The 991 GT3/RS Cars For Sale Thread...
#4141
Rennlist Member
Join Date: Sep 2018
Location: Massachusetts and California
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https://bringatrailer.com/listing/2018-porsche-gt3-60/
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amsmike (02-06-2022)
#4144
Wow quick turn he paid 248k, and whatever dealer paid may not be a lot of margin in there.
#4146
I was speaking to a friend from PCNA about the entire dealer ADM and prices …..he said they had a meeting and lmany dealers pushed back because they said their buying cars at very high prices on trades. Guess you trade high you will buy high it’s a push, good time to sell and not buy.
#4147
The place to get the most $ for your Porsche these days is certainly not the dealer. They may be paying a bit more then they have in the past, however, they readily admit BAT and PCar will fetch better $. A lot of people (especially in NY) prefer the dealer trade to offset the tax consequence when registering their buy. New Car minus the trade = the sales tax. With the numbers climbing, its a big savings for many!
#4148
Rennlist Member
Former owned by another RL user who sold it last June.
https://bringatrailer.com/listing/2018-porsche-gt3-60/
https://bringatrailer.com/listing/2018-porsche-gt3-60/
#4149
I was speaking to a friend from PCNA about the entire dealer ADM and prices …..he said they had a meeting and lmany dealers pushed back because they said their buying cars at very high prices on trades. Guess you trade high you will buy high it’s a push, good time to sell and not buy.
Anyhow, so are these times and unless people sober up/take a stand against stupid prices, this will keep going on for a little while.
Glad to hear that PCNA is at least trying to broach the topic, even if little progress is made.
They should be careful about long term damage to the brand though. Just saying.
#4150
The trade thing is a ruse. Yes, they are paying more for trades, but they are selling them for more and in less time as well. Does anyone think they are losing money on trades?
That being said, ADM is market driven and dealers have the right to sell them for whatever people will pay. I do believe the "shortage" is mostly artificial. Eliminate the flippers and there will be significantly more stock available and prices will drop. A lot of cars on the market right now, but not many of them are selling at these prices now. If they continue to sit much longer, prices will drop just as quickly as the ran up.
That being said, ADM is market driven and dealers have the right to sell them for whatever people will pay. I do believe the "shortage" is mostly artificial. Eliminate the flippers and there will be significantly more stock available and prices will drop. A lot of cars on the market right now, but not many of them are selling at these prices now. If they continue to sit much longer, prices will drop just as quickly as the ran up.
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mattw1093 (02-07-2022)
#4151
Rennlist Member
#4152
Fair - maybe can revise to 'eliminate the incremental amount of flippers who have taken advantage of post-COVID supply chain issues to distort the market even further' and then we'll be back to the normal level of flippers we've all tolerated for some time.
#4153
Rennlist Member
I see what you did there lol
#4154
Racer
The trade thing is a ruse. Yes, they are paying more for trades, but they are selling them for more and in less time as well. Does anyone think they are losing money on trades?
That being said, ADM is market driven and dealers have the right to sell them for whatever people will pay. I do believe the "shortage" is mostly artificial. Eliminate the flippers and there will be significantly more stock available and prices will drop. A lot of cars on the market right now, but not many of them are selling at these prices now. If they continue to sit much longer, prices will drop just as quickly as the ran up.
That being said, ADM is market driven and dealers have the right to sell them for whatever people will pay. I do believe the "shortage" is mostly artificial. Eliminate the flippers and there will be significantly more stock available and prices will drop. A lot of cars on the market right now, but not many of them are selling at these prices now. If they continue to sit much longer, prices will drop just as quickly as the ran up.
Oddly enough I'm seeing some of that in the used exotic market with other brands too. The prices aren't running up quickly but I'm seeing McLarens and Ferraris for sale getting bought and put right back up for sale by another dealership for more money. The funny thing is that in some of these cases the car sat for months at the lower price, sometimes in a high dollar market like South Florida or the Bay Area. Seems like some of these indie dealers are gonna get burnt trying to buy a car from Palm Springs to tack on $20k and sell it in the middle of Ohio.
The following 2 users liked this post by G.Irish:
keynes (02-09-2022),
Maverick787 (02-09-2022)
#4155
Textbook business operation. This just sums up that all the dealers are doing is playing with numbers for never ending greed. "Pigs" is a good way to put it.