The COE is insane but demand f-To The Moon - Tiger Brokers Online Investing Community - To The Moon

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MHh
05-12

The COE is insane but demand for a car will continue to drive this up. Personally, I don’t have a real need for a car and cannot justify spending so much money to buy an asset that depreciates immediately upon purchase. I will stick to my MRT. If necessary, the ride hailing services in Singapore is also convenient and competitive and all in, is still cheaper than getting a car. Also, it is better to be driven around than to drive my own car.

I think byd has pretty much saturated its market share in China and has to look at Southeast Asia market to increase its market share. Indonesia looks like a promising market and is big enough. Also, EVs is a mature market in China unlike many of the Southeast Asia markets where there is still untapped market.

For a premium market of $300k, I think many Singaporeans would rather get their Mercedes or Lexus which are clear symbols of wealth than a nio! So, I don’t think it will take off in the short term unless the brand establishes itself more.

# Singapore COE Breaks S$125k: Automakers Earns Profits or Brand Prestige?

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With the COE exceeding S$125,000, would you buy a car or stick to the MRT? How much higher do you think this market ceiling can go?\n\nBYD has captured 20% of the market share; do you bet on BYD because of its Southeast Asian expansion narrative or its domestic sales performance in China?\n\nNIO is taking the premium route, but it costs S$300k+ to get one on the road in Singapore—do you think there is a genuine need for this segment?","image":"https://community-static.tradeup.com/news/63c7944bce6272ccf6a214d7e89e46c8"}],"images":[],"coverImages":[],"title":"","html":"<html><head></head><body>The COE is insane but demand for a car will continue to drive this up. Personally, I don’t have a real need for a car and cannot justify spending so much money to buy an asset that depreciates immediately upon purchase. I will stick to my MRT. If necessary, the ride hailing services in Singapore is also convenient and competitive and all in, is still cheaper than getting a car. Also, it is better to be driven around than to drive my own car. \n<br>\n<br>\n<br>\nI think byd has pretty much saturated its market share in China and has to look at Southeast Asia market to increase its market share. Indonesia looks like a promising market and is big enough. Also, EVs is a mature market in China unlike many of the Southeast Asia markets where there is still untapped market. \n<br>\n<br>\n<br>\nFor a premium market of $300k, I think many Singaporeans would rather get their Mercedes or Lexus which are clear symbols of wealth than a nio! So, I don’t think it will take off in the short term unless the brand establishes itself more.</body></html>","htmlText":"<html><head></head><body>The COE is insane but demand for a car will continue to drive this up. Personally, I don’t have a real need for a car and cannot justify spending so much money to buy an asset that depreciates immediately upon purchase. I will stick to my MRT. If necessary, the ride hailing services in Singapore is also convenient and competitive and all in, is still cheaper than getting a car. Also, it is better to be driven around than to drive my own car. \n<br>\n<br>\n<br>\nI think byd has pretty much saturated its market share in China and has to look at Southeast Asia market to increase its market share. Indonesia looks like a promising market and is big enough. Also, EVs is a mature market in China unlike many of the Southeast Asia markets where there is still untapped market. \n<br>\n<br>\n<br>\nFor a premium market of $300k, I think many Singaporeans would rather get their Mercedes or Lexus which are clear symbols of wealth than a nio! So, I don’t think it will take off in the short term unless the brand establishes itself more.</body></html>","text":"The COE is insane but demand for a car will continue to drive this up. 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