MJones

Not so good....

jjl

these numbers are not good, as one would expect in this economic climate. both my wife and i work on Wall St., and to be honest, researching/buying Porsches seems pretty secondary right now, not that its' stopped me from surfing this board regularly...can't hurt to live vicariously for the time being.

ryangambrill

Did anyone notice the YTD numbers?

Last year at this time there were more Turbo Coupes delivered than any other 911 variant. 2600+ Turbo Coupes vs. #2 Volume Carrera "S" @ 1400.

This year the Turbo Coupes are the most common variant. Over 1400 Delivered.

This cannot be good for residual values on these cars over the next 4-5-6 years.

ADias

I think that this year you mean Turbo cabs not coupes.

I think that that is due to the fact that last year was the second year of the 997TT availability and this year is the 1st year of the 997TTCab availability.

As far as depreciation... my analysis shows that Carreras (I have not followed Turbos) depreciate at an average rate of $7k/year over the first 10 years. From now on it may be worse.

Edit: obvious typo - 7k

GSIRM3

Sweet. Only $7/yr depreciation.

richc

Yep, I traded in my '07 and '08 and it only cost me $14 to drive both of them for just under a year. I tell you, these cars are better than gold for investments.

Coochas

Wow. Yes, the economy is in the toilet.
Interesting to see those numbers,...thanks for posting Brian.

Likemystoppie?

I've been spending sometime on the internal PCNASOURCE forum; its amazing to me some of the other sales peoples reactions.

We're definately in a state of 'change'..........that's fer sure.

ryangambrill

Chris-

Mind expounding a bit more? What is the word on the street?

-Ryan

Leader

Holy crap!
Hummer sold more cars in November than Porsche did.
There's no way that makes any sense.

nyca

At what point do dealers stop ordering cars for stock, and only place factory orders for firm buys?

jcnesq

Big sales drops, though not surprising in this economy.

While completely unscientific, I have always considered depreciation on a NA 911 to be more like $10K/year.

996FourEss

Ryangambrill, great observation, truly staggering amount of turbos being sold in the past which have dropped off quite markedly. In the old days, rule of thumb was that a turbo was worth 3x the profitability to Porsche vs a 911, so this points to a dramatic fall off in corporate profitability. Positive is at least that the Company is nimble and better equipped to whether a downturn versus the late 80s/early 90s when it almost went belly up.

996FourEss

Chris,

What is the word on the street. Heard froma colleague with a Cayenne S that a certain dealership in Jersey has 10% off all models posted in the dealer window. Agree that now is a time for restraint but there is a level at which even those more conservative among us could be enticed into the market. Know it is a lsightly difficult question for you, but appreciate any (non-Cleveland specific perhaps) insight we could get.

Bob in NY

Not many will be buying new Turbos with their Wall Street bonuses this year. It will be a buyers market in a matter of weeks on any car.