COE analysis May 1st round

Like I say previously, $10k COE is about to come. Indeed. This round we already see the $10k COE for CAT A. Yesterday COE latest results is CAT A $10,003 which down $1898. CAT B is $11,519. Slide $1582. A quick look at the latest pricing of Nissan and Toyota show that they have slashed $2k off the list price. Such a generous slash might generate some buying interest. However, I feel rising interest rate and petrol will still keep people from changing cars unless no choice. Also, currently no new cars to generate buying fever. Indeed, reading newspaper where a car distributor manager said that no one is buying cars. Demand is still very weak. Any way, I feel next round might up a bit due to lowering of price and might create a few backlog. But I still feel a COE of less than $10k is possible.