Porsche Cracking Down on Flippers?
05-30-2017, 11:37 PM
#226
Which is what a car is SUPPOSED to do. That would also eliminated 48% of the posts on here about pricing/value.
The questions are; what caused this, and more importantly, how can this situation be corrected?
Imagine if GT cars had a depreciation curve like an AMG, MAC, BMW. How many people here would not have purchased a GT car? How many here would not be able to trade in their 3 year old GT car for the price they paid for it and be guaranteed top spot in the next GT car? How many people here would be flipping their car?
This is NOT a supply or demand issue.
This is NOT a dealer issue.
This is NOT a flipper issue.
A complete change in the GT market / buyer philosophy would change it. Make GT cars depreciate as they are SUPPOSED to and every single issue relating to supply/demand/ADM/stealerships/flipping will be rectified.
The questions are; what caused this, and more importantly, how can this situation be corrected?
Imagine if GT cars had a depreciation curve like an AMG, MAC, BMW. How many people here would not have purchased a GT car? How many here would not be able to trade in their 3 year old GT car for the price they paid for it and be guaranteed top spot in the next GT car? How many people here would be flipping their car?
This is NOT a supply or demand issue.
This is NOT a dealer issue.
This is NOT a flipper issue.
A complete change in the GT market / buyer philosophy would change it. Make GT cars depreciate as they are SUPPOSED to and every single issue relating to supply/demand/ADM/stealerships/flipping will be rectified.
05-30-2017, 11:38 PM
#227
And I used "correcting," the clear implication being there's more to go as the 991.2 GT3 w/manuals approach dealer showrooms.
05-30-2017, 11:49 PM
#228
Burning Brakes
When people talk about how 'we' should do this or not do that they are trying to shape the market. It doesn't work. The market is the market. It takes a lot more than a post on a forum to change that. If thousands of people decided that they didn't want a gently used GT3 and really wanted a gently used Quattroporte then the depreciation curve on both would change dramatically. But it won't. People want what they want.
05-31-2017, 12:14 AM
#229
RL Community Team
Rennlist Member
Rennlist Member
I just paid $550,000.23 for an R.
Patience was never a virtue of mine.
05-31-2017, 12:17 AM
#230
05-31-2017, 12:20 AM
#231
RL Community Team
Rennlist Member
Rennlist Member
05-31-2017, 04:57 AM
#232
Im thinking P is expecting massive "flipper" profits on this upcoming .2 to put out such a statement like this.
A local dealer hit me up asking 30k over for an allocation. I even bet the first few batches of the manuals will tip 50k over on the secondary.
A local dealer hit me up asking 30k over for an allocation. I even bet the first few batches of the manuals will tip 50k over on the secondary.
05-31-2017, 10:04 AM
#233
05-31-2017, 01:25 PM
#235
And Porsche didn't put out a statement like this. AP made some comments personally that folks are over thinking and blowing out of proportion. Nothing to see here.
05-31-2017, 02:46 PM
#236
Let me pay over $50k and then lose it within 12 months...maybe they'll learn their lesson not to do that again in the future.
05-31-2017, 03:43 PM
#237
People are being spoiled by the GT car market at the moment and forget that cars should depreciate an easy 20%+ in their first year.
05-31-2017, 03:47 PM
#238
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05-31-2017, 04:04 PM
#239
Used 997.2RS, 991.1GT3, 991.1RS, and GT4...none of those cars will lose $40k to $50k even if driven and owned for 2 years. Same old ****, I'm a newb compared to some of you guys but I'm already starting to see the same pattern over and over and over again.
