abe

If you think we are in troubble....take a look at Greece, Iceland, Spain...all so heavily in debt they can't pay their loans. There is even talk about kicking the Greeks out! Not much coverage in this country but the dollar is in a 10 month high against the euro! Our economy is crappy..in many (not all) european countries they are far worse. If they want to survive they are going to have to lower their prices...or else you can see massive european unemployment.
I hate the American media...they do not do a good job covering the woes of the EU.
Maybe the price of P cars will drop next year. as the euro slides...okay just wishing.
abe

PHX 911

Not just the euro.
My business buys japanese products, and the 92 yen/dollar bites, as the business model is based on the yen at 105. It's not moving much, so it doesn't do any good to buy futures as a hedge.
$ is weak everywhere.
Concerning unemployment, most if not all European countries would be tickled to have <10%.

brendo

when will porsche lower their price...that's funny.

i saw a quote the other day in the WSJ that, when describing the huge debt and socialist agenda in Spain, said that the spanish "think like Cubans and live like Yankees."

yemenmocha

I assume the OP is being funny or sarcastic.

Porsche is selling to us at current prices at a substantial DISadvantage. Given the exchange rate what it is now (Euro still MUCH stronger), and the price Porsche commands in other markets, the U.S. is the cheapest place to buy a Porsche, hands down. I'm surprised they haven't raised prices here even more.

Given exchange rates, do you know the price of your 911 if purchased in Germany with Euros? In Asia? It's insane compared to here where it is within reach of an upper middle class family.

911FM

+1.

FM

Edgy01

Abe--as a Porsche customer for over 5 decades I used to watch the DM to Dollar exchange rate religiously. As you have heard already, Porsche gives the US market a significant break in the prices of these cars. Even without the Mehrwertsteuer, you will pay significantly more for a 911 in the EU. Only TWICE in all my years of watching has Porsche ever DROPPED prices on a subsequent model. (1975, and 1995). Today: roughly US$1.36 to a EURO

nyca

Well, the EU as a whole has a better debt to GDP ratio then the US (on its current 1T+ yearly deficit track). But you are correct, the "sick men" of the EU are in bad shape - Greece, Spain, Italy - so the euro is taking a hit because of the fears of some kind of default in one of those countries, and Germany's hard line against bailing them out.

I doubt you will see MSRP reductions - but you might see more room for sales incentive cash to dealers.

russo

The problems that the Europeans are having are similar to what's happening to California. The Germans and the French will bail them out.

jcnesq

The Germans and the French are going to bail us out here in Kalifornia?

KeninBlaine

Don't laugh, it isn't beyond the realm of possibility. Greece provides a glimpse of what we can expect soon in Kolifornia, and perhaps the whole country, unless we address our deficits and shortfalls soon. One of these days we'll be staring into the same abyss because of our state of denial and our outdated view that we are the best and we will always come out on top. England once dominated much of the world too. Now look at it.

Bottom line, despite the current pressure on the Euro, the greenback will face huge challenges soon too given the rate we're printing it. And that won't help lower the cost (in dollars) of Porsches.

Fahrer

Greece is only 2.5% of the EU. The problems with California, Michigan, Ohio, Florida are far, far worse, relativley speaking than the problems with Italy, Greece, Spain and Ireland. They have a strong and healthy Germany to bail them out. We have a much bigger problem in the US on the national and state levels. And when the US decides to inflate its way of its situation, Porsche will need to seriously raise prices in the US.

Prices in the US are still very low compared to the rest of the world. We should be happy they are still selling these cars here.

Trader220

BINGO

Look at the allocations to the US this year, way way down from last year. Dont forget how China is sucking up more and more and more porduction and they sell for a LOT more there.

Porsche DID NOT like having to go cash back on 911's in 2009. Funny I was on the Porsche Dealers PPN system to locate a black / black C2S with manual, I did a 4 state search, PA, NJ, NY and MD. I figured there would be a pretty good selection in that color for my client. The search turned up 6 cars, thats a pretty tight inventory.

russo

Sorry, I meant that the Germans will bail out the Greeks.

CarGuy21

Add Illinois to your list, too. The state has over $100 BILLION in debt and Quinn wants to raise taxes. Like all political entities they don't know how to tighten their belts and eliminate waste, graft, corruption, etc.

Dave07997S

California on it's own has a similar GDP to that of Spain..we are in deep trouble here. Los Angeles County could go bankrupt this July I read.

Dave