Mt cowboy

Looking at a gts, with just the options I want. 40000$ adm, and a lowball offer for my 2020 4000 mile c2s. How long can this last?

LexVan

Buy the GTS. Pay the ADM. Sell your car (if they let you) private party.

CodyBigdog

Lol.

detansinn

Chip shortage is now expected to continue through 2024. So, this the new normal and there’s no going back.

nyca

This chip shortage is a scam. One year, two years, now four years. I'm not buying it anymore. The automakers like the market just the way it is - zero inventory chain, sales over MSRP, record profits, and they can concentrate on transitioning their production base away from ICE towards subsidized EVs. So the chip shortage will never end. People are paying $15K over for Ford Broncos, and everything else out there too. Hopefully a cleansing economic recession will occur shortly.

Jimmy-D

I will say it again; thin line between inflation and price gouging.

But- as long as consumers “perceive” they have the money to pay the longer this will last.

Make no bones about it- we will all pay the price for what is transpiring right now. And no, I am not a negative person but a realist.

aggie57

Simplest way to minimize impact of the current situation is to hold your car longer. Don’t flip it every 2 years but keep it for 4-5. If you lease buy the car at the end of the lease and keep it for a couple of years.

yrralis1

I have been telling a few who leased cars to get ready to buy it . This is just not with Porsche . Any car one is holding will become harder or more expensive in the near term future .

rk-d

The situation with Porsche is pretty extreme right now. I'm looking for an extra beater car to run around town and possibly track - the price of a used Porsche is ridiculous. 2016 beat to sh*t Caymans selling for over original MSRP?!

It's an absolutely terrible time to buy a car, particularly if you have nothing to trade in to offset that.

Il CP

Don't. Not worth it.

c1pher

Pretty soon you’ll see ads for cars stating “hurry, buy now, only $50k ADM!”

Prisma

If people stopped paying such ridiculous ADMs they would soon go away.

Drew46

Correct. That is the basic Econ 101 theory of supply and demand. But that could be said for the cost of anything, And it is completely unreasonable to expect that to change as long as sufficient demand exists at the higher price. Do you really expect to be able to organize the buying public and coordinate a "no-ADM" movement to drive the price back down? It is not going to happen because enough people want the car at the higher price. Which brings us full circle back (well, I guess we never left) to the effects of supply and demand and the fact that MSRP is just a benchmark chosen my the manufactures from which to negotiate from. In a buyer's market, that will be the point you negotiate down from. In a seller's market, it is the point you negotiate up from. You can see parallels in all sorts of today's seller's markets like homes and list prices: you used to negotiate off a list price, but now you need to figure out how much over your bid needs to be to win the house.

Will it all change back? I assume it will with time. History is full of cycles (albeit not many - or probably any - this seller strong) and there is no reason to believe these cycles will not continue into the future.

rk-d

That's not how a free market works. People will take advantage of every legal angle to get what they want. It's human nature and it's built into the system.

Only hope would be Porsche instituting price controls on their dealers for new cars (not much they can do about used ones). Evidently, Porsche doesn't have the will to do that. The dealers have a hard enough time getting zero cars - instituting price controls would probably trigger a revolt.

yrralis1

I seriously considered keeping my 17 GTS . Despite 50K miles it was the most reliable car I ever had . I never imagined it would become a 1 year ordeal and I the lucky one who got the slot . I also did not pay ADM . My dealership has no cars in inventory. Anything they have is pre sold . No one is paying over MSRP but they are not just handing slots to anyone . They want loyal local buyers who preferably trade and don't flip cars . I said this a year ago right here . I also said I would post pictures when I got the car and at that time I did not even know I had a slot yet . When I bought my car I brought a friend and they showed him every car I ever bought from then on the computer screen that they showed him . They told me way before this ever happened that "no matter hat it takes as things get tough . we will get you a car." I trusted them and they came through .

Its not easy for them to turn away buyers and even harder for them to resist the high markups of the cars flipped which end up in Miami indy dealerships . They treated me like a lifetime customer should be treated . They realize that when all this madness eventually tapers dealerships who were greedy wil lose the loyalty of repeat buyers who turn the tables and hunt for the lowest seller . I think it took a lot for them to give it to a guy my age . Ate 64 how many Porsches do I have left. A 35- 45 year old offers more time . I even had doubted my trade . It turns out they listed the car respectfully near what threy gave me and sold it in 2 weeks with a CPO.

They told me they have nothing . Even when I inquired about a Macan I was told "9 months" . I can tell they were tense . We all shook hands and maintained optimism in the moment we had with this car . This is what its about for me . Its hard enough as it is like this. I could not have dealt with it any other way.