Adrift

@dmk2 As I understand it, it’s the good old US gov you should be mad at. They are the ones that prevent Porsche from keeping their US dealers in line. I just read there is some law that prevents Porsche from disciplining dealers that charge ADM.

USA USA USA

Ksdaoski

100k+25k ADM or 170k+100k ADM?

pfbz

Again, no.

They are still getting $20K ADM on regular C8's. Expect early Z06's to have closer to that $100K ADM.

These crazy ADM's suck, but it is *definitely* not a Porsche only problem. Across the board for anything higher end and desirable.

John Tianqi Zhu

so far i saw a 150k adm on a gt4 rs. wow

G.Irish

Auto franchise laws do prevent Porsche from doing some things, but the bottom line is that they could crack down on ADM's if they wanted to. Porsche could switch to a system where future allocations get cut if a dealer charges markups for example.

Who knows how they view it internally. The markups tell Porsche that they can raise prices, and it supercharges demand for upcoming models. It also makes dealers fat and happy so Porsche doesn't need to give them many incentives and maybe dealers don't grouse as much when Porsche requires dealership upgrades.

Honestly I'm not convinced restricting markups will help all that much if supply is well short of demand. Dealers can just sell to indie dealers and take a cut when the indie sells at a markup. Or you get into the situation where they'll want you to buy some cars you don't want in exchange for an allocation. Or you end up not being able to get an allocation without significant buying history.

The only real solutions are for Porsche to increase supply, or for demand to cool down. If less people pony up for big markups, dealers will back off of them. Or if enough people switch to other brands. It is in Porsche's best interests to increase supply so I imagine we'll see some improvements on that front in 2022.

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John Tianqi Zhu

the market is the market. As a consumer you feel entitled to get discounted below msrp but when it goes up we feel cheated when it’s above. I don’t think I’d pay more adm than I would for a gt3 though.

G.Irish

True, but no one is out there getting 60% discounts on any new car whereas these markups are 60% or more over msrp on the high end.

John Tianqi Zhu

I don’t like it like everyone else. I won’t be able to get a gt4 at least until 2023 or most likely 2024. But unfortunately this is just supply/demand. It’s similar to all those homes selling for above list. Strange practice to list such a low price.

Diablo Dude

Interesting that someone says they got an allocation. My local dealer isnt expecting any news till the end of the month.

2slow2speed

Weren't you on the CIOCCA thread on CF for the C8 Z06, didn't you try to put your name down for a C8 Z06 at MSRP?

If you go with some of the MSRP dealers you can purchase a C8 at MSRP with a wait time of about a year, there are folks on CF that are well on their way to their 2nd or 3rd C8 all purchased at MSRP.

The C8 is a mass produced car, same will go for the C8 Z06. Eventually folks will be able to purchase one at MSRP (2-3 years down the road).

The same can not be said about Porsche GT cars that have volumes that are 10%~20% of what GM produces.

Knutsm01

Until someone in the US (non VIP) posts something showing v200 from the Porsche system it’s all hearsay.

pfbz

As you know, day 1 Ciocca Z06 deposits still yielded a multi-year wait. Those lucky enough to get a first year slot had wires received literally within seconds of them accepting them. The other big volume MSRP dealers now also have Z06 lists that will likely last longer than production.

C8 non Z06 at MSRP in about a year? Yes.
C8 Z06 new at MSRP = 3+ years.
C8 Z06 new first six months of production from a FU chevy dealer? Easily sticker +$100K.

But I do absolutely agree that eventually C8 corvettes, likely including the Z06, will be well below sticker. while some limited production Porsche GT cars will keep their value much, much longer.

Again, my point isn't at all comparing GM to Porsche or production levels, or merit. Just pointing out yet again that Porsche is far from alone in extracting obscene ADM's

G.Irish

I tried to wire a deposit to Ciocca too but ended up number 1800+

If you're trying to get a car from on of the big MSRP dealers you're probably gonna be waiting a lot longer than a year. The upside is that there are a lot more Chevy dealers so maybe there are still some hidden gems out there but I'd wager that the Z06 markups are gonna be larger than they've ever been for a Corvette for at least 2 years.

Especially because I think this Z06 is gonna pull in a lot of more affluent customers who normally wouldn't have even considered a Corvette.

jmartpr

It's probably that the dealer has a secured build slot and they just allocate it to their customers....but it's not tied to an actual allocation with a configuration. At least that's my case.
My dealer is expecting those build slots to be converted into actual allocation end of month or February.

steve0827

My dealer is also saying they haven't received allocations and will that they'll keep me posted. Maybe certain territories are getting them before others...or it's slimy dealers testing the market of ridiculous ADMs in advance of a broader allocation release.