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