Money Week 2012 Episode 41
COE Quotas Further CutThe Certificates of Entitlement (COEs) quota will be further reduced in the next six months, with quota for small cars cut by 15%. COE premiums have been on the rise in the past years due to fewer COEs available, and industry players are expecting COE premium to hit $100,000 in the near future. How do car dealers cop with falling sales as a result of fewer COEs and higher car prices which reduce affordability? For buyers who are hoping to buy a new car, when will be the opportune time to enter the market?Stock Market Look Ahead Although the world is still faced with many downside risks such as the EU debt crisis and the US economic slowdown, key stock market indicators still put up a resilient performance in 2013 despite these odds. Are investors no longer worried about economic headwinds? Will the market be able to sustain its uptrend?