$10,000 Market Adjustment
#46
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Rolled over to the local Audi dealership to inquire about an RS6 Avant they’ve had hanging out on the lot for a bit. Little did I know they had an ADM on it for $50k over sticker. Gross.
In regards to the ADMs for GT cars, that will always be a thing and it has been for probably two decades simply because they don’t make enough.
On run of the mill Carreras, paying any ADM seems insane to me; these aren’t some rare, production cars or anything. What’s happening here is that dealers are playing into the shortage of materials for their own game and burning loyal customers or new customers to the brand straight away.
In regards to the ADMs for GT cars, that will always be a thing and it has been for probably two decades simply because they don’t make enough.
On run of the mill Carreras, paying any ADM seems insane to me; these aren’t some rare, production cars or anything. What’s happening here is that dealers are playing into the shortage of materials for their own game and burning loyal customers or new customers to the brand straight away.
#47
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Remember in 2017 when everyone including the clerk at Walgreens was talking about buying Bitcoin?
We’re now at that point where everyone is talking about how they sold their 2 year old work truck for $6k over MSRP of when they bought it.
We’re now at that point where everyone is talking about how they sold their 2 year old work truck for $6k over MSRP of when they bought it.
#48
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These are 911’s we are talking about, great cars and I love them but far from rare or ultimately exclusive. I have no desire to own another car other than mine right now and if I was looking at another car it would most likely be another TT or TTS. But to pay $20, $30 or $50k over sticker is not happening.
At some point not very far in the future things will change and your ADM becomes a bad dream. Not happening here. I’ll wait or not purchase a car with ADM.
At some point not very far in the future things will change and your ADM becomes a bad dream. Not happening here. I’ll wait or not purchase a car with ADM.
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Booth9999 (07-25-2021)
#49
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You may not like it, but its not exclusive to Porsche. It's market wide. C8 Corvette for example:
"GM Authority found a 2021 Corvette C8 Stingray Convertible with the 1LT trim package up for sale for $115,910 from Dimmitt Chevrolet in Clearwater, Florida, despite having an MSRP of $80,910. There are some markups that are even higher than this. For example, Miami Lakes AutoMall in Florida has a 2021 Corvette Stingray Coupe 2LT listed for $40,546 over its MSRP, bringing its price tag up to $125,896."
"GM Authority found a 2021 Corvette C8 Stingray Convertible with the 1LT trim package up for sale for $115,910 from Dimmitt Chevrolet in Clearwater, Florida, despite having an MSRP of $80,910. There are some markups that are even higher than this. For example, Miami Lakes AutoMall in Florida has a 2021 Corvette Stingray Coupe 2LT listed for $40,546 over its MSRP, bringing its price tag up to $125,896."
Rolled over to the local Audi dealership to inquire about an RS6 Avant they’ve had hanging out on the lot for a bit. Little did I know they had an ADM on it for $50k over sticker. Gross.
In regards to the ADMs for GT cars, that will always be a thing and it has been for probably two decades simply because they don’t make enough.
On run of the mill Carreras, paying any ADM seems insane to me; these aren’t some rare, production cars or anything. What’s happening here is that dealers are playing into the shortage of materials for their own game and burning loyal customers or new customers to the brand straight away.
In regards to the ADMs for GT cars, that will always be a thing and it has been for probably two decades simply because they don’t make enough.
On run of the mill Carreras, paying any ADM seems insane to me; these aren’t some rare, production cars or anything. What’s happening here is that dealers are playing into the shortage of materials for their own game and burning loyal customers or new customers to the brand straight away.
These are 911’s we are talking about, great cars and I love them but far from rare or ultimately exclusive. I have no desire to own another car other than mine right now and if I was looking at another car it would most likely be another TT or TTS. But to pay $20, $30 or $50k over sticker is not happening.
At some point not very far in the future things will change and your ADM becomes a bad dream. Not happening here. I’ll wait or not purchase a car with ADM.
At some point not very far in the future things will change and your ADM becomes a bad dream. Not happening here. I’ll wait or not purchase a car with ADM.
#50
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Can see why he'd want it but $30k above MSRP is obscene. Sounds like if he was real and honest some buyers are just insane and have lost their minds and I guess are willing pay stupid money for a combo of poor planning and being subject to circumstance and timing caused a great deal by COVID19 impacts globally. SMDH.
So, in other words, easy come, easy go.
#51
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Just understand, the people that you say are paying "stupid money" for cars (either a 911 or some other marque) are the same people who are more than likely "ape investors" on WallStreetBets.com, early DOGE investors, or better yet early AMC and GME investors.
So, in other words, easy come, easy go.
So, in other words, easy come, easy go.
And that old supply and demand thing is very much in play.
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#52
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Yes, this is true. We all tend to see things through our own eyes, but the reality is a lot of people have fun money, and they can get what they want when they want it. If you are in your 30's an 40's with kids and a mortgage, and extra $ 30K seems obscene and you refuse to pay it and will wait it out. But if you are in your 60's, a cancer survivor and inherited $ 2 mil from your parents estate, then paying an extra $ 30K to have the car you want is peanuts, and you can't afford to wait because your clock is ticking. it's all relative to your position in life.
And that old supply and demand thing is very much in play.
And that old supply and demand thing is very much in play.
I agree with that, it's all relative to your net worth. If you had $50 million, spending $100k over to have a car now doesn't seem out of line. But if you only had $1mil, it's out of line.
The funny thing is that I bet the $50 mil buyer still checks their receipt to make sure they weren't charged for two rotisserie chickens during a grocery pickup.
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Master Deep (07-11-2021)
#53
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Yes, this is true. We all tend to see things through our own eyes, but the reality is a lot of people have fun money, and they can get what they want when they want it. If you are in your 30's an 40's with kids and a mortgage, and extra $ 30K seems obscene and you refuse to pay it and will wait it out. But if you are in your 60's, a cancer survivor and inherited $ 2 mil from your parents estate, then paying an extra $ 30K to have the car you want is peanuts, and you can't afford to wait because your clock is ticking. it's all relative to your position in life.
And that old supply and demand thing is very much in play.
And that old supply and demand thing is very much in play.
Consider that some people paid 250k for a ride into space on the VSS Unity. So 30k more for a car seems almost like a rounding error.
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#54
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Curious what the latest state of affairs is with these market adjustments. I found an allocation for a 992 S and was told there would be a $10k market adjustment.
Is this par for the course at the moment? Has anyone been able to place an order at MSRP (for a non-GT car)?
Is this par for the course at the moment? Has anyone been able to place an order at MSRP (for a non-GT car)?
Last edited by michaelp; 07-24-2021 at 10:47 PM.
#55
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Curious what the latest state of affairs is with these market adjustments. I found an allocation for a 992 S and was told there would be a $10k market adjustment.
Is this par for the course at the moment? Has anyone been able to place an order at MSRP (for a non-GT car)?
Is this par for the course at the moment? Has anyone been able to place an order at MSRP (for a non-GT car)?
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michaelp (07-25-2021)
#56
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Curious what the latest state of affairs is with these market adjustments. I found an allocation for a 992 S and was told there would be a $10k market adjustment.
Is this par for the course at the moment? Has anyone been able to place an order at MSRP (for a non-GT car)?
Is this par for the course at the moment? Has anyone been able to place an order at MSRP (for a non-GT car)?
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michaelp (07-25-2021)
#57
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Curious what the latest state of affairs is with these market adjustments. I found an allocation for a 992 S and was told there would be a $10k market adjustment.
Is this par for the course at the moment? Has anyone been able to place an order at MSRP (for a non-GT car)?
Is this par for the course at the moment? Has anyone been able to place an order at MSRP (for a non-GT car)?
Last edited by rk-d; 07-25-2021 at 08:57 AM.
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michaelp (07-25-2021)
#58
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Market dependent and also dependent on your relationship with your dealer and your purchase history. For every loud story of massive ADMs, there are many who silently purchase these cars at sticker and very likely some with discount (though the latter is harder than ever to get).
#59
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I found a 992 Turbo S with no market adjustment and $1000 deposit. Will probably be 8-10 months.
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Booth9999 (07-25-2021)
#60
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Agree, there’s lots of variability based on time of order, dealership, relationship, luck, etc. When I was searching for a ‘21 allocation last Spring, only one Bay Area dealer had anything to offer me, the rest said 8-10 month wait. I had no prior relationship with this dealer and was able to manage $2,500 off MSRP ($147K C4S Coupe). Same dealer now getting $10K over ADMs on similar cars. Funny to think I was considering asking my SA to let me trade for ‘22 allocation since I was concerned about taking delivery of a ‘21 at the cusp of the 22s coming out. Glad I didn’t; saved me a lot of $$.