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A dealer told me Porsche lowered their US profit margin this year to 10%, as opposed to previous years when it was higher...anyone confirm this?
Edit: I just went to Nadaguides - they have the markup at 15% (2 door Coupe) - that cannot be right.
Originally Posted by 19_hole
It is actually closer to 11.5%. The base C2 invoice on nadaguides.com is a bit on the low side.
The search button is your friend my friends. I've covered this in a previous post.
2008 profit margin was 12.5% (actually more like 12.75%)
2009 profit margin is 10% (actually more like 10.25%) base price to base price MSRP. Mark up on each option is different - from the factory.
For example, there's about a 15% markup on the PDK system; but each option is different; which effects the overall % of profit on each car.
But let's see a real comparision.
My 2008 911 C2 Coupe. *this doesn't include options* base price to base MSRP.
$ 73,500 msrp
$ 64,174 invoice
Vs.
2009 911 C2 Coupe
$ 75,600 msrp
$ 67,860 invoice.
Hope this adds clarity for you guys.
And FYI, additional $ comes from the marketing rep in that particular region AND it depends if the dealership is 100% compliant with Porsche's Image Standards. It's not standardized, as it would be like BMW or MB.
I also wonder if they have any kickbacks from the parent company so that even if they give it you at dealer invoice..they are still making a profit. I suppose only the big boys within the dealership know that and they are not going to share that info.
abe
I also wonder if they have any kickbacks from the parent company so that even if they give it you at dealer invoice..they are still making a profit. I suppose only the big boys within the dealership know that and they are not going to share that info.
abe
I am near certain they do. They must get money for units sold and not just the money made over invoice. I don't think Porsche has a holdback though.
A dealer here in Florida told me recently that there is in fact a holdback. But what he was calling holdback may not really be the traditional holdback that others have had for years...maybe something similiar though.
A dealer here in Florida told me recently that there is in fact a holdback. But what he was calling holdback may not really be the traditional holdback that others have had for years...maybe something similiar though.
he's using the term holdback so as to not confuse the issue. It's exactly as I described above.