It’s out and if you are looking to renew your car, you will be happy to see the results below!
These are the results for the month of December 2018:
Cat A $27,571
Down by $2,099 compared to the month of November 2018
Our PQP prediction made before the second COE bid was for a fall of $1,434 versus the previous month’s PQP.
Cat B $31,553
Down by $568 compared to the month of November 2018
Our prediction was for a fall of $252 compared to previous month’s PQP.
Cat C $28,186
Down by $547 compared to the month of November 2018
Our prediction was for a fall of $215 compared to previous month’s PQP.
So Our PQP Prediction is “Off Target”?
We were right about the direction of the PQP despite making the prediction after the first bid of the month of November 2018 where Cat A had gone from $25k to $28k. We still saw that PQP was falling across all categories.
However, what we did not see is the amount of the fall, and that is good news to all who are looking to renew their COE, it has gone down by more than we predicted!
So while we are not as pleased for being not close enough for the predicted PQP, we are celebrating together with all our customers who will be renewing in the month of December 2018 – we have just saved them thousands monitoring their PQP (for those in Cat A) and for those in Cat B, a not insignificant $568 too.
An early Christmas present to them! Merry Christmas to one and all!