Current COE prices
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Any updates for the current COE prices? I briefly heard from the news that the COE for all the categories dropped... I also heard that for one of the categories, it is the lowest for 16 years... Which category is that? I didnt manage to catch it...
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Cat A $ 5,200
Cat B $ 6,002
Cat C $ 1
Cat D $ 901
Cat E $ 11,804 -
so izzit a good time to buy new car? will e price of e cars drop?
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I think dealers will not reduce car prices by same amount the COE has dropped, simply because they know many people will rush in. But this COE bidding has definitely set a new low benchmark and people expectations for COE price will be lowered. So down the road we may be seeing average COE in the 7-8k region or even lower?
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which means that the next 2 rds of COE will go up to supply the increase in demands due to the low coe...Originally posted by kmkm:I think dealers will not reduce car prices by same amount the COE has dropped, simply because they know many people will rush in. But this COE bidding has definitely set a new low benchmark and people expectations for COE price will be lowered. So down the road we may be seeing average COE in the 7-8k region or even lower?
but should stabilise at 6-7k in apr.... but also depending on when gst goes up... -
Yes, the GST will surely motivate some people to book but the smart ones will know that the difference of 2% in GST only costs a few hundred dollars more to the distributor, as GST is levied only on the OMV and custom duty (which is 20% of OMV) i.e. 1.2 x OMV. So if OMV is $15k, the extra GST of 2% = 1.2 x $15k x 2% = $360 more, which can easily be covered if COE goes lower.
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website's COE chart tells the trend of COE prices!
I found a website that gives us a
graphical chart of COE prices,
from which if there is a pattern,
we will be able to determine/gauge
the trend of COE prices.
The website's
"Year-To-Year Comparison Chart"
is particularly useful for this.
From the charts on that website,
I already see that for the cars categories
(categories A, B, E)
this year's 2007 COE prices is on average
higher than last year,
and in some cases higher
than the last two years'
prices comparing year-to-year of the same months.
Take a look at it for yourself,...
You can see trend-telling charts for every
COE categories A, B, C, D ,E.
Checkout the charts of COE Prices:
http://www.COE-review.com/