Market Glut....GT3 and gt3rs ?
04-14-2017, 07:18 PM
#46
Rennlist Member
Originally Posted by C.J. Ichiban
As a dealer I can say that inventory is a double edged sword.
I had a guy drop of his 2011 Turbo coupe for service and came upstairs to see my inventory. I introduced myself as the new owner and he tried to big league me and say that last time he was in the market (2011) he came in, asked to see a turbo, they didn't have one, and when they offered to build one for him, he said no screw it I will drive to LA to buy one.
"Looks like you have way better inventory now so maybe you will have one in stock when I feel like buying again"
I said "well sir here is my card, if you want to support a local business I'd love to earn it"
"No that's cool if I want a car I will stop by, if you don't have it I'll just buy one from LA again"
Ok gotcha
I had a guy drop of his 2011 Turbo coupe for service and came upstairs to see my inventory. I introduced myself as the new owner and he tried to big league me and say that last time he was in the market (2011) he came in, asked to see a turbo, they didn't have one, and when they offered to build one for him, he said no screw it I will drive to LA to buy one.
"Looks like you have way better inventory now so maybe you will have one in stock when I feel like buying again"
I said "well sir here is my card, if you want to support a local business I'd love to earn it"
"No that's cool if I want a car I will stop by, if you don't have it I'll just buy one from LA again"
Ok gotcha
04-14-2017, 08:10 PM
#47
The sad part is douche bags like that get GT allocations at msrp or will pay over because they see on in the showroom.
04-14-2017, 08:22 PM
#48
Douche bags gonna douche...
But if I can't get an allocation at MSRP
I'm gonna end up paying something over
If that's d-baggy,
Means a lot of us are douches
But if I can't get an allocation at MSRP
I'm gonna end up paying something over
If that's d-baggy,
Means a lot of us are douches
04-14-2017, 10:50 PM
#50
Rennlist Member
I don't understand what dealers don't understand about supply & demand. Too many car = downtrend in pricing power. Let them try & be ****** & they can sit on product.
04-15-2017, 01:56 AM
#51
My dealer just sold one of their two remaining brand new '16 RS's waaayyyy over sticker. Non-PTS car, $205k-ish sticker. Premium paid was large. I promised my SA I wouldn't disclose the exact amount, but suffice it to say, it was a big premium. So there are still people out there paying big money for new RS's. Shocked me.
04-15-2017, 02:19 AM
#52
Race Director
Originally Posted by Archimedes
My dealer just sold one of their two remaining brand new '16 RS's waaayyyy over sticker. Non-PTS car, $205k-ish sticker. Premium paid was large. I promised my SA I wouldn't disclose the exact amount, but suffice it to say, it was a big premium. So there are still people out there paying big money for new RS's. Shocked me.
04-15-2017, 02:59 AM
#53
Maybe I can sell my UV RS via consignment up in NorCal for $275k...
04-15-2017, 03:00 AM
#54
My dealer just sold one of their two remaining brand new '16 RS's waaayyyy over sticker. Non-PTS car, $205k-ish sticker. Premium paid was large. I promised my SA I wouldn't disclose the exact amount, but suffice it to say, it was a big premium. So there are still people out there paying big money for new RS's. Shocked me.
04-15-2017, 10:28 AM
#55
Originally Posted by usctrojanGT3
My guess...one of those mainland chinese rich kids who come over with mommy and daddy's money while going to school.
This is a great investment. You will never loose money buying this car. I'm telling you, yada yada yada.
04-15-2017, 12:27 PM
#56
Nordschleife Master
I don't know if anyone said this but...
An RS is an RS.
As the markups on the .2 increase so will the prices on the RS climb.
I saw the RS at the VIP dealer night on Thursday at the New York Jacob Javits. Its beautiful and hot! But so was the .1. Looks just like the .1 except for the rear scoops. Wing looks a smig higher. A smig. Thats to my trained eye.
Tires on the .2 GT3 are also 245s and 305s.
Tires on .1 RS are 265s and 325s with wider tracks front and rear.
An RS is an RS.
As the markups on the .2 increase so will the prices on the RS climb.
I saw the RS at the VIP dealer night on Thursday at the New York Jacob Javits. Its beautiful and hot! But so was the .1. Looks just like the .1 except for the rear scoops. Wing looks a smig higher. A smig. Thats to my trained eye.
Tires on the .2 GT3 are also 245s and 305s.
Tires on .1 RS are 265s and 325s with wider tracks front and rear.
04-15-2017, 02:07 PM
#57
Addict
Rennlist Member
Rennlist Member
Unfortunately from what I'm seeing everything is slowly trending downward in the car market. The easy access to car financing has caused a bit of turmoil for the banks and that will likely lead to more stringent lending which will take a percentage of people out of the equation. Still Porsche has a knack for producing just the right amount of sports cars to keep the demand hot so obviously we won't see much of a price drop in their cars. But as they start reducing production of their sports cars they'll need to fill the gap with something else so it's almost a guarantee that they'll add another model to the lineup within the next 2 years....hence the Mission E and possibly another model to keep profits going up. My opinion of course but that's how I'm currently reading things.
04-15-2017, 02:51 PM
#58
Unfortunately from what I'm seeing everything is slowly trending downward in the car market. The easy access to car financing has caused a bit of turmoil for the banks and that will likely lead to more stringent lending which will take a percentage of people out of the equation. Still Porsche has a knack for producing just the right amount of sports cars to keep the demand hot so obviously we won't see much of a price drop in their cars. But as they start reducing production of their sports cars they'll need to fill the gap with something else so it's almost a guarantee that they'll add another model to the lineup within the next 2 years....hence the Mission E and possibly another model to keep profits going up. My opinion of course but that's how I'm currently reading things.
04-15-2017, 02:56 PM
#59
Instructor
Autotrader 2014-2015:
123 Turbo/Turbo S
108 GT3/GT3RS
Seems to be a glut of cars to me. $151k average price for the GT cars.
Only 6 2011-2012 997 GTS coupes for sale. (zero 2012's) I think I will keep that one and keep writing letters to PCNA to see if I can get a 991.2GT3 allocation...#keepinggt3msrphopealive
agreed...tough to bargain with all of this liquidity flying around. If your income goes down by 10% but asset values decline by 40% are you better off? yes
123 Turbo/Turbo S
108 GT3/GT3RS
Seems to be a glut of cars to me. $151k average price for the GT cars.
Only 6 2011-2012 997 GTS coupes for sale. (zero 2012's) I think I will keep that one and keep writing letters to PCNA to see if I can get a 991.2GT3 allocation...#keepinggt3msrphopealive
The economy is just too good.
04-15-2017, 03:03 PM
#60
Burning Brakes
Autotrader 2014-2015:
123 Turbo/Turbo S
108 GT3/GT3RS
Seems to be a glut of cars to me. $151k average price for the GT cars.
Only 6 2011-2012 997 GTS coupes for sale. (zero 2012's) I think I will keep that one and keep writing letters to PCNA to see if I can get a 991.2GT3 allocation...#keepinggt3msrphopealive
agreed...tough to bargain with all of this liquidity flying around. If your income goes down by 10% but asset values decline by 40% are you better off? yes
123 Turbo/Turbo S
108 GT3/GT3RS
Seems to be a glut of cars to me. $151k average price for the GT cars.
Only 6 2011-2012 997 GTS coupes for sale. (zero 2012's) I think I will keep that one and keep writing letters to PCNA to see if I can get a 991.2GT3 allocation...#keepinggt3msrphopealive
agreed...tough to bargain with all of this liquidity flying around. If your income goes down by 10% but asset values decline by 40% are you better off? yes