Notices
991 GT3, GT3RS, GT2RS and 911R 2012-2019
Sponsored by:
Sponsored by:

New GT3/GT2RS Leads With/Without ADM

Thread Tools
 
Search this Thread
 
Old 03-13-2019, 05:30 PM
  #4141  
Nizer
Rennlist Member
 
Nizer's Avatar
 
Join Date: Feb 2006
Location: Wishing I Was At The Track
Posts: 13,519
Received 1,729 Likes on 916 Posts
Default

Originally Posted by usctrojanGT3
Thank goodness we have a few folks on here that provide us real data on how many cars have been built.
You want real data watch the auctions. No reserve GT2 RS just hammered out at $320k, which means seller netted around $305k; below MSRP. Note that the figure Gooding shows here is with buyer fees included.

https://www.goodingco.com/vehicle/20...2-rs-weissach/
Old 03-13-2019, 05:48 PM
  #4142  
usctrojanGT3
Rennlist Member
 
usctrojanGT3's Avatar
 
Join Date: Feb 2013
Posts: 16,271
Received 3,802 Likes on 2,167 Posts
Default

Originally Posted by ChicagoWhale


No they don’t.

However, dealers know it is highly unlikely they would get additional GT allocations if they don’t have buyers for their current allocations. Despite some of the claims in this forum, dealers do not order GT cars for existing clients without their knowledge. Porsche often sends gifts and correspondences to GT buyers beforehand so the last thing a dealer would want is a gift sent to an unsuspecting client who then demands the car.
That makes sense, so that means one of 2 things is happening....1) the dealer shows that they don't have a buyer (then to your point Porsche should cut off their allocations because they have no demand for their GT cars) OR 2) they use shill buyers names like sales people or their friends/family. Am I correct in my assumption?
Old 03-13-2019, 05:50 PM
  #4143  
usctrojanGT3
Rennlist Member
 
usctrojanGT3's Avatar
 
Join Date: Feb 2013
Posts: 16,271
Received 3,802 Likes on 2,167 Posts
Default

Originally Posted by Nizer
You want real data watch the auctions. No reserve GT2 RS just hammered out at $320k, which means seller netted around $305k; below MSRP. Note that the figure Gooding shows here is with buyer fees included.

https://www.goodingco.com/vehicle/20...2-rs-weissach/
Yup, I saw that. It should goes to strengthen my claim that GT2RSs will be selling below MSRP shortly (as well GT3s and GT3RSs...I'm not just bagging on GT2RSs). The main reason for that is that Porsche built a lot more cars than people thought they would which has caused the tide to come in which will expose those folks with no shorts.
Old 03-13-2019, 05:55 PM
  #4144  
usctrojanGT3
Rennlist Member
 
usctrojanGT3's Avatar
 
Join Date: Feb 2013
Posts: 16,271
Received 3,802 Likes on 2,167 Posts
Default

Originally Posted by joejenie
This is funny. Socialist thinking. Anti-Capitalist. No thanks. Maybe CA is rubbing off on you? I do the same thing in Real estate. When times get good for building houses, I start building more spec homes because it is easier not dealing with a customer and I can charge market rate at the end rather than selling it a year earlier to only find out my costs went up. These dealers are doing similar. They feel like they can get market price when it shows up and don't have to deal with a buyer calling them every week wondering if the car is V200 or V300, etc. Don't blame them. I wouldn't let anyone order if I was the owner. Of course, this idea changes when sales get tougher....
Oh believe me, I'm all for capitalism. The difference between you and Porsche dealers is that you can't play the scarcity game with your homes because you are a market taker of the real estate market where the Porsche dealers can create a false scarcity making it seems like there's little demand (aka being market makers). I'm not saying that the dealers collude with themselves (an Anti-Trust issue) but many of them practice the same strategy knowing full well what the results will be. However, that only works to a certain point and in the case of GT cars it's when buyers realize that there are a lot of cars for sale (you can't hide that).

Last edited by usctrojanGT3; 03-13-2019 at 06:31 PM.
Old 03-13-2019, 06:20 PM
  #4145  
konaforever
Burning Brakes
 
konaforever's Avatar
 
Join Date: Jul 2015
Posts: 1,097
Received 174 Likes on 86 Posts
Default

Originally Posted by Nizer
You want real data watch the auctions. No reserve GT2 RS just hammered out at $320k, which means seller netted around $305k; below MSRP. Note that the figure Gooding shows here is with buyer fees included.

https://www.goodingco.com/vehicle/20...2-rs-weissach/
Link indicates: SOLD $357,000
Old 03-13-2019, 06:36 PM
  #4146  
Nizer
Rennlist Member
 
Nizer's Avatar
 
Join Date: Feb 2006
Location: Wishing I Was At The Track
Posts: 13,519
Received 1,729 Likes on 916 Posts
Default

Originally Posted by usctrojanGT3
Yup, I saw that. It should goes to strengthen my claim that GT2RSs will be selling below MSRP shortly (as well GT3s and GT3RSs...I'm not just bagging on GT2RSs). The main reason for that is that Porsche built a lot more cars than people thought they would which has caused the tide to come in which will expose those folks with no shorts.
I think Porsche was pretty clear about the number of cars they would build. I also think they're appropriate numbers but unfortunately some dealers are working to keep cars out of real buyer's hands.

Originally Posted by konaforever
Link indicates: SOLD $357,000
Read my post again.

Car hammered at $320k. The $357k figure includes the ~12% buyers premium. On the other side the seller walked away with $304ish - $320 less the 5% seller concession (not including costs to get car there and prepped) . The only real winner in this transaction is the auction house but at least the buyer can look at "advertised" prices for a while and feel like he got a good deal.
Old 03-13-2019, 06:40 PM
  #4147  
white6speed
Rennlist Member
 
white6speed's Avatar
 
Join Date: Jan 2016
Posts: 1,488
Received 172 Likes on 97 Posts
Default

10% buyers premium, total of 20%. Auctions share the pain for the buyer and seller.
Old 03-13-2019, 06:54 PM
  #4148  
konaforever
Burning Brakes
 
konaforever's Avatar
 
Join Date: Jul 2015
Posts: 1,097
Received 174 Likes on 86 Posts
Default

Originally Posted by Nizer
Read my post again.

Car hammered at $320k. The $357k figure includes the ~12% buyers premium. On the other side the seller walked away with $304ish - $320 less the 5% seller concession (not including costs to get car there and prepped) . The only real winner in this transaction is the auction house but at least the buyer can look at "advertised" prices for a while and feel like he got a good deal.
I understood your post, but it's misleading. The buyers premium is the real market price, since that's what was paid by the end user. They didn't buy it at the discounted price. The auction house acted as a middle man in the transaction. Obviously the seller didn't get the sold price, but that's because of the transaction fee in the case of an auction.
Old 03-13-2019, 07:32 PM
  #4149  
Nizer
Rennlist Member
 
Nizer's Avatar
 
Join Date: Feb 2006
Location: Wishing I Was At The Track
Posts: 13,519
Received 1,729 Likes on 916 Posts
Default

Originally Posted by konaforever
I understood your post, but it's misleading. The buyers premium is the real market price, since that's what was paid by the end user. They didn't buy it at the discounted price. The auction house acted as a middle man in the transaction. Obviously the seller didn't get the sold price, but that's because of the transaction fee in the case of an auction.
Never said the buyer got a discount. Car hammered at $320, buyer paid $357, seller netted ~$304, auction house pocketed the difference. Hope that clears up any confusion.
Old 03-13-2019, 08:05 PM
  #4150  
hf1
Rennlist Member
 
hf1's Avatar
 
Join Date: Apr 2012
Location: Northeast
Posts: 10,392
Likes: 0
Received 1,639 Likes on 1,122 Posts
Default

Originally Posted by joejenie
This is funny. Socialist thinking. Anti-Capitalist. No thanks. Maybe CA is rubbing off on you? I do the same thing in Real estate. When times get good for building houses, I start building more spec homes because it is easier not dealing with a customer and I can charge market rate at the end rather than selling it a year earlier to only find out my costs went up. These dealers are doing similar. They feel like they can get market price when it shows up and don't have to deal with a buyer calling them every week wondering if the car is V200 or V300, etc. Don't blame them. I wouldn't let anyone order if I was the owner. Of course, this idea changes when sales get tougher....
You’re confused. Franchise laws FORCE manufactirers to sell through dealers. Capitalism would be if/when anyone was free to sell to whoemever they want or directly to the highest bidder. A dealer getting 10 allocations (below market, at invoice) for himself, then attaching obscene adm’s to them thus creating fake scarcity is not capitalism — it’s crony capitalism at best, and (dealer) socialism at worst.
Old 03-13-2019, 08:53 PM
  #4151  
konaforever
Burning Brakes
 
konaforever's Avatar
 
Join Date: Jul 2015
Posts: 1,097
Received 174 Likes on 86 Posts
Default

Originally Posted by Nizer
Never said the buyer got a discount. Car hammered at $320, buyer paid $357, seller netted ~$304, auction house pocketed the difference. Hope that clears up any confusion.
yup! 👍
Old 03-13-2019, 08:59 PM
  #4152  
Avalon911
Racer
 
Avalon911's Avatar
 
Join Date: Jan 2018
Location: Kennett Square, PA and Avalon, NJ
Posts: 395
Received 60 Likes on 31 Posts
Default

Originally Posted by Nizer
Never said the buyer got a discount. Car hammered at $320, buyer paid $357, seller netted ~$304, auction house pocketed the difference. Hope that clears up any confusion.
Relevant "market price" in this case was $357k, not your $320k number.
Old 03-13-2019, 09:21 PM
  #4153  
hf1
Rennlist Member
 
hf1's Avatar
 
Join Date: Apr 2012
Location: Northeast
Posts: 10,392
Likes: 0
Received 1,639 Likes on 1,122 Posts
Default

Originally Posted by Avalon911
Relevant "market price" in this case was $357k, not your $320k number.
Why? Why wouldn’t the “relevant market price” be the $304k that the seller received? The seller was selling in the “market” just as much as the buyer was buying in it, no?
Old 03-13-2019, 09:25 PM
  #4154  
Freddie Two Bs
Drifting
 
Freddie Two Bs's Avatar
 
Join Date: Oct 2014
Posts: 3,256
Received 462 Likes on 294 Posts
Default

I don't get the point of auctioning current model cars. If that seller had posted the car at $325k firm here on rennlist he probably would have sold at that price within a week or two. What did the buyer and seller achieve by crossing at an auction aside from pissing money away.
Old 03-13-2019, 09:29 PM
  #4155  
usctrojanGT3
Rennlist Member
 
usctrojanGT3's Avatar
 
Join Date: Feb 2013
Posts: 16,271
Received 3,802 Likes on 2,167 Posts
Default

Originally Posted by rick brooklyn
I don't get the point of auctioning current model cars. If that seller had posted the car at $325k firm here on rennlist he probably would have sold at that price within a week or two. What did the buyer and seller achieve by crossing at an auction aside from pissing money away.
Not dealing with tire kickers and low ballers is the only reason that I can think of. The seller would have been even better offer selling the car through a broker.


Quick Reply: New GT3/GT2RS Leads With/Without ADM



All times are GMT -3. The time now is 01:41 AM.