2023 Civic Type R Waitlist / Deposit / Reservations List - Check in here!

[WattUpD]

that's a hard pass for me. you're looking at 55k with markups.

good luck boys my hunt is over

OTD price roughly $60k

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[ILX6SPEED]

That's not how FX works, you don't adjust MSRP or prices to account for FX. Any gains or loss for FX is always an UNREALIZED gain or loss on.

This is how corporate accounting and pricing works. FX is far to unpredictable to adjust sales prices against. Fluctuations are always netted out during pricing strategy modeling.

Agreed, theres way more factors at play here than straight FX rates. If we did straight USD > CAD pricing we wouldnt see the Type R under $60k here which would be very bad and be a tough sell.

 

[mbaapk]

That's not how FX works, you don't adjust MSRP or prices to account for FX. Any gains or loss for FX is always an UNREALIZED gain or loss on.

This is how corporate accounting and pricing works. FX is far to unpredictable to adjust sales prices against. Fluctuations are always netted out during pricing strategy modeling.

Wrong - fx translation takes place to restate the financials in local currency all the way up to the 10k / Q.

Problem is the dip in the yen is recent and contracts for parts likely preceded and were not hedged against such a monumental drop.

Made in Japan, shipping across the ocean, and fx could easily justify the difference.

sucks for us though

 

[ctrc2022]

I’m not fazed by the price, this roughly what I expected. If anything helps my odds further as I now I am sure some folks will back out on that alone. Ooh can’t wait!

same here, kind of surprising at least in Canada, that 50k would get people to back out when the outgoing model 2yrs ago was over 46k.. but hey I finally have a realistic chance of getting one

 

[RoidRage]

Wrong - fx translation takes place to restate the financials in local currency all the way up to the 10k / Q.

Problem is the dip in the yen is recent and contracts for parts likely preceded and were not hedged against such a monumental drop.

Made in Japan, shipping across the ocean, and fx could easily justify the difference.

sucks for us though

I'm talking about the impact of FX to pricing.

 

[mbaapk]

I'm talking about the impact of FX to pricing.

It can be adjusted if they hedged their input costs appropriately.

 

[ILX6SPEED]

same here, kind of surprising at least in Canada, that 50k would get people to back out when the outgoing model 2yrs ago was over 46k.. but hey I finally have a realistic chance of getting one

Yup this is only a 4k increase over the 2021 which is great for us given the wild inflation and beatdown of our dollar!

 

[Boostlag]

Wrong - fx translation takes place to restate the financials in local currency all the way up to the 10k / Q.

Problem is the dip in the yen is recent and contracts for parts likely preceded and were not hedged against such a monumental drop.

Made in Japan, shipping across the ocean, and fx could easily justify the difference.

sucks for us though

Yen and their ghost banks have been down the gutter for decades.

 

[CTR]

The MSRP isn't bad - it's the markup on top that makes it ridiculous. It's $2K more than expected and with the average $10K ADM most are seeing that's $54K USD!

 

[Boostlag]

Yup this is only a 4k increase over the 2021 which is great for us given the wild inflation and beatdown of our dollar!

sure looks like a melt up not a beat down

 

[fredzy]

Huge relief, makes the decision to go with GRC so much easier. The max markup I'd consider on CTR given this MSRP is $1k, which simply ain't happening

 

[ILX6SPEED]

sure looks like a melt up not a beat down

Im talking CAD shouldve clarified.

 

[RoidRage]

It can be adjusted if they hedged their input costs appropriately.

So you're telling me a global business like Honda, will price hedge for FX FOR 1 SINGLE SKU for ONE geo to account for the net impact on the financials to attempt to balance against future projections FX monthly?..

Dude... no one in finance would do that it's a immaterial forecasting assumption. The BPS wouldn't even matter, hence finance wouldn't care to do any of that lol.

To hedge against FX for 1 item you would have to calculate the expected FX over the course of the production life cycle and then do a NPV of the price, no one is doing that for 1 sku lol.

 

[ctrc2022]

Yup this is only a 4k increase over the 2021 which is great for us given the wild inflation and beatdown of our dollar!

ya, just hoping financing through honda isnt bonkers, but given the regular hatch is 6.4%.. anything is possible.
Idk if I will be able to get one this year, but will start slowly calling around banks and CUs to see what's out there.

 

[mbaapk]

So you're telling me a global business like Honda, will price hedge for FX FOR 1 SINGLE SKU for ONE geo to account for the net impact on the financials to attempt to balance against future projections FX monthly?..

Dude... no one in finance would do that it's a immaterial forecasting assumption. The BPS wouldn't even matter, hence finance wouldn't care to do any of that lol.

To hedge against FX for 1 item you would have to calculate the expected FX over the course of the production life cycle and then do a NPV of the price, no one is doing that for 1 sku lol.

Clearly you don’t understand the importance of volume based pricing and the need to hedge against fx fluctuations in a global market.

Cheers!

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