The fall in the last bidding exercise is attributed to the start of the school holidays - most parents are away on travel with their children. On top of that, the high oil price will dampen the demand for the bigger c.c. lower end cars.
Demand will improve if more dealers cut their selling price. However, the raising cost of living will make it harder to do so. COE quota premium usually rebound a little after falling across the board in the previous round. This is what I observe from past trend.
Prediction on June 6:
Category A: $15,000-16,000
Category B: $15,000-16,000
Verdict on June 18:
Category A: $14,101
Category B: $14,689
1 comment:
Given the overall sentiment (keep going up) on the global oil price, and the slump in stock market, I doubt that there will be a lot of buyers in this round bidding.
The weekend Sunday Times front page on "Go Green" theme will also be at the back of people's mind.
Post a Comment