Cat A COE ended higher than the last bidding despite a big rise in COE supply. Many people expected COE to drop but it did not. This means those waiting will now no longer wait and will go and rush to buy now. COE prices will go higher in the next bidding. Many buying before the lunar new year. Do remember more than 100,000 existing car buyers need to change to new cars next year and they will likely change now than wait as prices expected to go higher. Many people who profited from selling their BTO flat have lots of money and they can now buy new cars.