ST: Luxury car sales stall on higher tax, loan curb

[wobbles]

Tiered ARF, borrowing cap blamed as luxury makes tumble by over 80%

Measures to cool the car market introduced in last year's Budget have hit luxury brands the hardest, with some reporting a sales drop of more than 90 per cent in the second half of last year.

Ferrari, Rolls-Royce, Aston Martin and Lamborghini were among the most affected.

Sales in the second half of the year plunged by 92 per cent for Ferrari; 91 per cent for Rolls-Royce; 88 per cent for Aston Martin; and 85 per cent for Lamborghini.

"It was a disaster in the second half," said Mr Andre Roy, chief executive of Wearnes Automotive, which represents brands like Bentley, Jaguar and McLaren. "If this was meant to slow down the sales of supercars, it has worked."

Huat ah! Heypi times ahead. BMW drivers will feel like swinging dicks again, because Toyotas and Hyundais will once again rule Singapore's pothole-filled roads!

 

[MW]

Re: ST: Luxury car sales stall on higher tax, loan curb

I am going to wash and wax my F10 5GC

 

[Red_Bean_Bun]

Re: ST: Luxury car sales stall on higher tax, loan curb

Are supercars clogging the roads here ?

 

[Jason8822]

Re: ST: Luxury car sales stall on higher tax, loan curb

So what if their sales halved, how many coe will they give up ?

 

[seanskye]

Re: ST: Luxury car sales stall on higher tax, loan curb

Anyone bought Eurosports shares?

 

[hoks]

Re: ST: Luxury car sales stall on higher tax, loan curb

Wan collect more $$ just say so, smlj cool car market? Coe is there to control wat. Arf is still there for wat purpose?

 

[golfgti]

Re: ST: Luxury car sales stall on higher tax, loan curb

no wonder UK properties so many singies buying. cars so cheap there just put in garage n drive there lor. here so much jam n boleh so many robbers waste time lah. here good to make $ n b landlord, then go overseas enjoy life

 

[wt_know]

Re: ST: Luxury car sales stall on higher tax, loan curb

ehh ... that's not how it seems like in EuroSports prospects in SGX listing leh .... business will HUAT HUAT ah!

Wearnes need to learn business from EuroSports?

 

[golfgti]

Re: ST: Luxury car sales stall on higher tax, loan curb

ehh ... that's not how it seems like in EuroSports prospects in SGX listing leh .... business will HUAT HUAT ah!

Wearnes need to learn business from EuroSports?

its already under IPO price... all those subscribers must b cursing them LOL

 

[seanskye]

Re: ST: Luxury car sales stall on higher tax, loan curb

its already under IPO price... all those subscribers must b cursing them LOL

Or the analyst who issued the buy call..........

 

[playstation76]

Re: ST: Luxury car sales stall on higher tax, loan curb

Or the analyst who issued the buy call..........

Analysts are all bullshit. If they are so good, most would be driving a bm already

 

[seanskye]

ST: Luxury car sales stall on higher tax, loan curb

Hearsay one analyst tried to apply for a job and during the interview, he was asked why he didn't drive. Started to show off and went into a detailed explanation of depreciation, why cars are a waste of money, etc. Poor guy, didn't know the interviewer was a petrol head...

 

[kenntona]

Re: ST: Luxury car sales stall on higher tax, loan curb

Analysts are all bullshit. If they are so good, most would be driving a bm already

I agree. BM owners must be good.

 

[playstation76]

Re: ST: Luxury car sales stall on higher tax, loan curb

Those economists also another bullshit lot. If really so good, they would have predicted that 2008 to 2009 will have recession. When recession happens, they then give all sorts of powderful theory

 

[kenntona]

Re: ST: Luxury car sales stall on higher tax, loan curb

FYI, most, if not all, bear markets are triggered by an unforeseen catalyst. Go check out history. That means very few people can see the timing of exact impact and magnitude. Some will warn of a major recession coming, but you wouldn't sell house sell car to capitalise on future lower prices, would you? In short, you will never respect the a view which does not resonate with your course of action, would you?

All bull markets are predicated on macro => then micro outlook.

Hence the bull songs are easier to sing.

 

[Oilman]

Re: ST: Luxury car sales stall on higher tax, loan curb

Hearsay one analyst tried to apply for a job and during the interview, he was asked why he didn't drive. Started to show off and went into a detailed explanation of depreciation, why cars are a waste of money, etc. Poor guy, didn't know the interviewer was a petrol head...

You cannot like that say Gordon the Gekko.

 

[kenntona]

Re: ST: Luxury car sales stall on higher tax, loan curb

You cannot like that say Gordon the Gekko.

Nowadays "smart" BMW owners save on FC, cheap tyres, cheaper servicing in JB and what not. Only forum knows.

Drive on the road, still sart !!!

 

[golfgti]

Re: ST: Luxury car sales stall on higher tax, loan curb

Or the analyst who issued the buy call..........

this kinda nano cap also got analyst cover, i tot only ahbeng remisiers will "cover" lol

 

[Darth Vader]

Re: ST: Luxury car sales stall on higher tax, loan curb

I smell another financial crisis, the smell from china, stinky as hell.
better sell everything and keep cash.
the great asset fire sale coming again similar to 2009.
ok should I buy m4 or m3 ?

 

[Oilman]

Re: ST: Luxury car sales stall on higher tax, loan curb

Nowadays "smart" BMW owners save on FC, cheap tyres, cheaper servicing in JB and what not. Only forum knows.

Drive on the road, still sart !!!

Don't like that la... they're still keeping the mod culture alive with China-made rims and air scoops!