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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!"
I thought the same thing after driving my 2023 Touring and experiencing the massive amount of grip and stunning turn-in.
I thought the same thing after driving my 2023 Touring and experiencing the massive amount of grip and stunning turn-in.
Porsche really has this sports car engineering thing figured out. And they're reaping the rewards for it. I'd love to see them face stiffer competition in the $100-250k price range, but so far it hasn't really happened. They've managed to combine the benefits of boutique engineering and (relatively) mass production in a way no other manufacturer has. 992 GT3 and 992 TTS are quite similar in some ways, yet Porsche also manages to make them quite different in their personalities. Fascinating.
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.
No question that the average American (by mean, not median) did very well through the pandemic. The data series above ends in 2022 it looks like so I'd be curious to see how that's changed with home prices stalled / trending down slightly and the S&P still a good 12% or so below the Dec 31 2021 peak while debt has climbed and interest coverage ratios have declined. I imagine it's kind of the same deal like with corporates; the solid ones continue to have rock-solid balance sheets and the cuspy ones are getting hammered. Deliquencies overall are still well within acceptable parameters but consumer lending guys are getting a little nervous with unsecured / auto debt.
Is it safe to assume that on Wednesday if they don’t do another rate hike, that no one believes the GDP number?
No.
Jerome Powell and his colleagues have already stated that they believe that the recent move up in yields is doing some of the tightening for them.
Thus, no need to raise rates. The market is doing their work for them.
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.
For those of you getting allocations at MSRP, is there an expectation that you won't ever flip the car for a profit, and will instead trade the car back to the dealer at MSRP or market value, whichever is lower? Or is there an expectation that you'll trade in a car and take a big hit on the trade-in value?
For those of you getting allocations at MSRP, is there an expectation that you won't ever flip the car for a profit, and will instead trade the car back to the dealer at MSRP or market value, whichever is lower? Or is there an expectation that you'll trade in a car and take a big hit on the trade-in value?
There's an unspoken agreement with my dealer that once I'm done with my GT cars that I'll trade them back in to get the next new GT cars. I've always gotten MSRP or a little higher and the dealer ended up selling the car that I traded in for about 10%-15% more than what I got for the trade in value.
For those of you getting allocations at MSRP, is there an expectation that you won't ever flip the car for a profit, and will instead trade the car back to the dealer at MSRP or market value, whichever is lower? Or is there an expectation that you'll trade in a car and take a big hit on the trade-in value?
Why are you asking this question if you currently already have an MSRP dealer feeding you cars?
You already have a situation that is beneficial to you.
and to answer your question each persons situation is different. You already know this.
poofy, take a chill. Mani is bored and simply asking a question, right?! Isn't that why we have a forum?
Mani, as you know I had a couple of Tourings and i just switched to a 24 winged car. My dealer (the GM and I are very close friends) and I have a very clear rule. We do the right thing by each other and, WHEN he gives me a deal, I make sure he gets the car and can make whatever "profit" there is to be made. Buying a 24 today, while i dont care about profit, I dont suspect prices are going to drop such that I would lose (meaning sell it and prcies be below MSRP). After all, very few new allocations given the RS builds happening.... your thoughts?
10-30-2023, 08:22 PM
