I have the same thoughts as well.

Normal car owners will buy a car and then sell their cars in general; supply will be high then but so it demand as I think only a small percentage of owners will give up their cars.

DGman wrote:

i had several discussions with some of my customers and friends who are in the car trade, both distributors and resellers and they all said the same thing... good news......2014 will see more COEs expiring as the big surge was during the 2004 and 2005 period. bad news....unless the car owners who bought their cars in 2004 and 2005 give up driving, they are still likely to bid for a new COE to replace their cars. so it means, its never going to be a good time or a bad time. need to buy a bus guide soon cos cycling to work is not an option. DGman

COE for cars up to 1,600cc soars to new high of $92,100.

By Christopher Tan

Certificate of entitlement (COEs) for cars up to 1,600cc - long the mainstay of budget car buyers - shot through the roof at the latest tender Wednesday to set yet another record price.The premium ended at $92,100, almost $10,000 more than its previous price.

COE for cars above 1,600c ended higher as well, but at a more modest rate to $96,210, from $93,501 previously. The Open category, which can be used for any type of vehicle but ends up mainly for bigger cars, inched upwards from $95,990 to $96,101.

Commercial vehicle COE premiums ended slightly lower at $60,000, from $62,201 three weeks ago. The motorbike premium rose to $1,933, from $1,701.

Motor traders attribute the day's results to panic bidding by car dealers bent on securing as many certificates as possible before an even smaller quota kicks in from next month. A three-week interval between the latest tender and the last one also created a bigger backlog of orders, fuelling a more aggressive bidding behaviour.

Really gotta make my wife get back to work soon. The way it looks now, both husband n wife gotta bring home minimum 6k a mth combined to own a car now................shooting off the holster estimate lah......

Mebe i can suggest to her to apply for work with a golf equipment company or at a country club......heheheheh

Just going on a limb here, anyone looking to sell their SUV (eg Tucson , Kia) etc OPC full day sat scheme let me know.

Pref one that's 3-4 yr old left. Budget ard 25-30k.

Thanks !

Imagine a system without COE, whole of Singapore would be caught in a traffic jam. It doesn't seem like this system is going away anytime. In fact, whose to say it will not break new grounds and cross the 200k mark. Just like housing prices. These days, its tough to flip through ST without Housing, Transport, Education headlining the HOME section.

No wonder we are an unhappy lot!

COE system....sounds familiar...reminds me of the upcomming minimum post system....heheeee

Its madness! I dont understand the logic anymore.

As much as its madness, the reduced traffic is starting to take effect.. I used to take close to 45 min in the morning before from simei to alexandra.. Now ? I reach office in 25-30 min. Do i like this ? Yea of cuz.. I enjoy having smoother traffic when i drive ..

I, for one, am hoping for the rise and rise and rise of COE prices and private housing in this god-foresaken land. Love it! Couldn't ask for anything less.

I also once suggested to my MP that ERP should be $100 for all gantries. Not enough in your cash card? Fine $150.
Then see how much better your city and expressway traffic improves.

Got money to buy a $150,000 car but no money to pay $5 in ERP? Singaporeans too rich for that mentality.

I am not sure if it will work but I think if the system is tweaked to make those who bid pay what they bid it might bring back some sanity.

I agree tat whateva is implemented it's its all for a better reason....

But goodness...but this is really like the calling for suggestions for naming the budget terminal...and then actually naming it budget terminal at the end....duh~

This COE is bullsh*t. Only those with $$$ are willing to bid that high and guess what type of cars tops the bidding.... hehe...

I still pay the road tax, ERP and still go through the traffic congestion. What's the difference? None for me/ us. However, new cars will remain to be registered every month but the question is who drives it.... It those who have $$$ drive. Those average income Singapore will need to think hard if they want to fork out the cash for this type of COE.

So my conclusion for the style in which COE are being distributed is simple : No $ No Car. No $ but still bid, good luck. Something to ponder about... If back then, the COE for a car is $15,000, you'll need 6 cars down the road to match current COE price of $90,000. Now.... If i can get $90,000 to put a car on the road... instead of 6, it make no difference in term of $ to the government. At least they can say that they are controlling the number of new cars to the road.