• Pivotfarm
    04/18/2014 - 12:44
    Peering in from the outside or through the looking glass at what’s going down on the other side is always a distortion of reality. We sit here in the west looking at the development, the changes and...

Porsche

Tyler Durden's picture

A Tale Of Two Winters





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

 


Tyler Durden's picture

Frontrunning: February 27





  • European Bonds Surge on Slowing German Inflation, Ukraine Tumult  (BBG)
  • Ukraine tensions hit shares (Reuters)
  • Debating Geithner’s Appearances in 2008 Transcripts  (Hilsenrath)
  • Tensions in Asia Stoke Rising Nationalism in Japan (WSJ)
  • GM Investigated Over Ignition Recall Linked to 13 Deaths (BBG)
  • Smartphone wars shift from gadgetry to price (Reuters)
  • Some Companies Alter the Bonus Playbook (WSJ)
  • London’s Subterranean Luxury Manors Lure New Breed of Lenders (BBG)
  • Japan No Country for Old Farmers as 7-Eleven Takes Plow (BBG)
  • Dream of U.S. Oil Independence Slams Against Shale Costs (BBG)
 


Tyler Durden's picture

Howard Davies On The Banks That Ate The Economy





Bank of England Governor Mark Carney surprised his audience at a conference late last year by speculating that banking assets in London could grow to more than nine times Britain’s GDP by 2050. These may be reasonable assumptions, but the estimate was deeply unsettling to many. Hosting a huge financial center, with outsize domestic banks, can be costly to taxpayers. In Iceland and Ireland, banks outgrew their governments’ ability to support them when needed. The result was disastrous. Quite apart from the potential bailout costs, some argue that financial hypertrophy harms the real economy by syphoning off talent and resources that could better be deployed elsewhere.

 


Tyler Durden's picture

The 1% Don't Feel The Weather: Ferrari Posts Record Sales In US; Doubled In Jan





First Mercedes, then Porsche, and now Ferrari and Maserati post record US sales in January...

*FERRARI POSTS RECORD SALES IN U.S. AND U.K. IN 2013
*FERRARI AND MASERATI GLOBAL MORE THAN DOUBLE IN JAN TO 2,400

...a month where the non-1%-auto-makers struggled mightily. Of course, the latter missed expectations are blamed on weather (as opposed to dealer inventories stuffed at record levels, a replacement cycle that has run its course, or a consumer that is once again credit-tapped out). So, the clear findings from this is that the 1% - who are buying more luxury cars than ever before in January - clearly don't feel the weather...

 


Tyler Durden's picture

Porsche Sales Surge To Record - 3 Years Ahead Of Plan





It seems yet another (luxury) car maker did not get the "but it's the weather" memo. Following Mercedes record sales in January, Porsche has announced today that expects to hit a target of selling more than 200,000 sports cars next year, three years earlier than originally scheduled. As Reuters reports, Volkswagen-owned Porsche is entering the lucrative segment of compact SUVs with its new Macan model, which has already sold out about eight months of production ahead of its arrival at German dealerships on April 4. Wealth effect, of course, is all that matters... and the promise of higher minimum wages and a Maserati in every garage.

 


Tyler Durden's picture

Frontrunning: February 3





  • Emerging-Market Rout Seen Enduring on Low Real Rates (BBG)
  • After rocky January, markets eye data and central banks (Reuters)
  • Europe will feel the pain of emerging markets  (FT)
  • Lloyds delays dividend prospect after mis-selling charge (Reuters)
  • Snow Set to Snarl New York Commute as U.S. Flights Halted (BBG)
  • Rate Decision to Drive Yellen's Early Agenda  (Hilsenrath)
  • Thai protesters move to downtown Bangkok in bid to topple PM (Reuters)
  • China says Japan's 'hype' on air defence zone spreads tension (Reuters)
  • Hedge funds seek 1.8 billion euros damages from members of Porsche's owning family (Reuters)
 


Tyler Durden's picture

The "Record Recovery", At Least For Porsche





While the non-luxury auto-manufacturers suffered from a case of cannel-stuffed constipation in December, Luxury brands appeared to do very well thank you Mr. Bernanke:

  • *PORSCHE REPORTS RECORD SALES IN '13 21% RISE OVER '12
  • *PORSCHE CARS NORTH AMERICA DEC. SALES UP 10%

As the company notes, it "exceeded 40,000 sales for the first time in the history of Porsche in the US," as the 911 sold 10,442 units and Cayenne 18,507 units.

 


Tyler Durden's picture

The Trends To Watch For In 2014





The following 8 key dynamics (from government over-reach and economic stagnation to civil discontent and beyond) will play out over the next two to three years...

 


testosteronepit's picture

Something’s Afoot In China: Young Rich Woman Are Buying Maseratis





In the US and Europe, 95% of the buyers are male. Average age is 55. What's different in China?

 


Tyler Durden's picture

The Recovery Is Here: Spot The Outlier





Presented with little comment aside to note that following last month's Porsche news, the Lambo release, and now this... the 'recovery' is truly here...

 


Tyler Durden's picture

Tesla Crosses $20 Billion In Market Cap: Twice Size Of Fiat





The chart below, which we are quite speechless to comment on, shows the market cap of TSLA, which will sell 35,000 cars in 2013 and must sell between 500,000 and 3,000,000 cars by 2022 to grow into its valuation (as explained before), compared to some other car companies such as Fiat, Porsche, GM, Ford and Volkswagen. So yes: Tesla may be double the market cap of Fiat, but it is less than 20% the size of Volkswagen, so there is obviously much upside still.

 


Tyler Durden's picture

"Recovery" Data Point Of The Day





*FERRARI SAYS 1H NET INCOME RISES 20%

*PORSCHE JULY U.S. SALES UP 36%

 


ilene's picture

Say Hello to Inflation, Inflation is Dead





When enough of us realize the extent of inflation, bond buyers will likely demand higher coupon rates; the government's cost of debt service could soar. 

 


Tyler Durden's picture

Behold The Wealth Effect





Curious where the always elusive "wealth effect" is going? It's going here:

PORSCHE REPORTS BEST SALES MONTH IN HISTORY; DELIVERIES UP 29%

 


testosteronepit's picture

Secret French Plan In the European War Of The Automakers





A desperate, misbegotten, taxpayer-funded deal

 


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