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Catering to used car buyers-parts
In message <199712311542.KAA04845@guru.ai.net> Fringe Ryder writes:
> Not necessarily. The U.S. stock market has returned over 11% over the last
> 90 years, on AVERAGE. 1990s European inflation has been much higher. For
> sake of avoiding debates, we'll go with the very conservative 11% number.
> Many of the cars on this list are more than a decade old (which means
> 1987). In one decade, an unused part will almost triple in cost due to
> that 11% inflation. (It will go up to 284%.) The 15-yr old urQs will
> almost quintuple!
I think you might need to check a fact or two. I can send you a spreadsheet
with the UK's monthly RPI (Retail Price Index) on it if you'd like.
The UK's index was rebased to January 1987 at a value of 100. Using this base,
inflation ran to 154.4% in January 1997. This is 4.44% per annum, although
there was a peak of around 10% in July 1990 - for the last few years, inflation
rates have rarely exceeded 3% per annum.
Committee Member, UK Audi [ur-]quattro Owners Club