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Imports and the Yen

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Old 29 June 2016 | 08:18 AM
  #1  
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From: Redditch
Default Imports and the Yen

The pound is at it's lowest against the Yen since 2013. Will this slow down the JDM imports coming in and will the prices of JDM cars recently imported now rise?
Old 29 June 2016 | 09:50 AM
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Having spoken to one Importer recently he only had stock coming in up to the Brexit Referendum due to concerns over the Exchange Rates and the financial situation.

His auction contacts in Japan were also worried over what would happen after Brexit and the wider implications.

Only time will tell on values but it seems up is the way to go.
Old 29 June 2016 | 12:12 PM
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I wouldn't bother atm.
Old 29 June 2016 | 02:28 PM
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Its fractionally effected our prices, but i'm sure when the panic is over things will get back to normal.
Old 27 August 2016 | 10:49 PM
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From: Redditch
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The yen is still strong against the pound, when will it even it's self out I wonder?
Old 27 August 2016 | 11:06 PM
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I run a business dealing in Japanese imported goods, and prices are up 40% against the same time last year for the same goods as a direct result of the currency rates. Hopefully things will return to some degree of normality, but when is anybody's guess.
Old 28 August 2016 | 09:43 AM
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From: Redditch
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I think the influx of fresh imports will be slowing down now. I feel lucky now I bought mine when the yen was in the late 160's. I worked it out the last spec c I bought that arrived 4 weeks ago would of cost me about a £1000 more! The Yen this time last year was in the 180's it's now in the 130's. Wish I'd of push the boat out now and bought an RA-r.
Old 28 August 2016 | 01:07 PM
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My concern would be that the quality of imports may dip as they will be cheaper. And the US will have no competition at auction.
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