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Old 9th September 2013, 04:00 PM   #1 (permalink)
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COE changes: Cars with engine power exceeding 97kW to go under Cat B

COE changes: Cars with engine power exceeding 97kW to go under Cat B


Photo: TODAY

Change to take effect in February 2014, with existing criteria on engine capacity to remain

By
Sumita Sreedharan and Woo Sian Boon


SINGAPORE - Cars with engine power output exceeding 97kW (130 brake horsepower) will be classified under Category B in Certificate of Entitlement (COE) bidding exercises starting February 2014, Transport Minister Lui Tuck Yew announced this morning.

This new set of categorisation comes on top of the existing Category A criterion that the engine capacity of a car should not exceed 1,600cc.

This means that car models such as the Mercedes Benz C180 (engine power 115kW) and BMW 118i (125kW) and the Mini Cooper S (135kW) will be grouped together with bigger cars.

The criteria will be reviewed every few years to keep pace with market trends and technology improvements.

The new categorisation criteria comes as the Land Transport Authority seeks to better delineate mass market cars from premium cars.

Public, industry and academic feedback were sought from May to July.

The LTA will not implement a multiple car surcharge on owners with more than one car as there are many loopholes which buyers could take advantage of to circumvent such a policy.

Instead, it will leverage on other measures outside of the COE system, such as tiered vehicle taxes, to further address social equity.

Other suggestions such as a Pay-As-You-Bid system and banning car dealers from the bidding process, which were popular suggestions during consultation, will also not be implemented.

Source: http://www.todayonline.com/singapore...go-under-cat-b

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Old 9th September 2013, 09:35 PM   #2 (permalink)
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Re: COE changes: Cars with engine power exceeding 97kW to go under Cat B

Hmm... Hope that will lower the COE.

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Old 10th September 2013, 04:06 PM   #3 (permalink)
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Mixed reactions over changes to COE

Mixed reactions over changes to COE

The changes to the Certificate of Entitlement system drew mixed reactions, with several car dealers saying it does not solve the problem of tight supply.

By Dylan Loh*
POSTED: 09 Sep 2013 8:48 PM


SINGAPORE: The changes to the Certificate of Entitlement system drew mixed reactions, with several car dealers saying it does not solve the problem of tight supply.

While premium models will be shifted to the big cars category, dealers said a limited quota of certificates will likely cause prices to remain high.

Prospective car-buyers Channel NewsAsia spoke to said they will continue to observe the market before making any decisions.

One of them, Vijay Sabapathy, intends to monitor car prices for three months after Certificate of Entitlement (COE) changes kick in from February 2014.

The 33-year-old prospective buyer is looking for a mass market ride, but doubts prices will drop even with authorities taking premium models out of the small cars COE category using vehicle-horsepower and engine capacity as factors.

He said: "If you move one category of buyers out, it will just mean that the floodgates will be opened for everyone else who's waiting to buy a car to jump in."

Others are more optimistic. Another prospective car buyer, Tseng Hsien Cho, said: "Hopefully this measure will allow the mass public from the middle sector, from the middle-income group, to have a chance to own a car."

Once the changes are in place, car dealers said mass market Japanese models, which have been on a popularity decline in recent times, may make a comeback. Dealers of performance vehicles meanwhile, expect a "crowding effect" in the COE Category B section for big cars.

Henry Heng, manager of Prime Cars, said: "There is very heavy traffic in the Cat B already. I think (the cost will) depend on how much COE they can give for Cat B."

Future COE quotas then, will likely affect how high prices go for premium models.

Raymond Tang, honorary secretary of the Singapore Vehicle Traders Association, said: "When there is more COE released, definitely the COE price will be more stable."

Associate Professor Lee Der-Horng, a transport researcher with the National University of Singapore, said: "Perhaps we should consider a constant COE supply, which means maybe on an annual basis, we just have the 65,000 or 70,000 -- depending on the actual evaluation and testing."

Observers expect cars which will eventually be shifted under the COE Category B section to enjoy healthy demand before changes take effect. Some even think big car COE prices may rise above the S$100,000 mark, with more vehicles expected to be moved into the category.

Dr Janil Puthucheary, a member of the Transport Government Parliamentary Committee, felt that the latest changes to the COE system are fair, and likely the best that can be currently achieved.

Dr Janil said the COE system maintains the idea that cars are a luxury, rather than a necessity. However, he said the tweaks still make cars available to those who view them as a necessity.

He also explained why some suggestions were dropped, such as a surcharge for those with more than one car.

Dr Janil said: "Implementing a surcharge for multiple car ownership will be very difficult to police. There are many ways around it. But also, it affects a very small segment of the total car population.

"It's not going to have a desired effect of making mass market car more accessible to the people whom Cat A was meant for. That's the fundamental thing we're trying to achieve here."*

Source: http://www.channelnewsasia.com/news/...r/807594.html#

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Old 11th September 2013, 09:36 AM   #4 (permalink)
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Over 90% of Cat A car models to have OMV of less than S$20,000

Over 90% of Cat A car models to have OMV of less than S$20,000

BY
SUMITA D/O SREEDHARAN
-10 SEPTEMBER


Under the new Certificate of Entitlement classification system, more than 90 per cent of the models that will remain in Category A will have an Open Market Value of less than S$20,000, based on last year’s car registration data.

The Land Transport Authority (LTA) noted that under the existing engine capacity criterion, only 44 per cent of the Cat A cars have an OMV of less than S$20,000. “However, we can expect that this analysis cannot be the basis to predict the future, as it cannot account for how buyers and dealers will adjust to the new criteria,” it added.

To ensure the specified engine power of cars are not circumvented, the LTA said it will implement “pre-registration safeguards through its vehicle type approval process”.

“Where maximum power output specification of a model is lower than the same model approved previously, or what has been declared in other markets, LTA will not approve such models for registration and use in Singapore,” the LTA said.

“This will serve as a deterrent against anyone who tries to tune down the maximum power output of his car to qualify for Cat A.”

Brands such as Volkswagen, Peugeot and Citroen will have the highest number of car models that will be moved from Cat A to Cat B.

Volkswagen, which will have seven models reclassified under Cat B, said that “demand for some of our popular Cat A models ... will definitely be affected”.

“We will further refine our model line-up in the coming months to offer customers the most attractive choices in both COE categories,” its spokesman said.

Citroen said it will be using the opportunity to promote its range of green cars. ”These cars were built for the budget segment, which coincides with the new COE categorisation strategy as well,” said its spokesman Royston Soh.

Another affected car dealer, Volvo, said it is still studying how to adjust to the market changes.

Source: http://www.todayonline.com/singapore...mv-less-s20000

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Old 13th September 2013, 08:42 AM   #5 (permalink)
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Keep COE bids secret for a more level playing field

Keep COE bids secret for a more level playing field


Individuals are at a disadvantage in the bidding process, as they lack the time to constantly monitor the bids, unlike dealers and organisations with staff dedicated to this purpose. Photo: Bloomberg

The latest “COE change: Engine power cap for Cat A” (Sept 10) is focused on ensuring that Category A will no longer be applicable to premium makes such as Mercedes and BMW.

This may benefit first-time car buyers and the budget conscious, but only time will tell whether it and any future changes would produce results that satisfy the majority.

Already, the middle income, who seek to buy Honda Civics, Toyota Camrys and other family saloons, are complaining that they have been lumped with the rich. Though the Certificate of Entitlement system can never satisfy everyone, the process can be made fairer.

Currently, the COE system provides relevant, real-time figures during the bidding period.

This encourages bidders to monitor the data and to submit and adjust bids progressively.

Most wait until the last hour, resulting in a frenzy of submissions in the last 30 minutes; the number of bids and the amounts tend to shoot up dramatically in this short period.

Individuals, especially working adults, are at a disadvantage, as they lack the time to constantly monitor the bids, unlike dealers and organisations with staff dedicated to this purpose.

Maintaining the secrecy of key data during the bidding period, a key characteristic of any tender system, as opposed to auctions, would level the playing field.

In addressing the perennial issue of car ownership, one cannot ignore the fact that as more Singaporeans move up the economic ladder, they would aspire to own a car and, with economic progress, a better car.

Any policy on vehicle ownership and usage must factor in this and the need for a fair system.

Source: http://www.todayonline.com/voices/ke...-playing-field

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Old 15th September 2013, 03:47 PM   #6 (permalink)
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Re: COE changes: Cars with engine power exceeding 97kW to go under Cat B

They should had implement this long time ago.

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Old 16th September 2013, 07:09 AM   #7 (permalink)
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High traffic at car showrooms after COE tweaks

High traffic at car showrooms after COE tweaks

BY
CHNG KHENG LENG


SINGAPORE – Some car showrooms were packed with potential buyers today (Sept 14), following the changes to the Certificate of Entitlement (COE) system announced earlier this week.

Some carmakers cut prices ahead of the changes, which will come into effect next year.

Swedish carmaker Volvo said traffic at their showroom doubled, as they dangled discounts ranging between S$20,000 and S$30,000.

The luxury car maker has five models with an engine capacity of below 1,600cc but these models also have a high engine horsepower of more than 130 brake horsepower.

From February next year, these will be transferred from the current category A to category B, competing with other premium brands.

Carmakers seem to be benefiting, at least for now.

Marketing manager for Volvo Wearnes Automotive Chow Yi Ling said: “Since the announcement of the COE re-categorisation, we have seen a surge in showroom traffic. Customers are even coming in on weekdays. In fact, we even saw sales increase mainly in Cat A cars.

“Although there is a demand for Cat A cars, there are also people looking for Cat B cars at the moment, because they don’t know what is going to happen after the policy sets in when all the current Cat A models are moved to Cat B, so people who are keen or ready to buy are going to buy now as well.”

Customers said they are likely to buy now, as the cars they are eyeing could cost more once the new rules kick in.

The changes were made after several months of public consultation to better ensure elements of social equity in car ownership.

Source: http://www.todayonline.com/singapore...ter-coe-tweaks

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