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The decline in European cars is almost a Posted by poop deck pappy [Email] (#2012) [Profile/Gallery] (more from poop deck pappy) on Tue, 3 Jan 2012 17:02:25 In Reply to: Agree. ...and this thread could get lengthy., Noel, Tue, 3 Jan 2012 16:41:26 Members do not see ads below this line. - Help Keep This Site Online - Signup |
straight line in Euro currency appreciation. Over the last 15 years the dollar has gone down. Over the ten years of the euro its value has risen from .8 at inception to over a 1.45 at one point last year. This is killing our buying power but we are still the worlds biggest buyers. To be affordable the europeans have had to continue to lower quality to stay price competitive. The sad day will be when they can lower no more and the Euro get closer to parity. That MB will cost 150K.
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