It can predict that COE for the coming months will be in the down trend. However, the car price seems not follow, why?
I have done some research and study, the car price compare to last year where the COE is still above 50,000, the selling price is lower than now. Although it is not significantly lower, it does show that the car maker needs to maintain their margin, the lowest price might just soon ve around the corner.
Taken into account of 2018, Singapore government will implement new Vehicular Emissions Scheme (VES), the consensus of car price across the board, whether it is category 1 or category 2, will have 10,000 or more increased.
From another perspective, economy outlook seems not in the bright side and facing some downside risks, such as US to shrink the balance sheet, tightening of monetary policy of China as well as high mounting debts of China banking system.
In this scenario, do you think it is worth ro buy new car now?
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