Shortage of 911s? ...sales figures tell the tale.
01-04-2022, 05:22 PM
#16
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It's a bit of both.
The 992 was not a hot seller in 2019 compared to the introductory years of the 997 and 991 but the pandemic shut downs caused a slight supply delay which was followed by a huge uptick in demand as things opened up and everyone started living in the now and buying 911s because "they always wanted one".
Overall I would blame an unprecedented increase in demand.
The 992 was not a hot seller in 2019 compared to the introductory years of the 997 and 991 but the pandemic shut downs caused a slight supply delay which was followed by a huge uptick in demand as things opened up and everyone started living in the now and buying 911s because "they always wanted one".
Overall I would blame an unprecedented increase in demand.
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Tupper (01-04-2022)
01-04-2022, 05:22 PM
#17
Do we know how these sales are counted? If it’s purely based on deliveries / actual taking possession of car then I certainly believe it’s mainly a demand issue but on the other end of the spectrum if it’s just based on orders or something then I believe there is still a supply issue lurking in the background and the numbers just don’t reflect that yet. I have no clue which is true but obviously I do concede that increased demand is certainly a large part of why it’s almost impossible to get a brand new 911 (or pretty much any Porsche) in a short amount of time.
01-04-2022, 05:22 PM
#18
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It is obvious that there is a lot of demand for these cars at the moment. The deliveries in 2021 were well in line with the previous 10 years, there are no cars sitting on dealer lots so they were delivered to customers. Any dealer who tries to claim they are getting less cars than before is just trying to perpetuate this myth of a supply shortage to justify their markups.
01-04-2022, 05:25 PM
#19
01-04-2022, 05:29 PM
#20
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I have been in the market for a couple of vehicles but have been waiting for prices to stabilize and maybe even correct. I am starting to see small signs of both. Is it a trend? Who knows.
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Freddie Two Bs (01-04-2022)
01-04-2022, 05:42 PM
#21
Three Wheelin'
I hope that's indicative but I am not sure it is. My friend has a Lexus RX for his wife that is coming off lease soon. Dealer has 3 in stock and and is charging $5K over sticker. The good news is that the buyout on his current lease is $32K and the KBB on the car is around $42K.
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01-04-2022, 05:49 PM
#23
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I hope that's indicative but I am not sure it is. My friend has a Lexus RX for his wife that is coming off lease soon. Dealer has 3 in stock and and is charging $5K over sticker. The good news is that the buyout on his current lease is $32K and the KBB on the car is around $42K.
I read a report the other day from a reputable car market analyst who sees a serious downward correction in used car prices in Q4 of 2022. He could be right, he could be wrong.
And this: https://www.cnbc.com/2022/01/04/supp...-suggests.html
Last edited by Carlo_Carrera; 01-04-2022 at 05:54 PM.
01-04-2022, 06:15 PM
#24
That is part of what I am seeing. Folks finding alternatives to paying over MSRP for new and inflated used car prices. It doesn't take much to turn the tide.
I read a report the other day from a reputable car market analyst who sees a serious downward correction in used car prices in Q4 of 2022. He could be right, he could be wrong.
And this: https://www.cnbc.com/2022/01/04/supp...-suggests.html
I read a report the other day from a reputable car market analyst who sees a serious downward correction in used car prices in Q4 of 2022. He could be right, he could be wrong.
And this: https://www.cnbc.com/2022/01/04/supp...-suggests.html
01-04-2022, 07:18 PM
#25
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Those numbers are retail deliveries as reported to Porsche by Porsche Dealers, me thinks. State registration data is the most accurate, but those docs do not look like it.
01-04-2022, 07:22 PM
#26
01-04-2022, 07:45 PM
#27
There is no shortage for me. Nor is there a significant delay in delivery time compared to anytime in the past. I have one car on order (GTS Coupe) and from order time to expected delivery is very similar to each other time I’ve ordered a 911. These are and have been low volume cars so waiting is (should be anyway) expected to get exactly what you want as first owner. Those new to the game folks will typically wait longer than repeat buyers but after that hurdle you’re in a better position for reduced wait times.
01-04-2022, 08:02 PM
#28
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Porsche's press release says Porsche dealers sold, as in deposited customers' full payments, for 10042 911s in the USA from 1/1/2021 to 12/31/202. These are accurate yearly sales figures.
There is no reason for dealers to pull sales forward to pad the figures or meet sale incentives. There are zero 911s sitting on dealers lots.
Last edited by Carlo_Carrera; 01-04-2022 at 08:16 PM.
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01-04-2022, 10:22 PM
#29
Drifting
I wonder what Nick Murray thinks about this.
Porsche aside, the automakers are losing alot of sales with this over msrp pricing. $5K over for a Forester? People are just walking away and keeping the cars they have, and the used market is so inflated that its driving lower and middle income people out of the market entirely. In part, I think alot of the manufacturers are using this to pivot into an EV market that is government subsidized, they will regret that, everyone I know who wants an EV, wants a Tesla, not a Chevy.
Porsche aside, the automakers are losing alot of sales with this over msrp pricing. $5K over for a Forester? People are just walking away and keeping the cars they have, and the used market is so inflated that its driving lower and middle income people out of the market entirely. In part, I think alot of the manufacturers are using this to pivot into an EV market that is government subsidized, they will regret that, everyone I know who wants an EV, wants a Tesla, not a Chevy.
01-04-2022, 11:14 PM
#30
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