RE: So no one is buying luxury cars any more. Apparently?10 Jan 2025 09:52
It doesn't end. AML will continually raise cash for a long time because of the amount of debt they have, and the interest payments of £150m per year.
How are AML going to afford the £2bn they say is required for electrification when they lose hundreds of millions per year?
This why you have idiots like Toffers posting cute snippets of other idiots saying everything is fine, they don't want you to know the truth.
Hence why I keep posting the truth, ramper will NEVER get rid of me.
Even shorts closing aint raising the price, big sells the last few days as soon the price rises, 80k at a time.
UK Swap rates rising, gilts higher than the Truss budget, there is no end in sight. The easy Covid money is over, higher interest rates are here to stay, and AML have slightly updated cars which cost them hundreds of millions and can't sell them because they are priced too high.
Same old, loading dealers, then they have to unwind all those spare cars on forecourts. Demand is not there.
So much for F1 increasing sales, a marketeer's wet dream becomes a nightmare.