12-14-2018, 01:39 AM | #23 | ||||
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Let's hope the impending no vote in the commons drives a second referendum, no other nation would have such a vote that could have potentially hinged in the vote of a single person, totally bonkers. |
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12-14-2018, 02:45 AM | #24 |
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12-14-2018, 05:55 AM | #26 | |
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I was a kid once and we were in the Common Market, it worked pretty well and the we got sucked into the EU and it all went tits up! There is no justification for the UK to be ruled by Brussels or for our legal system to be overruled by unelected Eurocrats. Kids will be far better off out of the EU which is a sinking ship that cant even get its own accounts signed off because its so bent! |
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12-14-2018, 08:10 AM | #27 |
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I saw Sterling returning to historical values vs the Euro in those charts which is why I used 5 years instead of 2 year chart which would look misleading.
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12-14-2018, 08:21 AM | #28 | |
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That pot of gold at the end of the rainbow doesn't really exist, never has. |
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12-14-2018, 08:24 AM | #29 | |
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Any losses to the German manufactures from Brexit will easily be absorbed elsewhere. |
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12-14-2018, 11:45 AM | #30 | |
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Car companies are flat out promoting in all countries. So it isn't like the cars will be sold elsewhere instead. That would only be the case if production was limiting sales. It isn't. BMW UK market.....the U.K. market was nearly as large, number of units sold as the whole of North America. BMW (and others) are price squeezed in places like NA. So profits per unit are down, therefore revenue is way down. We are still of more value than the whole of Canada and US put together. I won't mention the waves Trump is causing with his threats on Eu/US trade. It could be NA market becomes significantly smaller for Euro car manufacturers. China? It's all good and well selling cars or any produce to China, but there is a very inconvenient catch.....you cannot bring that money out of China. They have strong flow of currency limits. Not a particularly lucrative thing selling cars and having to invest the capital in a foreign country. Volume. Car production is about paying an overhead, we are talking massive fixed costs. Drop volume by even 5% and you screw your whole pricing model. Prices go up on all cars no matter where sold by 5% of the overhead contribution, which proves them higher against local competitors and slows demand even further. As a result, the European car producers will be exceptionally keen to see the U.K. market stay as healthy as it is. As always in business, it is paramount to maintain a healthy 'home market'. UK is part of that for Europe.....and they are for us. Sign a goddam deal |
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12-14-2018, 12:59 PM | #31 | ||
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I can't find figures that break down model sales but how many UK sales are 114/116/118 and 316/318/320 to fleets with minimum options? Quite a percentage I'd guess. I appreciate the US car market is different to ours and how they 'buy' cars but from what I've seen Americans tend to like their cars pretty well specc'd which would have higher margins and they don't sell the 1 series there. However I absolutely agree that we need to sign a deal and a hard Brexit will favour no-one apart from Mogg and his merry band of hard Brexiters. |
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12-14-2018, 02:47 PM | #32 | |
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Plus, I don't think an import tax on will make that much difference to luxury goods anyway. The recession didn't really make that much difference. If BMW/Audi/Merc are all affected the same, then it'll make very little difference, people will still buy. The only people it will hurt is the UK consumer, so everyone on here. And before someone say again, well buy a Jag instead, go try one, they're pretty shit right now. Ugly and miles behind tech wise. |
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12-14-2018, 03:10 PM | #33 |
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Under WTO we can remove tariffs on goods that we do not want to have them applied to, however we have to do that for all countries supplying those goods.
So it's not correct to say that certain WTO tariffs have to be applied (the 10% tariff on cars that's being discussed) this was outlined on CH4 news tonight by Helia Ebrahimi (fabulous looking woman ) but of course that would be a unilateral action and hurt our negotiating position with other countries when it came to doing other trade deals if we've already lowered the barriers before hand.
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12-22-2018, 09:17 PM | #36 | |
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Furthermore, as the value of the USD rises against the Euro and Pound, BMW would much rather be receiving USD. And then when one looks how parts in the USA are almost 100% higher than in the EU...and Canada is well over 100%. |
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