Used Cars An Asset

The prices of cars here have shot up tremendously since the Government announced the increase in COE prices. Owners of second hand cars have been putting up their used cars and used rvs for sale since that announcement as I heard they can actually get a profit on their older cars or minimise losses! Its a funny economy where a car can actually turn out to be an asset simply from an announcement made by the Government. At least our car prices back home are consistently high!