evio

Patience. I told you I will call you back today after 10 eastern time.

blackland

https://www.zerohedge.com/economics/...peak-financial

I don’t think this really impacts high end cars so much, but I am in MIA this week and the FTX scam ruined a lot of Crypto Bros here and they say lots are full of GWagon’s and McLaren’s. I usually stop by Prestige Imports to see what they have that is interesting on their lot.

bboerit

I can beat that. I've been #1 for 17 months!

toph4242

I have a relationship with Westwood going back a few years and few cars at this point and was given my 992 T allocation at MSRP.
I know that Porsche Boston was considering MSRP on certain models, but I think for the most part they still have ADM

The problem for many people is that this has turned out to be a very efficient marketplace... Those dealers at MSRP have waitlists that make it impossible to know how long you will really wait... And those that have availability are charging the ADM... it seems those that have a relationship and have something worth trading (that the dealer wants) are having the best luck/shortest turnaround time...

nyca

The crypto bros were for sure heavy in the luxury and sports car market. But that phase of the takedown is over and it's recovered a bit since. Perhaps some additional relief from all the tech layoffs, but you would have to watch the California market specifically.

And its not just the high end car market. Go onto any of the car price sites (edmunds, carsdirect, etc), they are still showing ADMs for Hyundais even though inventories are on the lots. The dealers simply will not give up on this sales practice.

blackland

Supply and demand always work, I think eventually dealers will have to offer discounts to sell cars. Not sure if they can stay in business just providing maintenance services but they might be able to. Dealers have definitely reduced sales staff, which also explains the lack of call backs, but how long can they keep those people around if they are not selling any cars due to ADM and interest rates?

malba2366

Yes, because there is still the perception that there is a "car shortage". Dealers are trying to perpetuate this myth for as long as they can. I know of one family of car dealers that I drive by every day that barely has cars on their main lot, yet what used to be their overflow lot a couple miles away is packed full of new cars.

adrianp89

I have quite a few dealers within a few hour drive of me. About half were doing no ADM. Those without ADM required Porsche Financial and/or a protection package of some sort. Naples was only exception, no deposit required, no BS required.

Nein Eleven

There's a few factors in the near term that may prop up car prices in general: tax refund season and lack of lease returns from 2020. Impact to the 911 market may be minimal but it tough to predict anything in this market.

Sully819

I wonder if customers in Germany are seeing less, more or the same ADMs that we are seeing in the states. I would assume if demand is up, and supply is limited, there is money to be made. Anyone have any insight into that market?

KG18

Hoping to get a build slot for a 992 Targa 4 GTS for European Delivery. Any idea what current ADM rates are for these? Any dealer suggestions for low/no ADM near South Florida?

radelow

I think California and Florida are still seeing ADM's. At least that is what I am seeing... I am similar to you...trying to find a ED slot but its challenging. No ADM, at least at this point...but also hard to see where it goes. The car market is definitely softening but how hard is it going to hit the market for an extremely limited production car like the GTS... The question I am asking myself is here I am buying a $180k car. Am I really willing to wait for 1-2 years to MAYBE get a car at MSRP to save the $10-$20k.... Not sure I am anymore... I have been waiting a year+ as it is.

KG18

Agreed, I was hoping that the Targa 4 GTS on BaT last month that sold for $10k over would be a good benchmark for where these trade…

radelow

Hard to use those sales to indicate current prices but yes it is a good benchmark. Right now I have one offer at a ~$15k ADM for delivery in July/August on the table. However no ED available. I am not really sure I want to do that deal...ED is something I have been dreaming about for a very long time on this car (My mom got both her 911's ED when I was a kid and they were fond memories for me). Tough decisions.... at least we are in the position to make these decisions so we should be thankful for that!

JCZ5

What a cool Mom! That must been a helluva experience as a youngster driving through Europe. And multiple EDs at that!