Guys, you all know the reason why COE price cannot come down or not?

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Intruder175

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Imagine if COE just drop 20k, the phv company will lose 500 cars x20k, and if COE is cheap who the hell will go rent their cars. Of coz is bid COE high high and got those dummies to rent. This will protect the rice bowl of the phv companies
 
Evcats

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Motor dealers told The Straits Times that they expected premiums to be high in the latest round on the back of recent car launches and aggressive promotional events by brands such as BMW and Mercedes-Benz.

The upcoming Car Expo in October, as well as a three-week gap after the next COE tender exercise in September, also spurred dealers to put in higher bids this time to secure certificates and fulfil orders.


Mr Ng Lee Kwang, board adviser to Goldbell Corp, which specialises in leasing and distributing commercial and industrial vehicles, believes Chinese EV brand BYD, which has been selling well in 2024, influenced the latest results.

He pointed to figures showing that BYD had registered 520 cars in July, the majority of which were Category A COE EVs. On average, there are fewer than 2,000 Category A COEs available for bidding each month.
 
RinoaX

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It is obvious that a high COE means a higher entry barrier for car ownership, and PHV/car sharing companies would want this barrier to be maintained high, as they articially lower it via phv/getgo etc.

Once the market is cornered and monopolised, charge $50 also no help liao.
 
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Intruder175

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RinoaX said:
It is obvious that a high COE means a higher entry barrier for car ownership, and PHV/car sharing companies would want this barrier to be maintained high, as they articially lower it via phv/getgo etc.

Once the market is cornered and monopolised, charge $50 also no help liao.
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Ya but drkcynic don't understand
 
iceblendedchoc

iceblendedchoc

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Intruder175 said:
Imagine if COE just drop 20k, the phv company will lose 500 cars x20k, and if COE is cheap who the hell will go rent their cars. Of coz is bid COE high high and got those dummies to rent. This will protect the rice bowl of the phv companies
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how to come down when all the rentals companies use the same cat. Already feedback to this stubborn pap government to create a new cat for these companies and let them bid and kill each other instead.
 
bobo07

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Your logic means ppty prices cannot drop or else every house owner will lose money … means must carry on pawn the next generations
 
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Iamdone

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Our ministar states that there's no evident in private rental companies outbid consumer
 
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