A place to discuss all things ADM
11-30-2022, 05:40 PM
#3271
Hi @WCGhost - I can't seem to PM yet (or am too dumb to figure it out), but would love to know which dealer has an allocation! Thanks!!
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WCGhost (11-30-2022)
11-30-2022, 06:42 PM
#3273
11-30-2022, 06:48 PM
#3274
11-30-2022, 08:01 PM
#3275
Burning Brakes
I would be willing to take that bet, MSRP by Q1 on a car under 1,000 miles? It just doesn't seem likely. These dealers who are holding these cars for 100+ days would rather it be permanent fixture of their showroom floor than take a loss it seems. I am sure near MSRP will happen at some point, but they will be higher mileage cars.
New low of 249,991 for this CPO red 992 6 speed manual with 1k miles that has over 30k in options from a Porsche dealer: https://www.autotrader.com/cars-for-...ckType=listing
11-30-2022, 08:15 PM
#3276
New high of 177 992 gt3 on Autotrader.
New low of 249,991 for this CPO red 992 6 speed manual with 1k miles that has over 30k in options from a Porsche dealer: https://www.autotrader.com/cars-for-...ckType=listing
New low of 249,991 for this CPO red 992 6 speed manual with 1k miles that has over 30k in options from a Porsche dealer: https://www.autotrader.com/cars-for-...ckType=listing
11-30-2022, 09:01 PM
#3277
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11-30-2022, 10:00 PM
#3278
The following 2 users liked this post by Ascend:
usctrojanGT3 (11-30-2022),
welikethetrack (12-01-2022)
11-30-2022, 10:36 PM
#3281
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WCGhost (12-01-2022)
11-30-2022, 10:39 PM
#3282
Haha wow, just saw that once you pointed it out! Listed as an "executive demo". I can't imagine any dealer ordered this clown car, but crazier things have happened.
11-30-2022, 11:01 PM
#3283
I would be willing to take that bet, MSRP by Q1 on a car under 1,000 miles? It just doesn't seem likely. These dealers who are holding these cars for 100+ days would rather it be permanent fixture of their showroom floor than take a loss it seems. I am sure near MSRP will happen at some point, but they will be higher mileage cars.
How much of their overall flooring line are they using? (considering they hardly have any new or used inventory ). Typical Porsche dealer would be selling 400 brand new cars in USA /year.
how much do you think a franchised Porsche dealer would be buying a used gt car from customers that they originally sold the car too? (Msrp original sales would get bought back at msrp or lower from the customer )
how much revenue /profitability overall from a Porsche dealer in USA ?
lowering a car price by $80k from ask price on a used gt car may only be costing them $10k/year in flooring costs . They can easily sell these cars at elevated pricing via higher prices on trade in’s and make up money on financing , add-on’s, etc.
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WCGhost (12-01-2022)
12-01-2022, 01:06 AM
#3284
RL Community Team
Rennlist Member
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The typical daily cost of a dealer to "carry" a car is usually around $50.
So holding onto to a car for a few more weeks or months isn't going to be the end of the world necessarily.
12-01-2022, 01:16 AM
#3285
The funny thing is that a Toyota dealer pays ostensibly the same price and interest rate for floor plans as a Porsche dealer.
The typical daily cost of a dealer to "carry" a car is usually around $50.
So holding onto to a car for a few more weeks or months isn't going to be
the end of the world necessarily.
The typical daily cost of a dealer to "carry" a car is usually around $50.
So holding onto to a car for a few more weeks or months isn't going to be
the end of the world necessarily.
there is no rush whatsoever for franchised dealers to drop prices by any substantial amount. It isn’t costing them much at all and especially when you consider their profitability on everything else they do/sell/service , etc.