Poll suggests more than 2/3 support Brexit.

Economic hardships are on the way, but we can definitely get through them. I reckon the difficulties for the EU are more damaging: this is considering the £80 billion pound German car industry and the repercussions on it if Germany were to give us a bad deal.

https://www.google.co.uk/amp/www.telegraph.co.uk/news/2017/05/15/two-thirds-voters-now-support-brexit/amp/


Very good news, but it was expected.

Economic hardships are on the way, but we can definitely get through them. I reckon the difficulties for the EU are more damaging: this is considering the £80 billion pound German car industry and the repercussions on it if Germany were to give us a bad deal.

considering the £80 billion pound German car industry and the repercussions on it if Germany were to give us a bad deal.

If BMWs, Audis and Mercs become more expensive, it will just make them more attractive to the kind of people who aspire to buying them.

One plus from Brexit is that our coming "special deal" with the US will mean that everyone can own a V8 Mustang, Challenger or Camaro. I already have my eye on a Shelby or R/T. Just waiting for the prices to drop.

No not really, the people who buy BMWs, Audis etc etc deffo look at the price. If it becomes too expensive theyll just go to the second hand car market where the value depreciates a lottt but that damages the car manufacturers business. You're economically illiterate if you seriously think that as the price of a 30000-50000 BMW or Audi goes up, more people will buy it.

I didn't claim that more people would buy them, just that they would become more attractive to the people who buy them already. Its in the words wot I rote.

I may not be economically illiterate, but you seem to be literally illiterate!

That's a non point then. So you're bascially claiming you said "higher prices is good because it means people will drool over the higher prices". Which has no economic relevance whatsoever. You're clearly implying a positive impact.

Nah, we all know what you meant

No. I meant that higher prices on German cars won't necessarily impact sales volumes.

And that's where your economic illiteracy kicks in.

Not familiar with the ecomonic theory of "Veblen goods" then?

I didn't claim that more people would buy them, just that they would become more attractive to the people who buy them already. Its in the words wot I rote.

I may not be economically illiterate, but you seem to be literally illiterate!

Just a fancy name for a distinction good. A £40k merc is not a distinction good LOOOOOL. The only type of car that would be a distinction good is ones that appreciate in value, something like a 60s ferrari. An average mercedes, even a 100k one is a wasting asset. These cars will lose 50% of its value in 3 years. Its market is highly competitive. Hence rational consumers wouldnt demand more of a good if its price increases because its neither unique nor will it appreciate in value, it actually depreciates in value quite badly.

The fact that I have to explain this to you shows just how economically illiterate you are.

Also, interesting that you've now changed your argument given that first you said this.
come on now, be consistent!

No. The principle applies to any goods where you are paying a premium for no material advantage, only an aspirational or positional gain.

No inconsistency. An increase in the price of luxury goods does not decrease their desirability. If anything, it increases it.

Not a counter argument. Just a generic non point which further proves your economic illiteracy. Come on now, google cant teach you economics in seconds!

You said" I didn't claim that more people would buy them" but then you're also arguing that there will be more people buying them as it is a "veblen good".

It is clearly a counter argument to "increased prices will lead to a dramatic fall in the sales of luxury goods".

I'm not claiming that "more people will buy them", only that there will not be a marked decrease in sales - which is what the OP claimed.

Please respond to what I am actually saying, not what you would like me to have said.

It is clearly a counter argument to "increased prices will lead to a dramatic fall in the sales of luxury goods".

I'm not claiming that "more people will buy them", only that there will not be a marked decrease in sales - which is what the OP claimed.

Please respond to what I am actually saying, not what you would like me to have said.