Dark times coming for premium carmakers in German market?

EnI

Quote:

Originally Posted by Reuters

Panke also criticised the German government's plan to raise taxes on company cars driven by entrepreneurs.

"In the premium segment -- not just with us -- the share of cars used for company business is over 50 percent. If the rules are changed there, that would of course have an impact on unit sales and thus on the economy in Germany," he said.

He said BMW expected politicians to treat the matter cautiously so as not to endanger an upswing. "In any event we have to avoid a long debate over this subject because this would only make customers uncertain," he said.

It is known fact that in German market most premium cars are bought / leased by small private compnies (like GmbH), and driven by the owners. As Panke stated premium carmakers (Audi, BMW, MB, Jaguar, Porsche, etc) sold / leased over 50% off all sales in German market to such customers.
So, now the new German goverment is palnning to raise taxes on cars leased / bought in such way, meaning such customers will decrease the demand and hurt the premium market sales.

Bad prognose for all the premium carmakers - especially the German ones as Germany being their biggest single market.

gustavo

Quote:

Originally Posted by Tine

It is known fact that in German market most premium cars are bought / leased by small private compnies (like GmbH), and driven by the owners. As Panke stated premium carmakers (Audi, BMW, MB, Jaguar, Porsche, etc) sold / leased over 50% off all sales in German market to such customers.
So, now the new German goverment is palnning to raise taxes on cars leased / bought in such way, meaning such customers will decrease the demand and hurt the premium market sales.

Bad prognose for all the premium carmakers - especially the German ones as Germany being their biggest single market.

Ehh, you have no clue. Please inform yourself about tax reforms before posting bullshit

EnI

Gustavo, you don't have to be such an argoant a...hole!

I've just re-stated what Helmut Panke said.
So, if you are such a tax expert please explain the situation.

siko

Aren't these taxes deductible for corporations in Germany... so it only means higher deductions!?

yomomwhat

Quote:

Originally Posted by Tine

Gustavo, you don't have to be such an argoant a...hole!

I've just re-stated what Helmut Panke said.
So, if you are such a tax expert please explain the situation.

well he does actually live in germany....so he might know what he is talking about

seeing as you live in germany gustavo, i know this is a bit random but is your normal tax of products (mehrwehrtsteuer!!) increasing in 2006?