ADMs dropping
Pro
Joined: Jul 2019
Posts: 655
Likes: 378
Oh man, what are you going to do based on today's price increase? Seems like a wash if you're grandfathered into the old pricing structure, with the added benefit of getting the car sooner! Unless you were aiming for buckets or bose...
Rennlist Member
Joined: Mar 2022
Posts: 960
Likes: 998
From: TX/LA
Surprised JCZ5 was the first to mention the projected price increase. I would think it has to affect the ADM.
FWIW - that black Targa looks great ….. except for the godawful yellow warning lights :-)
FWIW - that black Targa looks great ….. except for the godawful yellow warning lights :-)
Pro
Joined: Mar 2005
Posts: 513
Likes: 246
Also, the fact that people are willing to pay ADMs, is a sign that your MSRP is wrong, and needs to go higher. If somebody should be making extra profit, it should be the manufacturer/OEM, not the dealer.
Burning Brakes
Joined: Mar 2022
Posts: 907
Likes: 894
From: Greater Houston Area, TX
Which is what they’re doing btw. This is the second large price increase.
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Burning Brakes
Joined: Mar 2022
Posts: 907
Likes: 894
From: Greater Houston Area, TX
Advanced
Joined: Feb 2023
Posts: 90
Likes: 123
From: S Florida
Also, how legit are these dealer lists? Very likely a lot of people wanted to buy a nice C2S for $130k in 2021 with 2% financing and got on a list. But in 2023, that car is now $150k with 8% financing and costs an extra $1k/month as the economy is in a nose dive with white-collar layoffs.
Either Porsche's finance guy is absolutely correct about brand demand being bulletproof and global wait lists don't flinch at the increase (in which case 992.2 C2S will be so obscenely expensive its not worth even guessing the price) or the last refuge of the everything bubble is about to meet reality.
Last edited by bwhale; Mar 29, 2023 at 10:49 PM.
Three Wheelin'
Joined: Jan 2021
Posts: 1,510
Likes: 1,501
From: behind the 8 ball
Alex, I’ll take “or” for $2000. Frankly i’ve lived long enough at this point to know when you see things like this thread, We already have 1 foot in the oh schit pool. Fasten your seatbelts.
Burning Brakes
Joined: Jun 2006
Posts: 1,185
Likes: 1,702
From: California
Economic downturns affect Kia buyers first, then Ford, then Toyota and GM. Porsche buyers are amongst the last to curb consumption in a downturn because they don't live paycheck to paycheck, by and large. The percent of my income consumed by transportation is relatively small.
Last edited by remington; Mar 29, 2023 at 11:42 PM.
Drifting
Joined: Sep 2018
Posts: 2,080
Likes: 1,604
Carrera MSRP went up $10k today. So....for the same price, yesterday's $15k ADM is today's $5k ADM. And yesterday's $5k ADM is today's $5k discount. Argue about dealer ability to pass-through price increase all you want, but its clear this market is, at best, only loosely trading on MSRP and quite often just trading at a clearing price.
Also, how legit are these dealer lists? Very likely a lot of people wanted to buy a nice C2S for $130k in 2021 with 2% financing and got on a list. But in 2023, that car is now $150k with 8% financing and costs an extra $1k/month as the economy is in a nose dive with white-collar layoffs.
Either Porsche's finance guy is absolutely correct about brand demand being bulletproof and global wait lists don't flinch at the increase (in which case 992.2 C2S will be so obscenely expensive its not worth even guessing the price) or the last refuge of the everything bubble is about to meet reality.
Also, how legit are these dealer lists? Very likely a lot of people wanted to buy a nice C2S for $130k in 2021 with 2% financing and got on a list. But in 2023, that car is now $150k with 8% financing and costs an extra $1k/month as the economy is in a nose dive with white-collar layoffs.
Either Porsche's finance guy is absolutely correct about brand demand being bulletproof and global wait lists don't flinch at the increase (in which case 992.2 C2S will be so obscenely expensive its not worth even guessing the price) or the last refuge of the everything bubble is about to meet reality.
Race Car
Joined: Jun 2018
Posts: 4,122
Likes: 1,771
From: Somewhere out East
Carrera MSRP went up $10k today. So....for the same price, yesterday's $15k ADM is today's $5k ADM. And yesterday's $5k ADM is today's $5k discount. Argue about dealer ability to pass-through price increase all you want, but its clear this market is, at best, only loosely trading on MSRP and quite often just trading at a clearing price.
Also, how legit are these dealer lists? Very likely a lot of people wanted to buy a nice C2S for $130k in 2021 with 2% financing and got on a list. But in 2023, that car is now $150k with 8% financing and costs an extra $1k/month as the economy is in a nose dive with white-collar layoffs.
Either Porsche's finance guy is absolutely correct about brand demand being bulletproof and global wait lists don't flinch at the increase (in which case 992.2 C2S will be so obscenely expensive its not worth even guessing the price) or the last refuge of the everything bubble is about to meet reality.
Also, how legit are these dealer lists? Very likely a lot of people wanted to buy a nice C2S for $130k in 2021 with 2% financing and got on a list. But in 2023, that car is now $150k with 8% financing and costs an extra $1k/month as the economy is in a nose dive with white-collar layoffs.
Either Porsche's finance guy is absolutely correct about brand demand being bulletproof and global wait lists don't flinch at the increase (in which case 992.2 C2S will be so obscenely expensive its not worth even guessing the price) or the last refuge of the everything bubble is about to meet reality.