COE analysis December 2nd round

This round COE tumbled quite a lot. Cat A down $2,595 to $9,605 and Cat B lowered $1,500 to $12,889. Market watchers said that the demand is still weak and show room is still very quiet. This might be due to school holiday where many people are aboard. Although CAt A COE has breached the $10k barrier, insiders feel that it will not sparked a buying frenzy unlike the previous sub-$10k COE period. The first reason might be that the next 2 weeks has many holidays and less time to collect orders. Another reason is that there are not much good car deals lately. So expect to see a stable or lesser COE next round.