ADMs dropping
Drifting
Joined: Aug 2004
Posts: 3,423
Likes: 1,930
From: new york
Screw all Porsche dealers now, you guys are a bunch of wackos for Standing behind any handshake deal with these new used car type shenanigans the Porsche dealers are going to us for the last three years, get a backbone people. The same Dealer that you would make a handshake deal the next day would sell your car for five dollars more to somebody else.
Rennlist Member
Joined: Dec 2019
Posts: 789
Likes: 763
From: Daytona Beach, Florida USA
Just an update for anyone interested, met with my dealership to finalize paperwork for my T and they will not budge on the 15k markup I agreed to in order to secure my allocation back in November. Typical story, it's apparently still their only T allocation they have received and have a long list of people interested in the car with some evening offering to pay up to 25k over.
Meanwhile none of my demand orders at other dealerships have resulted in anything and I've had no luck finding another available allocation. I am thinking I will just stick to my original agreement, nothing interesting has come on the used market for a comparable price. Besides the markup itself the SA and business manager have both been very great to work with and not wasting my time or giving me the runaround trying to stick me with fees and extras on top of the originally agreed price and I'm getting the exact car I ordered, no compromise. Maybe I am part of the problem, but I'm not seeing much evidence that I'd be able to secure a different buildable allocation for substantially less at this point.
Meanwhile none of my demand orders at other dealerships have resulted in anything and I've had no luck finding another available allocation. I am thinking I will just stick to my original agreement, nothing interesting has come on the used market for a comparable price. Besides the markup itself the SA and business manager have both been very great to work with and not wasting my time or giving me the runaround trying to stick me with fees and extras on top of the originally agreed price and I'm getting the exact car I ordered, no compromise. Maybe I am part of the problem, but I'm not seeing much evidence that I'd be able to secure a different buildable allocation for substantially less at this point.
Race Car
Joined: Jun 2018
Posts: 4,119
Likes: 1,768
From: Somewhere out East
You'll get lots of na-sayers on here but my situation was exactly the same as yours for my new 911s, I agreed to the ADM, ordered my car just the way I wanted it and received it in four months time, ordered Oct 22' car came in Jan 23'. Great SA and business manager too. Every single time I go for a drive, the absolute last thing that comes to mind is that I paid a bit of ADM.....I plain and simply wanted to have my car now, not two years from now. So I too am part of the problem but I saw the list of folks waiting for a 911s allocation at my dealer and I just know if I did not proceed with my deal somebody else gladly would have taken my allocation. No regrets, Life is short, live for today.
Race Car
Joined: Jun 2018
Posts: 4,119
Likes: 1,768
From: Somewhere out East
Its not just Porsche, its all dealers and all makes, right down to Kia. I don't think the new car market will ever normalize because the manufacturers and dealers don't want it to. They will never expand supply (except for Tesla), the only other corrective action is massive demand destruction from a big recession.
Be careful out there. lmao
Rennlist Member
Joined: Apr 2020
Posts: 1,955
Likes: 2,020
From: Ohio
I got my targa at MSRP (I got mine after my 2020 992 C4S) - My Targa 4s is a 2022 - put an order in with my dealer once the targa was released/announced, and got it about 8 months later. I have bought several cars from them over the years, and have had about a dozen porsches over the last 20 years. Maybe that mattered. I did trade in my 2020 992 (20K over what I paid for it) - but that was not a stipulation of the deal. But with the tax credit it was well worth it, and I did not have to deal with selling it privately.
Last edited by Richard_Wallace; Mar 28, 2023 at 07:37 AM.
RL Community Team
Rennlist Member
Rennlist Member
Joined: Jan 2019
Posts: 6,075
Likes: 8,969
From: Doylestown, PA
I got my targa at MSRP (I got mine after my 2020 992 C4S) - My Targa 4s is a 2022 - put an order in with my dealer once the targa was released/announced, and got it about 8 months later. I have bought several cars from them over the years, and have had about a dozen porsches over the last 20 years. Maybe that mattered. I did trade in my 2020 992 (20K over what I paid for it) - but that was not a stipulation of the deal. But with the tax credit it was well worth it, and I did not have to deal with selling it privately.
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Burning Brakes
Joined: Mar 2022
Posts: 906
Likes: 886
From: Greater Houston Area, TX
I got my targa at MSRP (I got mine after my 2020 992 C4S) - My Targa 4s is a 2022 - put an order in with my dealer once the targa was released/announced, and got it about 8 months later. I have bought several cars from them over the years, and have had about a dozen porsches over the last 20 years. Maybe that mattered. I did trade in my 2020 992 (20K over what I paid for it) - but that was not a stipulation of the deal. But with the tax credit it was well worth it, and I did not have to deal with selling it privately.
Racer
Joined: Mar 2022
Posts: 355
Likes: 294
looking back I was dumb to not take it, as it was just about a year ago, when ADM was much higher.
whoops. Live and learn lol. I got the car I really wanted, and now I can still say I hate flippers 😆
Last edited by jjw285; Mar 29, 2023 at 10:45 AM.
Burning Brakes
Joined: Jun 2006
Posts: 1,124
Likes: 1,560
From: California
Its not just Porsche, its all dealers and all makes, right down to Kia. I don't think the new car market will ever normalize because the manufacturers and dealers don't want it to. They will never expand supply (except for Tesla), the only other corrective action is massive demand destruction from a big recession.
Drifting
Joined: Aug 2004
Posts: 3,423
Likes: 1,930
From: new york
That wasn't a classic recession - it was a government forced shutdown, both on the production side and the demand side, to basically "freeze" the economy during the lockdowns. The production side wasn't able to restart as fast as the demand side. The problem now is that producers want to keep the imbalance in place, because it gives them pricing power. And in autos, no one is going to invest to produce more ICE cars since the government is banning them by 2035, so why bother.
Burning Brakes
Joined: Apr 2021
Posts: 1,211
Likes: 494
From: Southern California
