A place to discuss all things ADM
11-19-2023, 11:48 PM
#7471
Sorry, I didn’t get past “Wall Street is run by democrats”. Glad to see you’re well stocked in good stuff before the holidays.
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11-20-2023, 01:00 AM
#7472
I agree, which is why I highlighted that part. Not everyone on here is from the US.
One thing to note, there have been several Youtubers lately that have pointed to data supporting either prices falling or stabilizing. Doug Demuro pointed to them falling, and he is using actual auction data as he has a team of people who evaluate pricing and reserves for Cars & Bids which he founded. Then there are other guys like Harold from Four Wheel Trader on youtube which many of his videos are posted here. The thing to note about his videos, is he is using listed prices of cars, and shows them having stabilized. i think Doug's method of using actual auction closings and sale prices is far more relevant than what cars may be listed at, especially given the speculative nature of the GT car market with people listing cars all over the place (Doug has also built a $100M+ online auto auction platform vs. Harald appears to be in a basement). There are GT cars that have been listed for 485 days, with 23 miles on them. This is a discussion based on actual data the last few months, not speculation on prices going forward.
One thing to note, there have been several Youtubers lately that have pointed to data supporting either prices falling or stabilizing. Doug Demuro pointed to them falling, and he is using actual auction data as he has a team of people who evaluate pricing and reserves for Cars & Bids which he founded. Then there are other guys like Harold from Four Wheel Trader on youtube which many of his videos are posted here. The thing to note about his videos, is he is using listed prices of cars, and shows them having stabilized. i think Doug's method of using actual auction closings and sale prices is far more relevant than what cars may be listed at, especially given the speculative nature of the GT car market with people listing cars all over the place (Doug has also built a $100M+ online auto auction platform vs. Harald appears to be in a basement). There are GT cars that have been listed for 485 days, with 23 miles on them. This is a discussion based on actual data the last few months, not speculation on prices going forward.
11-20-2023, 01:23 AM
#7473
11-20-2023, 01:43 AM
#7474
Fair trade in 23 tts
My 2024 tts PTS is built and on its way to port. I have a 2023 turbo s that msrp’d for $255. Has 1400 miles. Nice build. Thoughts on $245k trade value, fair for the pts allocation with no ADM? Trade in is perfect. PPF front, ceramic coat….
11-20-2023, 02:55 AM
#7475
This is probably one of the worst videos on this analysis I have ever seen. "The 911 Sport Classic, which just a few months ago had a sticker price of $274K, and is now selling for well over $500K, so obviously Porsche values are sky rocketing, so you better buy one now before they all become unaffordable." :Lmao This guy also is looking at listings of new specialty cars, vs. actually looking at the sales prices of cars that have been available for a while. The SC was never available at MSRP, even so you can't compare a car that came out recently. It would make more sense to look at actual sales of models that have been out more than 6 months.
11-20-2023, 03:40 AM
#7476
Burning Brakes
I was offered a 2024 Turbo S cab at msrp last week. Seems the turbo s cab is not all that popular compared to say the GT3. I turned it down- at that time. But sent the salesman an email earlier today - Sunday- and asked if it is still available. I am addicted to building cars on the configurator and then waiting for them. My wife does the same but shoes are a lot cheaper!
11-20-2023, 05:52 AM
#7477
I was offered a 2024 Turbo S cab at msrp last week. Seems the turbo s cab is not all that popular compared to say the GT3. I turned it down- at that time. But sent the salesman an email earlier today - Sunday- and asked if it is still available. I am addicted to building cars on the configurator and then waiting for them. My wife does the same but shoes are a lot cheaper!
11-20-2023, 08:18 AM
#7478
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Last edited by Manifold; 11-20-2023 at 01:08 PM.
11-20-2023, 12:51 PM
#7479
Problem is, the TTS depreciation curve is steeper than that of a GT3. So all things being equal and PTS color aside, there will be some money left on the table, certainly on the back end when it is time to depart from the MY24. This said, do whatever you want, it's your money. Good luck!
11-20-2023, 02:51 PM
#7480
Rennlist Member
This is probably one of the worst videos on this analysis I have ever seen. "The 911 Sport Classic, which just a few months ago had a sticker price of $274K, and is now selling for well over $500K, so obviously Porsche values are sky rocketing, so you better buy one now before they all become unaffordable." :Lmao This guy also is looking at listings of new specialty cars, vs. actually looking at the sales prices of cars that have been available for a while. The SC was never available at MSRP, even so you can't compare a car that came out recently. It would make more sense to look at actual sales of models that have been out more than 6 months.
SC is on its way down. 649 asking to 499 asking in just a few months.
11-20-2023, 03:19 PM
#7481
P. AG. did SC customers a disservice by offering the Heritage Interior Package as an option on 911s. Which leaves you as an owner, with nothing other than a numbered car with an engine/tranny mating and some decals. Don't get me wrong. I would love one, but not at $200K over sticker.
11-20-2023, 03:38 PM
#7482
P. AG. did SC customers a disservice by offering the Heritage Interior Package as an option on 911s. Which leaves you as an owner, with nothing other than a numbered car with an engine/tranny mating and some decals. Don't get me wrong. I would love one, but not at $200K over sticker.
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11-20-2023, 04:58 PM
#7483
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I honestly don't personally get the SC - its pretty for sure and has nice seats - but $500K for a (slow) Turbo with a manual? I am not sure I would take one except at MSRP and just to be different. Not trying to offend any S/C owner but at $500K - soo many alternatives that I personally would take.
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11-20-2023, 05:16 PM
#7484
Burning Brakes
For the low low ADM of $472, Friday at Laguna 103db. No place I'd rather be on the nightmare of Black friday then on a racetrack away from the crowds
The bay area GT cars got to make a showing guys, this is a great event and its going to be 62 and sunny LFG!!!!
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11-20-2023, 05:35 PM
#7485
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Drove a loaner base Cayenne today, I believe 2024 model. I was underwhelmed and disappointed. Doesn't drive nearly as well or sound as good as our 2013 Cayenne GTS though, to be fair, the GTS was $100k a decade ago, whereas the new one is $92k, so the GTS is a much more expensive vehicle when adjusted for inflation. The handling of the new Cayenne is just ok - not fun to drive - and you can barely hear the engine. The interior of the vehicle is also kind of plain, doesn't look high end.
All of this drives home the point for me that Porsche sports cars vs the SUVs and sedans are two very different categories of vehicles, targeted towards different kinds of buyers and drivers. The stuff we discuss about scarcity, ADMs, etc. with the sports cars generally doesn't really apply much to the utility cars.
All of this drives home the point for me that Porsche sports cars vs the SUVs and sedans are two very different categories of vehicles, targeted towards different kinds of buyers and drivers. The stuff we discuss about scarcity, ADMs, etc. with the sports cars generally doesn't really apply much to the utility cars.