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It's all about strategy. In the old days Porsche was the drivers car. A lot of car for the money and relatively cheap to maintain. Now I see more and more Ferrari signs...
Hype/garage queens/ talking value more than driving.
So the question is. Is it worth loosing the hard core Porsche fans and go after the Ferrari clientele?
I guess we have to wait and see...... To me it would be a lot more fun to see as many 991RS on track days. Which means making more cars and selling them to enthusiasts at MSRP.
The answer is no,
P is all about the brand and it's now under the VW roof
I just checked Gt3 price on cars.com and autotrader.ca
997.2 are asking above 200K US.
991 GT3 are asking above msrp.
997.1rs are asking around 170K US.
so 10K over for a 991 rs isn't bad at all.
Here in Vancouver dealer are not allowed to charge over MSRP for new cars but used 991 GT3 are selling at 20K over MSRP. and if you have a 997.2 rs can trade in to dealer you almost will pormised to get a 991 rs. They will take it over than cash. Crazy world.
PCNA sold about 10,529 (includes some 918 delivers as not split out by PCNA) out of 31,590 global 911s in 2014 - this implies about 667 cars for PCNA if 2,000 is correct.
PCNA sold about 10,529 (includes some 918 delivers as not split out by PCNA) out of 31,590 global 911s in 2014 - this implies about 667 cars for PCNA if 2,000 is correct.
But we have the strongest currency and economy in 2015 so I'd expect at least 50% sold to the US.
I just checked Gt3 price on cars.com and autotrader.ca
997.2 are asking above 200K US.
991 GT3 are asking above msrp.
997.1rs are asking around 170K US.
so 10K over for a 991 rs isn't bad at all.
Here in Vancouver dealer are not allowed to charge over MSRP for new cars but used 991 GT3 are selling at 20K over MSRP. and if you have a 997.2 rs can trade in to dealer you almost will pormised to get a 991 rs. They will take it over than cash. Crazy world.
Here in Ontario, dealers have a few used 991 GT3's at about 20K - 25K over MSRP. Never thought I would see it here.
But we have the strongest currency and economy in 2015 so I'd expect at least 50% sold to the US.
On a spot basis yes, but they make use of both financial hedges and natural hedges so not sure how much of the currency difference they'll see for a single model year.
Here's a small part from the 2014 Annual Report:
"We hedge proactively against future foreign currency income to ensure a stable planning basis. To do so, we secure all key currencies in which we generate revenues. This currency hedging is particularly important in cases in which the euro gains in value against a currency, such as is the case with the ruble right now. These hedges have been an important factor in ensuring that Porsche is at least partially protected against the current dramatic fall of the Russian currency."
On a spot basis yes, but they make use of both financial hedges and natural hedges so not sure how much of the currency difference they'll see for a single model year.
Here's a small part from the 2014 Annual Report:
"We hedge proactively against future foreign currency income to ensure a stable planning basis. To do so, we secure all key currencies in which we generate revenues. This currency hedging is particularly important in cases in which the euro gains in value against a currency, such as is the case with the ruble right now. These hedges have been an important factor in ensuring that Porsche is at least partially protected against the current dramatic fall of the Russian currency."
I get that, the larger the corporate and more foreign based revenues the more that a company will hedge. However, the currency swing was sharp and fast and I would bet you that PAG wasn't able to get fully hedged and they probably hedge against the euro rising not falling so the lower the euro goes the net better off they are. Hence why you heard many large US companies blaming revenue and profit growth on the strong US dollar. I just don't buy that the US will see only 700 RS cars, especially when 918 owners could get dibs on 40% of that total.
Halo cars are produced to create buzz around the brand. I personally doubt there will be more than a handful of further '16 allocations. A 100 cars or so either way doesn't matter to Porsche.
Halo cars are produced to create buzz around the brand. I personally doubt there will be more than a handful of further '16 allocations. A 100 cars or so either way doesn't matter to Porsche.
Agreed, but to me the halo car for this generation is the 918 not the RS. Just as 4.0 was to the 997 GT generation.
I get that, the larger the corporate and more foreign based revenues the more that a company will hedge. However, the currency swing was sharp and fast and I would bet you that PAG wasn't able to get fully hedged and they probably hedge against the euro rising not falling so the lower the euro goes the net better off they are. Hence why you heard many large US companies blaming revenue and profit growth on the strong US dollar. I just don't buy that the US will see only 700 RS cars, especially when 918 owners could get dibs on 40% of that total.
They're probably running a rolling hedge between 18 to 24 months out on a good percentage of their revenue which would be considered pretty sticky. To me this would be a typical hedge approach.
I was told the number would be between 625 and 725 back in October 2014 - decisions were made early before a lot of the EUR/USD devaluation and the 2014 unit volumes were final.
Guys I feel this thread has been completely derailed. It has turned into a bitch fest about PAG, PCNA, Euro, market forces and everything in between!!! I just wanted to know if anyone knows of a dealer that's willing to take a deposit for a possible second round of allocation release or a face lifted 991.2 or 992 RS. I just picked up my GT3 recently a car that I waited patiently for about a year and a half. I'm extremely happy and greatful that I can enjoy this car. I'm not the kind of person who has to have the latest and greatest. I'm just learning this allocation game and wanted to be on a list somewhere so when the music stops in this musical chair game I won't be left standing around and holding my b@lls the next time around.
They're probably running a rolling hedge between 18 to 24 months out on a good percentage of their revenue which would be considered pretty sticky. To me this would be a typical hedge approach.
I was told the number would be between 625 and 725 back in October 2014 - decisions were made early before a lot of the EUR/USD devaluation and the 2014 unit volumes were final.
That's interesting...but I remember reading somewhere that the number of 997 RS sales were approx. 60% of the total non-RS sales. So if you figure PCNA sold about 2,000 991 GT3s that would mean 1,200 991RSs, right? If they only do end up only selling around 700 RSs (with about 300 going to 918 owners) that's a real shame for the rest of us that are willing and able to buy one.
Anyhow, now that I know how the game is played...I have my one for the .2 GT3/4 cars at 3 dealers and will put my name down for the 992 GT3/4 cars when the time comes. Who knows, I may be willing to offer up my unicorn 1 of 1 PTS car as trade bait for a 991 RS to a collector who has a 991.1RS.
07-14-2015, 07:29 AM
But I am on the waiting list with no hope to get one 
