{"id":1376,"date":"2011-12-28T15:36:47","date_gmt":"2011-12-28T07:36:47","guid":{"rendered":"http:\/\/www.tzlee.com\/blog\/?p=1376"},"modified":"2011-12-28T15:40:22","modified_gmt":"2011-12-28T07:40:22","slug":"used-car-prices-are-coming-down","status":"publish","type":"post","link":"https:\/\/tzlee.com\/blog\/2011\/12\/used-car-prices-are-coming-down\/","title":{"rendered":"Used Car Prices are Coming Down"},"content":{"rendered":"<p>As <a href=\"http:\/\/www.tzlee.com\/blog\/?p=1361\">predicted<\/a>, it&#8217;s happening. Used car prices are coming down. It may be partially due to the fear of an impending economic crisis but I believe the problem is more micro than that.<\/p>\n<p>I&#8217;ve been watching the market for a while and there are many cars sitting at the stealer(dealer)ship for months. A lot of people are selling their cars either because they want to make a quick buck or because they got an impressive overtrade for a new VW or BMW. Whatever the case is, the used vehicle population is only growing.<\/p>\n<p>Right now there&#8217;s 22,283 <a href=\"http:\/\/www.sgcarmart.com\/used_cars\/listing.php?VEH=2\">used passenger cars<\/a> on the market in sgCarMart. There&#8217;s currently about 600,000 passenger cars on the road and that makes up nearly 4% of the car population. Based on COE current quota allocations, this is about a years&#8217; supply of vehicle for the entire nation. If the average vehicle depreciates about $7,000, the entire used car market stands to lose a total of $13m every month.<\/p>\n<p>Let&#8217;s check back in 1-2 months and see how this vehicle population has changed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As predicted, it&#8217;s happening. Used car prices are coming down. It may be partially due to the fear of an impending economic crisis but I believe the problem is more micro than that. I&#8217;ve been watching the market for a&#8230; <a class=\"more-link\" href=\"https:\/\/tzlee.com\/blog\/2011\/12\/used-car-prices-are-coming-down\/\">Continue Reading &rarr;<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[11],"tags":[319,315,326,282],"class_list":["post-1376","post","type-post","status-publish","format-standard","hentry","category-automobile","tag-cars","tag-coe","tag-sgcarmart","tag-singapore"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/tzlee.com\/blog\/wp-json\/wp\/v2\/posts\/1376","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tzlee.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tzlee.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tzlee.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/tzlee.com\/blog\/wp-json\/wp\/v2\/comments?post=1376"}],"version-history":[{"count":6,"href":"https:\/\/tzlee.com\/blog\/wp-json\/wp\/v2\/posts\/1376\/revisions"}],"predecessor-version":[{"id":1382,"href":"https:\/\/tzlee.com\/blog\/wp-json\/wp\/v2\/posts\/1376\/revisions\/1382"}],"wp:attachment":[{"href":"https:\/\/tzlee.com\/blog\/wp-json\/wp\/v2\/media?parent=1376"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tzlee.com\/blog\/wp-json\/wp\/v2\/categories?post=1376"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tzlee.com\/blog\/wp-json\/wp\/v2\/tags?post=1376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}