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By "plummet" you mean approach going down to normal?
Plummeting prices normally mean good deals to be had; guess it's all relative! From what I see, GTS40 ask is now about $5k over list for 10k miles of use or less, so probably selling at about list - for a used car still pretty stout!
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Originally Posted by Tremelune
What I'm reading is that Spyders are done, but GTS 4.0s will be readily available for some time to come...as used car prices plummet globally and new car inventory catches up with demand...
Why do we keep using words like "collapse," "crash" or "plummet" when it comes to used car pricing? That's not what's happened. Yeah, it's down from record highs but a far cry from anything prior to 2022.
Why do we keep using words like "collapse," "crash" or "plummet" when it comes to used car pricing? That's not what's happened. Yeah, it's down from record highs but a far cry from anything prior to 2022.
people with agendas. Car buyers.
anyway, so many words in English have no objective and quantifiable meaning. Collapse? Exactly when? At what exact percentage off a high? There is no accepted definition.
What I'm reading is that Spyders are done, but GTS 4.0s will be readily available for some time to come...as used car prices plummet globally and new car inventory catches up with demand...
GTS 4.0 is not readily available. Moreover demand for it will likely increase as buyers look to it as a replacement for spyder and GT4.
Additionally, after falling a bit, prices for used cars are trending up again across the board.
I mean. It's certainly headed in a rapid downward direction...A lot of people were buying these cars thinking they'd profit or drive them for free...When faced with the reality of heavy depreciation over 5 years, I think the pool of buyers shrinks waaay down to those who want to buy the car to drive. They're not making Spyders anymore, but they'll be churning out the rest of them for the next year. They ain't collector cars.
As demand for these cars drops, you'll once again be able to walk into a dealership and drive away in one. I dunno if we'll ever see "normal" again from the lessons learned, but "allocations" will cease to be valuable for any but the rarest cars once again.
Tremelune -- Respect your post but know that car market prices are not headed in a downward direction any longer. See the recent Manheim auction index. Market is headed back up.
Last edited by NewKidinTown; 04-03-2023 at 06:33 PM.
I think looking at general used car auction trends (whether they be up or down) as a barometer for Porsche sports car pricing trends is probably not predictive. How much used Camrys and Accords sell for at auctions across the country really doesn't have a lot of bearing on how much ADM a dealer will charge for a GTS 4.0 or GT4 RS allocation, or how much used GT4s will sell for.
Apparently the Consumer Price Index of used cars dropped 3% in February and 14% in the last year. I'm not smart enough to interpret all these numbers, but they don't seem to be in concert with one another.
actually I think there is a very telling sign on the downward market. Porsche financial put the residual of GT4RS at 61% at 39 months and 26% at 60 months. That is a very conservative estimation of what the car is worth in Porsche's own eyes.
actually I think there is a very telling sign on the downward market. Porsche financial put the residual of GT4RS at 61% at 39 months and 26% at 60 months. That is a very conservative estimation of what the car is worth in Porsche's own eyes.
their residuals are always low, so the dealer makes more money on the resale after lease return.
As mentioned, Porsche lease residuals have always been awful and should not be used as an indicator of a downward market
Originally Posted by ilovegt
actually I think there is a very telling sign on the downward market. Porsche financial put the residual of GT4RS at 61% at 39 months and 26% at 60 months. That is a very conservative estimation of what the car is worth in Porsche's own eyes.
I mean. It's certainly headed in a rapid downward direction...A lot of people were buying these cars thinking they'd profit or drive them for free...When faced with the reality of heavy depreciation over 5 years, I think the pool of buyers shrinks waaay down to those who want to buy the car to drive. They're not making Spyders anymore, but they'll be churning out the rest of them for the next year. They ain't collector cars.
As demand for these cars drops, you'll once again be able to walk into a dealership and drive away in one. I dunno if we'll ever see "normal" again from the lessons learned, but "allocations" will cease to be valuable for any but the rarest cars once again.
Curious what you consider collector cars. Ignoring recent trends, GT cars have always managed to maintain their value over the long term. Not to mention the 718 platform is going full EV. Porsche is currently one of the few companies making a mid-engine sports car nowadays and it has the pedigree that a lot of the other companies don't have. I would be surprised if we'll ever get to a point where you can just walk into a dealership and drive away with a new GT4/Spyder. As many have pointed out, all allocations for the final production run have already been handed out or are being held by dealerships hoping to make some extra money. But they are also on a time limit and there are still plenty of people on waitlists. There won't be enough GT4/Spyders made where you can just walk in and buy one.
As far as i know, Porsche have always worked on an allocation system, even for their base models. it's because they pride themselves on the custom experience. The whole reason you could walk into a dealership and buy a base cayman in the past is because a lot of dealerships would take allocations and make dealership specs to entice people who didn't want to wait a few months for their new car. But its still an allocation they had to get.
04-02-2023, 11:31 AM
