ADMs dropping
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Joined: Feb 2023
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Meanwhile, the inventory of used base 992 models is swelling in the local Bay Area dealers.
The sales of used 992s are actually quite slow here in the last 2 months in the SF Bay Area. Also, I see more people backing out of their new 992.1 orders with several dealerships in the Bay Area, especially for the base 992.1 and the T models. Quite a few orphaned new base .1 and T models are listed for sale.
Furthermore, none of the Bay Area dealers I know of charge ADMs on base 992.2 models.
The sales of used 992s are actually quite slow here in the last 2 months in the SF Bay Area. Also, I see more people backing out of their new 992.1 orders with several dealerships in the Bay Area, especially for the base 992.1 and the T models. Quite a few orphaned new base .1 and T models are listed for sale.
Furthermore, none of the Bay Area dealers I know of charge ADMs on base 992.2 models.
Instructor
Joined: Nov 2023
Posts: 205
Likes: 136
You may wish not, but it is true: It's funny that some people are in reality denial business, for the little money / conflict of interest they got involved in their cars.
Here are some cases in point: Porsche Livermore has used 992 (mostly base) inventory that tripled in the last two months. Almost none of them are sold in the last 30+ days.
Similar story in Porsche Fremont and Porsche Stevens Creek. In particular, "USED" 992s are not moving. Fremont has two T's, and even the brand-new black T hasn't moved for over two months - almost hitting 90 days now.
In the Bay Area, the used "992 Base" models are not selling much, and not moving much. Hard facts.
Perhaps inconvenient for some?
Here are some cases in point: Porsche Livermore has used 992 (mostly base) inventory that tripled in the last two months. Almost none of them are sold in the last 30+ days.
Similar story in Porsche Fremont and Porsche Stevens Creek. In particular, "USED" 992s are not moving. Fremont has two T's, and even the brand-new black T hasn't moved for over two months - almost hitting 90 days now.
In the Bay Area, the used "992 Base" models are not selling much, and not moving much. Hard facts.
Perhaps inconvenient for some?
Last edited by double-o-seven; Jun 22, 2024 at 01:46 AM.
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Instructor
Joined: Nov 2023
Posts: 205
Likes: 136
You may wish not, but it is true: It's funny that some people are in reality denial business, for the little money / conflict of interest they got involved in their cars.
Here are some cases in point: Porsche Livermore has used 992 (mostly base) inventory that tripled in the last two months. Almost none of them are sold in the last 30+ days.
Similar story in Porsche Fremont and Porsche Stevens Creek. In particular, "USED" 992s are not moving. Fremont has two T's, and even the brand-new black T hasn't moved for over two months - almost hitting 90 days now.
In the Bay Area, the used "992 Base" models are not selling much, and not moving much. Hard facts.
Perhaps inconvenient for some?
Here are some cases in point: Porsche Livermore has used 992 (mostly base) inventory that tripled in the last two months. Almost none of them are sold in the last 30+ days.
Similar story in Porsche Fremont and Porsche Stevens Creek. In particular, "USED" 992s are not moving. Fremont has two T's, and even the brand-new black T hasn't moved for over two months - almost hitting 90 days now.
In the Bay Area, the used "992 Base" models are not selling much, and not moving much. Hard facts.
Perhaps inconvenient for some?
Last edited by double-o-seven; Jun 22, 2024 at 01:57 AM.
Banned
Joined: May 2024
Posts: 662
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From: Bonita Springs FL
I also note that there has been fairly aggressive price reduction in the used "base" 992.1 inventory at Porsche Livermore, because their used 911's were probably mispriced initially. In case of the red 991.2 Carrera T (PDK) that the Umanski dealership has in stock at Porsche/Audi Livermore, the price offering started at $102K+, and due to low / no demand, the price offered for the red 991.2 T is now under $90K ($88,422 to be exact, with only 18,770 miles), but no takers so far.
Intermediate
Joined: Mar 2024
Posts: 37
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Livermore inventory is quite interesting. Most of their 911s are not CPO which is a rare sight for dealerships. Wonder if there are any stories behind these non-certified cars, at least carfax didnt show anything obvious, otherwise the 991.2 T seems at a decent price. Assuming one cant easily get 3rd party warranty on these out of warranty cars, that might have factored in.
Last edited by qwertya; Jun 22, 2024 at 02:23 PM.
Pro
Joined: Dec 2022
Posts: 676
Likes: 616
From: CA
I also note that there has been fairly aggressive price reduction in the used "base" 992.1 inventory at Porsche Livermore, because their used 911's were probably mispriced initially. In case of the red 991.2 Carrera T (PDK) that the Umanski dealership has in stock at Porsche/Audi Livermore, the price offering started at $102K+, and due to low / no demand, the price offered for the red 991.2 T is now under $90K ($88,422 to be exact, with only 18,770 miles), but no takers so far.
https://www.porschelivermore.com/use...ster&model=911
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Rennlist Member
Joined: Apr 2022
Posts: 1,214
Likes: 772
From: Tampa
You may wish not, but it is true: It's funny that some people are in reality denial business, for the little money / conflict of interest they got involved in their cars.
Here are some cases in point: Porsche Livermore has used 992 (mostly base) inventory that tripled in the last two months. Almost none of them are sold in the last 30+ days.
Similar story in Porsche Fremont and Porsche Stevens Creek. In particular, "USED" 992s are not moving. Fremont has two T's, and even the brand-new black T hasn't moved for over two months - almost hitting 90 days now.
In the Bay Area, the used "992 Base" models are not selling much, and not moving much. Hard facts.
Perhaps inconvenient for some?
Here are some cases in point: Porsche Livermore has used 992 (mostly base) inventory that tripled in the last two months. Almost none of them are sold in the last 30+ days.
Similar story in Porsche Fremont and Porsche Stevens Creek. In particular, "USED" 992s are not moving. Fremont has two T's, and even the brand-new black T hasn't moved for over two months - almost hitting 90 days now.
In the Bay Area, the used "992 Base" models are not selling much, and not moving much. Hard facts.
Perhaps inconvenient for some?
Pro
Joined: Jun 2019
Posts: 720
Likes: 490
From: Southern California
Livermore inventory is quite interesting. Most of their 911s are not CPO which is a rare sight for dealerships. Wonder if there are any stories behind these non-certified cars, at least carfax didn’t show anything obvious, otherwise the 991.2 T seems at a decent price. Assuming one can’t easily get 3rd party warranty on these out of warranty cars, that might have factored in.
Last edited by meyecul; Jun 22, 2024 at 06:28 PM.
Instructor
Joined: Nov 2023
Posts: 205
Likes: 136
Bro, what? Livermore shows 4x base 992s for 116-125k on their website.
https://www.porschelivermore.com/use...ster&model=911
https://www.porschelivermore.com/use...ster&model=911
Also, note that the red 991.2 T listed ($88,422 with only 18,770 miles) which I talked about, is, 991.2, and not 992.
Last edited by double-o-seven; Jun 22, 2024 at 05:37 PM.
Drifting
Joined: Jun 2014
Posts: 3,095
Likes: 1,433
From: some where nice
just visited local dealer today and they have several 992 variants that has been sitting for a while and the GM admitted that the market got much softer the past month
not really sure why people are surprised , things correct with time , this cycle because of covid and government spending has lasted longer than previous cycles and what a lot of people predicted including myself but it is starting to correct
the only question left is how deep is the correction and how the prices will settle down considering the 20 % or so inflation that we have had the past couple of years
not really sure why people are surprised , things correct with time , this cycle because of covid and government spending has lasted longer than previous cycles and what a lot of people predicted including myself but it is starting to correct
the only question left is how deep is the correction and how the prices will settle down considering the 20 % or so inflation that we have had the past couple of years
Racer
Joined: Jan 2024
Posts: 371
Likes: 192
From: DMV
just visited local dealer today and they have several 992 variants that has been sitting for a while and the GM admitted that the market got much softer the past month
not really sure why people are surprised , things correct with time , this cycle because of covid and government spending has lasted longer than previous cycles and what a lot of people predicted including myself but it is starting to correct
the only question left is how deep is the correction and how the prices will settle down considering the 20 % or so inflation that we have had the past couple of years
not really sure why people are surprised , things correct with time , this cycle because of covid and government spending has lasted longer than previous cycles and what a lot of people predicted including myself but it is starting to correct
the only question left is how deep is the correction and how the prices will settle down considering the 20 % or so inflation that we have had the past couple of years
Rennlist Member
Joined: May 2023
Posts: 432
Likes: 181
From: Needham, MA
just visited local dealer today and they have several 992 variants that has been sitting for a while and the GM admitted that the market got much softer the past month
not really sure why people are surprised , things correct with time , this cycle because of covid and government spending has lasted longer than previous cycles and what a lot of people predicted including myself but it is starting to correct
the only question left is how deep is the correction and how the prices will settle down considering the 20 % or so inflation that we have had the past couple of years
not really sure why people are surprised , things correct with time , this cycle because of covid and government spending has lasted longer than previous cycles and what a lot of people predicted including myself but it is starting to correct
the only question left is how deep is the correction and how the prices will settle down considering the 20 % or so inflation that we have had the past couple of years