[DeTomaso] Where is she now?

[Charles McCall]

I suspect that Boyd's observation is correct. A $35000 car is laughably cheap in Euros and is well below market value. A $73000 car is 48.000 euros, which isn't out of the market for a well sorted out car. 

A lot of Europeans are nervous about buying a car on the other side of the ocean and don't know the costs or process. They may not speak the language, or may think it is prohibitively expensive to import.  Before the economy took a dump I was half seriously thinking of buying late-model Corvettes in the US and importing them to Europe. 

Think about it if the Euro-dollar situation was reversed. A €35000 car would be $20.000, and a steal for Americans. Transportation would only account for $1000, and a solid Pantera would still be worth roughly $35000 USD. But how many Americans would be willing to go shopping in Austria in German, or in Denmark, or whatever to buy a $20.000 Pantera? Those willing to do so could find some steals. 

So you buy a €35.000 euro car for $20.000 and put it up for sale for $35.000, which is local market value. The Europeans comment on how their €35000 car is now for sale for €55.000. That's kind of what is happening here, or at least to an extent. 

Charles McCall
1985 DeTomaso Pantera GT5-S #9375
"Raising Pantera Awareness Across Europe"
http://www.poca.com/index.php/gallery/?g2_itemId=2323

-----Mensaje original-----
De: detomaso-bounces at realbig.com [mailto:detomaso-bounces at realbig.com] En nombre de boyd casey
Enviado el: miércoles, 02 de diciembre de 2009 6:04
Para: Kerry Maguire
CC: detomaso at realbig.com
Asunto: Re: [DeTomaso] Where is she now?

One difference might be the Euro is at an all time high compared to the
dollar. Just like we think of things ia their price relative to dollars they
think in terms of the local currency. It dosen't explain a price more then
doubling. The Euro has gone from less then 1 to a dollar to 1.52 euros for 1
dollar. PI motor sports told me that they were haing their inventory of
parts being bought up by Germans? Who Knows?
Boyd

On Tue, Dec 1, 2009 at 10:30 PM, Kerry Maguire <
kmaguire at landrovermiramar.com> wrote:

> What intrigues me is why the Germans fell in love with the car and why they
> think it is worth so much money.
>
> It was obviously priced right to sell, but why do they want so much for it?
>
> What I see is basically an unmolested car with some modern and necessary
> updates.
>
> Maybe that is what sells nowadays?
>
> Regards,
>
> Kerry M. Maguire #5606
> Since I have been asked several times to help with the answer for what has
> changed:
>
>
> She went from So Cal to Germany...
> And the price changed "slightly" from $34K to around $73K.
> Otherwise I see no major differences!
> Chuck
> Ah Location, Location, Location.
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