Thinking about depreciation contributes nothing here. Just drive the cars! One think that separates the men from the boys,--is their obsession with depreciation! Get over it. Drive it like you're using your own body. Either use it up during your lifetime or leave a great looking corpse. But what's that get you?

 

Our marketing rep made a comment about it. I'm not stating it's a fact- I'm not PAG. Even if I was directly linked to PAG I still wouldn't put out the truth.

I'm going by allocation numbers for the entire North America as compared to the MY07.

And Oil companies reducing production/making it harder to obtain fuel to drive up the price??? Nawww NEVER heard of that before. Pleeease.

yah, that makes NO business sense at all.

 

There have been several articles in the German newspapers in the last month pointing to Porsche AG's move away from their dependence on the NA markets... the statement was made that Porsche was opening a new dealership each week - and none of them were in NA.

From the Detroit News:

New markets replace North America

...Morgan Stanley's Jonas has no such doubts, with sales being led by new markets which will replace traditional leading markets like North America.

"Porsche will be less and less dependent on the U.S. market which used to account for half of the revenues. Now the U.S. accounts for one third and by 2011, 2012 will account for one quarter of revenues. It is less and less dependent on the U.S. consumer with every month that goes by. Porsche is opening a new dealer every week and none in the U.S. It's Russia, China and India, even Mongolia," said Jonas.

"In 2006, we estimate Porsche sold more cars in the city of Newcastle (northeast England) than it did in India. Porsche opened up its first Indian dealer in New Delhi last year and will have five dealers up and running by the end of 2007. Similar expansions are taking place in China, Russia, the Middle East and Latin America," said Morgan Stanley.

Emerging market sales will double to 30 percent of the total by 2011, from nearly 15 percent now.

'Nuff said. Good for us!!!

-don

 

Could not agree more.Depreciation was never a factor in my decision to purchase a 911.

 

The only reasonable explanation for PAG to reduce type 997 allocations across the board by half would be to introduce a major mid-year model upgrade without destroying existing sales. Something has to be coming down the pipeline but it is too early (by several years) for the next 911, maybe DFI?

 

Read the post above yours. Supports why their going to import less cars. DFI will be released as a MY09 car per our NYC meeting this past monday.

 

Exactly. I bought my first car almost exactly 24 years ago, the same day on which coincidentally (?) I also had my first girlfriend. ALL of my cars since then - and all of my girlfriends - depreciated. In neither case, cars or girls, depreciation has ever been a reason for me to shy away from some driving action.

 

Chris: The oll companies just start guerilla NIMBY campaigns to keep them from opening new refineries so the pipe stays occluded. It's worked for the last 30yrs...

And, do any of you think Porsche gives a sh_t if some Hedge funder, Orthopod or Blackwater exec's car depreciates?! C'mon...

 

Not really, there is no way for Porsche to transfer 50% of 911 sales out of North America virtually overnight.

Did PCNA tell you the exact month in 2008 when they planned to introduce the 2nd generation type 997 (i.e. MY09)? Like say, March? I'm not aware of any regulations in North America covering the date of model year introductions and they did it with the Cayenne. So there is no reason they won't do it with the 911!

 

My wife was modified last year, maybe she slowed the depreciation curve for awhile...meanwhile, my knees have me sliding rapidly.

If suddenly our cars didn't depreciate, wouldn't that be a much larger problem for the car lover in us?

 

When my little bambino arrived last year, I sold my 2006 997C4S Cab last year for $91k to get a large SUV. This represented about 15% in depreciation for 13 months of ownership.

Of course, after a few weeks driving the Sequoia, I had the Porsche urge in a big way. In January, I bought a 2002 996TT X50 with 30k miles for 50k. So while I was hit with the depreciation, I also benefitted from it as well

 

It's not overnight. They've been working on this for months/years.

No, they didn't tell us what month to expect it;keep in mind this is PAG were talking about. They can/will/have change things at their discretion.

So far they're maintaining a Sept. 1st launch for the Turbo Cabriolet. We shall see if they stick to that.

I would hope that they care. If they didn't, why build a car that earned top ranks amongst J.D.Powers? Why not build it like a Kia, or the old Dae Woo?

Qualtiy is definatley and market share is def. a concern.

Look at MB. They've announced many times that their less interested in selling MORE cars then they did the year before, and are more concerned about selling BETTER cars. And it's working: J.D.Powers is announcing THREE MB products that top their charts.

http://www.forbes.com/feeds/prnewswi...NY_NYW137.html

 

That's my guess. Would explain the reduced allocations for all MY2008 997s, including the GT3.

While I don't doubt Porsche is attempting to penetrate emerging markets, and over time may be less dependent on the US market...but that doesn't mean they will reduce US supply (I don't see that happening unless there is a decrease in US demand due to our economy). They are increasing growth and production globally.

 

I think you have taken that post the wrong way.
Its sounds to me like the proportion will shift away from the US being the dominant market, not the total sales in the US will drop or be restricted.
The growth in the US must be small... at least compared to the other emerging markets. So over time India, China and who knows where else will become a larger and larger part of Porsche business. Nothing here says that they will sell less in the US
There are 5 dealerships within 50 miles of me. How many more could we ever really want ?

 

2002 996TT X50 with 30k miles for 50k???

can't believe it. smoking deal!