12-09-2014, 10:27 AM | #1 |
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What is in stock?
Just randomly browsing, and saw that Bavaria BMW in Edmonton has a whole crap load of stock
Seven M3s: http://www.bavariabmw.ca/inventory/s...&model_name=M3 Eleven M4s: http://www.bavariabmw.ca/inventory/s...&model_name=M4 (including 3 cabs) Calgary BMW by contrast has 3 M3s http://calgarybmw.ca/inventory/?make=BMW&model=M3 And 18 (!!!) M4s http://calgarybmw.ca/inventory/?model=M4 Edit: forgot to note that the Calgary numbers actually include stock at both Calgary BMW and BMW Gallery (same owners and they combine online stock lists) - so per dealership it is about half the given total... What is the situation like elsewhere?
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12-09-2014, 04:31 PM | #3 | |
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Just checked by chance and - wow! That is a lot of inventory.
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12-09-2014, 05:06 PM | #4 |
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12-09-2014, 05:09 PM | #5 | |
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One of the M4s is actually a Tanzanite.....which surprises me a bit as a dealer order (gorgeous though it is).
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12-10-2014, 11:06 AM | #7 |
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Well, no, not yet. If oil stays this low for a long time it will, but this is still short term (despite the hype). It was only 5 months ago oil was $110. Right now, people are pulling back on capital spending plans (which affects areas around Calgary more than Calgary) and we are all waiting to see what happens.
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12-10-2014, 11:25 AM | #8 |
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I don't know about you but my investments have taken more than a 10% hit in the past few months and my business has nothing at all to do with oil and gas. If I was financing or leasing a M3 and my investments took a 10% hit and my job was highly tied in to the price of oil I would at least be taking a step back and rightfully thinking if this is the right purchase to make at this time. Many people will easily pay cash for their M3 but many will also be stretching themselves by taking out a loan or leasing......
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12-10-2014, 12:00 PM | #9 | |
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Except my investments. Really only have one investment with a lot of energy exposure, the rest are pretty spread out (from blue chip tech to good old recession ready Wal Mart) My view is that it is a pretty mixed market right now. Low oil hurts capital spending in Alberta, which means less money for service companies (and, really, that hurts the guys who are out there drilling, doing inspections, etc). Oil sands are still going ahead, maybe with some deferred plans. But, Alberta and Sask have ridiculously low unemployment right now and will still probably lead the country in growth next year, just with a smaller delta between us and everyone else next year. But, in many other parts of the economy, it helps. Fuel is cheaper, Canadian dollar is lower (bad for hockey teams, good for exporters and manufacturers). In my own little world (commercial litigation), sometimes when things get bad people get 'fightier' about every little penny so often these can be good times for us. My insolvency partners are positively glowing right now.
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12-10-2014, 12:28 PM | #10 |
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Investments for me also has taken a hit even though it is spread out.
I cannot see oil prices below low for a long time. This is just a transition we are in. Oil firms has already started cutting back and big projects are being delayed. Right now it is still ok for the oil guys. Every sector of economy is/will be affected because oil IS Alberta. |
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01-08-2015, 01:35 PM | #11 |
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I bought some more shares in Canadian Oil Sands today at $8 and it has been as high as $24 in the past 12 months. If oil prices stay this low, I wonder how long it will take to impact the sale of luxury cars like the M3 in Alberta. I read today in the Globe and Mail that the inventory levels of houses for sale have been increasing dramatically in Calgary since December.
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01-09-2015, 05:32 PM | #12 |
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A buddy in Vancouver was talking to a sales guy who showed him their inventory list of 30 unsold units just at the their dealership and that my friend could get a great deal like 10k off the one sitting in the lot he was eyeing.
Oh well, cest la vie. Who knows if the sales guy was talking smack too. |
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01-09-2015, 11:42 PM | #13 | |
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01-11-2015, 12:44 PM | #15 |
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01-11-2015, 03:18 PM | #16 | |
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Media always finds a way to twist things.. |
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01-14-2015, 12:39 PM | #17 | |
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It seems naive to think if WTI goes from $100 to $46 there will be no impact. |
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02-05-2015, 08:36 PM | #18 | |
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This ain't our first rodeo with an oil price slump/correction/whatever. First thing to remember is most of the calgary jobs are corporate/head office. Most of the cuts right now are field as capex programs are cut. Yes, will be layoffs in town, but not as many directly as in field or oilfield construction (ie Fort mac) And, yes, there were absolutely going to be some corporate insolvencies, but if you have a strong balance sheet, this is generally viewed as a helluva time to buy. So some people will do very well in this as in any downturn. (Frankly, my own field does better now than when things are steady - movement up or down tends to be good for it. Steady is....boring) But, yes, there will be a short term impact on housing and some car buying (up to 24 M4s now in stock and 5 M3s - note, though, those numbers actually cover TWO dealerships in town, which I didn't note in my original post - my bad - wouldn't think those are too out of line with other similarly sized dealerships....) but lots will continue to sell. This place starts from a high net worth to begin with so even with flat growth or a modest downturn it is still higher than pretty much anywhere else in the country)
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02-06-2015, 09:50 PM | #21 |
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Passed by Laval this week and they have a couple of M4s and an absolutely fully loaded M3 (MSRP over $100k ) in the showroom.
M4s on the floor are also pretty loaded but don't know what else they have hiding in inventory. |
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02-07-2015, 03:26 PM | #22 |
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Fyi guys, Calgary BMW doesn't have even close to that inventory. They just put allocations as inventory on their website. Different strategy, that's all.
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