colnagoG60

Possibly not. Looks like Germany is going into partial/full shutdown again due to COVID cases going up.

OttawaSteve

Where did you see that? I cannot find any reference to a shutdown. Furthermore, the 16 German States have veto rights over a federal edict and they are using it.

Archimedes

No, you sign a deposit agreement, which means nothing other than documenting that you made a deposit in case it needs to be refunded.

pitt911

This generation GT4/Spyder are not selling as well as previous generation.
IMO multiple reasons :
The first gen was a novelty, so demand was higher . Similar situation happened with BMW M2 , and Mustang GT350
More options are available at the price range. 911.1 GT3 , MB GTS, MC 650 , 570 etc I know they are all different cars, but more options decrease demand as people consider/buy other options
Possible economy downturn related to Covid... Not a lot of people are spending 120 k on a weekend car
Having said that, they are still selling well and they are very good cars for the money.

VVG

California from SF down to SD constitutes the majority of the high-end car market in the US. Not surprised to see this. How many GT4 and Spyders do you think there are in Arkansas or Nebraska?

colnagoG60

Mentioned on CNBC today.

TXshaggy

Wow...so you don’t know what you’re paying until your car arrives and you’re sitting in finance? Yikes...not my cup of tea

TRZ06

Yep, THIS!!

California is its own economy, and even within California, So. Cal and Silicon Valley are yet in another bubble economy.

Lots of money in both locations and lots of high end dealers catering to them.

I contacted 2 local dealers 2 weeks ago and both wanted to take my GT4 order that day and one even went $500 under MSRP without any negotiating. Now, the market may be a little different for the Spyder, but the GT4 (at least in the Bay Area) is easy to come by.

Archimedes

You know what you're paying, because you agree to that up front, you just don't have a legally binding agreement that compels either party to complete the transaction. Note, dealers don't typically pull out of these things. It's there to protect the consumer.

Archimedes

It's easy to come by only if you're willing to accept the dealers build, which most people aren't at this price. I've seen all the cars listed available in the Bay Area and would have had zero interest in any of them, save for the one at Marin, and I still would have wanted a serious discount on that one because it wasn't close to my preferred build. Porsches are a la carte cars with ridiculous option prices. It's no surprise that dealer builds and/or buyer drops are going to gather dust for while and often have to sell at a discount. Most buyers are unwilling to pay for expensive options that they don't want or take a car without important options they do want. Getting the car you really want is not easy to come by, in the Bay Area or anyway else. Lots of wacky builds out there on AT.

Case in point. My local dealer has two GT4s in stock, but they're $130k builds and both have Aurum wheels. It's going to take a specific buyer for those cars, though they seem to have had no trouble on a similar car already.

TXshaggy

Oh ok, so you have a purchase agreement. I already acknowledged such above that it’s not legally binding. Jeez no need to obfuscate

Archimedes

You said 'so you don't know what you're paying'. Which is not correct.

Here's how it works. I go down to my dealer, ask for an allocation, they give it to me. We agree on a price and a deposit. I put down the deposit and we sign a form that documents that I have left them a deposit for a car. The price of the car is not on that form, and it wouldn't matter if it was, because it's not a purchase agreement under California law. The agreement on price is based on their word, however, I've never, ever heard of a California dealer reneging on it and pulling a car from a buyer. That would be super bad form and extremely unusual. The buyer has an agreed car and price, just not the ability to legally enforce it - business reputation does that for them. What they do have is the ability to walk away whenever they want before the moment they pick up the car.

Westcoast

So this is part (or possibly most) of the reason there are 9 GT4's sitting at Porsche San Diego, buyers simply decided 'nah, not today'? Considering the overwhelming opinion that most of these GT cars stuck on the lots are bloated with options or colour combinations that many find objectionable it kind of leaves the dealer holding the bag doesn't it?

Archimedes

Yup. Though I imagine a fair number of them are dealer builds rather than customer cars. Who knows.

TXshaggy

Could have just said deposit receipt and verbal agreement...brevity is always appreciated!