When you click on links to various merchants on this site and make a purchase, this can result in this site earning a commission. Affiliate programs and affiliations include, but are not limited to, the eBay Partner Network.
The ADM on my 991.2 PTS Touring was $10,000 which is closer to $10,900 with CA taxes. Would I still pay what I paid for all the smiles I have gotten out of the 20,000 miles I have put on the car thus far? Absolutely. $210,000 of the best dollars I have ever spent. Yes, you read that correctly. My loaded 991.2 PTS Touring (buckets, PCCB, deviated stitching, the works) was $210,000 in March 2019. How times have changed in 3.5 years....
lots of wealthy people buy a S class or SUV, some would never consider a Porsche add that the RS has only 518 HP, the Vette has 670hp,most of the improvement comes from downforce, this along with ridiculous appearance and no trunk limits its appeal, even for Paris Hilton who Im sure can drive PDK but needs a trunk for her purchases, the markups are unlikely to last long and hopefully the cars go to real buyers and the brokers eat ****, I'm glad it looks this way and love the focus on aero, I hope to get one, I hope it becomes easier to buy a car someday
Yeah, I love the RS looks the way it does and that it is basically unusable as a daily driver. The ADMs will melt quickly because the buyer pool will be smaller and the recession will keep getting worse and rates will continue to go up which will eliminate the marginal buyers.
I found a 6 speed Fully loaded in Shark Blue just listed for 279K. Now, it's still way overpriced, but this same model was going for easy over 300-325k just over a few months ago.
S&P Peak 4,800 now 3,900, Nasdaq Peak 16,500 now 12,000, Oil Peak $120 now $87, Bitcoin Peak 65,000 now 18,750, Rolex Daytona peak $50,000 + now $34,000, Gas $5.25 now $3.50...Ten year Bond 1.35% now 3.35% . All high to low swings in less than twelve months. So goes Porsche GT3 ADM $125,000 now $75,000. we are witnessing huge abrupt economic chnages.
yes there are supply and demand forces at work. there are market dislocations and disruptions at work. Supply chain bizzaro flux. The markets are all correcting from a very unusual extreme circumstance. I see the GT market changing with the macroeconomic forces AND because supply is changing significantly; More GT3's are delivered with more on the way- flow normalizing, The GT3RS coming to market, and the GT4RS starting to reach dealers. These are big chnages all coming to bear on the market in a short period of time. Meanwhile supply of used 991 GT3's on the market has held in fairly large numbers. You can still order a GT4 or you can substitute Mclarens and Ferraris and Vettes all day long.... ADMs are going to wither away with market forces
S&P Peak 4,800 now 3,900, Nasdaq Peak 16,500 now 12,000, Oil Peak $120 now $87, Bitcoin Peak 65,000 now 18,750, Rolex Daytona peak $50,000 + now $34,000, Gas $5.25 now $3.50...Ten year Bond 1.35% now 3.35% . All high to low swings in less than twelve months. So goes Porsche GT3 ADM $125,000 now $75,000. we are witnessing huge abrupt economic chnages.
Yes.
It's called a tightening cycle by the Federal Reserve.
And the markets have already been discounting its impact.
Last edited by Diablo Dude; 09-07-2022 at 12:05 PM.
More GT3's are delivered with more on the way- flow normalizing, The GT3RS coming to market, and the GT4RS starting to reach dealers. These are big chnages all coming to bear on the market in a short period of time. Meanwhile supply of used 991 GT3's on the market has held in fairly large numbers. You can still order a GT4 or you can substitute Mclarens and Ferraris and Vettes all day long.... ADMs are going to wither away with market forces
ADM's are clearly being impacted.
No question about it.
But in regard to your claim that GT3 production is normalizing, do you have any comparative data on the number of GT3's that have been produced this year?
I would be most interested in GT3 Touring data.
Yes, the GT3RS and GT4RS are coming to market. And the latter is already here in California.
But at what kind of production numbers? And most likely, with ADM if not already spoken for by "halo" clients.
Even my 981 GT4 was $20,000 over in 2016, well before Covid and supply/chain issues.
That was 23% of the MSRP.
Not sure if I follow your substitution thesis with McLaren or Ferrari given the drastic difference in maintenance costs.
At first glance it might sound good to someone who has had an Econ. 1 class. But in reality, it doesnt come anywhere close to passing the "sniff" test.
Are suppy/chain issues easing?
GM CEO Mary Barra says that the chip shortage will continue into 2023.
Meanwhile, the Russians have shut down the Nord stream 1 pipeline indefinitely.
It was only running at 20% before the shut down, but still.
Russians blame sweeping sanctions for the inability to maintain the pipeline properly.
Maintenance requiring shut down occurs every 1,000 hours of operation.
Germany will have their Nat-Gas storage up to roughly 85% this month.
But that will only last for 2.5 months during the Winter.
Can Germany sufficiently source NG from elsewhere?
That's the $64,000 question.
Stay tuned.
.
Last edited by Diablo Dude; 09-07-2022 at 12:11 PM.
the monetary gods are at work and the classic advice is do not fight the Fed. My P dealer has now delivered four GT3's YTD, I was number one first quarter. Europe has been prepping for the energy problem and will get through the winter OK. Trends are best understood looking at history, asset prices are declining. Lived through enough economic sea changes to recognize the tide is changing.....forecast better outlook for buyers next year. Meanwhile flippers are done for this cycle. all of this is good for the dedicated long term Porsche fans
the monetary gods are at work and the classic advice is do not fight the Fed.
Lived through enough economic sea changes to recognize the tide is changing.....forecast better outlook for buyers next year. Meanwhile flippers are done for this cycle. all of this is good for the dedicated long term Porsche fans
Yes, I would agree that the forecast is better now that the "flippers" are done for this cycle.
But the ICE is on "Death Row" and we most likely wont see a fully NA engine in the GT3 after next year.
PS. I've been through many a monetary cycle since Paul Volker was in charge of the Fed.
But this time around is indeed different. The Fed has never simultaneously raised rates while conducting QT.
Will the Fed remain committed to their goal of 2% inflation while the unemployment rate heads back up?
That's the $64,000 question.
They've had a history of moving the goal posts.
Right up there with whether or not Germany can compensate for an 80% reduction in Russian NG without a drastic reduction in demand, leading to a Recession.
Given that Germany is at the center of industrial supply chains, that would have a chilling effect on the rest of Europe.
Meanwhile, Porsche goes full speed ahead on their IPO for this Fall with an expected valuation that is twice that of Ferrari.
Last edited by Diablo Dude; 09-07-2022 at 12:28 PM.
I found a 6 speed Fully loaded in Shark Blue just listed for 279K. Now, it's still way overpriced, but this same model was going for easy over 300-325k just over a few months ago.
i am not sure what the reserve is but this car has an msrp of $191k and the current bid is at $210k. perhaps it will escalate higher as the auction nears its end (in about 3 days).
The ADM on my 991.2 PTS Touring was $10,000 which is closer to $10,900 with CA taxes. Would I still pay what I paid for all the smiles I have gotten out of the 20,000 miles I have put on the car thus far? Absolutely. $210,000 of the best dollars I have ever spent. Yes, you read that correctly. My loaded 991.2 PTS Touring (buckets, PCCB, deviated stitching, the works) was $210,000 in March 2019. How times have changed in 3.5 years....
i think $10k adm is palatable. what we have been talking about recently is $100k - $125k markups.
Not sure if I follow your substitution thesis with McLaren or Ferrari given the drastic difference in maintenance costs.
At first glance it might sound good to someone who has had an Econ. 1 class. But in reality, it doesnt come anywhere close to passing the "sniff" test.
With Ferrari, what maintenance costs? Maintenance is free for the first 7 years.
Typical annual Mclaren maintenance is around $1500-2000, depending on what model and year you got. Not a drastic difference in maintenance costs over a GT car, although there area few big ticket items that can bite.
Amazing how service cost gets thrown around with no facts. My Ferrari 458 cost me less than 2k during ownership, and below is my last annual service on my 675LT last July. Yes it was done by Mclaren.
Amazing how service cost gets thrown around with no facts. My Ferrari 458 cost me less than 2k during ownership, and below is my last annual service on my 675LT last July. Yes it was done by Mclaren.
ive owned my Pista for almost 3 years. Maintenance costs? $0
I wish i could buy a ferrari. 458 looks too amazing. I bet maintenance on these must be pretty pricey.
nonway 458’s and 488’s are noted as the most reliable Ferraris. The only money I spent was on an alignment, annual service was included for the first 7 years. Every manufacturer has a lemon somewhere that will cost you money.
09-07-2022, 01:26 AM
