Generally, when COE prices start climbing, used car dealers start bumping up the price of their used car listings on Sgcarmart. Naturally, car owners would also expect the value of their cars to spike.
Here at Sgcarmart, we see an average of about 7000 to 8000 cars listed for sale per month. But that number dropped in September, meaning that used car dealers are not snapping up used cars as quickly as they were before.Used car dealers are getting more selective about which cars they want to take over
What would happen if the used car dealership decided to mark up the price according to the rising COE price? Will buyers be able to stomach the higher used car prices? Probably not.Some external factors might further contribute to a lower car resale price.Earlier in June 2022, petrol prices shot up, with 95-octane fuel hitting an all-time high of $3.26 per litre.
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COE quota to drop by 13.7% for the November to January quarterSINGAPORE: The Certificate of Entitlement (COE) quota for the November 2022 to January 2023 bidding exercises will fall by 13.7 per cent. A total of 9,128 COEs will be available for the quarter, said the Land Transport Authority (LTA) on Friday (Oct 14). This is a decrease from the August to Octo Inflation related It’s official. Cars are only for the Ultra rich. Not even a decent pay can get you a car anymore
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Lower COE supply expected in next three months, quota expected to increase only from 2024The anticipated reduction in COE supply would keep premiums - which have been soaring in 2022 - at a high level. Read more at straitstimes.com.
Source: straits_times - 🏆 5. / 69 Read more »
COE quota to drop by 13.7% for the November to January quarterSINGAPORE — The Certificate of Entitlement (COE) quota for the November 2022 to January 2023 bidding exercises will fall by 13.7 per cent.
Source: TODAYonline - 🏆 1. / 99 Read more »
COE supply for Nov to Jan to fall by 13.8% to about 3,040 per monthThe supply of certificates of entitlement (COEs) for the period between November and January 2023 will shrink by 13.8 per cent, with the quota for commercial vehicles taking the hardest hit. In all, there will an average of 3,040 COEs available for bidding across the five...
Source: thenewpaper - 🏆 7. / 63 Read more »
COE supply for Nov to Jan to fall by 13.8% to about 3,040 per monthMotor traders were expecting quota to be reduced, but some were surprised at how much supply will drop. Read more at straitstimes.com.
Source: straits_times - 🏆 5. / 69 Read more »
Lower COE supply expected in next three months, quota expected to increase only from 2024The anticipated reduction in COE supply would keep premiums - which have been soaring in 2022 - at a high level. Read more at straitstimes.com.
Source: straits_times - 🏆 5. / 69 Read more »