Porsche Cracking Down on Flippers?
#541
This. The GT cars are unfortunately going the way of Ferrari. I think Porsche should produce more, but not overproduce like BMW.
A true demand -1 situation would keep the cars from depreciating like an M4, yet allow the people who want GTs to acquire them.
A.P. once made a reference to trying to create a demand -1 market. Yet we all know that is complete bull. Porsche is building demand -50%!
THAT is the problem.
A true demand -1 situation would keep the cars from depreciating like an M4, yet allow the people who want GTs to acquire them.
A.P. once made a reference to trying to create a demand -1 market. Yet we all know that is complete bull. Porsche is building demand -50%!
THAT is the problem.
#542
Heres the multi-million dollar question though: How many Porsche GT buyers would drop off if the car depreciated 30-40% in a few years like the Corvettes, R8s, regular 911s, GT-R's, Vipers, Macs, AMGs, etc. Part of the allure of the GT models is the very strong resale value.
How many of y'all would maybe not buy a $170k GT3 or $230k 3RS or $300k+ 2RS if you were going to eat a guaranteed 30-40% depreciation in a few years. It's a big dollar hit.
How many of y'all would maybe not buy a $170k GT3 or $230k 3RS or $300k+ 2RS if you were going to eat a guaranteed 30-40% depreciation in a few years. It's a big dollar hit.
#543
You have a stronger stomach than I do. After spending a new M3 on my RS to enjoy it, I had to find fresher waters. Not turning out to be much better with the GT4 though, so regretting the move.
I think there would be FAR FAR less demand for the GT cars if they were easier to get. Hype and exclusivity pull the heart strings of luxury buyers. I think they should make more GT cars because I want to buy one without having to give a dealer fallacio, however I'm not sure they are willing to test when the vicious cycle (more supply ->leads to easier to get cars ->lowers prices ->less exclusivity, ->less C&C status, ->more depreciation) that starts to reduce demand. BMW is now faced with this. They have eroded the status of their brand to the point that they are no longer in demand, and now in trouble. I do enjoy their depreciation, as you can buy a new M car for about 60 cents on the dollar within a year.
I think there would be FAR FAR less demand for the GT cars if they were easier to get. Hype and exclusivity pull the heart strings of luxury buyers. I think they should make more GT cars because I want to buy one without having to give a dealer fallacio, however I'm not sure they are willing to test when the vicious cycle (more supply ->leads to easier to get cars ->lowers prices ->less exclusivity, ->less C&C status, ->more depreciation) that starts to reduce demand. BMW is now faced with this. They have eroded the status of their brand to the point that they are no longer in demand, and now in trouble. I do enjoy their depreciation, as you can buy a new M car for about 60 cents on the dollar within a year.
P-GT cars have a special feel that make it worth more, but I'd hate to eat $85k or more depreciation on a $170k GT3 with the same duty cycle as the ZR1 with probably more maintenance costs.
#544
...or if increasing production is not possible (for whatever reason), go back to making the GT cars more track focused, which will push the 'less committed' into similarly priced...and likely more profitable...GTS and Turbo models. Win/win.
#545
Oooor... just a thought... make changes to the GTS models to make them more attractive to the people that are getting GT3s for non-track use because they're not crazy about certain attributes of the current GTS model.
#546
#547
#548
This is what happens. 11 911R's for sale with a total 1,367 miles and 2 of them that say zero miles. It make them a piece of art instead of a car. So much for building a car to be driven.
Last edited by Jim55; 07-07-2017 at 11:29 PM.
#549
If it's any consolation, these cars won't bring anywhere near their asking prices. 991.2 GT3s w/MT will erase $100k. The Touring model will scrub off another $100k. In a year, I'd be surprised it they bring much more than $300k.
In a year's time, these 911R owners will have lost $200k. Ouch.
In a year's time, these 911R owners will have lost $200k. Ouch.
#551
We are talking 11 of how many brought into North America? I'm willing to bet that we are seeing less than 10% of what landed available for sale that everyone's getting their shorts in a knot for...
#552
Yeah, Porsche need to make GTS more of a GT3 touring than just a enhanced Carrera S.
#553
It's not limited production, it's production limited. In any case, let's say Porsche hires a bunch more employees, buys more manufacturing equipment, and orders more parts from suppliers to increase their GT production 2x or even 3x. Let's say their next model isn't in as high a demand. Do they now have a bunch of layoffs? What do they do with the unused equipment? Are their suppliers now screwed because they also needed to buy more equipment and employees? It's easy to say "make as many as possible" but in the real world, it doesn't quite work like that.
Agreed 100%
But that having been said, we just don't know what kind of SCALABILITY Porsche has when it comes to GT production.
And given the way Porsche is, they won't be upping production by 2x or 3x right off the bat. I'd say that they would take conservative "baby steps" at first,
perhaps increasing GT production by only 25% to test the waters.
#554
Agreed 100%
But that having been said, we just don't know what kind of SCALABILITY Porsche has when it comes to GT production.
And given the way Porsche is, they won't be upping production by 2x or 3x right off the bat. I'd say that they would take conservative "baby steps" at first,
perhaps increasing GT production by only 25% to test the waters.
But that having been said, we just don't know what kind of SCALABILITY Porsche has when it comes to GT production.
And given the way Porsche is, they won't be upping production by 2x or 3x right off the bat. I'd say that they would take conservative "baby steps" at first,
perhaps increasing GT production by only 25% to test the waters.
I think that's telling.
#555
I would like to Porsche to make just enough GT3s for the market to maintain MSRP sales. I'm someone who, with a lot of planning and saving could just barely afford a GT3. I can't just walk into a dealership and pay over MSRP, or buy enough Porsches to get 'in' with them either. I'm a senior enlisted soldier on a more or less fixed income (although I do make a bit more when I'm getting shot at - combat pay and tax exclusion). I'm not a hedge fund manager or corporate exec.
I do however want to own a GT3 to drive and enjoy and keep, maybe forever if circumstances permit. I'd like to drive it on back roads and maybe track it, sometimes (consumables are expensive for someone like me). I would even take it to cars & coffee sometimes (gasp!), go to Porsche events, be part of the culture. I have a Rolex that I bought in '97 that I plan to give to my first daughter one day when I'm a lot older. I'd like to have a GT3 in the garage that when I die gets passed on to one of my daughters who will know that it was something I strove for, attained, valued, maintained, used, enjoyed and passed on. It will have sentimental value attached to it's actual $ value.
The market that's been created by demand outstripping supply has priced me out. It seems like it might be shifting to the point that I could pick up a second hand GT3 recently, but I'm not holding my breath. It's not like these things are made out of unobtanium (it's just steel, aluminum, magnesium, CF, plastic, etc). Porsche could make more if they wanted to.
I agree with a lot of what others on here have said:
1. lack of supply has created this situation, full stop
2. Porsche could/should build more, but not too many (or it becomes like the Corvette - a good car, but there are too many of them)
3. Porsche is losing out on some profit by not producing more cars - that profit is then taken by dealerships and flippers (I don't blame either party here for maximizing their positions)
4. Porsche should build just enough for demand +1
I also think Porsche is/should be the anti-Ferrari (full disclosure - I love Ferraris too). That is, a premium brand but obtainable by a larger portion of the population (with the exception of the hypercars,RSs, exclusives, number plate cars), but with all of the performance and a unique character. They can bring the GT3 back into the obtainable realm by us mere mortals by just producing more of them. I'm sure with the business experience the company has, they can figure out that number.
Please Porsche, just make more GT3s so those of us dreamers that save their pennies (or $100 bills in this case) can get one too. We'll make you proud by driving them and maybe embarrassing a 458 or 488 on a track or back road one day.
I do however want to own a GT3 to drive and enjoy and keep, maybe forever if circumstances permit. I'd like to drive it on back roads and maybe track it, sometimes (consumables are expensive for someone like me). I would even take it to cars & coffee sometimes (gasp!), go to Porsche events, be part of the culture. I have a Rolex that I bought in '97 that I plan to give to my first daughter one day when I'm a lot older. I'd like to have a GT3 in the garage that when I die gets passed on to one of my daughters who will know that it was something I strove for, attained, valued, maintained, used, enjoyed and passed on. It will have sentimental value attached to it's actual $ value.
The market that's been created by demand outstripping supply has priced me out. It seems like it might be shifting to the point that I could pick up a second hand GT3 recently, but I'm not holding my breath. It's not like these things are made out of unobtanium (it's just steel, aluminum, magnesium, CF, plastic, etc). Porsche could make more if they wanted to.
I agree with a lot of what others on here have said:
1. lack of supply has created this situation, full stop
2. Porsche could/should build more, but not too many (or it becomes like the Corvette - a good car, but there are too many of them)
3. Porsche is losing out on some profit by not producing more cars - that profit is then taken by dealerships and flippers (I don't blame either party here for maximizing their positions)
4. Porsche should build just enough for demand +1
I also think Porsche is/should be the anti-Ferrari (full disclosure - I love Ferraris too). That is, a premium brand but obtainable by a larger portion of the population (with the exception of the hypercars,RSs, exclusives, number plate cars), but with all of the performance and a unique character. They can bring the GT3 back into the obtainable realm by us mere mortals by just producing more of them. I'm sure with the business experience the company has, they can figure out that number.
Please Porsche, just make more GT3s so those of us dreamers that save their pennies (or $100 bills in this case) can get one too. We'll make you proud by driving them and maybe embarrassing a 458 or 488 on a track or back road one day.