NSX in the Toronto Star

[Animate]

Someone is fond of our car...


http://www.thestar.ca/NASApp/cs/Con...959&call_pageid=968867497088&col=969048871196

 

[NetViper]

Now that was a great article!
He is right on the money..

 

[Animate]

And here is another..

http://www.thestar.ca/NASApp/cs/Con...757&call_pageid=968867497088&col=969048871196

 

[Midnight_Raven]

UH......Why is he stating that the nsx cost 140,000 dollars. Someone should email him telling him the car cost a little more than half of that.

 

[NetViper]

UH......Why is he stating that the nsx cost 140,000 dollars. Someone should email him telling him the car cost a little more than half of that.

Somebody should look at the site they are on and realize that it is in canada.

 

[Animate]

UH......Why is he stating that the nsx cost 140,000 dollars. Someone should email him telling him the car cost a little more than half of that.

They are canadian dollars, but even so you bring up a good point. It is still disproportionately high.

The current exchange rate is about 1.4, so if the US price is $80K for example, the price here should be closer to $112K.

The 140K figure is probably tied to the historic lows of the canadian dollar.

Over the last few years many cars were less expensive here than the US in absolute terms.

 

[nsxtasy]

Currency relationships fluctuate from one day to the next. Car prices don't. When marketing sets the price for a car, it is generally expected to apply for the full model year, although mid-year changes can be, and sometimes are, made for exchange rates when absolutely necessary.

I realize that today, 140,000 Canadian dollars equals 100,258 U.S. Dollars. I know the U.S. dollar has been sliding recently. Perhaps six months or a year ago it might have equalled 70,000 U.S. dollars, I don't know precisely. That does not mean that carmakers will necessarily change their prices during the year to account for currency fluctuations. And, of course, what matters is the relationship of each of those currencies to the Japanese yen, since the NSX is produced in Japan.

I don't know whether the transfer costs (what Honda Motor Co. charges American Honda for a car to sell, whether it is produced in Japan, or Canada, or the States) are specified in the currency of the producing country, or the marketing country. When currencies fluctuate, one part of the company will eat the cost (or reap the advantage) of the changes. If the transfer cost is specified in the currency of the producing country, then the marketing organization incurs the risk associated with currency exchange rates; if it is specified in the currency of the selling country, then the manufacturing organization incurs that risk.

 

[effer]

When the canadian dollar was 0,63 us dollar, 140K $ can is about the same as 89K $ us and of course we are speaking of official MSRP prices but in real this isn't what a customer will spend and I heard that here in Canada you will run out the dealer with a brand new NSX for about 115K-120K $ can.

At 0.63 $ us for 1$ can this is a conversion factor of 1,587

At 0.71 $ us for 1$ can " " " " " " 1,408

Assuming that we can pay 73K $ us for a us NSX, today this would mean around 103 K $ can, but we'll have to pay at least the GST of 7%... for a total of 110 K $ can

Good thing for an US owner to find a Canadian buyer?

 

[Tony Montoya]

They are canadian dollars, but even so you bring up a good point. It is still disproportionately high.

The current exchange rate is about 1.4, so if the US price is $80K for example, the price here should be closer to $112K.

The 140K figure is probably tied to the historic lows of the canadian dollar.

Over the last few years many cars were less expensive here than the US in absolute terms.

The US price is 89k. The Canadian dollar is worth .63 US for so long that 140k CDN is a bargain when you consider that there is a 6.5% duty on Japanese cars in Canada. The US has only a 1.5% duty, IIRC. Plus the driving lights cost 800 dollars.
I think the car companies hedge currencies so they don't take such a beating but still you cannot buy an NSX here for less than 140k. At 140 K the extra 30 for the 911 TT is something to think about. I saw a red one yesterday and it looks cool even though our licence plate is green. Yuk. Good thing it didn't have a front plate on.
Great link Animate.

 

[Midnight_Raven]

My bad didn't realize it was in canada anyways I thought most countries have there own type of currency. Didn't expect this symbol ($) to mean canadian dollars too.

 

[NSXCessive]

I was down at Dealer located on Toronto Canada, sticker price on a brandnew `03 ~ $147 000 CND or about $104 725 US...

 

[NetViper]

I wrote the author and thanked him for his article.

His response "Thanks for your message - I'm glad you enjoyed the story (not as much as I enjoyed the car). Rumour has it that Honda will be showing a new NSX in Tokyo this October. I've got my fingers crossed."


Let's all keep our fingers crossed

 

[Animate]

NetViper: Thanks for reporting his interesting response. We'll all be watching the Tokyo show closely.

Midnight_Raven: Your comment about the dollar sign made me curious. Here's a quote from a quick web search.

The symbol we use today for the dollar originally had two vertical strokes. In the 1877 book "Gold and Debt" by William Lyman Fawcett, the history of the dollar symbol is told.

The symbol was derived from the pillars of Hercules, one of the oldest symbols known to the human race. Their composition is due entirely to the emperor Charles the Fifth of Germany who, also being king of Spain, adopted them as supporters on either side of his escutcheon, and also placed them in the device on the Spanish "pillar dollar." Charles derived the idea from the poetic conceit which gave the name of "Pillars of Hercules" to the two mountains which stand on either side the Straits of Gibraltar; that is, Calpe, or the Rock of Gibraltar, on the north, and Mount Abyla, in Africa, on the south. The scroll, which in the device on the dollar was twined about the pillars, has by long use been gradually modified through writing the mark so as to assume its present form in the dollar mark.

At any rate we canadians will need lots of "pillars of Hercules" to afford a new NSX.

 

[ChopsJazz]

His response "Thanks for your message - Rumour has it that Honda will be showing a new NSX in Tokyo this October. I've got my fingers crossed."

I see a rumour starting... "A guy I never met, but who wrote an article, and emailed a guy on this site called NSXPrime said..."

 

[NetViper]

Haha...

Well, being an automotive journalist, he might have access to more info than we do. Then again, he may not. Who knows. Guess we just wait and see.