It is not just CAT D COE price that is high, general costs in all aspects of our life have also started creeping up. We hope the general price inflation would soften once the Russian-Ukraine war ends.
However, many sceptics believe prices for many essential items would not return to level we seen a few years, e.g. before COVID-19 merge.
As an industry, we have to start thinking about how to justify charging the customers more. One may continue to charge your customers at the current rate, but you may need to close more sales and work longer hours to cover the increase in operating costs.
The ExCo is looking into introducing standards to uplift our motorcycle trade industry. Through the recent Operation & Technology Roadmap (OTR) workshop , the team had identified areas that would help improve both operational efficiency and end customers' experience to combat raising costs.