Google doesn't work on your computer? LOL

 

Yeah, sorry.

 

Yep, does. That's my point but hey, off topic so will leave it there.

 

At 7:39 mark, he says 2022 S/GTS prices have fallen 16-21%. Is he just pulling numbers out of a hat and getting views? I haven’t seen a certified 2022 GTS at MSRP let alone a 16-21% depreciation!!!!

 

@SS22 This guy's been at it for awhile now. Some YouTubers make definitive claims just to get clicks and thus pad their pockets. Sure, if this is your job, thats what you have to do. I recall seeing another YouTuber who titles his video "buying my dream car..." every few months...

 

I personally think there was a bit of a CPO land rush after the last allocation period past. Those frustrated folks without allocation, like myself, decided to move forward with what they could.

I don't have any data to back this up beyond my now occasional scanning of the Porsche USA CPO offers.

 

​​​​​​I think woke is referring to many things that go against what you've experienced in life.

Men can have babies, straight, white males are the problem. toxic masculinity, F the police, defund the police, men competing in womens sports, LGBTQAI++++ everything, Coca-Cola hiring Robin DiAngelo to hold seminars asking white people to be less white.

As a non-Caucasian, I'm fascinated by the desire of Caucasians to wipe themselves off the map to appeal to a faceless group of people.

Alas, there's no point in debating about any of it, because companies and people will do what they do, and believe what they want to believe. VW owns Porsche, and they're woke with the climate change agenda, but they're the ones constantly caught in emissions scandals. But, we still love their products.

 

I agree, I haven't seen anything to support this. This guy just makes things up.


In the last earnings newsletter, Porsche reported a double digit increase in CPO sales. Let me find it, and I'll edit my post to show.

 

Ok, I’m glad I’m not missing something HUGE! How pathetic though.

 

I may be a sucker, but I believe he bases his analysis in hard data. What he is saying is that if you take all the sales of a given model across all of the US, month by month, that’s how prices are tracking on average (but he also shows the deviation from average using color shades around the average trend line).

 

But what is his data?

Mannheim auctions, or is his data simply what a car was advertised for before it was delisted.

 

Garbage in...garbage out, so I agree with the "what is his data?"

I don't think he pulls actual transactions that have finished data, which would be pretty hard to gather on private sales (not public knowledge), which I would presume is a large portion of the overall market.

 

To be fair, there is some value to the "ask" price.

Because if "sell" prices are trending down, then the ask prices will likely follow. No sense is asking for an ADM of 50k (on average), if most cars are selling in parity with MSRP.

In many ways, the "ask" price is a typical lagging indicator of where ADM's are trending.

 

Used Carrera S MY2020 with low miles were going for 10K over original MSRP last summer. Now those cars are selling at below MSRP. The flip cars were selling at 25k+ over MSRP are selling for pretty close to MSRP now.