[DeTomaso] Shipping from the USA to Europe to sell?

[Julian Kift]

Very dififcult to establish what is market driven and what is currency as a lot depends on which Country and the cost of importation and legalization as that can vary substantially and in some cases double the cost of the car delivered road ready in said Country. Although the EEC (European Econiomic Community) may be viewed as conglomerate of states operating on a similar Euro currency (well all except the UK, which refuses) each has its own very different rules, regulations and tax structures.
 
A good number of the lots in the recent RM London auction are from overseas sellers and sold without importation to UK (i.e. cars are brought in on a temporrary import permit). If the car is to remain in the UK then VAT (15%) plus duties add to the cost of the auction selling price. What I'm saying is that maybe that auctyion price is a better indication of 'market', but again caution that a car is worth what someone is willing to pay on the day. I'm asssuming that RM's quoted sales prices are including buyer commission or that could be another 10% again.


Julian
 
> From: detomasoregistry at gmail.com
> To: boyd411 at gmail.com
> Date: Sat, 2 Jan 2010 10:14:15 -0800
> CC: detomaso at realbig.com
> Subject: [DeTomaso] Shipping from the USA to Europe to sell?
> 
> Note that I have changed your subject line...
> 
> There have been quite a few cars sold in the USA over the last 2-3 years that later
> popped up for sale in Europe. One example does not generate enough data to 
> get a good statistic, but I recently sited one (extreme) example. 
> Search the archives for the thread where I posted the links into the Registry
> for the example. The subject was something like "Look where she is now", in the last 2
> months or so.
> 
> This was a (green L) car that was quite nice, and was advertised on my website
> as well as other areas (so it received good broad exposure - for Larry in Cleveland). 
> It did sell quicker than the average (2-3 months?) I believe. 
> 
> It is possibly still for sale (so the Euro-asking price is not a sold price), at a 
> price around double what it sold for here in California.
> 
> There is also a converted GT5 (blue or black ?) that is for sale in the UK which is
> a LHD car from the USA which may be still for sale also.
> 
> If you are really interested, I can suggest some search ideas. Search for Euro ads,
> then if the car looks like a USA market car, search the Registry for sales history.
> 
> Chuck
> (The Registry Guy)
> 
> 
> I would love to see the results of a sale of a US car that had been offered
> for sale here (in the US) and the exported to Europe to see a fair
> representation of the market difference for the same car in both markets and
> try to determine if the difference (if there is one ) is currency driven or
> just that the market is stronger there? I don't know if there really is a
> difference but it certainly seems so. In any case it would be an interesting
> exercise. ( and maybe a profitable one.)
> Boyd
> 
> On Fri, Jan 1, 2010 at 4:35 PM, <mikeldrew at aol.com> wrote:
> 
> >
> > In a message dated 1/1/10 13 26 32, tomdiiulio at gmail.com writes:
> >
> >
> > > hey, i'm NOT a homosexual, i just like watching good greco roman
> > > wrestling!
> > > i've had 2 offers at 35k and have turned 'em down but it doesn't look
> > like
> > > the car will go for much more than that. regardless of what i/we think
> > the
> > > car is worth, the market sets the price.
> > > maybe i should ship it overseas......
> > >
> >
> > Or better yet, just KEEP IT and avoid a lifetime of regret!
> >
> > Mike
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