Friday, October 17, 2008

COE Prediction - October 2008 2nd Bidding Exercise

The stock market crashes over the last two weeks have made headline news. With the current sentiment so gloomy, I do not expect many new orders for the dealers. I have seen today's Nissan advertisement offering the Latio at less than $50,000. Now, that is a clear sign of dampened demand and fear of the recession impact.

Prediction on October 17:
Category A: $10,000-11,000
Category B: $11,000-12,000

Verdict on October 22:
Category A: $10,989
Category B: $7,589

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