LeeM Posted 9March, 2020 Report Share Posted 9March, 2020 @OZ930 I only saw the video story with Alan Jones and Richardson last night about the $10k cash limit of prison. Just solidifies my hate for politicians when it comes to their way of thinking.. That's good then @T-Man The company a mate contracts to are saying 2-3 months at the earliest. You're very correct with the market which has been softening for a while, yet in my job I dont ha e enough hours in the day to keep up! A good thing I s'pose Quote Link to comment Share on other sites More sharing options...
wilson59 Posted 9March, 2020 Report Share Posted 9March, 2020 2 hours ago, Spets87 said: What are some ways people are hedging their bets on this? Cash is king, buying cheaper assets would be better in the longterm though. I am doing the opposite. I am not going to participate in any of this . I put in a offer on a 2018 GT3 CS hopefully do the deal tomorrow. I refuse to be part of the problem clutch-monkey, Troubleshooter, edgy and 4 others 7 Quote Link to comment Share on other sites More sharing options...
Spets87 Posted 9March, 2020 Report Share Posted 9March, 2020 45 minutes ago, wilson59 said: I am doing the opposite. I am not going to participate in any of this . I put in a offer on a 2018 GT3 CS hopefully do the deal tomorrow. I refuse to be part of the problem Always great to see another perspective. For one to afford a recent GT3 I'd assume one has navigated the financial world astutely. Quote Link to comment Share on other sites More sharing options...
Rick V Posted 9March, 2020 Report Share Posted 9March, 2020 1 hour ago, wilson59 said: I put in a offer on a 2018 GT3 CS hopefully do the deal tomorrow. Good luck @wilson59, sounds great. Silver? 😁 If it happens, I look forward to seeing it out & about soon. wilson59 1 Quote Link to comment Share on other sites More sharing options...
wilson59 Posted 9March, 2020 Report Share Posted 9March, 2020 26 minutes ago, Spets87 said: Always great to see another perspective. For one to afford a recent GT3 I'd assume one has navigated the financial world astutely. That certainly does not describe me . Dumb luck really . To be honest my desire part of my brain is much stronger than my sensible side of my brain . Gavn, Spets87 and Taffy 2 1 Quote Link to comment Share on other sites More sharing options...
edgy Posted 9March, 2020 Report Share Posted 9March, 2020 1 hour ago, wilson59 said: I am doing the opposite. I am not going to participate in any of this . I put in a offer on a 2018 GT3 CS hopefully do the deal tomorrow. I refuse to be part of the problem That's the way... love the thinking!! And I reckon we should take overs/unders on when you sell it... using December 2020, my money is on under! 😛 Quote Link to comment Share on other sites More sharing options...
wilson59 Posted 9March, 2020 Report Share Posted 9March, 2020 8 minutes ago, edgy said: That's the way... love the thinking!! And I reckon we should take overs/unders on when you sell it... using December 2020, my money is on under! 😛 That is what I figure . Here for a good time not a long time Quote Link to comment Share on other sites More sharing options...
LeeM Posted 9March, 2020 Report Share Posted 9March, 2020 52 minutes ago, wilson59 said: To be honest my desire part of my brain is much stronger than my sensible side of my brain . I think that describes most of us Paul 😁 Quote Link to comment Share on other sites More sharing options...
Dalai Posted 9March, 2020 Report Share Posted 9March, 2020 19 minutes ago, LeeM said: I think that describes most of us Paul 😁 3 cars and an enclosed trailer in and no cars out in the last 3 years... Amen to that Lee! LeeM 1 Quote Link to comment Share on other sites More sharing options...
35SIXXX Posted 20March, 2020 Report Share Posted 20March, 2020 I own a small architectural lighting business and unfortunately the Chinese products are destroying the market. The European brands showed them how to make good product and they’re now doing a reasonable job of it. We have always sold the best products from Italy and are now forced to cater to all price points and have several Chinese brands also. I had my heart set on a 911 last week and was about to pull the trigger, but I now feel like I’d be crazy to buy with all this uncertainty. My business relies on me helping architects and engineers with the lighting of their projects, but of course I can’t go and see them now. We’re supplying quite a few projects atm, but I’m concerned about how much we’ll be doing in 6-12 months due to not being involved in the design process now. We will get through it, but it may get a little tricky soon. Any designers on here, hit me up. I need a 911 😁 Stepo 1 Quote Link to comment Share on other sites More sharing options...
Spets87 Posted 20March, 2020 Report Share Posted 20March, 2020 Gonna be a lot of Spring 2020 garage clear outs me thinks.... DJM 1 Quote Link to comment Share on other sites More sharing options...
jakroo Posted 20March, 2020 Report Share Posted 20March, 2020 11 hours ago, 35SIXXX said: I own a small architectural lighting business and unfortunately the Chinese products are destroying the market. The European brands showed them how to make good product and they’re now doing a reasonable job of it. We have always sold the best products from Italy and are now forced to cater to all price points and have several Chinese brands also. 😁 This isn't anything new, Japan went through this when they took over the electronics in the 60s and 70s only to lose it to Korea and China. In the 90s it was Taiwan who took over carbon fibre from USA and others and they too have lost it. England, Europe, USA have all lost the motor vehicle trade in the last 20 years. Any product transition takes 5-10 cycles/generations to get it right. In your world you've had the death of incandescent and similar with the rise of LED which was lead and perfected by Japanese electronics but has very quickly been overtaken by China due to timing of the general rise of China into manufacturing. You have needed to adapt to your new world because your customers have already done it. So to get ahead again you need to work with your Chinese suppliers and get on top of the quality issues and design shortfalls. There's form and function.... The Italians were always good at form and the Japanese good at function and neither were good the other way around. You need to drive both in conjunction with your suppliers. 35SIXXX, firstone, micknine01 and 1 other 4 Quote Link to comment Share on other sites More sharing options...
42 South Posted 20March, 2020 Report Share Posted 20March, 2020 13 hours ago, 35SIXXX said: I own a small architectural lighting business and unfortunately the Chinese products are destroying the market. The European brands showed them how to make good product and they’re now doing a reasonable job of it. We have always sold the best products from Italy and are now forced to cater to all price points and have several Chinese brands also. I had my heart set on a 911 last week and was about to pull the trigger, but I now feel like I’d be crazy to buy with all this uncertainty. My business relies on me helping architects and engineers with the lighting of their projects, but of course I can’t go and see them now. We’re supplying quite a few projects atm, but I’m concerned about how much we’ll be doing in 6-12 months due to not being involved in the design process now. We will get through it, but it may get a little tricky soon. Any designers on here, hit me up. I need a 911 😁 Sorry to hear that - I work in Health project management and we were just adjusting to no more face to face design meetings and working from home, when it was decided to suspend our $91M construction program over six projects for the time being. Our resources are being reallocated to deal with the virus threat and provide temporary solutions that hopefully may never be needed in full, but we are now completely refocused on delivering what is functionals, most of which won't have much architectural flair..... Quote Link to comment Share on other sites More sharing options...
sleazius Posted 21March, 2020 Report Share Posted 21March, 2020 I’ve just shit-canned about $500k in work for various suppliers of ours. No business is immune to what is happening right now.. ok, maybe debt collectors 😂 firstone and DJM 2 Quote Link to comment Share on other sites More sharing options...
smit2100 Posted 21March, 2020 Report Share Posted 21March, 2020 5 minutes ago, sleazius said: I’ve just shit-canned about $500k in work for various suppliers of ours. No business is immune to what is happening right now.. ok, maybe debt collectors 😂 Worse than that and its already started. Think next level up from debt collectors. I am working with a company on a legal matter who also specialise in company liquidations, administration and insolvency. They advised on Friday, resources will likely be thinly spread going forward and may impact our long term engagement in terms of turn around times on deliverables due to a significant increase in queries and proposals going in and out and new engagements being signed during the week. DJM 1 Quote Link to comment Share on other sites More sharing options...
35SIXXX Posted 23March, 2020 Report Share Posted 23March, 2020 It seems that the effects are already being felt. Quite a few Aussie delivered G series 911s on the market around the 80k mark. Quote Link to comment Share on other sites More sharing options...
LeeM Posted 23March, 2020 Report Share Posted 23March, 2020 That's just the start I reckon. If this keeps going for as long as some scientists/doctors are expecting, I dare say theyll be even cheaper in 6 months time Quote Link to comment Share on other sites More sharing options...
DJM Posted 23March, 2020 Report Share Posted 23March, 2020 Yeah wow, how quickly things change. I don’t see many people considering buying anything right now, especially a non essential vehicle. No one should be leaving home to buy something unimportant. Even those who come through this without losing too much bark, who wants to be the greedy prick benefiting from others’ hardship. Dunno, I just wonder whether I think this whole episode might see some adjustment back to more humble times. Especially if there is mass loss of life as we’ve seen overseas. It might change people’s priorities for the better. That will further impact the car market especially at the flashy higher end (who wants do be seen in an orange McLaren right now when people are losing jobs and getting sick and dying.......🤔) It’s already starting to play out in the media Mathew Lloyd pointed out AFL some clubs have 11 (eleven!) coaching staff, 15 laptops in the coaching box. I’m not an AFL fan but how did a simple community game turn into a massive corporate empire such that it could now fail. Maybe it needs to fail and be rebooted in a simpler way that’s all about the game NOT the business of the game. Humans are pretty amazing, maybe there is a silver lining to come from this chaos. firstone, wilburforce, PIC and 2 others 5 Quote Link to comment Share on other sites More sharing options...
sleazius Posted 23March, 2020 Report Share Posted 23March, 2020 Latest industry (not government) forecasts are minimum 15% unemployment. Most 'toy' cars will probably halve in value depending on the length of the disruption. DJM 1 Quote Link to comment Share on other sites More sharing options...
clutch-monkey Posted 23March, 2020 Report Share Posted 23March, 2020 4 hours ago, DJM said: Yeah wow, how quickly things change. I don’t see many people considering buying anything right now, especially a non essential vehicle. No one should be leaving home to buy something unimportant. Even those who come through this without losing too much bark, who wants to be the greedy prick benefiting from others’ hardship. nah.. if they need the money.. you are helping someone out. not gonna be many buyers at the moment. It might just be the chunk of cash they need to get through it. i’ve had to sell stuff in a hurry before and though I had to let it go for under market value having a hassle free buyer was such a help. If no one is buying ‘because morals’ I would have been screwed. sleazius 1 Quote Link to comment Share on other sites More sharing options...
hugh Posted 24March, 2020 Report Share Posted 24March, 2020 3 hours ago, DJM said: Yeah wow, how quickly things change. I don’t see many people considering buying anything right now, especially a non essential vehicle. No one should be leaving home to buy something unimportant. Even those who come through this without losing too much bark, who wants to be the greedy prick benefiting from others’ hardship. Dunno, I just wonder whether I think this whole episode might see some adjustment back to more humble times. Especially if there is mass loss of life as we’ve seen overseas. It might change people’s priorities for the better. That will further impact the car market especially at the flashy higher end (who wants do be seen in an orange McLaren right now when people are losing jobs and getting sick and dying.......🤔) It’s already starting to play out in the media Mathew Lloyd pointed out AFL some clubs have 11 (eleven!) coaching staff, 15 laptops in the coaching box. I’m not an AFL fan but how did a simple community game turn into a massive corporate empire such that it could now fail. Maybe it needs to fail and be rebooted in a simpler way that’s all about the game NOT the business of the game. Humans are pretty amazing, maybe there is a silver lining to come from this chaos. Correct. There are many things that the forced behaviour changes will demonstrate and maybe make people adjust their priorities/lifestyle for the better. DJM 1 Quote Link to comment Share on other sites More sharing options...
wilson59 Posted 24March, 2020 Report Share Posted 24March, 2020 4 hours ago, DJM said: Dunno, I just wonder whether I think this whole episode might see some adjustment back to more humble times. Especially if there is mass loss of life as we’ve seen overseas. It might change people’s priorities for the better. That will further impact the car market especially at the flashy higher end (who wants do be seen in an orange McLaren right now when people are losing jobs and getting sick and dying.......🤔) Humans are pretty amazing, maybe there is a silver lining to come from this chaos. Stop reading my mind . I just want everyone to be safe at this stage DJM 1 Quote Link to comment Share on other sites More sharing options...
npvpositive Posted 26March, 2020 Author Report Share Posted 26March, 2020 Classic Throttle Shop seems to be to adding stock. They now have a whopping 49 cars for sale in their inventory (of which 18 are Porsches). Wonder what the mix is between consignment and inventory—the ballsy move would be to aggressively add inventory while they can buy at relatively low prices. Quote Link to comment Share on other sites More sharing options...
hugh Posted 26March, 2020 Report Share Posted 26March, 2020 6 minutes ago, npvpositive said: the ballsy move would be to aggressively add inventory while they can buy at relatively low prices. Are they buying the stock though? Quote Link to comment Share on other sites More sharing options...
npvpositive Posted 26March, 2020 Author Report Share Posted 26March, 2020 1 minute ago, hugh said: Are they buying the stock though? Who knows, Hugh? But they are private equity owned now (part of Dutton Group owned by CPE Equity) so presumably they can access a balance sheet and make the most of the current market conditions to build inventory at attractive prices. hugh 1 Quote Link to comment Share on other sites More sharing options...
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