992 Depreciation
Not that I doubt your source but is that new car sales or all Porsche sales (including CPO)? Curious because the three dealers I have relationships with all say their allocations are way down over last year but they have made it work buying and selling CPOed 911s (all anecdotal of course). So something is not adding up with those numbers for me, unless demand has shot way up and dealers “feel” like they are getting less allocations when in reality they are getting the same or more just pre-selling them, which could 100% be possible.
https://newsroom.porsche.com/en_US/2...021-25948.html
It’s weird how it’s a tough pill to swallow for something you’ll actually enjoy. Look at it like a really nice 1 week cruise in a huge suite.
The feeling of excitement right when you walk on to the ship, is the feeling you’ll have each time you get into the car..
If you can’t imagine it that way, I’ve been up $160k on a stock in two months, and down $112k on a stock in a month. Sometimes I say to myself, could have bought a brand new 911 and crashed it into a wall for the paper loss I just had.
The feeling of excitement right when you walk on to the ship, is the feeling you’ll have each time you get into the car..
If you can’t imagine it that way, I’ve been up $160k on a stock in two months, and down $112k on a stock in a month. Sometimes I say to myself, could have bought a brand new 911 and crashed it into a wall for the paper loss I just had.
The link below is Porsche's official Q3 sales report. If these numbers are a lie Porsche AG and the VW Group as public companies would be liable as a finical crime and fined tens, if not hundreds, of millions. There is no shortage of 911s to this point. I think your local sales folks are the ones stretching the truth.
https://newsroom.porsche.com/en_US/2...021-25948.html
https://newsroom.porsche.com/en_US/2...021-25948.html
Rennlist Member

Joined: Feb 2009
Posts: 5,233
Likes: 3,647
From: Newport Beach, CA and Melbourne, Australia
I feel lucky to be utterly unconcerned with depreciation. I bought my 922 Carrera 4S to drive it on adventures. I'll be at 30k miles by the end of November. It's not a commuter and it's not like it's the only car -- heck, I'll be at six cars in a couple of months here. The 911 is just a blast to drive.
Even with miles, 911s hold their value very well, but these things aren't collectibles. They're meant to be driven and enjoyed, ie. not rot in place in a garage. Drive your cars. Enjoy them. The return on investment here is the memories that you create with them. Given the adventures that I've had, I'm very pleased with the ROI on my 992C4S.
(Here, taking a break in the Smokies)
Even with miles, 911s hold their value very well, but these things aren't collectibles. They're meant to be driven and enjoyed, ie. not rot in place in a garage. Drive your cars. Enjoy them. The return on investment here is the memories that you create with them. Given the adventures that I've had, I'm very pleased with the ROI on my 992C4S.
(Here, taking a break in the Smokies)
Originally Posted by Carlo_Carrera;[url=[url
tel:17721453]17721453]The link below is Porsche's official Q3 sales report. If these numbers are a lie Porsche AG and the VW Group as public companies would be liable as a finical crime and fined tens, if not hundreds, of millions. There is no shortage of 911s to this point. I think your local sales folks are the ones stretching the truth.
https://newsroom.porsche.com/en_US/2...021-25948.html
https://newsroom.porsche.com/en_US/2...021-25948.html
Maybe re-read my post again? Because I generally like your posts I’ll give you the benefit of the doubt that you skim read my post and thought I was some bonehead who thought Porsche was lying.
Last edited by Thescout13; Oct 12, 2021 at 11:55 PM.
Originally Posted by 3uros;[url=tel:17721530
17721530[/url]]This...the numbers don't lie. As mentioned, it could really be that all of their allocations are Priority 1 (pre ordered cars) and it "feels" like there are no allocations as there is never inventory to sell.
Hey bud, I didn’t claim Porsche was “lying” and I clearly qualified my original post with “anecdotal” and “could 100% be possible” that they feel like they are getting less when they are in fact not getting less. I was asking about the source because I was “curious” to learn more given the, again, “anecdotal” data I was told. I don’t deny facts, but never hurts to ask for a source to review for yourself, right?
Maybe re-read my post again? Because I generally like your posts I’ll give you the benefit of the doubt that you skim read my post and thought I was some bonehead who thought Porsche was lying.
Maybe re-read my post again? Because I generally like your posts I’ll give you the benefit of the doubt that you skim read my post and thought I was some bonehead who thought Porsche was lying.
Would add that, if one studies PCNA's own releases from '19 vs the latest 3Q21 release, can realize that 911 units sold to US dealers are +6% if compare F9M21 vs F9M19
Suggests less of a supply issue but rather elevated demand outstripping mildly elevated supply vs pre-Covid era, thus lean inventories and minimal/no discounts vs MSRP....and historically strong used car prices
Today, EU's most valuable producer of luxury goods, LVMH, reported their 3Q21 revenues: IIRC +11% in F9M21 vs F9M19 (organically compared, adjusting out acquisitions and FX), and founder/CEO didn't even mention any supply chain issues holding back his business performance....solid revenue growth achieved despite still quite limited EU tourism
Suggests less of a supply issue but rather elevated demand outstripping mildly elevated supply vs pre-Covid era, thus lean inventories and minimal/no discounts vs MSRP....and historically strong used car prices
Today, EU's most valuable producer of luxury goods, LVMH, reported their 3Q21 revenues: IIRC +11% in F9M21 vs F9M19 (organically compared, adjusting out acquisitions and FX), and founder/CEO didn't even mention any supply chain issues holding back his business performance....solid revenue growth achieved despite still quite limited EU tourism
Today, EU's most valuable producer of luxury goods, LVMH, reported their 3Q21 revenues: IIRC +11% in F9M21 vs F9M19 (organically compared, adjusting out acquisitions and FX), and founder/CEO didn't even mention any supply chain issues holding back his business performance....solid revenue growth achieved despite still quite limited EU tourism
Not that I doubt your source but is that new car sales or all Porsche sales (including CPO)? Curious because the three dealers I have relationships with all say their allocations are way down over last year but they have made it work buying and selling CPOed 911s (all anecdotal of course). So something is not adding up with those numbers for me, unless demand has shot way up and dealers “feel” like they are getting less allocations when in reality they are getting the same or more just pre-selling them, which could 100% be possible.
My 2cents : Doubtful that selling your car now is the best choice, just looking at the used car market as a whole and 992 values. Some dealerships are selling used 220k msrp turbos at 300k. It is entirely possible to predict the effects of unrelenting inflation, I did it when buying my car, I probably mentioned it a while ago but if average ol me predicted where car prices were going last year, don't you guys think megacap corporations would have staff members capable of seeing that as well
Last edited by harshalp; Oct 13, 2021 at 05:05 PM.




