COE analysis June 2nd round

Latest COE results out. Quite surprisingly is both Cat A and B drop over $1k. Cat A now $9,301. Down $1,901. Cat B is $11,001. Slide $1,199. During the last round, dealers slash car prices up to $2k. However, this does not attract many people to enter the market. A quick check with Toyota and Nissan shows that they further reduce car price by $2k. Now car price is really attractive! So I guess next round will up for at least Cat A cos it is not a common scene to have a COE for less than $10k. But I guess the new base line will be $9k in near future. Now people is so used to seeing $10k COE. So anything more than $10k is considered a lot. I feel a sub-$10k COE is coming real soon!