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This is why no cheap COE for you in future


Mockngbrd
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this phenomenon only proves that there will not be early scrapping of cars. BUT there WILL be on-time scrapping of these cars.

 

no uber/grabcar operator will renew COEs for these cars.

 

the big deregistration numbers will still come.. just not earlier.

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Even those uber operator buy over those 9-10 year old cars, but these cars ultimately will still be scrapped, so where got affected?!

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Turbocharged

this phenomenon only proves that there will not be early scrapping of cars. BUT there WILL be on-time scrapping of these cars.

 

no uber/grabcar operator will renew COEs for these cars.

 

the big deregistration numbers will still come.. just not earlier.

 

didn't they say something like this happening last year, that's why the 2015 tidal wave never arrive

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According to the Land Transport Authority (LTA), car deregistrations slowed to 5,191 last month, 16 percent lower than July's figure and the second-lowest figure this year. Motor industry players were expecting more cars taken off the road as their Certificates of Entitlement (COE) reach expiry at the end of the 10th year.

 

Above sentence does seems to imply that the cars have already gone past their 10 years without being scrapped.

 

Grabtaxi just got bigass additional funding now flush with $$$. Buying cars at scrap value and tossing in a 5yr COE prob. makes more sense than buying new.

 

http://sbr.com.sg/source/e27/grabtaxi-scores-8-figure-sum-funding-singapore%E2%80%99s-vertex-venture-holdings

 

https://sg.news.yahoo.com/taxi-booking-app-grabtaxi-raises-350-million-fresh-172147193.html

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didn't they say something like this happening last year, that's why the 2015 tidal wave never arrive

 

they were expecting early scrapping. but not anymore.

 

all COEs will be maxed out..

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Even those uber operator buy over those 9-10 year old cars, but these cars ultimately will still be scrapped, so where got affected?!

 

So? They will eventually have to keep buying cars to either stay stable or expand what.

Of course there will be market equilibrium after a while, but this means 2500 COEs in the hands of these operators.

 

U think they will not get new vehicles if their business model works?

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those holding on to 6-7 year old cars will be happy... their cars will be worth 'market value' rather than "paper+ body" in two years time..

 

coz uber/grabcar companies will have to pay more for these cars...

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those holding on to 6-7 year old cars will be happy... their cars will be worth 'market value' rather than "paper+ body" in two years time..

 

coz uber/grabcar companies will have to pay more for these cars...

Does Uber look at the model types? Or anything just grab? QQ? Hehe...

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Pity the taxi drivers out there, spend so much effort to pass the vocational license only to get more competition from those without license.....

Can't beat them join them lo

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Old cars from the boomer years being renewed and then scrapped after 5 years during the "lean" years might help to smooth out the COE cycle. Maybe not alot but help abit. Good for us in the long run. We should have learnt the lesson.

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Pity the taxi drivers out there, spend so much effort to pass the vocational license only to get more competition from those without license.....

A lot of Taxi drivers got attitude.

 

With Uber X, I feel like taking limo service.

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