Whatever you want to call the past 2.5 years, that market has come to an end. Dealers are now starting to accumulate inventory. New cars are arriving that aren’t already spoken for (or the original buyer bailed).

It’s not a crash and won’t be a crash, but the trend line is decidedly downward now.

 

Nearly 5 year old GTS are fetching MSRP. Rad Exotics
Although this place is known for price gauging.

 

What strike price on your SAH puts are you guys holding?

 

Would love to get my hands on a GT4RS allocation.

The new GT3RS may help alleviate some of this as many Owners will start trading up

 

I would actually want to believe so, but I am not sure. I'm 50-50%.
Just looking at what is happening in Germany with the energy...I would not be surprised either if there will be less and less cars produced and there will still be more takers than production.
When we thought production could not go lower ( not enough chips) ....there it goes ?
Very curious to find out the outcome...

 

Just for fun I check online for used (and some new came up) 992s, in manual only. Here are the current available S, 4S, 4GTS in Cab, Coupe, and Targa. Price in 1000's and Mileage.

 

I wouldn't be sure if that'd lead to a downward trend.
A lot of people predicted collapse of goods and housing when the pandemic started and the opposite happened, after the initial shock.
With strong USD, exports are $$ and much of the world going into recession, industrial outputs will be less. The chip war is just heating up and the manufacturing of high-tech goods will need to be decoupled from China more, but there's less capacity elsewhere right now. There are a lot of complex variables at play to make a "good" guess.
With less supply and less demand, I think things will stay more or less the same. It'll be interesting to see how everything unfolds for sure.

 

The dealers are never going to give up the gravy train, without the bottom falling out. And not just with this car, with every car being sold.

 

I'm always wondering about examples like this: is it possible that the buyer is just super rich and doesn't care? But then it's not like they're spending millions buying Ferraris so $50k should still matter to them? I'm just so confused lol.

 

Yep, and they'll try to make out demand stays high well into the coming downturn. Can't blame them, could be some tough times ahead for luxury goods retailers.

 

can give you a plenty of examples, but the one that comes to mind
A MB dealership in my area is literally next door to a Casino. The GM , a friend of mine, told me years ago , that they sold a bunch of left over cars at MSRP that otherwise they would have discounted by 15-20 % to people that hit big money at casino and want instant gratification .
another example recently in our area, someone sold their business for a lot of money , and went on a shopping spree and bought few cars.
People in these situations buy on impulse rather than rational behavior

 

Are GTS models the only ones softening in price, or is it the S, Turbo, Turbo S, and GT3 as well?

It’s bizarre to me the hard on RL gets for hating on the GTS.

 

You guys must be living in a different world. In Canada, dealers have almost no new cars in any model and there are zero 911s available. Used 2022 GT3 @$349,999 CAD ($265,000USD). I’ve been waiting 6 months for a C4 allocation.

 

according to my dealer, it is getting softer on all models.
Porsche so far has held better than other brands because of limited car supply but demand is waning and supply is improving .so this will lead prices in a lower direction.
The saying on wall street is don't fight the feds.
Feds are saying we are going to control inflation and the only way we can do that is by tightening money supply and increase interest rates. Chairman Powell was very clear that Feds action will lead to economical " pain". Translation: recession. The only question left is how deep and how long.

 

Remember one thing though: asking does not mean selling. Never
I can ask 499 for a GT3 if I want. Will it sell at that price? That is the question !
Check how long have they been for sale.
If they sell for that price...ok, but I highly doubt it.