A place to discuss all things ADM
06-20-2022, 09:18 PM
#1591
It's mind-boggling that you are totally oblivious to this.
So much for "data vs information vs wisdom"
Chart as of May 2021
M2 at $21,728 as of May 24th, 2022
M2 (M2SL) | FRED | St. Louis Fed (stlouisfed.org)
Last edited by Diablo Dude; 06-20-2022 at 09:27 PM.
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Yargk (06-21-2022)
06-20-2022, 09:32 PM
#1592
06-20-2022, 09:37 PM
#1593
Burning Brakes
06-20-2022, 09:42 PM
#1594
Burning Brakes
The root cause of inflation came from the Federal Reserve increasing M2 by an unprecedented 40% and +$6.3 Trillion since March of 2020.
It's mind-boggling that you are totally oblivious to this.
So much for "data vs information vs wisdom"
Chart as of May 2021
M2 at $21,728 as of May 24th, 2022
M2 (M2SL) | FRED | St. Louis Fed (stlouisfed.org)
It's mind-boggling that you are totally oblivious to this.
So much for "data vs information vs wisdom"
Chart as of May 2021
M2 at $21,728 as of May 24th, 2022
M2 (M2SL) | FRED | St. Louis Fed (stlouisfed.org)
06-20-2022, 09:43 PM
#1595
Burning Brakes
Contrary to your erroneous claim, the U.S. is still producing the same 11.9 million barrels per day under Trump in 2019.
Never mind that the business model of the fracking industry has changed over the years after running up over $200 Billion of red ink since 2010.
This Week In Petroleum Crude Oil Section - U.S. Energy Information Administration (EIA)
Never mind that the business model of the fracking industry has changed over the years after running up over $200 Billion of red ink since 2010.
This Week In Petroleum Crude Oil Section - U.S. Energy Information Administration (EIA)
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shrimp money (06-20-2022)
06-20-2022, 09:44 PM
#1596
Burning Brakes
06-20-2022, 09:59 PM
#1597
Back to topic: I have a local lead for a ‘22 GTS on the ground. It has ADM. white/red PDK + options not a flipper spec. PM me if interested and I can connect you.
NO AFFILIATION
NO AFFILIATION
06-20-2022, 10:21 PM
#1598
This post from mid-May sure isnt aging well.
In fact, it's aging about as well as that $100,000 ADM on the GT3 at Loeber Motors that just sold for $30,000 over last week.
And FWIW, growth stocks/funds peaked in February of 2021. Your post is ridiculous.
ARKK is down 75% since.
In fact, it's aging about as well as that $100,000 ADM on the GT3 at Loeber Motors that just sold for $30,000 over last week.
And FWIW, growth stocks/funds peaked in February of 2021. Your post is ridiculous.
ARKK is down 75% since.
Last edited by Gh0st0; 06-20-2022 at 10:29 PM. Reason: Requote garbage fund
06-21-2022, 11:48 AM
#1599
Originally Posted by Gh0st0
It’s not that bad, if you’ve been invested in the market prior to March 2021 you’re fine.
Never mind that the Nasdaq is down 22% since Feb. 2021.
06-21-2022, 11:50 AM
#1600
06-21-2022, 01:16 PM
#1601
Back to the topic at hand. I think there's two things going on here - 1. yes clearly the economics of the world are changing. Some people react to those changes faster than others. 2. We are now in the 2nd production year, it's not like the 992 GT3 is the first time we've seen ADM on a GT car. It happens just about every cycle and as the early adopters get their cars, the ones who were willing to wait are often able to get an allocation at MSRP (if you have a relationship usually, but sometimes even without).
I guarantee you as soon as the 3RS allocations open, we will see massive ADMs popping up once again.
I guarantee you as soon as the 3RS allocations open, we will see massive ADMs popping up once again.
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mattyf (06-23-2022)
06-21-2022, 02:24 PM
#1602
Back to the topic at hand. I think there's two things going on here - 1. yes clearly the economics of the world are changing. Some people react to those changes faster than others. 2. We are now in the 2nd production year, it's not like the 992 GT3 is the first time we've seen ADM on a GT car. It happens just about every cycle and as the early adopters get their cars, the ones who were willing to wait are often able to get an allocation at MSRP (if you have a relationship usually, but sometimes even without).
I guarantee you as soon as the 3RS allocations open, we will see massive ADMs popping up once again.
I guarantee you as soon as the 3RS allocations open, we will see massive ADMs popping up once again.
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AlexCeres (06-21-2022)
06-22-2022, 08:47 AM
#1603
Everyone on RL is an economist 
Unfortunately for enthusiasts, ADMs on GT3’s are not going down. A good friend of mine is a secondary dealer and pulled wholesale auction results from Manheim Auto Auction (the biggest car auction in the US) and guess what? All GT cars recently sold are still bringing $90-$100K over sticker. Don’t believe it? Here are a couple of public examples of additional SOLD GT cars on PCAR within the past week:
GT3 Wing (SOLD $300,000, MSRP: $206,470)
https://www.pcarmarket.com/auction/2...gt3-touring-2/
GT3 Touring (SOLD $287,500, MSRP: $185,900)
https://www.pcarmarket.com/auction/2...gt3-touring-2/
Furthermore, out of the 108 listings for 992 GT3s on Autotrader the cheapest example is listed at $289,699. This car is a pretty standard spec with PDK & sofas and has 975 miles on it:
https://www.autotrader.com/cars-for-sale/vehicledetails.xhtml?listingId=640557775
As long as demand is exponentially higher than supply, I can’t see ADMs coming down anytime soon even despite economic conditions. As for the member that posted about a GT3 that was sold at a dealership recently and the ADM dropped from $100K and sold for $30K over, sorry I just don’t buy it. Facts are facts, and like it or not right now this is the market.
Unfortunately for enthusiasts, ADMs on GT3’s are not going down. A good friend of mine is a secondary dealer and pulled wholesale auction results from Manheim Auto Auction (the biggest car auction in the US) and guess what? All GT cars recently sold are still bringing $90-$100K over sticker. Don’t believe it? Here are a couple of public examples of additional SOLD GT cars on PCAR within the past week:
GT3 Wing (SOLD $300,000, MSRP: $206,470)
https://www.pcarmarket.com/auction/2...gt3-touring-2/
GT3 Touring (SOLD $287,500, MSRP: $185,900)
https://www.pcarmarket.com/auction/2...gt3-touring-2/
Furthermore, out of the 108 listings for 992 GT3s on Autotrader the cheapest example is listed at $289,699. This car is a pretty standard spec with PDK & sofas and has 975 miles on it:
https://www.autotrader.com/cars-for-sale/vehicledetails.xhtml?listingId=640557775
As long as demand is exponentially higher than supply, I can’t see ADMs coming down anytime soon even despite economic conditions. As for the member that posted about a GT3 that was sold at a dealership recently and the ADM dropped from $100K and sold for $30K over, sorry I just don’t buy it. Facts are facts, and like it or not right now this is the market.
06-22-2022, 09:14 AM
#1604
This happens every GT cycle Tourings were 150k over and see how many GT3’s are sitting on lots at 300k, and dealers are dropping around 20k every 2 weeks. The last person in the pyramid gets stung. I live in a very nice neighborhood, and people would line up to buy 1 house goes for sale it was sold in days, and we have 3 sitting for a 100 days. The city I live in 6 months ago 3 houses for sale, and now well over 60 sitting and dropping prices. Not saying the sky is falling but all bubbles burst. Some dealers are too greedy like some home sellers, just get ready to catch the falling pieces when they fall in your lap. I have no bone in this fight I didn’t take my MSRP car it’s was better for someone to take it that wanted it, as several of the Vets on the board say just watch.
Last edited by Maverick787; 06-22-2022 at 01:14 PM.
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Porsche newb (06-22-2022)
06-22-2022, 09:17 AM
#1605
Tourings were 150k over 60 days ago so I’d say that’s a decline on those sales.