[Humdizzle]

thoughts? i can't see it happening but there seem to be some shady financing schemes going on.

[overcoil]

https://investors.mclaren.com/sites/...on-q3-2019.pdf

[eluded]

Few years? That's optimistic

[yco]

i couldnt watch the whole video...
anything can happen in this life but "McLaren Automotive" belongs to McLaren Group and it has many stakeholders.. and not much but 10 years ago 40% of the company was belong to Mercedes.. soon they ll start working again with Mercedes in F1.. which means Daimler can be in the play again.. and their revenue last year was rocket high..

McLaren doesnt have an image problem, it has some history, its a racing brand, a lot rich guys were involved or nowadays they are involved in McLaren Group's stakes.. they ll survive i believe..

[New2Roundel]

I don't think I'd care either way. They make some beautiful cars, but they're so not relevant to my life---and the life of 99% of the population---that it wouldn't be a real loss if they went away. Their products are all derivative of the MP4-12c, so frankly, I'm not really that impressed with what they're bringing to the table. They need more diversity in their lineup, IMO.

[overcoil]

I’m not convinced this guys argument that mclaren has issues that are terminal is accurate.

Jay Leno has spoken highly of mclaren. Read that the new cars are vary good that mclaren quickly corrected the complaints of the 12C.

[PoorLurker]

Read the Open Secrets section of Malcolm Gladwell's book, What the Dog Saw. It talks about reporters and Enron.

See if you can do some investigation into their finances.

[Flacht3]

Originally Posted by New2Roundel

I don't think I'd care either way. They make some beautiful cars, but they're so not relevant to my life---and the life of 99% of the population---that it wouldn't be a real loss if they went away. Their products are all derivative of the MP4-12c, so frankly, I'm not really that impressed with what they're bringing to the table. They need more diversity in their lineup, IMO.

I get where you're coming from but disagree, even for the 99% of public that will never get close to owning one of these. Why?

Diversity in the industry is a good thing. McLaren has a wildly different approach and model than the Ferraris (Fiat) and Lamborghinis (VW) of the supercar world. What they bring to the table, R+D, brand positioning etc. keeps the entire market place competitive and they are simply good for the automotive industry.

Their lack of model range is actually what many folks love about them. They focus on doing 1-2 models really really well and then have their halo cars (P1, Senna, SpeedTail, etc. which funnels more R+D back into the next 1-2 "mainstream" models.

Sure, Porsche etc. have a more diverse range but does having a Macan, Cayenne, and 13345387 versions of the 911 and Cayman really make you more impressive?

A world where only BMW, Daimler, VW etc. own all the brands will get very very boring and dilute the fun for everyone. Hell, look at what's happening with Porsche now...the new 992 911 is very "Audi-fied" in terms of keeping things homogenous across lines.

[Humdizzle]

Originally Posted by Flacht3

I get where you're coming from but disagree, even for the 99% of public that will never get close to owning one of these. Why?

Diversity in the industry is a good thing. McLaren has a wildly different approach and model than the Ferraris (Fiat) and Lamborghinis (VW) of the supercar world. What they bring to the table, R+D, brand positioning etc. keeps the entire market place competitive and they are simply good for the automotive industry.

Their lack of model range is actually what many folks love about them. They focus on doing 1-2 models really really well and then have their halo cars (P1, Senna, SpeedTail, etc. which funnels more R+D back into the next 1-2 "mainstream" models.

Sure, Porsche etc. have a more diverse range but does having a Macan, Cayenne, and 13345387 versions of the 911 and Cayman really make you more impressive?

A world where only BMW, Daimler, VW etc. own all the brands will get very very boring and dilute the fun for everyone. Hell, look at what's happening with Porsche now...the new 992 911 is very "Audi-fied" in terms of keeping things homogenous across lines.

yeah but for all that R&D … what do they have to show for it? The 720s just did a lap on autocar and it was slower than a NA GT3RS. not to mention many people are fine owning a Ferrari/GT Porsche out of warranty. It seems like a suicide mission to own any McLaren without warranty in comparison.

Then you have the insane depreciation. $300k 600LT that loses 80k in 1 year after 1800 miles.

https://www.chicagomotorcars.com/201...ber-c-6460.htm

[dgoldenz]

I posted this on RL where they're having the same discussion:

The biggest barrier to entry for these cars and other exotics is the long-term repair/maintenance costs for cars out of manufacturer warranty. I'm not in a position to be buying new McLarens/Ferraris/Lambos, I wish I was. Would love to buy a used one if I could easily obtain a warranty that wasn't $6k+ PER YEAR. The fact that warranties are so expensive and have to pass inspection first means that resale values are reduced when potential buyers like me drop out of the market for those reasons. If you buy a car from a third party dealer, you are taking a chance that your new used car may not qualify for the factory warranty without significant expense. If you a buy a car from a private party, they have to get the car inspected and buy the warranty first, then transfer it to you. That's a lot of hassle to deal with.

Pre-paid maintenance/warranty being available on all used cars at a reasonable cost would go a long way to improving resale values. They need to weigh the warranty/maintenance cost against the overall value to the brand. If people that are buying new don't buy because of the massive depreciation, it cheapens the entire brand. If they offered something like a 10-year 100k warranty/pre-paid maintenance on all new cars, that would go a LONG way towards improving overall sales and prop up resale values, which in turn makes them more attractive to your new car buyers. Nobody else in the price segment offers that (yes I know Ferrari goes 7 years maintenance/3 years warranty, but that isn't 10 years). If you had a choice between a McLaren with 10-year 100k warranty and Ferrari/Lambo with 3 years, which would you buy? Just my opinion.

This is how Hyundai built themselves into a reputable brand that now compete with Toyota and Honda in every segment. Before they came out with the 10-year 100k mile warranty, everyone branded it as inferior junk. Not exactly the same, but when you're the "new guy" trying to break into a well-defined segment of exotics, it's the best way to differentiate yourself from the competition IMO.

[GenXer]

The Germans will buy it up. It's not like there's a lot of British owned car companies left anyway. The ones that exist are all boutique one of a kind manufacturers. BMW or Daimler AG may want it as a conversation piece.

Bugatti wasn't doing so well when VW AG bought it but it's a halo car to pad their resume. I heard VW loses money every time they sell a Bugatti. Imagine losing money when you sell a multi-million dollar car. AHHHH luxury!

[RM7]

They just need a few SUV models, obviously...

[Darth One]

that Youtuber has a serious axe to grind against McLaren. i can never get through his long-ass videos, but there are at least a couple out there where he just tees off on the company for what seems like hours...

[BlueSander]

Same, I can't sit through the entire length. Anyhow, Mclaren's leases suck and they are extremely difficult to transfer. Also, if you buy one and you want to switch to something else, it's almost a guarantee that you will loose your a$$. I don't know how this will play out for the company but it seems like everyone wants one nowadays.

[corn18]

Originally Posted by ScottSinger

https://investors.mclaren.com/sites/...on-q3-2019.pdf

Read this instead of watching that video. They have a shit balance sheet and are losing money. I would not invest my money in this company.

You can go through their 10k and figure out where all the money goes, and most of it is racing. But they are also getting killed by amortization and debt costs.

Maybe that's ok for a European company. We had a $500M business segment based in Germany and they seemed more than happy with just breaking even. They were very proud of their 4% EBIT and zero cash flow. So we sold them.

[See5]

If Aston can stay alive by the skin of its teeth, McLaren should be able to do the same.

A terrible balance sheet is but a small obstacle. lol

[..Rush..]

I hope not.