Killing The Golden Goose

Honest John Back Room » Motoring discussion
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Thu 3 Jan 2013 12:41
Killing The Golden Goose - oldroverboy.

www.telegraph.co.uk/finance/newsbysector/retailand...l

.So how long before jaguar landrover start retrenching?

Aston martin sales in freefall too. benyley and rolls royce also losing sales.. lotus selling few cars.

Edited by Avant on 03/01/2013 at 23:20

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Thu 3 Jan 2013 14:31
Killng - The Golden Goose - Happy Blue!

That's only Italy though. Lots of wealthy people elsewhere in the word and people in Italy avoid overt displays of wealth in a time of austerity - it brings the taxman looking

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Thu 3 Jan 2013 17:19
Killng - The Golden Goose - RT

Italy's always been fiddled, must be that Nero !

When I worked for a US-owned multi-national, my Italian counterpart had to keep three independent sets of accounts - one for local management to see how the subsidiary was actually doing, one for the head office in LA making it look much better and one for the Italian tax authorities making it look a lot worse.

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Thu 3 Jan 2013 19:09
Killng - The Golden Goose - madf

Italy's always been fiddled, must be that Nero !

When I worked for a US-owned multi-national, my Italian counterpart had to keep three independent sets of accounts - one for local management to see how the subsidiary was actually doing, one for the head office in LA making it look much better and one for the Italian tax authorities making it look a lot worse.

err four:

One for the important people: the Mafia.

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Thu 3 Jan 2013 22:14
Killng - The Golden Goose - mark193

Hi

Best Post of the night !!!!!!

Ha Ha Ha - Excellent

Listening to 'Archives of Pain' - Manic Street Preachers, whilst writing this!!

Mark193

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Thu 3 Jan 2013 22:30
Killng - The Golden Goose - Trilogy

Nowadays China seems to be the most important market. If car manufacturers are not there selling their cars...........

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Thu 3 Jan 2013 22:46
Killng - The Golden Goose - MikeTorque

Some of these countries are suffering with huge debt problems, there simply isn't the money around to buy these types of cars, even the base models are struggling.

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Sun 6 Jan 2013 12:36
Killng - The Golden Goose - Sofa Spud

Supercars have always been associated with wealth and extravagance, but maybe these days that association has changed subtly to one of with greed and 'more money than sense', as with Porsches in the 1980's.

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Sun 6 Jan 2013 17:19
Killng - The Golden Goose - countryroads

I have a couple of friends who work for JLR and they are cranking them out as fast as they can, waiting lists are long and the Chinese market is working well for them. To the point of doing a China only 4cylinder petrol XJ later this year I believe.

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Sun 6 Jan 2013 18:13
Killng - The Golden Goose - veryoldbear

I keep seeing truckloads going down the A34, I suspect to Southampton docks ...

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Sun 6 Jan 2013 18:40
Killng - The Golden Goose - Honestjohn

Have a look at Crashed Exotics. I reckon the attrition rate in China and Russia must be 10% to 20%. That's the market for the cars. Sorry, folks, if that makes you feel uncomforable. The UK is not the primary market for high end cars. Not enough of us have enough money. Southern Chnina, on the other hand, has enough to give Ferraris away as wedding presents

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Mon 7 Jan 2013 14:51
Killng - The Golden Goose - madf

e. The UK is not the primary market for high end cars. Not enough of us have enough money. Southern Chnina, on the other hand, has enough to give Ferraris away as wedding presents

I am getting divorced and looking for a new bride....

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Mon 7 Jan 2013 22:11
Killng - The Golden Goose - MikeTorque

Wonder if jamie may be interested if she has a sister, he's looking for a change of car...

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Tue 8 Jan 2013 00:40
Killng - The Golden Goose - jamie745

Sorry, folks, if that makes you feel uncomforable. The UK is not the primary market for high end cars. Not enough of us have enough money. Southern Chnina, on the other hand, has enough to give Ferraris away as wedding presents

China also has 25 times more people than the UK. Despite what the news reports keep telling us, China isn't a mega-rich utopia with gold paved streets. Most Chinese people are still very poor and there's stark regional variations. There's deprived parts of China which don't even have roads leading to them yet.

Of course when you've got a population of 1.3 billion you only need a single-digit percentage of that to be enjoying a mega rich boom in order to make them a critical market to sell into. There's money in this country, lots of it, but if you make it obvious you have money then Nick Clegg will come round with his begging bucket and council workers will throw eggs at your house.

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Tue 8 Jan 2013 18:59
Killng - The Golden Goose - Cluedo

The european market cannot compete with the middle and far east now in terms of ability to sell expensive cars. China in particular - yes it does have extremes of poverty (as we do in this country although not to the extremes we see elsewhere) but as mentioned previously the small percentage of very rich people in China adds up to a huge number in a very large population. The rate of growth in China continues to stagger me to be honest at a regular 7% and above a year. If you look at how many Airports they are building or or expanding between 2011 and 2015 that will demonstrate how much money is floating around, China is expanding 91 airports and buidling 56 new ones whilst relocating an additional 16. On top of this they are also investing massively in nuclear technology, new fast trains etc etc. On top of this the rest of the world and the USA in particular are amssively indebted to them. Then you also have the other BRIC nations that are not far behind. So the top end car makers are not really bothered about europe as we are small fry for them.
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Tue 8 Jan 2013 23:15
Killng - The Golden Goose - jamie745

Keep in mind only 15 years ago China was a country which made our stuff for us and relied on the crumb of money we gave them for it. Now theres money in their own country and that's making a big difference. The growth rate is astonishing, but this is China's equivalent to our revolution in the 19th century. It will slow down and hit a wall at some point.

The point about Europe is why I keep saying we need to get out of the EU. We're the EU's biggest export market so securing a free trade deal will be easy no matter what doom-laden stories the politicians tell us. Trapped in this single dying market cuts us off from where the 21st centuries money is going to come from. China. India. Brazil. Etc

There won't be any dynamic changes or growth coming out of Europe for many decades, it's an old part of the economic world and will eventually sink under the weight of communistical Brussells led central planning and it's godawful currency.

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Wed 9 Jan 2013 08:50
Killng - The Golden Goose - Collos25

If you understood a little about economics you would see that the EU and America are the Chineses biggest trading partners and the economy of the EU far outways that of China.

China cannot expand its economy much more due to the worlds lack of carbon energy if it were to expand at the present rate it would use in seven years all the known energy sources in the world .Is that going to happen I think not time for another war.

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