A place to discuss all things ADM
#2521
Race Car
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WCGhost (10-17-2022)
#2522
Burning Brakes
#2523
#2524
Burning Brakes
#2526
Track Day
I inquired with New Country in Greenwich over the weekend and they are asking for a $75k ADM on a winged GT3 order. Current ADM on the Touring is around $100k.
The market may be softening, but it’s still very strong for GT cars….at least around here!
The market may be softening, but it’s still very strong for GT cars….at least around here!
The following 2 users liked this post by Polar993:
Freddie Two Bs (10-17-2022),
WCGhost (10-17-2022)
#2527
#2528
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Join Date: May 2012
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I don't think we're going to see significant recession in the US until the next year. The US is due for it. Recession was simply shifted into the future because of al the stimulus, and that money is still circulating through the economy. A lot of that money is being paid back through inflation, but inflation will be brought under control through things which slow the economy.
#2529
Rennlist Member
Not surprised when 991.2 cars are still selling way above sticker (991.2 Tourings are still $50K+ over and winged cars not far behind) and many of them are out of warranty and 4 yrs old at this point. Given that dynamic, I just have a hard time visualizing 992 GT cars trading at sticker in the near future absent a mass calamity event in the economy. I'm sure prices will go down as the hype recedes, but not all the way down to MSRP.
#2530
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Not surprised when 991.2 cars are still selling way above sticker (991.2 Tourings are still $50K+ over and winged cars not far behind) and many of them are out of warranty and 4 yrs old at this point. Given that dynamic, I just have a hard time visualizing 992 GT cars trading at sticker in the near future absent a mass calamity event in the economy. I'm sure prices will go down as the hype recedes, but not all the way down to MSRP.
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WCGhost (10-18-2022)
#2531
Rennlist Member
Of course, but we've increased the money supply by 50% (or $7 trillion, give or take) since, and we have rampant inflation. That newly minted money is still in circulation, chasing assets, particularly "luxury assets". Certainly, the speculators and highly leveraged buyers will drop out of the market, but i don't think that'll be enough to balance supply/demand for prices to return to MSRP (in the short term).
The following 2 users liked this post by lawrence1:
Azzurri GT3 (10-17-2022),
Freddie Two Bs (10-17-2022)
#2532
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Join Date: May 2012
Location: Mid-Atlantic (on land, not in the middle of the ocean)
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Of course, but we've increased the money supply by 50% (or $7 trillion, give or take) since, and we have rampant inflation. That newly minted money is still in circulation, chasing assets, particularly "luxury assets". Certainly, the speculators and highly leveraged buyers will drop out of the market, but i don't think that'll be enough to balance supply/demand for prices to return to MSRP (in the short term).
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WCGhost (10-18-2022)
#2533
Honestly this thread and site is plagued by salesman pumping the ADM. Get ready buttercup cause it has started. And honestly coming from a real buyer who gave up on a 992 GT3 I can’t wait to watch.
Before you say I’m just bitter I got a 997.2 Deman 4.5 ready to rip.
Let’s all enjoy the show. My call is a across the board $75 k drop from todays value.
Before you say I’m just bitter I got a 997.2 Deman 4.5 ready to rip.
Let’s all enjoy the show. My call is a across the board $75 k drop from todays value.
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#2534
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Join Date: May 2012
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Honestly this thread and site is plagued by salesman pumping the ADM. Get ready buttercup cause it has started. And honestly coming from a real buyer who gave up on a 992 GT3 I can’t wait to watch.
Before you say I’m just bitter I got a 997.2 Deman 4.5 ready to rip.
Let’s all enjoy the show. My call is a across the board $75 k drop from todays value.
Before you say I’m just bitter I got a 997.2 Deman 4.5 ready to rip.
Let’s all enjoy the show. My call is a across the board $75 k drop from todays value.
I have two Porsche GT cars and have no problem with their values coming back to reality.
The following 4 users liked this post by Manifold:
#2535
https://www.pcarmarket.com/auction/d...che-911-gt3-5/
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Manifold (10-19-2022)