ADMs dropping
Rennlist Member
Joined: Apr 2022
Posts: 1,214
Likes: 772
From: Tampa
Here is a little nugget. When world governments decide to shut every factory down on the planet for well over a year that tends to make the cost of materials skyrocket, and also, and probably most importantly, causes production to fall behind to the point where its practically impossible to catch up.
What does all this translate to you ask? Skyrocketing prices across-the-board for everything. Hoity-toity people call it inflation.
Then, just for fun to add insult to injury when these same world governments decide its better for mankind if energy costs go up significantly this also seriously affects the price of materials.
Now, since your average Porsche affording person generally does well during economic downturns then demand for said Porsche cars dont decrease by that much. So when you have the same level of interest and buying capacity with less product to offer then enters in increased MSRP and the ADM (for really specialty Porsche cars ) to sort things out.
How do we get back to normal? No more ADMs and back to discounts you might ask? Reverse all the things I listed above. Without doing that pricing will remain the same.
What does all this translate to you ask? Skyrocketing prices across-the-board for everything. Hoity-toity people call it inflation.
Then, just for fun to add insult to injury when these same world governments decide its better for mankind if energy costs go up significantly this also seriously affects the price of materials.
Now, since your average Porsche affording person generally does well during economic downturns then demand for said Porsche cars dont decrease by that much. So when you have the same level of interest and buying capacity with less product to offer then enters in increased MSRP and the ADM (for really specialty Porsche cars ) to sort things out.
How do we get back to normal? No more ADMs and back to discounts you might ask? Reverse all the things I listed above. Without doing that pricing will remain the same.
Banned
Joined: May 2024
Posts: 662
Likes: 486
From: Bonita Springs FL
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: Nov 2022
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If the current kerfuffle on tariffs between China and Europe continues to build then tariffs on Porsches (like on MB and BMW) will increase as well - probably reducing demand. That production has to go somewhere and the USA is a likely market. Increased USA supply WILL affect pricing.
Rennlist Member
Joined: Apr 2022
Posts: 1,214
Likes: 772
From: Tampa
If the current kerfuffle on tariffs between China and Europe continues to build then tariffs on Porsches (like on MB and BMW) will increase as well - probably reducing demand. That production has to go somewhere and the USA is a likely market. Increased USA supply WILL affect pricing.
Instructor
Joined: Nov 2010
Posts: 120
Likes: 14
From: Ann Arbor, MI
Interesting thread! I visited the dealer a couple of weeks ago and they received a 992.1 S allocation and told me their waitlist of names had been called with no taker’s and if I wanted the car I could purchase it. I’ve been on the fence and configured so many variations in the past few years that I went ahead and purchased the car at MSRP, no ADM, and configured the car as I wanted it. It will go to production mid-July with late August delivery. Dealer came back last week and offered a small discount off MSRP, I wasn’t anticipating anything so a pleasant surprise. It should be one of the last 992.1 S’s produced, with a manual. After reading this thread, I’m thinking I did pretty well.
Rennlist Member
Joined: Nov 2022
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I generally find that people who are in the market for a new Porsche are generally accursed with this type of pricing and availability optimism. Of course, said optimism is generally a based off of hope and desire rather than any understanding of what the future holds. I have experience with this type of optimism myself. :-). It affects me in the watch world also. Lol
Rennlist Member
Joined: Apr 2022
Posts: 1,214
Likes: 772
From: Tampa
Interesting thread! I visited the dealer a couple of weeks ago and they received a 992.1 S allocation and told me their waitlist of names had been called with no takers and if I wanted the car I could purchase it. Ive been on the fence and configured so many variations in the past few years that I went ahead and purchased the car at MSRP, no ADM, and configured the car as I wanted it. It will go to production mid-July with late August delivery. Dealer came back last week and offered a small discount off MSRP, I wasnt anticipating anything so a pleasant surprise. It should be one of the last 992.1 Ss produced, with a manual. After reading this thread, Im thinking I did pretty well.
I dont think we really ever had ADMs on Carreras (any of them) in Florida. Only turbo cars and GT cars. I didnt ever really go after one of them hard enough to check more than just my local dealerships. They were always still a pain in the butt to get though. However, you could get them at MSRP and still can. At least here in Tampa I mean.
its cool that you built one to your spec. Its best that way. It feels like yours. Congrats.
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Racer
Joined: Dec 2019
Posts: 496
Likes: 420
I dont think we really ever had ADMs on Carreras (any of them) in Florida. Only turbo cars and GT cars. I didnt ever really go after one of them hard enough to check more than just my local dealerships. They were always still a pain in the butt to get though. However, you could get them at MSRP and still can. At least here in Tampa I mean.
its cool that you built one to your spec. Its best that way. It feels like yours. Congrats.
its cool that you built one to your spec. Its best that way. It feels like yours. Congrats.
Rennlist Member
Joined: Apr 2022
Posts: 1,214
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From: Tampa
Instructor
Joined: Nov 2023
Posts: 205
Likes: 136
You know, every day when I listen to Spotify on my drive to office, silly Audi radio commercials tirelessly flood the speakers between my music lists. No other automaker has been as proactive as Audi in Spotify radio commercials, yet the Audi sales in the US have faltered in the last few years. A typical Audi customer is not as well off as a Porsche customer, but she/he isn't exactly a penny-pinch customer like a VW Jetta buyer either.
Since VW has been bombarding so much Audi radio ads on Spotify in the last 6 months, I wonder whether the VW group is quite desperate for any sales of Audis and VW-badged cars in the US. Porsche is pretty much the last thing that VW has going in the US market in terms of hype and growth, so I almost feel like Porsche MSRP increases have been subsidizing the under-performing and bleeding Audi and VW divisions in the US, or worldwide, for that matter.
A surprisingly(?) soft demand for 992.2 doesn't bode well for VW's wishes to bilk Porsche customers with price hikes beyond the current auto industry inflation rates, however. They will need something other than the 911 to put out the fire on VW's rooftops.
Since VW has been bombarding so much Audi radio ads on Spotify in the last 6 months, I wonder whether the VW group is quite desperate for any sales of Audis and VW-badged cars in the US. Porsche is pretty much the last thing that VW has going in the US market in terms of hype and growth, so I almost feel like Porsche MSRP increases have been subsidizing the under-performing and bleeding Audi and VW divisions in the US, or worldwide, for that matter.
A surprisingly(?) soft demand for 992.2 doesn't bode well for VW's wishes to bilk Porsche customers with price hikes beyond the current auto industry inflation rates, however. They will need something other than the 911 to put out the fire on VW's rooftops.
Last edited by double-o-seven; Jun 24, 2024 at 12:23 PM.
Advanced
Joined: Feb 2012
Posts: 92
Likes: 55
Oh yes, thats true. We werent talking about PPF or buying one of their silly watches. Were talking about ADMs. I.e. added money. I suppose you could include those things in that if you want. Also, like I said, they only had ADMs, at least for me, on high demand, cars like turbo and GT cars. However, let me say once again, it was still not easier to get the other model 911s either, but at least you could get them at MSRP. Thats my experience with them. That and they lie a lot so everything Ive just said might not have been true in the end anyway. Lol
Racer
Joined: Dec 2019
Posts: 496
Likes: 420
Oh yes, thats true. We werent talking about PPF or buying one of their silly watches. Were talking about ADMs. I.e. added money. I suppose you could include those things in that if you want. Also, like I said, they only had ADMs, at least for me, on high demand, cars like turbo and GT cars. However, let me say once again, it was still not easier to get the other model 911s either, but at least you could get them at MSRP. Thats my experience with them. That and they lie a lot so everything Ive just said might not have been true in the end anyway. Lol
Racer
Joined: Mar 2022
Posts: 464
Likes: 218
ADM on base carerra
[QUOTE=Patton250;19512306]I dont think we really ever had ADMs on Carreras (any of them) in Florida. Only turbo cars and GT cars. I didnt ever really go after one of them hard enough to check more than just my local dealerships. They were always still a pain in the butt to get though. However, you could get them at MSRP and still can. At least here in Tampa I mean.
We bought a CPO C2S about 3 months ago in Florida West Palm area as we were perusing, i noticed a really well specced 911 base, with its 10k ADM it stickered on the floor at $166k it was very highly specced..
our SA was nearby and when i commented on adm on a Base 911?? to my wife he overheard and said , oh that can be negotiated away i'm sure...
So yes they were trying to get an ADM on a Base car.
We bought a CPO C2S about 3 months ago in Florida West Palm area as we were perusing, i noticed a really well specced 911 base, with its 10k ADM it stickered on the floor at $166k it was very highly specced..
our SA was nearby and when i commented on adm on a Base 911?? to my wife he overheard and said , oh that can be negotiated away i'm sure...
So yes they were trying to get an ADM on a Base car.
Instructor
Joined: Nov 2017
Posts: 209
Likes: 107
I dont think we really ever had ADMs on Carreras (any of them) in Florida. Only turbo cars and GT cars. I didnt ever really go after one of them hard enough to check more than just my local dealerships. They were always still a pain in the butt to get though. However, you could get them at MSRP and still can. At least here in Tampa I mean.
its cool that you built one to your spec. Its best that way. It feels like yours. Congrats.
its cool that you built one to your spec. Its best that way. It feels like yours. Congrats.