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Old 16-02-2015, 05:57 PM
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COE prices for this 2nd Feb bidding will bounce back.

Cat A COE price likely to bounce to $68k. This is driven by popular Cat A models such as the Mazda 3, Kia K3, Hyundai Accent, Nissan Qashqai 1.2, Toyota Altis, etc.

Most car owners who have been keeping their cars for 7 years or older will be buying new cars. This is not surprising as their household incomes have gone up by at least doubled over the past 10 years. For instance, in 2005, their household income could be $70k pa. Today, their household income could be $150k - $250k pa. So, they have no problem paying for a $100k - $150k car as it only means spending $10k - $15k pa.
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