To Our Canadian Friends...
#3
Burning Brakes
Join Date: Nov 2006
Location: Toronto, Ontario, Canada...
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We've been doing that long before it was $1=$1, for instance Canadians can save about $75000-$85000 on a 911 Turbo by crossing the border. It's becoming or is already a big problem for all luxury car companies.
#4
Burning Brakes
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The reason is that the US dollar is taking a big hit. Hopefully the European car manufacturers are kind to us with future pricing. Ferrari is increasing '08 prices 20%.
#6
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Funny, today I was watching the gold market swinging upwards ($734 an ounce at one point) and the dollar index taking a dump.
I'm not a currency trader, but even I know something's amis when the USD index drops below .80 and the euro hits $1.40
Does anyone have source information on the Ferrari price increases? I suspect my car addiction just became a helluva of lot more expensive. I know Porsche has currency hedges in place until 2009 but after then (or maybe before then) when do the price increases come to our shores. I would think it is inevitable.
Hmm, RS prices are starting to not look so bad after all!
I'm not a currency trader, but even I know something's amis when the USD index drops below .80 and the euro hits $1.40
Does anyone have source information on the Ferrari price increases? I suspect my car addiction just became a helluva of lot more expensive. I know Porsche has currency hedges in place until 2009 but after then (or maybe before then) when do the price increases come to our shores. I would think it is inevitable.
Hmm, RS prices are starting to not look so bad after all!