Luego gone under

[gingerprince]

Haven't seen this posted here so I thought I'd mention just in case anyone didn't know.

It appears that Luego (makers of Velocity and Viento) have ceased trading.

www.locostbuilders.co.uk/viewthread.php?tid=43386&page=1

Bad news for the kit car market, and for anyone mid-build who may not have all their bits

>> Edited by gingerprince on Monday 24th April 13:56

[fuoriserie]

I'm sorry to hear this, but I guess it was a matter of time before we had this type of news .
Toomuch competiton in the same niche market, with prices too low to make a decent profit.

I always wondered how they, and all the other manufacturers, made a profit in this very competitive niche , maybe now we know that they didn't ... like all the others???.

I'm afraid this is just the tip of the iceberg.................I've heard that things are not as rosy as they seem ....

Wish this industry well, but things are going to get worse before they will get better, but will wait for judgement after Stoneleigh 2006.

If we don't see a lot of new stuff at the biggest kitcar show of the year, then.......

[_VTEC_]

A huge upset for the low-end kit car market. Just glad I got all the parts from them that I couldn't other get from donor companies.

Was hoping to get some weather protection from them but looks like I can't even get that now.

My condolences to the Luego team and anyone who has lost out from this development.