Will COE go up?

[Wogad]

replacement of scrap no of last year will be done in this year, it's possible LTA will issue more coe in Oct.

[Blueblack]

usually car dealer n car saleman will say up, never believe them !

It may will go down to a meaningless figure like few thousands after some time.

So far coe bid are determine by our car dealer since when u bid for your ?

If all buyer is going to bid for it yourself, how much u would be willing to pay ?

[Wogad]

COE is $3 less than last round although quota drop 500+. Back order on SE's hand is consumed, COE will drop again .

[Key_word07]

heard tat coe going to drop..cos demand low liao..how true is it?

[Zoom99]

Unlikely in short term.

because Agents still have backlog to clear.

 

If the "US-Iran War" saga continues, this would destablize the world economy.

This is like to cause some chaos and COE may drop cos everyone starts to adopt "wait and see" technique.

 

After 3mth from now, you should have a better picture.

[Key_word07]

ohhh...i see.

[Freestylers09]

ya i also base on this factor of US and iran matters and also middle east..just look at Oil price and our sg dollar vs Us..1.599 now..lowest in 8 years...wait is good

[Zoom99]

Yes the best is wait for the time being.

 

In the worst case where war erupts, provided your job security is solid, that's the best time to buy car.

 

For existing car owners like myself, there is not much benefit since "Sell Cheap & Buy Cheap."

[Rontheman]

Think a lot of people are going to adopt a wait and see attitude cause of the current high oil prices and also the higher interest rates. This will cause a downward pressure on demand and as a result COE and car prices should head south from now on. However, COE will probably find support at around the 8k to 10k mark as 8k was registered as the low level.

[Mama_mia28]

If COE going down, any chances of the loan interest rate going down too?

[Rontheman]

In the short term, interest rates look set to rise before stablizing next year.

 

COE prices for the next bidding is set to drop as dealers are encountering lower sales and have since dropped their prices. So naturally people who are contemplating getting cars now will want to wait for COE to go below the $10k before committing.

 

However, be aware that there is a 3 weeks window between the 1st and 2nd bidding for next month.

Edited April 23, 2006 by Rontheman

[Wogad]

This round 10003, drop 2k -

[Twnll]

  Quote

Unlikely in short term.

because Agents still have backlog to clear.

 

If the "US-Iran War" saga continues, this would destablize the world economy.

This is like to cause some chaos and COE may drop cos everyone starts to adopt "wait and see" technique.

 

After 3mth from now, you should have a better picture.

 

 

If war breaks out - petrol prices will go sky high - does not matter whether you own car or not.

[Vit4wd]

Public transport fares are next to rise, after General Elections.

[Rontheman]

Next round will go up 1k

[Triston77]

you sound very confident. care to share how you came to your conclusions?

looking at COE trends...it could go up i would say. but...how come you are so sure it's only 1K?

[Wtee]

IMHO, coe should rach all time low by Aug this year....

[Rontheman]

COE will continue to trend down. But I predict the next COE will go up because of the 3 weeks difference between now and the next bidding. If you look at previous COE records, COE prices tend to go up when there is a 3 week interval between the 2 COE bidding.