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Showing results for tags 'margins'.
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I just walked around Leng Kee last week and was looking at (yes, my current fav) the renaultsport Megane. Also saw the brand new citroen DS3. Based on what the sales people told me: DS3 OMV = 22K. Since basic cost = OMV + Custom (OMV X 0.2) + GST of 7% of (OMV+Custom) + ARF (same as OMV) + $140 registration + COE... the math is like this: DS3 22K+4.4K+1.848+22K+140+32K = 82,388 <--- Basic Cost. Pre Launch Pricing was 89,999 So the AD only earns like $7,611??? Renault RS250 OMV = 29K 29K+5.8K+2,436+29K+140+42,810 = 109,186 <--- Basic Cost. Pre Launch Pricing is 145,888 So the AD earns like $36,702??? $7,611 vs $36,702 is ridiculous. Left a bad taste in my mouth... Love the car, but the pricing is really stupid. No wonder Renaults sell so "well" in Singapore. It will depreciate like a gold bar dropping into the ocean. Really a shame. But the weird thing is, their margin is only 11K on the outgoing renault sedan. So that's quite good value. If the renault megane RS were $120K and they earn 11K... I'd have a new car on the driveway before Christmas.