Why COE drop ?

[congo9]

SINGAPORE: COE prices for vehicles fell sharply across the board in the latest bidding exercise.

The Certificate of Entitlement (COE) for big cars (over 1,600cc) saw the biggest fall. It tumbled S$6,811 to S$7,589, its lowest level since February 2007.

Open Category COEs, which are used mainly for cars, dived S$3,057 to S$12,001.

For small cars of 1,600cc and below, the COE price fell S$2,812 to S$10,989.

Meanwhile, the premium for commercial vehicles dropped S$4,396 to S$11,503.

For motorcycles, the new COE price is S$1,609 - down S$280 from the previous tender exercise.

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I thought LTA is trying to clamp down on the number of COEs issue, so the price of COE will go up. But it didnt seems so. The price of COE drop big time ! I thought our COE system will beat any system and other financial chaos any time ?

 

[DIVISION1]

Supply and demand.

 

[High till Dry]

i'll be surprise if COE rise.

 

[shelltox]

taxi companies not in the market

 

[angie II]

oh no... oh no no no... nothing cums free... COE droped means sumthing else will increase soon

 

[Cestbon]

taxi companies not in the market

That is one of the reason and economy is very bad.

 

[singveld]

credit crunch
hard to borrow money from banks now

 

[lifeafter41]

SINGAPORE: COE prices for vehicles fell sharply across the board in the latest bidding exercise.

The Certificate of Entitlement (COE) for big cars (over 1,600cc) saw the biggest fall. It tumbled S$6,811 to S$7,589, its lowest level since February 2007.

Open Category COEs, which are used mainly for cars, dived S$3,057 to S$12,001.

For small cars of 1,600cc and below, the COE price fell S$2,812 to S$10,989.

Meanwhile, the premium for commercial vehicles dropped S$4,396 to S$11,503.

For motorcycles, the new COE price is S$1,609 - down S$280 from the previous tender exercise.

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

I thought LTA is trying to clamp down on the number of COEs issue, so the price of COE will go up. But it didnt seems so. The price of COE drop big time ! I thought our COE system will beat any system and other financial chaos any time ?

Times are bad, cars are discretionary spending, can always do without unless you are in the Sales/Marketing line.

I understand a lot of the car loans taken the last few years are those 10years loan, which means the residual value, if they were to sell in or scrap it is lower than the loan value. Another words, negative assets.

 

[Kuailan]

SINGAPORE: COE prices for vehicles fell sharply across the board in the latest bidding exercise.

The Certificate of Entitlement (COE) for big cars (over 1,600cc) saw the biggest fall. It tumbled S$6,811 to S$7,589, its lowest level since February 2007.

Open Category COEs, which are used mainly for cars, dived S$3,057 to S$12,001.

For small cars of 1,600cc and below, the COE price fell S$2,812 to S$10,989.

Meanwhile, the premium for commercial vehicles dropped S$4,396 to S$11,503.

For motorcycles, the new COE price is S$1,609 - down S$280 from the previous tender exercise.

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

I thought LTA is trying to clamp down on the number of COEs issue, so the price of COE will go up. But it didnt seems so. The price of COE drop big time ! I thought our COE system will beat any system and other financial chaos any time ?

If bank can go bankrupt, job uncertainty, fear of retrenchment is in the air,
low moral of workers, bosses pressure on staff...bank will only get one month bonus this yr instead of the 6 months bonus...Bank having retrenchment..

You think ppl will bit high high for COE??? Any way bidding of COE / LTA is not transparent, is up to them to command the prices ..$50.00 when ...fleet of taxis is coming...now that bank go bust off COE or CEO will drop..like dominos...

 

[po2wq]

Why COE drop ?[/QUOTE]

2 many erp gantries ... crude oil prices have plunged, but petrol prices dun move ...