| cycleguy55 |
04-14-2015 04:13 PM |
Quote:
Originally Posted by REAL 1
(Post 1345143)
Law School does not prepare you for the real practice of law. That is a whole new education and fraught with peril.
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It is rare that a formal education properly prepares anyone for the vagaries of the real world, though the '0 to 60' in law is probably a lot faster once you've passed the bar than it is for entering many other fields of endeavour. |
| twobjshelbys |
04-14-2015 05:42 PM |
From the Shelby web site there are 11 authorized dealers in the US. Many of them may not even be active any more. I doubt that <10 is enough to make a class in the sense that most think of.
Good luck Stephen!
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I'm not a lawyer but I just read the complaint and a few things struck me.
Mr. Becker claims he earns 33% profit on each vehicle he sells. I seem to remember a thread a few years ago where he and other dealers implied their profit margin was very slim.
Part of the complaint references Nevada law regarding the sale of "vehicles". I wonder if that even applies since the SAI documents specifically and consistently call their product "Component Vehicles". I also wonder if this is going to open a can of worms regarding the sale of completed vehicles by either SAI or dealers.
The complaint identifies SAI's Director of Sales by name. Unfortunately they misspelled his name. How difficult is it to get that right?
Mr. Becker's current dealer agreement expires in July of this year. Any bets on renewing it?
This should be interesting as it plays out.
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| mikeinatlanta |
04-15-2015 07:27 AM |
What's with all the fascination over class action? SAI is a small company and the pockets aren't very deep. I would think the goal would be to get in early and alone in hopes of settlement before they go belly up. What am I missing (besides any legal training)?
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| RodKnock |
04-15-2015 02:52 PM |
Quote:
Originally Posted by mikeinatlanta
(Post 1345243)
What's with all the fascination over class action? SAI is a small company and the pockets aren't very deep. I would think the goal would be to get in early and alone in hopes of settlement before they go belly up. What am I missing (besides any legal training)?
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It's about what it's always about. Time and money. But in this case, it's a waste of time and money. |
| REAL 1 |
04-15-2015 02:54 PM |
Quote:
Originally Posted by Al G
(Post 1345239)
I'm not a lawyer but I just read the complaint and a few things struck me.
Mr. Becker claims he earns 33% profit on each vehicle he sells. I seem to remember a thread a few years ago where he and other dealers implied their profit margin was very slim.
Part of the complaint references Nevada law regarding the sale of "vehicles". I wonder if that even applies since the SAI documents specifically and consistently call their product "Component Vehicles". I also wonder if this is going to open a can of worms regarding the sale of completed vehicles by either SAI or dealers.
The complaint identifies SAI's Director of Sales by name. Unfortunately they misspelled his name. How difficult is it to get that right?
Mr. Becker's current dealer agreement expires in July of this year. Any bets on renewing it?
This should be interesting as it plays out.
|
Very astute points. |
| stephen_becker |
04-15-2015 06:09 PM |
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| rodneym |
04-15-2015 10:30 PM |
Eh, Mr. Becker, something tells me that SAI will send a '50th' car your way and you'll be able to sue another day.
|
| NewYorkGuy |
04-16-2015 10:47 AM |
"... The dealership also claims Shelby sold at least one car, with a fully installed engine, directly to a member of the public for about $500,000..."
nice profit! shady but it's the Shelby way.
$180K Kirkham alum roller
$50K drivetrain
$20K Shelby badges & VIN
$250K into personal bank accounts
|
| bret a ewing |
04-17-2015 09:50 AM |
If allumy cars keep rising in price I wouldnt be suprised to see another manufacturer get into the fray.
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| RodKnock |
04-17-2015 11:30 AM |
Quote:
Originally Posted by NewYorkGuy
(Post 1345338)
"... The dealership also claims Shelby sold at least one car, with a fully installed engine, directly to a member of the public for about $500,000..."
nice profit! shady but it's the Shelby way.
$180K Kirkham alum roller
$50K drivetrain
$20K Shelby badges & VIN
$250K into personal bank accounts
|
Nothing shady about it. It's called capitalism. The dealer likely doesn't make a huge buck. And SAI is a publicly traded corporation, any profits go to the company's shareholders. I don't see the stock rising above $0.16 or whatever someone quoted recently.
And yes, brand names, whether pharma drugs, watches, or even PET FOOD, will always bring a premium. Wow, breaking news. :rolleyes: |
| Cashburn |
04-17-2015 01:49 PM |
Quote:
Originally Posted by bret a ewing
(Post 1345434)
If allumy cars keep rising in price I wouldnt be suprised to see another manufacturer get into the fray.
|
Ohhh don't get that started again :LOL: |
| RodKnock |
04-17-2015 03:57 PM |
What drives me nuts is when people complain about what profits are made about any item.
Recently, people were complaining on one of the Porsche forums about a dealer asking $1,000,000+ for a new 918 Spyder or whatever model it was. A customer backed out of the order at MSRP and the Porsche dealer marked it up a few hundred grand.
Some people were outraged that the dealer marked it up after a buyer backed out of their deal. The car sold.
Moral of the story. Go take Economics 101 again. :rolleyes:
|
| RodKnock |
04-17-2015 03:59 PM |
Quote:
Originally Posted by Cashburn
(Post 1345451)
Ohhh don't get that started again :LOL:
|
That was fun, wasn't it? The good old days. |
| NewYorkGuy |
04-17-2015 05:57 PM |
So what happened to previous lawsuit? Did Mr Becker receive his cars in 2012 ?
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| REAL 1 |
04-18-2015 04:35 AM |
Quote:
Originally Posted by RodKnock
(Post 1345458)
What drives me nuts is when people complain about what profits are made about any item.
Recently, people were complaining on one of the Porsche forums about a dealer asking $1,000,000+ for a new 918 Spyder or whatever model it was. A customer backed out of the order at MSRP and the Porsche dealer marked it up a few hundred grand.
Some people were outraged that the dealer marked it up after a buyer backed out of their deal. The car sold.
Moral of the story. Go take Economics 101 again. :rolleyes:
|
Well I feel better now. At least there is another business that people resent making a huge profit besides attaorneys. :LOL:
Forgot about car salsmen.:LOL: |
| NewYorkGuy |
04-18-2015 11:26 AM |
Quote:
Originally Posted by REAL 1
(Post 1345502)
Well I feel better now. At least there is another business that people resent making a huge profit besides attaorneys. :LOL:
Forgot about car salsmen.:LOL:
|
of course! When a 'whale' is willing to pay double or triple the market price, there will be people who use their authority for personal gains. The person who paid $500K for a 50th anniversary cobra didn't have to wait 2 1/2 years for delivery.
is it shady? Yes if the profits go into individual bank accounts. |
| twobjshelbys |
04-18-2015 12:00 PM |
Has it been proven that there was a 500K direct to consumer sale? So far it is only asserted.
|
| REAL 1 |
04-19-2015 06:04 AM |
Quote:
Originally Posted by NewYorkGuy
(Post 1345517)
of course! When a 'whale' is willing to pay double or triple the market price, there will be people who use their authority for personal gains. The person who paid $500K for a 50th anniversary cobra didn't have to wait 2 1/2 years for delivery.
is it shady? Yes if the profits go into individual bank accounts.
|
Where do your profits go? charity?
Aside from the alleged breach of contract issue if there was an arms length deal for a sale at $500k what's shady? What are the details of that transaction? Has the buyer now cried foul or is he still apparently happy with his purchase. No doubt if he filed we likely would have heard about that one.
Please enlighten us. :rolleyes: |
| NewYorkGuy |
04-19-2015 08:18 AM |
Quote:
Originally Posted by REAL 1
(Post 1345562)
Where do your profits go? charity?
Aside from the alleged breach of contract issue if there was an arms length deal for a sale at $500k what's shady? What are the details of that transaction? Has the buyer now cried foul or is he still apparently happy with his purchase. No doubt if he filed we likely would have heard about that one.
Please enlighten us. :rolleyes:
|
you're the lawyer. read mr. becker's new lawsuit. at Barrett Jackson auction in Jan 2015 (3 months ago), Shelby sales guys (whoever they are) sold directly to the public all or most of the 50th anniversary cars.
l dont think Shelby bosses want to open up their company book keeping in court. did all profits from the sold 50th annv cars go to company or did shelby sales people pocket money on the side? We will find out in court... or never. previous lawsuit by mr becker was settled out of court . shelby paid undisclosed amount.
only thing Shelby manufactures is a VIN number. thats what the dealers and public are paying for. the VIN number. |
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