5 hours ago, Yeshe said:

No need buy car leow, over past 1.5 yrs everyday work from home and largely in lock down state. Buy car to keep in garage??

Hmmm... buy car to sleep in. In cases when cannot/don't want to sleep at home or in bed.

[Throttle2]

So does it mean , i should buy another car, keep first.    Since COE quota is dropping month after month?  😄

[Atachi]

1 hour ago, Xers007 said:

Travelling budget dump into a bigger car, that is why CAT B is heading north. 2nd hand market is also red hot now. 

What kind of travel budget? Whole fam's private European trip in first class / suites 😁

[ZMC]

There are about 635'000 passenger cars in SG...so the vast majority are taking public transport or grab/uber/taxis.

Think the demand dropped because population dropped from 5.69 to 5.45 million too.

[Albeniz]

Singapore HDB flat is too small.

A lot of Singaporeans are  buying cars to function as store rooms.

Edited October 8, 2021 by Albeniz

[Ho2786]

heng ah

I don't need COE for the next 8 years

huat ah

 

[awhtc]

6 hours ago, Ho2786 said:

heng ah

I don't need COE for the next 8 years

huat ah

 

 

The good old days in 2018-2019 will never come back again.

The Cat A and Cat B bottoms around 2008-2009 were close to $0.  In 2018-2019, they were around $25k and $31k.  In 2028-2029, they could be about $50k and $62k.

This means the highs now could be the bottoms of the next cycle in 2028-2029 😅

[Ct3833]

1 hour ago, awhtc said:

 

The good old days in 2018-2019 will never come back again.

The Cat A and Cat B bottoms around 2008-2009 were close to $0.  In 2018-2019, they were around $25k and $31k.  In 2028-2029, they could be about $50k and $62k.

This means the highs now could be the bottoms of the next cycle in 2028-2029 😅

COE price will continue to go up over the next two years, but low cycle will come back in 2025 or 2026 when more cars are due for scrap; provided the invisible hands don't do anything to disrupt the eco system

 

[Ginyu]

9 hours ago, Albeniz said:

Singapore HDB flat is too small.

A lot of Singaporeans are  buying cars to function as store rooms.

Think those Mickey Mouse units are  even smaller. Just step in from main door can see the kitchen🤣

[inlinesix]

9 hours ago, Albeniz said:

Singapore HDB flat is too small.

A lot of Singaporeans are  buying cars to function as store rooms.

Storage warehouse is cheaper to rent than car.

[Lotr]

1 hour ago, Ct3833 said:

COE price will continue to go up over the next two years, but low cycle will come back in 2025 or 2026 when more cars are due for scrap; provided the invisible hands don't do anything to disrupt the eco system

 

Invisible hands like PHV companies?

[t0y0ta]

In the COE poverty years of 2011-2014, only 20+ k new cars per year was registered.

I think we are still much better supply today.

2021 1st half (Jan-Jun) already 22k vehicles registered, total year should be just below 40k.

But COE is already 70-80k. Note that previous peak in 2013 was around 90k+

We are reaching peak even though COE supply is much more than last trough... it means that demand is on average higher. The new peak in 2023 should be >100k

 

Edited October 9, 2021 by t0y0ta

[Ct3833]

22 minutes ago, Lotr said:

Invisible hands like PHV companies?

Like the LTA, MAS😅😅😅