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COE Bidding 1st - July 2013

Vitaminc1231

By Vitaminc1231,
in General Car Discussion

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What is your take this time?  

57 members have voted

  1. 1. Cat A

    • Will Increase
      36
    • Will Decrease
      21

  2. 2. Cat B

    • Will Increase
      37
    • Will Decrease
      20

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Vitaminc1231

Vitaminc1231

2nd Gear

Bidding will end tomorrow, 03/07/2013 16:00 hrs.

 

Quota for A is 338 (Last Quota 342, Last bidding - $69,903, Total Bid 788)

Quota for B is 331 (Last Quota 305, Last bidding - $81,751, Total Bid 734)

Quota for E is 288 (Last Quota 251, Last bidding - $83,001, Total Bid 466)

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Chucky2007

Chucky2007

Turbocharged

Is this confirmed? Didn't see any news on this yet...

They have to increase. The current 300pcs of Coe is based on 0.5% total car population growth. Around 30000pcs of Coe have expired for first half 2013, around 6000 used cars snapped up. Not sure how much of these 30000 Coe has been renewed but think no one is stupid enough to renew a 10 year old car at 60-70k Coe. Lets say got 15k pcs of Coe got renewed. If the remaining 15k pcs not renewed and recycled into car population, LTA will have negative growth instead of 0.5% growth... And more and more Coe is expiring starting this year.

 

So u do the maths and guess base on the evidence.

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Cluboxed

Cluboxed

1st Gear

They have to increase. The current 300pcs of Coe is based on 0.5% total car population growth. Around 30000pcs of Coe have expired for first half 2013, around 6000 used cars snapped up. Not sure how much of these 30000 Coe has been renewed but think no one is stupid enough to renew a 10 year old car at 60-70k Coe. Lets say got 15k pcs of Coe got renewed. If the remaining 15k pcs not renewed and recycled into car population, LTA will have negative growth instead of 0.5% growth... And more and more Coe is expiring starting this year.

 

So u do the maths and guess base on the evidence.

 

as of 1 jan 2013, only 8000+ due for scrappage...the 30000+ is due in 2014...

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Akula

Akula

Turbocharged

Dun really see it coming down, should hover at current levels, after the buying to beat the CEVS surcharge?

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Bc75

Bc75

1st Gear

This month COE level should remain similar to last bidding as quota is still low like last bidding. Month of Aug should see COE decline as quota from Aug13-Jan14 is expected to increase. From LTA stats, there should be about 3000 more quota for Cat A + B due to more de-registration from Jan13-Jun13.

 

With about 500 more quota for Cat A + B per month, should see like 30% COE price reduction. COE should come down to around 50k from Aug13-Jan14.

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Vitaminc1231

Vitaminc1231

2nd Gear
  • Author

This month COE level should remain similar to last bidding as quota is still low like last bidding. Month of Aug should see COE decline as quota from Aug13-Jan14 is expected to increase. From LTA stats, there should be about 3000 more quota for Cat A + B due to more de-registration from Jan13-Jun13.

 

With about 500 more quota for Cat A + B per month, should see like 30% COE price reduction. COE should come down to around 50k from Aug13-Jan14.

 

Actually is that a must for LTA to flow back all the deregistered COE into market? As in I don't think it's a black and white stated anywhere right?

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Dark

Dark

5th Gear

Actually is that a must for LTA to flow back all the deregistered COE into market? As in I don't think it's a black and white stated anywhere right?

 

It's in the formula that they apply religiously every month until the minister say something.

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13177

13177

Supersonic

as of 1 jan 2013, only 8000+ due for scrappage...the 30000+ is due in 2014...

30000+ due to scrap in 2014? Consider quite a high number!

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Oblong

Oblong

3rd Gear

30 000+ supply projected in 2014.

But it will also be ~30k demand?

Unless inside this 30k, there are several multi-car owners and decide to forego such?

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Yourboss

Yourboss

5th Gear

It should come down with the introduction of the Debt servicing framework from MAS on 28 June 2013. Though I didn't read the details, it seemed that the loan will be applied based on the individual's portfolio, not just property.

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