Its projected that higher interest rates will last for a few more years. That should take out many of the speculators that drove the hysteria in Porsches, Rolexes and real estate. That means that waiting time for Porsche allocations will be reduced. Used car prices will also fall to more normal levels. This is only bad news for speculators and people that were barely able to afford the rising cost of new cars even with low rates. Meanwhile unemployment is less than 4% and so is inflation. Housing values are not cratering, just moderating to reflect the impact of higher loan rates on affordability. The S&P is projected to grow over 8% next year. Not sure what all the hand wringing is about.

 

Remember when the Porsche CFO was bragging about how he was going to raise prices in the middle of the year after he jacked them up at the beginning of the year? Didn't happen

Remember when you couldn't find a preowned 992, let alone beg for an allocation on a new one? Now there are over 1,000 992s listed on cars.com.

Remember when you could finance one at 3%? Now that rate has tripled.

The boom is dead, long live the boom.

 

It is pretty safe to say the resale market hit a peak and is on a downward trajectory right now.

There is still a wait for new cars, ADMs have come down and are gone on non GT cars in many markets so the new market peaked at some point as well. That doesn’t mean to say anyone can walk on and get 7% off a car just for asking or that that will happen anytime soon.

 

I'm of the belief that we're going to see another inflationary surge over the next couple years, for a variety of reasons. I think we've seen the peak of the market already, though.

 

"Get out while you can"
but also
"Keep your car if you love it"

So he made a video for speculators. Fair enough I guess

 

Stocks could go up, stocks could go down. Sit on the sidelines.

 

Yes, but there are 41 992 MTs out of that bunch. With 1139 for sale, that's less than 4% and of those 43, 2 are sub $130k with over 25k miles each and the are 4 more at $130-140k. 6 total 992 cars under $140k with a manual and don't forget that the MSRP for an S in 2020 or 2021 was about $115-118k before options. That's not much off MSRP at this stage.

 

I have nothing good to say about anyone who buys a sports car for street use and wants an automatic

 

Come at me bro,

 

My favorite of the whole video is when he says "this one here takes the biscuit!!"

lmao

 

Hahaha. Go,Shrimp.

 

In 2020 a C2S was $112k before options. Seems so cheap now doesn’t it.

 

I believe we'll see that price increase on the 992.2, along with more dealer ADM'S. Folks will always be willing to pay up for the latest and greatest new model. Human nature.
Used 992 market might take a hit, as to be expected when a new update version comes out.

 

And a 21 was $115k or so, around $130-145k typically optioned out. A '21 with 25k miles for $128k doesn't seem to be a big drop.

 

While ADMs will likely stick around for GT cars in some markets, they appear to be truly disappearing for Carreras.