Motorcycle COE (CAT D) @ S$8,000!! - April 2021

[SBF]

 

Current COE price for CAT D (Motorcycles) is at S$8,000! Almost like Bitcoin keeps going up. How to buy new bike like this?

[SBF]

Price is almost reaching the ALL TIME HIGH price of S$8,451 that was hit during Feb 2018!!

Data/trend credits: sgcharts.com

[yogi]

as long as buyers continue to buy regardless of coe price and the government continue to ignore the fact that bikeshops are gaming the system, bike prices can only go up.

[SBF]

14 hours ago, yogi said:

as long as buyers continue to buy regardless of coe price and the government continue to ignore the fact that bikeshops are gaming the system, bike prices can only go up.

The delivery riders are able to use their motorcycles to 'make money' so they will keep buying regardless of the prices. Unfortunate truth. It's like during the 2012 period where the COE for cars were sky-high because Uber and Grab were buying up all the new cars/COEs.

[CharlieJuliet96]

I remember the government introducing the ARF in a bid to reduce COE prices and "control motorcycle population". The ARF is still in effect and look where we are now. What a joke.

[yogi]

@ yeah... many things oledi like dis: implemented (but not effective) then 'conveniently' forgot to remove; egs. 2 is enough policy, hawker table cleaning fees (nw rtn ur own tray) food prices still stuck at pre tray-rtn level

[poorboii]

On 5/1/2021 at 6:27 PM, CharlieJuliet96 said:

I remember the government introducing the ARF in a bid to reduce COE prices and "control motorcycle population". The ARF is still in effect and look where we are now. What a joke.

the ARF mostly affected 2a and 2 bikes but majority usually get a 2b nowadays

[Issac]

On 5/1/2021 at 6:27 PM, CharlieJuliet96 said:

I remember the government introducing the ARF in a bid to reduce COE prices and "control motorcycle population". The ARF is still in effect and look where we are now. What a joke.

Was triggered to do a little digging on this in recent days... all the available information on ARF is how it is computed. I could not locate any info on the rationale behind it's implementation. So i'm definitely in your camp on this!

There's a management practice that suggests that for every 1 new rule to be introduced, to remove 3 existing ones... i wonder why they don't try this?  

[SBF]

On 8/22/2021 at 5:04 AM, poorboii said:

the ARF mostly affected 2a and 2 bikes but majority usually get a 2b nowadays

ARF was suppose to control the COE prices but alas, it's not working.

On 8/24/2021 at 11:06 PM, Issac said:

Was triggered to do a little digging on this in recent days... all the available information on ARF is how it is computed. I could not locate any info on the rationale behind it's implementation. So i'm definitely in your camp on this!

There's a management practice that suggests that for every 1 new rule to be introduced, to remove 3 existing ones... i wonder why they don't try this?  

Nothing new unfortunately, most policies are made behind closed doors and while with good intentions, its effects often turn out detrimental to consumers (current COE prices case in point).

We're currently at peak COE prices of 9,7xx, who wanna wager a guess when we'll break 10k COE?

[Jerrycan]

10k coming soon !

Wow, many zero behind compare to

$1 COE  

Good luck to we all !

Edited September 24, 2021 by Jerrycan

[SBF]

2 hours ago, Mistaraju said:

the government continue to ignore the fact that bikeshops are gaming the system, bike prices can only go up.

@Mistaraju It cannot go on forever..... Right?

Slight reprieve at the last COE bidding - S$9,089!! Hopefully it'll drop below 9k at the next bidding? I wouldn't bet on it though!

[Issac]

30 minutes ago, SBF said:

@Mistaraju It cannot go on forever..... Right?

It could... Isn't it a matter of conditioning? I recall that it was S$1 dollar for years till some smart people figured that it could be gamed to generate more profit per bike. In 2019, it averaged S$3k+, in 2 years, it has more than doubled. Did your salary double? Especially in this current economic and pandemic environment? Shows that we have 'accepted' that it'll rise and at a rate faster than income increase thus lowering our purchasing power and thus taking on more/longer loans?

[CharlieJuliet96]

Honestly we shouldn't even accept anything above $4k. I don't know how is this even acceptable. The fact that the COE is more expensive than some bikes out there is simply ridiculous.

[Issac]

On 9/25/2021 at 3:48 AM, CharlieJuliet96 said:

Honestly we shouldn't even accept anything above $4k. I don't know how is this even acceptable. The fact that the COE is more expensive than some bikes out there is simply ridiculous.

Exactly my point... we here in SG have been so conditioned that owning a car or motorcycle is meant to be expensive and that it's acceptable to take loans of many years to pay for a depreciating item. 

[Issac]

I don't want to belabour the point ... but with 47% of the survey respondents sharing that their finances have worsened since the onset of the pandemic BUT STILL the cost of COE of this rather basic form of transporation more than DOUBLING over the same period... is proof that the implementation is flawed (aka being manipulated).

https://www.asiaone.com/singapore/1-2-singapore-residents-say-they-cannot-cope-financially-event-illness-or-job-loss