Crown
Board: Porsche - 911 - 997 - Turbo
Language: English
Region: Worldwide
Close
CloseForum - Thread
Re: Turbo Cabriolet Price in Europe
It's beyond me why you guys fret about this... to afford Porsches I imagine you have some reasonable education level... is it so difficult to understand? Consumer goods cost a lot in Europe because the continent is now a socialist society and socialism is expensive. No ifs or buts about it.
Re: Turbo Cabriolet Price in Europe
Why don't you guys do like a bunch of us did, move to the US 
Seriously, people have forgotten the late 90s where the USD was so high it was cheaper to import cars from europe to the US, and I was too young to remember but early 80s were the same.
Since currencies are free to float, they have a tendency to overshoot reasonable levels from time to time, all will correct itself eventually. This is actually true for most (if not all) assets and economic indicators.
Seriously, people have forgotten the late 90s where the USD was so high it was cheaper to import cars from europe to the US, and I was too young to remember but early 80s were the same.
Since currencies are free to float, they have a tendency to overshoot reasonable levels from time to time, all will correct itself eventually. This is actually true for most (if not all) assets and economic indicators.
Re: Turbo Cabriolet Price in Europe
Quote:
SciFrog said:
Why don't you guys do like a bunch of us did, move to the US
Seriously, people have forgotten the late 90s where the USD was so high it was cheaper to import cars from europe to the US, and I was too young to remember but early 80s were the same.
Since currencies are free to float, they have a tendency to overshoot reasonable levels from time to time, all will correct itself eventually. This is actually true for most (if not all) assets and economic indicators.
True, but currency difference is not the largest factor in consumer prices in Europe. When the dollar rises (say to the target $1.20/EUR or even parity) a 911 in Europe will still be far costlier (in US dollars) than the same car in the US.
Re: Turbo Cabriolet Price in Europe
Quote:
ADias said:
It's beyond me why you guys fret about this... to afford Porsches I imagine you have some reasonable education level... is it so difficult to understand? Consumer goods cost a lot in Europe because the continent is now a socialist society and socialism is expensive. No ifs or buts about it.
Speaking as an European who has regularly visited the USA with an open mind and wide open eyes, and based on this well-founded personal experience is a fan of the more positive aspects of the American way-of-life, the view you express above does strike me as being over-simplistic in the extreme.
Re: Turbo Cabriolet Price in Europe
Quote:
SciFrog said:
During the year after euro was introduced (2002), at some point 1 euro equalled 0.83 USD. It is now 1.59 USD...
Go back to 1970 rate of exchange for the Deutschmark to US dollar and allow for conversion of DEM's to Euro, then you arrive at an equivalent exchange rate of over 2 Euro to one 1 US $ back then. The underlying trend has gone consistently one way since then.
So much to the subject of the inefficiency of the supposedly "socialist" European economy.
Re: Turbo Cabriolet Price in Europe
Quote:
SciFrog said:
This has more to do with the diversification of currency reserves than strength of relative economies...
Diversification of currency reserves might explain short-term phenomena, but cannot be the sole explanation for long-term trends.
Forum
About Rennteam | Help | Terms of use | Privacy Policy | Support | Contact | Imprint | Archive
Powered by
Community
and
