There’s no set ADM for any new car. There’s an average value and a spread, and they change over time. Hard to really know what they are, because most transactions aren’t reported, and what does get reported can be biased.

 

911R are going for 500-800. So dealers are going to … ask. They’re building twice as many ST. Not convinced the market will support such a price for long.

 

It's pretty obvious that Porsche is building so many variations of GT cars to capitalize on the crazy demand and without flooding the market with a single model. I understand demand is higher than ever but they're really opening the taps here; hard to see sustained 6 figure ADMs for anything other than the 'hypercar' type products.

 

And I think Porsche knows that demand won't stay at this level indefinitely. If they thought that, and thought there are lots of rich people around who're desperate to get a high-end Porsche regardless of the cost, they would have already raised their prices a lot more than they have.

 

Same models as in the 991.

991 R
991 GT3
991 RS

992 GT3
992 RS
992 ST

oh in case you didn’t notice, I’d suggest you take a look at what it cost to build a 991 RS v. what is cost now to build a 992 RS. I don’t know about you but it appears to me Porsche is moving up market and charging significantly more for their cars

 

Datapoints - two 992 six speed tourings failed to cross the line. Bizarrely, the non-PTS / CXX car got to within $17k of the guards car; you think the premium for the PTS car would be a lot higher. Either way, both markups are $50-60k which is still very healthy.

https://bringatrailer.com/listing/20...gt3-touring-5/
https://bringatrailer.com/listing/20...t3-touring-46/

 

considering it was independent scummy dealers buying those two tourings....safe to say the ADM game on the 992 GT3 has just about completely died.

Mark your calendars: ADM's died on August 14, 2023. RIP flippas

Can't wait to see what kind of discounts there are in another 12 months. The sheer amount of GT cars at this point is comical.

 

So what glue are you sniffing today?

 

I'd expect that Porsche is better at predicting how many cars to build than we are. If they build too few, they leave money on the table. If they build too many, they create a glut which hurts future sales. I bet they have pretty sophisticated models for making their predictions - a lot of money at stake (Porsches' 2022 revenue was about 38 billion euros = $41 billion).

 

Red car is a 2023; purple PTS car is, well, purple, and a 2022. Makes sense to me…

 

the glue that says don’t think my depreciating asset sports car is an investment.

good luck with your “investment” I’m sure after tax, title, registration, insurance and maintenance (and of course lovely ADM) you’ll make out like a bandit on yours

 

I don't think many of these Porsche GT cars are going to work out as investments in the sense of generating a meaningful positive return (adjusted for inflation), especially if they're driven, but many of them probably won't depreciate (relative to MSRP) as much as other cars, so they're good choices from that standpoint. Of course, another way to avoid taking a depreciation hit is to buy a used car which has already taken that hit.

 

The year thing makes sense - with colours, I'd have thought that Viola is one of the more appreciated PTS colours vs something like guards but hey.

 

how do you figure it has died? certainly they've come down but if you're able to spec your own car at no ADM then it makes no sense for anyone to buy used. While I appreciate there are people here who pay no ADM (and yet more who pay $100k ADM when the car is just released), the median ADM seems to be still around $50k for new allocations. GT4 RS' on the other have markups coming down more rapidly.

 

It’s vast majority dealers bidding at this point. Joe blow has left the building and interest rates and yet another after another GT car have sucked all the wind that was left in the sails.

This 992 gen is going to be like the 993 and 996 and 997 (normal depreciation….crazy right? I know) after 5 years u sell it for half what you paid for it

911 ST is the new thing to have. I’d want one of those…