A place to discuss all things ADM
10-26-2023, 06:16 PM
#7216
Burning Brakes
10-27-2023, 01:09 PM
#7217
Rennlist Member
145 992 GT3's for sale on Autotrader right now. 320 total GT3's of all generations for sale. Seems like inventory is increasing for winter.
10-27-2023, 05:08 PM
#7218
Yup.
Nice to see that half of that growth came from very robust consumer spending.
It rose at a 6.1% annual rate in the quarter. That's the fastest pace since Q2 of 2020.
Americans bought big-ticket items such as cars (+13.5%) and household equipment (+12.8%)
Nice to see that half of that growth came from very robust consumer spending.
It rose at a 6.1% annual rate in the quarter. That's the fastest pace since Q2 of 2020.
Americans bought big-ticket items such as cars (+13.5%) and household equipment (+12.8%)
10-27-2023, 07:08 PM
#7219
All rear view stuff and let's see how long that consumer spending lasts all the while interest rates keep grinding higher. Consumer spending won't fall apart as long as you don't see a material increase in unemployment as spending is a hell of a drug even if you use credit to do it.
10-27-2023, 09:00 PM
#7221
Rennlist Member
10-30-2023, 05:00 PM
#7222
All rear view stuff and let's see how long that consumer spending lasts all the while interest rates keep grinding higher. Consumer spending won't fall apart as long as you don't see a material increase in unemployment as spending is a hell of a drug even if you use credit to do it.
Everybody and their brother (including corporate America) locked in very low fixed rates in the last rate cycle.
And the older age group "wealthier" crowd has been spending money on "experience" type spending like cruises, travel, dining, and entertainment.
Meanwhile, they are making 5.5% risk-free in treasury bills.
A surge in wealth has boosted most US households since 2020 and helped sustain economic growth | AP News
10-30-2023, 05:42 PM
#7223
Clearly rising rates don't impact the consumer like they did once before, hence all of the strength.
Everybody and their brother (including corporate America) locked in very low fixed rates in the last rate cycle.
And the older age group "wealthier" crowd has been spending money on "experience" type spending like cruises, travel, dining, and entertainment.
Meanwhile, they are making 5.5% risk-free in treasury bills.
A surge in wealth has boosted most US households since 2020 and helped sustain economic growth | AP News
Everybody and their brother (including corporate America) locked in very low fixed rates in the last rate cycle.
And the older age group "wealthier" crowd has been spending money on "experience" type spending like cruises, travel, dining, and entertainment.
Meanwhile, they are making 5.5% risk-free in treasury bills.
A surge in wealth has boosted most US households since 2020 and helped sustain economic growth | AP News
10-30-2023, 06:04 PM
#7224
All rear view stuff and let's see how long that consumer spending lasts all the while interest rates keep grinding higher. Consumer spending won't fall apart as long as you don't see a material increase in unemployment as spending is a hell of a drug even if you use credit to do it.
10-30-2023, 06:11 PM
#7225
Like I said, spending is a hell of a drug. We'll see how long it lasts.
10-30-2023, 07:28 PM
#7226
Household Debt and Credit Report - FEDERAL RESERVE BANK of NEW YORK (newyorkfed.org)
But you're ignoring the other side of the balance sheet which has resulted in lower "financial fragility" for the U.S. consumer.
The median debt payments as a share of income fell to 13.4%, the lowest seen in the 33 year history of the Fed's survey of consumer finances.
How U.S. household net worth grew during the pandemic (axios.com)
10-30-2023, 07:36 PM
#7227
Rennlist Member
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I'm reading a really good book called "Confessions of the Pricing Man: How Price Affects Everything" by Hermann Simon. Very insightful book, and perhaps the central idea is that the price people are willing to pay for something is based on its perceived value.
So I guess a lot of these Porsches are selling for well over MSRP because people perceive them to be worth the higher prices. A lot of factors influence how value is perceived and the perception can change over time. This may be a better way to look at it than simply demand vs supply.
I was driving my 992 TTS today and thinking "I know the profit margin is high on this thing, but this car is so damn good that I think it's worth the money!"
So I guess a lot of these Porsches are selling for well over MSRP because people perceive them to be worth the higher prices. A lot of factors influence how value is perceived and the perception can change over time. This may be a better way to look at it than simply demand vs supply.
I was driving my 992 TTS today and thinking "I know the profit margin is high on this thing, but this car is so damn good that I think it's worth the money!"
Last edited by Manifold; 10-30-2023 at 08:14 PM.
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10-30-2023, 07:56 PM
#7228
I'm reading a really good book called "Confessions of the Pricing Man: How Price Affects Everything" by Hermann Simon. Very insightful book, and perhaps the central idea is that the price people are willing to pay for something is based on its perceived value.
So I guess a lot of these Porsches are selling for well over MSRP because people perceive them to be worth the higher prices. A lot of factors influence how value is perceived and the perception can change over time. This may be a better way to look at it than simply demand vs supply.
I was driving my 992 TTS today and thinking "I know the profit margin is high on this thing, but this car I car is so damn good that I think it's worth the money!".
So I guess a lot of these Porsches are selling for well over MSRP because people perceive them to be worth the higher prices. A lot of factors influence how value is perceived and the perception can change over time. This may be a better way to look at it than simply demand vs supply.
I was driving my 992 TTS today and thinking "I know the profit margin is high on this thing, but this car I car is so damn good that I think it's worth the money!".
10-30-2023, 07:59 PM
#7229
Burning Brakes
I'm reading a really good book called "Confessions of the Pricing Man: How Price Affects Everything" by Hermann Simon. Very insightful book, and perhaps the central idea is that the price people are willing to pay for something is based on its perceived value.
So I guess a lot of these Porsches are selling for well over MSRP because people perceive them to be worth the higher prices. A lot of factors influence how value is perceived and the perception can change over time. This may be a better way to look at it than simply demand vs supply.
I was driving my 992 TTS today and thinking "I know the profit margin is high on this thing, but this car I car is so damn good that I think it's worth the money!".
So I guess a lot of these Porsches are selling for well over MSRP because people perceive them to be worth the higher prices. A lot of factors influence how value is perceived and the perception can change over time. This may be a better way to look at it than simply demand vs supply.
I was driving my 992 TTS today and thinking "I know the profit margin is high on this thing, but this car I car is so damn good that I think it's worth the money!".
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Manifold (10-30-2023)
10-30-2023, 08:09 PM
#7230
I rather pay a higher MSRP and have it go to Porsche where it will be used to build cool cars in the future versus line of the pockets of a vampire stealers like AutoNation.
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