Opinions? 2014 Economic prediction

[aceofspades]

Hi guys,

I’ve been asked this question by one of the most expensive car producers in England as part of a university assignment, and i was wondering if I could get some input (since my course doesnt relate to economics).

Question: Who will be able to afford a car from this company (~£150k) in 2015?

I guess the state of the economy in that year must be considered, as well as the wealth of different countries and the kind of people who will be able to afford it.

What is your take on this? Would anyone be willing to share their opinions?

[UKBusinessLive]

Originally Posted by aceofspades

Hi guys,

I’ve been asked this question by one of the most expensive car producers in England as part of a university assignment, and i was wondering if I could get some input (since my course doesnt relate to economics).

Question: Who will be able to afford a car from this company (~?150k) in 2015?

I guess the state of the economy in that year must be considered, as well as the wealth of different countries and the kind of people who will be able to afford it.

What is your take on this? Would anyone be willing to share their opinions?

Hi,

For starters i would not buy a car for ?150K because after the first mile you lose so much money, unless you've got that sort of money to burn, then good luck.

5 Years ago i bought a Range Rover TD6 Vogue Brand new for ?52K now five years later with 140k miles on the clock, i'm lucky if a dealer would give me ?10k, I came into a bit of money and thought i'd buy the car of my dreams, now i wished i'd spent the money paying off my mortgage

I lost about ?10,000 a year in the cars value, thats ?200 odd a week

I must be mad, then I got a VB Licence, so now i've calmed down and learnt my lesson

I think if anyone is going to spend ?150k on a car then they must have a few pounds in the bank to burn, Good luck to them. You didn't say what type of car it is ??

I've got my eyes on a Bently now, But don't tell the Missues

[Brandon Sheley]

is this right?
150,000.00 EUR = 196,724.88 USD
or maybe it's this
150,000.00 GBP = 208,517.47 USD



If your asking if I'll buy a 200k (USD) dollar car, that answer is no
I'll never spend that much on a car, maybe 60 grand, but that would be the absolute max I'll ever spend on a vehicle

[UKBusinessLive]

Originally Posted by Loco.M

is this right?
150,000.00 EUR = 196,724.88 USD
or maybe it's this
150,000.00 GBP = 208,517.47 USD



If your asking if I'll buy a 200k (USD) dollar car, that answer is no
I'll never spend that much on a car, maybe 60 grand, but that would be the absolute max I'll ever spend on a vehicle

Its Pounds Sterling in the UK Loco

150,000.00 GBP = 208,517.47 USD

and yes, thats a lot of money

[aceofspades]

The question boils down to:

In 2015, who will the new consumers of luxury be?
Consider nationality, lifestyle, politics, demographics, views on social acceptability.

[UKBusinessLive]

Originally Posted by aceofspades

The question boils down to:

In 2015, who will the new consumers of luxury be?
Consider nationality, lifestyle, politics, demographics, views on social acceptability.

The Chinese

China's new consumers get a taste for luxury goods, sales boom is attracting foreign manufacturers to a market expected to grow to $3.7 trillion in 10 years

China has overtaken the US in sales of televisions and mobile phones. In the next few years, it will become the biggest market for computers. And a double digit rise in urban incomes has drawn Cartier, Prada and Armani to expand here faster than anywhere else in the world.

Its bound to happen

[Magnumutz]

Originally Posted by Loco.M

is this right?
150,000.00 EUR = 196,724.88 USD
or maybe it's this
150,000.00 GBP = 208,517.47 USD



If your asking if I'll buy a 200k (USD) dollar car, that answer is no
I'll never spend that much on a car, maybe 60 grand, but that would be the absolute max I'll ever spend on a vehicle

With that kind of money, i'd get me a house AND a pretty fast car

[UKBusinessLive]

Originally Posted by Magnumutz

With that kind of money, i'd get me a house AND a pretty fast car

Hi Magnumutz,

Are houses cheap in Romania??? I'd think you could buy 3 or 4 and still have some change left??

[Shelley_c]

Originally Posted by UKBusinessLive

Hi Magnumutz,

Are houses cheap in Romania??? I'd think you could buy 3 or 4 and still have some change left??

For 1 of these beauties. *drools*

[UKBusinessLive]

LOL

Now why am i thinking