COE Prices

[BlueKelah]

COE prices for cars at eight-year lows
https://www.straitstimes.com/singapore/t...-year-lows
[At the close of bidding on Wednesday afternoon (June 20), COE premiums for cars up to 1,600cc and 130bhp dropped by 6.4 per cent to $34,110 - the lowest since November 2010.
For cars above 1,600cc or 130bhp, COE prices tumbled from $36,000 to $33,900, falling by 5.8 per cent. COE premiums for this category continue to remain at an eight-year low, surpassed only by March 2010’s price of $26,389. 
In the open category, which is for any vehicle type except motorcycles, COE premiums fell 7 per cent, from $37,000 to $34,400 - also maintaining at an eight-year low.]

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I would say COE prices are currently crashing. anyone planning to buy new car ?  or shall we wait till COE hit <10k again?
This could be a leading indicator of how our local economy is doing.

[opmi]

No la. Can be normalisation of Uber car hoarding, meaning buy a lot in 2016, now need to
clear.

[specuvestor]

Besides Uber I would think there is also an adjustment mechanism at play due to the VES, with new PM standard starting July

[BlueKelah]

yup could be the VES, as in the article they mentioned as well.

At the moment STI has gone down quite a bit from 3600 highs and May Manufacturing PMI showed a slight slowdown in growth.
http://www.xinhuanet.com/english/2018-06...229923.htm

So hard to say, will have to see what happens later half of this year with trade tensions and what not. But I do remember GFC times in 2018 COE prices started trending down from around april and really dipped when the OCT stock market crash came about.