secondtimer

In San Francisco, if you leave your garage opened like that you will likely be robbed.

SS22

Where will you not be robbed in San Francisco? Lol

(don’t mind me, I’m from the south… by that I mean, Southern California!)

22992

You also get robbed if you do it in Ohio…My Giant mountain bike walked away one day when I had my GD open.

adrianp89

You guys must live in poor neighborhoods getting robbed all the time like that. (sarcasm)

Spiffx

I have a P99, which is a Walther. P89 is a Ruger, correct? We also have the same name…😅

Nein Eleven

Yes, and speaking of the poors ...

22992

This was in Upper Arlington- for those who aren’t familiar with central Ohio, It’s a very well to do area. Crime happens everywhere

adrianp89

Ohio - home of peasants and spliced extension cords.

Shogunade

haha. Dave Chapelle took it.

22992

Lol…I don’t know how to argue that…

Booth9999

not everywhere, some of us live in the woods….

Spiffx

Back to topic:

https://www.cnbc.com/amp/2023/03/25/...le-market.html

I know the Porsche market is different to the wider car market, nevertheless, as I read the article, I could also see how some of the points affecting the overall market are also affecting the Porsche market.

Most of the recent conversation in this thread has revolved around arguments that ‘an economic downturn will affect demand’ and ‘Porsche buyers not being affected by an economic downturn’, with people arguing for and against both points.

Nevertheless, the interesting points I gather from the article relate to the supply side. With reduced new vehicle production for a large period (pandemic), the overall offer going forward (new and used) might not catch-up with demand for some time to come, keeping the overall market short longer than any possible downturn might suggest. Of course, I also recognize this is all crystalball thinking.

nyca

None of the auto makers want to return to the "normal" market - so it won't. They don't want to produce more cars. Remember, US sales were 17M a year pre-COVID, they are down 3M units now, so demand has fallen (luxury brands aside) mostly because the middle class has been priced out of the new car market. Automakers want to sell fewer cars at higher prices and dealers want markups over MSRP. They don't want to carry inventory. They can blame the "chip shortage" but that is all BS now, they have been blaming that for 3 years now, it's getting old.

Being a car salesperson is the best job going now. Walk into any dealership - no one is doing anything in sales but figuring out what to order for lunch. But salaries are high because prices and ADMs are bleeding the customers.

Spiffx

My Porsche SA told me that last week “they let go” the SA that used to sit next to him. Didn’t go into specifics, but I can imagine less work meant they need less people. He was also complaining about not making money (which doesn’t necessarily means it’s true though). He was saying 911 and 718 allocations are still low, and the SUVs don’t make much money on profit for the dealer. He said commissions are based on profit, which makes sense.

jhenson29

Do you have a source for it being BS?

FYI, I’m still seeing 12+ month lead times on lots of industrial automation products due to chip shortages; so if you could pass along the message that it’s BS to them so I can get my parts, I’d appreciate it.