3-Pedals

I dont think so. Here is the thing with increasing prices, you cant easily decrease them when things dont work out. You can always hire more people and change your suppliers. Porsche isnt stupid and has executives that get paid millions of euros to hedge their bets properly. They see the writing on the wall with the economy. As quickly as things went up after covid, they can very quickly go back down. All it takes is a few back to back disasters.

Porsche can learn from Ford a thing or two and either eliminate the ADMs or pocket some of that in the form of "reduced kickback bonuses" to the dealers.

supershaft

As of now (and a year ago) no one has been able to accurately predict the economy.. I thought last year surely we would be in a recession by now but home prices in most dense regional markets are still on fire with bidding wars, uses car prices notched up for a few months, and the Russian invasion is still ongoing with no end in sight. The markets are priced in with these in mind and porsche sees the massive adm still being paid and wants that piece of the pie.

3-Pedals

Well, we'll see about that (and I hope you are right as far as the economy).

AlexCeres

Some extremely nice cars there. Used prices are still a bit rough but softening. Porsche has the sub $200K niche sown up, but with adm and these special models hitting 250-275 or more you really ought to play the field. Fish in the ocean. Etc etc. I would 100% rather have a 720 than a 992 gt3rs. Ymmv.

ipse dixit

Trust me there will be a price increase. How much is anyone’s guess.

And, no, PAG is not going to just layoff people. They’re a German company, after all.

TRZ06

Keeping MFG bias out of the equation and sticking to performance, that is not true.

The C8 Z06 absolutely does, and for cheaper. A used McLaren 600 LT does as well.

ipse dixit

No MT on the Vette.

Irrelevant to compare a used car, especially a McLaren, to a new Porsche.

TRZ06

Both of those points are irrelevant to what I was replying to.

groundhog

The problems you have alluded to are not unique to the US, nearly all major reserve banks dramatically increased monetary supply during COVID - in part this was due to governments not taking hard decisions e.g. not reducing non-essential public servants down to two paid work days a week (as one example from a large list).

Also and remarkably, all chairs of most of the major reserve banks failed to act quickly on inflation. This is staggering given the influx of "money" into the economy - both through QE and policy. They were slow to act because of other factors particularly the highly leveraged private housing sector - you know the crowd that always cries money is cheap, take debt whilst also failing to qualify that with take debt for liquid assets.

The level of world "stupidity" at the moment beggars belief. However, it is emblematic of two things (1) Generally very poor leadership in government and the public service (2) electorates that are disengaged and relentlessly pushed ill thought and often scientifically and technically illiterate policies - the consequence is the dog eating its tail and getting the "government you deserve"

Porsche are putting up prices for 2024

Marv

‘How could Porsche get a share of the ADM?

AlexCeres

I’m glad we could turn another thread into an economic illiteracy ****show. It’s refreshing to start seeing the Tesla thread eclipsed…

Diablo Dude

Or, they can just increase the MSRP.
Which you dont think they can, or will do.

groundhog

Some people just can't handle facts - they are the same people that never learn the lessons of history or believe science is a dictated immutable religion with a specific political flavour.

The US has over 30 trillion dollars debt or approximately $100K per capita.

Irrespective - Porsche prices will be going up and those that don't get a lock before specific dates will have to wear that along with any currency hedge that is added to that increase.

Virtually all car manufacturers are doing this, specifically those that have excess demand for product and supply chains under duress.

Diablo Dude

Bingo.

Finlander

Porsche Announces Significant Price Increase for 2024 Model

Porsche has said the price increase is required to maintain high profit margins in the face of increased costs to build EVs.

https://rennlist.com/articles/porsche-announces-significant-price-increase-for-2024-models/?utm_source=2023324&utm_medium=email&utm_campaign=content