How low will COE drop in second half of 2020?

[Chase]

does this mean all used cars are severly overpriced? Will used car dealers go bust?

If COE crashes, some used car dealers will be affected. Those who lease vehicles out will be able to survive.

Based on my hypothesis, even smaller PI new car dealers have to go bust because they cannot price their vehicles efficiently, if they want to be honest with customers.

 

[Chase]

Hasn't coe bidding been suspended since april? There is no need to discuss your theories if car sales is zero.

Yes, we are talking about second half of 2020.

 

[Chase]

LTA can easily cut supply anytime to keep prices high.

They can give any BS like this is a good time to reduce our reliance on cars and move towards public transport. Take your pick of excuses.

Temasek's coffers need to replenished and COEs are a big contributor to government takings.

Yes, i wonder if the balance from April/May quota, will be released to the market in the second half of 2020.

 

[ilovechinesegal]

Would coe drop to 1 dollar?

 

[batman1]

WHY COE price and property price still have not crashed ???

 

[rambo22]

WHY COE price and property price still have not crashed ???

property will crash for sure

wont be so fast

 

[nightsafari]

LTA can easily cut supply anytime to keep prices high.

They can give any BS like this is a good time to reduce our reliance on cars and move towards public transport. Take your pick of excuses.

Temasek's coffers need to replenished and COEs are a big contributor to government takings.

from an overview, problem with that for the market is that it takes some time for the supply changes to flow through to the end prices. A lot of people can get burned with such huge fluctuations in supply.

Not that it will stop them from doing what you mention...

 

[nightsafari]

why not ?? unless is open biddings

just like gov tenders

where u know who tendered and how much ??

online nature of auction makes it difficult to collude.

 

[Chase]

property will crash for sure

wont be so fast

CB caused a gap-down.
Even cost of financing is lower now, rentals will be affected.

 

[SalahParking]

how do car dealers make money, when their cars coe are going to expire

 

[knowwhatyouwantinlife]

In 2008 I manage to get mine at 7k my colleague manage to get at 700...dont think this time will go so low...nowadays hard to find new manual cars

 

[LaoTze]

Would coe drop to 1 dollar?

MAYBE LIKE OIL! NEGATIVE VALUE !

OIL PRODUCERS PAY YOU TO TAKE THEIR FUCKING OIL

GABERMENT PAY YOU TO BUY COE

 

[Loofydralb]

COE is theft of rightful use of roads.

 

[Confuseous]

does this mean all used cars are severly overpriced? Will used car dealers go bust?

they can price whatever they want.
Supply and demand dictates everything in the COE process

 

[SalahParking]

i wonder how much used car dealers make on each car, net.

 

[Chase]

i wonder how much used car dealers make on each car, net.

They can make good margins from car loans and smaller income from insurance.
Try buying a car without loan, the saleman will frown at u.

 

[Confuseous]

Remember the days when buying a used car needed "football money" ?

 

[jw5]

Akan dating. Now still trying to hang on.

WHY COE price and property price still have not crashed ???

 

[SalahParking]

they can price whatever they want.
Supply and demand dictates everything in the COE process

how they make from scrap car..export.? can make how much.

 

[knnb40]

if COE crashed, Taxi and Grab will come-in to bid at higher price to support (Temasak has one leg or one arm in Taxi and Grab)
therefore only one chance to get a low COE but than that is if all bit at low price,if one or more think otherwise this low COE bids may not be that low....