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      09-21-2007, 09:42 AM   #1
andreas1234
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High end German car manufacturers to cut MRSP by 15% in 2008 in CANADA

i have a deposit on a BMW M3 to be delivered in spring 2008 if there is a big price difference between CANADA and US i will be canceling and going to US to buy my M3..

see article..lets hope BMW CANADA is smart on this issue


http://www.canada.com/montrealgazett...a-9a1f6fe4edbd
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      09-21-2007, 12:21 PM   #2
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great way to completely screw buyers of 07s!

i'd hate to own an 07 cayman in Canada right now.
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      09-21-2007, 12:32 PM   #3
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BMW Canada just released 2008MY 3 series, X3 and X5 pricing yesterday. Can't comment on the latter two, but the 3 series' pricing appears largely unchanged with the exception of some minor downward pricing adjustment on packages (very minor).

I hope MercB, Porsche and Audi come through, so as to put pressure on BMW Canada.
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      09-21-2007, 12:34 PM   #4
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They really should adjust the prices. The difference is ridiculous considering there is no difference in the exchange rate between US and Canada now.
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      09-21-2007, 12:55 PM   #5
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They really should adjust the prices. The difference is ridiculous considering there is no difference in the exchange rate between US and Canada now.
You're right. It's freaking embarassing for them to be charging C$1500 for the upgrade to 19" staggered setup for the E92 335 when the same charge in the US is US$1000. I mean, come on guys and gals at BMW Canada. Don't you think that you're going to have a credibility issue with this HUGE a differential in pricing and NO difference in currency. We're being raped in Canada. I just hope the other manufacturers that do adjust prices make out like a bandit against BMW Canada, adding the necessary pressure to realign.
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      09-21-2007, 01:18 PM   #6
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I find a 15% price reduction in any market hard to believe. What are the margins in the high-end auto industry exactly for high volume products like the 3-series and the A4 in Canada? I doubt they are too much higher than 20%. And the US/Canada currency valuations do not change the supply/demand situation in Canada. If anything, prices might stagnate over there.
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      09-21-2007, 01:26 PM   #7
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Auto mfgs have to be careful with quick and hefty pricing changes either way. That's why this issue should have been dealt with over the past few years in part, but the premium auto mfgs were enjoying their hefty and growing margins (and volumes!). To suddenly drop prices by 15% would be quite damaging for resale and residuals of vehicles sold in the past few years. They need to tread carefully.
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      09-21-2007, 02:07 PM   #8
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Gosh I'm almost ashamed to be American. What the hell is going on with our dollar???
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      09-21-2007, 02:33 PM   #9
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US dollar value

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Gosh I'm almost ashamed to be American. What the hell is going on with our dollar???
IMO we're spending too much on certain foreign "activites" and gone to far into debt.
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      09-21-2007, 05:53 PM   #10
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IMO we're spending too much on certain foreign "activites" and gone to far into debt.
IMO consumers are more to blame than foreign "activities".
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      09-21-2007, 06:30 PM   #11
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IMO consumers are more to blame than foreign "activities".
Consumers, by merely being consumers, neither set key interest rates that impact the value of a national currency (Greenspan did that damage), nor directly control national (military) budgets.
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      09-21-2007, 06:39 PM   #12
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Gosh I'm almost ashamed to be American. What the hell is going on with our dollar???

War, Mortgage default rates
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      09-21-2007, 09:25 PM   #13
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Consumers, by merely being consumers, neither set key interest rates that impact the value of a national currency (Greenspan did that damage), nor directly control national (military) budgets.
not to get into an macro-economic debate here but increasing interest rates (What greenspan did) does not devalue the currency, rather it should increase demand for dollars as money inflows to take advantage of the higher rates. the USD is currently under pressure due to speculation in currency markets that the fed will continue rate cuts in light of the current credit crisis.
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      09-21-2007, 10:28 PM   #14
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not to get into an macro-economic debate here but increasing interest rates (What greenspan did) does not devalue the currency, rather it should increase demand for dollars as money inflows to take advantage of the higher rates. the USD is currently under pressure due to speculation in currency markets that the fed will continue rate cuts in light of the current credit crisis.
You sound like an economist or perhaps a bond guy. Any truth to that?
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      09-21-2007, 10:32 PM   #15
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Quote:
Originally Posted by kishg View Post
not to get into an macro-economic debate here but increasing interest rates (What greenspan did) does not devalue the currency, rather it should increase demand for dollars as money inflows to take advantage of the higher rates. the USD is currently under pressure due to speculation in currency markets that the fed will continue rate cuts in light of the current credit crisis.
What makes you think I was referring to Greenspan eventually increasing the Fed rate? I was actually referring to Greenspan cutting the Fed rate all the way down to 1% and keeping it there for years. He should not have lowered it that much, and kept it there for so long. That's what Greenspan did. He eventually had to raise it, but it was too late. We are now beginning to suffer the mid-term effects, which won't go away by re-lowering interest rates just because idiots got themselves into trouble in the securities and mortgage markets with cheap money that was made available to them by Greenspan. The Dollar has been in trouble for a long time now because of low interest rates. You can't speculate against a currency that doesn't have an underlying problem.

Last edited by lucid; 09-21-2007 at 11:13 PM.
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      09-22-2007, 03:37 AM   #16
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I certainly am not an economist, nor do I even think I have the slightest idea what the real reason is for the decline of the US dollar. However my best and most intelligent reasoning would be the 2 wars in the middle east and the overspending of our representitives in congress.

I'm right there with you on this one GregW.
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      09-22-2007, 08:19 PM   #17
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You sound like an economist or perhaps a bond guy. Any truth to that?
not an economist but do work for a wall st financial which shall remain unnamed
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      09-22-2007, 08:21 PM   #18
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What makes you think I was referring to Greenspan eventually increasing the Fed rate? I was actually referring to Greenspan cutting the Fed rate all the way down to 1% and keeping it there for years. He should not have lowered it that much, and kept it there for so long. That's what Greenspan did. He eventually had to raise it, but it was too late. We are now beginning to suffer the mid-term effects, which won't go away by re-lowering interest rates just because idiots got themselves into trouble in the securities and mortgage markets with cheap money that was made available to them by Greenspan. The Dollar has been in trouble for a long time now because of low interest rates. You can't speculate against a currency that doesn't have an underlying problem.
ah. there's some truth to that. agreed. however, i dont think it's fair to simply blame greenspan. the problem and it's many causes are more complex than that.
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      09-22-2007, 08:30 PM   #19
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ah. there's some truth to that. agreed. however, i dont think it's fair to simply blame greenspan. the problem and it's many causes are more complex than that.
well, fine, i shouldn't say it's just the fed rate, and thus only greenspan. government spending has a lot to do with it, too, obviously. regardless, we will be dealing with this for some time...
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      09-23-2007, 12:31 AM   #20
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      09-23-2007, 01:22 AM   #21
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well, fine, i shouldn't say it's just the fed rate, and thus only greenspan. government spending has a lot to do with it, too, obviously. regardless, we will be dealing with this for some time...
Not only government spending counts, all our spending. Every time we by a Chinese or German product we are tipping the trade deficit, which has a real impact on the value of the dollar. I'm not going to quit buying Euopean items, but I sure try to limit my buying of Chinese ones (getting harder all the time).

This is what brings your Walmart goods from China (1,302 ft.x 207. ft., 110,000 hp, 31 kt, Net cargo - 123,200 tons capacity - 15,000 TEU {1 TEU = 20 ft3 container}):



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      09-23-2007, 05:04 AM   #22
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Gotta love Globalization and Capatilism...yay capatalism
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