A place to discuss all things ADM
#5386
Rennlist Member
Joined: May 2012
Posts: 13,409
Likes: 4,592
From: Mid-Atlantic (on land, not in the middle of the ocean)
OK, I’ll rephrase. People want unrealistically high prices to sell cars back (in the dealers eyes) possibly because they paid unrealistic amounts to acquire the cars. That’s my point. However since the market is constantly changing, it’s somewhat apples / oranges unfortunately. And super ironic.
#5388
#5389
for a touring or wing? the no PTS option and the market changing pretty quickly but countered by the issue that there most likely won’t be any 2024s makes it even more difficult to say what fair value is…
#5390
All I've been offered is 75-100K. I would take that if offered right now.
There are very few allocations remaining and if price increase rumors are true along with end of GT3 production until 992.2 (2025), then 50K is a no brainer in the current market if you want one.
There are very few allocations remaining and if price increase rumors are true along with end of GT3 production until 992.2 (2025), then 50K is a no brainer in the current market if you want one.
#5391
At this rate, the 992.2 GT3 MSRP will be ~$200k
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Diablo Dude (03-27-2023)
#5395
#5396
Maybe. But the market’s already dropped 10% from its peak, and every time it tries to go slower it gets clawed back. It’s not remotely clear the interest rate hikes will exceed what the market has already priced in as the Fed starts to slow down how many banks explode. And a recession ? Maybe. But no indication it will be long or particularly severe as it’s basically entirely artificially engineered by the Fed. Demand and employment remain strong.
The future is hard to predict, but the doom and gloomers have never explained how bad a recession would be when demand is enormous and employment is at record levels. It’s like the underpants gnomes for despair. Step 3: catastrophe!
I stand by my assessment from the beginning of this thread. Actually rich people will weather the current and near future chaos comfortably. Either profits stay high, or interest rates get cut. It’s win win. You’re not moving up the list at your dealer by being on the side lines
The future is hard to predict, but the doom and gloomers have never explained how bad a recession would be when demand is enormous and employment is at record levels. It’s like the underpants gnomes for despair. Step 3: catastrophe!
I stand by my assessment from the beginning of this thread. Actually rich people will weather the current and near future chaos comfortably. Either profits stay high, or interest rates get cut. It’s win win. You’re not moving up the list at your dealer by being on the side lines
#5397
TL;DR for the GT market, a recession isn’t enough. It doesn’t matter. You need to change the spending habits of much richer people. And as long as folks think a recession will be short and money cheap again why would they change their spending ?
#5398
#5399
Rennlist Member
Joined: May 2012
Posts: 13,409
Likes: 4,592
From: Mid-Atlantic (on land, not in the middle of the ocean)
There was a big drop in US sales volumes of Porsches during the financial meltdown which started in 2008. The 2007 sales volume was not reached again until 2012. If we have a serious recession in the next year or so, I expect that demand for these cars will come down a lot, and therefore ADM will come down a lot also, maybe to zero or less.
https://press.porsche.com/prod/press...s?OpenDocument
Also, most of the growth of Porsche annual sales volume over the past 20 years has been due to the Cayenne, Panamera, Macan, and Taycan. Porsche has gradually turned into a company that primarily makes SUVs and sedans, and also happens to make some rear-engine and mid-engine sports cars.
https://www.stuttcars.com/porsche-sa...ction-numbers/
https://press.porsche.com/prod/press...s?OpenDocument
Also, most of the growth of Porsche annual sales volume over the past 20 years has been due to the Cayenne, Panamera, Macan, and Taycan. Porsche has gradually turned into a company that primarily makes SUVs and sedans, and also happens to make some rear-engine and mid-engine sports cars.
https://www.stuttcars.com/porsche-sa...ction-numbers/
#5400