VW CEO on 911 Wait Times
07-09-2022, 11:46 AM
#61
My comment was based on my experience November 2021. I was on a list for a GTS at one dealer, but the SA texted me and offered a GT3 winged allocation for $50k ADM. Previously, he told me there were over 30 on the list a month prior. I'm a first time buyer, zero history, and not a celebrity except to my kids. When I stopped in to chat the next day, they showed me the GTS list, and there were two people ahead of me. They said to give them a few days to try and contact them, as neither would answer their given phone numbers, and finally said it's mine if I want it.
07-09-2022, 12:08 PM
#62
OK, today in the WSJ, a welcome article says chip supply has finally exceeded demand and chip prices are falling big time!
And the US $Dollar is finally almost reaching parity with the EU € with no end in sight for the soaring US $ and the dropping EU €.
It is hightime for Porsche to lower US prices and increase allocations to the USA!
Or Porsche is dumber than those huge stone faces on Easter Island!!
And the US $Dollar is finally almost reaching parity with the EU € with no end in sight for the soaring US $ and the dropping EU €.
It is hightime for Porsche to lower US prices and increase allocations to the USA!
Or Porsche is dumber than those huge stone faces on Easter Island!!
Semiconductor downturn is starting and it will unravel quickly, there is already an oversupply of DRAM chips, and GPU chips out there...all of these are on the newer processes so it is still not clear if this will extend to the older process chips that automakers largely use. There is a lot of evidence of multiple ordering by companies desperate for chips during the pandemic (kind of like the "lists" at Porsche dealers) which created an impression that the shortage was worse than it actually was...there will start to be lots of cancellations of chip orders soon.
Last edited by malba2366; 07-09-2022 at 12:16 PM.
07-09-2022, 12:43 PM
#63
Race Car
Porsche aside, "normal" is never coming back. The automakers know they can produce less cars, raise prices, keep lots empty, keep dealers awash in ADM - with no downside. While they use the time to transition their production base to EVs. They are also pricing the middle/working class out of ever being able to afford a new car, in their lifetimes, keeping them permanently in the used market. The only way to break the cycle is a massive recession that drops auto sales, let's say 50%. Or to allow China to get into auto production in a big way, and flood the market with cheap cars.
The following users liked this post:
citrolene (07-09-2022)
07-09-2022, 03:19 PM
#64
Rennlist Member
Of course, most of us here are old enough to have heard the same thing from our dads. It was Japan back in Dad's day, is all.
07-09-2022, 03:25 PM
#65
Rennlist Member
07-09-2022, 03:27 PM
#66
RL Community Team
Rennlist Member
Rennlist Member
If China starts manufacturing cars (either ICE, EV, or HEV), it's going to disrupt the supply chain. That's an inescapable fact, regardless of how China does it.
07-09-2022, 04:21 PM
#67
Rennlist Member
As for "stolen technology," every developing industrial power (including the US) has a history that includes blatant technology theft from other nations. It is what it is. As long as we keep moving forward, the thieves will have to settle for second place.
Last edited by Noah Fect; 07-09-2022 at 04:24 PM.
The following users liked this post:
breny4104 (07-09-2022)
07-09-2022, 04:58 PM
#69
Race Car
Funny, I think the Ohio PCar market is a lot weaker than the larger cities. I could have been 5th on the GTS list (I think I know what dealer you are talking about). If you passed that GTS may be in my driveway! I was first on the C2S list and could have got a base v200 the day I walked in. Called around and found a configurable v200 c2s the same day about an hour away. That’s the car a went with,
07-09-2022, 07:46 PM
#70
Race Car
I had a similar revelation, not due to Covid, but due to the improvements of the 992 c2s over previous generations (speed, track width, wide body, design interior and out) I always liked the 911, but always wanted it to be a little faster, or have a little more presence etc. and never pulled the trigger. The 992 nailed it. I’m sure others feel the same. There’s really no reason to lust after anything else with this one, it’s more than 99.9% of people can handle, even in base form and one of the best looking rides out there.
07-09-2022, 07:48 PM
#71
Race Car
My point is not about supply chain, that will be healing over the next 1-2 years, my point is that they will likely produce trash.
The following users liked this post:
citrolene (07-10-2022)
07-09-2022, 09:20 PM
#72
The following users liked this post:
abarthguy (07-18-2022)
07-09-2022, 11:54 PM
#73
I wouldn't expect wait times to ever be like they used to be. I'm sure they will eventually get a bit better, but Porsche likes the hype, the scarcity and no discounting. They can also raise prices more, and people will still wait in line to pay MSRP+.
And every car is sold before it is even built, any company would love that situation. Porsche will find a sweet spot between price and availability, and they will be more profitable than ever
And every car is sold before it is even built, any company would love that situation. Porsche will find a sweet spot between price and availability, and they will be more profitable than ever
07-10-2022, 12:29 AM
#74
Not really. Two reasons (1) technically all cars that Porsche makes are already sold. It's either a customer order or a dealer order. Dealers buy cars too and carry them on their books, not Porsche's. So nothing has really changed from that perspective. And (2) just like we're seeing in other car markets, 2020 & 2021 were special years because of stimulus and PPP money being so freely available. Those are going to be looked upon as isolated incidents - you could argue it's already happening - and markets will find some normalcy again. In other words, make sure you're not confusing a market aberration with "capitalism".
The following users liked this post:
M3Inline6 (07-10-2022)
07-10-2022, 12:48 AM
#75
Race Car
Join Date: Oct 2002
Location: Fairfax County, Virginia
Posts: 4,202
Received 4,134 Likes
on
1,462 Posts
Porsche aside, "normal" is never coming back. The automakers know they can produce less cars, raise prices, keep lots empty, keep dealers awash in ADM - with no downside. While they use the time to transition their production base to EVs. They are also pricing the middle/working class out of ever being able to afford a new car, in their lifetimes, keeping them permanently in the used market. The only way to break the cycle is a massive recession that drops auto sales, let's say 50%. Or to allow China to get into auto production in a big way, and flood the market with cheap cars.
