Car Sales Data (2018)

[StockEngine]

hmm sounds like banks are still profiting even on loan defaults

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[maxpedition]

how can bank profit with so many repossessed vehicle on their warehouses?

[minicarph]

think of securities like stocks , insurance, certificate of time deposit, bonds etc.. dyan lang naman talaga kumikita bangko, pinapaikot nila sa circulation. say the bank paid cash for the borrower to buy a car.

they will now treat the car as a form of security, pag niremata, babalik ulit sa circulation, then they can charge another round of interest to the next buyer, pag good payer eh di tapos na dun pero pag niremata ulet, ibabalik na lang ulit nila sa repossesed and then ganun ulit parang security na naman hanggang sa tuluyan na mawalan ng value yun car.

do take note that everytime the car is bought and repossessed nagmumultiply tenfold ang opportunites nila, as is the case that if your deposit is 3000, than means they can lend like 8 times of that or 24000. that is how money is made from thin air, in this case it's the car.

that's why sinasabi ko dati, mangutang kayo ng mangutang coz the banks love borrowers. they hate money hoarders or depositors. I have seen this phenomenon grow na eh. kumbaga eto talaga ang natutunan ng mundo after the 2008 Financial crisis or subprime. it may seem that the subprime is bad business but actually it's the best business there is ...

[StockEngine]

how can bank profit with so many repossessed vehicle on their warehouses?

bank reports say they profit overall.

if they don't profit from car loans, they would immediately stop their car loan programs.

if you see banks repo car lots, check out their property listings

[StockEngine]

with the crosswind out of the line up in a few months..

Nissan will most likely overtake Isuzu in the rankings...


cdn images

[CVT]

bank reports say they profit overall.

if they don't profit from car loans, they would immediately stop their car loan programs.

if you see banks repo car lots, check out their property listings

Repossesed vehicles are part of a bank's wealth, much like FG, I think. So still a profit... And remember, as if the owner has not paid a lot in amortization already..

Wait until they could not be sold back, then they have to write them off.... So, subasta to mitigate the losses....

[dr. d]

i'm sure these banks have something in their systems, that will enable them to pass off these repoes as business losses, and thereby reflect on the taxes they pay.
bottomline, no such thing as lugi.

[Ketib]

i'm sure these banks have something in their systems, that will enable them to pass off these repoes as business losses, and thereby reflect on the taxes they pay.
bottomline, no such thing as lugi.

I am not an accounting guy, but I heard "bad debts" term being used.

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[glenn_duke]

i'm sure these banks have something in their systems, that will enable them to pass off these repoes as business losses, and thereby reflect on the taxes they pay.
bottomline, no such thing as lugi.

Tax shields.

[CVT]

i'm sure these banks have something in their systems, that will enable them to pass off these repoes as business losses, and thereby reflect on the taxes they pay.
bottomline, no such thing as lugi.

Doc, businesses would normally accrue money for these non moving inventories during good times just in case they could not be sold, and eventually have to be written off. Remember that they're not in the business of selling vehicles.


However, once they turn the inventories, they reverse the accrual plus show sales...

[dr. d]

Doc, businesses would normally accrue money for these non moving inventories during good times just in case they could not be sold, and eventually have to be written off. Remember that they're not in the business of selling vehicles.


However, once they turn the inventories, they reverse the accrual plus show sales...

english, please.

[CVT]

english, please.

Doc, may reserve na iyang pera na sine set aside during good times ( while profitable libro nila). Para Kung talagang di na mabenta at write off na, wala ng hit sa libro.

Kung mabenta, soli lang ang reserve at may sales pa... Hopefully may tubo sa benta...

Sorry doc, taglish... Engineer ako e....

[dr. d]

Doc, may reserve na iyang pera na sine set aside during good times ( while profitable libro nila). Para Kung talagang di na mabenta at write off na, wala ng hit sa libro.

Kung mabenta, soli lang ang reserve at may sales pa... Hopefully may tubo sa benta...

Sorry doc, taglish... Engineer ako e....

ok lang.
marami rin kasing duktor dito, e.

meron ding beterinaryo.. dentista.. optometro.. kunduktor...

[kagalingan]

so ngayon year 2018......

umaasa pa ba kayo mga nag-overrate sa diesel crv.....

[StockEngine]

so ngayon year 2018......

umaasa pa ba kayo mga nag-overrate sa diesel crv.....

so whats your monthly sales prediction for the crv?

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[kagalingan]

doc kung by the numbers hindi ko tanchado.....

pero at 1.8mlyones tapos ganyan lang itsura eh lalangawin yan..... eh kapera lang itsura likod ng brv bakit pa gagastos ng doble...

kasi at that price level kailangan head turner ka.... kailangan kakaiba ka...

eh ang dami nagpost dito na makakalaban daw sa fortuner and montero..... kahit araw-araw mag-sua montero eh hindi makakaporma yan.... hahahahah

tapos natatawa ako pag nababasa ko dito madami daw nagpareserve.... sa lahat pa ng pinaniwalaan eh ahente ng kotse.....

january 2018 na.... february na next month..... ilan buwan na yan madami kuno nakareserve..... bolahan much...

[minicarph]

Doc, may reserve na iyang pera na sine set aside during good times ( while profitable libro nila). Para Kung talagang di na mabenta at write off na, wala ng hit sa libro.

Kung mabenta, soli lang ang reserve at may sales pa... Hopefully may tubo sa benta...

Sorry doc, taglish... Engineer ako e....

Tindeh noh fafa cvt, bangko lang talaga makakagawa nyan. Kaya siguro walang tigil ng pagtaas ng PPV price, they d really want to default the first owner kasi mabenta pa sa repo up to the nth time yan. Kung magaling naman magbayad first owner good business na din.

Win win talaga sila.

[StockEngine]

Tindeh noh fafa cvt, bangko lang talaga makakagawa nyan. Kaya siguro walang tigil ng pagtaas ng PPV price, they d really want to default the first owner kasi mabenta pa sa repo up to the nth time yan. Kung magaling naman magbayad first owner good business na din.

Win win talaga sila.

sakit nun..30 payments tapos default.. ang saya bangko hahahah

mabenta ng bangko within 24 months after repo. cash agad.



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[Syuryuken]

doc kung by the numbers hindi ko tanchado.....

pero at 1.8mlyones tapos ganyan lang itsura eh lalangawin yan..... eh kapera lang itsura likod ng brv bakit pa gagastos ng doble...

kasi at that price level kailangan head turner ka.... kailangan kakaiba ka...

eh ang dami nagpost dito na makakalaban daw sa fortuner and montero..... kahit araw-araw mag-sua montero eh hindi makakaporma yan.... hahahahah

tapos natatawa ako pag nababasa ko dito madami daw nagpareserve.... sa lahat pa ng pinaniwalaan eh ahente ng kotse.....

january 2018 na.... february na next month..... ilan buwan na yan madami kuno nakareserve..... bolahan much...

1.648M yung lowest variant ng CRV maraming kakaining sales ng PPV yan.

[jut703]

The CRV only sold 132 units in the first half of the year. Following that run rate until November when the new gen was launched, you can asusme about 250-300 previous gen CRVs were sold in 2017.

That means that among the 2,799 CRVs sold for the full year, around 2,500 were new-gen CRVs that were sold in Nov-Dec. That's about 1,250 units per month which is very, very good for a crossover.

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