Car values dropping
The following users liked this post:
305/718 (08-15-2022)
08-15-2022, 01:23 PM
#409
Three Wheelin'
[QUOTE=thesaintusa;18304186]My dealer is still willing to buy my 2019 GTS for more than I paid with 13k miles, but problem is what would I be able to buy?
/QUOTE]
I stopped by my dealer last week and he again offered to buy my '18 GTS for more than I paid for it. Just for reference, they had only one new car (Macan base) for sale on their lot and their showroom had only one new car on display (others were pre-owned) that was already sold and awaiting a part before it can be delivered. He confirmed that allocations for all models are down and he's pre-selling almost everything based upon the allocations he receives. Pricing for new cars is MSRP with ADM for some.
Doesn't look like prices going down here.
/QUOTE]
I stopped by my dealer last week and he again offered to buy my '18 GTS for more than I paid for it. Just for reference, they had only one new car (Macan base) for sale on their lot and their showroom had only one new car on display (others were pre-owned) that was already sold and awaiting a part before it can be delivered. He confirmed that allocations for all models are down and he's pre-selling almost everything based upon the allocations he receives. Pricing for new cars is MSRP with ADM for some.
Doesn't look like prices going down here.
08-15-2022, 02:15 PM
#410
[QUOTE=DBH;18304644]
Once again, this thread is about prices trending down. Did he offer to buy your car 6 months ago? If so, what was his offer then versus now. No one is saying now is the time to get a steal of a price. But look at any used car platform and you'll see prices are lower than they were this Spring.
My dealer is still willing to buy my 2019 GTS for more than I paid with 13k miles, but problem is what would I be able to buy?
/QUOTE]
I stopped by my dealer last week and he again offered to buy my '18 GTS for more than I paid for it. Just for reference, they had only one new car (Macan base) for sale on their lot and their showroom had only one new car on display (others were pre-owned) that was already sold and awaiting a part before it can be delivered. He confirmed that allocations for all models are down and he's pre-selling almost everything based upon the allocations he receives. Pricing for new cars is MSRP with ADM for some.
Doesn't look like prices going down here.
/QUOTE]
I stopped by my dealer last week and he again offered to buy my '18 GTS for more than I paid for it. Just for reference, they had only one new car (Macan base) for sale on their lot and their showroom had only one new car on display (others were pre-owned) that was already sold and awaiting a part before it can be delivered. He confirmed that allocations for all models are down and he's pre-selling almost everything based upon the allocations he receives. Pricing for new cars is MSRP with ADM for some.
Doesn't look like prices going down here.
08-15-2022, 02:36 PM
#411
Three Wheelin'
Yup, original dealer offer was made the end of last year and is no different now then it was then. The dealer was then and is still interested in buying quality used Porsches. OBTW, KBB appears to show the trade-in value of my car has increased since the end of last year - just saying. 
Sorry if my experience doesn't match your expectation for this thread.
Sorry if my experience doesn't match your expectation for this thread.
Last edited by DBH; 08-15-2022 at 02:39 PM.
08-15-2022, 04:30 PM
#412
[QUOTE=TangoUniform;18304741]
Once again, this thread is about prices trending down. Did he offer to buy your car 6 months ago? If so, what was his offer then versus now. No one is saying now is the time to get a steal of a price. But look at any used car platform and you'll see prices are lower than they were this Spring.
Same price offered in March 2022 as of this month for me.
More than I paid for the same amount.
Zero inventory, everything pre-sold as it comes in.
Some used cars (cabriolets) sitting unsold (used), but not sure why you would want a cabriolet in a place with snow on the ground for 6 months.
This is my current experience.
Once again, this thread is about prices trending down. Did he offer to buy your car 6 months ago? If so, what was his offer then versus now. No one is saying now is the time to get a steal of a price. But look at any used car platform and you'll see prices are lower than they were this Spring.
More than I paid for the same amount.
Zero inventory, everything pre-sold as it comes in.
Some used cars (cabriolets) sitting unsold (used), but not sure why you would want a cabriolet in a place with snow on the ground for 6 months.
Yup, original dealer offer was made the end of last year and is no different now then it was then. The dealer was then and is still interested in buying quality used Porsches. OBTW, KBB appears to show the trade-in value of my car has increased since the end of last year - just saying.
Sorry if my experience doesn't match your expectation for this thread.
Sorry if my experience doesn't match your expectation for this thread.
The following users liked this post:
DBH (08-15-2022)