COE goes up today

linxd SG

A Car (1600cc & below) &Taxi 10,201
B Car (Above 1600 cc) 10,801
C Goods Vehicle & Bus 5,951
D Motorcycle 900
E Open 10,803
Only Cat A goes up a lot, others go down slightly.

for Cat A car, S$900 higher,closes to the BM price increasement
in Monday.
Do they really can control the COE price?
In the other hand, COE going up, is a good news for existing
buyers, am I right? we booked the car but not deliver yet,
if price up, which means we pay less in the car body, and when
we resale the car in 5 years later, can get more COE rebate?

T.Ryousuke SG

BM have the biggest market share and their margin is low.
They can better cover the profit and losses(lesser profit) with atleast 2000 units sold every mth. The thing now is alot of small dealer and PI can't compete with them in term of cash flow as many of their cars still stuck in the port and some of them are 2005 stocks. The holding cost in the port cost them alot as it force them to cut their COE bidding power. The market is over supply as for now with the nos. of COE is still alot compared to the nos. of bidders in ratio.

BM profit is about 5-7k depend on the COE price and Mazda can be 10-15k margin. that's why COE can only move between +/- 3k with BM account for 2-3k nos of cars compared to MM of 400 monthly. And I heard from friends in the past Nissan alway asked customer to top up COE, now customer are not willing to do that. So can see from their sales is going down as much as half.
Honda are doing well cos of new model, but their margin is too high. Only ppl like Honda will buy if not they will switch to other brand due to the high running cost. Can see from the chart BM is still the market leader, the sale nos is 3x more than 4 placing Hyundai. Nissan with new model still can't compete with them.

Every where you go in Singapore,Malaysia and Thailand what you see on the street?

http://www.lta.gov.sg/corp_info/doc/M03-Car%20Regn%20by%20make.pdf

linxd SG

Hi, Bro, thanks for your insideful comments.
One of my friend bought nissan sunny at Jan (or sometime I forget the actually date)when the price are very low, AT only 46000, then COE goes up 1-2K, and nissan dealer delay the delivery for a few months, he only get his ride at May.
For Lancer, looks quite good, price also good, even lower than sunny and vios, but don't know why their sales drop so dramatically in this year, from 900+/mth to 500+/mth, more than 40% drop!
and Honda doing quite well, increase 40% this year.

T.Ryousuke SG

If you book from BM last month you can collect yr car this month liao.

Read from Sgaltis forums. But heard new model coming next year.

Heard Lancer going to come out new model, But saw the new Evo 10 last yr dunno when coming. But heard from ex lancer owner the parts is ex. and the gear box is not reliable.

Sunny is widely known for high comsumption.

Civic booking queue is damn long, heard those just collect their car was booked January.

T.Ryousuke SG

Ford Focus even best their stock is last year one but got discount. Now is $61988. But the hatch back is selling at $65988 too ex.

The one on ad $52700 is bullshit, must take loan of 10 yrs.

SMRT Buses SG

Thursday July 6, 2:17 PM

COEs for cars stay within $10,000 range in latest bidding exercise

COE prices for cars are kept within the $10,000 range following the latest bidding exercise.

The premiums for cars of 1,600cc and below rose by $900 to $10,201 in the latest bidding exercise.

But COE prices for cars above 1,600cc fell by $200 to $10,801 while those for the Open category dropped by $199 to $10,803.

Meanwhile, COEs for goods vehicles and buses are priced at $5,951, down $357.

Motorcycle COEs now cost $900, down $161. - CNA/ir

T.Ryousuke SG

Year___Altis Basic__OMV_____COE__w/o COE__Profit__Loss After 5yrs
Jul-06___$52,988__15900___$10,201__$42,787__$5,422___$34,770
Oct05___$56,988__16500___$14,001__$42,987__$4,212___$36,375
Jul-05___$61,388__16500___$16,115__$45,273__$6,498___$39,718
Nov-04__$68,188__16600___$20,117__$48,071__$9,061___$44,435
Oct04___$68,688__16600___$22,001__$46,687__$7,677___$43,993
Feb04___$71,988__16800___$24,940__$47,048__$7,568___$45,658
Nov-01__$79,988__18000___$26,993__$52,995__$7,455___$43,092
Dec-00__$88,988__18500___$28,409__$60,579__$13,774__$50,734
Nov-00__$90,988__19000___$32,800__$58,188__$10,118__$49,888
Jan-99___$98,988__20000__$28,808__$70,180__$19,580__$58,584
Nov-98__$101,988_20000___$32,000__$69,988__$19,388__$59,988

*Est. OMV, Price by BM & Profit made by dealer.
B4 2004 is Japan made Corolla.
Loss After 5yrs-consider car scrap b4 5 yrs and on paper value.

casino_king SG

Do you guys think that there is some sort of conspiracy? Raise cab fares then restrict COE supply to push up COE to justify cab fares rental increases... to justify Bus/MRT increases...

Like make a concerted effort across the board so people (generally) cannot switch from one to the other.

jumpmanz SG

after elections, everything goes up. Mad

toyota-corolla SG

Laughing