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carluva wrote:... and all of this good discussion to what end? Instead of complaining about it on trinituner, can't the effort be spent to lobby towards better value for dollar and more competition?
Once there is competition, prices will be better. Before this govt changed the import requirements for RORO vehicles, I could remember when RORO was offering options to ppl and vehicle prices were competitive. The cars selling now for 200k and up could have been easily snapped up for 120k new, if one compares apples back then to what the apples are now.
Now you getting toots for 300k plus. All because the market is not competitive. New car dealers almost have a monopoly in some segments.
But as with everything else in this society we complain and whine and antagonise the wrong ppl instead of targeting what matters.
If van buyers decide that they not buying ranger, hilux or navarra, what will happen? Prices will fall.
If ppl stop running down the sportage and the tuscon, prices will fall. So instead of a possible 40% profit, dealers will settle for a 20% profit and everyone happy.
We just not competitive and it doh help that these tax structures are so aimed to benefit businesses and corporations, while screwing the working class.
telfer wrote:PariaMan wrote:the CAD you using is the price to the customer in Canada after dealer markup.
the profit is therefore much more than 50 percentcryotec wrote:Using telfer's figures, assuming price is in CAD:
27000 (cost of car) + 3000 (shipping) = 30000 CAD or 155k TTD
MVT = 0 as CC < 1599
Custom = 155000 x 0.2 = 31000
VAT = (155000+31000) x 0.125 = 23250
Final price = $209,250. If we assume the 310k model here is equivalent to the one that telfer bought, the margin is ~50%. If we consider that the cost of the car and shipping is likely to be less, then it probably will be more.
Correct Ansa is already getting dealer price plus the shipping will be less because the amount being bought in one time .....no matter how yuh look at it they making a killing
telfer wrote:This makes no sense using Batfa ....ansa doesn’t buy from Batfa ......ansa gets dealer prices
But it seems like some people intent is to make excuses for everything in this country
Let’s take a simple simple simple example....my kid wanted a unicorn thing she saw in toymart- price in trini $1300
Toymart in Canada 70ca x 5.4tt —-$378tt
PariaMan wrote:just checked the internet the lowest priced CRV in the UK is 216000 tt most expensive 7 seater is 302000
Real gas lighting taking place here
Rory Phoulorie wrote:PariaMan wrote:just checked the internet the lowest priced CRV in the UK is 216000 tt most expensive 7 seater is 302000
Real gas lighting taking place here
I just took the on the road price (and not the total price payable) from this website.
https://www.honda.co.uk/cars/new/cr-v/o ... nance.html
Again, I ask, do we have any definite figures of what the local dealers pay CIF?
PariaMan wrote:There is an old saying never give a sucker an even break
we are suckers and the 1 % is aware of this
Instead of challenging them we are trying to explain away their action
PariaMan wrote:i used this site
https://www.honda.co.uk/cars/new/cr-v/s ... tions.html
this is the official on road price in the UK
ExactlyRory Phoulorie wrote:PariaMan wrote:There is an old saying never give a sucker an even break
we are suckers and the 1 % is aware of this
Instead of challenging them we are trying to explain away their action
The only way we could "challenge" them is to not buy from them. They are under no legal obligation to justify their prices to the buyers. But how many people in T&T are going to do that? People are still buying vehicles in these hard economic times like if is hops bread they buying.
why are you saying that dealers do not make money on new vehicles?sweeks wrote:FYI
1. Those UK prices consist of a 20% VAT. Should VAT be charged on vehicles being exported out of the UK? I could be wrong but I don't think so.
2. Dealerships doesn't necessarily make a lot of money from vehicles sales. Their real profits comes from parts and service. Any idea how expensive it is to run a dealership and invest in training, new technologies etc. Why hasn't more dealership invested in hybrids? Besides the 1% pushing CNG, hybrid technology and training is a big investment for any dealership.
And our vat is 12 % compared to 20 % (re sweeks )telfer wrote:And a crv is 1.5 Turbo
I feel is more like 100% profit them making yes. Lolcarluva wrote:... and all of this good discussion to what end? Instead of complaining about it on trinituner, can't the effort be spent to lobby towards better value for dollar and more competition?
Once there is competition, prices will be better. Before this govt changed the import requirements for RORO vehicles, I could remember when RORO was offering options to ppl and vehicle prices were competitive. The cars selling now for 200k and up could have been easily snapped up for 120k new, if one compares apples back then to what the apples are now.
Now you getting toots for 300k plus. All because the market is not competitive. New car dealers almost have a monopoly in some segments.
But as with everything else in this society we complain and whine and antagonise the wrong ppl instead of targeting what matters.
If van buyers decide that they not buying ranger, hilux or navarra, what will happen? Prices will fall.
If ppl stop running down the sportage and the tuscon, prices will fall. So instead of a possible 40% profit, dealers will settle for a 20% profit and everyone happy.
We just not competitive and it doh help that these tax structures are so aimed to benefit businesses and corporations, while screwing the working class.
cryotec wrote:Updated breakdown to address incorrect tax rates and use a more reasonable shipment rate. Based on these calculations, every $1 increase in the cost of vehicle, or CIF for that matter, yields the increase of $1.4 to the final price.
SLVR1 wrote:Wow you have been busy.
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