Quote:
Originally Posted by Unregistered
In Jan 2013, Cat A and Cat B COE was in the $90k+ range. Now in Nov 2014 (2nd bidding), Cat A is about $68k and Cat B is about $70k. So today's COE prices still considered cheap in comparison. COE prices still have room to rise by $20k+ from today's prices to reach back to the $90k+ range. You will witness prices continue to rise. By end 2015, Cat A will reach $85k while Cat B will reach $95k AT LEAST. If you need to change your car, best is to buy now. |
In Dec 2014 1st bidding, Cat A should go up to $72k and Cat B will go to $75k. In the 2nd bidding, Cat A will go to $75k and Cat B will go to $78k. In Jan 2015 1st bidding, Cat A will go to $77k and Cat B will go to $80k. In the 2nd bidding, Cat A will go to $80k and Cat B will go to $82k. Both Cat A and Cat B should go back to $90k plus by end of 2015 or in 2016.
There are billions of dollars in bonuses to be paid to workers in Dec 2014. This money has nowhere to go but to the new car market as 100,000 car owners will be changing to new cars in 2015. Another 100,000 car owners will be changing to new cars in 2016.
It is best to secure your
COE and buy new cars now. Those who have listened to this advice earlier and bought their new cars earlier have saved a few thousand dollars already.