Slight decrease in COE premiums

[Alechi]

Slight decrease in COE premiums

 

COE prices fell slightly when bidding closed today, with most categories closing lower.

 

The premium for Cat A (cars of 1,600cc and below) closed at $18,150, down 1.9 per cent from $18,502.

 

The largest decrease was seen in Cat B, which closed at $17,889, or down 5.9 per cent from $19,003.

 

 

The open category, used mainly for cars, also closed at $17,889, down from $18, 509..

 

Premiums for commercial vehicles ended at $17,900, down $389, while premiums for motorcycles saw a $3 decrease to $851

 

 

[Leepee]

AD already said sales were poor the last few weeks.

But the AD was FAST to warn and predict that COE will raise by April, due to gov reducing the quota in April.

Its like "chi di wu ying san pai liang'.

Meaning AD are trying to 'scare' people into buying cars in Jan and Feb, to avoid the potential raise in COE price.

 

Look at the September quota cut, the raise was not substential at all.