PCNA GT3 Auction is at 4PM today
#151
Three Wheelin'
#153
Three Wheelin'
I don't necessarily think a lot of small stores ultimately purchased but they certainly might have helped raise the auction values by bidding....I think the stores that got these GT3s were larger high showroom traffic stores that knew they could turn them quickly and were willing to pay big to get a car on the showroom. A friend that operates a Porsche dealer (big city store) said that at one point on a Saturday they fielded over 50 inquires by phone and internet asking about GT3 availability a couple months back! Think about what the total inquires have been since GT3 was announced at that store?
#155
Rennlist Member
Well stated. And IF these cars are all sold here what happens in two three years when they get sold? What person in their right mind is going to buy a "branded" car when there might be many unbranded ones for sale. I say good luck to those who are trying to sell one of those. I for one may buy a used 2015 in a few years but I most certainly NOT buy one of these auction cars. No sir!
#156
RL Community Team
Rennlist Member
Rennlist Member
Maybe if you buy one of these dealer buy-back auction GT3s you get two engines.
The new one in the car, and the recalled one.
The new one in the car, and the recalled one.
#157
Race Director
It's definitely a confounding result to hear what dealers paid.. When you consider their margin I wonder how much they will have to sell over msrp for?
#158
Rennlist Member
Thread Starter
I think the majority were bought at invoice or close to it, based upon my analysis of the data. The Hennessy cars are priced reasonably fairly vs. what they paid for them at auction. I'll be interested in seeing how long they are there, and since I drive by Hennessy every day, I'm sure I 'll see them parked out front. I would imagine someone on their long list of contacts will get a call and bite. They are an extremely high volume dealer.
#159
Three Wheelin'
New cars can be exported. Done all the time in South Florida. Export market is very lucrative often cash buyers who can easily pay premium to get what they want immediately. US lemon law of not consequence outside US. Some dealers may plan to hold these cars until production ends. Basically placing a 6-8 month bet that by next spring they can get premiums on even a lemon law car. I think that if production were not ending these cars would have sold for substantially less.
#160
Three Wheelin'
New cars can be exported. Done all the time in South Florida. Export market is very lucrative often cash buyers who can easily pay premium to get what they want immediately. US lemon law of not consequence outside US. Some dealers may plan to hold these cars until production ends. Basically placing a 6-8 month bet that by next spring they can get premiums on even a lemon law car. I think that if production were not ending these cars would have sold for substantially less.
Also keep in mind maybe it's worth risk for dealer of getting caught if they are offered big enough profit margin on a particular product.
#162
Three Wheelin'
#163
They can use them for advertisement , and see other cars. People will oodle over them, and buy something else until they can get a premium.
#165
Interesting thread. I can't imagine this is coincidental given this info, but I though you all would like to hear this. I received an email at 4:46 PM today from one of the dealers I pinged last month looking for an allocation. This is the email in its entirety; "We just bought a 2014 GT3 Sapphire Blue. We will be asking 159,990. Thought you might be interested. I can forward the build sheet if interested." Not sure what the build looks like but the price they're asking has to be at least at MSRP or higher (given the range we've typically seen).