Euro is now near $1.30, will it change F-car MSRP?

say hello to higher gas prices, food prices, etc. Hmmmmmmmm.

This chart shows the EURO vs. the US Dollar. It is fugly.
http://finance.yahoo.com/q/bc?s=EURUSD=X&t=2y&l=on&z=m&q=b&c=

 

Use this chart and hit the max time key, and you will see that the historic value comparison $ to E goes down (stronger $) when the US government has the deficit under control and up (weak $) when the government does not.

I don't thisk the war has anything to do with it other than causing more outflow of cash than would have taken place otherwise.

 

the economic posts are interesting but...HAS ANYONE HEARD SPECIFIC INFO regarding Ferrari price increases????????????????????

 

Wolfgang,

I feel your pain. We do the reverse from you. When the Dollar was strong, and went from 1.18 (introduction Euro) to 0.84 (lowest point Euro), we lost 34% of our income. We almost did not survive this drop.

However, compared to the 1.18$/€, the current 1,26$ is only 0,08$ higher. Ferrari has been profitting from the strong Dollar without lowering their prices and now they are on the other side of the line and have to give something up. Not yet unbalanced in my opinion.

You have to go back to 1985, for the peak of the Dollar.

So, even though I feel sorry for you, the European economy is for 90% self contained. Only 10% is foreign trade and from this only a part of that is in Dollars.

I expect the Ferrari prices to go up, but only fractionally. In the mean time I'm enjoying our reverse of fortune.

Rijk

 

I'm in the same boat as the guy above. When the dollar is weak, I get lots of people in Europe buying up my products when they otherwise wouldn't have.

Maybe there will be a rise in other areas (gas, food, commodities), but overall the strong Euro has been pretty damn good for our company. I'm enjoying it immensely!