Out­look for 2015 and 2016

Simply Her (Singapore) - - SmartShopper -

Be­cause of the bumper crop of COEs re­leased from 2004 to 2006, the num­ber of cars that are due to be dereg­is­tered in 2015 and 2016 is ex­pected to in­crease, which means more COEs will be re­leased. Vynn Tan, mar­ket­ing manager at Wearnes Au­to­mo­tive, is op­ti­mistic that this will soften car prices. But the large group of own­ers scrap­ping their cars also means the de­mand for new cars will cor­re­spond­ingly in­crease. If COE prices fall, it will al­most cer­tainly trig­ger a buy­ing re­ac­tion from cus­tomers, which will push up prices again, pre­dicts Volk­swa­gen Group Sin­ga­pore.

Newspapers in English

Newspapers from Singapore

© PressReader. All rights reserved.