Thread: Defenders on "Car Sales."

Originally Posted by Eevo

is it really a recession if prices dont go down?

Nope.

If growth doesn't keep up with inflation then we go backwards. If we go backwards for two successive quarters it's a recession.

I actually know a bit about economics. Master of science in economics

First thing first. What is purpose of measuring GDP or GDP per capita. It is to track the economy output but also to track living standards.

It means you can have 10 coffees from a barista per week now. But if you only have 2 coffes from a barista and 15 instant coffee, it's a drop in living standard. The barista is not producing that at coffees for you. It's a production drop and also a drop in living standard. This is usually means recession. That barista may lose the job the year after.

In order to compare living standards across countries, we invented GDP per capita at ppp. Purchasing power parity.
So yes the GDP per capita is the only relevant measure of living standards. not the overall GDP. Only by assuming no or very little population growth, then overall GDP can serve as a surrogate for per capita GDP. This applys to most developed countries. But not Australia with 1.6% population growth annually.

Simply, Australia should not use overall GDP to measure living standards but only percapita GDP. Most media ( very disappointing)and government ******* like to play that little tricks on the public.
Once you understand this, you will then understand what I mean in my last post. it was my first time to know the term "per capita recession" vs " full-on recession". what a load of BS
full-on genuine recession? what does that even mean?

with a population growth of 1.6% annually, you better assume the average immigrants ( including refuges) have a higher skill than the locals. Otherwise importing refugees will only decrease our living standard most definitely in the short term. maybe maybe not in the long term. that is the macroecnomics theory that I know.

In fact the per capita GDP is not an ideal tracker for living standards.but real net national disposable income. And it shows our living standards decrease since 2015.

anyway whether its a recession or not, we shall know for sure in the next 5 years.
for a product like defender, the price will only go down.... because its cheaply made.....
I just cant see how one day defender can became a classic car......

p.s. I love my defender...still


Cheers

Check my post above

Originally Posted by carpdvl

Learn something new every day! I'll add that to the old brain bank

Defender is already a classic car. Refugees are not ‘imported’ they are escaping extreme oppression; and they’re qualifications are often not recognised here. If our standard of living drops slightly it’s not a recession, but perhaps a correction, given our expectations are perhaps unrealistically high. If Australia is actually in a recession in 5 years it will be largely due to global factors as we rely so heavily on foreign trade, and in part due to us having killed off so much homegrown industry (including car manufacturing) in pursuit of a higher standard of living (ie cheaper imports).

Immigration was about 160,000 last year from memory. Refugees were only 12,900 target. So talking about refugees is a distraction, it's overall immigration that is important.
Our immigration programme is targeted to people with skills to offer.
Anyway this is way off the topic of this thread.

Originally Posted by DiscoMick

Anyway this is way off the topic of this thread.

Really?

Never happens on here

The trouble with the immigration,is there isn't the infrastructure to support it.

Without going on and on,one only has to look at the situation with the roads in SEQ.

We are on them all day with work,and probably sit in traffic twice as long as we did 5 to 6 yrs ago,and not much is being done about it.
Anything that is being done is many years behind what really needs doing,and is only a band aid,just look at the Northern part,heading north of the Gateway.

Anyway,back to Defenders,so the price is still pretty stable,and in my opinion will stay that way,or probably drop for most models,except maybe a few of the very last 'specials'.

IMHO the price of good low k Pumas are holding up extremely well, in fact better than most other vehicles, and Defender is already a "classic", ..always was,...always will be.
Pickles.