ADMs dropping
02-12-2023, 02:43 PM
#286
Racer
Yesterday, I stopped at Porsche Norwell (south of Boston for those non locals) and asked about allocation and ADM.
About 3-4 months ago via e-mail, I was flatly told it was $15K for a C2 or C4 (bases). This time, I was told the same thing, but with some hedging. "Maybe $10K" and "up to the GM."
So, maybe the point on the demand curve is moving slowly back to norm. Who knows!
About 3-4 months ago via e-mail, I was flatly told it was $15K for a C2 or C4 (bases). This time, I was told the same thing, but with some hedging. "Maybe $10K" and "up to the GM."
So, maybe the point on the demand curve is moving slowly back to norm. Who knows!
The following 3 users liked this post by Shambler:
02-12-2023, 02:49 PM
#287
Burning Brakes
BTW, how about those ADMs?
The following users liked this post:
devexpert (02-12-2023)
02-12-2023, 02:52 PM
#288
RL Community Team
Rennlist Member
Rennlist Member
It doesn’t take Nostradamus to figure out that ADMs will drop, maybe not all the way to parity with MSRP, but will decline.
The better question is whether waiting for that day to come when the ADM or lack of one makes you comfortable enough to buy was worth the time being without a 911.
Was saving 10k on ADM worth waiting an additional year for a 911 (as an example)? If it was did you do something with that money to make it work for you? Invest it in something so that it’s not just sitting in the back getting b!tch slapped by inflation?
The better question is whether waiting for that day to come when the ADM or lack of one makes you comfortable enough to buy was worth the time being without a 911.
Was saving 10k on ADM worth waiting an additional year for a 911 (as an example)? If it was did you do something with that money to make it work for you? Invest it in something so that it’s not just sitting in the back getting b!tch slapped by inflation?
02-12-2023, 03:00 PM
#289
Pro
It doesn’t take Nostradamus to figure out that ADMs will drop, maybe not all the way to parity with MSRP, but will decline.
The better question is whether waiting for that day to come when the ADM or lack of one makes you comfortable enough to buy was worth the time being without a 911.
Was saving 10k on ADM worth waiting an additional year for a 911 (as an example)? If it was did you do something with that money to make it work for you? Invest it in something so that it’s not just sitting in the back getting b!tch slapped by inflation?
The better question is whether waiting for that day to come when the ADM or lack of one makes you comfortable enough to buy was worth the time being without a 911.
Was saving 10k on ADM worth waiting an additional year for a 911 (as an example)? If it was did you do something with that money to make it work for you? Invest it in something so that it’s not just sitting in the back getting b!tch slapped by inflation?
I did well on others though, and still green overall. Nevertheless, as you rightly point out, better to lose money on a 911 that I can drive than on stocks sitting in a brokerage account.
The following users liked this post:
EXFIB (02-13-2023)
02-12-2023, 03:44 PM
#290
It so simple maybe we all just need a refresher. ADMs, as long as there are those willing to pay them, represent the true current value of a product based on supply/demand equilibrium. They will continue until (if and when) supply and/or demand shift. Those dealers selling w/o an ADM either are in a market where demand curve is lower OR are willing to sell below actual market value for other reasons (long game with customer loyalty OR incentives offered by Porsche to do so). Suggesting one not pay the ADM in any given market and asking others to do so is a (futile) attempt to shift the demand curve. Good news is these curves are dynamic and will with certainty continue to shift. One can only hope in a way that moderates prices.
The following 4 users liked this post by malba2366:
02-12-2023, 03:44 PM
#291
Rennlist Member
To all the people on RL that say that money does not matter
I will say what Kelly Clarkson said when she was asked about it on a national interview .Apparently she grew up very poor
her reply: The only people that say that are the people that have the money
bottom line : 10-15 K is still a lot of money to a lot of people
if not for you, stay humble and quiet and thank what ever higher entity you believe in
I will say what Kelly Clarkson said when she was asked about it on a national interview .Apparently she grew up very poor
her reply: The only people that say that are the people that have the money
bottom line : 10-15 K is still a lot of money to a lot of people
if not for you, stay humble and quiet and thank what ever higher entity you believe in
The following 11 users liked this post by pitt911:
BOS911T (02-13-2023),
bzcat (02-18-2023),
catdog2 (02-12-2023),
devexpert (02-13-2023),
FirstPorscheGT3 (02-16-2023),
and 6 others liked this post.
02-12-2023, 04:31 PM
#292
The general concept of ADM isn’t offensive to me like it is others because I also love buying cars at discounts to mark. . I just think the market should fluctuate equally. Half baked idea: Porsche NA creates a rule that your ability to charge ADM is capped by the amount you’ve had to discount the same model in the last 5 years.
so if in buyers markets cars are going for $10k under sticker, in a sellers market you can mark it up by that same $10k. Whats offensive is the scale of the ADM. if I could get a GT3 for $100k off sticker at some point in the last 10 years I’d be fine with it swinging $100k up. But it’s asymmetric
so if in buyers markets cars are going for $10k under sticker, in a sellers market you can mark it up by that same $10k. Whats offensive is the scale of the ADM. if I could get a GT3 for $100k off sticker at some point in the last 10 years I’d be fine with it swinging $100k up. But it’s asymmetric
The following users liked this post:
catdog2 (02-12-2023)
02-12-2023, 09:27 PM
#293
Yesterday, I stopped at Porsche Norwell (south of Boston for those non locals) and asked about allocation and ADM.
About 3-4 months ago via e-mail, I was flatly told it was $15K for a C2 or C4 (bases). This time, I was told the same thing, but with some hedging. "Maybe $10K" and "up to the GM."
So, maybe the point on the demand curve is moving slowly back to norm. Who knows!
About 3-4 months ago via e-mail, I was flatly told it was $15K for a C2 or C4 (bases). This time, I was told the same thing, but with some hedging. "Maybe $10K" and "up to the GM."
So, maybe the point on the demand curve is moving slowly back to norm. Who knows!
The sales staff and entire experience was otherworldly positive compared to the disdain Porsche dealers have been spewing onto potential buyers these past couple of years.
Last edited by catdog2; 02-12-2023 at 09:50 PM.
02-12-2023, 10:17 PM
#294
Rennlist Member
I called the Walnut Creek (one of the many Bay Area SF dealers) dealership Friday. No ADM for c2 and 6-9 month wait. Available slot immediately for a c4cab. $10k for everything else….but interestingly, the ADM doesn’t accelerate you on the waitlist. It’s wait 12-18 months, and when they call, if you don’t pay the $10k, you are skipped over.
02-12-2023, 10:32 PM
#295
I called the Walnut Creek (one of the many Bay Area SF dealers) dealership Friday. No ADM for c2 and 6-9 month wait. Available slot immediately for a c4cab. $10k for everything else….but interestingly, the ADM doesn’t accelerate you on the waitlist. It’s wait 12-18 months, and when they call, if you don’t pay the $10k, you are skipped over.
02-12-2023, 10:42 PM
#296
Rennlist Member
02-12-2023, 10:43 PM
#297
Burning Brakes
The following users liked this post:
jwfrazier (05-28-2023)
02-12-2023, 11:48 PM
#298
Or burn coal and gas to get your electricity as the vast majority comes from those sources. Clear data that electricity is more efficient as electricity generation is not limited by size/weight (power plant vs. small combustion engine that must fit in a car), but still predominantly carbon based.
BTW, how about those ADMs?
BTW, how about those ADMs?
About the ADM's dealers are losing business to dealers that are offering sales at MSRP was told by a dealer just yesterday. Im one of those , im not buying from any dealer doing ADM at the time in the future.
02-13-2023, 12:40 AM
#299
02-13-2023, 12:47 AM
#300
I've been eying GTS coupes at auction and CPO cars. All under 5k miles by my filters, but many basically new with just a few hundred miles. Recent auctions are going for a few grand over MSRP. But dealers are asking around $30k over still. There seems to be a disconnect.