https://padlet.com/juniorngweiyang/v4tstfn27pjs Cars en-us 2017-11-14 07:26:43 UTC 2018-01-20 02:22:27 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Thunder.png juniorngweiyang https://padlet.com/juniorngweiyang/v4tstfn27pjs/wish/206611294 Singapore would be cutting its permissible vehicle growth rate from 0.25% per annum for cars and motorcycles to 0% in 2018.

The purpose of which is to conserve land area as 12% of land in Singapore is already being taken up by roads and there is an estimate of more than 600,000 private and rental cars.

The Singapore government is planning to invest billions into its public transportation

This would probably push up the demand for cars before February as Singaporeans would want to try to get a car before the ban. This would lead to an increase in the demand for cars and also the prices. As the supply of cars will decrease drastically by  2018, the demand will skyrocket from now till 2018, which also means the prices will increase too, this is based on the factor "expectation of the future".


http://www.businessinsider.com/singapore-ban-cars-february-2018-2017-10/?IR=T

]]> 2017-11-14 08:51:01 UTC https://padlet.com/juniorngweiyang/v4tstfn27pjs/wish/206611294 dontanjunlong https://padlet.com/juniorngweiyang/v4tstfn27pjs/wish/206617386 The US car market in Detroit has been greatly affected by the Great Recession as about one-third of his customers can’t get credit, another third have trouble, and the rest are credit-worthy. This shows a significant drop in sales of new cars as people are just not able to afford to buy a new car.

As people are not able to buy new cars they turn towards used cars as they are priced lower. This would cause the demand of used cars to increase ad the demand of old cars to decrease. This causes the automakers to give large amounts of discounts and incentives to sell the new cars. Therefore automakers have to give large discounts for the new cars in order to stay competitive in the market.

https://www.cbsnews.com/news/as-demand-for-cars-falters-auto-prices-are-poised-to-fall/

 ]]> 2017-11-14 09:16:57 UTC https://padlet.com/juniorngweiyang/v4tstfn27pjs/wish/206617386 junyin963963 https://padlet.com/juniorngweiyang/v4tstfn27pjs/wish/206617621 Recently COEs for cars up to 1,600cc closed at S$36,001, down from S$42,900. With around the same number of demand for COE, (2,195) received from the past year, the number had not changed that much from the previous year (2,148). 
This is said to be derived from 2 factors. Namely that Uber and ComfortDelGro are working out a strategic alliance - which could result in a curb on their total fleet size. This could signal Uber's intention to slow down its growth in fleet size and hence the demand for COE in the near future. So it could fall further until it finds its new equilibrium. The second factor could be that the COE price drop was due to changes in the new Euro VI ruling. From Sep 1, newly purchased cars have had to comply with European car-maker exhaust and noise emissions standards, removing over a dozen models from the display racks of showrooms and dealers. Buyers will continue to wait, expecting a further drop in the next coming COE bidding. This shows that there are other external factors that will affect the demand of cars, causing a shift in the demand curve. 

http://www.channelnewsasia.com/news/singapore/will-7-year-low-car-coe-prices-continue-to-fall-9197580

]]> 2017-11-14 09:17:56 UTC https://padlet.com/juniorngweiyang/v4tstfn27pjs/wish/206617621 s10179667 https://padlet.com/juniorngweiyang/v4tstfn27pjs/wish/222287492 THE PROBLEM
In 2008, the entire auto industry was in very bad shape. Layoffs at auto plants and among auto parts suppliers were on track to reach 250,000 workers. Gasoline prices were up and buying power was down. General Motors was virtually out of cash to pay its bills and Chrysler was not far behind. In November 2008, the New York Times ran the headline "GM teetering on bankruptcy, pleads for federal bailout".
GOVERNMENT STEPPING IN
When President Obama took office, he created a task force with a sweeping mandate to determine the fate of GM and Chrysler. The companies’ first proposals to the task force included downsizing, but the task force wanted deeper changes. In March 2009, Obama rejected those plans and said if the firms wanted federal money, they had to go through bankruptcy. That happened quickly. The car companies filed for bankruptcy in June and emerged in July.
THE TURNAROUND
Today, total employment for carmakers and parts suppliers is up about 250,000 from 2009. In 2011, sales rose 10 percent for GM, 13 percent for Ford and 14 percent for Chrysler.

http://www.politifact.com/truth-o-meter/article/2012/sep/06/did-obama-save-us-automobile-industry/]]> 2018-01-18 02:57:31 UTC https://padlet.com/juniorngweiyang/v4tstfn27pjs/wish/222287492