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ADMs dropping

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Old 03-29-2023, 06:22 PM
  #811  
JCZ5
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Originally Posted by 991.1 Guy
Just got offered a "T" allocation for $10k ADM.
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...
Old 03-29-2023, 06:42 PM
  #812  
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Getting my Carrera T without ADM as my first new car.
Shout out to Carlsen Porsche!
Old 03-29-2023, 06:42 PM
  #813  
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ADMs dropping. Porsche stepping in to take their cut.
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Old 03-29-2023, 06:49 PM
  #814  
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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 :-)
Old 03-29-2023, 07:07 PM
  #815  
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I don't think the dealers care what happens to the MSRP - they will continue to ask for ADMs until people stop agreeing to them.
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Old 03-29-2023, 07:30 PM
  #816  
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Originally Posted by nyca
I don't think the dealers care what happens to the MSRP - they will continue to ask for ADMs until people stop agreeing to them.
I agree.

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.
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Old 03-29-2023, 07:56 PM
  #817  
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Originally Posted by r00t61
I agree.

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.
Correct, in a capitalist world, the manufacturer should adjust prices to balance supply and demand and extract the most profit from their product. In this case, Porsche should adjust prices upward until waitlists are balanced with supply (minus one of course - that’s always a great strategy).

Which is what they’re doing btw. This is the second large price increase.
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Old 03-29-2023, 08:27 PM
  #818  
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Countdown to first dealer discounts starts now
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Old 03-29-2023, 10:08 PM
  #819  
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Originally Posted by bwhale
Countdown to first dealer discounts starts now
I don't understand?

There are people waiting to buy at $15k, $10k, $5k, $2k, and $1k ADMS in select markets.
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Old 03-29-2023, 10:12 PM
  #820  
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Originally Posted by shrimp money
I don't understand?

There are people waiting to buy at $15k, $10k, $5k, $2k, and $1k ADMS in select markets.
Do you know the airline model? Porsche dealerships can do exactly the same.
Old 03-29-2023, 10:45 PM
  #821  
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Originally Posted by shrimp money
I don't understand?

There are people waiting to buy at $15k, $10k, $5k, $2k, and $1k ADMS in select markets.
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.

Last edited by bwhale; 03-29-2023 at 10:49 PM.
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Old 03-29-2023, 11:25 PM
  #822  
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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.
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Old 03-29-2023, 11:40 PM
  #823  
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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; 03-29-2023 at 11:42 PM.
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Old 03-30-2023, 12:16 AM
  #824  
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Originally Posted by bwhale
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.
yesterdays $15k ADM is now todays $15k adm. dealers aren’t going to budge with the price increase. They’ll tell you the $15k is now a lesser % of MSRP so they are doing you a favor!
Old 03-30-2023, 01:07 AM
  #825  
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Originally Posted by bwhale
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.
Right on the money here. No matter what people say, I don't get a good vibe from that finance person. They hiked these prices HARD this time. And that's with high rates too. Gutsy. I'm really eager to see how this all plays out.


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