Hi,
I hope i am not wrong here but believe the COE will dropped. Maybe
in one or two coming bids............
The reason being, car price has rise, and watcher like me will stay
put at this moment and will not be tempted to buy a car. Why? For
example, if i do not want to buy a kia picanto at 40500, will i be
willing to pay 42999? Of cos not..... so i will stay put and see
how the COE goes from here. Unless for people who needs car
urgently, else, all will stay put at this moment.
Also, another factor is that the interest rate had rise........ and
just like my 1st theory, it will put some people off.
Once the backlog for orders starts to clear, the COE will dropped
for sure, dispite being having less COE. However, this will also
mean to say that once the car price dropped, and that you don't go
in again to buy a car, the price will definitely rise for sure! So
my view is, go for it!!!! Its a matter of supply and demand.
Anyway new COE will be out soon, so lets take a look at them. All
the above is just my personal view, and hope i am right. 
cheers~!
