New Porsche pricing...
09-17-2014, 11:38 PM
#46
Rennlist Member
Put your cash into hard things...like Porsches...because the other stuff, like bank accounts, will never keep up as Washington directs the Fed to continue printing money. Washington is also manipulating the gold market so you can't even go there to hedge your hard earned dollars. I hate to turn this into a political discussion, but sadly, that's all that's left.
Porsche has historically subsidized buyers in the USA with their lowered prices. Perhaps now we are starting to pay our fair share for these things.
Porsche has historically subsidized buyers in the USA with their lowered prices. Perhaps now we are starting to pay our fair share for these things.
09-17-2014, 11:57 PM
#47
I'm in the camp where I'd rather see the price of options go up versus the cost of the base car. It's a bit self serving but it works for me. I sort of made a rule for myself many years ago and decided any car with a MSRP over 100k I would only entertain buying used. When I say used I mean barely used and up to my standards, usually 4 year old cars with barely any miles and immaculate service histories. The reason it works for me? There is barely any price difference on used vehicles despite how loaded they may be. 20k options may translate to a 3-4k larger ask on a used vehicle. So by my own rule I'll never own a new Porsche even though I absolutely love the new car buying experience. Letting someone else eat the brunt of the depreciation and option cost satisfies the inherently thrifty CFO side of my brain 
09-18-2014, 12:28 AM
#48
Rennlist Member
Thread Starter
Edgy, while I agree the stupid Fed money printing is absolutely going to cause unforeseen consequences in the future (even today they said to continue their *accommodating strategy*), probably investing in a Porsche is not the best idea, UNLESS it's a 997.2 GT3 RS where their prices have gone through the roof!
09-18-2014, 08:48 AM
#49
Rennlist Member
That is why I never bought a new car in my life. Bought my 991s with 10000 miles for 86k in late 2013.
Now cheap and expensive is relative, the guy that bought a 993S in 1998 for 40k and enjoying the car for years, and let's say 50k miles, he can still sell the car for over what he bought. I would say that few cars have that potential, and it would have been cheaper than having 4 Acuras along the way.
As far as the Bose sound that was mentioned in the beginning of the thread the best way to judge the overprice from Porsche is to look at other manufacturer that offer the same option, how much is Acura charging for the top premium audio? 600 maybe, and Audi? I would guess that the 2000k upgrade cost is somewhat expensive.
But the most absurd option on the Porsche is the Sport Plus button, it is just a software switch to make the car more responsive, in a sports car that should be standard. Sport Plus should the base reaction of the car and you should have an Economy button, not the other way around, but hey, another way to make money.
Now cheap and expensive is relative, the guy that bought a 993S in 1998 for 40k and enjoying the car for years, and let's say 50k miles, he can still sell the car for over what he bought. I would say that few cars have that potential, and it would have been cheaper than having 4 Acuras along the way.
As far as the Bose sound that was mentioned in the beginning of the thread the best way to judge the overprice from Porsche is to look at other manufacturer that offer the same option, how much is Acura charging for the top premium audio? 600 maybe, and Audi? I would guess that the 2000k upgrade cost is somewhat expensive.
But the most absurd option on the Porsche is the Sport Plus button, it is just a software switch to make the car more responsive, in a sports car that should be standard. Sport Plus should the base reaction of the car and you should have an Economy button, not the other way around, but hey, another way to make money.
09-18-2014, 10:38 AM
#50
Drifting
09-18-2014, 01:22 PM
#51
I never recalled that "luxury items" alone could be used as a leading indicator to forecast a recession. But by looking at the purchase numbers for the 911 (997) in MYs 2008, 2009 & 2010, it was clear that the recession of 2008-10 was coming in MY 2008.
09-18-2014, 01:26 PM
#52
Race Car
All the money is in the options, they prey on your desire to one-up your neighbors and friends who also managed to score that new 911. Oh but yours has those 600 dollar yellow seatbelts....you're not just keeping up with them you're winning now - they know how superficial most people are and they exploit the **** out of you. Very smart.
I wouldn't be surprised if Porsche starts offering "electronic key fobs" with porsche crest as a new 760 dollar option.
I wouldn't be surprised if Porsche starts offering "electronic key fobs" with porsche crest as a new 760 dollar option.
09-18-2014, 02:22 PM
#53
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Porsche is very profitable and yes options are a great source of profitability. It's not just Porsche doing this. All the luxury brands are. Price out a BMW 3 series. It starts out in the $35k range and ends up in the $50K range with options most people want. Both Porsche and BMW ( I imagine Audi, MB, etc too) bundle options. You want one option, but you have to buy a bundle to get it. It's easier and cheaper to manufacture this way.
To say that these companies "prey" on people implies we are all victims. I disagree and say we all chose to buy a 997. New or Used, we still paid for those options one way or another.
In the chart above it shows that Porsche sold only 43% as many 997s in 2010 as they did n 2007. I remember talking to a Porsche sales rep in 2011 and he said they just weren't selling much. The economy hadn't recovered enough to spur those kinds of car sales. I don't know, but I would guess that they were willing to bargain a lot more in those down years than today.
It's basic economics. What the market will bear.
To say that these companies "prey" on people implies we are all victims. I disagree and say we all chose to buy a 997. New or Used, we still paid for those options one way or another.
In the chart above it shows that Porsche sold only 43% as many 997s in 2010 as they did n 2007. I remember talking to a Porsche sales rep in 2011 and he said they just weren't selling much. The economy hadn't recovered enough to spur those kinds of car sales. I don't know, but I would guess that they were willing to bargain a lot more in those down years than today.
It's basic economics. What the market will bear.
09-18-2014, 02:31 PM
#54
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Porsche is very profitable and yes options are a great source of profitability. It's not just Porsche doing this. All the luxury brands are. Price out a BMW 3 series. It starts out in the $35k range and ends up in the $50K range with options most people want. Both Porsche and BMW ( I imagine Audi, MB, etc too) bundle options. You want one option, but you have to buy a bundle to get it. It's easier and cheaper to manufacture this way.
To say that these companies "prey" on people implies we are all victims. I disagree and say we all chose to buy a 997. New or Used, we still paid for those options one way or another.
In the chart above it shows that Porsche sold only 43% as many 997s in 2010 as they did n 2007. I remember talking to a Porsche sales rep in 2011 and he said they just weren't selling much. The economy hadn't recovered enough to spur those kinds of car sales. I don't know, but I would guess that they were willing to bargain a lot more in those down years than today.
It's basic economics. What the market will bear.
To say that these companies "prey" on people implies we are all victims. I disagree and say we all chose to buy a 997. New or Used, we still paid for those options one way or another.
In the chart above it shows that Porsche sold only 43% as many 997s in 2010 as they did n 2007. I remember talking to a Porsche sales rep in 2011 and he said they just weren't selling much. The economy hadn't recovered enough to spur those kinds of car sales. I don't know, but I would guess that they were willing to bargain a lot more in those down years than today.
It's basic economics. What the market will bear.
The cars are much more expensive than they were, because these cars are a lot better than they were.
09-18-2014, 02:52 PM
#55
Race Car
Porsche is very profitable and yes options are a great source of profitability. It's not just Porsche doing this. All the luxury brands are. Price out a BMW 3 series. It starts out in the $35k range and ends up in the $50K range with options most people want. Both Porsche and BMW ( I imagine Audi, MB, etc too) bundle options. You want one option, but you have to buy a bundle to get it. It's easier and cheaper to manufacture this way.
To say that these companies "prey" on people implies we are all victims. I disagree and say we all chose to buy a 997. New or Used, we still paid for those options one way or another.
In the chart above it shows that Porsche sold only 43% as many 997s in 2010 as they did n 2007. I remember talking to a Porsche sales rep in 2011 and he said they just weren't selling much. The economy hadn't recovered enough to spur those kinds of car sales. I don't know, but I would guess that they were willing to bargain a lot more in those down years than today.
It's basic economics. What the market will bear.
To say that these companies "prey" on people implies we are all victims. I disagree and say we all chose to buy a 997. New or Used, we still paid for those options one way or another.
In the chart above it shows that Porsche sold only 43% as many 997s in 2010 as they did n 2007. I remember talking to a Porsche sales rep in 2011 and he said they just weren't selling much. The economy hadn't recovered enough to spur those kinds of car sales. I don't know, but I would guess that they were willing to bargain a lot more in those down years than today.
It's basic economics. What the market will bear.
09-18-2014, 03:00 PM
#56
You want one option, but you have to buy a bundle to get it. It's easier and cheaper to manufacture this way.
Even the Japanese who first looked to gain market share, before looking to sustain their business model with profitable vehicles are now 20 years into the luxury market. These companies are in the business to make money.
09-18-2014, 03:09 PM
#57
Burning Brakes
The Big Three have been using this strategy for decades. Bottom line: "if you want it; you pay for it". If not, you walk away and find another solution. Even the Japanese who first looked to gain market share, before looking to sustain their business model with profitable vehicles are now 20 years into the luxury market. These companies are in the business to make money.