Hammer Time: The Good Old Days
Let’s pretend they never happened because… well… we’re still waiting for them. Sure, on the surface things could be worse. Real estate is getting to be cheap. Cars are getting even cheaper. We seem to be in this period of mild deflation where ‘deficits don’t matter’ and interest rates remain low thanks to China. It’s a debtly paradise that will eventually turn our economy upside down, but for now it’s all good. As John Fogerty used to say, “There’s a calm before the storm, I know it’s been calmin’ for some time.” I’m not convinced that hyperinflation will be on that menu, but a happy-go-lucky tightwad like me realizes that books and reality need to be balanced no matter what. So…
Will this strategy work out? I really don’t know. Right now my inventory is at it’s highest level in a long time. I’m not even trying to market what I have very hard at the moment, which is strange since a couple of years ago I would be in full panic mode. The new car dealerships had a very good fourth quarter last year and that usually translates into a healthy first quarter in the used car market. Tax returns. Bonuses. Everything but new hires at the moment. Like most other investments, there are pluses and minuses you have to weigh in before putting up the capital.
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- Jam65757601 This is a way of saying the VW empire is shaky,
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- Lou_BC The dealbreaker for me is the $80k starting price in Canada.
- Zipper69 The Grenadier was designed ground up to be a "better Land Rover" and by most press accounts comes close.What little we know about the Quartermaster it's clear that it's intended for serious off road work without additional aftermarket fettling needed.The price is clearly a barrier, but IF it's the real deal, it will have a slot in the market.
- Michael Charging more for less. Hmmmm