[COE] Up, Down, guess guess guess.

[zuoom]

Bidding will end on 08/10/2008 16:00 hrs
Bidding status as at 08/10/2008 15:52:11.65 hrs
Category    Current COE Price ($)    Quota    Bids Received
A    Car (1600cc & below) &Taxi    13,709    1,856    2,290
B    Car (Above 1600 cc)    14,006    1,132    1,326
C    Goods Vehicle & Bus    15,899    266    316
D    Motorcycle    1,801    410    627
E    Open    15,000    754    1,114

interesting result. would have expected the COE to go up a thousand or two. the CAT A, B, C falls within 13-15K range. looks like the public have enough cars liao.

[zuoom]

just read on another article in the papers on LTA going to reduce the population of cars.

still i will not bet on the COE to go up too high.

[Vorsprung durch Technik]

no impact given the fact economic still under crisis... perhaps to be significant, government should stop issuing and let the money roll more

[zuoom]

here's the article.

I REFER to last Saturday's article, 'More cars on the roads - COE system not working to plan'.
The article concluded erroneously that the certificate of entitlement (COE) system is not working as planned. As a result, there are more cars on our roads, and the roads are more crowded than they otherwise would be. This is categorically not the case.

Since the introduction of the COE system in 1990, the vehicle population has grown at a Compound Annual Growth Rate (CAGR) of 2.7 per cent from 1990 to 2007, which is within the prescribed rate of 3 per cent per annum. The vehicle population at the end of last year is therefore not larger than it should be, based on the allowable growth rate of 3 per cent per annum; in fact, it is smaller. The COE system has therefore been effective in keeping the growth of the vehicle population within the prescribed limit, even though the growth rate on a year-to-year basis may fluctuate.

The roads are crowded not because the COE system is not functioning as intended, but because at 3 per cent per annum, vehicle growth significantly outstrips road growth at 0.5 per cent, thus making it untenable to continue at this rate. That is why the Land Transport Authority (LTA) will reduce the vehicle growth rate from 3 per cent to 1.5 per cent per annum from Quota Year 2009, that is, May next year, as announced in the Land Transport Masterplan. This rate will be reviewed after three years to assess whether a further reduction is necessary.

Geoffrey Lim
Deputy Director, Media Relations
Land Transport Authority

Source: http://www.straitstimes.com/ST%2BForum/Story/STIStory_292872.html

[zuoom]

Bidding status as at 22/10/2008 16:00 hrs
Category Current COE Price ($) Quota Bids Received
A Car (1600cc & below) &Taxi 10,989 1,846 2,149
B Car (Above 1600 cc) 7,589 1,100 1,302
C Goods Vehicle & Bus 11,503 270 390
D Motorcycle 1,609 420 576
E Open 12,001 769 1,100

via : http://www.mycarforum.com/forum/General_C1/General_Car_Discussion_F1/COE_-_2008_Oct_2nd_bidding_exercise_P2570521-5

=============

alittle unexpected. but it's the financial crisis we are talking about. that was "unexpected" also. .P

[zuoom]

source : http://www.lta.gov.sg/corp_info/doc/MVP01-5%20(Cars%20by%20cc).pdf
via : http://www.mycarforum.com/forum/Vehicle_growth_rate_will_be_reduced%3A_LTA_P2583603/#2583603

interesting stats...

over the last 10 years, population for <1L car drop from 53K to 7K while >1.6L doubled.

Total car population increase from 377K to 515K. That's 40% increase!

The number exclude taxi and tax exempted vehicles, so if we include taxi, the growth is actually much higher

[zuoom]

Category
A --> 10,455
B --> 8,301
C --> 8,889
D --> 1,509
E --> 10,490
via : http://vagsg.com/forums/showthread.php?t=15715

[zuoom]

for those wondering how to re-new the COE for those COE cars.

you take the COE price for the past 3 times n divide by 3.

that would be the amount you need to pay to re-new the car.

good luck, good COE.

[Vorsprung durch Technik]

no wonder more and more people retaining cars

[Kelly]

I vaguely recall Mah Bao Tan said the $50 COE will never happened again. He mentioned he rather not issue any COE if the bid is low. How did this happen?

[wyv9]

Time to get a new car?

[vesfreq]

  No one expect lehman bros to kick the bucket. It still did. One man's words don't define how the world moves.

[Silver Bullet]

Low COE = Low car prices...the grament MIGHT b doing tis to help push sales for the car trade imho..

[uplinkhack]

very good for those who's car 10 years and wanna extend COE..

[Black faced guy]

very good for those who's car 10 years and wanna extend COE..

Can we buy the COE and let it run for now then when our car is due for COE extension just switch over.
$2 COE for 5 years of extension also not bad woR.
Haha....