Cabinet considers lifting import restrictions on new cars. -cars | FerrariChat

Cabinet considers lifting import restrictions on new cars. -cars

Discussion in 'Australia' started by wrxmike, Apr 15, 2015.

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  1. wrxmike

    wrxmike Moderator
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    #1 wrxmike, Apr 15, 2015
  2. Aircon

    Aircon Ten Time F1 World Champ
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    #2 Aircon, Apr 15, 2015
    I think it's well summed up here.....

    https://www.infrastructure.gov.au/vehicles/mv_standards_act/files/Sub181_ToyotaAustralia.pdf

    I'm not convinced it's a good idea.....OTOH, I know some luxury brands are screwing us over.
     
  3. moretti

    moretti Five Time F1 World Champ
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    #3 moretti, Apr 15, 2015
  4. wrxmike

    wrxmike Moderator
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    #4 wrxmike, Apr 15, 2015
  5. Aircon

    Aircon Ten Time F1 World Champ
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    #5 Aircon, Apr 15, 2015
  6. Ferraridoc

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    #6 Ferraridoc, Apr 15, 2015
    Xxxxholes!
     
  7. IanB

    IanB F1 World Champ
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    #7 IanB, Apr 15, 2015
    Imagine the lead story on the ABC and in Fairfax papers:

    Christine Milne opposes Hockey's "Ferrari discount" bill. The Greens primary vote doubles as inner city socialists rally against global warming rich people in Italian supercars.

    Sarah Hanson Young said, "how can we contemplate this generosity to rich fascists, while we detain innocent asylum seekers, who found $50,000 behind the couch to pay people smugglers, then accidentally burnt their passports before boarding a fishing boat to Australia" etc, etc, etc.
     
  8. moretti

    moretti Five Time F1 World Champ
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    #8 moretti, Apr 15, 2015
    I couldn't work it out :p
     
  9. wrxmike

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    #9 wrxmike, Apr 16, 2015
    Media release and request for additional comments:

    "On 16 April 2015, the Assistant Minister for Infrastructure and Regional Development, Hon Jamie Briggs MP, announced the Government's proposal to reform the Motor Vehicle Standards Act 1989 (the Act). He provided further detail on the options being considered, including to reduce restrictions on the personal importation of new vehicles. The media release is available via Motor Vehicle Standards Review?Safer roads and better cars
    and further information on the Review can be found on the Department of Infrastructure and Regional Development’s website at Review of the Motor Vehicle Standards Act 1989.

    Minister Briggs is inviting additional comments on the proposed reforms from any interested parties. All comments will assist in informing the development of the Regulatory Impact Statement (RIS) and the Government's final decision. The RIS will be publicly released in coming months and will include a comprehensive assessment of the proposed reforms for the Act.

    Any additional comments should be emailed to [email protected]. The closing date for additional comments to be received at the Department is close of business Friday 29 May 2015. Please provide your comments as early as possible to ensure their inclusion in the Regulatory Impact Statement."

    M
     
  10. FazzerPorscheman

    FazzerPorscheman F1 World Champ

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    #10 FazzerPorscheman, Apr 16, 2015
    How do you come up with this stuff? Very clever. Quite funny. :)
     
  11. 360C

    360C F1 World Champ
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    #11 360C, Apr 16, 2015
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    On the one hand I am sure people would like to see Ferrari penalised for the price gouging that anybody could see has been happening for years by allowing private imports in the future; but the person who will really be penalised is the unfortunate buyer of new Ferraris before the change. They will get reamed TWICE, once when they bought a new Ferrari and paid massively inflated prices, and secondly by the enormous depreciation hit that will result form huge reductions in the prices of new Ferraris. This depreciation hit will flow on down to the rest of the 2nd hand Ferrari models until you reach those at the bottom of the depreciation curve. In effect most Ferrari owners will feel the crunch to one degree or another.

    I noticed this sticker on my Speciale on delivery day 10 months ago- "Imported by Ferrari Australasia". Thought it a bit odd when the only way that you could import a Ferrari was through them :rolleyes: Perhaps they had an idea that the was coming and if so I wonder whether there will be any discrimination against privately imported new Ferraris.....
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  12. Aircon

    Aircon Ten Time F1 World Champ
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    #12 Aircon, Apr 16, 2015
    I don't agree with that at all...unless you're only referring to recent second hand Ferraris.
     
  13. BRDC

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    #13 BRDC, Apr 16, 2015
    Porsche and Mercedes-Benz very unhappy about this.

    Car traders association rep is already trotting out the "will only benefit the rich" nonsense.

    These aholes have had this coming. They've gouged us mercilessly for long enough.
     
  14. 360C

    360C F1 World Champ
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    #14 360C, Apr 16, 2015
    Don't worry your OHOS classic 308 GTB is way past the bottom of the curve :p

    Lets put it in dollar terms and it might be more obvious.

    New $600k Ferrari becomes a new $400k Ferrari overnight.

    A used Ferrari that WAS selling at $400k yesterday is no longer an attractive buy. That is now a $300k car or it's sale proof.

    A used Ferrari that WAS selling at $300k yesterday is no longer an attractive buy. That is now a $200k car or it is sale proof.

    Repeat until you get to the bottom of the Ferrari market at $50k where the factors that determine sale price are condition and deferred maintenance rather than price alone.
     
  15. Aircon

    Aircon Ten Time F1 World Champ
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    #15 Aircon, Apr 16, 2015
    yep....as I said ^^



    I wasn't worried
     
  16. 360C

    360C F1 World Champ
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    #16 360C, Apr 16, 2015
    Obviously your definition of "recent" as it pertains to used cars is quite different from mine. Recent to me is anything in say the last 5 years. It takes Ferraris something like 15 years to reach the bottom of the depreciation curve, so I struggle with applying the term "recent" for a period of that length in relation to used cars.
     
  17. Aircon

    Aircon Ten Time F1 World Champ
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    #17 Aircon, Apr 16, 2015
    No....definition is the same.

    your original post said 'all Ferraris until........"...so I disagreed unless you meant 'recent'...which you did, so I agree.
     
  18. wrxmike

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    #18 wrxmike, Apr 16, 2015
    So if you hang to your car for a while ( 15 years ) it won't be that painful.

    And if you sell say after 3 years, at least the replacement car will be cheaper, so the changeover wont be much different. For example:

    Under the current scheme
    say 600k to 400k after 3 years = , then 600K to buy the replacement - changeover $200K

    If prices fall under the proposed scheme
    Say 600K to 200K after 3 years, then only 400K to buy a replacement = changeover is still $200K

    M
     
  19. 360C

    360C F1 World Champ
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    #19 360C, Apr 16, 2015
    True. Unfortunately Ferrari have gone to turbo's which do not interest me, so the Speciale being the last of the naturally aspirated V8's is likely to be a keeper.
     
  20. wrxmike

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    #20 wrxmike, Apr 16, 2015
    Good choice.
    But based on the past 15 years track record, I'm not confident you'll stick to your plan!

    M
     
  21. Aircon

    Aircon Ten Time F1 World Champ
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    #21 Aircon, Apr 16, 2015
    ye of little faith
     
  22. 360C

    360C F1 World Champ
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    #22 360C, Apr 16, 2015
    Hard to argue; but given I don't like hybrids and I don't like turbo's, I doubt that there will be a lot to tempt me :)
     
  23. Aircon

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    #23 Aircon, Apr 16, 2015
    We'll see.

    I foresee a Ferrari turbo in your life.
     
  24. wrxmike

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    #24 wrxmike, Apr 16, 2015
    I drove a Cali T a few weeks ago, and there was no discernible turbo lag. Couldn't tell it was a turbo car, except it had gobs of torque. I expect the 488 will be the same - or better.

    I also predict that there will be a lot of tempting aftermarket performance mods for the 488 -exhausts, bigger turbo's, intercoolers, reprogrammed ECU's etc. All easy to do if the base engine is already set up for turbo's.

    M
     
  25. PAP 348

    PAP 348 Nine Time F1 World Champ
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    #25 PAP 348, Apr 16, 2015
    +1
     
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