SS22

“And Porsche sports cars like the 911 are part of that strategy. Blume said the next-gen 911, which will be hybrid, is well on the development path, but Blume would not give timing on when the model will be revealed.Blue did say that he’s driven the 911 hybrid and that “the punch is tremendous,” adding that the strength of the hybrid powertrain means the 911 “will have internal combustion engines as long as we can.” One thing to note however is that Blume said the 911 hybrid will not be a plug-in version, just a mild hybrid. This follows in the footsteps of hybrid sports cars like Acura’s NSX and the upcoming Corvette E-Ray.”


YAHOO FINANCE: Porsche CEO talks record results, upcoming flagship EV, and 911 hybrid’s ‘tremendous’ punch

SK991.2

So just a cursory read on these statements from Porsche conference call.. MOST of these price increases have nothing to do with supply/demand issues or even that much inflation.. BUT the coming
mandated transition to ELECTRIFICATION is damaging their usual easy to maintain high profitablity.. and of course, now.. Porsche is a publicly traded company.. Porsche will raise ICE prices more dramatically..
so that electric doesnt appear to be such the dumb idea/rip off that it is.. too bad

SK991.2

Whoops sorry.. I thought I was replying in the price increase thread..

nyca

Not surprising that the EV mandates are going to raise prices across the board for ICE customers as well.

Nibiru12

Well... The sales of luxury cars in 2021:

Benz: 758,863 sold in China, 276,102 in the US
BMW: 846,237 sold in China, 336,644 in the US
Audi: 701,289 sold in China, 196,038 in the US
Porsche: 95,671 sold in China, 70,025 in the US

https://group.mercedes-benz.com/comp...ales-2022.html

In 2022, Mercedes sold 751,700 vehicles in China, vs 286,800 in the USA.
That's despite Covid lockdown in Shanghai in 2022....

Chinese economy is probably 2-3 times bigger than that of the US already, not PPP, but nominal terms. (US GDP is a BS, means nothing)
They build buildings, bridges, railroads, power plants, airports in Africa, Middle East, and Latin America with their own money.
The new Egyptian capital, the whole city is built out of nothing by China too, in 2-3 years time... With Chinese loans...
The US or West cannot even dream of doing such things there, as well as in their own countries....
And then high speed rails, new space station, and China is actually going to go to the moon for real, no faking.... in 7 years....

China produce much more, spend much more, and trade with other countries much more than the US does, but we are told it's smaller economy than the US.... lol....
In EU, most Mercedes and BMW sold are smaller subcompacts, in China, midsize and bigger SUVs are the best sellers.

China is already Porsche's #1 priority, it will grow much bigger than the US and EU combined by 2035.
Same story for Rolex, LV, Hermes, Channel....

Chinese buildings

You Tube

Chinese Shopping Malls

You Tube

Wuhan

You Tube

XinJiang Concentration camp

ipse dixit

As the saying goes, when China sneezes, the rest of the world catches the flu.

Stephen Shi

yet 992s are losing at least 20 to 25 % in used market in China. The economy is not what it once was

McNamara

There's also serious demographic issues on the horizon for China. We'll see where things are at in ~10 years.

nyca

Indeed, especially after the Taiwan war with the US.

McNamara

Haha.

PorscheObsessed

I have offers for trade-in at a $10k premium for my ‘21 S as of last week. In December, the offer was $15k over msrp. Unless you paid ADM or have ****ty options, the prices are phenomenally stable.

SS22

I’d like to see some 992s (particularly S or GTS) that are down 20-25% in the market. Maybe in la la land?

Stephen Shi

i was talking about the price/market in china…
i was indicating the irony between the two markets us and china

ipse dixit

The 911 has never historically sold or resold well in China. The Panamera is king in China.

The almost exact reverse is true in the U.S.

But that dichotomy does not say anything about the resale values of 911's in the U.S., or the demographics going forward for China.

aggie57

https://www.theatlantic.com/business...nd-2010/69959/