Where is the COE Prices heading?

[vespaboy]

Hi guys,

I'm pretty sure that a lot of you have been around in the era where the COE was $1 for the longest time. then it went up and up and up to 1k+. If you look at the bike prices now - especially for smaller bikes - the COE is a substantial amount compared to the bike price. This is not good for us bikers.

 

Compare this with the car COE - there was a time I paid like 36k for the COE and now - its down to 2k+ and back up to 4k+.

 

Has the bike COEs fallen in tandem? From what I see - 800+ compared to 1K+ is a reduction but perhaps not as substantive as the drop in car COEs.

 

It leads to the question - why? Why is it that it is still at $800?

 

What has changed in the market from the $1 COE to the current $800 COE?

Will it go up? now that the COEs are reduced?

Or will it go south cos of the poor economy?

 

I'd like to know - cos it the buyer's hard earned money in there... Personally I'd love to see the $1 COEs again.

[Limsteel]

I am guessing only, do correct me if I am wrong.

 

$1 COE, more people will renew their bike COE without thinking. But to pay $1K for a 10 year old bike, people rather buy another one, scrapping the old.

 

This results in lesser 2nd hand bikes in market place. Thus prompting new bike sales.

 

So likely bikeshop banded together and increase the bid.

 

I wish it would head DOWNWARD MORE! SV650S COE ending NOV09... $500 also happy!

[stsoh]

when cat D (motorcycle) was at S$1, there were surplus of 2,000 COE.

gahmen simply switch these cat D surplus for cat A n B (cars) quota.

simple economic, shortage of supply, demand will be up.

cat D will not go back to S$1 as long as there r no surplus coe quota.

gahmen kept it at minus, it is always at high demands.

 

it's the same for cars too, cars coe quota had been increasing until now.

if car coe price is too low, gahmen will cut it's quota n demand will go up again.

very soon u will see coe for cat A n B going up even in recession.

 

if coe scheme is to control vehicle population in sillypore, why why only cars quota keep on increasing????

in 1998, there were 375,217 cars compare to 2008 have increased up to 550,455 cars (read attached pdf file).

Edited February 23, 2009 by stsoh

[vespaboy]

I am guessing only, do correct me if I am wrong.

 

$1 COE, more people will renew their bike COE without thinking. But to pay $1K for a 10 year old bike, people rather buy another one, scrapping the old.

 

This results in lesser 2nd hand bikes in market place. Thus prompting new bike sales.

 

So likely bikeshop banded together and increase the bid.

 

I wish it would head DOWNWARD MORE! SV650S COE ending NOV09... $500 also happy!

 

I wonder if anyone has bought their own COE and then gone to the shop to buy the new bike. Would it make a difference to the bike price?

What would happen if everyone out there who wants to buy a bike bought their own COEs? would it cause havoc to the market - or will the prices drop further? After all - now the buyer is in charge of how much he now pays for the COE instead of some proxy.

[Constructicon]

when cat D (motorcycle) was at S$1, there were surplus of 2,000 COE.

gahmen simply switch these cat D surplus for cat A n B (cars) quota.

simple economic, shortage of supply, demand will be up.

cat D will not go back to S$1 as long as there r no surplus coe quota.

gahmen kept it at minus, it is always at high demands.

 

it's the same for cars too, cars coe quota had been increasing until now.

if car coe price is too low, gahmen will cut it's quota n demand will go up again.

very soon u will see coe for cat A n B going up even in recession.

 

if coe scheme is to control vehicle population in sillypore, why why only cars quota keep on increasing????

in 1998, there were 375,217 cars compare to 2008 have increased up to 550,455 cars (read attached pdf file).

 

These cars, just by sitting in multi storey carparks willl earn them millions already.

Add to the ERPs, you will have a never ending cash flow given Singaporeans love for the 4 wheels, never mind 3/4 of them are saddled with debts for the next 10 years.