Friday, July 11, 2008

COE Prediction - July 2008 2nd Bidding Exercise

My poll for visitors currently has three responses - 1 expected higher quota premium, 2 expected flat and 0 expected lower quota premium. Now that the time elapse from the last bidding exercise is back to two weeks, there is less time for dealers to push the sales. There is one major event - the Straits Times CAR-nival at the Singapore Expo next weekend may be the beacon to keep demand up.

My prediction would be a fall in the COE quota premium - likely outcome is 10-20% drop while a flat outcome may be possible if we have more favourable news on inflation and fuel price.

Prediction on July 11:
Category A: $13,000-14,000
Category B: $13,000-14,000

Verdict on July 23:
Category A: $14,101
Category B: $14,235

My poll closed with two more responses for lower quota premium.

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