Porsche sales plummet
01-30-2009, 11:51 AM
#1
Porsche sales plummet
Link to the short video..
http://money.cnn.com/video/#/video/n...13009.cnnmoney
highlight are "sales for past 6 months fell by $3.9B. First time since 1993 Porsche has posted a revenue loss for the entire year"
I did my part and bought an '09. Apparently the rest of you slackers aren't doing enough.
http://money.cnn.com/video/#/video/n...13009.cnnmoney
highlight are "sales for past 6 months fell by $3.9B. First time since 1993 Porsche has posted a revenue loss for the entire year"
I did my part and bought an '09. Apparently the rest of you slackers aren't doing enough.
01-30-2009, 12:12 PM
#2
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Link to the short video..
http://money.cnn.com/video/#/video/n...13009.cnnmoney
highlight are "sales for past 6 months fell by $3.9B. First time since 1993 Porsche has posted a revenue loss for the entire year"
I did my part and bought an '09. Apparently the rest of you slackers aren't doing enough.
http://money.cnn.com/video/#/video/n...13009.cnnmoney
highlight are "sales for past 6 months fell by $3.9B. First time since 1993 Porsche has posted a revenue loss for the entire year"
I did my part and bought an '09. Apparently the rest of you slackers aren't doing enough.
01-30-2009, 01:50 PM
#5
Rennlist Member
It's gonna be a tough year (or more) for everybody...Porsche included.
The more economic bad news people read, the more they tighten up the purse-strings.
It's a self-fulfilling prophecy. I would NOT want to be in the car business this year.
The more economic bad news people read, the more they tighten up the purse-strings.
It's a self-fulfilling prophecy. I would NOT want to be in the car business this year.
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01-30-2009, 04:07 PM
#8
Rennlist Member
01-30-2009, 09:28 PM
#11
Drifting
But this didn't stop them from raising prices.
They should offer low financing, and I mean LOW, since they can attract a pool of purchasers with good credit ratings who are "on the fence". What are they doing with all their hedged billions? Buying US treasuries with them that yield 1%? Loan it out to qualified buyers at 3% and sell more cars.
They should offer low financing, and I mean LOW, since they can attract a pool of purchasers with good credit ratings who are "on the fence". What are they doing with all their hedged billions? Buying US treasuries with them that yield 1%? Loan it out to qualified buyers at 3% and sell more cars.
01-31-2009, 12:21 AM
#12
Track Day
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Michael Russell
yes, I got to know Rick over the summer as we are both into Ducati's. I'm in CA but he got me an early build and they are enthusiasts up there, good to deal with. Great drive home as well...
yes, I got to know Rick over the summer as we are both into Ducati's. I'm in CA but he got me an early build and they are enthusiasts up there, good to deal with. Great drive home as well...
01-31-2009, 01:06 AM
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Don't worry once the stim package gets passed the press will go full bore into "happy days are here again" mode. It's all part of the grand plan to remake Obama-Christ in FDR's image MARK MY WORDS 
01-31-2009, 01:43 AM
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