Virus having any foreseeable impact on importing?

Discussion in 'General Chat' started by dmnd, Mar 23, 2020.

  1. dmnd

    dmnd Gallo 24

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    Hey guys, been awhile! Anyone still around?

    Have there been any rumours floating around on how this virus may cause importation headaches?

    I have a few concerns.

    First, the strength of the CDN peso is getting pummeled. I kind of almost want to purchase a large sum of JPY and somehow keep it on hand, perhaps it can be kept on my wire account, not sure. This would help any surprises in FX rates between the time you win a auction car to the time you are invoiced and send the wire.

    Second is the problem of being able to get your car. Is there any possibility the WWL port may be forced to temporarily suspend operations if the situation worsens? And do I really even want to go near an airport to catch a flight out to retrieve a vehicle at the moment...

    On the flip side I see there being minimal impacts on the Japan export side of things.

    Thanks all, hope everyone is coping well!
     
  2. RyanV

    RyanV Member

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    I don't have anything to add to help you out, but I'd say if you are just looking at purchasing something, put it on hold. The best thing you can do for everyone's benefit is to not put yourself in a position where you need to travel. If you've already purchased something and need to go pick it up, I'd be calling WWL and CBSA to find out what the current policies are. I wouldn't be surprised if WWL isn't allowing people to physically come to pick up. I don't know what their work around procedure would be, but it's likely that they'll have something eventually if they don't already.

    And if you CAN, go and pick up, it might be better to find someone who can make the drive with you rather than flying. Of course, then you have to find a place to stay for at least one night. I'm not sure if there is a good way around this right now, but there could be a good buying opportunity in the future after this subsides. Given the current economic outlook, there could be less demand for people looking to import. If you can hold onto a car for a couple of years the value of some vehicles could go up. I picked up my Alpina in 2011 when things were looking poor on the economic front, so I got it for a good price. Of course, in my case, it's something I wanted for myself though rather than for resale.
     
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  3. Dah_Hunter

    Dah_Hunter Looking over your shoulder, so you dont have to.

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    I havent heard anything on the Japan side.. On this side.

    The Public are no longer allowed at the port. Only Towing compnays are allowed in (Which i fall under if anyone needs a car picked up let me know>

    The exchange rate has tanked so not sure why you would want to buy any YEN right now.. then again it has been lower in the past and honstly doesnt seem to stop anyone from buying stuff in japan. (It might a little bit.)

    I have a client right now that i was supposed to fly out and get a vehicle that i picked up for him and his flights are canceled.. soo that for sure an issue.. I would delay shipping to Canada if you do buy something, hopefully things settle down a bit by May.
     
  4. David Smith

    David Smith New Member

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    just got word that WWL Westminster is now limiting import to essential goods only - used vehicles are not considered essential so my car that was due to arrive April 14th is now delayed indefinitely. :(
     
  5. Dah_Hunter

    Dah_Hunter Looking over your shoulder, so you dont have to.

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    Well thats not good news for people, but i can respect that for sure. Also ICBC isnt registering Cars right now as well so you just have to sit on them when they do arrive.
     
  6. RyanV

    RyanV Member

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    I'm guessing your car is still in Japan then? It might be worth looking into shipping by container if you are paying storage fees in Japan. Depending on how much you're into the car for, it might be a tough decision on whether you pay for storage (indefinitely), send back to auction to recoup some fees (again depending on how much it's worth), just cut your losses on it, or pay more money to have it shipped by container if that's available.
     
  7. Dah_Hunter

    Dah_Hunter Looking over your shoulder, so you dont have to.

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    I talked to the port today. and they are still receiving used cars, its just the new cars are piling up and they are the priority when it comes to space. so some used cars are getting bumped back a boat cause the shipping lines are being told there is no room.
     
  8. David Smith

    David Smith New Member

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    Thx Ben and thx Ryan for the suggestions. I don't think I'd want to give the car up though. The exporter has stored it for a year (fantastic guy) and I don't think he'll charge me under the circumstances. Maybe it'll make it on the next ship then :) fingers crossed!
     
  9. dmnd

    dmnd Gallo 24

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    Hey Guys, sorry for the delay in replying. I won a vehicle just last week, corona virus discount included (but not really due to the recently botched Fx rate).

    Waiting to see what info Derek has on the Japan side about the suspected car jam.

    Here is the only shipping schedule I can find online...

    https://cdn.beforward.jp/assets/pdf/shipping_schedule_northamerica.pdf
     
  10. David Smith

    David Smith New Member

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    Looking forward to hearing what Derek has to say re: RoRo. Hopefully we don't have to wait too long.
     
  11. Dah_Hunter

    Dah_Hunter Looking over your shoulder, so you dont have to.

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    Looks like it was just a one boat bump. but that means the next one will be super full so that will bump cars back as well. i would expect a one boat delay.
     
  12. trev

    trev New Member

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    Perhaps I should hold off.
     
  13. David Smith

    David Smith New Member

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    I haven't heard any updates with regards to my car shipping.
     
  14. JSALES

    JSALES New Member

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    I was in the process of looking for a car and it seems like the vehicles rolling through the auction aren’t the best of quality right now.
     
  15. Dah_Hunter

    Dah_Hunter Looking over your shoulder, so you dont have to.

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    Im hearing 2 boat delay. so that going to be a large Back log of cars for sure. So the first week of may might be the next boat.
     
  16. David Smith

    David Smith New Member

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    Does anyone know where to find a reliable schedule for NYK coming to westminster? I can't seem to find anything that relates to canada RoRo on NYK website. Thx
     
  17. dmnd

    dmnd Gallo 24

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    The PDF schedule from BF I posted above seems to be updated as time goes by. *edit* was updated today actually. Looks like a few sailings have been cancelled... uh oh

    Ben, whenever my car arrives I will need your pick up services again!
     
  18. David Smith

    David Smith New Member

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    Been watching the doc but all sailing to Western Canada (Vancouver and New West) have been marked as 'skip'. Yikes, I wonder if that means no cars into Vancouver for the rest of the year!?
     
  19. Dah_Hunter

    Dah_Hunter Looking over your shoulder, so you dont have to.

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    That would be pretty crazy if it was that long. i feel like June or so would be the latest but who knows. I guess you could always ship container. cause those are still moving i sure.
     
  20. dmnd

    dmnd Gallo 24

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    Halifax is an option lol :D