A Tale Of Two Winters

Tyler Durden's picture

Presenting the US car market this cold, stormy, sunny, dry, and rainless winter according to "The Haves... and The Have-Nots..."

 

The Haves...

  • *FERRARI POSTS RECORD SALES IN U.S. AND U.K. IN 2013
  • *MASERATI GLOBAL SALES MORE THAN DOUBLE IN JAN
  • *PORSCHE REPORTS RECORD FEB. SALES (UP 15%)
  • *MERCEDES REPORS HIGHEST JAN SALES IN HISTORY
  • *LAMBORGHINI SEES 2014 HURACAN DELIVERIES EXCEEDING 1,800

And The Have-Nots...

  • *FORD FEB U.S. LIGHT-VEHICLE SALES FALL 6.1%
  • *GM FEBRUARY U.S. SALES FALL 1%
  • *TOYOTA U.S. FEB SALES DOWN 4.3%
  • *VOLKSWAGEN OF AMERICA FEB. VEHICLE SALES DOWN 13.8%
  • *HONDA FEB. U.S. VEHICLE SALES FELL 7%

It appears the 1% don't feel the cold (or wet) weather?\

What is supremely clear from this data is - if you want to sell cars, raise prices...

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Hippocratic Oaf's picture
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HedgeAccordingly's picture

 Charles Plosser  Stock market rising mostly on ‘fundamentals.’ http://hedge.ly/1bThYgM

DoChenRollingBearing's picture

I would be curious to know about Hyundai's sales.

HyBrasilian's picture

Only cars on the MID ATLANTIC roads today...

~~~

- Dick Dastardly & Muttley in the MEAN MACHINE

- The Slag Brothers in the BOULDERMOBILE

- The Gruesome Twosome in the CREEPY COUPE

- Professor Pat in the CONVERT-A-CAR

- The Red Max in the CRIMSON HAYBAILER

- Sergeant Blast and Private Meekly in the ARMY SURPLUS SPECIAL

-The Ant Hill Mob in the BULLETPROOF BOMB

- Penelope Pitstop in the COMPACT PUSSYCAT

- Luke & Blubber Bear in the ARKANSAS CHUGABUG

- Rufus Roughcut & Sawtooth in the BUZZWAGON

- [ZH's own] "DC Fusor" in the $40,000 US TAXPAYER DOLLAR/GOVT OBAMACARE SUBSIDIZED ~ COAL FIRED ~THIS IS THE 2ND HALF AMERICA ~ CHEVY VOLT

DoChenRollingBearing's picture

Well, I do not know what you find on Brazilian roads now, but I will try to give you guys a report on cars in Peru in the coming days (nos vamos alli pronto, pezez!).

DoChenRollingBearing's picture

~~~

Well, that's why I have a bike!

cro_maat's picture

I sold my 2 cars a few years ago and now use a longboard and the Subway. I even splurged on a deluxe (local Brooklyn made) longboard model to the tune of $350. They even took fiat currency (heh heh)

Cacete de Ouro's picture

Don't forget Peter Perfect in the TURBO TERRIFIC

http://youtu.be/ESi7uGMNaMs

Neethgie's picture

Duh obamas socialist paradise made everyone rich so nobody wants crappy gm cars anymore everyone is riding in ferraris

Stuck on Zero's picture

It's the weather!   All those GMs, Fords, Chryslers, etc are sold in the frigid fly-over states.  The Maseratis, Ferraris, Lamborghinis, Porsches etc. are all sold in places like Beverly Hills, the Amalfi Coast, the South of France, Monaco, Miami, and Cote d'Azur ... the warm places.

 

pragmatic hobo's picture

my guess is that 90% of the 1% can't afford porsche or maserati ... and 99% of that 1% can't afford ferrari or lamboghini ...

seek's picture

You're not far off at all.

IRS cut-off for top 1%: $389K. After tax income: about $275K

Price for a new Ferrari FF: about $280K

So a new ferrari is actually more than an entire year's after tax for someone just on the 1%er threshold. Even financed it's a stretch once you account for depreciation. Add in maintenance which is fucking insane, plus insurance and yeah, being in the 1% won't cut it. Maybe the 0.25% or so.

DoChenRollingBearing's picture

A couple in our condo building owns a Ferrari.  The first time I met the guy (call it two years ago), he told me that his wife was from Venezuela.  "Ah, Venezuela", I mentioned, "I hope you guys don't have any money down there..."

He replied, "No, we have almost nothing down there..., well our house in Caracas..., and our house at the beach."

[Yow! I think, this guy is worth MORE than an order of magnitude more than we are...]

***

So, yes, I think seek has it right, there are several "levels" of wealth among the 1%.  I guess if you have BIG $$$, there is always a fairly easy way to spend it...

Keyser's picture

Surely you jest... Using the bottom of the IRS threshold is hardly definitive... All I know is that there is a lot of $$$ rattling around in the economy and I lose count of all the high-end vehicles I see on the road every day... 

ATM's picture

So the average working stiff makes $40k/yr yet buys a $40k Ford F150 FX2 or a 40k Honda Accord. It's called making payments.....

TalkToLind's picture

I know a guy who makes twice that who bought a used car for less than $15,000.  Come to think of it, his avatar looks alot like mine.

GeezerGeek's picture

So a new Ferrari FF goes for around 13,000 ounces of silver.

A brand new 1962 Ferrari 250GT cost around 12,500 ounces of silver. 

FF is definitely better than that 250GT.

What a difference 52 years makes.

jimmytorpedo's picture

I disagree.

I would take a 250GT anyday over an FF.

Then again I would take an M1A2 Abrams over a Ferrari as well.

drstrangelove73's picture

I could own a Ferrari
But it would look stupid in my garage,at work(yes,I work,55-60 hrs a week)
So,no.
3year old Nissan z.0-60 in 4.8

Canoe Driver's picture

You guys are all wrong. Some people buy these high-end cars for cash, and some of them don't have very high incomes. Assets and inheritance are unrelated to income. Many more are financing, also with only moderate incomes. There is also the attitude that the cars are investments because they hold their value.

One of my big regrets is not buying a Ferrari in 1999. At the time, I had no earned income at all, I was a student with some investments. 

zelator's picture

Or as The Decider has put it: "The haves and the haves more.." are the only buyers now.

economessed's picture

So, is Ferrari channel-stuffing too?  Are the dealers piling the inventory in the vacant parking lots of K-Marts?

seek's picture

No, I just checked my local Ferrari dealer, they had ONE unit on the lot, and it was sold. Everything else they had was Maserati (which they had a LOT of) and the Maserati's definitely had 1%er capable prices (120-150K).

youngman's picture

I bet its the NFL..NBA and the Pot store owners in Colorado and Washington..

headhunt's picture

At least the pot store owners will have to keep buying new cars.

headhunt's picture

Do you smoke pot and forgot or did you never smoke pot?

You can't smoke, drive and stay on the road

Keyser's picture

Cough, cough, horse shit...

 

11b40's picture

I can, so speak for yourself.  Or, do you simply not know what you are talkng about?

Comte d'herblay's picture

If you've gotten a really good high, it's difficult to remember the last word you spoke, where on the map you are,  let alone where you parked your car. 

 

TheGardener's picture

The motor car being the coolest item one could own in the 20th century is wearing off her appeal. Have a barns
full of quite a collection of vintage cars I`am selling off for some time now and got to the point I don`t have to drive
anything anymore.

Plan to keep the odd 4WD truck and a jeep for the farm and
get rid of the lot. God thanks the prices are better then ever.

NoDebt's picture

Keep one around that got no computer, GPS or any electronics.  If it's got an old points-style ignition, so much the better for being able to drive around the day after an EMP blast.  I'm keeping my old Malibu forever.... just in case.  When all the modern cars have their circuit boards fried out of them, the 'Bu will still run.

quartshort's picture

Where are you going to get gas? Every pump I've seen for the last 12 years has converted to a 'puter system.

W74's picture

You think a man with that mentality wouldn't think ahead to have a little fuel stored up?

Keyser's picture

Gasoline has a shelf life, even when treated... 

General Decline's picture

Rotate your stock frequently pre EMP and then the day you actually need it, you should be good for a while. A little Stabil won't hurt either.

NoDebt's picture

Small number of rich, large number of poor and just enough middle class to service the rich.  As it has been in most societies throughout most of human history.  A giant reversion to the mean in progress as we speak.

buzzsaw99's picture

those cars are totally practical for pothole strewn roads lined with criminal hordes

headhunt's picture

GM sales are actually down 12% as per ZH previous post.

GM sales to Dealers up but actual GM sales down.

TheRideNeverEnds's picture

Meh who cares, Tesla is at least, AT LEAST 50% over valued yet had a fifteen dollar reversal to the upside.   They are not even profitible but have a market cap basically equal to GM. 

 

Its all smoke and mirrors. 

headhunt's picture

Tesla is the tulip bulb investment of the global warming left.