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how to solve COE volatility? Gov doing the pricing


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Hypersonic

High COE is putting

back into our reserves.

:D

High COE is good for us.

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Twincharged

So many experts here

Tink LTA shld juz get rid of the scholars n get all their answers on MCF......lol

 

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5th Gear

I never understood how the COE system works.  I mean I don't even know how the bidding system works.

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Supersonic
37 minutes ago, Soya said:

So many experts here

Tink LTA shld juz get rid of the scholars n get all their answers on MCF......lol

 

It will definitely be a better tomorrow!

At least the roads will be better planned and constructed.

 

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Twincharged
(edited)
2 hours ago, Beehive3783 said:

The intention of COE has always been to be a revenue stream for the coffers. 

Whatever ideas anyone has, none will be taken up UNLESS it promises increased revenue to the coffers.

By cutting COE quota every quarter with unrelenting demand especially from taxis and PHVs, the revenue is literally begging to enter the coffers.

Short and sweet. High demand + low supply = high revenue

Is the above statement clear enough? :D

actually in this period, the amount collected from COE isnt high although the price of the coe is.

Edited by Mkl22
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Twincharged
13 minutes ago, Volvobrick said:

It will definitely be a better tomorrow!

At least the roads will be better planned and constructed.

 

Not too sure about that leh

Ppl will suggest extra wide roads for ppl w 3 kids how?......

 

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2nd Gear
1 hour ago, Jamesc said:

High COE is putting

back into our reserves.

:D

High COE is good for us.

High coe will be good like increasing GST. With all these extra revenue, govt can better support the poor. :D 

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Twincharged

Let me list the amount of money collected from COE over the last 10years.

Average from 2012-2021 is 3.86B/yr

2022: 3.93B (estimated)

2021: 3.22B

2020: 2.30B

2019: 2.42B

2018: 3.27B

2017: 5.98B

2016: 6.86B

2015: 5.41B

2014: 3.67B

2013: 2.76B

2012: 2.76B

 

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6th Gear
3 minutes ago, Mkl22 said:

Let me list the amount of money collected from COE over the last 10years.

Average from 2012-2021 is 3.86B/yr

2022: 3.93B (estimated)

2021: 3.22B

2020: 2.30B

2019: 2.42B

2018: 3.27B

2017: 5.98B

2016: 6.86B

2015: 5.41B

2014: 3.67B

2013: 2.76B

2012: 2.76B

 

wah....2016, got so much money? 

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Hypersonic
2 minutes ago, mikk123 said:

wah....2016, got so much money? 

Think all finished liao after investing heavily in Cecaland…

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6th Gear
18 minutes ago, Freeder said:

Think all finished liao after investing heavily in Cecaland…

oh...ic. No wonder lah. Time to collect more from this land. 

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Turbocharged
6 hours ago, Volvobrick said:

We will see massive under declaring of OMVs.....

All features will be stripped off then.😁
If owners want then optionally install aftermarket locally. 😅
 

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4 hours ago, Beehive3783 said:

The intention of COE has always been to be a revenue stream for the coffers. 

Whatever ideas anyone has, none will be taken up UNLESS it promises increased revenue to the coffers.

By cutting COE quota every quarter with unrelenting demand especially from taxis and PHVs, the revenue is literally begging to enter the coffers.

Short and sweet. High demand + low supply = high revenue

Is the above statement clear enough? :D

The intention of COE is always to control the population of the cars. If the main intention is for revenue, selling more COEs instead of controlling the number of COEs will generate more revenue. 

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Hypersonic

The best way to increase revenue

is to decrease supply.

Then people will have to pay more.

People buy cars when COE was 30k

and also buy cars at 100k

:D

Which one gets more revenue?

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Supersonic
16 minutes ago, DOBIEMKZ said:

All features will be stripped off then.😁
If owners want then optionally install aftermarket locally. 😅
 

Software Paywall lor! OMV 20k, pay another 30k after buying to activate electric mirrors, climate control, electric seats, headlights.... 

Of course some drivers will save and not pay for signal lights. 

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Turbocharged
1 minute ago, Volvobrick said:

Software Paywall lor! OMV 20k, pay another 30k after buying to activate electric mirrors, climate control, electric seats, headlights.... 

Of course some drivers will save and not pay for signal lights. 

Also imported with no carpets, no seats, no rims no tyres, and no steering wheel too.😁 Because all these items selling in many after-market shops locally.😄
Create business for them.

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15 hours ago, Jamesc said:

The best way to increase revenue

is to decrease supply.

Then people will have to pay more.

People buy cars when COE was 30k

and also buy cars at 100k

:D

Which one gets more revenue?

Having more and cheaper COEs doesn't mean the revenue will be less. For example, selling 500 COEs at $100K a piece ($50m) compared to selling 2,000 COEs at $60K a piece ($120m). Not to forget more cars on the road, more ERPs to be collected, fuel duties etc. That's if the intention is really just to generate revenue. Also what's stopping the Govt to issue more COEs and at the same time all COEs have a reserved price of at least $80K?

 

 

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