COE / PQP FORECAST FOR NOV 2024 PQP DEC 2024 PQP JAN 2025 PQP/ RESULTS FOR PQP SEP 2024 PQP /PQP OCT 2024 PQP
Sorry for the weird title but I recently read about SEO and spamming keywords seem to be the way to attract more traffic to the website.
Not that I really care as my forecasts are beneficial to the target audiences and I am sharing my wisdom and knowledge for free anyway.
I heard a sugar cane recently from a buyer of one of our cars.. He actually follows our blog and is someone I know from outside of the car industry. How cool is that? Shout out to Notams if you are reading this.
Anyway, I realised I underestimated the power of blogging. You guys have taken some action to front run my prediction and caused a COE spike in September. All I can say is, well done as I’d do the same as well.
So what’s there to look forward to in October?
*Drum Rolls*
You guessed it! The Car Expo!
Happening on the first week of October. For the first time in a while I am predicting a higher COE for the next two months, followed by a drop in Dec - Jan period due to the holidays, and finally a more meaningful downtrend in 2025.
I predict that something surprising may happen during 2025, which is the CAT A COE possibly being very close to or higher than CAT B. This phenomena would be a result of many expiring 5 year renewals from 2019-2020, with the owners having no/low down payment due to no residual value on their cars. As a result, the demand for CAT A cars will remain strong, while the sheer quantum of CAT B cars being hard to afford for the average Singaporean Car Buyer.
Life happens brahs.
OK now to actionable advice. I was supposed to write this blog next month but I realise as I was eating breakfast that this is the last day of September so listen up and act accordingly.
IF YOU HAVE A CAT A CAR that is expiring in Sep, Oct or Nov or Dec 2024. RENEW THE PQP TODAY!!!!!!!!!! YOU WILL SAVE around 7K by the time December comes around. Yes, I am talking to you, CLA180 owners. That’s half a year of depreciation for your COE renewed unit.
IF YOU HAVE A CAT B CAR that is expiring is Sep, Oct or Nov Or Dec 2024. If your ARF is less than 50k. You can consider renewing it today, if your car condition is good with low mileage. If it is more than 50k, I think you are better off getting a new car at the Car Expo :p.
If you are puzzled and need some reassurance on what to do - book a paid consultation with me - it’s $999 to save up to $9,999 when you make a wrong choice on a big ticket item like a car.
Nov CAT A PQP prediction: 97,857
Nov CAT B PQP prediction: 109,699
Regards,
GingerBread Man