Inflation | Page 6 | GTAMotorcycle.com

Inflation

I would use the cars in the owners parking spots as a barometer for how they were doing .
Then o found out a 9yr old 7 series BMW which was 115k new was 32K in 9 yrs
An Aston Martin at 188k new was about 50k in 6 yrs .
Old Jaguars are free .
A fancy car now means someone else took the beating on the way down.


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crankcall said:
I would use the cars in the owners parking spots as a barometer for how they were doing .
Then o found out a 9yr old 7 series BMW which was 115k new was 32K in 9 yrs
An Aston Martin at 188k new was about 50k in 6 yrs .
Old Jaguars are free .
A fancy car now means someone else took the beating on the way down.


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Many years ago, a GTAM member was trying to sell their S600 (IIRC) that was a few years old. It ran well but was due for a spark plug change which cost about half the price they were asking for the car as it was a V12 and accessing some of the plugs required many many hours of labor.
 
crankcall said:
My favorite inflation story of the day.
Canada puts out a RFQ and a bid to build a couple really soffisticated warships. The east coast Stinky rich Irving family shipyardc bids on the contract at around 34Billion. It got delayed for several years and didnty get built . Now its 84billion. A condition of the contract was to bid you actually had to be able to build the ships.
Now the Irvings would like 300m in govt financing to modernize the yard so they can build the ships.

see a pattern here? @mimico_polak , consider marine engineering , just ask for millions and billions more. While everyone is trying to figure out how catering on the governor generals plane came in at $93 thousand for one flight, this is goin on.....
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I had dinner with one of the Irving engineers a few weeks ago and the story gets interesting when it comes to government meddling and changes.
 
Inflation or still supply chain hangover? My parents CX5 is five years old with 50K on it (covid stopped their snowbird trips). They are old, live far from town, only have one car and aren't interested in vehicle problems. After leasing, they bought it out two years ago for 25K. It then got hit by an old lady that shouldn't drive anymore (yolo turn through a stop sign without looking) and had a 10K repair. They just traded it on a new CX5 and got 25K as tradein credit. New CX5 is 40K. 3K a year in depreciation is pretty good. Dealership only had three new cars on the lot. One cx5 and two cx9's. Tough time to be in sales when you don't have much to sell. Obviously they were excited to get a low mileage tradein in excellent shape.
 
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It is pretty much a perfect storm...
  • Labour shortages in the western world due to the great resignation (which I guess everyone should have seen due to the "inverted" population pyramid and the number of people approaching retirement age)--but this was accelerated by COVID.
  • COVID (and now the above) impact on supply chains creating material shortages like chips etc.
  • COVID shutdowns but more importantly today China's zero COVID approach, more supply chain.
  • The impact of the war in Ukraine on oil and food prices, plus global security.
  • The ongoing western animosity with China and the impact on supply chain (not saying give in just that it is a factor)
  • The impact of climate change on food production and weather events.
  • The ENTIRE western world printing money for decades (not just Canada or the US BTW).
  • etc.
Add to this the delay in raising rates for most (all?) western economies. Other than this point and maybe China it is a total western world even global problem...
 
backmarkerducati said:
It is pretty much a perfect storm...
  • Labour shortages in the western world due to the great resignation (which I guess everyone should have seen due to the "inverted" population pyramid and the number of people approaching retirement age)--but this was accelerated by COVID.
  • COVID (and now the above) impact on supply chains creating material shortages like chips etc.
  • COVID shutdowns but more importantly today China's zero COVID approach, more supply chain.
  • The impact of the war in Ukraine on oil and food prices, plus global security.
  • The ongoing western animosity with China and the impact on supply chain (not saying give in just that it is a factor)
  • The impact of climate change on food production and weather events.
  • The ENTIRE western world printing money for decades (not just Canada or the US BTW).
  • etc.
Add to this the delay in raising rates for most (all?) western economies. Other than this point and maybe China it is a total western world even global problem...
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Exactly.

I know some disgruntled people want to place the entire blame on the sitting government for high prices at the pumps and grocery store, but the reality is a lot more complicated than "F@CK TURDEAU!"
 
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GreyGhost said:
Inflation or still supply chain hangover? My parents CX5 is five years old with 50K on it (covid stopped their snowbird trips). They are old, live far from town, only have one car and aren't interested in vehicle problems. After leasing, they bought it out two years ago for 25K. It then got hit by an old lady that shouldn't drive anymore (yolo turn through a stop sign without looking) and had a 10K repair. They just traded it on a new CX5 and got 25K as tradein credit. New CX5 is 40K. 3K a year in depreciation is pretty good. Dealership only had three new cars on the lot. One cx5 and two cx9's. Tough time to be in sales when you don't have much to sell. Obviously they were excited to get a low mileage tradein in excellent shape.
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Mazda dealers can be sleazy. I leased a 2019 CX5 Signature for my mom, it has 15k on it and 1 year left on the lease. I put 16k down (traded in a nice Altima), and set the lease payments to $500/mo for 4yrs. The buyback is about $15k right now.

Old mom came to me all excited because the offered to take the CX5 back right now with no penalty if she signed a lease on a NEW CX30.

The buyback on the CX5 is about $15k at the moment, dealers are selling 2020 models with 50km for $42k. They would have scooped an easy $25k off her had I not stepped in.
 
Mad Mike said:
Mazda dealers can be sleazy. I leased a 2019 CX5 Signature for my mom, it has 15k on it and 1 year left on the lease. I put 16k down (traded in a nice Altima), and set the lease payments to $500/mo for 4yrs. The buyback is about $15k right now.

Old mom came to me all excited because the offered to take the CX5 back right now with no penalty if she signed a lease on a NEW CX30.

The buyback on the CX5 is about $15k at the moment, dealers are selling 2020 models with 50km for $42k. They would have scooped an easy $25k off her had I not stepped in.
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Dealer my parents use seems good. They got a new one for 40. Not sure which trim. It has hud and ventilated seats so probably not the bottom.
 
GreyGhost said:
Dealer my parents use seems good. They got a new one for 40. Not sure which trim. It has hud and ventilated seats so probably not the bottom.
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I think I paid $43 for a loaded Signature, they were well priced. It's worth more today than new in 2019!
 
Seems prices are still going up. Was getting some groceries this morning and noticed several items have increased in price from xmas to the new year. I feel more increases on the way with the new taxes on fuel "climate" which will be happening soon.
 
sburns said:
Seems prices are still going up. Was getting some groceries this morning and noticed several items have increased in price from xmas to the new year. I feel more increases on the way with the new taxes on fuel "climate" which will be happening soon.
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Going to be a struggle going forward, It's been my experience once prices go up they very rarely ever come down. Gas being the exception.
 
The only place I’m seeing value right now is travel , cruise ships are really reasonable ( yeah I know) and flights are not bad . Looked at a couple better Mexican places for February, it’s better priced than three yrs ago .


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crankcall said:
The only place I’m seeing value right now is travel , cruise ships are really reasonable ( yeah I know) and flights are not bad . Looked at a couple better Mexican places for February, it’s better priced than three yrs ago .


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Where you travelling to? The flights to Poland in particular are 2x what they were before COVID/inflation came about.

Typical flight this time of year...$800-900. Now...$1600.

Summer time...$2500-3000 compared to $1200-1600 before.

We were invited to a wedding in Poland in August...that's 8k in tickets for our family before any further expenses. Hard pass.
 
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mimico_polak said:
Where you travelling to? The flights to Poland in particular are 2x what they were before COVID/inflation came about.

Typical flight this time of year...$800-900. Now...$1600.

Summer time...$2500-3000 compared to $1200-1600 before.

We were invited to a wedding in Poland in August...that's 8k in tickets for our family before any further expenses. Hard pass.
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Just bought 2 return tickets from Toronto to SW Florida (Fort Myers) for $233 CAD each -- not bad.

Wife is heading off on a trip with the girlies to Honolulu next Monday, tickets were bought Dec 24th, for $694 --- not bad.
 
We just paid $1,100 ea into Hawaii ( Kona , which gets less traffic) , $700 is a good deal. I'm seeing $855.00 to Rome in Feb.

7 day caribbean cruise , stopping at 5 Islands with palm trees and a beach , flt in/out Lauderdale , mid level boat and cabin, $1870 per person taxes in.
 
mimico_polak said:
Where you travelling to? The flights to Poland in particular are 2x what they were before COVID/inflation came about.

Typical flight this time of year...$800-900. Now...$1600.

Summer time...$2500-3000 compared to $1200-1600 before.

We were invited to a wedding in Poland in August...that's 8k in tickets for our family before any further expenses. Hard pass.
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Might have something to do with that war in Ukraine. 🤷‍♂️
But that seems a bit crazy.
 
sburns said:
Might have something to do with that war in Ukraine. 🤷‍♂️
But that seems a bit crazy.
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Maybe. But Poland was always used as a hub between Ukraine, Russia and Middle East countries as a layover.

There are less flights now whereas you had 2 flights/day to Warsaw and now it’s a single flight.

Lot of issues, but can’t deny the fact that price is 2x what it was before.
 
seems flight costs depend on traffic, desirability and "whos paying" . I can fly to Miami from TO for half the cost of getting to Ft Mac. same flight times . There is never a cheap flight into Pheonix. We need to get to Newfoundland in July, its cheaper to buy a ticket to London and ask about a parachute option.
I need to get into Atlanta next month, it appears cheaper to buy a ticket to Clearwater Fla. that has a 3hr layover , in Atlanta , and just leave the airport in Atlanta.
I hate travel on my dime.....
 
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