Consumer shift in demand. Why the 992.2 is better?
#76
LOL - nailed it. Unless you want a three pedal car, there won't be a disappointment, they will still sell like hotcakes. Big deal, it has a new dash inside and some design elements changed outside....only a few will even notice and most want PDK anyways.
Your average new car Porsche buyer cares more about stoplight launch times and spec times than the 100 lb added weight. I suspect once the cars start landing and are available for test drives, the accolades will roll in. Manual trans cars are a small percentage of sales anyways. The big thing about the Hybrid system is it may not be tunable aftermarket. Time will tell, would require some serious software coding.
There will always be us Traditionalists (like myself) who want a manual trans and analog tach and bemoan the loss of some of those features, but Porsche Marketing is not stupid. Nor is their Engineering Dept. THey have a way figured out to give that back to us in a "Special Edition of 1,000 units" that will cost $ 300,000 and sell out in a few days.....that's the Porsche way.
Your average new car Porsche buyer cares more about stoplight launch times and spec times than the 100 lb added weight. I suspect once the cars start landing and are available for test drives, the accolades will roll in. Manual trans cars are a small percentage of sales anyways. The big thing about the Hybrid system is it may not be tunable aftermarket. Time will tell, would require some serious software coding.
There will always be us Traditionalists (like myself) who want a manual trans and analog tach and bemoan the loss of some of those features, but Porsche Marketing is not stupid. Nor is their Engineering Dept. THey have a way figured out to give that back to us in a "Special Edition of 1,000 units" that will cost $ 300,000 and sell out in a few days.....that's the Porsche way.
#77
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Despite what social media may be telling you, the vast majority of 20-30 years old don't have new 911 money.
If you're a high comp'd W2 working in a field easily replaced by AI (software, cybersecurity, lawyers, accountants, marketing, etc), you might want to be careful with the amount of debt that you're taking on over the next 5 years or so, because the disruption has already started and it's going to hit young professionals the hardest. Paying for that 911 in cash? NBD. Financing the thing out the wazoo? Might not be so prudent.
If you're a high comp'd W2 working in a field easily replaced by AI (software, cybersecurity, lawyers, accountants, marketing, etc), you might want to be careful with the amount of debt that you're taking on over the next 5 years or so, because the disruption has already started and it's going to hit young professionals the hardest. Paying for that 911 in cash? NBD. Financing the thing out the wazoo? Might not be so prudent.
#78
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I think that a manual T is a strong possibility due to the lack of a Hybrid drivetrain -- Porsche can recycle their old 7 speed.
If I was placing my bet, the S is most likely to be the a 3L T-Hybrid car without a manual option.
The only way we're seeing a 992.2 Hybrid manual is if Porsche has a new manual transmission up their sleeve. Manuals hurt their CO2 fleet numbers. Limiting them to the T, GT cars, and specials makes a lot of sense from a compliance perspective. Anecdotally, most of the 992.1 Ts in the real world are PDK. I would love to see a new 6 speed hybrid, but I doubt that such a car is coming.
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#79
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Despite what social media may be telling you, the vast majority of 20-30 years old don't have new 911 money.
If you're a high comp'd W2 working in a field easily replaced by AI (software, cybersecurity, lawyers, accountants, marketing, etc), you might want to be careful with the amount of debt that you're taking on over the next 5 years or so, because the disruption has already started and it's going to hit young professionals the hardest. Paying for that 911 in cash? NBD. Financing the thing out the wazoo? Might not be so prudent.
If you're a high comp'd W2 working in a field easily replaced by AI (software, cybersecurity, lawyers, accountants, marketing, etc), you might want to be careful with the amount of debt that you're taking on over the next 5 years or so, because the disruption has already started and it's going to hit young professionals the hardest. Paying for that 911 in cash? NBD. Financing the thing out the wazoo? Might not be so prudent.
#80
#82
Thanks OP
Good thoughts and perspective. People love to say “you can’t out-engineer Porsche,” and if the last two decades have proved something, it’s that “you can’t out-market Porsche” either. Within the bounds of new regs and a global market, they know what they are doing 💯
#83
"I am not buying the new 992.2 because the tach is digital". Honestly, how ridiculous is that? Kinda like blowing a gasket over a push button start switch.
Last edited by Hunky; 06-11-2024 at 11:35 AM.
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#84
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I focus on demographics as an investor, so this elements of this topic are kind of interesting to parse. I can’t answer what is in Porsche’s head on how to take advantage of older gens (Boomers, Gen X, older millennials) while staying relevant to the far larger and more powerful Millenial, Z and Alpha gens coming up, but thought I’d look at raw numbers to see how they might think about it. Looking at US as I’m most familiar with US sources. Intuitively, I thought “of course there are younger people who have, or currently earn, large amounts of money and can afford Porsches” but the data is easily attainable to see that is FAR outside the norm. US BLS and consumer survey data shows this nicely (mixing 22-24 data a little here for expediency): Median US income for a 25-34 year old in the US is @ $56k. The 90th percentile average Household income ( TWO earners statistically) for under 35 is @ $122k. These are clearly not even macan or boxster numbers. However… Roughly 14% of the US is 25-35. That’s @45m people. The top 5% of this bracket (@2.3m people) is still just at @ $249k HH income though. Here it gets interesting: Top 1% is still 450,000 households at around $650k (note it’s twice that for 45-54, peak earning years). Porsche sold @ 11,000 911’s in 23. There are most definitely many, many more potential buyers of Porsches in the older brackets but there are clearly plenty of households in the sub 40 bracket that can pay for a 911. If you assumed just pro rata sales penetration (at 14% of 911 to this group) , then porsche would expect to sell about 1500 911 cars to 25-35, representing @ one to every 300 or so top 1% earners. Starts to seem possible - that would be .3% of the target market buying a 911. I don’t have data to figure out the likelihood of that, but I bet Porsche does! I couldn’t find good data on 992 GT car sales, I think around 600 GT3’s a year? So even smaller numbers needed to achieve sales. Maybe not interesting to anyone else, but I thought it worth sharing since I wanted to look at it regardless.
Lots of Gen Alphas are buying 200k sports cars because they have high net worth, not high income.
#85
On the other end, nobody would say one of these
"I am
"I am not buying the new 992.2 because the tach is still analog"
...so, keeping to the tradition would not hurt either but I guess comes down to shaving some cost and use common parts across platforms, I can accept that as being in the design and manufacturing business myself - just reality we all have to succumb too.
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#86
For me the 992.2 GTS is better because it offers superior performance with a more powerful engine, advanced driving dynamics, and cutting-edge technology hybrid technology providing a blend of luxury and sportiness! I just love it.
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#87
The 992.2 will be the pinacle of 911s whether the owners of previous generations are looking to upgrade or could afford to so. Nothing surprising at all there.
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#88
#89
#90
yeah, bit overreaction but rooted in nostalgia.
On the other end, nobody would say one of these
"I amnot buying the new 992.2 because the tach is digital" or
"I am not buying the new 992.2 because the tach is still analog"
...so, keeping to the tradition would not hurt either but I guess comes down to shaving some cost and use common parts across platforms, I can accept that as being in the design and manufacturing business myself - just reality we all have to succumb too.
On the other end, nobody would say one of these
"I am
"I am not buying the new 992.2 because the tach is still analog"
...so, keeping to the tradition would not hurt either but I guess comes down to shaving some cost and use common parts across platforms, I can accept that as being in the design and manufacturing business myself - just reality we all have to succumb too.
The analog tradition kinda left when it went from 5 analog to just the one for the tach. And I personally have not seen a 992 analog tach rotated like the 80s tach to have redline at 12. But the 992.2 digital tach has a config to have redline at 12, so in a way more old school if you wanna be a racer