Motorcycle COE Update!

[RYANS]

Wondering any chance for $1 COE for Motorcycle again?

[ki113r]

I don't think so haha!

[MR BIKER]

I suspect if ALL motorcyclist stopped riding for 10 years and dont buy ANY and I mean ANY (new or old) , then it is chance it can go down to almost $ 1 but $1 , NO NEVER

[sakio]

was monitoring the COE 20 mins before it closes :

(maybe can get $1, excited)

(closing soon.. got chance!!)

(omg 10 more mins, 50 more bids to quota.. still $1)

(there goes... Poof~ from $1 to $1.5k in a blink that i refresh the page.. left only 3 mins >.

(final price.. haiz.. but still it drop compare to last bidding)

[Farr]

1,812? for 10/4/13 bidding

[sakio]

1,812? for 10/4/13 bidding

wat u see is wat u get

[Farr]

will it drop to 1.7 in future months. my coe ending august.. lol

[sakio]

will it drop to 1.7 in future months. my coe ending august.. lol

u don have to really wait till near ur ending date to extend another 10yrs. anytime if u think the prices is within ur acceptable range

but i guess it will drop to 1.6k before National Day.. will renew mine if i can find the bids/ QpQ ard 1.6k-1.7k

[r1der]

U all think motorcycle coe will drop further? I think the other way around as i can see more n more people taking motorcycle licence.

[Jehuty]

1.8 no diff from last year.

[MR BIKER]

This shows that the COE is really controlled by some forces with their own interest and not by us regular guys. if you see that $1 is actually by some real riders, but suddenly up it goes $1.5.

?? agree

[r1der]

Check out the link below... new motorcycle registration increased slightly since last year 2012. That's why COE doesn't fluctuate much since last year. But it's going to head upwards I suppose.

 

http://www.lta.gov.sg/content/dam/ltaweb/corp/PublicationsResearch/files/FactsandFigures/MVP02-1_New_Reg_by_COE.pdf

[Jehuty]

This shows that the COE is really controlled by some forces with their own interest and not by us regular guys. if you see that $1 is actually by some real riders, but suddenly up it goes $1.5.

?? agree

 

Govt, bike shops, finance companies that support bike shops. All have more to gain from increased COE prices mah....eventhough we don't contribute to jams.

[Silent Hunter]

Prices definately manipulated by some people.

 

Want the prices to go down, just wait until 2016 prices sure drop.

[jerwenhao]

I believe coe will go up as more ppl are buying bikes. Hmmmm

 

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[Andre]

Was monitoring last bidding too. In last (less then) 10min, it was from $1 jumped to $1500, then last 3 mins jumped to $1712, finally at last minutes jump to $1812. Nobody bid at $1600? Funny thing was, there was 94 unused COE out of 506. That means someone had logged in 1 whole lots above $1812.

I believe tomorrow's bidding will be similar...

[Andre]

Check out the link below... new motorcycle registration increased slightly since last year 2012. That's why COE doesn't fluctuate much since last year. But it's going to head upwards I suppose.

 

http://www.lta.gov.sg/content/dam/ltaweb/corp/PublicationsResearch/files/FactsandFigures/MVP02-1_New_Reg_by_COE.pdf

 

Do you know the population for Motorcycle dropping since 2011?

 

http://www.lta.gov.sg/content/dam/ltaweb/corp/PublicationsResearch/files/FactsandFigures/MVP01-1_MVP_by_type.pdf

[r1der]

Do you know the population for Motorcycle dropping since 2011?

 

http://www.lta.gov.sg/content/dam/ltaweb/corp/PublicationsResearch/files/FactsandFigures/MVP01-1_MVP_by_type.pdf

 

slightly drop only, but if u look overall picture (from yr 2002), the motorcycle population is actually quite stable n gradual increase trend.

[Andre]

Look carefully again, new registered bikes at 2002 was 17106, and 2012 was 9923. Therefore, the new register bikes are actually decreasing every year. The population looks increased because less people de-register the bike due to low COE until last 2 years that de-register bikes (usually small bikes) was more then new bikes due to high COE.

 

From 2002 till 2010, average "increase" by 2000 per year. From 2011 & 2012, it decrease by about 2000 per year. So base on the trend, by 2018, bikes population will be back to 2002 level.

 

The point is, it suppose to allow 0.5% grow each year and those scrapped will be release back to the COE pool. What I understand is 20% of scrapped bike COE goes to Open Cat. and some don't know goes where? Therefore, we will have lesser COE, so COE will maintain at high level. More small bikes will be scrapped. the nett effect is the bikes population will drop drastically. Therefore, the bike population will probably drop below 2002 level before 2018.