COE and Car Prices

[egghead]

Is there any other government that does not interfere? I can start by quoting US interfering big time with the QEs...

[LionFlyer]

COE bidding results are out. CAT B COE's have crashed.

http://www.onemotoring.com.sg/1m/coe/coeDetail.html


Category Current COE Price ($) Quota Bids Received
A CAR (1600CC & BELOW) 74,689 336 1,180
B CAR (ABOVE 1600CC) 58,090 326 1,028
C GOODS VEHICLE & BUS 53,900 225 374
D MOTORCYCLE 1,895 510 669
E OPEN 65,001 255 1,036

edit:

Looks like a lot of people speculating this round. More than 1k bids for A, B and E categories.

[viruskbs]

I was one of them. the speculators.

just a trivia question. Can i buy CAT A car with a CAT B COE.

[Musicwhiz]

The middle-class dream of owning a car is fast turning into a middle-class nightmare. Not only did Cat A not crash, but the demand for it is also very high. Could be due to pent-up demand and backlog of orders though, so let's wait and see.

[CityFarmer]

I was one of them. the speculators.

just a trivia question. Can i buy CAT A car with a CAT B COE.

A short answer is NO.

A slightly longer answer is you can buy Cat A or Cat B car with Cat E's COE

[thefarside]

Likely will continue to decline, my guess is it will bottom out around 30-40k first, but may decline further as people find it difficult to change car via the trade in route because the used car market has cratered. If it gets down to 20-30k levels you will see start to people with 2006-2007 cars starting to scrap at paper and coming into the market to buy new.

At that level (20-30k COE) the used car market will be a smoking ruin and all excesses of the past few years will be cleaned out of the system...

Those with cash and want to buy car can start to offer export value + few k profit for Cat B cars at dealers, 2008 and late 2009 / early 2010 models... avoid early 2009 cars because of very low COE paper. Those with weak hands will probably fold.

Export value = Prevailing PARF Rebate + Unused COE Rebate + x% of OMV

[LionFlyer]

The middle-class dream of owning a car is fast turning into a middle-class nightmare. Not only did Cat A not crash, but the demand for it is also very high. Could be due to pent-up demand and backlog of orders though, so let's wait and see.

I think the demand seen in this round is artificial due to speculation. Having gone through this round, I think the second and third round will be more indicative of the direction with fresh buyers taking cue from this one.

[viruskbs]

I think may parties were sitting on the sidelines & waiting which direction the market will turn. Cat A going above cat B & cat E does not make sense.
Next time I think that with more people bidding for cat E than cat A & also with cat B catching upto cat A so that the prices in all 3 cats will be almost similar.

[Greenrookie]

My fear is confirmed, the Coe for big cars is falling at the expense of smaller cars due to the high tax on luxury cars. Again, the worst hit will be the sandwiched class, slap with high upfront payment without the fall in overall purchase policy. Bad implentation of a sound policy. If the change the category by omv, maybe it will be better. I believe downgraders are swooping ex 1.6 l volk or ford, crowding ppl like me who are willing to settle for VIos or Korean cars!! Angry!!

[paullow]

Likely will continue to decline, my guess is it will bottom out around 30-40k first, but may decline further as people find it difficult to change car via the trade in route because the used car market has cratered. If it gets down to 20-30k levels you will see start to people with 2006-2007 cars starting to scrap at paper and coming into the market to buy new.

At that level (20-30k COE) the used car market will be a smoking ruin and all excesses of the past few years will be cleaned out of the system...

Those with cash and want to buy car can start to offer export value + few k profit for Cat B cars at dealers, 2008 and late 2009 / early 2010 models... avoid early 2009 cars because of very low COE paper. Those with weak hands will probably fold.

Export value = Prevailing PARF Rebate + Unused COE Rebate + x% of OMV

hi, in ur view, roughly when will the coe bottom out?