Wt_know Supersonic October 20, 2021 Share October 20, 2021 2 minutes ago, Voodooman said: If I asked them to bid $30k while PQP is at $80k, will they accept my booking? please do that … i think the dealer face will be blacker than hawker chan wok … lol ↡ Advertisement 5 Link to post Share on other sites More sharing options...
Throttle2 Supersonic October 20, 2021 Share October 20, 2021 $200k COE is fine. Also please dont allow borrowing beyong 3 yrs. and no more than 50% of total purchase price. yeah! 1 1 Link to post Share on other sites More sharing options...
lexiton 2nd Gear October 20, 2021 Share October 20, 2021 4 hours ago, Ct3833 said: Many years ago people already predict COE will reach 200k, dont say never say, better quick quick place your booking now.😄😄😄😄 this article was before phv release? cus apparently many taxi fleet surplus now Link to post Share on other sites More sharing options...
Battledome64 2nd Gear October 21, 2021 Share October 21, 2021 High COE coupled with high petrol price is likely to increase the fares of taxis and grab. Maybe next time minimum fare is $10 1 1 Link to post Share on other sites More sharing options...
kermitfm 4th Gear October 21, 2021 Share October 21, 2021 We must take into consideration that the recovery from Covid is K shaped. It means that although some will face economic pain and difficulties, there is another group who are benefitting from the situation. Since the Singapore car market is a finite one where there is a limited supply, car dealers do not need to worry about the lack of demand. The pool of buyers they are serving has deep pockets and are flush with cash. This is evident from the clear difference between Cat A and Cat B COE. Cat A dealers will try to maintain the price to be affordable but the Cat B (and Cat E) will probably move much higher. 1 Link to post Share on other sites More sharing options...
Ingenius Turbocharged October 21, 2021 Share October 21, 2021 (edited) Thankfully, the drastic rise in cat b hasn't lead to a spillover of demands to cat a, so cat a still remains a distant price and stays relatively affordable. Can you imagine if cat a is around cat b price ? That will be the end of bread and butter cars. Edited October 21, 2021 by Ingenius Link to post Share on other sites More sharing options...
awhtc 6th Gear October 21, 2021 Author Share October 21, 2021 12 minutes ago, Ingenius said: Thankfully, the drastic rise in cat b hasn't lead to a spillover of demands to cat a, so cat a still remains a distant price and stays relatively affordable. Can you imagine if cat a is around cat b price ? That will be the end of bread and butter cars. If history is a guide, in 2011 a similarly large price gap was created when Cat B shot up very quickly. 1.5 years later, the price gap narrowed and finally merged in 2013. Hence, by mid-2022 Cat A should start to close the gap as demand from Cat B spills over to Cat A. However, in 2022 there will be another ARF incentive for EVs that may cause Cat B car prices to hit well over $100k. We could be looking at an extended gap of $30-50k between Cat A and B until 2023 with both on the upward trend from 2021 to 2023 before stabilising in 2024. 1 Link to post Share on other sites More sharing options...
Ct3833 Supersonic October 21, 2021 Share October 21, 2021 49 minutes ago, awhtc said: If history is a guide, in 2011 a similarly large price gap was created when Cat B shot up very quickly. 1.5 years later, the price gap narrowed and finally merged in 2013. Hence, by mid-2022 Cat A should start to close the gap as demand from Cat B spills over to Cat A. However, in 2022 there will be another ARF incentive for EVs that may cause Cat B car prices to hit well over $100k. We could be looking at an extended gap of $30-50k between Cat A and B until 2023 with both on the upward trend from 2021 to 2023 before stabilising in 2024. At one point Cat A was higher than Cat B 1 Link to post Share on other sites More sharing options...
Ingenius Turbocharged October 21, 2021 Share October 21, 2021 (edited) @awhtc Good analysis ! Thanks. So this means that we still have a few years to buy b&b cars at relatively affordable price, before everyone drives a mercedez or nothing else. Edited October 21, 2021 by Ingenius 2 Link to post Share on other sites More sharing options...
Hubhub69 Neutral Newbie October 21, 2021 Share October 21, 2021 Now from existing Cat B can change to new Cat A. 1 Link to post Share on other sites More sharing options...
DOBIEMKZ Turbocharged October 21, 2021 Share October 21, 2021 6 minutes ago, Hubhub69 said: Now from existing Cat B can change to new Cat A. Yeap! Changing from Toyota Vellfire to Toyota Sienta. 1 Link to post Share on other sites More sharing options...
Ho2786 4th Gear October 21, 2021 Share October 21, 2021 the rich no scare low COE supply they only scare no COE supply 1 1 Link to post Share on other sites More sharing options...
Sdf4786k Twincharged October 21, 2021 Share October 21, 2021 16 minutes ago, Ingenius said: @awhtc Good analysis ! Thanks. So this means that we still have a few years to buy b&b cars at relatively affordable price, before everyone drives a mercedez or nothing else. Err .. no .. not really.. those rich parents may want to buy cheap 3 cylinders bmw or merc with Renault engines for their kids to drive n push the prices up 2 Link to post Share on other sites More sharing options...
Darevil 3rd Gear October 21, 2021 Share October 21, 2021 TO THE MOON !!!! 😋 1 Link to post Share on other sites More sharing options...
Wt_know Supersonic October 21, 2021 Share October 21, 2021 (edited) 11 minutes ago, kobayashiGT said: $200,000???? This is super duper hyper inflation sia. it's not inflation ... it simply means "we" cannot afford only many others can afford ... . . . hopefully by 2025 ... i will be driving a laopok porky 997 in msia liao Edited October 21, 2021 by Wt_know 1 1 Link to post Share on other sites More sharing options...
Macrosszero Turbocharged October 21, 2021 Share October 21, 2021 24 minutes ago, kobayashiGT said: $200,000???? This is super duper hyper inflation sia. Old article dating from November 2015 - note that there isn't even mention about PHV and they have steadily overtaken taxis on the road. And who is CLSA to offer a published opinion on COE anyway? 1 1 Link to post Share on other sites More sharing options...
Wt_know Supersonic October 21, 2021 Share October 21, 2021 (edited) 2 minutes ago, Macrosszero said: Old article dating from November 2015 - note that there isn't even mention about PHV and they have steadily overtaken taxis on the road. And who is CLSA to offer a published opinion on COE anyway? normal ma ... anal-ist can brag whatever shit they want in 2015 and hopefully no wonder question their prediction in 2025 ... lol may be they can predict next year 4D numbers too ... tio or not ... who keep track Edited October 21, 2021 by Wt_know 1 Link to post Share on other sites More sharing options...
Sdf4786k Twincharged October 21, 2021 Share October 21, 2021 (edited) 36 minutes ago, kobayashiGT said: $200,000???? This is super duper hyper inflation sia. After u kanna Pofma 😂 lets say you are right. 200k is the new norm. How will the landscape of the car be ? obviously super carlite.. probably only those that have deep pockets will buy n no one will extend their coe.. 😂 I still believe before that happens, carpark space will be a hot commodity to be sold like HK. that’s the last part of milking the cash cow that has not been touched and will plowed back money into the reserve Edited October 21, 2021 by Sdf4786k ↡ Advertisement Link to post Share on other sites More sharing options...
Recommended Posts
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 accountSign in
Already have an account? Sign in here.
Sign In NowRelated Discussions
Related Discussions
COE Bidding - March 2024
COE Bidding - March 2024
Singapore ‘open to’ idea of one-off rise in vehicle population
Singapore ‘open to’ idea of one-off rise in vehicle population
2024 COE trend..
2024 COE trend..
Never Gonna Parliament - a COE/car market restructuring plan idea
Never Gonna Parliament - a COE/car market restructuring plan idea
COE Bidding - December 2023
COE Bidding - December 2023
COE premiums continue rising; higher Nov-Jan quota unlikely to cool car demand, say dealers
COE premiums continue rising; higher Nov-Jan quota unlikely to cool car demand, say dealers
COE Bidding - November 2023
COE Bidding - November 2023