Looks like there will be no cheers for car buyers after the release of prices at 4pm today. Here are the comparison of the latest prices on COE
18th March 2015 4th March 2015 17th Feb 2015
Cat A $64,700 $61,410 $57,199
Cat B $71,889 $68,668 $66,751
Cat C $59,999 $56,501 $53,202
Cat D $5,610 $5,501 $5,800
Cat E $72,100 $70,500 $67,901
Yup, the day where we all feared. COE INCREASED AGAIN. Hopes of buying a car at a cheaper price has been dashed again.
Ever since there was an announcement in January that supply of COE quota has increased for the 3 month period ending April, many potential car buyers especially me are anticipating the drop. Although we were given hope during Feb that prices are indeed coming down, however it has only dropped to the lowest during 4th Feb at $57k, as indicated above. So those buyers who got in during this Feb 4th window are the biggest winners now.
The last three prices will show that COE will hardly drop beyond $50k, well at least we know what to expect from now on. Lets hope for the best in April.
Data from Onemotoring