Very interesting (and sad) "Cayenne in Spain" article
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RC (Germany) - Rennteam Editor Porsche 997 Carrera GTS Cabriolet PDK, BMW X5M, BMW M3 Cab DKG, Mini Cooper S Countryman All4
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RC (Germany) - Rennteam Editor Porsche 997 Carrera GTS Cabriolet PDK, BMW X5M, BMW M3 Cab DKG, Mini Cooper S Countryman All4
Cayenne is seling very well in 2011 in Spain. 1.079 cars Jan-Nov, +41,4% 2010, for comparison:
Porsche total sales 1.570 (only Spain, not Porsche Iberica), +25,4% Jan-Nov
Enzo II:
Cayenne is seling very well in 2011 in Spain. 1.079 cars Jan-Nov, +41,4% 2010, for comparison:
- VW Touareg 1.158
- BMW X5 1.140
- Cayenne 1.079
- Mercedes ML 1.071
- Audi Q7 864
- Range Rover 758
Porsche total sales 1.570 (only Spain, not Porsche Iberica), +25,4% Jan-Nov
So the Bloomberg article is...crap ?
I'm actually very surprised to see that car sales in Spain have increased substantially in 2011 and not only luxury cars. Weird. Do people fear a EUR crash (so they need to get rid of their "cash" ? ) or what is the real reason for that ? Unemployment rate in Spain is still 4x (!) higher than in Germany for example, in certain (younger) age categories even higher. Just asking...
RC (Germany) - Rennteam Editor Porsche 997 Carrera GTS Cabriolet PDK, BMW X5M, BMW M3 Cab DKG, Mini Cooper S Countryman All4
Cars sales are falling down in Spain, in its lowest level since 1993.
2005: 1.528.849 cars
2006: 1.499.032 cars
2007: 1.615.201 cars
2008: 1.161.176 cars
2009: 952.722 cars
2010: 982.015 cars
2011: below 900.000 cars
I'm just saying, that Cayenne is not a good example, because it is selling very well nowadays
In summary...
2007: everybody seems rich in Spain . 2008: first crisis year in Spain , and a new 14.75% tax for new cars with emissions above 200 gr.CO2/km . 2011: Stil in crisis , data until november.
Mikla:
There are still many wealthy people in Spain who buy Cayennes. The article refers to those new rich who bought them as a social sign, but when the crisis arose they could no longer afford them.
Now this makes more sense.
RC (Germany) - Rennteam Editor Porsche 997 Carrera GTS Cabriolet PDK, BMW X5M, BMW M3 Cab DKG, Mini Cooper S Countryman All4