No one could’ve predicted that COE prices would continue to fall in 2019, despite two major changes that have happened this year.
The first is the move from the Carbon Emissions-based Vehicle Scheme (CEVS) to the more holistic Vehicular Emissions Scheme (VES) which takes into account another 4 pollutants.
Unfortunately, this means that cars which used to enjoy rebates due to lower carbon dioxide emissions may now cost more due to surcharges thanks to VES. The addition of the 5th pollutant, particulate matter, in VES was expected to cause a rise in COE prices due to increased demand, as buyers scrambled to buy vehicles before costs increase in July. That didn’t happen.
The other change is the announcement that vehicle growth rate would drop to 0%, effective February 2018. This essentially means that no new COEs would be issued for cars and motorcycles, only replacements of de-registered vehicles would be allowed. The [...]
In Singapore, you can buy parallel import cars from unauthorised dealers. And it’s perfectly legal.
We are not known as unauthorised dealers but more as Parallel Importers (PIs).
What is a Parallel Imported Car?
For car dealerships to get a distributorship status or authorised dealers, they need to impress and convince car companies to give exclusive rights to sell a particular brand. They do so by having an impressive showroom and a large paid-up capital. For example, Toyota’s authorised distributor is Borneo Motors while Nissan’s authorised distributor is Tan Chong Motors.
COE Price: we can help you bid COE at a cheap price. This is a technique to side-step authorised dealers selling cars with COE bundled in. Overall, the cost per unit vehicle for customers is lesser compared to authorised dealers.
Parallel importers (PIs) are basically smaller businesses that have bought the cars directly from their home factory, and re-sold them to their customers [...]
Tesla Motors Inc., the world’s best-performing automotive stock this year, will join the Nasdaq-100 Index next week, filling the spot vacated by Oracle Corp., which is moving to the New York Stock Exchange.
The electric-car maker will be added to the gauge, which tracks the biggest companies on the Nasdaq, before the start of trading on July 15, Nasdaq OMX Group Inc. said in a statement Monday. Oracle, which last month said it will join the NYSE, is the biggest company to jump between the competing exchanges.
Shares of Tesla, the carmaker headed by billionaire Elon Musk, have more than tripled this year as the popularity of its new Model S sedan helped the company turn its first quarterly profit. Gaining entry to benchmarks tracked by investors is attractive to public companies because it provides a guaranteed shareholder base.
The Toyota Camry and the Honda Civic, the top-selling mid-size and compact cars in the U.S., face risks of reduced production as inventories of the models rise, an RBC Capital Markets report said.
Toyota’s Camry exceeded its seasonal historical average inventory by more than 15 days supply in June and Honda carried about 25 days more Civics than usual, Joseph Spak, a New York-based analyst for RBC, said in today’s report. Camry and Civic were the only models identified as at risk for reduced output among 16 of the top-selling vehicles in the U.S. market. General Motors Co., Ford Motor Co. and Chrysler Group LLC all added U.S. market share in the first six months of 2013, the first time that all three gained first-half share in 20 years. Models such as GM’s Chevrolet Cruze compact and Ford’s Fusion mid-size sedan, leading Detroit’s most competitive set of [...]
Fiat today exercised an option to raise its stake in Chrysler by 3.3 percent.
The move is part of CEO Sergio Marchionne’s step-by-step purchases intended to lead to full control of Chrysler and the creation of a merged company that would be able to compete better with industry leaders Toyota, General Motors and Volkswagen.
Fiat has been exercising options since mid-2012 to buy holdings of about 3.3 percent from the VEBA, a medical-benefits trust for the U.S. carmaker’s retirees.
Including today’s purchase, Fiat has exercised three of its six-monthly options, increasing its stake to 68.49 percent.
Fiat has said it wants full control of Chrysler, which would give it access to some of Chrysler’s cash flow for investments in new models.
Chrysler has become Fiat’s most reliable profit generator as the Italian company struggles to end losses in Europe that totaled 704 million euros ($903 million) in [...]