This is a significant increase in supply. It is just impossible to smooth the bump. Prices should fall but who knows how much.
I blogged about this in 2011 reminding myself to review this when the time come. Should we be trading our current car for a new one in the months ahead? I need to study this more carefully.
Un...Unbelievable that it is impossible to smooth the bump...I cannot help but think the government is trying to engineer a drop in car price to further sweeten the ground for the impending GE.
ReplyDeleteWho knows, after GE, what changes are in store for COE supply when a "zero car growth" idea has been floated recently by Ms Josephine Teo.
Looks like GE in June.
ReplyDelete