Current 992 ADM?
11-01-2022, 07:08 PM
#1
Current 992 ADM?
I'm looking to buy a 992 and the dealership says the adjusted dealer markup (ADM) is $15K for a base 911, $25K for an S/4, $35K for a 4S/GTS, and $50K for a Turbo/Turbo S. Is this still in-line with the market? These are the same numbers that my local dealership quoted me back in May before they "lost" my allocation (due to a 'CRM change') but I've got to imagine the market has cooled since then. Are these numbers still reasonable? For this kind of money I'll gladly pick up wherever - at sticker I'd buy a Turbo Cab but with these markups I'd stick with the base model Cab. What kind of markups is everyone else paying on a new (non-GT3!) 992?
Thanks!
Thanks!
Popular Reply
11-01-2022, 08:11 PM
I was just looking the last few months and the are not many S/4S or GTS new on lots. I ran into 15-25k right off the bat when I asked about pricing. I had a 4S down to 15k and possibly would of went to ten had i bought it by yesterday. The lowest GTS ADM I found was 15k over. Even most used 992s are still above original MSRP unless they are 20 models and have quite a few miles on them.
1. I didn't have to wait 18-24-ish at best months for a MSRP deal.
2. I got the exact car/build I wanted.
3. I keep my cars until the wheels fall off so over time that ADM becomes less and less.
4. Porsche raises the price on their cars every year, so if you wait 2+ years to get a MSRP deal, how much are you really saving?
5. I am perfectly happy with the current 911 as it is, so future changes aren't that important to me.
6. Was afraid to wait who knows how long for a MSRP deal and then not be happy with that 911...i.e. if it's a hybrid or whatever.
7. If I ever decide I want more horsepower and torque to keep up with any newer models I can always add a tune.
8. Finally, no one is guaranteed tomorrow; so while others choose to stand on principle (which I wholeheartedly respect) or some other reason and wait for a MSRP deal, I was offered a car completely unexpectedly and I decided to jump on it. I would rather spend the next 2 years driving a 911 than not, and the ADM was a price I was willing to pay to do that.
11-01-2022, 07:24 PM
#3
I'm looking to buy a 992 and the dealership says the adjusted dealer markup (ADM) is $15K for a base 911, $25K for an S/4, $35K for a 4S/GTS, and $50K for a Turbo/Turbo S. Is this still in-line with the market? These are the same numbers that my local dealership quoted me back in May before they "lost" my allocation (due to a 'CRM change') but I've got to imagine the market has cooled since then. Are these numbers still reasonable? For this kind of money I'll gladly pick up wherever - at sticker I'd buy a Turbo Cab but with these markups I'd stick with the base model Cab. What kind of markups is everyone else paying on a new (non-GT3!) 992?
Thanks!
Thanks!
11-01-2022, 07:30 PM
#4
thats not right. It's people such as yourself that have tried so hard to speak the death of adm into existence with nothing to show for it. If it's dead on any variant then please, enlighten us on where exactly you can obtain such a car without adm? I'll wait.
edit: and just so you're aware, I'm not saying it's impossible to avoid adm, I'm merely stating your comment is a far reach.
Last edited by Kram; 11-01-2022 at 07:31 PM.
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11-01-2022, 07:38 PM
#5
Rennlist Member
I was just looking the last few months and the are not many S/4S or GTS new on lots. I ran into 15-25k right off the bat when I asked about pricing. I had a 4S down to 15k and possibly would of went to ten had i bought it by yesterday. The lowest GTS ADM I found was 15k over. Even most used 992s are still above original MSRP unless they are 20 models and have quite a few miles on them.
11-01-2022, 07:55 PM
#6
I think that the state/region you're shopping in is going to make quite the difference on what your answer is going to be.
Supply hasn't changed much for the 992 market, though the rebuilding of the cars lost on the Felicity Ace is likely over now, which means more cars for new allocations. Demand on the other hand has changed quite a bit. Do non-ADM cars exist? Yes. Are you going to have to do some legwork to find them? Yes. Will it be easier than 6 months again? Probably, maybe, go find out.
The important question though is why are you working with a dealer that "lost your allocation" this year already? That has bad faith written all over it, and I'd take my $100k+ somewhere else.
Supply hasn't changed much for the 992 market, though the rebuilding of the cars lost on the Felicity Ace is likely over now, which means more cars for new allocations. Demand on the other hand has changed quite a bit. Do non-ADM cars exist? Yes. Are you going to have to do some legwork to find them? Yes. Will it be easier than 6 months again? Probably, maybe, go find out.
The important question though is why are you working with a dealer that "lost your allocation" this year already? That has bad faith written all over it, and I'd take my $100k+ somewhere else.
Last edited by cota.kitty; 11-01-2022 at 08:02 PM.
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11-01-2022, 08:09 PM
#7
This is all very helpful - thanks! And I'm in the mid-west but don't feel much loyalty towards my local dealer. I've only been here a few years but they had my Cayenne in for service for several months (8 times? the dealership in ABQ diagnosed and fixed the failed turbo immediately) and they wanted almost $900 to replace the battery in my 991 4S (where the local Porsche 'specialist' place did it for under $200). My last 7 dailies have been 911s and my wife's last 2 have been Cayennes (plus a few others for giggles) so I've got good/established relationships with dealerships in DC and CA but not where I am in the midwest. I'm all about shopping local but want to make sure I'm not being taken advantage of. Really love the hassle-free nature of the fixed-price Tesla model - and I just got notice that my Grenadier will be delivered in March (also at sticker)!
Thanks all!
Thanks all!
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minn19 (11-01-2022)
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11-01-2022, 08:11 PM
#8
I was just looking the last few months and the are not many S/4S or GTS new on lots. I ran into 15-25k right off the bat when I asked about pricing. I had a 4S down to 15k and possibly would of went to ten had i bought it by yesterday. The lowest GTS ADM I found was 15k over. Even most used 992s are still above original MSRP unless they are 20 models and have quite a few miles on them.
1. I didn't have to wait 18-24-ish at best months for a MSRP deal.
2. I got the exact car/build I wanted.
3. I keep my cars until the wheels fall off so over time that ADM becomes less and less.
4. Porsche raises the price on their cars every year, so if you wait 2+ years to get a MSRP deal, how much are you really saving?
5. I am perfectly happy with the current 911 as it is, so future changes aren't that important to me.
6. Was afraid to wait who knows how long for a MSRP deal and then not be happy with that 911...i.e. if it's a hybrid or whatever.
7. If I ever decide I want more horsepower and torque to keep up with any newer models I can always add a tune.
8. Finally, no one is guaranteed tomorrow; so while others choose to stand on principle (which I wholeheartedly respect) or some other reason and wait for a MSRP deal, I was offered a car completely unexpectedly and I decided to jump on it. I would rather spend the next 2 years driving a 911 than not, and the ADM was a price I was willing to pay to do that.
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11-01-2022, 08:35 PM
#9
If you've found an allocation for a 2023 Carrera GTS with only a $15K ADM, jump on it immediately. I'm not a fan of ADM by any stretch, but that's the deal these days for anyone who wants a Porsche. And contrary to what people may say or hope for, its not going to change in the foreseeable future unless you're either a "somebody" or know "somebody". Heck, I'm related to a "somebody" and had to pay a 15% ADM. It's the nature of the current beast. But that works for me for a few reasons.
1. I didn't have to wait 18-24-ish at best months for a MSRP deal.
2. I got the exact car/build I wanted.
3. I keep my cars until the wheels fall off so over time that ADM becomes less and less.
4. Porsche raises the price on their cars every year, so if you wait 2+ years to get a MSRP deal, how much are you really saving?
5. I am perfectly happy with the current 911 as it is, so future changes aren't that important to me.
6. Was afraid to wait who knows how long for a MSRP deal and then not be happy with that 911...i.e. if it's a hybrid or whatever.
7. If I ever decide I want more horsepower and torque to keep up with any newer models I can always add a tune.
8. Finally, no one is guaranteed tomorrow; so while others choose to stand on principle (which I wholeheartedly respect) or some other reason and wait for a MSRP deal, I was offered a car completely unexpectedly and I decided to jump on it. I would rather spend the next 2 years driving a 911 than not, and the ADM was a price I was willing to pay to do that.
1. I didn't have to wait 18-24-ish at best months for a MSRP deal.
2. I got the exact car/build I wanted.
3. I keep my cars until the wheels fall off so over time that ADM becomes less and less.
4. Porsche raises the price on their cars every year, so if you wait 2+ years to get a MSRP deal, how much are you really saving?
5. I am perfectly happy with the current 911 as it is, so future changes aren't that important to me.
6. Was afraid to wait who knows how long for a MSRP deal and then not be happy with that 911...i.e. if it's a hybrid or whatever.
7. If I ever decide I want more horsepower and torque to keep up with any newer models I can always add a tune.
8. Finally, no one is guaranteed tomorrow; so while others choose to stand on principle (which I wholeheartedly respect) or some other reason and wait for a MSRP deal, I was offered a car completely unexpectedly and I decided to jump on it. I would rather spend the next 2 years driving a 911 than not, and the ADM was a price I was willing to pay to do that.
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Smirnoff67 (11-01-2022)
11-01-2022, 08:35 PM
#10
Rennlist Member
If you've found an allocation for a 2023 Carrera GTS with only a $15K ADM, jump on it immediately. I'm not a fan of ADM by any stretch, but that's the deal these days for anyone who wants a Porsche. And contrary to what people may say or hope for, its not going to change in the foreseeable future unless you're either a "somebody" or know "somebody". Heck, I'm related to a "somebody" and had to pay a 15% ADM. It's the nature of the current beast. But that works for me for a few reasons.
1. I didn't have to wait 18-24-ish at best months for a MSRP deal.
2. I got the exact car/build I wanted.
3. I keep my cars until the wheels fall off so over time that ADM becomes less and less.
4. Porsche raises the price on their cars every year, so if you wait 2+ years to get a MSRP deal, how much are you really saving?
5. I am perfectly happy with the current 911 as it is, so future changes aren't that important to me.
6. Was afraid to wait who knows how long for a MSRP deal and then not be happy with that 911...i.e. if it's a hybrid or whatever.
7. If I ever decide I want more horsepower and torque to keep up with any newer models I can always add a tune.
8. Finally, no one is guaranteed tomorrow; so while others choose to stand on principle (which I wholeheartedly respect) or some other reason and wait for a MSRP deal, I was offered a car completely unexpectedly and I decided to jump on it. I would rather spend the next 2 years driving a 911 than not, and the ADM was a price I was willing to pay to do that.
1. I didn't have to wait 18-24-ish at best months for a MSRP deal.
2. I got the exact car/build I wanted.
3. I keep my cars until the wheels fall off so over time that ADM becomes less and less.
4. Porsche raises the price on their cars every year, so if you wait 2+ years to get a MSRP deal, how much are you really saving?
5. I am perfectly happy with the current 911 as it is, so future changes aren't that important to me.
6. Was afraid to wait who knows how long for a MSRP deal and then not be happy with that 911...i.e. if it's a hybrid or whatever.
7. If I ever decide I want more horsepower and torque to keep up with any newer models I can always add a tune.
8. Finally, no one is guaranteed tomorrow; so while others choose to stand on principle (which I wholeheartedly respect) or some other reason and wait for a MSRP deal, I was offered a car completely unexpectedly and I decided to jump on it. I would rather spend the next 2 years driving a 911 than not, and the ADM was a price I was willing to pay to do that.
I’m first up on my dealers list for a GTS 4 at MSRP plus watch (currently).
Last edited by minn19; 11-01-2022 at 08:37 PM.
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Smirnoff67 (11-01-2022)
11-01-2022, 08:44 PM
#11
They weren’t allocations, they were GTS’s on the lot. They both had CL wheels that I didn’t want to deal with. Plus, I still don’t know, but my gut tells me they are aren’t worth or better than the CPO 4S I got at 30-40k more $$$.
I’m first up on my dealers list for a GTS 4 at MSRP plus watch (currently).
I’m first up on my dealers list for a GTS 4 at MSRP plus watch (currently).
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minn19 (11-01-2022)
11-01-2022, 08:50 PM
#12
Rennlist Member
Not to derail the thread, OP that sounds about right. I wasn’t looking for a base but all new S/4S I found started at 25k over. Maybe try looking CPO. There are a decent amount of very nice one owner low mileage base cars out there. Cheaper and if you get a 21 or 22 you probably will have a longer warranty than a new one. Also with less mileage restrictions if I understand it correctly.
Last edited by minn19; 11-01-2022 at 08:51 PM.
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Smirnoff67 (11-01-2022)
11-01-2022, 09:13 PM
#13
Which MN dealer?
11-01-2022, 09:17 PM
#14
I think it is market dependent... ADM for my GTS was zero. It wasn't even a discussion point but clearly it is still a thing in some places.
Last edited by gthal; 11-01-2022 at 09:51 PM.
11-01-2022, 09:19 PM
#15
Rennlist Member