ADMs dropping
#1366
Last edited by vintage38; 07-15-2023 at 04:56 AM.
#1367
#1368
Rennlist Member
Just out of courtesy, how does a broker get an allocation that they can sell at MSRP? Did someone back out and sell MC motor cars the slot for a decent discount?
The following users liked this post:
Billy Bluejay (07-15-2023)
#1369
The following users liked this post:
Billy Bluejay (07-15-2023)
#1371
Car companies are very good at not giving consumer 100% of what they want. I would have paid TTS money for a heritage interior GTS with manual.
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johny221 (07-15-2023)
#1372
Instructor
Just got a call for an allocation after two years.
SA offered me a GTS at MSRP (SA said MSRP but obviously not) with Euro Delivery, says the dealer gets charged an additional 5k for ED and would have to pass that on to me on top of the ED configurator charge, first I've heard that one…
SA offered me a GTS at MSRP (SA said MSRP but obviously not) with Euro Delivery, says the dealer gets charged an additional 5k for ED and would have to pass that on to me on top of the ED configurator charge, first I've heard that one…
#1373
Burning Brakes
Posted this in another thread but interested what you all think here. Wondering if and to what extent a person who got a 23 with ADM is better off than someone who got a 24 with the same ADM? Or is it a wash because the 24 will have a higher resale value that is about the same as the MSRP increase.
My 2 cents:
While typically it’s true that an older model year depreciates more, I think when it comes to the ‘23 vs. ‘24 992, if they have the same mileage, they won’t be much different, certainly not the delta of the MSRP. For example, imagine in 2026 (when 992.2 is the latest model), a buyer looks at buying a certified 992.1 and has a choice of a 2023 with 10,000 miles or a 2024 with 10,000 miles. Assume, same options/spec. If the buyer is knowledgeable, they’ll know Porsche changed absolutely nothing for the 2024 model year. So except for potentially* 1 year extra of warranty, there’s nothing that’s different. Is it really reasonable for the buyer to pay $10k more to buy the 2024?!
*someone buying a late-cycle ‘23 will have almost the same warranty coverage as an early-cycle ‘24 buyer (this is true in my case as I expect to pick up my ‘23 this month).
My 2 cents:
While typically it’s true that an older model year depreciates more, I think when it comes to the ‘23 vs. ‘24 992, if they have the same mileage, they won’t be much different, certainly not the delta of the MSRP. For example, imagine in 2026 (when 992.2 is the latest model), a buyer looks at buying a certified 992.1 and has a choice of a 2023 with 10,000 miles or a 2024 with 10,000 miles. Assume, same options/spec. If the buyer is knowledgeable, they’ll know Porsche changed absolutely nothing for the 2024 model year. So except for potentially* 1 year extra of warranty, there’s nothing that’s different. Is it really reasonable for the buyer to pay $10k more to buy the 2024?!
*someone buying a late-cycle ‘23 will have almost the same warranty coverage as an early-cycle ‘24 buyer (this is true in my case as I expect to pick up my ‘23 this month).
#1374
Instructor
Posted this in another thread but interested what you all think here. Wondering if and to what extent a person who got a 23 with ADM is better off than someone who got a 24 with the same ADM? Or is it a wash because the 24 will have a higher resale value that is about the same as the MSRP increase.
My 2 cents:
While typically it’s true that an older model year depreciates more, I think when it comes to the ‘23 vs. ‘24 992, if they have the same mileage, they won’t be much different, certainly not the delta of the MSRP. For example, imagine in 2026 (when 992.2 is the latest model), a buyer looks at buying a certified 992.1 and has a choice of a 2023 with 10,000 miles or a 2024 with 10,000 miles. Assume, same options/spec. If the buyer is knowledgeable, they’ll know Porsche changed absolutely nothing for the 2024 model year. So except for potentially* 1 year extra of warranty, there’s nothing that’s different. Is it really reasonable for the buyer to pay $10k more to buy the 2024?!
*someone buying a late-cycle ‘23 will have almost the same warranty coverage as an early-cycle ‘24 buyer (this is true in my case as I expect to pick up my ‘23 this month).
My 2 cents:
While typically it’s true that an older model year depreciates more, I think when it comes to the ‘23 vs. ‘24 992, if they have the same mileage, they won’t be much different, certainly not the delta of the MSRP. For example, imagine in 2026 (when 992.2 is the latest model), a buyer looks at buying a certified 992.1 and has a choice of a 2023 with 10,000 miles or a 2024 with 10,000 miles. Assume, same options/spec. If the buyer is knowledgeable, they’ll know Porsche changed absolutely nothing for the 2024 model year. So except for potentially* 1 year extra of warranty, there’s nothing that’s different. Is it really reasonable for the buyer to pay $10k more to buy the 2024?!
*someone buying a late-cycle ‘23 will have almost the same warranty coverage as an early-cycle ‘24 buyer (this is true in my case as I expect to pick up my ‘23 this month).
Who knows if it will be the same on regular 992s but I don’t know why it would be any different. You’ll probably see the biggest price delta when the 992.2’s come out vs the years of 992.1’s.
But then again, people on bring a trailer seem to bid based off sticker price so who knows…
#1375
Question for the group -- how long do you think 911s, especially TTS, sit on a dealer lot if they are CPO'd? I'm seeing longer lot times lately and it's an interesting data point. For instance, one TTS I looked at today was taken in and serviced by the selling dealer in May yet still hasn't sold.
#1376
Racer
Question for the group -- how long do you think 911s, especially TTS, sit on a dealer lot if they are CPO'd? I'm seeing longer lot times lately and it's an interesting data point. For instance, one TTS I looked at today was taken in and serviced by the selling dealer in May yet still hasn't sold.
#1377
This sounds… fishy. Having lurked on RennList for years to read about ED, I’ve never come across this $5k charge to a dealer for ED. And, what the heck is an “ED configurator charge”? In my own discussion about a PTS Targa via ED, those fees have never come up. Maybe I’m just uneducated about these ED fees, so more information would be appreciated.
#1378
Rennlist Member
Your costs were not in vain. That's a valuable memory not many get to experience. Doesn't feel very ADM to me.
The following 2 users liked this post by Jeahbladejeah:
Billy Bluejay (07-17-2023),
TheGeneral (07-18-2023)
#1379
Rennlist Member
My own data point, just sold/pre-traded (for something in the future) my 23 4 GTS back to the dealer for MSRP (175,640). I’m sure they’ll get in the 190s for it.
#1380
Rennlist Member
Just curious...if you wanna divulge...is it something set or just collecting a chip from the dealer? That may be something I'd be interested in considering.