GM has addresse dealer ADM (for Z06).. your move Porsche (for GT3's etc.)
#16
Porsche's in Canada are sold to customers at MSRP or less.
Porsche dealers have now increased deposit amounts and ask customers to sign a ROFR. (Non VIP)
Upon submission of the v70, the customer names are checked to ensure no duplicate entries, if found both submissions get punted.
Why couldn't this work in the US? (with some tailoring for the US buyers)
GL all!
Porsche dealers have now increased deposit amounts and ask customers to sign a ROFR. (Non VIP)
Upon submission of the v70, the customer names are checked to ensure no duplicate entries, if found both submissions get punted.
Why couldn't this work in the US? (with some tailoring for the US buyers)
GL all!
The following 2 users liked this post by RealityGT:
RolloGigolo (01-20-2022),
Tedster (01-19-2022)
#17
Yup that happens now ………..that’s how I got my Speedster dealer purchased and titled with 18 delivery miles slapped on 200K ADM January 2020, and it was Covid nothing selling so I offered a cash buy June 2020 they said bla, bla. Next day called me to come get it in one hour MSRP, and sold a 2nd one they had on the floor at MSRP. Only thing I got nailed on is 6 months less warranty as it was punched to show a sale. Dealers will always have a legal way around these letters, you’re seeing corporate PR it’s not GM but it’s our dealers being bad.
Ultimately like we always come back to, the easiest way to undercut the games is just to build more cars. More profitable for Porsche, and they don't have fight their dealer network over it.
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#19
Dealers can always find a way to markup a car in their possesion, the trick is that the manufacturer can always reduce future allocations of the really desirable cars based on that behavior. But that depends on how easy it is to detect the shenanigans.
Ultimately like we always come back to, the easiest way to undercut the games is just to build more cars. More profitable for Porsche, and they don't have fight their dealer network over it.
Ultimately like we always come back to, the easiest way to undercut the games is just to build more cars. More profitable for Porsche, and they don't have fight their dealer network over it.
Last edited by Maverick787; 01-19-2022 at 12:43 PM.
#20
‘Exactly this …..this car buying season is the Matrix I’ve never seen it, and perfect example 20k for a freaking Kia. I will just watch all this with popcorn ………..my cousin just sold his house in Palm Beach he purchased for 3M 6 years ago and sold it last week for 7.5M. People are cashing out for a reason, and it’s the ones with multiple cars/property unloading it’s not buying season if you don’t have to my opinion.
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Mr Mojo Risin (01-19-2022)
#22
https://www.seattletimes.com/busines...uction-houses/
#23
well, for all of us who have wondered if it was possible to address and or "solve" dealer ADM (in quotes because many of us have come up with half-baked but earnest solutions to dealer ADM).. GM, (yes General Motors).. has just issued a letter to it's dealer network that seems to directly address the ADM issue for the Corvette Z06 (and other upcoming high interest cars). It seemed so simple to many of us who have been watching, suffering, agonizing even over this issue.. that something should be done, but we kept hearing that because of US franchise laws, "nothing could be done". Porsche appeared to either not care or not be able to do something about the situation, and many lifelong Porsche customers were left with a very bad impression of the brand in this respect. It seems though, that this apparent impotence was more akin to unwillingness to act. I'm totally impressed with the letter GM just sent out to its dealer network.. now whether it has teeth and how they enforce the letter remains to be seen, but they clearly have set a precedent that GM will discipline dealers who tarnish the GM brand by adding ADM and other practices outlined in the letter.
"it has come to our attention that some of our dealers do not support a positive sales experience for their GM customers...." and it goes on beautifully from there.... (protected text so can't copy paste.. click on the link for more) here is the letter.. it's so beautiful it brought a little tear to my eye. This is a company with some cojones!!
Corvette Price Gouging: GM puts dealers on notice
so, after reading this, we can finally point to Porsche management with our little index fingers and ask "Et Tu Brute?"
"it has come to our attention that some of our dealers do not support a positive sales experience for their GM customers...." and it goes on beautifully from there.... (protected text so can't copy paste.. click on the link for more) here is the letter.. it's so beautiful it brought a little tear to my eye. This is a company with some cojones!!
Corvette Price Gouging: GM puts dealers on notice
so, after reading this, we can finally point to Porsche management with our little index fingers and ask "Et Tu Brute?"
It was no problem for me to paid $30k on the secondary market to a VIP to order my Touring because Porsche Chandler did not acknowledge I did $240k worth of business in their first 5 months of being open in 2016 with a slot.
Porsche is a sell out for short term cash, not a boon to long term loyal customers.
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azzurri (01-23-2022)
#24
The exceptionally simple solution to this from a dealers perspective is to title the car, which then makes it a used car, and then sell it for whatever price they want. Even if GM wanted to enforce ADMs, I don't see how they could impact that scenario unless they are planning on fighting dealers in court.
#25
They will sell at MSRP but add 15-20k worth of “options”. I.e ppf for 10k, ceramic coating for 5k, tint 5k lol and that’s how they’ll get their ADM but still Showing GM they are selling them at MSRP
thats what my dealer is doing at least
thats what my dealer is doing at least
#26
I won't buy another Porsche because the terrible dealer experience. Great cars but the dealers simply make this a lackluster experience when it should be fun and exciting.
It was no problem for me to paid $30k on the secondary market to a VIP to order my Touring because Porsche Chandler did not acknowledge I did $240k worth of business in their first 5 months of being open in 2016 with a slot.
Porsche is a sell out for short term cash, not a boon to long term loyal customers.
It was no problem for me to paid $30k on the secondary market to a VIP to order my Touring because Porsche Chandler did not acknowledge I did $240k worth of business in their first 5 months of being open in 2016 with a slot.
Porsche is a sell out for short term cash, not a boon to long term loyal customers.
20+ something years later I visited several Porsche dealerships to put my order in for one.
And not a single dealer wanted to sell me one. Fine, I get it, I have to be "special" to get a GTx, how about a Turbo? Nah, I need to be "special" to get one of those too.
How about a Carrera GTS? Nah, need to be special for that too. They said I should buy a Macan, I'm good enough for that.
The dealership experience over the past few years left a really sour taste in my mouth, so much so that I no longer want a 911 (or a Porsche, for that matter) anymore.
Last edited by KSEGG; 01-19-2022 at 05:27 PM.
#27
When I was 12, I was like that kid in that old 997 commercial who went after school to the Porsche dealership to look at 911's.
20+ something years later I visited several Porsche dealerships to put my order in for one.
And not a single dealer wanted to sell me one. Fine, I get it, I have to be "special" to get a GTx, how about a Turbo? Nah, I need to be "special" to get one of those too.
How about a Carrera GTS? Nah, need to be special for that too. They said I should buy a Macan, I'm good enough for that.
The dealership experience over the past few years left a really sour taste in my mouth, so much so that I no longer want a 911 (or a Porsche, for that matter) anymore.
20+ something years later I visited several Porsche dealerships to put my order in for one.
And not a single dealer wanted to sell me one. Fine, I get it, I have to be "special" to get a GTx, how about a Turbo? Nah, I need to be "special" to get one of those too.
How about a Carrera GTS? Nah, need to be special for that too. They said I should buy a Macan, I'm good enough for that.
The dealership experience over the past few years left a really sour taste in my mouth, so much so that I no longer want a 911 (or a Porsche, for that matter) anymore.
https://m.youtube.com/watch?v=7sWPHKU1XZU
#28
IF Porsche said dealers had to sell at MSRP.... The Dealers would require a GT Car trade-in which they would lowball and require financing through their lender.
they will get the money one way or the other! It is what it is! Supply and Demand. I love it!
they will get the money one way or the other! It is what it is! Supply and Demand. I love it!
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wdr911 (01-19-2022)
#29
Porsche will not act to change things unless and until customers express their disapproval by buying other brands. Right now, their customers are the dealers, not us. That is not likely to change anytime soon even though Porsche has tried, as recently as 2019 to direct sell. And we are demanding more of their cars. But like the Tulip Mania, this too shall pass. And at some point dealers will struggle to sell cars. Right now, the price of a GT3, exceeding $300k with ADM is beyond reason for most prospective customers. I was looking forward to a promised allocation but that has been pushed out nearly a year. I am considering other brands but will probably wait However if dealers are still charging sky high ADM in 2023 I will look elsewhere.
#30
Unfortunately, that letter doesn't do anything to address the issue of ADM. There is a reason the letter doesn't say "Dealers in our network who charge more than X above the stated MSRP will experience X disciplinary action." The reason is because price fixing is illegal in the United States. Ultimately that is the seemingly impossible hurdle to get around and is the reason that Porsche hasn't done anything about it.