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Sadly yes. I am probably partly naive, but I got on the list in April 2017 as number 35 and now worked my way up to top 5-6.
As I said, I am SUPPOSED to get a MSRP allocation, but times have changed so much that I wouldn’t be surprised if they will suddenly broach the topic of ADM now.
It also seems that with this never ending epidemic, I will not be able to do Euro Delivery…but that is a topic for another day.
buy a used 991.2 and start enjoying. The new car is not 5 years worth of a wait better. You will also be able to trade in an older gt3 and move up the list.
Actually just about every dealer has allocations and or actually has new GT3's on their floor-- and they are asking $100,000 over MSRP however. I don't see any shortage of the GT3 actually but they want big mark-ups for them. San Diego Porsche has several on their floor but they want $115,000. They are easy to find as long as you okay paying over $100,000 over for the car-- which I am not. I have told several dealers I buy from I would pay $25,000 over -- and I think they will get there eventually. Porsche seems is building a lot of these. THe profit margin for Porsche and the dealers is huge and not that much harder to build than a Carrera really. Body, paint, seats, electronics and so on are all the same as any other 911.
Has anyone heard what the marku is on the GT$-RS with the dealers?
Actually just about every dealer has allocations and or actually has new GT3's on their floor-- and they are asking $100,000 over MSRP however. I don't see any shortage of the GT3 actually but they want big mark-ups for them. San Diego Porsche has several on their floor but they want $115,000. They are easy to find as long as you okay paying over $100,000 over for the car-- which I am not. I have told several dealers I buy from I would pay $25,000 over -- and I think they will get there eventually. Porsche seems is building a lot of these. THe profit margin for Porsche and the dealers is huge and not that much harder to build than a Carrera really. Body, paint, seats, electronics and so on are all the same as any other 911.
Has anyone heard what the marku is on the GT$-RS with the dealers?
Not rare, not scarce and available should you wish to pay all that extra. There is no shortage. Maybe if scarce could wonder why is so much of a premium. At present no way.
Not rare, not scarce and available should you wish to pay all that extra. There is no shortage. Maybe if scarce could wonder why is so much of a premium. At present no way.
The pool of available people willing to pay $100k ADM is small. This is about creating a false economy so when they offer you a $50k ADM you feel like it's a bargain. Eventually the number of people willing to pay $50k will drop off as well. I'm not biting and betting we get to no ADM towards the end of the run.
The pool of available people willing to pay $100k ADM is small. This is about creating a false economy so when they offer you a $50k ADM you feel like it's a bargain. Eventually the number of people willing to pay $50k will drop off as well. I'm not biting and betting we get to no ADM towards the end of the run.
Bingo, the $100k ADMs will dry up very quickly as more and more cars hit the US. We may not get to MSRP but if we don't then I don't see ADMs being higher than $10k-$20k. But the wild card is the FED and if they start hiking rates more and higher than people thought and stocks and crypto prices decline, then we get to MSRP no problem.
^^ First come the 40 year mortgages, then the 110% LTV lifetime HELOCS, 1% interest only loans.
If Europe can kick the can down the road, so can we. The pain will be with us for generations but for now Brandon says the economy is booming
Bingo, the $100k ADMs will dry up very quickly as more and more cars hit the US. We may not get to MSRP but if we don't then I don't see ADMs being higher than $10k-$20k. But the wild card is the FED and if they start hiking rates more and higher than people thought and stocks and crypto prices decline, then we get to MSRP no problem.
The FED is indeed the wild card.
The fact that the inflation adjusted "real" interest rate (which matters most) has gone into deeply negative territory is quite telling.
Given that the unemployment rate has dropped along with surging inflationary pressures, monetary policy has actually loosened.
Policy has overshot the mark by more than the Fed intended, and that's why you are seeing J. Powell no longer use the word transitory when he talks about inflation.
It's also why Powell sounded downright hawkish last Wednesday.
Inflationary pressures from supply-chain issues will go away next year.
But the underlying economy is growing and growth in rents and wages could keep inflation high enough to prompt multiple Fed rate increases.
The only way this doesnt happen, is if the labor market deteriorates of the CPI slows markedly.
^^ First come the 40 year mortgages, then the 110% LTV lifetime HELOCS, 1% interest only loans.
If Europe can kick the can down the road, so can we. The pain will be with us for generations but for now Brandon says the economy is booming
Not sure what you are saying about Europe, given that they've been in a massive deflationary trend for quite some time.
Hence the negative interest rates over there going back to 2014 when the ECB cut its deposit rate below 0% for the first time, to -0.1%
As for our economy here in the U.S., the latest unemployment claims number dropped to 184,000 last week, the lowest since Sept. 1969.
The four-week moving average (which smooths out week to week ups and downs and seasonality) fell below 219,000.
That's the lowest number since the pandemic hit the U.S. in March of 2020.
My SA that Just delivered my GT4 was surprised that I wired $141,500 to pay for this new car. He said almost all the buyers for these high performance models put down the minimum amount and finance the balance. They end up with their floored GT3 models as some buyers that placed an order don’t qualify for the loan once the car arrives and they have to resell it off the floor and personalized builds are often hard to sell. This happens too often on these track racers so they are not giving out allocations but only building the car themselves. When they build the car it is not some crazy spec with strange unusual options or color combinations.
Like sometimes guys will do things like spec body colored wheels —-
oh wait that was me…..
on my other 718 - Boxster GTS - also shark blue -
Porsche could sell allocations at auction for the rarer GT model and find a way to share some of the extra $$ made with the dealerships.
This way there would be less games played by the dealerships, surely more $$ in Porsche’s pockets and, perhaps (wishful thinking), less people flipping? Dunno…
My SA that Just delivered my GT4 was surprised that I wired $141,500 to pay for this new car. He said almost all the buyers for these high performance models put down the minimum amount and finance the balance. They end up with their floored GT3 models as some buyers that placed an order don’t qualify for the loan once the car arrives and they have to resell it off the floor and personalized builds are often hard to sell. This happens too often on these track racers so they are not giving out allocations but only building the car themselves. When they build the car it is not some crazy spec with strange unusual options or color combinations.
Like sometimes guys will do things like spec body colored wheels —-
oh wait that was me…..
on my other 718 - Boxster GTS - also shark blue -
it really sucks for the buyer who now can’t build to spec because some idiot found out they can’t afford it.
I also asked a similar question to my Audi sales guy a few months ago about how many people finance/lease vs cash and he just looked at me weird and said almost everyone leases or finances and those that finance are doing 60-72 mo loans.
12-04-2021 | 03:22 PM
