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08-03-2012, 06:09 PM
Probably it can breach $80,000 the next round? 
Business Times - 08 Mar 2012
Big car COE rises to $79,304 while others slip a little
Dealers say premiums would have been higher but for a glitch that slowed bidding
By VEN SREENIVASAN
DESPITE a technical glitch which, dealers say, prevented more applications from being submitted, Certificates of Entitlement (COE) premiums for big cars hit a new high at $79,304 in the latest bidding.
Meanwhile, those for small cars, Open Category and goods vehicles slipped slightly, but remained close to their recent highs.
While luxury brands and sellers with better margins aggressively bid for the Category B larger car COEs, the COEs for Category A, comprising sub-1,600 cc cars and taxis, slipped by $458 from the last bidding exercise to $56,551 this month.
The COEs for Category E or Open Category vehicles slipped $1,119 to $76,881.
The COEs for goods vehicles and buses (Category C) was $50,009, a $1,995 slide from February's second bidding exercise.
The latest numbers translated into a Prevailing Quota Premium of $57,009 for Cat A vehicles; $78,189 for Cat B; $52,004 for Cat C; and $78,000 for Cat E or Open Category.
Industry players said the COE premiums could have been even higher if not for a technical glitch which slowed down the bid submissions.
Still, aggressive bids from sellers of premium brands such as BMW, Mercedes Benz, Audi and others are believed to have boosted the Cat B COE to its peak.
Also in the mix were luxury car dealers, who represent brands such as Ferrari, Lamborghini and Porsche.
'Many of the premium brands, particularly the European premium marquees, command better margins due to the weaker euro,' explained Say Kwee Neng, the MD of Performance Motors which sells BMW cars. 'Also, some of these brands are imported by the principals themselves. And when these factors offer you a wider margin, you have a greater ability to bid aggressively for COEs. This will shift the equilibrium upwards.'
Volkswagen and Mercedes Benz are imported by their principals. In the case of VW, margins are further boosted by the fact that it is also the distributor of the cars here.
Meanwhile, BMW has just launched the latest version of its wildly popular 3-series. With a significant number of new models being launched in the coming months, few industry observers expect COEs to pull back anytime soon.
Business Times - 08 Mar 2012
Big car COE rises to $79,304 while others slip a little
Dealers say premiums would have been higher but for a glitch that slowed bidding
By VEN SREENIVASAN
DESPITE a technical glitch which, dealers say, prevented more applications from being submitted, Certificates of Entitlement (COE) premiums for big cars hit a new high at $79,304 in the latest bidding.
Meanwhile, those for small cars, Open Category and goods vehicles slipped slightly, but remained close to their recent highs.
While luxury brands and sellers with better margins aggressively bid for the Category B larger car COEs, the COEs for Category A, comprising sub-1,600 cc cars and taxis, slipped by $458 from the last bidding exercise to $56,551 this month.
The COEs for Category E or Open Category vehicles slipped $1,119 to $76,881.
The COEs for goods vehicles and buses (Category C) was $50,009, a $1,995 slide from February's second bidding exercise.
The latest numbers translated into a Prevailing Quota Premium of $57,009 for Cat A vehicles; $78,189 for Cat B; $52,004 for Cat C; and $78,000 for Cat E or Open Category.
Industry players said the COE premiums could have been even higher if not for a technical glitch which slowed down the bid submissions.
Still, aggressive bids from sellers of premium brands such as BMW, Mercedes Benz, Audi and others are believed to have boosted the Cat B COE to its peak.
Also in the mix were luxury car dealers, who represent brands such as Ferrari, Lamborghini and Porsche.
'Many of the premium brands, particularly the European premium marquees, command better margins due to the weaker euro,' explained Say Kwee Neng, the MD of Performance Motors which sells BMW cars. 'Also, some of these brands are imported by the principals themselves. And when these factors offer you a wider margin, you have a greater ability to bid aggressively for COEs. This will shift the equilibrium upwards.'
Volkswagen and Mercedes Benz are imported by their principals. In the case of VW, margins are further boosted by the fact that it is also the distributor of the cars here.
Meanwhile, BMW has just launched the latest version of its wildly popular 3-series. With a significant number of new models being launched in the coming months, few industry observers expect COEs to pull back anytime soon.
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