RapidGT

Former owned by another RL user who sold it last June.

https://bringatrailer.com/listing/2018-porsche-gt3-60/

Brian4lev

Super nice car w a sharkwerks exhaust. They won’t come off 259k. big spec

amsmike

That is my old car. I sold it on BAT last year and that buyer sold it to Irvine Porsche recently.

Maverick787

Wow quick turn he paid 248k, and whatever dealer paid may not be a lot of margin in there.

Brian4lev

Agreed which is why they aren't coming off their ask. Super nice car! Thinking about this one for sure. A beauty nonetheless whoever lands this one!

Maverick787

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.

Brian4lev

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!

_RS_

$238k MSRP! When I said a nice build I wasn't expecting the custom tailoring part.

GTTROIS

This is really the “chicken and the egg” story as I would argue that the trade-ins started to be expensive when people saw how much new cars were selling OVER MSRP.

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.

Salespunk

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.

clavery1322

partially true, but there will always be flippers/brokers buying regardless of the market conditions.

maroli

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.

clavery1322

I see what you did there lol

G.Irish

Yeah it seems like a lot of buying activity is brokers, flippers, and dealers buying cars from each other because they think they can leverage regional arbitrage or cash in on rising prices. Some 992 GT3's have already traded hands twice and are on sale a third time with less than 1000 miles. Don't know how fast prices are gonna fall but barring other supply chain disruptions I don't think prices are gonna trend higher from here.

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.

911dude41

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.