Whats going to happen to the stock of new cars @ Rick Damelian Dealership in Sydney

**praja6** · 20-09-2011 10:31 PM

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/

**furythree** · 21-09-2011 12:11 AM

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

**Fredoops** · 21-09-2011 12:34 AM

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

**I CU2** · 21-09-2011 01:57 AM

Free trade will kill our already non-viable car manufacturing industry.

**kryptonite** · 21-09-2011 08:45 AM

Originally Posted by praja6

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/

wow thats really interesting

**buddah51au** · 21-09-2011 09:57 AM

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.

**Irving** · 21-09-2011 06:34 PM

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

**furythree** · 23-09-2011 06:04 PM

they shud give citizens a bailout, then we will start spending again

**Fredoops** · 23-09-2011 06:39 PM

Originally Posted by furythree

they shud give citizens a bailout, then we will start spending again

Vote krudd back in and they'll give u another stimulus package.

**I CU2** · 23-09-2011 06:41 PM

I vote for the people who drive Prius'.

**Fredoops** · 23-09-2011 06:49 PM

Originally Posted by Irving

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

Of course there will be a double dip, real asset prices didnt fall in the last recession (par the American housing market).

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.

**Irving** · 24-09-2011 01:26 AM

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!