Smirnoff67

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.

CubsFan1

This mirrors what I have experienced.

HappinessProcured

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.

malba2366

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.

chicagomarketing

The car market is turning into the buyers market. Regardless if we pay cash or finance/cash inventory is set to jump in 2023 by Q2. I am patiently waiting.

the_Inquisitor

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.

rockbottom8

Yes and with Carvana going under a bunch of used cars are going to hit the market increasing the supply :P

Shambler

Exchanged e-mails with Porsche Irvine... $15K ADM for a C4 allocation if they can get one!

Pass

rockbottom8

czechchamp

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?

22992

directionally down at the moment

NastyHabits

Gonna take awhile for Carvana inventory to re-enter the pipeline.

NastyHabits

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.

StuM

….
‘Try calling Porsche San Diego. While there will surely be a wait for delivery, they have mentioned straight-up MSRP on ordered units.

ipse dixit

Not sure Carvana is a good proxy for the used Porsche car market.