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1 Aug 2012, 10:35 (Ref:3114631) | #1 | ||
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Car industry prepares for Ford exit
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Cromley: "With the margin Gareth has, he doesn't need to play for sheep stations" |
1 Aug 2012, 11:53 (Ref:3114668) | #2 | ||
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There have been a few big name Ford dealerships change hands in recent times for prices that seem undercooked..
Former Britek & Formula Ford championship winning (with Mr Larkham & Mr Ingall) sponsor Coffey Ford recently changed hands for $2m Here, which perhaps reflects the state of volumes in the blue oval dealerships Ford hasnt tried to tickle business along with fancy financing packages to stimulate demand. Nissan, VW, Toyota, Renault, Subaru, Mercedes, Volvo and friends have all participated in low interest rate financing most recently, and from the look of the sales numbers, this has been helping shift a lot of product. Whether there is money to be made out of financing is the challenge... being able to flex the interest rates on a customer's borrowings is where many dealerships have made their money. What will happen going forward with fixed price servicing, as against full price servicing which is another post-sale source of strong margins and indeed ongoing cashflows, will be interesting.. |
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Happy David Thexton Day, 21st March 2003 “I am not uncertain” - Dollar Bill Stern, Billions “Fear stimulates my imagination” - Don Draper, Mad Men “Everybody Lies” - Dr Gregory House, House “Trust But Verify” - Commissioner Frank Reagan, Blue Bloods |
1 Aug 2012, 15:48 (Ref:3114773) | #3 | |
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Hope they are all wrong, sad to hear of anyone thinking of closing a factory
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Cromley: "With the margin Gareth has, he doesn't need to play for sheep stations" |
15 Nov 2012, 12:38 (Ref:3166628) | #4 | ||
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http://www.news.com.au/national/ford...-1226517474664
It does not matter which company, Ford, GM or any other it is workers in our Country that are on the scrap heap. |
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15 Nov 2012, 20:02 (Ref:3166791) | #5 | ||
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The thing I still havent worked out is why there is still a healthy trade in selling Ford dealerships. The likes of AHG & AP Eagers have more than a few in the portfolio, and have kicked tyres and/or consummated deals to eat up a number of family dealerships
Just like Mitsubishi and Nissan before them, if/when Ford pulls out, surely the market value of some of these dealers simply evaporates? |
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Happy David Thexton Day, 21st March 2003 “I am not uncertain” - Dollar Bill Stern, Billions “Fear stimulates my imagination” - Don Draper, Mad Men “Everybody Lies” - Dr Gregory House, House “Trust But Verify” - Commissioner Frank Reagan, Blue Bloods |
15 Nov 2012, 22:40 (Ref:3166858) | #6 | ||
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Ford sells the world's most popular car (the Focus) unlike Nissan or Mitsubishi. Not to mention the other world Ford models which are doing well here in Australia.
Or are you saying that unless you sell locally produced cars your dealership is worthless? On that basis Mazda dealerships must be dirt cheap to buy. |
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15 Nov 2012, 23:50 (Ref:3166881) | #7 | |||
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Which would have an impact on profit and dealer valuations.. |
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Happy David Thexton Day, 21st March 2003 “I am not uncertain” - Dollar Bill Stern, Billions “Fear stimulates my imagination” - Don Draper, Mad Men “Everybody Lies” - Dr Gregory House, House “Trust But Verify” - Commissioner Frank Reagan, Blue Bloods |
16 Nov 2012, 00:13 (Ref:3166885) | #8 | ||
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That's true. It will also start to apply to Holden dealerships sometime soon.
Holden Cruz sales are going down and will have to compete against the cheap imported Thailand Focus. Not to mention the other competition in a class and the biggest competition of all, the high Australia dollar. Commodore sales are now crashing too, so there won't be the need for so many Holden dealers. This is a race that neither Holden or Ford are going to do too well in. I guess what I was trying to say in my post was that Ford sales are not going to crash dramatically if local production ends, so there will still be value in owning a Ford dealership in the long-term. |
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16 Nov 2012, 00:23 (Ref:3166888) | #9 | |
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Ford marketing is just hopeless….the Ford Ecoboost is a decent car but there has hardly been any marketing of the car. Also might help if they brought out a diesel for the Falcon and a few other models to boot. You would be bonkers to purchase a Falcon now if you were a private buyer (let alone fleet), Mondeo makes more sense
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16 Nov 2012, 02:08 (Ref:3166912) | #10 | ||
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16 Nov 2012, 02:42 (Ref:3166925) | #11 | ||
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Ford missed the boat years ago first dropping the V8 after the XE they lost a generation of potential buyers for kids having an interest in Australian cars followed HDT/HSV....later they lost it again with no replacement for the Laser and relying on the Falcon....sure a few years there the XR6 Turbo was the ducks guts but the market moved again and Ford was reading from another book As for the finance package luxury brands like Mercedes have been doing this for sometime...now trickling down to mainstream cars will put a further nail in the coffin of big Aussie 6. |
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16 Nov 2012, 02:55 (Ref:3166927) | #12 | ||
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16 Nov 2012, 13:21 (Ref:3167058) | #13 | |||
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WTF happened to extolling the things that actually matter in a car? You know. Minor stuff like performance, safety, enconomy, looks, price etc. frod are just xxxxing on their heritage. Such as it was |
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You in the Camry. The world won't end if you press a bit harder on the accelerator. (its the tall skinny pedal on the right) And FFS use the indicators! |
24 Nov 2012, 07:20 (Ref:3170442) | #14 | |||
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16 Nov 2012, 01:04 (Ref:3166902) | #15 | ||
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Just wait til Toyota brings its new finance model into the retail market
There is a strategy apparently to mimic the US concept of a fully maintained operating lease, charging a set price per month, and all you have to do is keep the mileage within agreed numbers (reflected in the price), the car serviced at genuine Toyota dealers, and put fuel in it, and there should be no other costs Supposedly this is scheduled for a 2013 Q1 launch It should be an absolute gamechanger in the industry! Imagine driving a brand new Corolla for say $400 a month.. No more to pay. Then get a new one for the same money in 3 years time.. |
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Happy David Thexton Day, 21st March 2003 “I am not uncertain” - Dollar Bill Stern, Billions “Fear stimulates my imagination” - Don Draper, Mad Men “Everybody Lies” - Dr Gregory House, House “Trust But Verify” - Commissioner Frank Reagan, Blue Bloods |
16 Nov 2012, 03:10 (Ref:3166931) | #16 | ||
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Sorry, can't agree - those types of finances packages have been around literally for decades from the luxury brands plus have also been available from finance companies for quite some years.
Could be new to Toyota or for that matter to a volume manufacturer finance arm but game changer? Not even close. |
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“We’re far from having too much horsepower…[m]y definition of too much horsepower is when all four wheels are spinning in every gear.” ― Mark Donohue |
16 Nov 2012, 09:03 (Ref:3166972) | #17 | |||
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... but the likes of Toyota with mainstream cars.. it will be something new.. A couple of importers have offered near-zero interest rates through their dealer networks, and enjoyed a significant volume upswing in models that previously couldnt been brought to life with any other means... Metal is moving... and the finance solution is one of the reasons for the activity.. Whether this pulls forward demand, or adds to the overall aggregate is a numbers game that nobody seems to understand just yet.. but the accretive activities in the servicing and parts divisions from the increase in the carpark is something that will pay back the dealer for the next 5 years. In the Toyota example, they are said to also be decentralising some of their fleet activities, allowing local dealers the ability to sell/deliver/administer fleet sales activities in their PMA. Someone is thinking outside the box... and with borrowings in Japan possible at less than 1% p.a. coupon rate, and an economy locally that is supposedly the best thing since sliced bread... lets see what the world delivers us |
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Happy David Thexton Day, 21st March 2003 “I am not uncertain” - Dollar Bill Stern, Billions “Fear stimulates my imagination” - Don Draper, Mad Men “Everybody Lies” - Dr Gregory House, House “Trust But Verify” - Commissioner Frank Reagan, Blue Bloods |
16 Nov 2012, 21:42 (Ref:3167222) | #18 | |||
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Strange that Toyota are only decentralising fleet activity now - others have again been doing it for a very long time. |
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“We’re far from having too much horsepower…[m]y definition of too much horsepower is when all four wheels are spinning in every gear.” ― Mark Donohue |
16 Nov 2012, 22:21 (Ref:3167238) | #19 | |||
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Happy David Thexton Day, 21st March 2003 “I am not uncertain” - Dollar Bill Stern, Billions “Fear stimulates my imagination” - Don Draper, Mad Men “Everybody Lies” - Dr Gregory House, House “Trust But Verify” - Commissioner Frank Reagan, Blue Bloods |
16 Nov 2012, 07:58 (Ref:3166962) | #20 | ||
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We've had that for over 20 years. Usually there is several thousand $ up front for various fees they hit you up for when you sign. As an example: http://www.toyotafinancial.com/consu...ilsPage_unsctf Leases usually sucker in "payment buyers" or business owners or those that like new cars and like to trade in all the time. They are not always financially advantageous. |
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Wolverines! |
17 Nov 2012, 11:56 (Ref:3167474) | #21 | |||
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How is an operating lease new GTR? There's at least 5 leasing companies in Australia with over 20,000 Operating leases on their books? Back on topic, I can't feel sorry for Ford. Consumers have spoken and said that they don't want large cars (see Corolla and Mazda 3 sales increases in the last 5 years) The Govt. coughs up our tax money to Ford in the way of grants.. ..so they put a 4 cylinder and gas into the Falcon no-one wants to buy. Holden at least wised up and found the Cruze from the international GM car bin. Its selling pretty good for what it is. |
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22 Nov 2012, 13:36 (Ref:3169818) | #22 | ||
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If Ford keeps building 400 kw cars like this, be a good thing http://www.carsguide.com.au/news-and...gt_police_car/
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24 Nov 2012, 05:25 (Ref:3170425) | #23 | |||
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Toyota Financial Services has some amazing firepower, able to borrow in Japan at almost 0%, resell the cash here at 6+%... its kind of a wait and see. A couple of others financiers are planning something similar... |
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Happy David Thexton Day, 21st March 2003 “I am not uncertain” - Dollar Bill Stern, Billions “Fear stimulates my imagination” - Don Draper, Mad Men “Everybody Lies” - Dr Gregory House, House “Trust But Verify” - Commissioner Frank Reagan, Blue Bloods |
16 Nov 2012, 13:15 (Ref:3167052) | #24 | |||
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Back on topic. As long time Holden/GM owner, fan, mechanic, I'm always pleased to see henry getting screwed. BUT I am concerned with the loss of jobs & capability in this country. We used to make so, so much in Australia. Now we're a nation of raw materials exporters. And that saddens me. |
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You in the Camry. The world won't end if you press a bit harder on the accelerator. (its the tall skinny pedal on the right) And FFS use the indicators! |
16 Nov 2012, 03:58 (Ref:3166935) | #25 | |
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Ford should put the ecoboost 4 cylinder in an AWD Fiesta.......I'd like to see that, it would be a pocket rocket.
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