991 pricing is out of control right now
08-19-2021, 02:53 PM
#1413
Racer
am speculating about a year or so??....maybe 1.5, but these prices will come down considerably. just a question of when
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Class5Kayaker (08-24-2021)
08-19-2021, 04:37 PM
#1414
Another data point - was at my local dealer and they are prepping a 2018 GTS for sale. 4xxx miles and they will be listing it 12k OVER original MSRP. Lol.
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HelpMeHelpU (08-20-2021)
08-19-2021, 05:22 PM
#1415
Rennlist Member
highly doubt it. Most GTSs MSRP around $150k give or take $5-$10k, and $12k over that would make it a silly asking price. You sure it wasn’t a gt3?
08-19-2021, 06:31 PM
#1416
I'm absolutely sure. I owned a 991.1 gt3 at one point, so definitely can tell the difference. I will say ASKING price is different than SELLING price and this dealer is notorious for huge mark ups. Unfortunately, they are the closest to me and do good service work so I have been unable to avoid them.
08-20-2021, 01:12 AM
#1417
Addict
Rennlist Member
Rennlist Member
A little followup. I was inundated with offers from around the country. I ended up selling both my 911 and Cayenne as a package to a wholesaler in NY who then turned around and sold it to the Porsche dealer in PA. The silver Cayenne S listed at the dealer was part of the deal.
I think the dealer is asking $12-14k above market on the 911 and $4-8k above market on the Cayenne.
I think the dealer is asking $12-14k above market on the 911 and $4-8k above market on the Cayenne.
08-20-2021, 09:41 AM
#1418
Rennlist Member
Interestingly, I just saw this email this morning from Seeking Alpha:
The chip shortage hobbling the auto industry is worsening, with several of world's largest automakers facing renewed shortages of silicon. The problem is being compounded by a wave of COVID cases sweeping across southeast Asia, where many of the semiconductors are made. The new disruptions could eventually factor into prices at the dealership and the used car market, as well as weighing heavily on the recovery plans of the manufacturers.
Ford: One of its plants in Kansas City is pausing production of the popular F-150 pickup truck (F) due to chip-related parts shortages.
General Motors: The company is halting assembly of its all-electric Chevrolet Bolt (GM) as it adds extended downtime at production lines in North America.
Volkswagen: The German owner of brands including Audi and Porsche warned on the potential for another output cut, saying VW's (OTCPK:VWAGY) chip supply for Q3 would be "very volatile and tight."
The biggest news: Toyota (TM) is slashing global production in September by 40%, which will affect 14 factories in Japan and overseas plants. The new plans will translate into 540K vehicles next month, down from the 900K it had originally forecast. While Toyota is keeping its previous annual sales and production targets in place for now, shares of the Japanese carmaker fell 4% on Thursday and are down another 3% premarket. (77 comments)
So, it seems the market pricing for used vehicles may continue for a while longer, especially if the Delta variant cases continue to rise and if the chip shortage truly continues extend and impact all market segment manufacturers. Chips are nearly ubiquitous in manufacturing today so it will likely affect well more than just automobile manufacturers.
Interesting times for sure.
The chip shortage hobbling the auto industry is worsening, with several of world's largest automakers facing renewed shortages of silicon. The problem is being compounded by a wave of COVID cases sweeping across southeast Asia, where many of the semiconductors are made. The new disruptions could eventually factor into prices at the dealership and the used car market, as well as weighing heavily on the recovery plans of the manufacturers.
Ford: One of its plants in Kansas City is pausing production of the popular F-150 pickup truck (F) due to chip-related parts shortages.
General Motors: The company is halting assembly of its all-electric Chevrolet Bolt (GM) as it adds extended downtime at production lines in North America.
Volkswagen: The German owner of brands including Audi and Porsche warned on the potential for another output cut, saying VW's (OTCPK:VWAGY) chip supply for Q3 would be "very volatile and tight."
The biggest news: Toyota (TM) is slashing global production in September by 40%, which will affect 14 factories in Japan and overseas plants. The new plans will translate into 540K vehicles next month, down from the 900K it had originally forecast. While Toyota is keeping its previous annual sales and production targets in place for now, shares of the Japanese carmaker fell 4% on Thursday and are down another 3% premarket. (77 comments)
So, it seems the market pricing for used vehicles may continue for a while longer, especially if the Delta variant cases continue to rise and if the chip shortage truly continues extend and impact all market segment manufacturers. Chips are nearly ubiquitous in manufacturing today so it will likely affect well more than just automobile manufacturers.
Interesting times for sure.
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8KaboveMSL (08-20-2021)
08-20-2021, 10:24 AM
#1420
I would add to this that Ford is not shipping any more of the 2021 Broncos as the tops were all bad. They will start shipping in October 2022 again. This has to be the worst launch of what looks like a great product ever.
pic of ford trucks from space sitting that can not be sold...
pic of ford trucks from space sitting that can not be sold...
Interestingly, I just saw this email this morning from Seeking Alpha:
The chip shortage hobbling the auto industry is worsening, with several of world's largest automakers facing renewed shortages of silicon. The problem is being compounded by a wave of COVID cases sweeping across southeast Asia, where many of the semiconductors are made. The new disruptions could eventually factor into prices at the dealership and the used car market, as well as weighing heavily on the recovery plans of the manufacturers.
Ford: One of its plants in Kansas City is pausing production of the popular F-150 pickup truck (F) due to chip-related parts shortages.
General Motors: The company is halting assembly of its all-electric Chevrolet Bolt (GM) as it adds extended downtime at production lines in North America.
Volkswagen: The German owner of brands including Audi and Porsche warned on the potential for another output cut, saying VW's (OTCPK:VWAGY) chip supply for Q3 would be "very volatile and tight."
The biggest news: Toyota (TM) is slashing global production in September by 40%, which will affect 14 factories in Japan and overseas plants. The new plans will translate into 540K vehicles next month, down from the 900K it had originally forecast. While Toyota is keeping its previous annual sales and production targets in place for now, shares of the Japanese carmaker fell 4% on Thursday and are down another 3% premarket. (77 comments)
So, it seems the market pricing for used vehicles may continue for a while longer, especially if the Delta variant cases continue to rise and if the chip shortage truly continues extend and impact all market segment manufacturers. Chips are nearly ubiquitous in manufacturing today so it will likely affect well more than just automobile manufacturers.
Interesting times for sure.
The chip shortage hobbling the auto industry is worsening, with several of world's largest automakers facing renewed shortages of silicon. The problem is being compounded by a wave of COVID cases sweeping across southeast Asia, where many of the semiconductors are made. The new disruptions could eventually factor into prices at the dealership and the used car market, as well as weighing heavily on the recovery plans of the manufacturers.
Ford: One of its plants in Kansas City is pausing production of the popular F-150 pickup truck (F) due to chip-related parts shortages.
General Motors: The company is halting assembly of its all-electric Chevrolet Bolt (GM) as it adds extended downtime at production lines in North America.
Volkswagen: The German owner of brands including Audi and Porsche warned on the potential for another output cut, saying VW's (OTCPK:VWAGY) chip supply for Q3 would be "very volatile and tight."
The biggest news: Toyota (TM) is slashing global production in September by 40%, which will affect 14 factories in Japan and overseas plants. The new plans will translate into 540K vehicles next month, down from the 900K it had originally forecast. While Toyota is keeping its previous annual sales and production targets in place for now, shares of the Japanese carmaker fell 4% on Thursday and are down another 3% premarket. (77 comments)
So, it seems the market pricing for used vehicles may continue for a while longer, especially if the Delta variant cases continue to rise and if the chip shortage truly continues extend and impact all market segment manufacturers. Chips are nearly ubiquitous in manufacturing today so it will likely affect well more than just automobile manufacturers.
Interesting times for sure.
Last edited by Bud Taylor; 08-20-2021 at 10:27 AM.
08-20-2021, 10:30 AM
#1421
yes
I work for a leading chip maker. Lead time on new orders is exceeding 18 months and increasing daily. All pay up front and strict no cancel terms. Supply and demand curves will not intersect for at least 2 years.
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08-20-2021, 01:21 PM
#1422
Three Wheelin'
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Pb Pedis (08-20-2021)
08-20-2021, 01:55 PM
#1423
Originally Posted by NA2
I work for a leading chip maker. Lead time on new orders is exceeding 18 months and increasing daily. All pay up front and strict no cancel terms. Supply and demand curves will not intersect for at least 2 years.
I work for a leading chip maker. Lead time on new orders is exceeding 18 months and increasing daily. All pay up front and strict no cancel terms. Supply and demand curves will not intersect for at least 2 years.
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midwstCostofLivg (08-25-2021)
08-20-2021, 02:28 PM
#1424
08-20-2021, 02:34 PM
#1425
having spent 25+ years in the business, i think you're spot on here. i see no way these prices stay where they're at or even close. it is absolutely crazy out there right now. got an unsolicited offer of $16k more then i paid for my 2013 C2S 14 months and 8000 miles ago. did get a great deal when i purchased it....probably 2-4k less then it was worth but also spent about $2000 in maintenance. i'd call that roughly $13k in real appreciation AFTER using/enjoying it for over a year. if i include tax's paid, i'd still be up $8k+ net. pure insanity imho
am speculating about a year or so??....maybe 1.5, but these prices will come down considerably. just a question of when
am speculating about a year or so??....maybe 1.5, but these prices will come down considerably. just a question of when
