Kirkham Motorsports Sale

[David Kirkham]

Gents,

Sorry, Shelby just called and so I sold one to Shelby. They are seriously thinking about taking the others. We have run into a strange situation where the dollar is falling so our prices are going up. When the Euro first came out, it traded at 0.82 cents--today it passed $1.50! I almost passed out. Along with this, Gerry and Fritz in Europe are selling cars like crazy because of the low dollar and so they are sucking up all of our production in Poland for customers in Europe. We are facing the first shortage of cars in our 13 year history.

Very soon we are going to have to adjust our prices to reflect the fall of the dollar and our cost increases.

David

[KeithBrown]

David,

I am happy for that you that you are in such a position. You have worked hard and when the markets and exchange rates shift to increase demand for your outstanding product, I for one am glad to see your contiunued success.

Best of Luck.

[David Kirkham]

It is always a good news/bad news situation. I am very seriously thinking we will run out of cars soon...

BUT

Look at the bright side...we will probably start making the coupe way earlier than we thought!

David

[RodKnock]

Originally Posted by David Kirkham

When the Euro first came out, it traded at 0.82 cents--today it passed $1.50! I almost passed out. David

As long as you pass along the savings when the dollar and euro go the other way!

[David Kirkham]

Originally Posted by RodKnock

As long as you pass along the savings when the dollar and euro go the other way!

From the looks of it, I doubt the dollar will go the other way. Even if it does, I am sure inflation will be right there in line to bite us all on the bum.

David

[RodKnock]

Originally Posted by David Kirkham

From the looks of it, I doubt the dollar will go the other way. Even if it does, I am sure inflation will be right there in line to bite us all on the bum.

David

David, don't worry, I'm sure one of three main presidential candidates will fix it when they get into office. On Day One, maybe. Depends on who's elected.

Maybe if the euro gets really expensive to the dollar, your plant in Poland will have to relocate to UT? Yes, I know that's not going to happen. However, maybe those craftsmen you employ want a temp job at the CA DMV each January.

[David Kirkham]

More and more parts keep moving from Poland to the US because of the drop in the dollar. Now, they really only make the frames, bodies, and a very few other parts in Poland. If the dollar drops any further, I may be cheaper to do it in the US!

David