No more ADM‘s/ Prices lowering
As long as Porsche keeps increasing the price on new 911s, then the used market will remain strong. In fact, if the 992.2 price increase is as much as some are hinting at (10 - 20%) higher next year then the Used market for low mileage late model Porsches will probably pop up a notch higher.
I bought a nearly new base 911 (sticker was $137k) w 3,000 miles and CPO for $134k 2 months ago. The dealer had it for sale for 4 months. When I was hunting for a car it was wild how prices were all over the place and how some dealers had cars on their lots for 6 months.
With car payment delinquencies at 30 year high banks are starting to tighten up lending standards… add high floor plan rates and the eco failure around the electric cars, the car business feels like the housing market in 2008…. Will be interesting to see how the year plays out.
With car payment delinquencies at 30 year high banks are starting to tighten up lending standards… add high floor plan rates and the eco failure around the electric cars, the car business feels like the housing market in 2008…. Will be interesting to see how the year plays out.
I agree. But my SA, who is pretty well connected, told me that due to the hybrid batteries, modifications to the transmission for hybrid, more complex electronics, and updated components for the 992.2 that 2025 992.2s could be up to 20% higher for certain models.
ADMs may be going away but MSRP has just compensated comparing today's prices to mid covid prices. Where I am base macans were like 60k, now they're 74k. A Cayman S was sub 80k, now it's 90k. I could have bought a 992-S speced how I wanted for 140k, now it's 143k for the starting point of the base model.
Pre covid a 991.2 GT3 was 160k, now a 992 is 230k.
Also factor in good sized discounts on 911s were the norm for a long time and cayman boxster discounts were extreme, especially if it was a GTS 2.5 which they had to basically give away. I'd say prices are far from going back to the 'norm' still.
Pre covid a 991.2 GT3 was 160k, now a 992 is 230k.
Also factor in good sized discounts on 911s were the norm for a long time and cayman boxster discounts were extreme, especially if it was a GTS 2.5 which they had to basically give away. I'd say prices are far from going back to the 'norm' still.
in the UK he’s not a clown. Prices in Europe have really collapsed for every premium brand. The question is if sales are falling in Europe and China will those cars come this way. At the higher end (Ferrari and Bentley) things certainly have softened over the last 4 months in the US.
I personally went w the 911 because the Macan GTS prices became stupid. I personally think the 911 will remain somewhat strong but there has to be a correction coming…
I personally went w the 911 because the Macan GTS prices became stupid. I personally think the 911 will remain somewhat strong but there has to be a correction coming…
That's certainly not the situation in the USA or Southern California in particular. ADM's are dropping, but they're still selling at over MSRP.
I'm sort of hoping that the new front radiator grilles on the 2025's will reduce demand sufficiently to bring things back into balance. Not that I personally would actually buy a 911 with the new 2025 front grilles.
I'm sort of hoping that the new front radiator grilles on the 2025's will reduce demand sufficiently to bring things back into balance. Not that I personally would actually buy a 911 with the new 2025 front grilles.
I dunno, if I was from a state that not long ago was charging 40k ADM's on Rav4's and PPFing a car costs 5x+ times what it costs in other places I probably wouldn't call anyone a clown because their data doesn't jive with what's going on around your home.
The UK has some crazy high loan defaults in the mortgage space right now which I’ve been told has trickled into the car market there (GT, RS, GTS, and Middle East money excluded- which certainly is a lot of the sports car market!).
What are you seeing at your dealer in the UK?
I bought a nearly new base 911 (sticker was $137k) w 3,000 miles and CPO for $134k 2 months ago. The dealer had it for sale for 4 months. When I was hunting for a car it was wild how prices were all over the place and how some dealers had cars on their lots for 6 months.
With car payment delinquencies at 30 year high banks are starting to tighten up lending standards… add high floor plan rates and the eco failure around the electric cars, the car business feels like the housing market in 2008…. Will be interesting to see how the year plays out.
With car payment delinquencies at 30 year high banks are starting to tighten up lending standards… add high floor plan rates and the eco failure around the electric cars, the car business feels like the housing market in 2008…. Will be interesting to see how the year plays out.
Last edited by Patton250; Apr 7, 2024 at 09:11 AM.
Well, the man did present evidence for his claims didn’t he? Quite a bit of evidence in fact. What has me intrigued is that everything he said that’s happening in England is just the opposite for Florida. It seems like some other members here from California say that prices are still obnoxiously high there as well.




