A place to discuss all things ADM
11-26-2022, 09:55 PM
#3166
Haha, yes he probably under priced his initial allocations, I think everyone did. He mentioned he bought back an earlier car he sold for more more than he initially sold it for. I think they had this window of where they could flip the GT3s at ridiculous prices fairly quickly, but it looks like that game of musical chairs ended and they are stuck with this high priced touring they have been asking $130K-$154K+ on I also noticed they are not really taking on used 992 GT3 inventory, so assuming they want to sell this car first. I am sure if they do end up taking a loss on this car, that they have made plenty of money this summer from GT3s and markups.
This is like the SA at Porsche Norwell who had the nerves to tell me that they had overpaid for the Shark Blue winged car they have (he said they originally paid $310k for it and I know that it was/is listed for $300k on the PNA website) so that they would not go any lower than their current $275k asking price when I inquired about it.
I mean… that’s not really my problem, is it?!
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WCGhost (11-27-2022)
11-27-2022, 01:06 AM
#3167
We are not supposed to shed tears for these stealers, are we?!
This is like the SA at Porsche Norwell who had the nerves to tell me that they had overpaid for the Shark Blue winged car they have (he said they originally paid $310k for it and I know that it was/is listed for $300k on the PNA website) so that they would not go any lower than their current $275k asking price when I inquired about it.
I mean… that’s not really my problem, is it?!
This is like the SA at Porsche Norwell who had the nerves to tell me that they had overpaid for the Shark Blue winged car they have (he said they originally paid $310k for it and I know that it was/is listed for $300k on the PNA website) so that they would not go any lower than their current $275k asking price when I inquired about it.
I mean… that’s not really my problem, is it?!
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WCGhost (11-27-2022)
11-27-2022, 10:46 AM
#3168
Rennlist Member
May I suggest we rename this thread as
bulls vs bears on GT cars
first time I opened this thread and reading it reminded me of a program that I used to watch on fox business called
bulls vs bears and guys go at it
bulls vs bears on GT cars
first time I opened this thread and reading it reminded me of a program that I used to watch on fox business called
bulls vs bears and guys go at it
11-27-2022, 11:03 AM
#3169
My prediction
1) Mass produced/currently produced 992 gt3 will come close to MSRP. At least to 20k+ level
2) Discontinued blue chip cars (CGT, RS 4.0) will correct but not to pre covid level
3) They will correct then stay flat for a while
11-27-2022, 11:31 AM
#3170
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Join Date: May 2012
Location: Mid-Atlantic (on land, not in the middle of the ocean)
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I don't fault dealers for trying to make as much money as they can. With some exceptions, they're not our friends, they're businesses, and the people who work there are trying to increase their personal incomes. Taking a short-term vs long-term view in relation to their customers depends on their future forecasts of the Porsche market and the economy. I think they're naturally incentivized to take a more short-term view.
They made a lot of money on used cars when prices were going up, and they'll likely lose some money on some used cars as prices trend down (my dealer was $15k underwater on a used car, and recently put it on auction because it was sitting in the showroom for months). A sign that dealers are convinced that the price trend is down is that they'll lowball offers to buy used cars, rather than paying a reasonable current market value.
If people are paying too much for cars, it's because we customers collectively are falling for hype about these cars being the last of their kind, much better than their predecessors, good investments, worth paying a big premium/ADM, etc. We customers are competing to get the cars and driving prices up by outbidding each other. RL does a lot to promote this hype, we see it across the threads, with some guys insinuating that you're some kind of pu$$y if you're unwilling or unable to pay big dollars for these cars. “We Have Met the Enemy and He Is Us”
They made a lot of money on used cars when prices were going up, and they'll likely lose some money on some used cars as prices trend down (my dealer was $15k underwater on a used car, and recently put it on auction because it was sitting in the showroom for months). A sign that dealers are convinced that the price trend is down is that they'll lowball offers to buy used cars, rather than paying a reasonable current market value.
If people are paying too much for cars, it's because we customers collectively are falling for hype about these cars being the last of their kind, much better than their predecessors, good investments, worth paying a big premium/ADM, etc. We customers are competing to get the cars and driving prices up by outbidding each other. RL does a lot to promote this hype, we see it across the threads, with some guys insinuating that you're some kind of pu$$y if you're unwilling or unable to pay big dollars for these cars. “We Have Met the Enemy and He Is Us”
Last edited by Manifold; 11-27-2022 at 01:09 PM.
11-27-2022, 01:01 PM
#3171
This is why I love this thread man. RL guys are mostly successful guys in their fields and I can get their perspective on GT market which is related to stock market.
My prediction
1) Mass produced/currently produced 992 gt3 will come close to MSRP. At least to 20k+ level
2) Discontinued blue chip cars (CGT, RS 4.0) will correct but not to pre covid level
3) They will correct then stay flat for a while
My prediction
1) Mass produced/currently produced 992 gt3 will come close to MSRP. At least to 20k+ level
2) Discontinued blue chip cars (CGT, RS 4.0) will correct but not to pre covid level
3) They will correct then stay flat for a while
Ascend, exactly why I dig it. For your predictions to have proper value and context, you must put a time frame on them. Otherwise, your predictions are too easy
IOW, to saygt3 will come close to MSRP is a ridiculously easy "prediction" to make. You dont want to be paralleled to Jim Cramer on CNBC (who is know for being captian obvious)....
11-27-2022, 01:23 PM
#3172
Ascend, exactly why I dig it. For your predictions to have proper value and context, you must put a time frame on them. Otherwise, your predictions are too easy IOW, to saygt3 will come close to MSRP is a ridiculously easy "prediction" to make. You dont want to be paralleled to Jim Cramer on CNBC (who is know for being captian obvious)....
IOW, to saygt3 will come close to MSRP is a ridiculously easy "prediction" to make. You dont want to be paralleled to Jim Cramer on CNBC (who is know for being captian obvious)....You guys crack me up 😂
Ok, over 20k ADM mid 2023 latest and msrp as 992.2 rolls out and under msrp when 992.2 gt3 rolls out.
11-27-2022, 01:57 PM
#3173
Rennlist Member
Join Date: May 2012
Location: Mid-Atlantic (on land, not in the middle of the ocean)
Posts: 13,286
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EMdoc (11-29-2022)
11-27-2022, 02:00 PM
#3174
Rennlist Member
where is all this money coming from ?
My 991.2 GT3RS I had hard time selling for 25 K below MSRP with WP. That was in 2020
now they are fetching 275 k and people think they a bargain. Where did these people come from
economy was good relatively speaking then , crypto was there , stock market was up .Only difference is interest rates
I know we say government is printing money .No one came to me and handed me a bucket full of cash
My 991.2 GT3RS I had hard time selling for 25 K below MSRP with WP. That was in 2020
now they are fetching 275 k and people think they a bargain. Where did these people come from
economy was good relatively speaking then , crypto was there , stock market was up .Only difference is interest rates
I know we say government is printing money .No one came to me and handed me a bucket full of cash
11-27-2022, 02:07 PM
#3175
I don't fault dealers for trying to make as much money as they can. With some exceptions, they're not our friends, they're businesses, and the people who work there are trying to increase their personal incomes. Taking a short-term vs long-term view in relation to their customers depends on their future forecasts of the Porsche market and the economy. I think they're naturally incentivized to take a more short-term view.
They made a lot of money on used cars when prices were going up, and they'll likely lose some money on some used cars as prices trend down (my dealer was $15k underwater on a used car, and recently put it on auction because it was sitting in the showroom for months). A sign that dealers are convinced that the price trend is down is that they'll lowball offers to buy used cars, rather than paying a reasonable current market value.
If people are paying too much for cars, it's because we customers collectively are falling for hype about these cars being the last of their kind, much better than their predecessors, good investments, worth paying a big premium/ADM, etc. We customers are competing to get the cars and driving prices up by outbidding each other. RL does a lot to promote this hype, we see it across the threads, with some guys insinuating that you're some kind of pu$$y if you're unwilling or unable to pay big dollars for these cars. “We Have Met the Enemy and He Is Us”
They made a lot of money on used cars when prices were going up, and they'll likely lose some money on some used cars as prices trend down (my dealer was $15k underwater on a used car, and recently put it on auction because it was sitting in the showroom for months). A sign that dealers are convinced that the price trend is down is that they'll lowball offers to buy used cars, rather than paying a reasonable current market value.
If people are paying too much for cars, it's because we customers collectively are falling for hype about these cars being the last of their kind, much better than their predecessors, good investments, worth paying a big premium/ADM, etc. We customers are competing to get the cars and driving prices up by outbidding each other. RL does a lot to promote this hype, we see it across the threads, with some guys insinuating that you're some kind of pu$$y if you're unwilling or unable to pay big dollars for these cars. “We Have Met the Enemy and He Is Us”
11-27-2022, 02:09 PM
#3176
where is all this money coming from ?
My 991.2 GT3RS I had hard time selling for 25 K below MSRP with WP. That was in 2020
now they are fetching 275 k and people think they a bargain. Where did these people come from
economy was good relatively speaking then , crypto was there , stock market was up .Only difference is interest rates
I know we say government is printing money .No one came to me and handed me a bucket full of cash
My 991.2 GT3RS I had hard time selling for 25 K below MSRP with WP. That was in 2020
now they are fetching 275 k and people think they a bargain. Where did these people come from
economy was good relatively speaking then , crypto was there , stock market was up .Only difference is interest rates
I know we say government is printing money .No one came to me and handed me a bucket full of cash
11-27-2022, 02:22 PM
#3177
where is all this money coming from ?
My 991.2 GT3RS I had hard time selling for 25 K below MSRP with WP. That was in 2020
now they are fetching 275 k and people think they a bargain. Where did these people come from
economy was good relatively speaking then , crypto was there , stock market was up .Only difference is interest rates
I know we say government is printing money .No one came to me and handed me a bucket full of cash
My 991.2 GT3RS I had hard time selling for 25 K below MSRP with WP. That was in 2020
now they are fetching 275 k and people think they a bargain. Where did these people come from
economy was good relatively speaking then , crypto was there , stock market was up .Only difference is interest rates
I know we say government is printing money .No one came to me and handed me a bucket full of cash
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EMdoc (11-29-2022)
11-27-2022, 02:24 PM
#3178
Some comments at the end of this review on value of 992.1 GT3 and comparison with 991 GT3. I'm thinking that maybe what I really want is a 991.2 GT3, which should be available at a decent price next year.
https://www.youtube.com/watch?v=bMbIC6Q-9es
https://www.youtube.com/watch?v=bMbIC6Q-9es
911.2 gt3 is the best car at a bargain. You get the new motor, arguably better design (992 gen in general is the new 996) and MT. They are pretty close to msrp now.
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Manifold (11-27-2022)
11-27-2022, 02:25 PM
#3179
where is all this money coming from ?
My 991.2 GT3RS I had hard time selling for 25 K below MSRP with WP. That was in 2020
now they are fetching 275 k and people think they a bargain. Where did these people come from
economy was good relatively speaking then , crypto was there , stock market was up .Only difference is interest rates
I know we say government is printing money .No one came to me and handed me a bucket full of cash
My 991.2 GT3RS I had hard time selling for 25 K below MSRP with WP. That was in 2020
now they are fetching 275 k and people think they a bargain. Where did these people come from
economy was good relatively speaking then , crypto was there , stock market was up .Only difference is interest rates
I know we say government is printing money .No one came to me and handed me a bucket full of cash
Prices were elevated on secondary market with some promises to the buyers that they would get favor with 992.1 gt3 and 992 gt3rs allocations
a few public sales and it moved the market on retail sales . What an owner may get on a trade is an entirely different thing though .
