Notices
992 2019-Present The Forum for the Non-Turbo 911
Sponsored by:
Sponsored by:

price increase question

Thread Tools
 
Search this Thread
 
Old Mar 10, 2022 | 11:01 AM
  #1  
ltdodge's Avatar
ltdodge
Thread Starter
Racer
10 Year Member
 
Joined: Aug 2015
Posts: 298
Likes: 197
From: Oviedo, Florida
Default price increase question

So I have a 992 Carrera ordered and scheduled for production in May, if Porsche decides to increase prices due to the availability of parts and possible shut down would the build get increased as well or am I technically locked in at the price when my order went in?

what if the delay is several months and they decide to stop 2022 production and the car becomes a 2023?

thanks
Reply
Old Mar 10, 2022 | 11:28 AM
  #2  
NYCGT3's Avatar
NYCGT3
Pro
 
Joined: Jan 2021
Posts: 552
Likes: 220
Default

A very good question.
Reply
Old Mar 10, 2022 | 11:33 AM
  #3  
kim9701's Avatar
kim9701
Racer
 
Joined: Jan 2022
Posts: 361
Likes: 190
From: Northern Virginia
Default

I would think for model year 2022, you're locked in on pricing. But, if it gets delayed and switches over to model year 2023, I assume the new 2023 pricing will be in effect. This is strictly my personal opinion.
Reply
Old Mar 10, 2022 | 11:41 AM
  #4  
CanAutM3's Avatar
CanAutM3
Three Wheelin'
5 Year Member
 
Joined: Oct 2020
Posts: 1,772
Likes: 1,537
From: Montreal
Default

Not quite sure how it works in the US, but in Canada, if you have a signed contract with the price, the dealer is obligated to honour it. However, without a contract, the MSRP at the date of delivery takes precedence. ADM are illegal in Canada, but I guess that a dealer in the US could add/increase an ADM without a signed contract, but that would be a shady practice. Usually, MSRP changes coincide with model year changes, but there can also be interim adjustments during the course of a model year.
Reply
Old Mar 10, 2022 | 11:51 AM
  #5  
Mark S's Avatar
Mark S
Pro
 
Joined: Feb 2021
Posts: 550
Likes: 325
From: Arizona
Default

When I bought my 911, I signed a contract at MSRP but their was a clause that said the price could change if the MSRP increased on my car. So I would only pay more if the sticker price increased.
Reply
Old Mar 10, 2022 | 12:16 PM
  #6  
ltdodge's Avatar
ltdodge
Thread Starter
Racer
10 Year Member
 
Joined: Aug 2015
Posts: 298
Likes: 197
From: Oviedo, Florida
Default

We shall see what happens. I'm sure Porsche will need to recover costs from the felicity ace and the supply issues in Ukraine and pass the bill to the consumer
Reply
Old Mar 10, 2022 | 01:08 PM
  #7  
Onami's Avatar
Onami
Rennlist Member
20 Year Member
 
Joined: Jan 2005
Posts: 6,029
Likes: 1,419
Default

Originally Posted by CanAutM3
Not quite sure how it works in the US, but in Canada, if you have a signed contract with the price, the dealer is obligated to honour it. However, without a contract, the MSRP at the date of delivery takes precedence. ADM are illegal in Canada, but I guess that a dealer in the US could add/increase an ADM without a signed contract, but that would be a shady practice. Usually, MSRP changes coincide with model year changes, but there can also be interim adjustments during the course of a model year.
ADM is not illegal in Canada. I tried to buy my Son a brand new Nissan Frontier from Oakville Nissan last weekend and was told that there was $2,500 ADM on the truck because they are hard to get right now. We walked.
Reply
Old Mar 10, 2022 | 01:29 PM
  #8  
Jimmy-D's Avatar
Jimmy-D
Rennlist Member
10 Year Member
 
Joined: Mar 2014
Posts: 11,818
Likes: 2,038
From: Midwest
Default

Originally Posted by kim9701
I would think for model year 2022, you're locked in on pricing. But, if it gets delayed and switches over to model year 2023, I assume the new 2023 pricing will be in effect. This is strictly my personal opinion.
This.

Porsche is not like their Dealers. It will be the Dealers that will manipulate things. You can call it inflation but I call it price gouging
Reply
Old Mar 10, 2022 | 02:12 PM
  #9  
dhirm5's Avatar
dhirm5
Drifting
5 Year Member
 
Joined: May 2016
Posts: 2,627
Likes: 1,487
Default

Your order has a price attached to it. That's the price you'll pay.
Reply
Old Mar 10, 2022 | 02:49 PM
  #10  
ipse dixit's Avatar
ipse dixit
RL Community Team
Rennlist Member
20 Year Member
 
Joined: Sep 2005
Posts: 18,833
Likes: 14,774
Default

Originally Posted by ltdodge
We shall see what happens. I'm sure Porsche will need to recover costs from the felicity ace and the supply issues in Ukraine and pass the bill to the consumer
Insurance will cover any losses incurred by Porsche from the Felicity Ace, which in the grand scheme of things is a rounding error, if that.
Reply
Old Mar 10, 2022 | 03:08 PM
  #11  
malba2366's Avatar
malba2366
Three Wheelin'
10 Year Member
 
Joined: Feb 2016
Posts: 1,567
Likes: 1,017
Default

Originally Posted by ltdodge
So I have a 992 Carrera ordered and scheduled for production in May, if Porsche decides to increase prices due to the availability of parts and possible shut down would the build get increased as well or am I technically locked in at the price when my order went in?

what if the delay is several months and they decide to stop 2022 production and the car becomes a 2023?

thanks
Very unlikely they will change MSRP of the car during the model year. If it shifts to 2023, the dealer should give you the option to keep the order or cancel depending on the new price. This, of course, applies to what Porsche does...the dealer may try to play other games with pricing on their own accord.
Reply
Old Mar 10, 2022 | 04:30 PM
  #12  
AlterZgo's Avatar
AlterZgo
Three Wheelin'
5 Year Member
 
Joined: Jan 2021
Posts: 1,873
Likes: 2,289
Default

Originally Posted by ltdodge
We shall see what happens. I'm sure Porsche will need to recover costs from the felicity ace and the supply issues in Ukraine and pass the bill to the consumer
i’m sure all of Porsche’s shipments are insured so they likely lost little in terms of money. The parts shortage issues will be passed to consumers as raw material and component prices are likely higher for 2023 and on.
Reply
Old Mar 10, 2022 | 05:47 PM
  #13  
Drew46's Avatar
Drew46
Drifting
 
Joined: Jun 2021
Posts: 2,076
Likes: 1,760
From: Westchester NY
Default

Originally Posted by ipse dixit
Insurance will cover any losses incurred by Porsche from the Felicity Ace, which in the grand scheme of things is a rounding error, if that.
They were self insured from what I have read. That being said, losing 1000 cars hurt of course but it is not a major hit when you are selling North of 300,000 cars/year.
Reply
Old Mar 10, 2022 | 11:43 PM
  #14  
phila12180's Avatar
phila12180
Racer
 
Joined: Jun 2020
Posts: 351
Likes: 187
From: New York
Default

I would imagine there is a clause somewhere in the sales agreement that states if the manufacturer raises the price the customer is responsible to pay the increase. Just about anything I have seen from a car manufacturer it says to the effect, " Price and equipment is subject change". Bottom line they are saying that they can add or remove equipment from the car or change the price whenever they like. As a consumer you then have the right to accept the change or walk away. If the price increase is small maybe the dealer may eat the increase but if it is a substantial increase, I doubt that very much. Especially in current market conditions. I worked at new car dealerships for 45 years and that was always my experience, but I have no experience with Porsche. Good luck.
Reply
Old Mar 11, 2022 | 07:21 AM
  #15  
CanAutM3's Avatar
CanAutM3
Three Wheelin'
5 Year Member
 
Joined: Oct 2020
Posts: 1,772
Likes: 1,537
From: Montreal
Default

Originally Posted by Onami
ADM is not illegal in Canada. I tried to buy my Son a brand new Nissan Frontier from Oakville Nissan last weekend and was told that there was $2,500 ADM on the truck because they are hard to get right now. We walked.
Look it up, it is illegal to sell above MSRP in Canada. You should report that dealer.
Reply



All times are GMT -3. The time now is 08:04 AM.