sccchiii

2-3 million minimum for the smallest store so you are very correct

promocop

I agree. That's why the above argument that smaller dealers got less allotments doesnt hold water unless these were the dealers that bought at auction

sccchiii

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?

silverrules

If the dealers are paying MSRP for lemons they should pay more than MSRP for non lemons. NICE!!!!

RossL

I don't think there will ever be "many" 991 GT3s for sale. This run is pretty limited to say the least. Another thing to consider is how well the replaced engines are doing. I haven't heard of an issue yet so it seems the stigma with the car might be for nothing because the new engines are proving their worth to date and don't seem tainted to me at least.

ipse dixit

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.

CAlexio

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?

sgroer

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.

djcxxx

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.

sccchiii

New cars cannot be exported per dealer agreement, are they... Yes but Porsche gets a report each month of cars reported through customs on way out......if new car VIN that a dealer was allocated is on that list dealer gets a allocation penalty, usually 2 for 1 meaning they would lose 2 allocations for each 1 exported. Do they catch every one, I don't know but do they catch some, YES

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.

promocop

They can't hold on to these cars. The 'flooring' costs will kill them. They want to strike fast and neat.

sccchiii

You would be surprised at how low a rate dealers get on floor plan, and not all dealers floor on used inventory.

Maverick787

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.

irish guitar

Anyone have a list of the selling prices from the auctions today?

Thanks.

Vivian.

marz7490

Was it Porsche of North Houston?