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keithfox · 02-19-2005, 06:57 AM

Socratic - re: Boxster S Premium:

The CDN$ issue is a tricky one for both customers and Porsche. The USD has slid significantly. A couple of years ago it was trading at $1.57. Porsche Canada eventually rejigged their numbers when it fell to $1.42. The problem is the currency has been between $1.18 and $1.25 for a long time, so $1.42 looks very expensive - which is why the US cars look so cheap. So for the customer the question is do you think the currency will stay down and how long will it take Porche Canada to reprice? For Porsche Canada the issue is residuals on current leases and the value of cars on the lot. If they suddenly reprice down 10 or 15 % - that's alot to eat. All car manufactuers are facing this to some degree in Canada.

Keith

02-19-2005, 06:57 AM	#21
keithfox Registered User Join Date: Feb 2005 Location: Canada Posts: 3	Boxster S Premium Socratic - re: Boxster S Premium: The CDN$ issue is a tricky one for both customers and Porsche. The USD has slid significantly. A couple of years ago it was trading at $1.57. Porsche Canada eventually rejigged their numbers when it fell to $1.42. The problem is the currency has been between $1.18 and $1.25 for a long time, so $1.42 looks very expensive - which is why the US cars look so cheap. So for the customer the question is do you think the currency will stay down and how long will it take Porche Canada to reprice? For Porsche Canada the issue is residuals on current leases and the value of cars on the lot. If they suddenly reprice down 10 or 15 % - that's alot to eat. All car manufactuers are facing this to some degree in Canada. Keith