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Thread: Markets / Economy

  1. #281
    NostraJackAss Jack@European_Parts's Avatar
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    Surprised, I'm not?

    https://amp.cnn.com/cnn/2020/05/13/i...ses/index.html

    JCPenney gives executives bonuses ahead of deadline for possible bankruptcy filing
    European Parts Emporium/Performance / Immobilizer Solutions EPE
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  3. #282
    NostraJackAss Jack@European_Parts's Avatar
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    European Parts Emporium/Performance / Immobilizer Solutions EPE
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  4. #283
    Benevolent Dictator Uwe's Avatar
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    Quote Originally Posted by Jack@European_Parts View Post
    This article seems to conflate "trading" and "investing". They are two different things.

    -Uwe-
    Lock-down of sick people: Quarantine
    Lock-down of healthy people: Tyranny

  5. #284
    NostraJackAss Jack@European_Parts's Avatar
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    I could not agree more....it's all gambling though!
    European Parts Emporium/Performance / Immobilizer Solutions EPE
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  6. #285
    NostraJackAss Jack@European_Parts's Avatar
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    A problem...?
    https://finance.yahoo.com/news/rpt-c...230100969.html
    RPT-China urges local companies to list in London in renewed global push - sources
    European Parts Emporium/Performance / Immobilizer Solutions EPE
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  7. #286
    NostraJackAss Jack@European_Parts's Avatar
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    https://www.cnbc.com/amp/2020/05/19/...c-decline.html

    New car registrations in Europe fall 76% in April as coronavirus lockdowns hit sales
    European Parts Emporium/Performance / Immobilizer Solutions EPE
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  8. #287
    Benevolent Dictator Uwe's Avatar
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    Quote Originally Posted by Jack@European_Parts View Post
    https://www.cnbc.com/amp/2020/05/19/...c-decline.html
    New car registrations in Europe fall 76% in April as coronavirus lockdowns hit sales
    Of course new-car production was at a halt too, which raises the question: What happened to inventories during this time?

    -Uwe-
    Lock-down of sick people: Quarantine
    Lock-down of healthy people: Tyranny

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  10. #288
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    Quote Originally Posted by Uwe View Post
    Of course new-car production was at a halt too, which raises the question: What happened to inventories during this time?

    -Uwe-
    I have seen news reports for the US where vehicles are standing in large parking lots... not being loaded on carriers for delivery - just sitting. Boats hitting the ports cannot off load - the lots where they normally off load are full. The inventory is made and is standing. That's why the OE's are pressing for another "Cash for Clunkers" and the aftermarket is screaming loudly, "NO!" Clunkers legislation hurt the aftermarket... but helped the OE.. who do you think will win the politician's ear? Independent repair associations? Or the OEs with their deep pockets and lobbyists?

    I imagine the same is going on in Europe.

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  12. #289
    NostraJackAss Jack@European_Parts's Avatar
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    I have seen news reports for the US where vehicles are standing in large parking lots... not being loaded on carriers for delivery - just sitting. Boats hitting the ports cannot off load - the lots where they normally off load are full. The inventory is made and is standing. That's why the OE's are pressing for another "Cash for Clunkers" and the aftermarket is screaming loudly, "NO!" Clunkers legislation hurt the aftermarket... but helped the OE.. who do you think will win the politician's ear? Independent repair associations? Or the OEs with their deep pockets and lobbyists?

    I imagine the same is going on in Europe.
    Hate to tell you, lots are still filled with inventories from all recreational, commercial & standard vehicles for 2017, 2018, 2019, & 2020......auction lots are jam packed, as are used car dealers with cars they can not sell!

    65% or better of used car stores or dealers have filed or are in/approaching BK.

    Cash for clunkers part 2, it will be a nightmare this time!

    The repo market has been very busy for last 3 years now it's going to be interesting for sure.
    European Parts Emporium/Performance / Immobilizer Solutions EPE
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  13. #290
    Verified VCDS User PetrolDave's Avatar
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    Quote Originally Posted by Bruce View Post
    I imagine the same is going on in Europe.
    UK TV has shown similar pictures of parking lots, disused airfields and dockside holding areas full of unsold new cars - not surprising since new car sales have fallen 97%.

    Quote Originally Posted by AutoExpress
    Just 4,321 new cars changed hands last month, compared to 161,064 in April 2019.


    https://www.autoexpress.co.uk/news/1...virus-outbreak

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