[EvertonDiehard]

new car even more expensive ma.  new car price quoted by main dealer does not reflect total coe down price as the demand still exceed supply. by taking future supply to meet current bid means the future price will not come down already. so dealer will not quote too low list price in case cannot deliver then no face. hoping price will continue come down to 50k so can change car. after that think 80-100k will be norm. remember inflation. will also be reflected in car via coe.

The current pricing mechanism has caused a contraction with a multitude of marginal car owners giving up their wheels after the expiry of their COEs.  While it makes sense for the majority of the population in an urban metropolis to rely on public transportation, existing car owners are reluctant to give up something which has become an extension of themselves, and not merely a tool to get from point A to B.