November Retails sales down 0.3% due to poor car sales?

[Zanter]

It is reported in Today's papers that car sales went down 21.9% in November.

 

My question is how can that be when the COE allocated is all snapped up? How many new cars bought is surely more a COE factor rather than a willingness to purchase? . If car sales dipped 21% I think COE will be $1 already

Edited January 16, 2008 by Zanter

[Miles]

believe the figure is based on car registration in november.

[Zanter]

One possibility is that there is a lot of cat E COEs bidded by PI's which have no buyers