Porsche Cracking Down on Flippers?
#76
I think Ferrari runs a tight ship. PCNA can't even manage a mailing list.
If they had any brains, they'd have detailed info on all their buyers and market/take better care of them. Right now, they have no clue who anyone is really unless you're a 918 VIP.
So they're going to put together a GT flipper task force? Maybe Martin can head it. Flip a car, and lose a finger or kidney?
Attachment 1169885
Their take >> Why let the flippers make all the $$?? Better to let the dealers profit with ADM's. The author should have asked that question.
What if one sells a car they paid $20K-$50K over MSRP for?? They off the hook then? Instead of speculator you're labeled sucker??
If they had any brains, they'd have detailed info on all their buyers and market/take better care of them. Right now, they have no clue who anyone is really unless you're a 918 VIP.
So they're going to put together a GT flipper task force? Maybe Martin can head it. Flip a car, and lose a finger or kidney?
Attachment 1169885
Their take >> Why let the flippers make all the $$?? Better to let the dealers profit with ADM's. The author should have asked that question.
What if one sells a car they paid $20K-$50K over MSRP for?? They off the hook then? Instead of speculator you're labeled sucker??
#77
I really wish they eliminated dealers spec'ing their own cars and trying to sell at a made up "market" price. Also, I know for a fact there were several buyers/flippers who bought 2 or more RSs and flipped them for an instant profit buying from 2 different dealers. I hope that dealers who have good customers sell their cars for MSRP first. If those customer flip the cars for a quick profit then the dealership can black ball them from getting a future GT allocation.
#78
Rennlist Member
My wife had the EXACT same reaction albeit I had this conversation with her a month ago. If Porsche isn't careful they're going to start bleeding customers to other brands.
#79
Platinum Dealership
Rennlist
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As a dealer I can say if I was allocated more cars then that would solve the problems on my
End, from my customer's end etc.
If I had 30 GT3's, I'd still be short. Our allocations are based off how many 911's we sell- not the previously mentioned Cayenne or Panamera sales.
Our allocation system is very biased towards big dealers and as a small dealer, I am hosed/ unable to satisfy demand. Therefore some of my v070 customers won't get a car, or will wimp out and to avoid not getting said car, go pay a ridiculous Adm to an already big store.
porsche insiders (other dealers, reps, etc) have suggested:
Well, it will take time- you're young. Just sell your Macans.
Sell more used cars.
Why not call around and see if any dealers have a GT3 slot allocated but no customers?
Feel lucky you are not a Maserati dealer, nobody wants their stuff
Just charge what you can and it will seem like you are selling more cars that way...
Sweet.
End, from my customer's end etc.
If I had 30 GT3's, I'd still be short. Our allocations are based off how many 911's we sell- not the previously mentioned Cayenne or Panamera sales.
Our allocation system is very biased towards big dealers and as a small dealer, I am hosed/ unable to satisfy demand. Therefore some of my v070 customers won't get a car, or will wimp out and to avoid not getting said car, go pay a ridiculous Adm to an already big store.
porsche insiders (other dealers, reps, etc) have suggested:
Well, it will take time- you're young. Just sell your Macans.
Sell more used cars.
Why not call around and see if any dealers have a GT3 slot allocated but no customers?
Feel lucky you are not a Maserati dealer, nobody wants their stuff
Just charge what you can and it will seem like you are selling more cars that way...
Sweet.
#80
Meh it's the hot car right now and everyone wants one. Have your dealership put you on the list for the 992 gt3 too, if you don't get this one, you'll get one of those. No biggie.
#81
They need to hurry up and release the GT2RS, GT3RS, and GT4/RS at the same time so we can chop up the hysteria. haha
#83
Nordschleife Master
#84
Rennlist Member
Public Porsche auctions for all allocations + no dealers (primary 'flippers') = no flipping and everyone gets the car they want when they want it if prepared to pay the market price.
Flipping only exists in restricted markets -- where some classes of market agents (dealers, VIPs, 'good' customers, etc.) have better access to the market (and at 'subsidized' prices, to boot) than everyone else. Remove these restrictions and all incentives for flipping will disappear. This also puts 100% of the profits in Porsche's hands where they can best support even better GT cars in the future.
Flipping only exists in restricted markets -- where some classes of market agents (dealers, VIPs, 'good' customers, etc.) have better access to the market (and at 'subsidized' prices, to boot) than everyone else. Remove these restrictions and all incentives for flipping will disappear. This also puts 100% of the profits in Porsche's hands where they can best support even better GT cars in the future.
#85
There is another aspect of the dealer allocation issue that should be addressed regarding flippers versus long term customers. Service after the sale. I have purchased 7 Porsches from my dealer over the years, and all of my maintenance gets done at their facility. I track my cars, change oil every couple of thousand miles along with brake fluid, brakes, misc. consumables, roll bar and seat installs, clear bra, alignments, exhaust systems, tires, etc., etc. Literally 10's of thousands of dollars. I know I can get it done cheaper from Indies, but I stick with the dealer because of warranty, and yes, consideration for new purchases. My patronage should count for something!
#86
Nordschleife Master
So all this dealer bashing. Not that I'm a fan of dealers but who here who bought their GT 911 for msrp would not resell it at the time you decided to sell at market if market was over msrp?
What at fair is fair. If you would sell over msrp, and I bet every one of you would to a man don't bitch when others do.
What at fair is fair. If you would sell over msrp, and I bet every one of you would to a man don't bitch when others do.
#87
Race Car
Originally Posted by Waxer
So all this dealer bashing. Not that I'm a fan of dealers but who here who bought their GT 911 for msrp would not resell it at the time you decided to sell at market if market was over msrp?
What at fair is fair. If you would sell over msrp, and I bet every one of you would to a man don't bitch when others do.
What at fair is fair. If you would sell over msrp, and I bet every one of you would to a man don't bitch when others do.
#88
Race Director
“I personally like to see my cars being used. That’s what we build them for. They are just too good to be left to stand and collect dust."
Andreas Preuninger
I am trying, Andreas. Just need a little sunshine this weekend!
Andreas Preuninger
I am trying, Andreas. Just need a little sunshine this weekend!
#89
Another devils advocate point - we all enjoy the anti-depreciation of these GT cars. If they made millions of them - they would drop like rocks.
#90
Banned
He is a great politician. Tell people what they want to hear and do something different. They know exactly what has been going on.