COE big drop - taxi companies siao liao
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Transcab and SMRT committed to many chevy rights?
Category Current COE Price ($) Quota Bids Received
A CAR (1600CC & BELOW) 74,689 336 1,180
B CAR (ABOVE 1600CC) 58,090 326 1,028
C GOODS VEHICLE & BUS 53,900 225 374
D MOTORCYCLE 1,895 510 669
E OPEN 65,001 255 1,035http://www.onemotoring.com.sg/1m/coe/coeDetail.html
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Originally posted by oldlee:
Transcab and SMRT committed to many chevy rights?
Category Current COE Price ($) Quota Bids Received
A CAR (1600CC & BELOW) 74,689 336 1,180
B CAR (ABOVE 1600CC) 58,090 326 1,028
C GOODS VEHICLE & BUS 53,900 225 374
D MOTORCYCLE 1,895 510 669
E OPEN 65,001 255 1,035http://www.onemotoring.com.sg/1m/coe/coeDetail.html
will drop below 20k
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why small car (1600CC & BELOW) remains at 74,689???
bec transcab, CDG and SMRT committed to too many new taxis, if it fall to fast, Prime and premier will buy many taxis and rent it out at low low low rental, maybe $55 - $70 a day.
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Taxi companies that never increase fleet never affect what.
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Originally posted by oldlee:
why small car (1600CC & BELOW) remains at 74,689???
bec transcab, CDG and SMRT committed to too many new taxis, if it fall to fast, Prime and premier will buy many taxis and rent it out at low low low rental, maybe $55 - $70 a day.
U wait long long -
two months back, just seen SMRT staffs approach Jesmine in the office, overheard they are discussing about passing some over booked new taxis to transcab.
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Cat A only drop 4000.. so many bidders... all tot will drop very low... CAT B drop quite a lot...
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Originally posted by oldlee:
why small car (1600CC & BELOW) remains at 74,689???
bec transcab, CDG and SMRT committed to too many new taxis, if it fall to fast, Prime and premier will buy many taxis and rent it out at low low low rental, maybe $55 - $70 a day.
because those car dealers want to confirm get COE mah and they tot price will drop lower, so they just bid higher to get.. then everyone same mindset.... so end up the price remain high... those traders trading/selling CAT E lose big money liao...
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Why worry COE for the taxi companies?.........
I remember there's once COE drop until $50...........
cum cum, that period CDG came out the first 100 big/small eyes Mercedes cab..........
cum cum hor, I never speculate anything hor.........
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Taxi operators will pay for the COEs based on Category A's Prevailing Quota Premium, which is the moving average of the COE prices over the last three months. what big drop?? even it drop 10k to 20k for this bidding nothing will change for the current rental of the new taxi roll out by various taxi company under the new changes last year, any impact will only be seen after 3 months if coe continue to slight as it goes
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so i guess taxi company will not ki siow rather it is TS himself
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don't expect too much drop in the coming month as more car B buyer will switch to buy cat A,
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this guy "lau lee" who post this thread. From his avatar i thought i saw similiar face in "Minds" school or some where in Buangkok Green. May be not him lah...
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Originally posted by Red5xx:
will drop below 20k
Will drop to $1 ?
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http://sgforums.com/forums/2/topics/97085
Can check with this TS.........
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Originally posted by Just_do_it_lah:
Will drop to $1 ?
u got 50k cash to buy a 1.5 jap car?
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Originally posted by Red5xx:
u got 50k cash to buy a 1.5 jap car?
Have.... I got 120k cash to buy a Alphard.....
but... COE cat B must come down to $1 first.....
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strange...when coe open category drop so much lower than cat a...why didnt car buyers/dealers bid open cat and use for cat a cars? wats the restrictions?
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Originally posted by Ken@kofishop:
strange…when coe open category drop so much lower than cat a…why didnt car buyers/dealers bid open cat and use for cat a cars? wats the restrictions?
Actually nobody expects Cat B & Cat D (Open) to underperformed.
=======================the 1st in 23 yrs=====================
It will be on FRONT page of Newspaper tomorrow....
It is just like the $50 COE premiums for Cat B many years ago.
As ARF (higher OMV) for branded vehicles mainly falls under Cat B.... many bookings was deemed cancelled after the annoucement of the new MAS restrictions. Hence, this really impact on this category COE premiums.
Whereas lower OMVs' vehicles usually have lower car capacity, hence could have been supported by COE bids.
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I tot the bidding system had since been changed to live bidding so bidders can see the trend n make immediate adjustments/switch..tat was to avoid the $50 fluke result repeating. Its mainly car dealers bidding for their clients/buyers so they shud be experts n on the lookout for this happening to react quickly enough?...i.e switch from cat a to open cat... cos cat b n open cat ar those cash rich. ..don need so much loan one...so can wait for coe to drop then buy...cat a buyers LL hv to rush...later cant afford the cash upfront liao
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Originally posted by Ken@kofishop:
I tot the bidding system had since been changed to live bidding so bidders can see the trend n make immediate adjustments/switch..tat was to avoid the $50 fluke result repeating.
Its mainly car dealers bidding for their clients/buyers so they shud be experts n on the lookout for this happening to teact quickly enough?
(Previously) Car agents bid for clients at a higher (COE) premiums becos they want to do a sale.
2ndly, they can obtain higher commissions from the bank, the loans they secured for the clients.
now....
Car dealers "Bo Seng Ee".... how to bid excessively for clients ?
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Hence don't rely on car dealers too much...
Their package deal (especially for those guaranteed COE).... normally, include excessively bidding, hence pushes COE premium higher.
Some car companies will bid additional COEs, which they can keep for a 6 months period (probably in the Open Category) to standby for future sale.
but with these New Ruling.....
Everybody is on the watch...
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members , don't go so far lah ..... very headache one .
COE is something beyond what taxi drivers can do .
LTA , PAP , Comfort and SMRT , plus some pull strings .... TransCab , Premier and Prime all together play games wayang one .
U think they fire missiles at each other ?
No lah fuck ......
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Even COE drops....
the taxi companies still have to absorb in the ARF cost....
hence, if you are hoping for a big drop in daily rental..... keep dreaming....
whatever difference made in the COE premium is the profit for the taxi company.
so, u can continue to dream on it....
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What goes up.... (rental) will never come down....
COE down.... rental remains constant.
COE up.... rental adjust upwards.