CAT B COE price crashed down by 5k. Newspaper reported it is due to higher interest rate - "
Another factor is the higher cost of a car loan. Last week, two big players, Hong Leong Finance and DBS, officially raised interest rates to 2.78 per cent for the maximum five-year tenure."

US FED going to hike further for 4 times in 2016. COE price can just go south from here and hit $30k by end of 2016.

All highly leveraged car buyers will get wacked big time