Porsche November Sales
12-06-2008, 06:42 AM
#31
ah-that is the key. anyone with a trade in will get pounded by their dealer, so their savings on their gooddeals will be neutralized by their horrific trade in prices that they are getting-if you had a trade-in, that deal had to be done 2-3 months ago-it is too late now-these deals work for people without trades.
12-06-2008, 12:32 PM
#32
Burning Brakes
Lets lookk at the bright side....
Instead of trading in and buying a new car that will loose its vallue...its time to take a second look and buy a nice 83SC. It will take you from point A to point B
and its fun to drive. And you can still keep your 997 at no xtra charge!!!
abe
and its fun to drive. And you can still keep your 997 at no xtra charge!!!
abe
12-06-2008, 02:43 PM
#33
Drifting
"The current dollar strength...." What do you think all the european countries are doing? Just like us they are pumping their euros....it may be a wash in terms of who will be stronger..dollar vs euro. My point, we are going down...but so are they. And they are less flexible than we are with a much higher unemployment problem and entitlement programs. "The time to buy is now..." Well now, tomorrow, next year....If you have cash, I wouldn't rush. Just because there might less dealerships doesn't imply you are going to get screwed...the reason there will be less dealerships is because they are the ones screwed and you will have a buying opportunity in the next few years as they struggle and restructure. THIS IS NOT GOING TO END SOON...l
Americans don't have patience and they think all will be better tomorrow. Well, the last slowdown lasted from about 91-98 (at least in CA) as defense contractors were slashed by the Clinton administration and property went down the tubes because of no jobs. Most people think this time is even worse...its bigger, deeper, and nationwide and with a new administration who might like tax and spend....guess who they are going to tax. It wont stop at the $250k a year income...it will be all of us. That means less money for Porsche which means more discounts and ?bankrupcies.
Its going to get ugly....and if I were omnipotent I frankly don't know how I would fix this mess. I think you have to start by freeing up the credit crunch, but not give out loans to those who can't afford to pay. The next mess which I have no idea how its going to end is...who is going to pay for the trilllllliions of dollars of debt...and what if the companies the government is aiding go under? How about all these states who want bail outs while the spending politicians of those states like CA stay in office to spend more? How about the next wave of crisis with credit card debts...thats coming soon, and the next realstate crisis as some loans will be do for refi...but no home equity?
As a famous comedian once said "Olie, what a fine mess you go us into this time" (Laurel/Hardy)
Well, after all this talk...time to take my Prozac
abe
Americans don't have patience and they think all will be better tomorrow. Well, the last slowdown lasted from about 91-98 (at least in CA) as defense contractors were slashed by the Clinton administration and property went down the tubes because of no jobs. Most people think this time is even worse...its bigger, deeper, and nationwide and with a new administration who might like tax and spend....guess who they are going to tax. It wont stop at the $250k a year income...it will be all of us. That means less money for Porsche which means more discounts and ?bankrupcies.
Its going to get ugly....and if I were omnipotent I frankly don't know how I would fix this mess. I think you have to start by freeing up the credit crunch, but not give out loans to those who can't afford to pay. The next mess which I have no idea how its going to end is...who is going to pay for the trilllllliions of dollars of debt...and what if the companies the government is aiding go under? How about all these states who want bail outs while the spending politicians of those states like CA stay in office to spend more? How about the next wave of crisis with credit card debts...thats coming soon, and the next realstate crisis as some loans will be do for refi...but no home equity?
As a famous comedian once said "Olie, what a fine mess you go us into this time" (Laurel/Hardy)
Well, after all this talk...time to take my Prozac
abe
12-06-2008, 03:11 PM
#34
I received an e-mail from my Porsche Dealer a couple of weeks ago listing "once in a life time" discounts on alll '08 Porsches in stock. Of course I didn't pay much attention to the message because I knew that whatever discount I received on the '08 would be more than offset by what I'd be offered for my current Porsche.
As bad as the Nov sales were for car makers, I have to believe that December will be even worse. Unemployment rates are growing at alarming rates, and there just aren't that many people who feel secure in their jobs. 2009 could get really ugly. .
As bad as the Nov sales were for car makers, I have to believe that December will be even worse. Unemployment rates are growing at alarming rates, and there just aren't that many people who feel secure in their jobs. 2009 could get really ugly. .
12-06-2008, 03:53 PM
#35
Cap'n Insane the Engorged
Lifetime Rennlist
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Lifetime Rennlist
Member
Things actually seem to be picking up here this month.
We just took in an 06 997S w/2,500 miles on it was $87k+ new - selling for $68k.
We just took in an 06 997S w/2,500 miles on it was $87k+ new - selling for $68k.
12-06-2008, 04:01 PM
#36
Nordschleife Master
ah-that is the key. anyone with a trade in will get pounded by their dealer, so their savings on their gooddeals will be neutralized by their horrific trade in prices that they are getting-if you had a trade-in, that deal had to be done 2-3 months ago-it is too late now-these deals work for people without trades.
12-06-2008, 04:05 PM
#37
Nordschleife Master
"The current dollar strength...." What do you think all the european countries are doing? Just like us they are pumping their euros....it may be a wash in terms of who will be stronger..dollar vs euro. My point, we are going down...but so are they. And they are less flexible than we are with a much higher unemployment problem and entitlement programs. "The time to buy is now..." Well now, tomorrow, next year....If you have cash, I wouldn't rush. Just because there might less dealerships doesn't imply you are going to get screwed...the reason there will be less dealerships is because they are the ones screwed and you will have a buying opportunity in the next few years as they struggle and restructure. THIS IS NOT GOING TO END SOON...l
Americans don't have patience and they think all will be better tomorrow. Well, the last slowdown lasted from about 91-98 (at least in CA) as defense contractors were slashed by the Clinton administration and property went down the tubes because of no jobs. Most people think this time is even worse...its bigger, deeper, and nationwide and with a new administration who might like tax and spend....guess who they are going to tax. It wont stop at the $250k a year income...it will be all of us. That means less money for Porsche which means more discounts and ?bankrupcies.
Its going to get ugly....and if I were omnipotent I frankly don't know how I would fix this mess. I think you have to start by freeing up the credit crunch, but not give out loans to those who can't afford to pay. The next mess which I have no idea how its going to end is...who is going to pay for the trilllllliions of dollars of debt...and what if the companies the government is aiding go under? How about all these states who want bail outs while the spending politicians of those states like CA stay in office to spend more? How about the next wave of crisis with credit card debts...thats coming soon, and the next realstate crisis as some loans will be do for refi...but no home equity?
As a famous comedian once said "Olie, what a fine mess you go us into this time" (Laurel/Hardy)
Well, after all this talk...time to take my Prozac
abe
Americans don't have patience and they think all will be better tomorrow. Well, the last slowdown lasted from about 91-98 (at least in CA) as defense contractors were slashed by the Clinton administration and property went down the tubes because of no jobs. Most people think this time is even worse...its bigger, deeper, and nationwide and with a new administration who might like tax and spend....guess who they are going to tax. It wont stop at the $250k a year income...it will be all of us. That means less money for Porsche which means more discounts and ?bankrupcies.
Its going to get ugly....and if I were omnipotent I frankly don't know how I would fix this mess. I think you have to start by freeing up the credit crunch, but not give out loans to those who can't afford to pay. The next mess which I have no idea how its going to end is...who is going to pay for the trilllllliions of dollars of debt...and what if the companies the government is aiding go under? How about all these states who want bail outs while the spending politicians of those states like CA stay in office to spend more? How about the next wave of crisis with credit card debts...thats coming soon, and the next realstate crisis as some loans will be do for refi...but no home equity?
As a famous comedian once said "Olie, what a fine mess you go us into this time" (Laurel/Hardy)
Well, after all this talk...time to take my Prozac
abe
12-07-2008, 03:51 AM
#38
Agreed, the country that comes out of this first is going to be way ahead of the ball game.
Dave
12-07-2008, 01:26 PM
#39
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Rob- didn't ya hear? The sky is falling and the world is going to end. Just hand out the keys to the Porsche's. For free.
It's the 7th of the month and so far we have 4 Cayennes sold, 1 Cayman s and 1 911 cab.
December is going to be a better month then November. At least it will for the stronger dealerships. The other ones; not so much.
I agree on the first part of your statement, but the 2nd part is purely speculation.
How, exactly are you going to see prices plummet? How will that be achieved?
