ADMs dropping
Burning Brakes
Joined: Apr 2021
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From: Southern California
Three Wheelin'
Joined: Dec 2021
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Burning Brakes
Joined: Mar 2022
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From: Greater Houston Area, TX
Three Wheelin'
Joined: Dec 2021
Posts: 1,266
Likes: 1,023
Burning Brakes
Joined: Jan 2023
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From: Nashville, TN
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Burning Brakes
Joined: Mar 2022
Posts: 906
Likes: 886
From: Greater Houston Area, TX
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.
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.
Last edited by Spiffx; Mar 25, 2023 at 12:48 PM.
Drifting
Joined: Aug 2004
Posts: 3,423
Likes: 1,930
From: new york
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.
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.
Burning Brakes
Joined: Mar 2022
Posts: 906
Likes: 886
From: Greater Houston Area, TX
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.
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.
Rennlist Member
Joined: Jun 2021
Posts: 1,210
Likes: 1,591
From: St. Louis, MO
FYI, Im 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 its BS to them so I can get my parts, Id appreciate it.
