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  1. sgCarMart Quotz is Singapore's most reliable online car auction platform. For car owners who want to sell their cars to dealers, we take away the pain of going to multiple shops to ask for quotations. Car owners are able to obtain the highest offers for their cars through the sgCarMart Quotz bidding system which reaches out to over 500 used car dealers. Car owners only have to make a single trip down to the sgCarMart Quotz office. Hand-over date of the vehicle is flexible and on top of that, we offer the highest price guarantee that our final quotation is the highest price in the market. sgCarMart Quotz has been proven to derive higher value for sellers with success rates of more than 80% and multiple testimonies on its facebook page. We are also utilised by government agency such as National Environment Agency (NEA) to conduct vehicle auctions Call 6744 7571 for enquiries or to book an appointment. More info at www.quotz.com.sg
  2. What I notice when i go Merc/BMW/Audi showrroms is that their price on price list is so high but actually there is huge discounts almost all the time. For merc is often in the form of overtrade. So I thought I would share some discounts that I know. Of coz it is updated all the time so maybe the bros here can share what you have heard so it is easier for ppl to have an idea before heading down to the show room. I shall start first: CLA: 173,888, 8k overtrade and 3k service credit 520i business: 242,800, 10k overtrade E-class and S-class got 10k COE discount or high COE rebate at 76k VW Jetta: 118,800
  3. Do u all feel that with the shift in our attention towards rising coe prices, we have forgotten how crazy petrol prices have become? Are we getting used to rising petrol prices too?
  4. Hi, Just wonder, what do u guys think is the best ways to sell car so that I can fetch the highest price. Will some dealers able to match the price equivalent to selling direct? The problem about selling direct to buyers is the transaction of money, car test drive etc... Unwilling to part with my almost 3 yrs civic but my car is under utilised nowadays.
  5. I know we have a separate property thread, but IMO, this deserves a separate discussion. This area will be big, in size and impact.. https://www.tnp.sg/news/singapore/9000-housing-units-including-hdb-be-built-keppel-club-site https://www.channelnewsasia.com/news/singapore/ndr-2019-greater-southern-waterfront-pulau-brani-sentosa-keppel-11819376?cid=h3_referral_inarticlelinks_24082018_cna https://www.channelnewsasia.com/news/singapore/specific-measures-could-dampen-lottery-effect-of-public-housing-11825766 https://www.youtube.com/watch?v=y6xz58yCqGk
  6. Oh No!!! Our chicken rice price going to go up. Malaysia government to halt export of 3.6 million chickens a month until domestic prices stabilise https://www.channelnewsasia.com/asia/malaysia-halt-export-chicken-36-million-month-ismail-sabri-2701206?cid=internal_sharetool_androidphone_23052022_cna
  7. The ice cream saga sibeh power leh... BMW Mini Ice Cream Is Only For Foreigners, Stock Price Plummeted: The Loss Is Equivalent To 460 Million Ice Creams! At the Shanghai Auto Show, netizens broke the news that the staff at the BMW Mini booth refused to distribute ice cream to Chinese visitors, claiming that it was gone, but then not only gave ice cream to foreigners, but two girls also thoughtfully taught foreigners how to eat it. This kind of differential treatment caused dissatisfaction on the Internet. BMW officials later apologized, but did not quell the anger. This incident was not only fermented in China, but was even reported abroad. As a result, BMW shares fell 3%.The market value has evaporated by 2.16 billion euros, or about 16.3 billion yuan,It can be said that a box of ice cream caused a murder, and the loss was great. Many people have no idea about this loss, so it’s easy to understand if you switch to the Luneurs ice cream presented by BMW. The price of this store is not cheap, and a box costs 30 to 40 yuan.Some netizens calculated that the market value lost by BMW is enough to buy 460 million Luneurs ice cream, not to mention giving away a circle at the auto show, it is enough for BMW to invite 1/3 of the people in the country to eat ice cream. The store also issued a statement before, denying that the staff belonged to their family. “The Luneurs brand did not participate in any on-site operations of BMW’s Mini brand activities during the Shanghai Auto Show. We are only a supplier of ice cream products. The two people who appeared in the video The staff and their specific services are not our responsibility and have nothing to do with this brand.”
  8. This is a good start The bosses interviewed said the surcharge is similar to previous years and has not been significantly increased due to recent inflation.
  9. Took me quite some time to piece all the information together for this thread, which I have wanted to start a few months back. No right or wrong here, just some personal opinions on why I think the AD plays an important role in determining the resale value of the model sold by them. Feel free to share your thoughts (a forum is meant for members to engage in meaningful discussion, isn't it?) Many ADs has been playing hard to maintain the sales price of new car sold by them, citing reasons such as protecting customer's interest (by not having an unusually wide price fluctuation from month to month), guarantee a good resale value in the used car market (used car price is tagged almost directly to new car pricing), better service if buying the car from them directly, etc. But is that always the case? It is an open secret that when ADs are not able to meet their sales target, they will register the new car and sold it as used car through their used car division of even 3rd parties. I am using PML and Wearnes as an example below, to highlight the adverse effects of doing so. PML (BMW) With the new X3 priced from $302,888 (xDrive20i) / $308,888 (xDrive20i M-Sport) before over trade, the profit margin is between $68K to $71K, which is almost 150% of their respective OMV! Even after an generous O/T of say ~$30K, the net car price will still be around $270K to $280K. Yet PML would rather sell brand new unit at a much lower price (estimated to be ~$250K+) every month to used car dealers, only for it to be listed as used car, than to price it down to similar level for genuine buyers (direct PML customer). This is the screen grab I have taken from sgcarmart.com and the list is not exhaustive. You can even find pre-facelift X3, which was registered exactly a year ago, on the list (there are actually several units available, but the dealer don't want to give potential buyer the impression that they have to lelong the car in their inventory)! Based on the info I have, used car dealers got these units last year at just $200K thereabout, so they can continue to hold and wait (for uninformed buyer). So what does it got to do with resale value? Well, we all know that in a few years time, when the owner want to sell their ride, used car dealers will probably offer PARF + remaining COE value + another few $$$K for the body, and given the record breaking COE premium currently, the owner is likely to burn >$150K in just <5 years (buy at $280K, sell at $105K - $120K max. at 5th year). That's when some will KPKB that BMW has low resale value, nope? Wearnes (Volvo) Let look at the total number of V60 Cross Country and V90 Cross Country registered in the first 5 month of this year, 13 units in total. Want to make a guess how many of this units are sold as brand new used car? 1, 2 or 3? Well, I found 5 units listed on sgcarmart.com (I have reasons to believe there are more units available but not advertised - 'cos I saw at least another 1 - 2 units parked outside Wearnes Pre-Owned, probably management unit, which will eventually be sold as used car). That translate to ~40 to 50% of the new car sold as used. Reason for doing that? Having to meet sales quota without lowering the new car price. BTW, the profits for both model range from ~$67K to >$100K (before O/T), I will leave it to the readers to decide if that is reasonable for the brand. In the case of Volvo, it is a double whammy for the owners (be it brand new from Wearnes or brand new used car / management unit), as not only they are experiencing paper lost as what I have described above, with many used car in the market with transfer count of more than 1, the resale value will be further suppressed. One just need to browse the used car list on sgcarmart.com for the earlier model, and some can be had for ~$14K annual depreciation (in the current climate of $100K COE, so I cannot imagine when the COE return to $50K, these used car will have <$9K depreciation??) One particular unit of V60 Cross Country has been put up for sales for at least 2 months, with asking price of <$190K (for a 6 months old car) till the owner gave up and sell it to Eurokars Pre-Owned, so does that paint a picture that matches what I have written so far?
  10. SINGAPORE - Consumers hoping for used car bargains will likely have to wait longer to see prices easing. While used car prices have been rising along with certificate of entitlement (COE) premiums, industry players say there are early signs of the market weakening after large car COEs breached the $100,000 mark in June. However, dealers are unwilling to drop prices on cars they had bought when the market price was high. Dealers said they have been offering higher prices to buy over used cars as the supply of used cars from new car trade-ins falls. This, in turn, translates into higher resale prices, which benefits sellers. Depreciation value reflects the basic cost of owning a car when comparing its purchase price with what it is worth at the end of its COE lifespan. In June this year, an owner of a 2018 Volkswagen Golf was offered $5,800 more than what the car was worth just three months ago by dealers on Quotz, an online bidding platform. The biggest source of used cars are trade-ins that come with new car purchases. But dealers have been going directly to owners to source for used cars, as new car registrations have fallen significantly during the current period of tight COE supply. In the first six months of 2022, there were 16,567 new car registrations, down 35.7 per cent from the 25,777 registrations seen in the same period in 2021. While fewer new cars were sold, used car transactions have been stable, with 47,480 recorded in the first six months of this year, a 1.4 per cent dip from the 48,173 seen in 2021. Since January, used cars have been selling faster than they did a year ago. At a major used car dealership, it takes less than 30 days for a car to leave its lot. In 2021, the average duration was 60 days. This suggests that more consumers are shifting to the used car market as new cars become increasingly more expensive due to rising COE prices. Dealers seem more hesitant to make higher offers for used cars as COE premiums continue to rise. Dealers are also concerned about whether buyers would be able to accept the higher used car prices. They are also wary of the risk of being caught with overly expensive cars, should COE premiums fall. This is a likely explanation for the stock situation at Sgcarmart, which is the most established player among online used car marketplaces, with more than a thousand dealers. On average, 7,000 to 8,000 used car listings are added to the portal monthly. However, its spokesman said the overall stock of cars has come down slightly since June. That is to say, its dealers are not replenishing their stock of cars as quickly as they are sold. Mr Raymond Tang, honorary secretary of the Singapore Vehicle Traders Association, said dealers may be becoming more selective about the cars they want to sell and how much they are willing to pay for them, following a rush for stock to meet strong demand in the earlier part of the year. https://www.straitstimes.com/singapore/transport/used-car-prices-expected-to-stay-high-for-the-rest-of-2022 Used values of some car models may have also become too inflated to be resold easily, he added. Hence, some dealers are adjusting their valuation when making offers. Demand may also be starting to taper following record-breaking COE premiums. At the latest tender exercise that ended on July 20, the price of an Open category COE was $114,001 while the category for large cars was priced at $110,003. A salesman who has been in the trade for more than 20 years said showrooms for used cars at Automobile Megamart in Ubi have been much quieter in recent weekends. While used car prices rise quickly with new car prices, they tend to lag behind when the opposite happens. Industry watchers say it is unlikely for used car prices to come down in the near future - at least not for a while.
  11. A moment of silence for $2 Daiso. According to Singapore Atrium Sale, Daiso Singapore will be adjusting its price from 1st May 2o22 onwards to include GST. This means items will no longer be priced at $2 but at an awkward $2.14. Time to do your shopping at Daiso before the price hike.
  12. https://www.asiaone.com/lifestyle/buying-car-you-need-be-earning-least-8850-first?utm_medium=Social&utm_source=Facebook&fbclid=IwAR1--IIChlz5jayZDU3Ye6xp5AvpjFScyOe0Lzae5eaholn3gXRyGx47etg#Echobox=1648628907
  13. Hi bros here. Some noobie question to ask about car price after the 80k coe yesterday Sgcarmart updated skoda price to price without coe. Coincidentally I have noticed some other dealers list car prices without coe as well. May I know how does this work and wads the rationale behind this? High coe so hide the coe? Means buyer bid for own coe? Or dun want list price with coe to frighten off buyers? Not lookin to buy a car at this crazy amount but am puzzled how this works and appreciate if you can help a noob out
  14. Hi can anyone help to enlighten me why is the price increment for the SS range so drastic just curious.. was looking at price trends for Tivoli and think its been constant This is the latest price list from sgcarmart there is an almost 80k increase for Tivoli rexton is now at 298k,u can buy the new Defender with this price Pricing scheme or? for discussion,also attached price list 20aug to 9 sep vs 4 sep to 24 sep for reference/comparison https://www.sgcarmart.com/new_cars/newcars_adpage.php?Make=Ssangyong
  15. Just heard the news on radio. Esso/Mobil upped the pump price today. Better fill up before the rest follow...
  16. Pump prices mostly up 3 cents in Singapore after killing of Iran top general source: https://www.straitstimes.com/singapore/transport/pump-prices-up-3-cents-after-killing-of-iran-top-general?xtor=CS3-18&utm_source=STiPhone&utm_medium=share&utm_term=2020-01-08 8%3A01%3A29 SINGAPORE - Most petrol pump prices here have risen by three cents a litre to yet another record high in the latest fallout from the assassination of Iranian military leader Qassem Soleimani by United States forces last week. A litre of petrol at major fuel retailers here now costs $2.34 for 92-octane grade, $2.38 for 95-octane and $2.77 for 98. Diesel is $1.99 a litre. Caltex's 98 with Techron is $2.80, while Shell's V-Power is $2.94. All prices are before discounts. Caltex raised its prices on Tuesday (Jan 7), while Shell raised its prices on Monday. SPC was the only major player to resist the latest hike, with its prices remaining unchanged as of Tuesday afternoon. Observers said that while the killing of Major-General Soleimani had made the market more volatile, crude prices had already been climbing before his death. Fuelled by a thaw in the US-China trade war and ongoing supply cuts from major oil producers, Brent crude ended 2019 at a four-month high of US$66 a barrel. Brent has since risen further, ending at US$68.91 on Monday. The current volatility is also attributable to uncertainty over how Iran will respond to the killing. Many Iranian leaders have warned of reprisals. But oil industry consultant Ong Eng Tong reckons oil prices will rise, as Iran is likely to retaliate, and that would in turn ignite US sanctions, which will drive oil prices higher. The last time pump prices went up was just before Christmas, when rates moved up by three cents a litre. Compared with 18 months ago, pump prices have climbed seven cents.
  17. https://www.sgcarmart.com/new_cars/newcars_overview.php?CarCode=11503 Like take Honda Vezel. Does the $92k include COE? What are the other costs we need to look out for in a new car purchase?
  18. i was quoted, 150! is it chop carrot head price?
  19. Hi, The subject says it all. Thanks. Don't mind selling it as scrape metal as well. It's meant for Toyota Sienta
  20. Many people say Toyota no longer offers value for money cars in Singapore. Its expensive, not worth it, old fashion specs etc For the money you are paying to buy a Vios with drums brakes, no leather seats, manual aircon, missing DRL, you might as well buy a Korean car. It has better trim level and is much cheaper. In my view the reason why the local agent priced it higher is because the brand is associated with reliability. You may hear people saying Korean cars are just as reliable but the Kia and Hyundai are still one notch below Toyota. Their selling point is they offer better interior design, more features such as wireless HP charging, rear aircon. However not everyone is impressed with these type of stuff. The more stuff the car has, the higher the chances of it breaking down and electronic stuff is usually 1 yr warranty only. What are your views?
  21. Price of wedding tables hits new high http://www.straitstimes.com/singapore/price-of-wedding-tables-hits-new-high Wooohooooo! Most Expensive City rocks! I'm really worried for our future generations.
  22. lai lai lai... we are 1/3 into the month of May. Oil price has risen to new heights.... so will the greedy petrol cartel raise fuel price in May?
  23. http://www.straitstimes.com/singapore/transport/grab-uber-deal-sparks-fears-of-price-hike Grab-Uber deal sparks fears of price hike Consumers and industry watchers are raising concerns that Grab's acquisition of Uber's South-east Asian business will lead to higher fares.PHOTO: ST FILE PublishedMar 26, 2018, 10:38 pm SGT Christopher Tan Senior Transport Correspondent [email protected] Zhaki Abdullah [email protected] SINGAPORE - Consumers and industry watchers are raising concerns that ride-hailing firm Grab's acquisition of rival Uber's South-east Asian business will reduce competition and lead to higher fares. Ms Zhang Bin Bin, who takes both Grab and Uber rides, is unsure how fares will change now that "competition is minimised". "If prices increase or if they match regular taxi prices, I will probably go back to public transport," said the film-maker, 23. Freelance photographer Robin Choo, 27, had the same concerns. "If prices for rides booked through Grab were to rise, I think I will have reconsider my travel options," he said. Drivers interviewed raised concerns about their incentives and commission rates. Private-hire drivers pay about 20 per cent of each fare to their operators. Mr Ken Tan, 45, is concerned about how the move might affect his earnings. While he has driven for both Uber and Grab, he said he was able to earn more driving for Uber due to the better driver incentives. Drivers now no longer have the option of choosing another operator if they are dissatisfied with their current firm, he said. Mr Thanaraj Suppiah, 36, who has been driving full-time for Uber since last June, said: "I will have to see how well Grab takes care of drivers." Mr Ang Hin Kee, executive adviser to the National Taxi Association as well as the National Private Hire Vehicles Association, said consumers and drivers need more choices, not fewer. Nonetheless, if the merger is approved here, he hopes that end users will be better off. "With potentially lower cost of operations via lower staff overheads and less spending on advertisement, the new entity can focus on delivering better terms for drivers and commuters," he said. "But if it infringes on commuter and driver interests, I hope the regulators can steer it back on track." Singapore University of Social Sciences senior lecturer and transport economist Walter Theseira said regulators can do one of two things to ensure that the market remains equitable for all parties. One is to have a dominant player which is well regulated. The other is to have multiple players and let natural competition keep them in check. "My personal view is that there has to be first of all, evidence that market size leads to efficiency," he said. "Secondly, there must be an appropriate lever to ensure that an enlarged player does not abuse its power." Meanwhile, consumers do not seem too worried that Grab - with its ambitions of becoming a major player in the food, payment and loan sectors - would have access to information on how they travel, eat and spend. "With the Government's cashless drive, consumers like myself will have to face the fact that my data is being collected," Mr Choo said. "My concern lies with how secure my data is." Said Ms Zhang: "I am quite indifferent to that... since many apps or even devices are already collecting such data." Grab Singapore head Lim Kell Jay said: "We have always cared about our customers' well-being and as a start, we will immediately extend our free personal accident insurance policy to all new interested Uber drivers and riders who choose to be part of our platform. "We expect our combined operations to create a better experience for our community of drivers and passengers... we expect to see shorter wait times and faster pick-ups. This would mean better productivity for our drivers, and better reliability for our passengers."
  24. Hi, Would like to check who has recently booked the ES250 and what is the price it is negotiable up to. Thanks!
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