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playerskrew wrote:
No, take for instance marijuana, unregulated every piper can sell it, more regulated and it becomes more corporate with establish farms, coffee shops and derivatives. The regulated RORO guys already have market presence and capital to afford the more expensive 1-4 year cars and can do so with more volume. As the market shrinks because of the recession and the price range tighten, economies of scale would suggest that the established boys will survive not the fly by nighters.eliteauto wrote:wrong again Habit7, shrinking the market does just the opposite, it encourages the unregistered dealers who have lower overhead, little or no staff save part time drivers and operate from home on a PC, who is the buyer going to seek out to get the best value from his now diminished buying power? Take a look on FB now and you'll see many of the said unregistered dealers posting to their customers to have no fear their operations are unaffected, in fact unregistered dealers are more dynamic and fluid to changes owing to their size and not holding stock as they buy on order. And as you said most buy cash, so how are they affected?
This is either a knee jerk reaction done with almost ZERO facts or worse a case of the return to the status-quo where the financiers call the tune and the Gov't dances accordingly
Country_Bookie wrote:This move has the potential to worsen our forex situation.
RORO prices will increase, since they forced to import 4 yrs and newer vehicles. For the lower middle class, they don’t have much of an alternative so they’ll continue to buy, provided we don’t start seeing large job cuts /layoffs. The upper middle class will move to buying new cars since the price gap is lower. In both cases, they’ll be paying higher prices, either for the newer RORO or the new car.
Higher prices = higher import bills = Greater demand for forex.
khandman wrote:Habit7 wrote:coolfiger wrote:So he want the poor man to get a beat out car when he could get something better for around the same cost. The lower milage vehicle would def be in better condition , be better for our environment , safer to drive, more reliable , use less fuel , last much longer ...... Tsk tsk. Some people like to dig out eye
How the same car with spark plugs, air filter, tyres and oil change of the same duration use less fuel?
I am selling my car at the market value, however have to compete with cars from one of the most advanced countries in the world with modern public transport, pristine roads, temperate climate and a tax burden that makes used cars cheap. It is the typical story of foreign goods undercutting the local market.
Dude, seriously, f#@* you and your old shake down Mazda.
eliteauto wrote:Habit7 wrote:eliteauto wrote:Yes but the reasons forwarded by the Minister run contrary to the realities....
Can the Minister's claims really stand scrutiny?Some of the challenges include, but are not limited to, the following:
1. The increase in traffic congestion on the nation’s roadways;
1. Foreign exchange leakages as the Foreign Used Car Industry is comprised of net importers;
1. Safety and environmental protection considerations for the citizens and the environment. In this regard, the Ministry of Trade and Industry has been formally advised by the Transport Commissioner in the Ministry of Works and Transport that an estimated fourteen percent (14%) of the total number of foreign used vehicles, particularly those that are over four years old, have been found to be defective by the Licencing Division of the Ministry of Works and Transport;
1. Irregularities associated with the operation of the Foreign Used Car Industry in Trinidad and Tobago. An audit currently being undertaken by the TLU has revealed the following:
1. Some Dealers are not complying with the terms and conditions for registration of their Dealerships;
2. There exists a proliferation of persons who are operating as “Unregistered Dealers” who are evading taxes resulting in lost revenue for the Government; and
3. Some of these “Unregistered Dealers” are operating unscrupulously at the expense of innocent consumers.
http://www.news.gov.tt/content/trade-mi ... pz6mPkrJD8
I say yes.
Hold on... so Licensing detects an estimated 14% defective vehicles....14% and the industry is broadbrushed? When is this 14% detected? At registration? And if so are said vehicles seized and monies refunded? If the answer is no then what penalties are being put on the Licensing Dept? That's as obfuscated a reason as can be found.
Secondly she alludes to people operating outside of the registration parameters. These are the persons who facilitate the paperwork/brokerage of vehicles on personal license imports on behalf of citizens ( the same citizens who via their licenses have to keep the cars for 3 now 4 years), now she says they are evading tax, if these guys are self-employed what evidence does she have as to the net profits from these transactions that put that individual in any tax bracket? How does she juxtapose that validation versus say a doubles vendor? How does the new limitations on vehicular imports stymie that practice, it simply precludes some cars but not necessarily some buyers nor does it deter the practice which btw is done to save a few thousands on vehicle purchases by individuals, there are already deterrents by way of financing as some lending institutions won't finance a vehicle that's not from an approved dealer as the risk is too high.
Really Habit7? Nah man better than that
Habit7 wrote:Country_Bookie wrote:This move has the potential to worsen our forex situation.
RORO prices will increase, since they forced to import 4 yrs and newer vehicles. For the lower middle class, they don’t have much of an alternative so they’ll continue to buy, provided we don’t start seeing large job cuts /layoffs. The upper middle class will move to buying new cars since the price gap is lower. In both cases, they’ll be paying higher prices, either for the newer RORO or the new car.
Higher prices = higher import bills = Greater demand for forex.
How this worsening our forex situation? How policy in TT affecting the USD price in Japan?
rspann wrote:Habit7 wrote:Country_Bookie wrote:This move has the potential to worsen our forex situation.
RORO prices will increase, since they forced to import 4 yrs and newer vehicles. For the lower middle class, they don’t have much of an alternative so they’ll continue to buy, provided we don’t start seeing large job cuts /layoffs. The upper middle class will move to buying new cars since the price gap is lower. In both cases, they’ll be paying higher prices, either for the newer RORO or the new car.
Higher prices = higher import bills = Greater demand for forex.
How this worsening our forex situation? How policy in TT affecting the USD price in Japan?
If they have to import newer cars ,won't they have to pay more? Wouldn't that require more forex? I just asking I 'm no economist.
*$kїđž![TRADE MARK SIGN] wrote:Increased prices would affect all citizens.....4yr old cars are really expensive from Japan.....this foreign used market would barely survive
...
Habit7 wrote:I dont know how ppl could say this policy helps the new car dealers.
If someone was in the market for a 4-6 year old car before, they werent going by the new car dealers anyway.
Rather than looking to the foriegn used market and using up more foreign exchange, now the will have to choose from the local used market and use local currency.
streetbeastINC. wrote:Yup tuners only buy at firm.....we dealing with super upperrclass tuners,....
A172 wrote:streetbeastINC. wrote:Yup tuners only buy at firm.....we dealing with super upperrclass tuners,....
car from local firm issa pips?
brb owing bank for years over some shiddy deadhorse
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j.o.e wrote:I don't think anyone against Roro .... I personally am just against people whining that they have to buy a 4 year old Tiida instead of a 6 year old. Boohoo ! What a travesty!
Betcha if our number plate system didn't encourage the new plates syndrome plenty people would gladly buy a local used car.
Brb waiting for series to change to license my 6 year old ride.
j.o.e wrote:I don't think anyone against Roro .... I personally am just against people whining that they have to buy a 4 year old Tiida instead of a 6 year old. Boohoo ! What a travesty!
Betcha if our number plate system didn't encourage the new plates syndrome plenty people would gladly buy a local used car.
Brb waiting for series to change to license my 6 year old ride.
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