Likemystoppie?

Fred, with all due respect. I think you're missing the point I made. And the point I made (scroll up) is EXACTLY the scenario that's taking place.

The used car has ZERO, ZIP- NADA to do with PAG, or PCNA. The cars are used, they have no control on those cars what so ever.

It's on the dealers; at the end of the day dealers can only 'write down' aka lower over all profit margins so much on the cars. Right now it's a staring contest between the market, inventories and buyers.

fast1

Dealers in my area go simply by the auction prices. That's the floor price, and if they intend to try to sell the car themselves, they may add a couple of percent to that floor price. Obviously, this is a horrible time to sell a car, and I just hope that there aren't too many Porsche owners who have to sell their cars to raise capital because they will take a serious beating. This is a period of great uncertainty, and virtually no one wants to make a significant outlay on a discretionary purchase.

On another financially related issue, I can't tell you how many of my "friends" laughed at me for paying cash for my Porsches. They would always preach to me about how much money I lost by not taking a loan and investing the $85K in the market. Well I'm not unhappy that I paid cash for my last Porsche purchase in May of 2007. I would be stuck with a 6.5% loan and an appproximate 45% loss in the market. Granted that the loss would eventually be recovered, but who knows how many years it would take. So it looks like I'll be keeping my Porsche for a long, long time.

BGA23

From my experience very few Porsches sell on eBay. And how do you know at what prices cars on Autotrader end up selling for?

Like others have said, if you see a car you like make an offer. Worst thing is they say no to you. But I'd have to agree now is probably a better time to be a buyer than a seller.

Likemystoppie?

Unless you either the a) buyer or b) the seller- NO ONE knows exactly what it's purchased for. You're dead on.

And +1 on the making an offer. If you trust the dealer and the deal is fair for you, go for it. otherwise walk. Simple really.

AngM018

Correct about purchasing a P-car off ebay. Most Dealers who use ebay, only use it as another form of marketing. Vehicles are then purchased through the store and not on ebay. After that they leave the ebay add up until it runs out. that way people will still call in, and they can switch them to another vehicle. Ot also prevents ebay from wondering why they ended early, and they didnt get their cut. I dont run my company like this, but when I have called other dealers for vehicles I find on ebay, this is what they have told me in the past.

I am also uncertain about this current market. I am uncertain how we have sold 5 Cayenne's already this week, when the economy is apparently not strong, and nobody wants an SUV. Its funny how things work out...

Soulteacher

Just a small comment, not intended to be criticism: Statements like the one above remind me that we have to be careful not to draw flawed conclusions. There will always be more used Porsche cars out there than buyers, because a used item market for a consumer mass product will never be in equilibrium, independent from economic conditions. That's inherent to free-market economies due to its players attempting self-interest maximization; it would actually be indicative of a bunch of retards to find a used car market in equilibrium. That, of course, does not change anything about the correctly observed shift of the price curve. But, hey, economic conditions come in cycles, we all knew that anyway.