LHD and RHD prices

[MarinerChris]

In my car hunting I have noticed something odd..

When I last lived in the UK, a left hand drive car here was worth a good proportion less than a right hand drive version of the same model.

In my recent Porsche hunting, I have noticed that it seems that left hand drive cars are worth the same or more than a right hand drive version?!?!? What gives?

 

[Super_Marv]

Mainly the Pound weakening against the Euro over the past couple of years, I think.

 

[Gordon Attar]

They are about to go down by 10% !!!!!!!!!!!!!

 

[Lowtimer]

Plus, Germany is in an (unsustainable) economic boom, and of course an LHD market. Combine that wit the exchange rate, UK recession and the fact that the cars have for many years been cheaper here than in any other market, and you can see why the LHD ones have gone.

At the same time a lot of nice collectable RHD cars have been vanishing overseas too, especially to HK and Singapore.

 

[MarinerChris]

Makes sense I guess.

Germany is in an unsustainable boom? Oh pants! Just as I relocated back to the UK and landed a contract in Germany!

Going to have to research Germany's economy now.

 

[MarinerChris]

About to go down by 10% Gordon? How come?

 

[Eldavo]

Greece pulls out of the euro, confidence drops, exchange rate increases.

Why I'm waiting another few weeks to buy my holiday money!

 

[MarinerChris]

I just do not quite understand economics, I would have thought that Greece pulling out of the Euro would be a good thing for the euro! A bit like loosing a business partner that is a habitual liar and always has his fingers in the cash register!

 

[Super_Marv]

I heard that the Euro could weaken to the point when £1 = €1.30 quite soon.

That should help LHD prices come down a bit. But as my car 968 is LHD, I'm not so sure that's a good thing for me!

 

[os951]

I would have thought that Greece pulling out of the Euro would be a good thing for the euro! A bit like loosing a business partner that is a habitual liar and always has his fingers in the cash register!

There will be parliament elections in Greece quite soon. Most likely winning party will take Greece back to Drakma and €-currency will be dropped out. This is not necessarily a good thing for us who still will use Euros. Our local economics have calculated it will effect to Finland's economy dropping it about 2-3%. Also it will effect to Greece's ability to pay back the money we have loaned them. It's odd when only handful of Euro countries still hold the AAA-status: Gemany, Finland, the Netherlands & Luxembourg. I suppose these euro countries must have more influence to those euro countries who are NOT able to take care of their economics, after all we are the ones who pays their debts.

 

[sulzeruk]

The worst thing that Europe did in my opinion, jon the Euro or yoyo as my good Southern Irish friend calls it! All it has been is trouble. Will be interesting to see who goes into economic meltdown next!
Alasdair

 

[os951]

Euro is a good thing if only all euro countries can handle their economics like AAA-rating ones

 

[zcacogp]

ORIGINAL: MarinerChris

I just do not quite understand economics, I would have thought that Greece pulling out of the Euro would be a good thing for the euro! A bit like loosing a business partner that is a habitual liar and always has his fingers in the cash register!

I depends alot upon how Greece's debt is re-structured after the Grexit (Greek Exit). If it is all re-factored in Drachmas then it could be very bad news for the rest of the Euro countries, for a number of reasons.

The snag is that the UK isn't immune to the problems, despite not being part of the same monetary system. We are quite exposed to Greece financially, and when their economy drops out of the Euro then it is likely to cost us a lot of money. (Not as much as some others, but still a large amount.)


Oli.

 

[Gordon Attar]

You also need to be aware that it is also goes in cycles and depends on the values in the respective countries i.e. 5 to 8 years ago it was the other way round!