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I’m just glad to see this thread finally taking a real step up in irrelevance and animosity to seriously compete for worst thread ever. Not sure it’s defeated the King Elon and BEV’s are a lie thread yet, but I have faith we can do it!
Seems like auctions are already ending at what I was expecting they would be by Q3 of this year. Wondering how close these will actually get to MSRP now. We have seen a few end sub $30K recently.. This is a 2023 model with delivery miles and manual selling for less than $28K over. Since it was just purchased, it has full warranty, wondering when people who are sitting on 2 year old cars are going to realize losing warranty each month should cost something as well. At this stage if a 2023 with 150 miles and manual is going for $28K over, then a 2022 PDK car with 5K-10K miles which are all over autotrader should realistically be close to MSRP, but they are listed for much higher and sitting. I think dealers know this, and are pulling cars off of online listings It doesn't look good when you have had a car listed for 200+ days and prices are dropping on auctions. I have only seen a few examples that I can trace, but it looks like dealers are just selling amongst each other to get out of cars they have held for so long. There is a big difference between the auctions as of late, vs the asking prices of listed cars. This is all for regular non PTS cars, a well optioned PTS car in a good color seems to still command a higher premium.
Imo cars that sit a while is not an indication that they're priced high. There are less people out there that can afford a GT3 compared to a Toyota. And when a prospective buyer is in the market they're looking for an exact car w/ color and options they prefer. Sometimes they find their car immediately, and sometimes it takes two years like it did for me.
Imo cars that sit a while is not an indication that they're priced high. There are less people out there that can afford a GT3 compared to a Toyota. And when a prospective buyer is in the market they're looking for an exact car w/ color and options they prefer. Sometimes they find their car immediately, and sometimes it takes two years like it did for me.
I think there's also a factor that most of the people who really wanted a GT3 already bought one, and paid what they had to pay. So there are less people around who still really want a GT3, and they'll tend to be both more picky about the build and not willing to pay as much.
The announcement reads as though it's another 4 - 8% increase.
I dont think that Reuters would be referencing the previous price-hike and do so on May 3rd.
The announcement reads as though it's another 4 - 8% increase.
I dont think that Reuters would be referencing the previous price-hike and do so on May 3rd.
I would find it pretty strange if they did another price hike 1-2 months later, but this article also reads as if another hike is coming after the Q1 hike.
Porsche first increased prices in the first quarter of the year, which it believed was necessary to help combat climbing input costs and investments into vehicle development. Now, the company has seen the results of that price increase, with both revenue and profits climbing roughly 25% year-over-year (YoY) during Q1.
It’s another price hike coming, it’s being discussed on the European Porsche boards. The first one (one we experienced) was market specific, this new one is across the board, world wide increase.
It’s another price hike coming, it’s being discussed on the European Porsche boards. The first one (one we experienced) was market specific, this new one is across the board, world wide increase.
What a cluster **** from the Porsche pricing team.
So I'm price protected over two separate price increases? That's hard to believe that there would be two increases since I ordered my GT3 around Thanksgiving.
So I'm price protected over two separate price increases? That's hard to believe that there would be two increases since I ordered my GT3 around Thanksgiving.
You should be price protected if PAG has N+7 more price increases going forward, so no reason to lose sleep over it.
And of course another round of price increase is coming, should not be any surprise to anyone. The last one was an in-model year increase, next is moving to the MY24 run, so in a 12-month span PAG would have increased the base price 3 times, and in meaningful amounts. Why? Because they can.
And while waiting since Thanksgiving seems (and is) a lot, consider yourself fortunate. I had the first Touring allocation at the store (Feb '22), and by the looks of it won't see my car States-side till Sept '23 = 19+ months later. PtS/CXX had a say, as well as the numerous exogenous and endogenous (i.e. well within PAG's own purview) factors, but as the saying goes: fret not over what you can't control.
You should be price protected if PAG has N+7 more price increases going forward, so no reason to lose sleep over it.
And of course another round of price increase is coming, should not be any surprise to anyone. The last one was an in-model year increase, next is moving to the MY24 run, so in a 12-month span PAG would have increased the base price 3 times, and in meaningful amounts. Why? Because they can.
And while waiting since Thanksgiving seems (and is) a lot, consider yourself fortunate. I had the first Touring allocation at the store (Feb '22), and by the looks of it won't see my car States-side till Sept '23 = 19+ months later. PtS/CXX had a say, as well as the numerous exogenous and endogenous (i.e. well within PAG's own purview) factors, but as the saying goes: fret not over what you can't control.
Yes, I understand that my order is price protected. Are you sure that this second price increase is for the 2024 MY?
We all know that Porsche is very proud of their products. Some of this increase stems from wanting to get in on the ADM action, and demand remains high of course. But inflation is also getting out of hand. The fed bumped rates again today.
Well, a median price hike of 6% would be an MSRP increase of $10,182 on top of the previous $13,000 increase.
Looks like the anti-ADM crowd was right. My ADM is heading to ZERO!
And today, I just got a $200 check in the mail from Porsche. Yayz!
Last edited by Diablo Dude; 05-03-2023 at 05:59 PM.
05-02-2023, 11:59 PM
