A place to discuss all things ADM
#4666
Kinda rhymes with the luxury watch market process. Not that crazy, usually, but the current supply / demand curve twists negotiations in that direction. Porsche GT manufacturing is pretty close to flat over the last ten years and demand (and popularity) is up astronomically
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Manifold (01-28-2023)
#4667
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Kinda rhymes with the luxury watch market process. Not that crazy, usually, but the current supply / demand curve twists negotiations in that direction. Porsche GT manufacturing is pretty close to flat over the last ten years and demand (and popularity) is up astronomically
Having recently thrown profits at my dealer, I believe I’m well positioned to get a 992.2 GT3 at MSRP when those allocations are released (GM has committed to me), but I’m not holding my breath waiting to get a CPO 992 GT3 at close to MSRP.
#4669
#4670
In other news, LVMH Moet Hennessy Louis Vuitton SE reported RECORD ANNUAL REVENUE AND PROFIT, as it rides a surge in demand for luxury goods.
On Thursday, the owner of Louis Vuitton, Dior, and Celine brands said 2023 started out well and it was confident it could maintain a brisk pace of growth despite the uncertain economic and geopolitical environment.
LVMH reported revenue of $86 Billion for 2022, a rise of 17% in organnic growth from the previous year. Net Profit rose 17% to $15.3 Billion.
On Thursday, the owner of Louis Vuitton, Dior, and Celine brands said 2023 started out well and it was confident it could maintain a brisk pace of growth despite the uncertain economic and geopolitical environment.
LVMH reported revenue of $86 Billion for 2022, a rise of 17% in organnic growth from the previous year. Net Profit rose 17% to $15.3 Billion.
Last edited by Diablo Dude; 01-28-2023 at 03:50 PM.
#4671
https://www.caranddriver.com/reviews...y-the-numbers/
Car and Driver 1965, article on the first 911, quote about why Porsche didn't want to enter the silly world of Ferrari luxury goods pricing.
"Porsche was understandably nervous about entering the No-Man's-Land market for $9000 GT cars. On price alone, it would have been beyond the reach of anybody but the Very Rich, and the V.R. are noted for such capricious perversity as preferring a $14,000 car to a $9000 car simply because it costs $5000 more. "
(so instead the first 911 was priced around 6k)
Car and Driver 1965, article on the first 911, quote about why Porsche didn't want to enter the silly world of Ferrari luxury goods pricing.
"Porsche was understandably nervous about entering the No-Man's-Land market for $9000 GT cars. On price alone, it would have been beyond the reach of anybody but the Very Rich, and the V.R. are noted for such capricious perversity as preferring a $14,000 car to a $9000 car simply because it costs $5000 more. "
(so instead the first 911 was priced around 6k)
#4672
https://www.caranddriver.com/reviews...y-the-numbers/
Car and Driver 1965, article on the first 911, quote about why Porsche didn't want to enter the silly world of Ferrari luxury goods pricing.
"Porsche was understandably nervous about entering the No-Man's-Land market for $9000 GT cars. On price alone, it would have been beyond the reach of anybody but the Very Rich, and the V.R. are noted for such capricious perversity as preferring a $14,000 car to a $9000 car simply because it costs $5000 more. "
(so instead the first 911 was priced around 6k)
Car and Driver 1965, article on the first 911, quote about why Porsche didn't want to enter the silly world of Ferrari luxury goods pricing.
"Porsche was understandably nervous about entering the No-Man's-Land market for $9000 GT cars. On price alone, it would have been beyond the reach of anybody but the Very Rich, and the V.R. are noted for such capricious perversity as preferring a $14,000 car to a $9000 car simply because it costs $5000 more. "
(so instead the first 911 was priced around 6k)
Its still true today.
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Diablo Dude (01-28-2023)
#4673
Rennlist Member
Joined: May 2012
Posts: 13,409
Likes: 4,592
From: Mid-Atlantic (on land, not in the middle of the ocean)
https://www.caranddriver.com/reviews...y-the-numbers/
Car and Driver 1965, article on the first 911, quote about why Porsche didn't want to enter the silly world of Ferrari luxury goods pricing.
"Porsche was understandably nervous about entering the No-Man's-Land market for $9000 GT cars. On price alone, it would have been beyond the reach of anybody but the Very Rich, and the V.R. are noted for such capricious perversity as preferring a $14,000 car to a $9000 car simply because it costs $5000 more. "
(so instead the first 911 was priced around 6k)
Car and Driver 1965, article on the first 911, quote about why Porsche didn't want to enter the silly world of Ferrari luxury goods pricing.
"Porsche was understandably nervous about entering the No-Man's-Land market for $9000 GT cars. On price alone, it would have been beyond the reach of anybody but the Very Rich, and the V.R. are noted for such capricious perversity as preferring a $14,000 car to a $9000 car simply because it costs $5000 more. "
(so instead the first 911 was priced around 6k)
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AlexCeres (01-28-2023)
#4674
Porsche is perfectly situated between merc/bmw and ferrari/lambo. Only thing its doing wrong is pumping out limited editions calling it heritage bs. Really diluting its brand. Keep the line up simple like ferrari.
#4675
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Joined: May 2012
Posts: 13,409
Likes: 4,592
From: Mid-Atlantic (on land, not in the middle of the ocean)
#4676
really interesting point. If you ask the Mclaren owner or Ferrari owner, they laugh (like I used to) about how many recreations of the same 911 there are. but, you are probably right that it provides some perception of value in variant/choice.
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Manifold (01-29-2023)
#4677
Stevens Creek Porsche has available winged GT3 in show room (sofas, pdk) for MSRP+$28K in required add-ons (watch, pre-paid service, etc..). Not quite MSRP but at least better than paying exorbitant ADM on its own.
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usctrojanGT3 (01-30-2023)
#4678
The recent posts here plus seeing multiple GT cars on the floor at several dealers makes me wonder if people are backing out of their allocations and the dealers are then taking on more inventory than they expected.
Also very interesting the vast difference most people are willing to pay for an allocation (so they can spec) rather than buy off the floor. And I say that because that's essentially what the used market is which makes me wonder how quickly we'll get to that below MSRP point that always happens eventually.
Also very interesting the vast difference most people are willing to pay for an allocation (so they can spec) rather than buy off the floor. And I say that because that's essentially what the used market is which makes me wonder how quickly we'll get to that below MSRP point that always happens eventually.
#4680