ipse dixit

I'm guessing it was a translation from German.

toph4242

I literally read this article and sprinted back to Rennlist to comment... I was about to start my comment with "am I stupid... or was this almost impossible to read". So glad I wasn't the only one lol

tna3

On the flip side interest rates went up another .25

shrimp money

That means nothing because if that extra .25% throws off your transaction, you couldn't afford it in the first place. In addition, it doesn't mean credit unions are following suit. The last two times fed raised rates, my CU hasn't followed suit for auto loans.

Vicbastige

Makes sense because yield curves are still inverted (to the best of my knowledge) and car loans are usually 5 year terms and often more for a car like a 911.

chicagomarketing

The source article is Auto News:
https://www.autonews.com/nada-show/p...l-remain-tight

At the national dealer meeting the COO of Porsche NA mentioned that because of geopolitical issues (war, etc.) supplies will be tight in 2023. They project to build in the low 70K units for 2023 a slight improvement to the 70K cars they delivered in 2022. It was also mentioned that Porsche likes to constrain supply by "one short" model for their vehicles but lately it has been "ten short". They will prioritize building GTS and GT variants in 2023.

I've noticed in the GT3 forums there have been more allocations being released in the last 30 days. Porsche walks a tightrope with increasing economic headwinds, and geopolitical issues that will definitely impact their bread and butter cars (macan, cayenne) and their higher end models variants. The days of ADMs are coming to an end as the market balances out.

ENV

LOL. I wouldnt ever pay ADM. I am hoping someone at some point passes a law or some type of penalty for dealers doing that. I cant wait for this market to hit its bottom again and see all the people that stretched over thier budgets due to ADM come back to reality. Its not an OK practice.

Vicbastige

It is ok, it's capitalism. After all, the "S" in MSRP does stand for "suggested". That said, I am with you in that I would not pay over MSRP out of principle alone. Thankfully my dealership sells at MSRP and my GTS is waiting for a boat.

One other thing, my guess is most that paid an ADM were NOT stretching over their budgets and are probably the type of people that don't need to budget. Either way we are clearly making our way back from a sellers market to something close to equilibrium. I hope you get yours the way you want it soon.

ipse dixit

Does that mean you're also ok with a dealer never being able to discount a car from MSRP?

You can't have it both ways unfortunately.

Four or 5 years ago, you'd walk into a dealer cold, and get out with a 5% discount off MSRP for a 911.

Would you be OK paying MSRP for a 911 if you saw a dealer with 20 911's on the lot just sitting there taking up floor space? With no buyers to be seen, except you?

gcurnew

The curious and almost certainly unintended outcome of Porsche focusing on building GT and GTS variants is that allocations and the follow-on used market are skewed towards the high end. Used GT3s, GTS Targas etc. are plentiful, but C4s are as rare as GT cars once were. And good luck if you want a C4 allocation.

Shambler

As a C4 wait-lilster, I can say that there are many more used 991 and 992 C4S to be had than a "plain" C4.
It's just a low volume model and I fear your statement is quite right.

malba2366

When the engines between the Base, S and GTS are basically the same with different levels of tune, why wouldn't they?

malba2366

If you don't want to pay an ADM, that is your choice (I would rather walk than pay one too). Passing laws preventing markets from working according to supply and demand is not the answer. The ability of customers to buy vehicles without the games will eventually force the needed changes.

I absolutely agree that the dealer model is broken and eventually the legacy industry needs to get to an agency model (which is becoming the norm in Europe); or risk losing customers over the long term. Porsche is using an agency model in many markets worldwide, as are BMW and Mercedes. So far Ford has been the only automaker with the ***** to stand up to the dealership cartel in the United States with their recent changes...if they succeed others will probably follow suit. The fact remains that most customers do not enjoy dealing with dealers, and it adds a lot of cost to the vehicles having multiple layers of individuals (Salesperson, Managers, Dealership owners) who are profiting from each sale. Dealership owners, and General Managers likely know that these changes are on the horizon, and they are trying to profit as much as they can in the moment.

ixsomerset

Discovered I've been royally strung along by a dealer on his waiting list for a Targa 4. I've been on the waitlist for over 16 months. This dealer promised an allocation by fall last year. Over the course of 2022 he told me I'd moved up from 7th to 4th on the Targa 4 waitlist.

Then I discover from a VERY reliable source that his entire region (probably 50+ dealers) only received 2 allocations in the entire year of 2022. So his "porky pies" were exposed. The Targa 4 waitlist is like waiting in line for a fairytale car that does not exist.

Bottom line - I am looking for a Targa 4S or Targa 4 GTS. Can pay a reasonable ADM if necessary. If you are a dealer or know a dealer who can get an allocation (V200) please private message me.

Feels like I've been in a queue that's not moving, finally found out and now I have to go to the back of a 18-24 month queue.

HELP ME OUT FOLKS!

malba2366

I find it hard to believe that 50+ dealers only got 2 Targa 4 allocations for the entire year; there are 200 Porsche Dealers in the USA so that would mean only 8 or so Targa 4 were delivered into the US. However, many have observed that Porsche is pushing the higher profit S/GTS models with the current shortages.