Cat A & B COE are valid for 6mths, non transferable.
Cat E also non transferable if under Co name. they are transferable only once; if its bid under individual name (sales person, admin staff of corporations are individual) Cat E are valid for 3 months.
if the bidded COEs for all cat are not used by the end of expiry, deposit of 10K is forfeited.
only upon regristration of the COE to a vechicle, the difference of the deposit(10K) and bidded price is payable.
thats y normally the big boys only stock on Cat E COE as they have alot of individual to bid for.
whats happening now I reckon is that 90K Cat E are expiring, dealer would
1) forfeit the 10K deposit for each of the spare COE they have
2) sell balance stock with newly bid Cat B; carry on to bid for Cat E at current 73K to replenish the thrown away ones
3) Sell new incoming car at same price, but with lesser options to balance off the additional taxes.
4) continue to support the Cat B prices at 70 -80K as the demand is always going to be higher than supply of cat B + E COE
5) end of the day, cat B & E COE is only used for big cars. Cat A prices will go down and cat b & E maintain and slowly inch upwards.
come 10th April, Im guessing
CAT A - 69K
CAT B - 78K
CAT E - 76K
maybe there should be a thread for COE price guess. lolx