[Legion5]

The car was introduced at 70k it's now 90k! That's a difference of 30% which is a huge price hike.

Does anyone know how this end up happening? I never really looked into it because I'm more interested in the Porsche GT3, but this just seemed like it got way too close to GT3 pricing and I was wondering what everyone else thought value wise about the GT-R. It doesn't seem like the value leader to me.

[J02 335i]

I think it's all the hype, that seemed to drive the price up. Too bad because it was an awesome super car for the money. But I'm with you I'd rather have a GT3, even a used GT3 over a new GTR.

[samchoi604]

I know it's getting a big power bump.. Probably also a combination of inflation, currency rate difference, and demand....

[stylinexpat]

If you look at the currency rate of exchange for the last 3 years you will see that the Japanese currency lost about 30%

Second I think they wanted to price that car at around $100K to cover parts replacement costs covered under warranty.

[ToothDoc]

It was never 70K. They always marked it up 20-30K in the beginning also. LOL

[Comet]

Originally Posted by Legion5

The car was introduced at 70k it's now 90k! That's a difference of 30% which is a huge price hike.

Does anyone know how this end up happening? I never really looked into it because I'm more interested in the Porsche GT3, but this just seemed like it got way too close to GT3 pricing and I was wondering what everyone else thought value wise about the GT-R. It doesn't seem like the value leader to me.

a GT3 is like 150,000$
how is that close to the price of a GT-R?

[Space Ghost]

Originally Posted by ToothDoc

It was never 70K. They always marked it up 20-30K in the beginning also. LOL

This. I looked for a 70k GTR in 2008 before buying the M3. Every dealer told me 80-90k and that most US alotments were being purchased by dealers and shipped over seas where they could get even more.

[koreez88]

2012 GT-R does 0-60 under 3 seconds. What other can under $100k does that?

Even 90k is insanely low for the amount of performance you get.

[abisson]

Originally Posted by koreez88

2012 GT-R does 0-60 under 3 seconds. What other can under $100k does that?

Even 90k is insanely low for the amount of performance you get.

This. BUT, it is still an Nissan, so if luxury is not a problem, it is the best deal on the planet.

[RevsPlease]

I think dealer markup over MSRP is a likely explanation. A buddy of mine paid 115k for his 2012 black edition GTR. He did buy the extended maintenance package though.

[fluidkaos]

Originally Posted by stylinexpat

If you look at the currency rate of exchange for the last 3 years you will see that the Japanese currency lost about 30%

Second I think they wanted to price that car at around $100K to cover parts replacement costs covered under warranty.

You've got that backward. The Japanese Yen gained about 30% over the US Dollar. At the start of that graph $1 bought 110yen, now $1 only buys 78yen. Big drop on the dollar.

[stylinexpat]

Originally Posted by fluidkaos

You've got that backward. The Japanese Yen gained about 30% over the US Dollar. At the start of that graph $1 bought 110yen, now $1 only buys 78yen. Big drop on the dollar.

How do I get this backward?? When they were sending $70K USD back to Japan they were getting 8,800,000 YEN and now if they send back $80K USD they only get 6,160,000 YEN (Calculated at 77 to the Dollar) but if they sell the car at $100K USD then they get back 7,770,000 YEN in Japan so they still get less today. Today they get less YEN back home than they did before because the YEN climbed against the USD which is bad for local manufacturers in Japan.

[OOOSQ]

Be glad you don't have to pay $200K like we do over here...

[Brey335i]

I saw the GT-R selling for 75-80 here with dealer markup. The premium model raised the price to 90

[stylinexpat]

Originally Posted by OOOSQ

Be glad you don't have to pay $200K like we do over here...

That's an extra $100K that your government gets to pocket every time you buy a car. That's a rip off if you ask me. These 100% duties that some of these governments charge is robbery. 5% duty is reasonable but 100% is unreasonable if you ask me. Cars are necessary transportation needs that people need. In order for an economy to grow and prosper people need to be able to get and move around in an affordable way. Taiwan,China and Singapore are not any better when it comes to duties as well.

[Boosted John]

got close to GT3 pricing, really?? Last i looked a GT3 starts around $140k, which is about $50k more than the skyline..

[nightkhan]

Originally Posted by stylinexpat

How do I get this backward?? When they were sending $70K USD back to Japan they were getting 8,800,000 YEN and now if they send back $80K USD they only get 6,160,000 YEN (Calculated at 77 to the Dollar) but if they sell the car at $100K USD then they get back 7,770,000 YEN in Japan so they still get less today. Today they get less YEN back home than they did before because the YEN climbed against the USD which is bad for local manufacturers in Japan.

fluidkaos is correct in saying that the yen gained value over the US dollar since it's more expensive now to purchase yen ($1 USD only gets you roughly 77 yen) than it was a few years back ($1 USD used to get you 100+ yen). I think what you're trying to say is that japanese exports lose in gross income now because it's more expensive to purchase japanese goods and for the same amount of USD spent the japanese don't receive as much yen as they would be a few years ago.

so yen gained value over usd (bad for exports), japanese companies lose in revenue

[OOOSQ]

Originally Posted by stylinexpat

That's an extra $100K that your government gets to pocket every time you buy a car. That's a rip off if you ask me. These 100% duties that some of these governments charge is robbery. 5% duty is reasonable but 100% is unreasonable if you ask me. Cars are necessary transportation needs that people need. In order for an economy to grow and prosper people need to be able to get and move around in an affordable way. Taiwan,China and Singapore are not any better when it comes to duties as well.

[Kensta335]

GTR = New King of the HWY.

[Memphis1]

Originally Posted by RevsPlease

I think dealer markup over MSRP is a likely explanation. A buddy of mine paid 115k for his 2012 black edition GTR. He did buy the extended maintenance package though.

in porsche of fairfield there's a 2011 gt3 rs with 2k miles for $128k, 13k diff from a datsun to a porsche

[stylinexpat]

Originally Posted by nightkhan

fluidkaos is correct in saying that the yen gained value over the US dollar since it's more expensive now to purchase yen ($1 USD only gets you roughly 77 yen) than it was a few years back ($1 USD used to get you 100+ yen). I think what you're trying to say is that japanese exports lose in gross income now because it's more expensive to purchase japanese goods and for the same amount of USD spent the japanese don't receive as much yen as they would be a few years ago.

so yen gained value over usd (bad for exports), japanese companies lose in revenue

For every percent that the YEN gains against the USD every Japanese item exported overseas needs to increase in price by 1% in order for manufacturers to not lose money.

[fluidkaos]

Originally Posted by stylinexpat

How do I get this backward?? When they were sending $70K USD back to Japan they were getting 8,800,000 YEN and now if they send back $80K USD they only get 6,160,000 YEN (Calculated at 77 to the Dollar) but if they sell the car at $100K USD then they get back 7,770,000 YEN in Japan so they still get less today. Today they get less YEN back home than they did before because the YEN climbed against the USD which is bad for local manufacturers in Japan.

Originally Posted by nightkhan

fluidkaos is correct in saying that the yen gained value over the US dollar since it's more expensive now to purchase yen ($1 USD only gets you roughly 77 yen) than it was a few years back ($1 USD used to get you 100+ yen). I think what you're trying to say is that japanese exports lose in gross income now because it's more expensive to purchase japanese goods and for the same amount of USD spent the japanese don't receive as much yen as they would be a few years ago.

so yen gained value over usd (bad for exports), japanese companies lose in revenue

^-- This is exactly it.

Originally Posted by stylinexpat

For every percent that the YEN gains against the USD every Japanese item exported overseas needs to increase in price by 1% in order for manufacturers to not lose money.

Seems we are in agreement, just describing two sides of the same coin. Thankfully foreign automakers make the prices in USD for the US market, and not a conversion of their local currency.