ADMs dropping
Pro
Joined: May 2021
Posts: 603
Likes: 464
I was checking CPO prices within 500 miles from N.E. Florida on the Porsche website for C4/C2 GTS & Turbo S. Every car for sale was marked up over MSRP ranging from + $7,000 to + $70,000 depending on the year and number of miles. As far as new cars, either ADMs are alive and well or you're waiting for an indefinite length of time for a MSRP allocation. That's been my experience at least. Did the same search for 500 miles around Detroit and it was the same thing. Keep in mind that if a Dealership lists the MSRP price online for new cars doesn't mean there's not an ADM waiting to be added when someone calls. Best of luck to everyone who's searching. With any luck prices will come back to earth for everyone.
Rennlist Member
Joined: May 2019
Posts: 1,239
Likes: 785
From: HOU
This mirrors what I have experienced.
I was checking CPO prices within 500 miles from N.E. Florida on the Porsche website for C4/C2 GTS & Turbo S. Every car for sale was marked up over MSRP ranging from + $7,000 to + $70,000 depending on the year and number of miles. As far as new cars, either ADMs are alive and well or you're waiting for an indefinite length of time for a MSRP allocation. That's been my experience at least. Did the same search for 500 miles around Detroit and it was the same thing. Keep in mind that if a Dealership lists the MSRP price online for new cars doesn't mean there's not an ADM waiting to be added when someone calls. Best of luck to everyone who's searching. With any luck prices will come back to earth for everyone.
Pro
Joined: Jun 2022
Posts: 504
Likes: 345
Some dealers are still in lalaland with their asking prices. Many of those CPO cars have been on the lot for months. Recent auction prices for low mile base/S/GTS models show sales are much closer to MSRP, if not below.
Three Wheelin'
Joined: Feb 2016
Posts: 1,575
Likes: 1,023
Rates shouldn’t really have a huge impact because the delta between auto loan rates and what you can get in an online savings account remains between 2-3%…for me holding on to $150+ k to put into the markets at the right times would make the interest payments worth it. With that being said, it won’t take a huge drop in demand to get rid of ADMs, the flippers are already gone and if another 10% of buyers walk then cars will become pretty available at MSRP…probably 2 or 3 years away from the customary 5-7% discounts on the non GT cars.
Track Day
Joined: Dec 2022
Posts: 21
Likes: 8
I’ll say wait till end of q1 but check end of every month till march. Used car inventory are indeed piling up. I just got a call from BMW about the m5 cs I wanted with a 15% discount. Tesla just slowed down manufacturing as their used cars are languishing causing steep discounts. They had cut theirs new car prices by $7500.
These are all leading indicators that a used car crash is about to happen starting with EV (relatively cheaper gas, competition, interest rates - etc).
I just want the flippers to get crushed. I’m no better, just selfish.
These are all leading indicators that a used car crash is about to happen starting with EV (relatively cheaper gas, competition, interest rates - etc).
I just want the flippers to get crushed. I’m no better, just selfish.
Last edited by the_Inquisitor; Dec 27, 2022 at 01:01 PM.
Thread Starter
Instructor
Joined: Mar 2022
Posts: 219
Likes: 62
I’ll say wait till end of q1 but check end of every month till march. Used car inventory are indeed piling up. I just got a call from BMW about the m5 cs I wanted with a 15% discount. Tesla just slowed down manufacturing as their used cars are languishing causing steep discounts. They had cut theirs new car prices by $7500.
These are all leading indicators that a used car crash is about to happen starting with EV (relatively cheaper gas, competition, interest rates - etc).
I just want the flippers to get crushed. I’m no better, just selfish.
These are all leading indicators that a used car crash is about to happen starting with EV (relatively cheaper gas, competition, interest rates - etc).
I just want the flippers to get crushed. I’m no better, just selfish.
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Intermediate
Joined: Jul 2015
Posts: 34
Likes: 1
From: Bay Area, CA
In Cali, dealers are now asking 20K for C2S & 30K for GTS allocations. Received same quotes from several of them recently. Can't comprehend who in the world is paying that just to get a run of the mill 911.. How is the supply of 911s looking like going forward, at least directionally..(up, down, flat)?! Anyone happens to know?
Three Wheelin'
Joined: Dec 2021
Posts: 1,275
Likes: 1,036
In Cali, dealers are now asking 20K for C2S & 30K for GTS allocations. Received same quotes from several of them recently. Can't comprehend who in the world is paying that just to get a run of the mill 911.. How is the supply of 911s looking like going forward, at least directionally..(up, down, flat)?! Anyone happens to know?
Rennlist Member
Joined: Sep 2021
Posts: 512
Likes: 457
From: USA
Rennlist Member
Joined: Sep 2021
Posts: 512
Likes: 457
From: USA
Show the data on auction prices. And not some MMR or *** Automotive trend graph. Actual wholesale transactions with accompanying VIN or Carfax/Auto Check attached to determine vehicle history for relevance.
Track Day
Joined: May 2014
Posts: 15
Likes: 20
From: SoCal
No ADM on ordered unit
Over the past two weeks I’ve spoken to all the Los Angeles/Southern California based dealers, and all quoted a 20K ADM for a C2S coupe custom order.
I only had one central California dealership offer 7500 over MSRP for a C2S.
I have seen cars offered at MSRP from cancelled orders.
I think we’re heading in the right direction but at least in the Southern California area dealers are still asking for 20K over C2S allocations.
I thought a 7500 ADM for the chance to order a car was fair at this time, wondering if anyone disagrees with me?
I only had one central California dealership offer 7500 over MSRP for a C2S.
I have seen cars offered at MSRP from cancelled orders.
I think we’re heading in the right direction but at least in the Southern California area dealers are still asking for 20K over C2S allocations.
I thought a 7500 ADM for the chance to order a car was fair at this time, wondering if anyone disagrees with me?
‘Try calling Porsche San Diego. While there will surely be a wait for delivery, they have mentioned straight-up MSRP on ordered units.
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