Interesting post by 200BHP

R

Rob84

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Andy was saying on ITRO if the GBP was to drop to the same level against the Yen as 2000. A new FD2 would cost 29K!

It all came about w he was chatting abut the rising cost of a DC5.......which is good for me :) But bad as I wanted the FD2 to be my next purchase :(

So, it might be the case that you guys have bought an investment. Which is a bit of a rare thing in the used car game 8)
 
Would certainly be good if i could make money out of it!

Or i would just settle for not losing money on it for a change! :D
 
It's probably more complicated than that as the yen would equally grow stronger against other countries so the export market would probably force the auction price down in Japan.

But yes, the price could increase for a new one but I doubt it will be substantial enough that we would lose nothing. But probably considerably less than 50% that we would lose on a UK car - at least that's what I'm hoping!!
 
The JPY rate goes from 210-245..

Its been stable around 225-230 for a while but it is now down to 215.

Start worrying when its 165 as cost of parts, shipping, cars etc will go up. :eek:
 
or is he trying to up his sales figures :lol:

I'm sure with the amount of imports coming over, ppl will always find ways to cut costs to keep the prices low but I guess you never know
 
Because I work in finance I agree totally with Boab01. If yen appreciates against GBP most probably it appreciates against other magor currencies as well, thus the Japanese based exports become unattractive. Having said that the automakers will have to lower their prices and along with this the prices of the used cars will have to be affected toward the downside if they want to remain attractive for non Japanese customers.

Finally the changes in the xchange rates have to be quite severe in order for retail customers to feel any difference. In the currency market there are quite some billions invested and believe me many people will lose a lot of money if yen goes to the levels of 2000. So I believe for a while this thing is out of the question.

At least till I order my FD2 :lol: :lol: :lol:
 
bazza":3niu3uf3 said:
The JPY rate goes from 210-245..

Its been stable around 225-230 for a while but it is now down to 215.

Start worrying when its 165 as cost of parts, shipping, cars etc will go up. :eek:
Click to expand...

as bazza says, it could be worse than it is right now at 210JPY to the £1. To be honest 230+ (which it has been for the past 12 months or so) was never going to last but when you get used to one level of exchange rate it is a little annoying when it drops 10% in 2/3 weeks - especially when i had an outstanding bill of 6 million yen to pay for from stock bought before christmas whilst the Yen rate was still bouyant...... :roll: Doh!!
 
better buy all the parts i want for my car now then whilst the price is still no bad :lol:
 
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