PRICE OF US MONEY!
10-22-2008, 12:22 PM
#11
Very true, there are two main factors that come into play for the S2k resale market
1. exchange rate - now that is sucks, importing is no longer a viable option for certain aged vehicles
2. because of #1, the rate of inflow of new S2k coming into the market is slowed down, less supply
Combined, you can logically assume that local resale values should appreciate in the neighbourhood of 10 to 15%. However, as with all market conditions, there will be a delay when this will occur, assuming x-rates stay low.
1. exchange rate - now that is sucks, importing is no longer a viable option for certain aged vehicles
2. because of #1, the rate of inflow of new S2k coming into the market is slowed down, less supply
Combined, you can logically assume that local resale values should appreciate in the neighbourhood of 10 to 15%. However, as with all market conditions, there will be a delay when this will occur, assuming x-rates stay low.
10-22-2008, 12:26 PM
#12
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if we all price our cars equal to the cost of importing one from the USA in todays dollars we will be ok.
the dealerships will then start to sell more (more than private as they will be priced lower) and the balance will work back out again.
it's like the stock market. there will always be those that want out right away (and they will be priced lower). if the majority are priced where they should be... yea you know
the dealerships will then start to sell more (more than private as they will be priced lower) and the balance will work back out again.
it's like the stock market. there will always be those that want out right away (and they will be priced lower). if the majority are priced where they should be... yea you know
10-22-2008, 04:46 PM
#14
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Originally Posted by PearlwhiteS2k,Oct 22 2008, 01:12 PM
The bank will give you .77cent even tho it shows .79 on TV. I was telling people left right and center to buy USD. Those who did are making a killing 
I remember thinking WTF? only a $150 premium for 15000 worth of USD?
Sadly... I didn't have boat loads of money to buy more, LOL
Now I need US money for my golf trip... and I hate it
At least I still have my car
10-23-2008, 04:46 AM
#17
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Only if you can see the future... it's a gamble.
I'm still not sure why the dollar is where it is now, with the economic condition of the U.S, the dollar should be weaker then ever.
I'm still not sure why the dollar is where it is now, with the economic condition of the U.S, the dollar should be weaker then ever.
10-23-2008, 06:16 AM
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Originally Posted by iDomN8U,Oct 23 2008, 07:47 AM
Funny thing is Canada created 100,000 jobs and it didn't even phase the Loonie one bit.
at this exhange rate there is no way i'm buying an exhaust and coils from the USA over the winter, ouch. pretty much 1k more that they were combined a month ago
10-23-2008, 06:56 AM
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American's in general are hurting right now. Obviously not the really wealthy ones, but everyone is feeling the pinch in some way shape or form.
It would be very very interesting to see evasive's or bulletproof's income statement for the past month compared to that of september or october 2007. I'm sure this comparison would prove the above and this is such a small category of consumer spending.
Last October, I would guess that a large percentage of car mods were purchased by those out of country be it canada, UK Australia etc. With the US$ showing strength right now (relative to CDN$), all or most of their over the border business has gone out the window because it's no longer economical for us to convert our money and buy from the US like it was.
A falling canadian $, coupled with the fact that US is generally poor right now is making things worse than ever for US businesses (the ones that are left anyway)
my guess is that tuner shops being firesales before going out of business.
It would be very very interesting to see evasive's or bulletproof's income statement for the past month compared to that of september or october 2007. I'm sure this comparison would prove the above and this is such a small category of consumer spending.
Last October, I would guess that a large percentage of car mods were purchased by those out of country be it canada, UK Australia etc. With the US$ showing strength right now (relative to CDN$), all or most of their over the border business has gone out the window because it's no longer economical for us to convert our money and buy from the US like it was.
A falling canadian $, coupled with the fact that US is generally poor right now is making things worse than ever for US businesses (the ones that are left anyway)
my guess is that tuner shops being firesales before going out of business.