It's the Economy stupid.Carville: Clinton vs Bush.BWYRW.LAM
Discussion
I will try to pre-empt the incoming flak , by stating the obvious. , which is that price , money and value are perfectly legitimate , even necessary , topics for any car forum .
The Aventador SV thread highlights Aventador oversupply .
But just look at the Murcielago market …...the same old stock for the last 4 years , barely moving .
The fabled Countach…. are they really selling ?...….or is it just hopeful punters , both dealers and private sellers , asking for extraordinary prices .
Some research for a book led me down the ''economic cycles'' lane . Truly sobering reading , for whatever asset class you choose to look at .
Sticking to Lamborghini , the first ripples of the 1973 stock market crash were felt in , amongst other places , Bolivia , and led to the cancellation of an order for 5000 tractors from Lamborghini , which directly led to Ferruccio Lamborghini losing control of his car business.
Almost similar story with the X-BOW in the 2009 recession---saved by the financial might of Stefan Pierer's KTM/Cross Industries group
Ditto , late1989 , when Countachs were being sold at 1/4 the price they commanded in early 1988.
Look at 1929 , and cash really was king , with the Dow Jones losing even more than the 45% it lost in the 1973 debacle .
And economic cycles are just that …..cycles.
Add oversupply to Brexit , Trump's personal war with his biggest creditors, the Chinese , and Italy's Salvini choosing to ignore basic monetary sense and sending the Euro down today , and any luxury commodity is a risky asset to invest in .
But surely that is the point : Buy that Supercar you REALLY, REALLY want , and you will never want to sell it .
BWYRW = Buy What You Really Want
Don't buy it on Credit , and you will never have to sell it
And this applies to any car ---- you can have great fun in a £3k Mk1 MX5
The Aventador SV thread highlights Aventador oversupply .
But just look at the Murcielago market …...the same old stock for the last 4 years , barely moving .
The fabled Countach…. are they really selling ?...….or is it just hopeful punters , both dealers and private sellers , asking for extraordinary prices .
Some research for a book led me down the ''economic cycles'' lane . Truly sobering reading , for whatever asset class you choose to look at .
Sticking to Lamborghini , the first ripples of the 1973 stock market crash were felt in , amongst other places , Bolivia , and led to the cancellation of an order for 5000 tractors from Lamborghini , which directly led to Ferruccio Lamborghini losing control of his car business.
Almost similar story with the X-BOW in the 2009 recession---saved by the financial might of Stefan Pierer's KTM/Cross Industries group
Ditto , late1989 , when Countachs were being sold at 1/4 the price they commanded in early 1988.
Look at 1929 , and cash really was king , with the Dow Jones losing even more than the 45% it lost in the 1973 debacle .
And economic cycles are just that …..cycles.
Add oversupply to Brexit , Trump's personal war with his biggest creditors, the Chinese , and Italy's Salvini choosing to ignore basic monetary sense and sending the Euro down today , and any luxury commodity is a risky asset to invest in .
But surely that is the point : Buy that Supercar you REALLY, REALLY want , and you will never want to sell it .
BWYRW = Buy What You Really Want
Don't buy it on Credit , and you will never have to sell it
And this applies to any car ---- you can have great fun in a £3k Mk1 MX5
Spoke to a few Lotus dealers yesterday -- both franchise and independent
(My 145,000 mile 1993 MX5 Series 1 has some slight rear wheel arch bubbling , and an S
2 Exige as a replacement would be lovely ---if I can still clamber in that is )
One very well known dealer tod me that they were no longer buying in any used cars , due to ''economic uncertainty '' .
Another said that the price hikes of the S2 over the last 2 years , means that it is currently overpriced .
Put that together with all the factors I mentioned in my first post , and the implications of Apple's warning yesterday , and it is clear that used car prices (Supercar or otherwise ) are probably on their way down .( the real rare , old ,24 carat stuff excepted )
Better get my welding kit out then , and try and hang on for another 12 months .
2
(My 145,000 mile 1993 MX5 Series 1 has some slight rear wheel arch bubbling , and an S
2 Exige as a replacement would be lovely ---if I can still clamber in that is )
One very well known dealer tod me that they were no longer buying in any used cars , due to ''economic uncertainty '' .
Another said that the price hikes of the S2 over the last 2 years , means that it is currently overpriced .
Put that together with all the factors I mentioned in my first post , and the implications of Apple's warning yesterday , and it is clear that used car prices (Supercar or otherwise ) are probably on their way down .( the real rare , old ,24 carat stuff excepted )
Better get my welding kit out then , and try and hang on for another 12 months .
2
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