COE Quota to shrink between 10 to 20 percent

In ST today.........COE quota is expected to shrink between 10% to 20% from Oct onwards......this is due to fewer cars being scrapped in the last 6 months (Jan-Jun)....and that's not all, quota could be further squeezed when a new way of calculating each year quota is adopted, after a review of the formula by the LTA......the supply of COE for this FY is already 24% smaller than last FY......

Motor traders expect COE prices to continue to rise........

The highest COE price of 104K was recorded in late 1997 (or was it early 1998)......will the record be broken with the reduced COE quota and if our economy can really rocket up ?

I think nw alrdy quite a lot of ppl hold back their plans on buying car liao.

If hit 30k i think the SEs will eat grass alrdy.
Dun even dare to tink about 100k....

i tink mostly will only raise to 20k to 30k lor.. every tink is raising. fuel price, ERP, etc.. if paying for e car insurance itslf cost 700 to 800. ppl like me will nt b able to afford liao

Fewer cars being scrapped for past few years was due many pp go for 10 years loan and little downpayment. Like that how to scrap and have to drive till 10 years. Because still own bank money if car loan is 10 years.

jl1500k wrote:Fewer cars being scrapped for past few years was due many pp go for 10 years loan and little downpayment. Like that how to scrap and have to drive till 10 years. Because still own bank money if car loan is 10 years.

Thats why I think COE quota will continue to shrink.......

What goes up must come down!!!
Yes!!! It will raise for a while and will eventually down to a saturation point.

Korean wrote:What goes up must come down!!!
Yes!!! It will raise for a while and will eventually down to a saturation point.

Wow must come down! unless you can control the COE lor....

Wah.... eventually is how gov want to control.. COE is just 1 avenue.. bear in mind that gov is persuading people to use public transport.. so... good luck to us all...

COE one avenue? I think is one big revenue.
haha.

cannot persuade me lah, take public transport way too cramp.

frequency is too long, they can never do under 2 mins for each interval of train to come.

very bad planning... why build circle line to fit only yesterday's population? 3 carriages is a joke. when the whole circle line opens we will see how crowded it will be again.

anyway lots of us got cheap COE, so good on us!

FriesL wrote:Wah.... eventually is how gov want to control.. COE is just 1 avenue.. bear in mind that gov is persuading people to use public transport.. so... good luck to us all...

Public transport? No way bro..keke...got sick and tired of it liao..before i hv my Forte, i tk public transport and that was hell! Everyday have to rush for time and squeeze for space with other people in bus or MRT!! Moreover still hv to stand throughout the journey!Rainy days even worse..
got car different story liao..even if jam also nvm..can sit in the car and listen to music..songz songz..keke

saturnz^83 wrote:

FriesL wrote:Wah.... eventually is how gov want to control.. COE is just 1 avenue.. bear in mind that gov is persuading people to use public transport.. so... good luck to us all...

Public transport? No way bro..keke...got sick and tired of it liao..before i hv my Forte, i tk public transport and that was hell! Everyday have to rush for time and squeeze for space with other people in bus or MRT!! Moreover still hv to stand throughout the journey!Rainy days even worse..
got car different story liao..even if jam also nvm..can sit in the car and listen to music..songz songz..keke

You guys are very fortunate lor can effort a car. There are many pp out there taking the world class public transport.

I believe many pp who start own car will never go back to public transport. Because of the luxury and poison by the car.

jl1500k wrote:

saturnz^83 wrote:

FriesL wrote:Wah.... eventually is how gov want to control.. COE is just 1 avenue.. bear in mind that gov is persuading people to use public transport.. so... good luck to us all...

Public transport? No way bro..keke...got sick and tired of it liao..before i hv my Forte, i tk public transport and that was hell! Everyday have to rush for time and squeeze for space with other people in bus or MRT!! Moreover still hv to stand throughout the journey!Rainy days even worse..
got car different story liao..even if jam also nvm..can sit in the car and listen to music..songz songz..keke

You guys are very fortunate lor can effort a car. There are many pp out there taking the world class public transport.

I believe many pp who start own car will never go back to public transport. Because of the luxury and poison by the car.

I sold my previous vehicle and took pubic transport for 3years plus coz I don't need a car and I was single then. Now got wife and work requirements, wanted a cheap car and Forte juz happen to be released, just nice the COE also quite low. Nice looks, cheap on the pocket and good features with decent FC.

Alot of PI will be forced out of biz by the goverment next COE quota cut. Maybe the goverment got something going on with the major car importers .

Whats your guys prediction on the COE prices for the rest of the 2009? Will COE drop significantly in the 7th lunar month? hmmmmm

Look ard, can see lots of Lambo, Porc, hi end cars on the road. The Rich will just bids n pay without blinking, limited COE mean working class more jialat n wait longlong. IMHO Cat A, B n Open will see $30K - $40k n $50K if the Stock mart conti to chiong !!!

thinking that the COE will go up up up very much more when the cut comes in in Sept and Oct......

COE qouta cut and price rise is going to hurt "cheap" cars like korea cars sales because their market segment target pple who are liking not going to buy cars due to raising coe price...

Forte sales is going to lose stream going forward.

the reverse may be true.....
the base cost will still be low.... say 41k (base model)
when coe was 0, cost 41k
when coe is 15k, cost is 47k
so total cost will go up when coe increase but not proportional....
so lets say coe = 30k, cost maybe = 54k
i think a lot of ppl will see forte still as a good and sensible buy....

not true.

remember last year when the market crashed?

cheap and small cars sales actually peak. people even were looking at Chinese cars.

people just want value for money.

say if I have only 60k to spare, i will only look within my mean.

lukester wrote:not true.

remember last year when the market crashed?

cheap and small cars sales actually peak. people even were looking at Chinese cars.

people just want value for money.

say if I have only 60k to spare, i will only look within my mean.

luke, u have 60K to spare.... need any help spending it?

hypothetical bro.

now in debt ley, owe Maybank money need to pay every month.

95.8 Chinese news just reported that car dealers or most feel that COE will shoot cross 20K mark in the coming bids.

yeah.. >20K is terrible... lets see...

koayst wrote:95.8 Chinese news just reported that car dealers or most feel that COE will shoot cross 20K mark in the coming bids.

After news spread or pp start to speculate around regard the COE quota cut in Oct will make pp panic and rush to buy. So during september time i belive COE may hit above 20K. Maybe in Dec 09 drop to $2 and repeat the whole cycle again.

shrink lor... who can't afford it?

koayst wrote:95.8 Chinese news just reported that car dealers or most feel that COE will shoot cross 20K mark in the coming bids.

with the latest announcement by LTA yesterday, I'll not be surprised at all if the COE shoot across the 20K mark maybe in the next few bidding but my guess is that the crossing of the 20K mark will not be in the next bidding coz judging from the big drop in number of bids received in the last COE bidding (which means there are very little backlog of unsuccessful bidders) and furthermore the next bidding date is just too near for AD to collect large number of booking. Juz my guess ok.......

saturnz^83 wrote:

FriesL wrote:Wah.... eventually is how gov want to control.. COE is just 1 avenue.. bear in mind that gov is persuading people to use public transport.. so... good luck to us all...

Public transport? No way bro..keke...got sick and tired of it liao..before i hv my Forte, i tk public transport and that was hell! Everyday have to rush for time and squeeze for space with other people in bus or MRT!! Moreover still hv to stand throughout the journey!Rainy days even worse..
got car different story liao..even if jam also nvm..can sit in the car and listen to music..songz songz..keke

I have been long long long time never take bus liao ! I have tried once when the car went for 4 days re-painting 10 year ago and end up MC on alternative day due to bus sick aka vomiting .