Notices
992 2019-Present The Forum for the Non-Turbo 911
Sponsored by:
Sponsored by:

No more ADM‘s/ Prices lowering

Thread Tools
 
Search this Thread
 
Old Apr 6, 2024 | 08:49 PM
  #16  
alaris's Avatar
alaris
Racer
 
Joined: Feb 2008
Posts: 272
Likes: 186
Default

Originally Posted by F250to911
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.
a 20% MSRP hike would be absolutely unprecedented and is extremely unlikely.
Reply
Old Apr 6, 2024 | 09:50 PM
  #17  
Darkalley36's Avatar
Darkalley36
Racer
10 Year Member
 
Joined: Sep 2011
Posts: 327
Likes: 97
Default

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.
Reply
Old Apr 6, 2024 | 10:21 PM
  #18  
F250to911's Avatar
F250to911
Instructor
 
Joined: May 2020
Posts: 195
Likes: 115
Default

Originally Posted by alaris
a 20% MSRP hike would be absolutely unprecedented and is extremely unlikely.
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.
Reply
Old Apr 6, 2024 | 11:27 PM
  #19  
Zhao's Avatar
Zhao
Drifting
 
Joined: Oct 2020
Posts: 2,925
Likes: 2,259
From: Alberta/BC
Default

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.
Reply
Old Apr 7, 2024 | 12:12 AM
  #20  
nyca's Avatar
nyca
Drifting
20 Year Member
 
Joined: Aug 2004
Posts: 3,420
Likes: 1,922
From: new york
Default

That's happened across the entire economy, its not just Porsche. A good pizza in NY is $30+ now for a pie.
Reply
Old Apr 7, 2024 | 01:20 AM
  #21  
Diablo Dude's Avatar
Diablo Dude
Race Car
5 Year Member
 
Joined: Sep 2016
Posts: 4,675
Likes: 2,966
From: California
Default

I'm in California and just lol'd at this clown from the UK.
Reply
Old Apr 7, 2024 | 01:47 AM
  #22  
Darkalley36's Avatar
Darkalley36
Racer
10 Year Member
 
Joined: Sep 2011
Posts: 327
Likes: 97
Default

Originally Posted by Diablo Dude
I'm in California and just lol'd at this clown from the UK.
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…
Reply
Old Apr 7, 2024 | 04:07 AM
  #23  
Bluehighways's Avatar
Bluehighways
Rennlist Member
5 Year Member
 
Joined: Aug 2020
Posts: 3,417
Likes: 3,512
From: Orange County California
Default

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.
Reply
Old Apr 7, 2024 | 04:39 AM
  #24  
av12345's Avatar
av12345
Rennlist Member
 
Joined: Nov 2021
Posts: 463
Likes: 290
Default

Originally Posted by malba2366
This guy is in Britain, the market there has been different than the US as there have not been ADMs on new cars. Most of the US markets outside of California and Florida are ADM free on Carrera/Turbo models.
You are misinformed because there certainly are/were ADMs in the UK. That being said - it is a different market to the US and prices have seemed to fall faster there than in the US but that’s due to many reasons
Reply
Old Apr 7, 2024 | 04:54 AM
  #25  
GeorgeA's Avatar
GeorgeA
Instructor
 
Joined: Jul 2023
Posts: 101
Likes: 46
Default

Anyone can make a YouTube video claiming something with a clickbait title - doesn't make it the truth.
Reply
Old Apr 7, 2024 | 05:34 AM
  #26  
Zhao's Avatar
Zhao
Drifting
 
Joined: Oct 2020
Posts: 2,925
Likes: 2,259
From: Alberta/BC
Default

Originally Posted by Diablo Dude
I'm in California and just lol'd at this clown from the UK.
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.
Reply
Old Apr 7, 2024 | 08:38 AM
  #27  
Darkalley36's Avatar
Darkalley36
Racer
10 Year Member
 
Joined: Sep 2011
Posts: 327
Likes: 97
Default

Originally Posted by av12345
You are misinformed because there certainly are/were ADMs in the UK. That being said - it is a different market to the US and prices have seemed to fall faster there than in the US but that’s due to many reasons
Are you in London or another part of England? I’ve been going to Mayfair about every 8 weeks the last year and I also pop my head into the dealers on weekend for fun. For any car guys Mayfair is a spectacular place for car watching since nobody has a garage all of these exotics are on the street.

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?
Reply
Old Apr 7, 2024 | 08:50 AM
  #28  
Patton250's Avatar
Patton250
Thread Starter
Rennlist Member
 
Joined: Apr 2022
Posts: 1,214
Likes: 772
From: Tampa
Default

Originally Posted by Darkalley36
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.
Where do you live? I visited the Tampa dealership yesterday and they are crushing it still. The only thing that is slacking is their electric Taycans. They said they have tons of them on a lot and they are discounted up to 20%. The theory on that is for those few people that actually want them, they are waiting for the new version to come out. On absolutely everything else they can’t keep anything in stock. It sells the moment they get it. But that’s just Florida. The general sales manager (He’s English ) there told me that in England prices have dropped because apparently the economy in England is suffering right now. That kind of lines up with the video I posted at the beginning of this thread.
Reply
Old Apr 7, 2024 | 08:51 AM
  #29  
Patton250's Avatar
Patton250
Thread Starter
Rennlist Member
 
Joined: Apr 2022
Posts: 1,214
Likes: 772
From: Tampa
Default

Originally Posted by F250to911
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.
Interesting because that’s the exact percentage my local dealership gave me for the new 992.2.

Last edited by Patton250; Apr 7, 2024 at 09:11 AM.
Reply
Old Apr 7, 2024 | 08:57 AM
  #30  
Patton250's Avatar
Patton250
Thread Starter
Rennlist Member
 
Joined: Apr 2022
Posts: 1,214
Likes: 772
From: Tampa
Default

Originally Posted by GeorgeA
Anyone can make a YouTube video claiming something with a clickbait title - doesn't make it the truth.
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.
Reply



All times are GMT -3. The time now is 06:18 AM.