If you want to change to a new car, do it now as COE prices will only go higher in the months ahead. We are seeing high replacement demand from existing owners, additional demand from new drivers who are earning much more, from rich families who are changing to new cars every 2-3 years, from families who are buying their 2nd or 3rd cars for their wives and children. Many rich retirees are also buying new cars to enjoy their retirement. Those who paid $90k+ for their COE in 2013 are also changing to new cars NOW because COE now at $60k is very cheap as it is $30k cheaper than in 2013.

COE prices will continue to go higher towards $70k for Cat A and Cat B will go to $80k. When supply shrinks in 2018-2023, prices could go beyond $100k.

To those who already bought your new car recently, congratulations! Huat Ah!!!!!!!!!!!