COE Prices finally plunged by $40,000, is it time to check out whether we can buy a new car?

SINGAPORE: Certificate of Entitlement (COE) premiums for November's 1st bidding has just been released, and it has significantly dropped by $40,000 (US$29,500) from the latest tender exercise on Wednesday (8 Nov).
Premiums for Cat A fell by $10,311 from $106,000 to $95,689.
Cat B has dropped by 26.7% from $150,001 to $110,001.