COE supply to raise after 7-yr slide -ST 8.4.14

[opmi]

Waiting to see effects on COE prices when big COE supply meets 50% financing.

[brattzz]

hope COE price will come down soon!

[Freenasi]

I m waiting to get a new car when the price drops. Personally i can leave without a car but wife prefers to have and sometime I fetch mother around. Buy I reckon Coe price will not fall that much as population continue to increase and many rich new citizens got spending power.

[valuebuddies]

Don't know if I am lucky, I have a wife that don't encourage me owning car, though I have been grumbling and mumbling all the time... Well my wife and I do share the same view - wealth accumulation and early retirement, but it would be nice for me to own a used weekend car when COE comes down.

[greengiraffe]

http://www.businesstimes.com.sg/transpor...gger-quota

Car COE premiums flat ahead of bigger quota
Premium for commercial vehicles, however, rises by S$3,611 to S$61,000

By
Samuel Eesamuelee@sph.com.sg
258344957.jpg PREMIUMS for passenger car COEs (certificates of entitlement) hardly budged in Thursday's final bidding exercise, ahead of next month's new and bigger quota. PHOTO: SPH
24 Oct5:50 AM
Singapore

PREMIUMS for passenger car COEs (certificates of entitlement) hardly budged in Thursday's final bidding exercise, ahead of next month's new and bigger quota. Category A - for cars below 1,600cc and 130 hp - inched up S$110 to S$63,990, while Cat B - for cars above 1,600cc or 130 hp - slipped S$178 to S$72,002.

Cat E - the open category which currently tracks Cat B - climbed S$198 to S$72,201. But Cat C - for goods vehicles - jumped S$3,611 to S$61,000, as Cat D - for motorcycles - eased S$388 to S$4,412.

The sales manager of a Japanese dealership said that there was little change in car COE premiums because distributors may be moderating their bids in anticipation of the supply increase.

The government announced last week that the November 2014 to January 2015 COE quota would be 5.3 per cent larger. In particular, Cat A enjoys a 22.1 per cent increase over the current August to October 2014 quota or an extra 253 COEs each month.

Cat B expands by 12.7 per cent or 128 more COEs, while Cat E has 10.3 per cent extra per month.

The sales manager added that the reaction to the quota announcement was mixed, with some showrooms in the Leng Kee Road motor belt slightly busier but not others.

"Prospective buyers probably want to see premiums fall first before they come in to buy," he said.

But the upcoming quota will certainly be bad news for commercial vehicle buyers. Cat C is going to be cut by a massive 45.2 per cent from 515 to 282 COEs a month due to the success of the Early Turnover Scheme (ETS).

Under ETS, the owner of an existing goods vehicle does not have to bid for a COE. Instead, a pro-rated COE is paid, based on the prevailing quota premium. This means each new vehicle registered under ETS reduces the number of COEs available in the next quota.

The sales manager said that with higher Cat C premiums, new buyers or those with vehicles not old enough to benefit from ETS will be hit hardest. "The commercial vehicle COE now costs almost as much as a passenger car COE. Some people can't accept that," he added.

Analyse historical COE data with The Business Times' interactive tool at http://btd.sg/coetrack

[opmi]

^^ govt should close the loophole of people setting up dummy companies/Sole proprietorship to buy commercial for personal use. Just make them show IRAS NOA before they can bid. Or make them do statutory declaration at LTA then 'kill chicken to warn monkey'.

If not, the demand for personal cars will seep to low end commercial vehicle demand. Then raising Tpt costs for real businesses. Break this feedback loop.



Sent from my iPhone using Tapatalk

[greengiraffe]

Its the population growth and affluence... stupid...

http://www.businesstimes.com.sg/transpor...gger-quota

Car COE premiums expected to rise despite bigger quota
By
Samuel Eesamuelee@sph.com.sg
COE051114.jpg Higher demand could push certificate of entitlement (COE) premiums up on Wednesday despite the new and bigger COE quota for passenger cars. PHOTO: ST
5 Nov5:50 AM
Singapore

HIGHER demand could push certificate of entitlement (COE) premiums up on Wednesday despite the new and bigger COE quota for passenger cars. But news of the increase in COE supply does not seem to have benefited everyone in the car market, and only those manufacturers with

[greengiraffe]

http://www.businesstimes.com.sg/transpor...g-exercise

COE premiums mostly higher in latest bidding exercise
By
Nisha Ramchandaninishar@sph.com.sg@Nisha_BT
BT_20141120_NRCOE20_1375704.jpg The COE premium for goods vehicles and buses gained another S$1,300 to hit S$65,001, an increase of more than S$15,000 since Sept 17.
20 Nov5:50 AM
Singapore

CERTIFICATE of entitlement (COE) premiums were mostly higher in the latest bidding exercise on Wednesday, with the exception of the motorcycle category, where the premium dipped.

The COE for Category A, for cars up to 1,600cc and 97 kW, rose from S$64,900 to S$67,889, while that of Category B (for cars above 1,600cc or 97kW) increased from S$70,890 to S$72,890.

The premium for the open category rose from S$71,300 to S$73,900, while the premium for goods vehicles and buses climbed from S$63,701 to S$65,001.

The premium for motorcycles dropped to S$4,189 from S$4,290 previously.

Ron Lim, the general manager of Tan Chong Motor sales, said the figures from the latest round of bidding surprised on the upside.

"Basically, the market seems to be slowing down, but some dealers are probably getting aggressive in their bids," he said, adding that this could be due to the need to meet year-end numbers or commitments to their principals.

On the other hand, there is some hesitation on the part of buyers, as prices jump up in each round of bidding.

"It doesn't augur well for general consumers. Deregistrations are creeping up. There will be a lot of replacement demand," he added.

The COE premium for goods vehicles and buses gaining another S$1,300 to hit S$65,001 represents an increase of more than S$15,000 since Sept 17, when the premium for this category stood at S$49,889.

For the current quota, the numbers in Cat C (for goods vehicles and buses) were cut by a sizeable 45.2 per cent due to the success of the Early Turnover Scheme (ETS).

Under ETS, the owner of an existing goods vehicle does not have to bid for a COE but instead pays a pro-rated COE based on the prevailing quota premium. But every new vehicle registered under ETS means there will be one fewer COE available in the next quota.

The demand from those not eligible for ETS is causing upward pressure on Cat C premiums, Mr Lim pointed out.

"The quota is simply too little."

The current Cat C premium of S$65,001 at this point, however, is still below the level of roughly a year ago; back in October 2013, it shot past S$76,300.

The Land Transport Authority (LTA) received a total of 3,075 bids at the end of Wednesday's round of bidding. Of these, 1,973 were successful.

Analyse historical COE data with The Business Times' interactive tool at http://btd.sg/coetrack

[greengiraffe]

My Take: COE unlikely to even reach below 55k once the cycle bottom out...

COE premiums higher across the board
Dealers had expected SPH's TheCars@Expo sales event to boost COE prices

By
Samuel Eesamuelee@sph.com.sg
MORE
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COE premiums up except for goods vehicle category
Daily Debrief: What Happened Today
 346739432313.jpg About 800 cars were snapped up at Cars@Expo, attracting 150,000 visitors. PHOTO: SPH CATS
NOV 19, 20155:50 AM
Singapore

AS expected, certificate of entitlement (COE) premiums rose strongly in Wednesday's bidding exercise, with most dealers having reported good sales during the two-week period since the previous tender.

All categories were higher across the board, with Category A, for cars below 1,600cc and 130 hp, jumping S$3,199 to S$59,200; Cat B, for cars above 1,600cc or 130 hp, spiked by S$3,602 to S$61,103.

Cat E, the open category which currently tracks Cat B, climbed S$1,330 to S$62,019.

Meanwhile, Cat C for goods vehicles went up by S$2,081 to S$45,890, while Cat D for motorcycles appreciated S$590 to S$6,502.

Dealers said they had expected passenger car COE premiums to strengthen after TheCars@Expo two weekends ago.

The Singapore Press Holdings-organised vehicle-sales event at the Singapore Expo was particularly successful at attracting car buyers with its promotions, such as special interest rates, free servicing and immediate registrations.

Most buyers were said to have zeroed in on models transacted below the psychological S$100,000 mark, such as the Mazda3, Mitsubishi Lancer, Nissan Almera, Volkswagen Polo, Suzuki Swift and even the Honda Jazz. Mazda dealer Eurokars was said to have garnered more than 200 orders that weekend alone.

As a result, no one was surprised by the 5.7 per cent surge in the Cat A COE premium.

Cat B cars were equally popular among TheCars@Expo buyers, as many models were priced at around S$120,000 or just below that.

Some of the sub-S$120,000 examples were compact MPVs such as the Mazda5 and Kia Carens, while other popular models such as the Toyota Wish, Nissan X-Trail and Mazda6 were a few thousand dollars higher.

The sales manager of a Japanese dealership said: "Most authorised distributors were able to get very strong orders that weekend because of the attractive deals.

"Not only was it the last chance for all the brands to register cars before the year ends, but also for buyers to get a new car for the Chinese New Year in early February."

With the distributors' strong order bank, the sales manager expects COE premiums to either stay at the current level or continue inching up towards year-end.

He said: "I don't see them falling in the next couple of months."

[Curiousparty]

COE might hit 20k for both categories .

http://www.straitstimes.com/singapore/tr...-feb-april




http://www.straitstimes.com/singapore/co...ng-in-2016