Limo - COE premiums - Only Cat C up slightly. Huat Ah! !!
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The authority cannot flip here and flip there....
once they implemented something is normally for it to stay for years to come.
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Originally posted by Just_do_it_lah:
The authority cannot flip here and flip there....
once they implemented something is normally for it to stay for years to come.
but they r well known for roti prata juz a matter of time...............
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COE prices up across the board
SINGAPORE: Certificate of Entitlement (COE) prices rose in all categories on Wednesday in the first bidding exercise after a cut in quota numbers kicked in this month.
The premium for Category A (small cars 1,600cc and below) soared from the previous high of S$68,656 to set a new record of S$73,501. The 7 per cent (or S$4,845) spike came despite taxis having been removed from this category.
Taxis were taken out of the COE bidding process from August after feedback that they may have had an influence on COE prices. COEs to be used for taxi fleet expansion will now be extracted from the quota for Category E instead.
Premiums in all other categories also rose.
COEs for Category B (cars 1,601cc and above) now cost S$94,502 each, a 4 per cent or S$4,001 increase, compared with S$90,501 in the previous bidding exercise.
For Category C (goods vehicles and buses), the COE now stood at S$57,001, compared with S$55,805. This was an increase of 2 per cent, or S$1,196. ( No bonus for Sam.seah ).
For Category D (motorcycles), the COE premium was S$2,081, compared with S$1,859. This was an increase of 12 per cent, or S$222.
In Category E (open), premiums closed at S$95,034, compared with S$92,700. This was an increase of 3 per cent, or S$2,334.
Dealers said the higher COE prices seen in the latest round were largely due to a cut in COE quota numbers which took effect in August.
Dealers added that the longer break between the latest and the previous bidding exercises - three weeks instead of the usual two weeks - was another factor that pushed up the number of bids and prices this time round.
Speaking about the Category A premium, general manager of Tan Chong Motor Sales, Ron Lim, said: "I think no one can actually put a guess into how far the Category A premium would continue to grow. We are sort of in uncharted territory as we are looking at the quota being reduced by a significant 37 per cent this round.
"The taxi companies might be out of the game right now in Cat A, but just the sheer size of reduction in terms of quota in itself, I think is the big factor behind today's price increase."
Industry players Channel NewsAsia spoke to said the high COE premium for small cars will affect those selling mass market brands.
"The buyer profile has actually changed a lot in terms of affordability," senior manager at KIA Motors Chee Kee Min said.
"If you look at the rationale of it, if you're already paying S$70,000 to S$90,000 for a basic piece of COE, you might as well pay a little bit more to own a so-called better car, with better specifications and all."
Dealers expect prices to continue to rise further, given the lower quota numbers over the next bidding rounds.
- CNA/wm -
COE cheong....(surges) Actually good for taxi industry as a whole.... Lesser (new) cars Will be put on the road.... More cars (prevailing COE) will be de-register upon their current COE expiry dates.
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The 2nd tender Open Bidding...
Sure Cheong....
Monday is a Public Holiday....
Only left Tuesday and Wednesday.....
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juz hope they dun release more taxis on the roads but i
doubt it due to the high COE price now..................
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Originally posted by komade:
juz hope they dun release more taxis on the roads but i
doubt it due to the high COE price now..................
More taxis......
Good for consumer......
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Taxi population growth rate slashed until end-2013
Published on Aug 04, 2012
Land Transport Authority said Singapore's taxi fleet - which has grown by more than 40 per cent to more than 27,000 since the industry was liberalised in 2003 - will only be allowed to grow 2 per cent per annum up to end-2013.==================================================================
The Government is reining in the breakneck speed at which the taxi population has been growing in recent years.
In a statement released on Friday, the Land Transport Authority (LTA) said Singapore's taxi fleet - which has grown by more than 40 per cent to more than 27,000 since the industry was liberalised in 2003 - will only be allowed to grow 2 per cent per annum up to end-2013.
After which, the growth rate of each taxi operator's fleet will depend on taxi availability standards yet to be confirmed.
The fast pace at which the taxi population has been growing - at an average of nearly 5 per cent per year since 2003 - has been a cause for concern. Cabbies have been complaining that it is harder to find fares these days, while ironically, commuters have been griping that it is still hard to find a cab when they need one.
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2% of 27,000
only 540 units of new taxis per year?
45 new taxis per month ?
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knn 2% olredi peh until chuan liao leh...............
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so big cop will become bigger?
like $0.20 cent tax for cng...
do they realy nid that $0.20 cent levy?
or just will to kill some1 off..
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Originally posted by komade:
knn 2% olredi peh until chuan liao leh...............
The smaller fleet companies like Silver, Prime, Smart have a minimum quota of vehicles on the road as required by the Taxi's authority.
Hence, these are the companies going to out-bid one another.... (Jiak peh liao)...
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Originally posted by Red5xx:
so big cop will become bigger?
like $0.20 cent tax for cng...
do they realy nid that $0.20 cent levy?
or just will to kill some1 off..
Dued to the obligation in the Taxi's Operator licence (TOL) approving criteria, each taxi company needs at least 2,000 taxis to their fleet before a deadline.
Silvercab currently with 2,016 units... hence safe.
SMART taxis with only 724 units.
PRIME taxis with only 589 units..... (as at 14 August 2012).
info provided by.... http://en.wikipedia.org/wiki/Taxicabs_of_Singapore
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big fish makan small fish......?
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Originally posted by Just_do_it_lah:
Dued to the obligation in the Taxi's Operator licence (TOL) approving criteria, each taxi company needs at least 2,000 taxis to their fleet before a deadline.
Silvercab currently with 2,016 units... hence safe.
SMART taxis with only 724 units.
PRIME taxis with only 589 units..... (as at 14 August 2012).
info provided by.... http://en.wikipedia.org/wiki/Taxicabs_of_Singapore
smart n prime confirm gone case liao............... so where will the
vellfires go??
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If they merged... they will have... 1,313 taxis liao....
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Today....
Live bidding is ON.....
http://www.onemotoring.com.sg/publish/onemotoring/en.html
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knn... there are many cheapo..... putting $1 bid in the COE....
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45 more mins to Results of 2nd tender.....
Sam.seah.... are you waiting too ?
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COE for 2nd Tender August 2012 (exercise bidding for 2 days) as Monday is closed on Public Holiday......
U think will cheong ? (surges higher) ?
35mins countdown....
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Regulating Taxi Population Growth Rate and Taxi-Related COE Changes
1. As announced last week, the Land Transport Authority (LTA) will require taxi operators to meet new taxi availability (TA) standards from January 2013. From January 2014, taxi operators will be required to meet these standards before they will be allowed to expand their fleet. LTA is currently working out the details of the TA standards and the TA-linked growth rates in consultation with the taxi industry and the National Taxi Association. In the interim period from August 2012 to December 2013, taxi operators will be allowed to grow their respective fleets at the historical taxi ridership growth rate.
Growth Rate During Transitional Period (August 2012 to December 2013)
2. LTA has decided that the taxi fleet growth rate during the transitional period from August 2012 to December 2013 will be 2% p.a1. This rate will be applied on individual taxi operators based on their respective fleet sizes.
3. As some taxi operators have obtained Certificates of Entitlement (COEs) in earlier bidding exercises, they will be allowed to use all of these COEs to register taxis within their validity periods2. LTA will also exercise flexibility on a case-by-case basis for situations that merit such consideration, for example taxi operators that have committed to orders of new taxis before the announcement last week.
Impact on COE quota
4. As announced previously, the COEs used for taxi fleet expansion will be extracted from the Open Category (CAT E). The net change in taxi population in each 6-month period will be deducted from the CAT E quota in the next quota period3. The provision for vehicle growth based on the vehicle population as of 31 December each year4 that is attributable to the taxi population will now be added to CAT E quota instead of CAT A. -
CDG can only increased it's fleet by 2% = 540 vehicles...
PRIME ?
589 x 2% = 11 taxis ?
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Improving Taxi Availability to Serve Commuters Better,
And Taxis Taken Out Of COE Bidding Process from August 2012
1. As announced by the Minister for Transport, the Land Transport Authority (LTA) will be introducing measures to improve taxi availability to serve commuters better. This review was initiated with the National Taxi Association (NTA) and the taxi operators since May 2012 to ensure that taxis better fulfil their public transport role, in return for the concessions accorded to them, such as lower road taxes, and the use of Category (CAT) A Certificates of Entitlement (COEs). Taxis have also been taking up a larger proportion of CAT A COEs in recent times. Given these concessions, it is important that taxis are utilised better and made more available on the roads to serve commuters, especially during peak periods. There is persistent feedback about taxis not being available.
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ho say liao more OBK days to come~~~~~
5m population 27000 taxis olredi OBK liao..........................
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Originally posted by Just_do_it_lah:
COE for 2nd Tender August 2012 (exercise bidding for 2 days) as Monday is closed on Public Holiday......
U think will cheong ? (surges higher) ?
35mins countdown....
bidding close tomorrow 23rd Aug.... not today