Hi guys,
Just curiously as we all know rick damelian dealership is under receivership. Whats going to happen to the stock of new cars in the dealership?
Do you think the administrators will try to sell it for cheap price to recover the debt ? I am looking for a 2nd car probably a brand new civic VTI auto and wondering they may able to sell it for good price and warranty still covers by Honda i believe if its brand new car.
Thanks
Usually deslers dont own the car is just leased to them until a customer buys it. they will be spread out to other dealers i would imagine
Back to Honda.
Ah ic. that means they give back the stocks to their particular manufacturers? hmm.. i thought they gonna sell it and get the money.. As per the customer FAQ in the website, it says the administrator are deciding on the current stock something..
+1 on thatQuote:
Originally Posted by Fredoops
Honda is not going to allow Rick to do a firesale to raise cah, imagine the bitching from other dealers
The administrator would more then likely be honda australia
incorrect.Quote:
Originally Posted by marquee
the current administrators would be the external specialists / accountants from Ferrier Hodgson.
these people will help Ricky group to manage the bankruptcy processes / liquidation / selling off assets / making employees redundant / etc.. and most importantly to make sure the bills fr Ferrier Hodgson get paid first!
most of the new cars stock on the floor would be under loans from the banks. technically when a car is sold to a customer the loan must be repaid within 24 hours. (i used to deal with these stuffs).
so, the current new cars stock could be transferred back to Honda Aust / sold to other dealers and the loan transferred to that dealer.
Thats right, I used to 'work' with administrators and liquidators.... Bunch of legalised crooks imo.Quote:
Originally Posted by natnat
just wonder how they manage to end up owing so much money
i think the media reported overstated loan amount, ie: incl all the floorplan / loan for cars held in stock.Quote:
Originally Posted by tron07
but calling in a receivership (ie: the Ferrier Hodgson) is usually a last resort strategy to fix things up...
Fix? dude. lolQuote:
Originally Posted by natnat
Lets start with hwo CRAP their customer service is... I went there before when I was in the market for my CU2, they make my wive and I wait 1hr before someone actually approach us and ask what can they do for us. After I told them I'm lookin to buy Euro, he walk of and come back with the price list.Quote:
Originally Posted by tron07
2 Larke Hoskins dealers have gave me price range (around 36k-37k for base model) and RD gave me $41k for demo! I asked them how come I got lower price from Larke hoskins, they answer is "why dont you buy it from them?"
So happy when I heard this news! :thumbsup:
question... are you Asian?Quote:
Originally Posted by denot
Cause you get great deal and service from Larke if you're Asian...... Paraj from this forum can vouch that point.... he got crappy service.
But.... I got my car from larke hoskin, and I can tell you they WILL fook you up the backside on servicing lol
Ha Ha, Sounds like the IMF. Did you read about it's EX.... Got a Hero's welcome. Want's to run for President.Quote:
Originally Posted by Fredoops
I can't agree with that!!!Quote:
Originally Posted by Fredoops
LH at Homebush gave me great service. I only wish I had bought my CU2 there :thumbsup:
Arn't we all Asians?
Rick D's place was too flashy for a Honda Dealership. Someone's gotta pay for all that Bling.....
when I want to buy my CL9, I went to RD as well, but the guy didnt want to nego with me, so I went for a drive to the one at homebush and then later to Trivette at Paramatta. Got from Trivette as the service was good and they were willing to give me a pretty good deal.
i thought RD was always customer oriented... well at least when i bought my cl9 back in 07..
they gave me the best price and their customer service compared to larke hoskins was way better.(and yes i am asian)
all i remember was complete ignorance from larke hoskins..RD offered me 40k for auto lux cl9 while larke hoskins could only do 37 for a standard auto.. so yeah .. maybe times have changed.. and maybe RD managements gone down.. (y)
HI Fredoops,
WHen i was looking for a CU2 last year in end of March only Rick can be able to do that cheap price and i have had a bad exp from Larke Homebush. I am not sure about the service @ Rosebery, the guy @ Rosebery i spoke with seems very friendly, however on the phone he also told me if i look for a base auto with the accessories i want(5yr warranty with roadside and genuine rear p ark assist)below 35k, its a touch deal. However when i talkover the phone with Homebush Larke, the guy told me(this salesguy was recommended by a work mate) if i look for base model below 35k, don't waste our time...
I actually been after that to Homebush and i was like got abused with them the dude told me that he will give me money and can i buy the car for him? then only went to RD, service was great and it took sometimes to achieve the deal and i was very happy with the service.
I also like trivett parra service, however they could not do the price i wanted that time. For all these dealers i showed my genuine interest i was going to buy the car, only RD can do it that day, it was 31st of march after 3pm... Even after i bought the car their service was good, they contacted me time to time and ask how my car is going, is anything else they can be able to help etc etc..
I bought it from RD, however from day 1 i took my car for service to Trivett Parra as its closeby and i have no problem at all. For my last service for oil change i asked them to put fully synthetic Honda FEO ultra oil and they used it and they gave me the full can of their semi synthetic oil to me(which they normally use for the servie for oil change)..
I am not sure i had been treated like that @ larke hoskins @ homebush its because i am not an asian(indian background)? It may be just a day.. I am not sure.. or i am also not sure is that how they normally deal with customers..or that salesdude may have had bad day that day and his attitude was like that..
Now honda prices drop and base model auto can be achieve for 33k driveaway without much haggling for my12 one.
Quote:
Originally Posted by Fredoops
@denot & irving....
I made the Russel Peters "asian' mistake...
http://www.youtube.com/watch?v=aLe3YmgCBVs
Guys, The way I see it, it’s about building a relationship with your local service centre/mechanic etc...
If you simply ring up and say “Can you sell me a CU2 (on the road) for 28k”, most sales guys will tell you to #@$% off. Same with the servicing....
When you get to know people, it becomes a lot easier to do a mutually agreeable deal (in most cases).
Remember, the guy at the shop wants to sell you a car but not loose money on the deal so the dealership goes under. In some cases, you may get a car which has passed it’s sellby date (Car has been sitting on the yard for some months and the dealer needs to move it).for the price you want.
@Fred: Asians are more picky and push harder when haggling. LH gets a lot of Asians coming there and LH seems to look after them.
Irving,
You are correct in terms of building relationship with dealers.. Correction, i never rang dealers and ask over the phone can you do this price or this. I asked them what the range possible? Below 35k was possible or not? Larke mentioned instead of saying try and come to dealership to see, they said straightaway don't waste the time. I did go as well to see what they do and got abused with rude word. I don't know the attitude of Rosebery, but the guy i talked over the phone seems nice, so their service may be better than homebush..
When i rang Rick, they said ok, lets come and we can try to lookafter you or we will try to give you accessories. Same with Trivett. Trivett could not do the deal, but rick did that after some haggling. What i can see may be Larke already got their targetted for that month and dont want to talk a deal in loosing money in it, as last year in March the price was 40500 driveaway for base auto..
However i noticed one thing, i saw many hondas with larke hoskins rear number plate or in rear mirror. I rarely seen with rick damelian one... May be its true Larke sells more honda than others?
Back when I got my CL9 in 2004, Larke Hoskins wanted $37500 for the base manual which was essentially rrp + driveaway costs. Rick Damelian gave me $34000 driveaway with mats, mudflaps and premium number plates.pity that they were not giving the best prices anymore going from the posts in this thread.
All comments about how good and bad RD is, they are the one who are in trouble at the moment.
But from my personal experience, they are so deserve it (note: Just remember that we have the same treatment as well when we are looking for the Civic sports back on 2006)
Attachment 19967
Praja, Civic looks pretty cheap at LH.
How about this:http://editorial.autos.msn.com/10-ca...75>1=22009#3
Honda Civic Euro-Spec
Our European friends are getting a different model Civic, built in the United Kingdom, with some features we'd like to have seen in the U.S.-spec model. The Euro Civic is a 5-door hatchback available with a variety of engine choices, including the 2.2-liter 4-cylinder i-DTEC turbodiesel, but what we really like are the shorter wheelbase, exterior styling cues and slightly more upscale interior.
Attachment 19968
just drove past RD just then... and why the hell is the lights on all showrooms still on... talk about having lots of debts... whos gna pay the electricity bill... dumb f**ks
this civic looks pretty good.. compared to the sedan.. less aggressive than the older hatch tho...Quote:
Originally Posted by Irving
Thanks Irving. that civic price is honda offer, not only for larke.. its runout model. i would buy it if they offer me auto for less than 20k lol
Quote:
Originally Posted by Irving
First thing I did when I got my CL9 was the scratch/remove the dealer's name from the rear number plate. :DQuote:
Originally Posted by praja6
Aimed at the Audi A3, VW Golf and upcoming Mercedes A-Class - Perhaps more competition for Honda????
Attachment 19983Attachment 19984Attachment 19985
New Jensen Interceptor
Attachment 19986Attachment 19987Attachment 19988
First pictures of revived British classic surface ahead of its on sale date in 2014
Read more: http://www.autoexpress.co.uk/news/au...#ixzz1YULyt2jn
http://www.carbuyer.co.uk/reviews/ja...on/video#video
Car of the Decade: Jaguar XF
Manufacturer of the Decade: Lexus
Most Improved Manufacturer of the Decade: Hyundai
http://www.autoexpress.co.uk/news/au...ver_power.html
Everyone's innovating. Honda seems to be one of the few just plodding along. Even Mazda has their SkyActiv engine for better fuel economy. Honda is still relying on the same hybrid engine from the civic years ago. And now they don't even have the performance models.
Watch this video.
Are we likely to get these in our lifetime? No
http://www.bbc.co.uk/news/business-14979817
Guys,
pleae see this link. how most lux cars are cheaper in uk and usa and expensive in aus.. Only HOnda accord is cheaper here, no idea why....
http://blog.privatefleet.com.au/car-comparison-data/
u noe praja
ever since u joined this forum, every one of ur posts has been orientated with a hint of buyers remorse. i have never met any1 who keeps trying to research the price and value of their car years after they bought it as if depreciation is new to them.
and then you try to justify whether honda is good or not, or wheter u got a good deal or not, and whether each dealer was good or bad for watever reason.
srsly, u dropped $40k for a euro. You own it. Its done. Who gives a damn if prices get cheaper, or other countries have different models at different prices or Rick damelian dies
the reality is, your money is gone, you now own a euro, you dont live in a another country so you gotta pay the down under tax (we are a tiny market) and there is more than one honda dealer.
so please...lets move on. whats the point in discussing it. one tiny honda community isnt gunna change the pricing structure of the australian auto industry and we arent gunna influence how honda goes about its business model or what cars it develops.
and for those basing their stuff from what they read in the papers, stop quoting the tabloids...they overexaggerate everything. anything to sell a headline these days
As I said in another forum... If there's enough people complain about the same thing then 'something' will be done. It's just the way democracy works. Hell, you don't have to even have enough people, just call up Nick Xenophon...
Seriously tho, if the car industry can lobby for a free trade with some random country like Thailand so Honda and Toyota can have higher margins on their cars, why can't the consumers (or consumer action groups) lobby for a parallel import scheme? Like what UK experienced 10 years ago?
Because there is not enough complaining, not enough buyers remorse. Uneducated people who'd rather blame the Govt for LCT(which by the way, was introduced because the car importers were rorting the tariff system) and the measly 15% tariff + GST on Wholesale price than seeing the profiteering by the car makers.
Just my 2c
Free trade will kill our already non-viable car manufacturing industry.
Quote:
Originally Posted by praja6
wow thats really interesting
Personally, I cant see how anyone can complain about the price of the Euro's. Back in 1994 I brought a new CD5 accord VTI for a touch over 42K, the current Euro is the series update of that model over 17 years & we are getting a lot more for our money now. The way i see it is the current Euro costs far less than the equivilent model 17 years ago so what do we have to complain about.
Add to that, we are earning a lot more these days, although the cost of living has increased substantially. The bottom line is we are getting a lot more car for our money now than we were all those years ago.
The drop in prices can be attributed to cutting supplier and dealer margins, Automation in manufacturing and general streamlining of processes. Basically, cost cutting coupled with a stronger A$. Also a sign of the times....
The Aussie economy is coming under pressure with the ASX down more than 20% firmly in Bear Market territory, awaiting a likely EU breakup which would put an end to the Euro (currency). Contrary to what the mainstream media tells you, the world economy is on the precipice. The Aussie property market with the median house costing around 8.1 the annual average income making Aussie property prices among the most expensive in the world and firmly in bubble land will most likely pop.
And then there is China, a bigger bubble which will have a major flow on effect for the Aussie economy.
The DAX (German stock market) recently hit a low of 5000, down from 7500 (-33%)
The CAC (French stock market is down from a high of 4150 to 2950 (- 29%)
Greece, Itally, Spain, Ireland and Portugal (PIIGS) are basket cases.
The USA is more the $14 Trillion in debt with it’s citizens loosing their homes, no jobs and having their cars repo’d . 45 million of it’s citizens are living off food stamps. The situation is desperate for the average person, with Wall Street and the Bansters getting bailouts.
And China who is supposed to save the rest of the world won’t be able to save itself...
House, car and other assets are going to get a lot cheaper. imho
they shud give citizens a bailout, then we will start spending again
Vote krudd back in and they'll give u another stimulus package.Quote:
Originally Posted by furythree
I vote for the people who drive Prius'.
Of course there will be a double dip, real asset prices didnt fall in the last recession (par the American housing market).Quote:
Originally Posted by Irving
The thing about car prices etc, I don't know how te price would fall considering the raw material prices would likely to maintain stable (or at least not fall at the same rate as other prices, because miners etc will just reduce production, OPEC style).
IMO euro is still one of the best thing happened to Europe in concept. It's just there are some dodgy operators like Greece, "one rat ruined an entire bowl of soup" so to speak. What the ECB should do is kick greece outta euro currency,isolate the loss within Greece itself. And get on with fixing span and Italy, where the taxation system sort of works.
Bailouts for all - Lol would be the simple solution. However, Merkel has her hands full with the German Voters voting against her party with even the Pirate party getting more votes at a recent by-election....lol
Greece fudged it’s books in order to get into the EU. If Greece defaults on it’s debt (bonds) a couple of French banks stand to loose 100s of Billions of Euros. Hence, Sarkozy’s efforts to get the Germans to continue spearheading the bailouts.
The Greek stock market was down some 85% the last time I checked. If Greece fails, there is a very good possibility of Contagion to Italy and other EU countries including Austria, Poland etc. Spain, Italy and Portugal are in real trouble atm. My opinion is that the Euro will fail, with member nations reverting back to their own currencies. As for the EU, it’s a very difficult call to make...
House prices have crashed in most developed countries with the exception of Canada and Australia (these are now coming under pressure). China’s housing is firmly in bubble territory with entire cities remaining unoccupied (ghost cities). All bubbles end one way (badly). Contrary to what the Aussie Banks (with vested interests) will tell you.
The demand for raw materials will subside as China has already stockpiled plenty of Iron ore, Copper etc. BHP and RIO are well off their recent highs and firmly in bear market territory. Gold and Silver are in for a rough ride with Silver down near 10% yesterday and looks pretty much the same today. The last bastions of safety coming under selling pressure, a precursor to a major selloff with a flight to safety of the USD. The Aussie $ is also coming under pressure.
The Sovereigns are in much worse shape this time and may/will not be able to bailout the Equity markets and Banksters. People are going to feel a lot poorer than they did last year. House prices will come under pressure and the argument of supply and demand will be replaced by a crisis of affordability imho
Car prices are not very high (30 to 50k with a drop of 5 to 10%) in the scheme of things when viewed in context of the economic problems facing the world.
Disclaimer: This is not financial advice!
I heard that Krudd got Knifed in the back by the wicked witch who now want's to introduce another TAX (Oh, they call it the Carbon Tax) lol....Quote:
Originally Posted by Fredoops
Don't be fooled, any tax imposed on industry will be passed on to the consumer with interest.
Bring back Keating or Howard, I say.
Emission trading scheme was Howards idea.
And price passing to consumers? That was the whole point.
I'm not going to assume anything about China on the bubble, simple because they dont play the same rules, eg: If the stock market crashes? They simply shut down the whole market till the thing blows over. Large company on verge of collapse? They don't bail them out, they take over the sonovabitch, and run it as a state enterprise. Thing is, chinas domestic demand (par real estate in major cities) is still rather low, and wages also rather low, so China has a lot if wiggle room. Besides, a recession will deflate prices, which is good for the average Chinese citizen.... Win win...
I do support putting a price on carbon... And taxing the miners for that matter.
+1Quote:
Originally Posted by buddah51au
i paid around $36k back in 1996 for a new Civic EK Sedan VTI manual... (definitely paid too much!!).
Sydney's housing situation is pretty unique, for inner city (25km from CBD or less) too much demand, not enough supply, thus pricing skyrocket. I doubt there will be any bubble bursting for these properties, perhaps just a minor correction.
For outer surburbs thats another story, seen whole streatch of property with the for sale sign at those small townships far away from CBD like those near towards wollongong, stanwell park and blue mountains, etc...
Really? Last time I checked the development site next to sth cross drive in zetland (Victoria square) is still selling, I remember they were selling that place when I was a kid... 10 years ago, and the place still hasn't been built.
2 bed appt at zetland & waterloo area cost like 600k or more... for that kinda of money you can get a house if you drive out toward westQuote:
Originally Posted by Fredoops
Yes, Although off their highs, the Inner West has held up very well. Perhaps better than the rest of Sydney.
The person who bought my place last year paid a record price for the street. Had to take out a >$Million mortgage. With that kind of a loan it comes as no surprise that there is less disposable income. Throw in a financial crisis into the mix coupled with job losses and distressed selling can quickly drive prices down.
This has happened in the US and UK. Having lived and worked extensively in all three countries - USA, UK and Australia, I can't see why it can be any different this time.
As for the Carbon Tax - Tell me how 20M people can make any difference to the Carbon pollution problem. China and India must get onboard and I can't see that happening any time soon. Perhaps Gillard should appoint another committee to look into it (at great expense to the public).
The Stock Market is enjoying a snap back relief rally atm. Nothing has been solved. The problems remain.... Greece has no option but to default, which will then lead to the two big French Banks failing. German banks are also exposed. The contagion will then spread to Italy, Spain and Portugal. The days of the Euro are numbered..... imho
The situation is dire with politicians trying to find a solution but they are only able to kick the can down the road.
China is already trialing a carbon trading scheme, and the central government grades each province on their 'Green' credentials, not that the western media will ever report on this.... Difference between China and here is that the Chinese has one of the worlds largest "Green" industry already (look at where all the solar panels were made) and enough capital to buy themselves to 'green-ness' if needed... overnight (so to speak). China also has access to nuclear power, 14 reactors and 27 in construction and another 50 odd planned (despite fukushima event).Quote:
Originally Posted by Irving
India also has access to nuclear power, and the majority of their industry is not energy intensive compared to China/USA/Australia
20 million people will not make a difference, no. But the trading scheme should be a boost to the domestic alternative energy industry, and used as a social engineering tool. 2 birds with one stone, despite how dishonest it seems.
A Carbon Tax or any new tax is not the answer to the problems facing us. It's the wrong thing at the wrong time, with the world facing a depression worse than that which followed the 1929 stock market crash.
Nuclear Power is extremely hazardous and polluting. Just look at Fukushima....And what about the radio active waste??? Europe is looking to move away from Nuclear power due to it's inherent dangers and pollution.
The awful truth is that the technology exists for a greener planet (Hydrogen fuel cars, solar and wind power for every house). However, the governments are addicted to taxation from fuel exercise that the greener options are not encouraged. It can almost be viewed as a conspiracy by the major oil companies and governments.
Particular notes on Real Estate and Commodities prices.
http://www.youtube.com/watch?v=FNSHqyMZTqw