AlexCeres

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

Manifold

And unless/until the demand for Porsche GT cars and their non-GT sports cars falls substantially, I don’t see how prices are going to drop a lot. And I don’t see any indication that Porsche is going to ramp up supply substantially if they’re playing the long game.

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.

Ascend

Reminds me of 991 Speedster. Started at 150k to 200k ADM and quickly became msrp.

av12345

yeah in 2020… they are back trading well above sticker… (for a decently low mileage one at least)

Diablo Dude

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.

Yargk

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)

cosmos

Its still true today.

Manifold

For this reason, I don’t think we’re going to see big jumps in the Porsche MSRPs. Doing that would increase their profits in the shorter term, but jeopardize demand in the longer term. Porsche dominates the market space between BMW/Merc/Audi and exotics, and I think that’s where they want to stay.

Ascend

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.

Manifold

OTOH, by having so many variants of the cars, and so much opportunity for customization, that might be viewed as making each particular car more ‘special’.

Joe mac

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.

wishman44

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.

darylbowden

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.

LionArt

Just called Mike at Stevens Creek. Wishman44 is correct. It is Agate Grey exterior with an MSRP of approximately 214K if anyone is interested.

hitmonlee

https://rennlist.com/forums/market/1334933