Weak Sterling effect on UK Porsche values?

[mollytherocker]

The pound is of course weakening against the Dollar and Euro. I would expect this to continue and worsen in the short to medium term, although that is another thread!

I guess this makes UK Porsches cheaper to those US and European markets? Could this bolster UK values of 'special' cars? I realise it will have no effect of the cheaper end of the market.

[mollytherocker]

Cheib said:

I dont see sterling rallying until Markets have much more certainty of what Brexit means. That's at least a year away,..probably more. Most car makers have FX hedges for a year or so.

Porsche prices will be going up at some stage in the next year or so...by quite a lot. That's not really going to impact the older cars but it will slow the depreciation of current models. It's making me think about buying a Cayenne.

I hadn't considered that, new prices will certainly increase! Porsche are not going to take a 15% bath are they?

A nearly new GT4 is looking like a very smart buy right now!

[mollytherocker]

IMI A said:

Its worth noting that Sterling may not stay weak against Euro.

If govts change in Germany and France to more anti immigration focussed parties who also want to withdraw from EEC the Euro will tank and I think this scenario is reasonably likely.

Similarly if Mr Trump miraculously pulls off a win in US elections can you imagine what will happen to the dollar. Give it 12-18 months....

More instability and uncertainty! Who can predict the economic or political machinations of the next 10 years?

[mollytherocker]

I am unconcerned about marmite prices as I have a YEARS SUPPLY!

Er... 1 jar.

[mollytherocker]

I dont see the 'BMW effect' being any advantage to us.

The English love buying BMW, Merc and Audi and will continue to do so whatever!

It doesnt give us any power whatsoever.