Yes very true.... coe prices going south because
- interest rates shooting up in Jul 2015
- zero population growth ( trains and buses are not so crowded these days)
- 50% downpayment + max 5 year tenor
- TSDR to choke further car debt
- coming 80k COE in 2015, an x4 increase from 2014
- some families are not buying new cars after coe expired as kids have grown up (i.e. no more kids ferrying to tuitions and piano classes)
- SG economy will not do well in 2015 as gov keeps squeezing the SME with higher manpower costs

Just wait, and don't be kancheong spider
everything is a cycle, like four seasons.. the winter is coming soon for COE prices

Christopher Tan | The Straits Times | Saturday, Dec 20, 2014
Certificate of entitlement (COE) prices ended mostly lower in the latest tender yesterday as economic jitters arising from diving oil prices spread.
COE prices for cars up to 1,600cc and 130bhp slid by 1.8 per cent to close at $65,889. COE prices for cars above 1,600cc or 130bhp dipped by 0.5 per cent to end at $74,000.
Prices of the Open COE, which can be used for any vehicle type but ends up mainly for bigger cars, posted an even bigger contraction, at $73,990, or 3.8 per cent lower than two weeks ago.
Commercial vehicle COE prices took the biggest tumble in the last tender exercise of the year, finishing 13.2 per cent lower at a three-month low of $52,100.
Motorcycle COE premiums were the only exception, ending 2.4 per cent higher at $4,312.
Motor industry players said the latest results reflected the poorer economic outlook in the year ahead as oil prices continued to slide.
In such a scenario, it is common for consumers to curtail big-ticket purchases, especially if they are discretionary items.
Mr Steve Poh, group managing director of Ssangyong and Koenigsegg agent Motorway, said the latest COE results came on the back of industry-wide price reductions. With the cuts, dealers have thinner margins to bid for COEs.
"It's the bleak economic outlook. A lot of people have been burnt in the stock market, so they're holding back on car purchases."
Mr Michael Wong, general manager of Isuzu agent Triangle Auto, said the long construction boom seems to be losing steam.
"Everybody is expecting things to slow down dramatically."
- See more at: ://transport.asiaone.com/news/general/story/coe-prices-slide-amid-poorer-economic-outlook#sthash.UYQBcEei.dpuf