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This topic gets interesting when you start to look at other car markets. I'm starting to get fed up waiting for an allocation so I started looking at the C8. The consensus there - and you can verify this on your own - is that the panic is over in that market. You can order a car with no ADM and take delivery in about 2 months - back to business as usual.
Not sure I’m following. 2019 was last model year for 991.2. It would make sense that sales for 2019 decline as people hold out for a newer model coming in 2020…
2020 model year cars go on sale in mid-2019. If you look at the sales figures over the past 20 years that I posted above you can see there’s always a surge in sales the year the new model is introduced. Yet there is no surge in sales for the MY2020 992 introduction in 2019.
If the ADMs are just dealer's gaming the system, then explain why they're offering at or above MSRP to buy back used vehicles. If supply equaled demand, a car dealer would never overpay for a used vehicle. There is obviously an imbalance happening. and the most obvious explanation is that the extended shut-down due to covid has caused a backlog - and the full effect of that backlog is only being revealed now. Another factor is inflation - people have more money at their disposal and the market is adjusting prices to match this. It's probably only a matter of time before dealers raise MSRPs, which will price out certain buyers and ADM's will gradually disappear.
There is definitely a lot of double ordering and hoarding going on especially for the lower cost chips used in cars. It is really hard for government to unwind this though…we just have to wait for it to resolve itself. Similarly a lot of cars are being double ordered - individuals putting their name or a small deposit at multiple dealerships that amplifies the impression of shortages. On a macro scale this is taking place across industries with businesses ordering more than they need fueled with government $$/easy loans. Look at all the data across the economy - demand is through the roof for everything…we keep hearing about “port slowdowns” but the truth of the matter is that the ports in LA/LB have handled more goods than ever. All of this is somewhat concerning because eventually the party will come to an end and the landing won’t be very soft.
Last edited by malba2366; Nov 9, 2021 at 12:29 PM.
If the ADMs are just dealer's gaming the system, then explain why they're offering at or above MSRP to buy back used vehicles. If supply equaled demand, a car dealer would never overpay for a used vehicle. There is obviously an imbalance happening. and the most obvious explanation is that the extended shut-down due to covid has caused a backlog - and the full effect of that backlog is only being revealed now. Another factor is inflation - people have more money at their disposal and the market is adjusting prices to match this. It's probably only a matter of time before dealers raise MSRPs, which will price out certain buyers and ADM's will gradually disappear.
Agreed. When dealers are paying top dollar for 2 year old cars and then selling them at or close to MSRP, why would the sell a new GTS for roughly the same amount they are asking for the used car.
There is definitely a lot of double ordering and hoarding going on especially for the lower cost chips used in cars. It is really hard for government to unwind this though…we just have to wait for it to resolve itself. Similarly a lot of cars are being double ordered - individuals putting their name or a small deposit at multiple dealerships that amplifies the impression of shortages. On a macro scale this is taking place across industries with businesses ordering more than they need fueled with government $$/easy loans. Look at all the data across the economy - demand is through the roof for everything…we keep hearing about “port slowdowns” but the truth of the matter is that the ports in LA/LB have handled more goods than ever. All of this is somewhat concerning because eventually the party will come to an end and the landing won’t be very soft.
This is simply false. Folks have, are and will get cars without ADM.
I know for sure there are people get it at MSRP. Does this apply to most customers?
Here is what I see:
Pre-Pandemic, at the dealership I purchased my cars from, there were constantly 10 911s in stock. 30-40 Macans. and 30-40 Cayennes. Walk-in new customer can order a 911 with about 3-4 months waiting time.
Now they have 0 911 in stock, 0 Cayenne, 10 Macan; and ordering a new 911 now takes 1.5-2 years of waiting.
Last time I checked, BMW dealerships around me also have very low stock on their poplar models (X3/X5) and most of them are missing options. e.g. no air suspension or no HK speakers.
I understand the demand on luxury products is higher now - but I didn't expect the demand spike alone can wipe out all the floor models and creates this huge waiting time.
That's why I found it interesting when numbers show there is no supply issue and it can be just high demand or dealer games. Essentially ALL dealerships and ALL SA's cross this continent are lying to people's face. fun.
I know for sure there are people get it at MSRP. Does this apply to most customers?
Here is what I see:
Pre-Pandemic, at the dealership I purchased my cars from, there were constantly 10 911s in stock. 30-40 Macans. and 30-40 Cayennes. Walk-in new customer can order a 911 with about 3-4 months waiting time.
Now they have 0 911 in stock, 0 Cayenne, 10 Macan; and ordering a new 911 now takes 1.5-2 years of waiting.
Last time I checked, BMW dealerships around me also have very low stock on their poplar models (X3/X5) and most of them are missing options. e.g. no air suspension or no HK speakers.
I understand the demand on luxury products is higher now - but I didn't expect the demand spike alone can wipe out all the floor models and creates this huge waiting time.
That's why I found it interesting when numbers show there is no supply issue and it can be just high demand or dealer games. Essentially ALL dealerships and ALL SA's cross this continent are lying to people's face. fun.
You’ll earn a lot more credibility on here if you stop generalizing. All dealers and their associates are not lying Porsche or otherwise.
You’ll earn a lot more credibility on here if you stop generalizing. All dealers and their associates are not lying Porsche or otherwise.
Instead of throwing pointless critiques, you can be more helpful by telling people facts or something you experienced.
Otherwise, it is pointless to even reply to your post.
I heard from my SA today and my allocation for a Targa 4 GTS was just confirmed. I have a build lock date of 12/16 and March delivery. Put down a sizable deposit this past July and was # 4 on the list. I know of at least six others still waiting behind me at my dealer so if you're new to the game could be a long wait but hard to know for sure.
Charleston, SC dealer wanted $75K ADM for GTS Targa last week. Did you have to pay ADM?
Instead of throwing pointless critiques, you can be more helpful by telling people facts or something you experienced.
Otherwise, it is pointless to even reply to your post.
Yet you do reply.
You can search my posts including this one for some facts.
Here’s another I will repeat on this thread that I’ve posted on others:
2022 GTS build code PNBSMI43, demand order created 08/04. Allocation given 11/05. Freeze date 12/06. Scheduled production mid-Jan. Expected dealership arrival 03/18/22. MSRP Buyers Order signed by myself and Sales Manager.
Yet you do reply.
You can search my posts including this one for some facts.
Here’s another I will repeat on this thread that I’ve posted on others:
2022 GTS build code PNBSMI43, demand order created 08/04. Allocation given 11/05. Freeze date 12/06. Scheduled production mid-Jan. Expected dealership arrival 03/18/22. MSRP Buyers Order signed by myself and Sales Manager.
Does this suffice for you for now?
Yea all dealer games, since you got your car on time at MSRP. This is one solid prove there is no supply issue. Good job and you have been really helpful.
Go ask around or just read post in this forum to see what is the general ADM and waiting time.
I finally made the decision to order a Targa 4S. My dealer says there are four others on the wait list. I am number 5. My dealer received its allocations for "this quarter" on November 1st or 2nd. They received one allocation for a Targa 4S (that brought their wait list down to 4 and adding me makes me #5). My dealer also tells me that they usually receive one or two allocations for each quarter. I am trying to understand what time frame is "this quarter." Does "this quarter" begin in November 2021 and end in January 2022? If so, that would mean the next quarter begins around February 1, 2022, and ends around April 30, 2022, correct? If I assume the dealer receives one allocation per quarter, and I am number 5 on the list, that would mean I would get my allocation in February 2023. Of course, I am hoping either the dealer gets 2 allocations in a quarter in 2022 or someone before me on the wait list drops out. Also, if the dealer gets an allocation for a car in a given quarter, can the dealer "spend" that allocation by placing an order at any time during the quarter? If the dealer gets 2 or more allocations, can he order both at the beginning of the quarter or must he wait and place the second order at some later date during the quarter? Finally, are the allocations model specific? For example, does the dealer receive an allocation for a "Targa" and the customer gets to choose between Targa 4 or Targa 4S or does the dealer get separate allocations for a Targa 4 and a Targa 4S? (I am sure a Targa 4 GTS is a separate allocation). Thanks in advance for your answers and thoughts.