If you are planning to change your aging car or to buy your dream car, hold your horses! This is because more COEs will be available when more cars are disgregistered. This is because cars bought between 2004 and 2008 are reaching end of their 10 year lifespan. This is the period where the most number of COEs were available back then. Trend will continue until 2018. It may dip below $60,000 by next year and $45,000 in the next 3 years. This is according to the transport management expert Park Byung Joon. Well, let's see if he's right.
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