Market cooling? |
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Market cooling? |
billh1963 |
Dec 11 2014, 06:15 PM
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#1
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Car Hoarder! Group: Members Posts: 3,402 Joined: 28-March 11 From: South Carolina Member No.: 12,871 Region Association: South East States |
Maybe seasonal or maybe the start of the bubble deflation?
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EdwardBlume |
Dec 12 2014, 06:52 AM
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#2
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914 Wizard Group: Members Posts: 12,338 Joined: 2-January 03 From: SLO Member No.: 81 Region Association: Central California |
Euro to dollars was 1.35 to 1.40: 1.00 6 months ago. Today it's 1.24:1.00.
What does that mean? A 50,000 USD /6 cost $35714 Euros then. A 50,000 USD /6 costs $40,322 now. An 11.5% increase. Add to it that a declining economy in Europe tightens the everyday mans budget, you get a decline. However, the numbers are still in our favor. Less cars available, not built anymore, collector / enthusiast interest. |
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