That’s the million dollar question isn’t it? Especially being in Canada, our markets are relatively thin, especially exotic cars. If CAD strengthens, it would be a great time to import cars from U.S. but probably can’t happen with oil in the gutter.Those with cash, what are you guys looking at getting into in the short term?
I’m in waiting for real estate to correct/drop. Being a lagging market, that’s about 12-24 months out.
Not a fan of the stock market... especially now. Too much uncertainty.
My business hasn’t been impacted much. In fact, sales have increased with more people at home.
Just trying to decide what investments would make sense in the short term besides investing in growing my brand.
Canadian dealers leverage the thin market by asking ridiculous prices for used exotics and play the waiting game. There are a few smaller independents that move cars at a lower spread.
If you have your own company that can generate returns and is recession-resistant, there is no better investment than that, at the moment. At least you have full control.
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