New/Used Inventory GT4, Spyder, GTS for Sale
#856
Rennlist Member
While that is technically true, once the tax was announced the dealers pretty much added it directly to the value of the used cars.
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TXshaggy (02-13-2023)
#857
Rennlist Member
For people who got an allocation at MSRP, it’s great. I looked for a manual Boxster GTS 4.0 on Car Gurus and there are about a dozen nationwide in the US. All above MSRP for used ones. Some substantially higher. Supply still is an issue. I wouldn’t pay above MSRP for a new one let alone a used one built to someone else’s specifications.
#858
I would agree. The recession will affect lower income households proportionately more, not those that are buying toys like GT4's. There are more than enough cash buyers for these cars that interest rates dont affect the purchasing decision. Used car prices overall are not declining at a linear rate at all either, auction prices as reported on Bloomberg based on Mannheim data actually increased 2.5% in January. A lot of cooking model cars are still selling well over MSRP
Allocations have not been easy to get. The lack of allocations will push everyone back into the used market, having quite the opposite effect on pricing. In terms of competition the GT4 really doesn't have much, .
Allocations have not been easy to get. The lack of allocations will push everyone back into the used market, having quite the opposite effect on pricing. In terms of competition the GT4 really doesn't have much, .
Also, as with prior generations, as you get to the end of the run, the effect of much of the demand being satisfied starts to take effect and prices drop. It’s obvious that’s happening, though not to the level hoped by most naysayers. IMO, this isn’t due so much to unusual demand relative to prior years, but more due to sellers unwilling to lower prices yet due to the premiums they paid for the cars. A lot of sellers seem content to sit on their cars for a long time at the moment.
#859
Rennlist Member
Any reduction in demand will reduce the market clearing price, and fewer buyers, finance or not, means less demand. And smart cash buyers will recognize this and wait things out, further contributing to downward pricing pressures.
Also, as with prior generations, as you get to the end of the run, the effect of much of the demand being satisfied starts to take effect and prices drop. It’s obvious that’s happening, though not to the level hoped by most naysayers. IMO, this isn’t due so much to unusual demand relative to prior years, but more due to sellers unwilling to lower prices yet due to the premiums they paid for the cars. A lot of sellers seem content to sit on their cars for a long time at the moment.
Also, as with prior generations, as you get to the end of the run, the effect of much of the demand being satisfied starts to take effect and prices drop. It’s obvious that’s happening, though not to the level hoped by most naysayers. IMO, this isn’t due so much to unusual demand relative to prior years, but more due to sellers unwilling to lower prices yet due to the premiums they paid for the cars. A lot of sellers seem content to sit on their cars for a long time at the moment.
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CDACH (02-13-2023)
#860
Rennlist Member
This is not the same market as any other generation. It's also very questionable whether demand has been met, supply is still certainly very low. The only time you could walk into a dealer and buy a 718 GT4 at MSRP was April - October 2020. People are not selling because there is nothing else to buy that offers the recipe the GT4 does. Sitting waiting to buy at this point is not going to yield much if anything in my view, hence why I bought one. The folks in the 'real' economy are being squeezed by inflation everywhere. But folks buying GT4's? Really not much if at all. Now the GT3 market, potentially different. Because to pay $100k ADM's your in a different stratosphere of buyer, hence 992 GT3 prices have already dropped significantly. But at $15k over for a GT4? Much more in reach. I suspect these cars will never fall materially below MSRP unless they are outliers in terms of mileage etc. I guess time will tell, regardless I don't care as I'll be busy driving it
This coupled with next gen being full electric.
Having a naturally asperated manual car is already a rare thing in todays market.
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Montaver (02-13-2023)
#861
Instructor
This is not the same market as any other generation. It's also very questionable whether demand has been met, supply is still certainly very low. The only time you could walk into a dealer and buy a 718 GT4 at MSRP was April - October 2020. People are not selling because there is nothing else to buy that offers the recipe the GT4 does. Sitting waiting to buy at this point is not going to yield much if anything in my view, hence why I bought one. The folks in the 'real' economy are being squeezed by inflation everywhere. But folks buying GT4's? Really not much if at all. Now the GT3 market, potentially different. Because to pay $100k ADM's your in a different stratosphere of buyer, hence 992 GT3 prices have already dropped significantly. But at $15k over for a GT4? Much more in reach. I suspect these cars will never fall materially below MSRP unless they are outliers in terms of mileage etc. I guess time will tell, regardless I don't care as I'll be busy driving it
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#862
This is not the same market as any other generation. It's also very questionable whether demand has been met, supply is still certainly very low. The only time you could walk into a dealer and buy a 718 GT4 at MSRP was April - October 2020. People are not selling because there is nothing else to buy that offers the recipe the GT4 does. Sitting waiting to buy at this point is not going to yield much if anything in my view, hence why I bought one. The folks in the 'real' economy are being squeezed by inflation everywhere. But folks buying GT4's? Really not much if at all. Now the GT3 market, potentially different. Because to pay $100k ADM's your in a different stratosphere of buyer, hence 992 GT3 prices have already dropped significantly. But at $15k over for a GT4? Much more in reach. I suspect these cars will never fall materially below MSRP unless they are outliers in terms of mileage etc. I guess time will tell, regardless I don't care as I'll be busy driving it
I sold mine back to my dealer at sticker a while back when I lost my storage spot, and I would not buy it back at sticker today if offered. And I could easily pay cash for any GT car I wanted.
Last edited by Archimedes; 02-13-2023 at 05:32 PM.
#863
Rennlist Member
Youre kidding yourself if you think a lot of GT4 buyers don’t finance their cars. It’s not a billionaire baller car. And the market is actually not that dissimilar to the 981, where ADMs were the norm right up to the end and then the secondary market trended down. The difference is I think it will be slower this time, but it’s already happening. People counting on getting them 20% under sticker anytime soon are fooling themselves, as are those thinking they can sell for 20% over.
I sold mine back to my dealer at sticker a while back when I lost my storage spot, and I would not buy it back at sticker today if offered. And I could easily pay cash for any GT car I wanted.
I sold mine back to my dealer at sticker a while back when I lost my storage spot, and I would not buy it back at sticker today if offered. And I could easily pay cash for any GT car I wanted.
#864
https://finder.porsche.com/ca/en-CA/...n=show_details
Is this roof wrapped ? I didn’t realize you could option a black roof. I do quite like the look tho..
Is this roof wrapped ? I didn’t realize you could option a black roof. I do quite like the look tho..
#865
Disregard - duplicate.
Last edited by Holdens; 02-14-2023 at 10:20 AM.
#866
Rennlist Member
Youre kidding yourself if you think a lot of GT4 buyers don’t finance their cars. It’s not a billionaire baller car. And the market is actually not that dissimilar to the 981, where ADMs were the norm right up to the end and then the secondary market trended down. The difference is I think it will be slower this time, but it’s already happening. People counting on getting them 20% under sticker anytime soon are fooling themselves, as are those thinking they can sell for 20% over.
I sold mine back to my dealer at sticker a while back when I lost my storage spot, and I would not buy it back at sticker today if offered. And I could easily pay cash for any GT car I wanted.
I sold mine back to my dealer at sticker a while back when I lost my storage spot, and I would not buy it back at sticker today if offered. And I could easily pay cash for any GT car I wanted.
You're kidding yourself if you think a lot of GT4 buyers don’t finance their cars.
Terry
#868
Rennlist Member
https://finder.porsche.com/ca/en-CA/...n=show_details
Is this roof wrapped ? I didn’t realize you could option a black roof. I do quite like the look tho..
Is this roof wrapped ? I didn’t realize you could option a black roof. I do quite like the look tho..
#869
Three Wheelin'
Wish I had financed mine at 2.5% percent now that treasury yields are over 5%. Paying cash is costing me around $6,000/YR in loss of use of that money. That said, it’s pretty sweet not to owe anyone anything.
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