The 991 GT3/RS Cars For Sale Thread...
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wkf94025 (11-11-2022)
#6047
2023 will be a year of reckoning for the used luxury automotive market. You will see collapse of many smaller franchises/dealers. The amount of cars sitting for over 120 days, just to be relisted and or transferred to another dealer and jack the price up 10-20k from where it sat unsold is laughable. Dealers are simply way underwater and they know it. The gig is up.
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Airbag997 (11-10-2022)
#6048
#6050
Don't forget that flooring interest rates keep going up as the Fed keeps raising rates so dealers can't sit on inventory like they used to. They can keep playing musical chairs all they want but the music will be stopping soon and there aren't enough chairs to go around.
Also, the banks that extend these flooring credit lines will quarterly reassess the dealer lot value , and if the market values of those vehicles is down let's say an aggregate $100k, the dealer has to cough up $100k or they come repossess the vehicles. My theory with all the dealer to dealer backdoor musical chairs, is many dealers are in this position and underwater, and are attempting to manipulate "market" value to stave off inevitable repo's. These are unprecedented times. but those who are patient will get smoking deals in the near future.
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cavlino (11-14-2022)
#6051
100%.
Also, the banks that extend these flooring credit lines will quarterly reassess the dealer lot value , and if the market values of those vehicles is down let's say an aggregate $100k, the dealer has to cough up $100k or they come repossess the vehicles. My theory with all the dealer to dealer backdoor musical chairs, is many dealers are in this position and underwater, and are attempting to manipulate "market" value to stave off inevitable repo's. These are unprecedented times. but those who are patient will get smoking deals in the near future.
Also, the banks that extend these flooring credit lines will quarterly reassess the dealer lot value , and if the market values of those vehicles is down let's say an aggregate $100k, the dealer has to cough up $100k or they come repossess the vehicles. My theory with all the dealer to dealer backdoor musical chairs, is many dealers are in this position and underwater, and are attempting to manipulate "market" value to stave off inevitable repo's. These are unprecedented times. but those who are patient will get smoking deals in the near future.
#6052
I've seen some massive price drops on the ultra-luxury market (Rolls/Bentley). A Continental GT V8S I looked at a few months back was listed at $129.9k, I thought it was worth around $100k at the time but wound up getting a Vanquish instead. That same car is now still for sale at $89.9k as a CPO car. Urus are down $40-50k from peak. It's going to be a bloodbath for dealers holding inventory that they're losing their shirts on already.
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Airbag997 (11-10-2022)
#6053
I've seen some massive price drops on the ultra-luxury market (Rolls/Bentley). A Continental GT V8S I looked at a few months back was listed at $129.9k, I thought it was worth around $100k at the time but wound up getting a Vanquish instead. That same car is now still for sale at $89.9k as a CPO car. Urus are down $40-50k from peak. It's going to be a bloodbath for dealers holding inventory that they're losing their shirts on already.
#6054
I'm in the same boat, when they get to mid-100's I'll be interested. I have a 392 Wrangler right now as a daily and couldn't possibly justify another $150k for a Urus when the 392 is so damn fun. I really liked the Aston DBX when I drove it too and test drove the 707 version the other day, very impressive. Just not $300k impressive....but it will be great when they're half price in a couple years.
They absolutely are in major trouble. The youtube channel Lucky Lopez has a lot of good info on this stuff, he's a dealer and posts a lot of videos about the market, incoming repo's, etc. He made a video yesterday talking about a Wraith they had which dropped $30k in value while they were waiting for the title.
I wonder if some of the smaller highline dealers are over leveraged to the point where they literally can't sell certain cars in their inventory because they owe more on their flooring line than the cars are worth, and can't cover the difference to get the title and transfer to the new owner.
#6055
Hey everyone,
We just got in some new inventory that includes a 2016 Porsche GT3RS in PTS Meerblau. I am attaching a couple photos below.
If you have any interest please DM or email me at scott@grahamrahalperformance.com
We just got in some new inventory that includes a 2016 Porsche GT3RS in PTS Meerblau. I am attaching a couple photos below.
If you have any interest please DM or email me at scott@grahamrahalperformance.com
The following 2 users liked this post by GRP_Scott:
510michael (01-16-2023),
ParadiseGT3 (11-11-2022)
#6056
Hey everyone,
We just got in some new inventory that includes a 2016 Porsche GT3RS in PTS Meerblau. I am attaching a couple photos below.
If you have any interest please DM or email me at scott@grahamrahalperformance.com
We just got in some new inventory that includes a 2016 Porsche GT3RS in PTS Meerblau. I am attaching a couple photos below.
If you have any interest please DM or email me at scott@grahamrahalperformance.com
https://www.grahamrahalperformance.c...23704?ref=list
#6057
#6058
$240k for a low optioned rs without FAL. No thanks.
https://www.grahamrahalperformance.c...27131?ref=list
https://www.grahamrahalperformance.c...27131?ref=list
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fractionofawhole (11-10-2022)
#6059
$240k for a low optioned rs without FAL. No thanks.
https://www.grahamrahalperformance.c...27131?ref=list
https://www.grahamrahalperformance.c...27131?ref=list
The following users liked this post:
GRP_Scott (11-10-2022)