Porsche West Palm has this used 2020 992 Base listed for $8000+ over its new MSRP. It is a very nice spec but don't feed the inflation beast.

https://www.vinanalytics.com/car/WP0AA2A92LS206441/


https://www.porschewestpalmbeach.com...aa2a92ls206441

 

prices for used cars are crazy, but this is the current market , some will buy and some won't
but that what will determine the market
6 months ago , I would have predicted that the market will fizzle away by now but it continues to heat up
so obviously there are more buyers than sellers

 

I posted about this a few weeks ago. I saw almost every dealer around my here in socal posting used 911's for over MSRP. I then went to said dealers to see what they would give me for my 162k loaded up chalk 911 S. They all came in around 130-135K. I laughed at them and explained that I see they are listing used cars over MSRP and they just kinda looked at me like "and?"

Seems to me that car sales in general has really brought out the typical "plaid sport coat, greasy hair with a gold front tooth" slim ball used car salesmen in them.

I think a good question is... Who here paid over MSRP for a used one???

 

Inflation is running at 10% now, I see it easily in my household budget. Government stats admitted to 5% of that this morning, it's really double that. I am frankly amazed the 2022 models held to just a 2% price increase - that isn't going to last long.

 

Sold my Gt4 to the dealer in March for $ 80 8000 mi LWB perfect car . They got 94 for it msrp was 92. Carl

 

As I posted in the Panamera forum, unfortunately it’s a seller’s market right now. To put things in perspective, WSJ reported (link) that from January 2020 to April 2021, new car prices went up 9.6% and used car prices went up 17%. I was looking at CPOs earlier this year but realized it makes more sense to order a new. I actually saw a couple instances where a car sitting on the lot for weeks had its asking price significantly raised and it still ended up selling!

Also, Porsche just raised the MSRPs on most 2021 models/trims by about 1-1.5%. The inflation is real but hopefully will be short lived.

 

They do it, because people are willing to pay it. It is a seller's market.

 

The car, housing, computer, etc. markets are all pure madness right now. I don't expect things to normalize until at least Q1 22.

 

This is the new normal.

 

I would agree with this expectation of a more normal pricing environment in 6-8 months as supply chains stabilize and exceed the take rate on various levels.
Expect a rather hard landing for the real estate market in certain areas as the price spike comes down as fast as it rose. The market here in S FL has been ridiculous with buyers from the North East grabbing everything that is listed. Many of these so called "pending" or "contingent" sales fall through as the banks refuse to finance panic buying for unqualified buyers. We can't all afford two homes. Many of the recent sales will be back on the market in the next 12-24 months as the economic realities of multiple home ownership gives a harsh wake up call for many of these new home owners in paradise.

 

Am I missing something? What's the prime reason not to buy?

 

Exactly. 😱

 

It seems it means don't buy used. If you can get a new car without dealer markup it seems that the recent price increase on the 992 models was below the rate of inflation. I would tend to think now is the perfect time to buy new.

Just don't sell it back to the dealer right away.

 

The wheels are too big

 

You are correct.

The title should be: Prime example why no one should be buying a USED 911 right now