I see many youngsters driving new cars. I think either they earn a lot or their parents bought for them. Not surprising if a household has 4 or 5 cars. You can see this especially among those living in landed properties. Anyway, COE prices are not expensive. In the past, when salaries were lower, COE ever reached $100k. Now, with salary levels doubled, COE price is only $63k for Cat A. So, there is still room for COE price to go higher.