Dec round 2 - COE market rounds off the year slightly higher

[Amazon777]

Catching some dealers by surprise, car buyers have been busy enough in the last two weeks to push the market higher

 

AFTER THE SLUGGISH response to COE bidding a fortnight ago, the market came floating back up this week to end off 2008 on a higher note.

 

The certificate for cars up to 1.6 litres and taxis (Category A) climbed $2,000 by the end of bidding on Wednesday to hit $14,001, while the COE for cars above 1.6 litres (Category B) ended the auction at $15,802, or $2,688 higher than before.

 

Meanwhile, the Open Category certificate (which can be used for any type of vehicle) wound up at the $16,000 at the close of bidding, making it $499 more expensive than a fortnight ago.

 

The results will have brought mixed feelings to the car trade, which generally has a love-hate relationship with rising COEs. On the one hand, when COEs are climbing, it

Edited December 31, 2007 by Amazon777

[Curahee]

At last he gg to do something with the problem

[Amazon777]

With the new transport policy coming next year which may have a sharp reduction in COE quota next year, wonder is it a good time for buyers to sign signed on the dotted line now.

[Curahee]

Buy now also no use, kena trap for many yrs and usage will be control. Drivers will charge for eveytime they use the car in future. If rich den not a problem, i think they more happy, no more car on the rd to delay their journey.