COE analysis August 1st round

As I predicted, expect COE to go up. This round COE did shoot up quite an amount. Cat A up $1,098 to $11,901. Cat B up $1,901 to $12,501. This round of increament is fuelled by 3 reasons. First is the usual three weeks break. Second is the recent new models introduced into the market. Third is the fear of COE quota reduction in September quota review month. So expect the price to go steady or up a bit for the next few rounds. But according to newspaper, a cut in COE quota is unlikely. Hence, be patient and you will be rewarded by end of the year. Haha.