Originally Posted by Doug H

there will still be guys out that will pay $$$s for those super rare, unicorn or time capsule cars.

Originally Posted by nochain19

https://jalopnik.com/many-car-dealer...ign=2020-03-20

here is a timely article from Jalopnik. I dont think it will be up to the dealers how close to cost they sell it.

for those that were around during GFC, it took a LONG time for the market for assets to catch up with stock market and reality. a ton of stuff (houses & cars) just sat forever until they were forced sales with people holding out for things to go back to where they were. we are only 2 weeks into CV....

Originally Posted by Radmd74

DH,

Here is the link. Ofc pricing is skewed due to our current world issues. But if you can look through that and say your thoughts on this GTS versus similar GTS car specw aerokit and what difference in price would you forecast? You're opinion ofc.

https://www.grandprimotors.com/used/...bd220f89b4.htm

Originally Posted by raidersfan

If I were a dealer today, I would try to get out of it what I could (hopefully cost), shut down for the time being, lay everyone off, and pay rent/overhead as best as I could while negotiating with note-holder/landlord for a discount. Retailers have a lot of leverage in this situation: I spoke with the head of acquisition for a Real Estate P/E firm and he told me they are cutting deals to keep businesses alive. Their lenders are working with them as well. 50% of something is a lot better than 100% of nothing, and nothing is what they get if they force someone out of business right now.

As a dealer, paying a discounted lease rate with little to no other overhead gives one a fighting chance. Keeping people on while holding onto expensive inventory and hoping this will all blow over is very risky. It might pay off, but the odds are long that it will, and if it doesn't, it puts a dealer a lot closer to bankruptcy. Plus, if I, as a lender, see that the dealer is liquidating all inventory just to go into hibernation and live to fight another day, I know they are not making money while crying poor.

In business, gains don't end you; losses do. Too many people become emotionally committed or fall victim to the sunk cost fallacy. If it isn't bringing anything to the table in terms of profit, loss-leadership, or future potential, re-adjust your strategy to minimize losses and re-allocate resources to more profitable enterprises. If there aren't any, then wait until things turn around. Whatever people paid for cars at some point in the past is irrelevant. What people will pay for them today and in the forsee-able future, and how this balances against the future costs of operating a business, are all that matter. It is no different than running a conglomerate: they get too large and the 80% of well-run divisions are pulled down by the 20% of non-performers. The company is too unwieldy to cut the dead weight and underperforms as a result.

Originally Posted by chekraze

I’d say this is dead on. If I could sell some stocks today for what I paid for them I’d do it in a heartbeat to live for another day and get back in when environment is more favorable.

Originally Posted by chekraze

I’d say this is dead on. If I could sell some stocks today for what I paid for them I’d do it in a heartbeat to live for another day and get back in when environment is more favorable.

Originally Posted by Doug H

The only thing about shuttering some of the smaller, high end and European Boutiques is that many of them are like families (personal side) and payroll expense when not selling cars is very minimal (economics side). The majority of costs are fixed and floor plan. Shutting the door down does not make those go away, so it is almost better to try and keep your "family" working and hope for some sales to cover fixed costs. That said, they are non-essential unless perhaps providing service or repair work so they are shut down anyway in many places. Seems like they could function from home for internet sales though.

Spoke to one of my close friends with a dealership Sunday. He sounded upbeat, but he is just that kind of guy. His stand-in mother fell last week and broke both of her wrists, his wedding in April just got cancelled and I know he is worried as are my close friends that work for them. I didn't ask his plan moving forward as none of my business if he didn't offer. Prayers for everyone as this shyte is real.

Originally Posted by superman22x

The question I ask myself when considering this is, "Would I buy them at the current price?" If the answer is absolutely no, then I should be selling them at the current price.

Originally Posted by Doug H

Not a 997, but check out this beauty. An absolutely gorgeous unicorn of a car.

You may disagree with Porsche Warrington pricing, but Sloan/Richard Sloan Motors has always had the unicorn, one off, premo stuff. Looks like Warraington is part of Richard Sloan or Sloan family.

https://www.porschewarrington.com/us...a3dbc7ea6f.htm

Originally Posted by tojo92

This seems like one of those too-good-to-be-true deals, but I thought I'd post it here anyway. Not mine but it seems like it's undervalued by quite a bit. It could be someone trying to panic sell it before things get bad, I just don't know. Proceed with caution but if you're looking, it might be worth a look. I personally would not sell my 2009 Carrera 2 base for this price and I've got over a hundred thousand miles on mine. I'm available to check it out if anyone finds out it's a real deal and they're interested from out of the area.

https://austin.craigslist.org/cto/d/...097972766.html

Originally Posted by Doug H

He is listing options that were not available on a 997.2 and that do not match the pictures. Nice professional dealer photos. Can you even get a 2009 up to $137k? Low mileage pristine, manual 997.2?C4S for $33k.