'08 Allocations of GT3's and RS's Announced!
#77
Originally Posted by Nick
My view is Porsche is watching the market and NOT announcing in advance what it will produce with the RS. They will continue to sell it but without stated goals. I suspect they will monitor the US market closely and release cars as they deem suitable.
but Nick I don't know why you persist in characterizing 911's having steep depreciation... a 2-year-old base 997 with 15K miles sells for $55K with modest options, 73% of it's original msrp of $75K. residuals if you look it up are on par with MB,Audi,BMW. Understandably those rose colored F-goggles may have clouded your analysis.
#78
I'd like to see a chart of the depreciation for a 2007 Porsche vs. 2007 Ferrari:
at one year, each with 8k miles
at two years, each with 15k miles
at three years, each with 20k miles
etc....
at one year, each with 8k miles
at two years, each with 15k miles
at three years, each with 20k miles
etc....
#79
Rennlist Member
Originally Posted by Paul523
I gotta agree with you on this.
but Nick I don't know why you persist in characterizing 911's having steep depreciation... a 2-year-old base 997 with 15K miles sells for $55K with modest options, 73% of it's original msrp of $75K. residuals if you look it up are on par with MB,Audi,BMW. Understandably those rose colored F-goggles may have clouded your analysis.
but Nick I don't know why you persist in characterizing 911's having steep depreciation... a 2-year-old base 997 with 15K miles sells for $55K with modest options, 73% of it's original msrp of $75K. residuals if you look it up are on par with MB,Audi,BMW. Understandably those rose colored F-goggles may have clouded your analysis.
http://www.6speedonline.com/forums/s...ad.php?t=82263
Also, 27% depreciation on a two year presumeably high end low volume sport car is steep. I do agree that the depreciation is on par with MB, Audi and BMW but they produce a hell of a lot more cars. Porsche's shouldn't be on par.
I also agree that my view is warped because of my experience with Ferrari. My experience with Porsche regarding resale has been abysmal. With all my Ferrari's, I have put a ton of miles on them and resold them for at least what I paid. My 2006 430 Spider, which I took delivery in Dec. 2005, now has 9000 miles. I have no doubt that when the replacement is introduced, hopefully next year, I will resell for at least what I paid for it if not more.
Now that is the way to enjoy sport car driving.
Last edited by Nick; 06-05-2007 at 04:48 PM.
#80
Originally Posted by Max Power
I'd like to see a chart of the depreciation for a 2007 Porsche vs. 2007 Ferrari:
at one year, each with 8k miles
at two years, each with 15k miles
at three years, each with 20k miles
etc....
at one year, each with 8k miles
at two years, each with 15k miles
at three years, each with 20k miles
etc....
Nick sounds like an exception to this.
#81
Rennlist Member
Porsche sells ~20,000 sports cars in the US annually.
Ferrari sells ~1,500 sports cars in the US annually.
Comapring the two is apples to oranges.
Ferrari sells ~1,500 sports cars in the US annually.
Comapring the two is apples to oranges.
#82
I have to give my props to Nick. The last porsche I sold (less than 8K miles) I took a bath in (embarressed to say how much)...and all the Ferrari guys I know are sitting pretty. That said, I would take Porsche common shares all day long as that company is a money making machine.
But, as the famous developer Mr. Zeckendorf said, better to be alive at 18% than dead at 7%...or something like that.
But, as the famous developer Mr. Zeckendorf said, better to be alive at 18% than dead at 7%...or something like that.
#83
Rennlist Member
Originally Posted by Max Power
I'd like to see a chart of the depreciation for a 2007 Porsche vs. 2007 Ferrari:
at one year, each with 8k miles
at two years, each with 15k miles
at three years, each with 20k miles
etc....
at one year, each with 8k miles
at two years, each with 15k miles
at three years, each with 20k miles
etc....
#84
Originally Posted by Jon70
The problem with that graph would be the sample size for the Ferraris with that many miles. I don't know anyone who has driven theirs that much in such a short period. I think you'd struggle to find many 3 yr old Ferraris with more than 10K miles.
Nick sounds like an exception to this.
Nick sounds like an exception to this.
#85
Rennlist Member
Just heard from my dealer. They are getting 2 GT3s and 1 RS for '08. I'll find out tomorrow whether or not th RS is mine There is one guy in front of me for the RS, but the dealer wants the car to go to someone who's going to use it! So they want you to sign something saying you will keep the car for at least a year (no flipping!!!) So hopefully the guy in front of me was planning on doing that. BTW it's a July build!!
#87
GT3 player par excellence
Lifetime Rennlist
Member
Lifetime Rennlist
Member
Originally Posted by Likemystoppie?
I have a fax from PCNA stating that only 105 GT3's will be allocated for the US market-not sure about Canada'eh.
you got a PCNA fax with regard to RS?
#88
Three Wheelin'
Originally Posted by mooty
i guess that settles it.
you got a PCNA fax with regard to RS?
you got a PCNA fax with regard to RS?
that number and the 120 for total GT3's quoted to my dealer may imply that only 15 more RS's are coming? that would really suck.....he was sure of that total number but was not sure what the base GT3/RS split would be...
#89
Burning Brakes
Join Date: Nov 2006
Location: Toronto, Ontario, Canada...
Posts: 1,249
Likes: 0
Received 0 Likes
on
0 Posts
Originally Posted by leif997
that number and the 120 for total GT3's quoted to my dealer may imply that only 15 more RS's are coming? that would really suck.....he was sure of that total number but was not sure what the base GT3/RS split would be...
#90
GT3 player par excellence
Lifetime Rennlist
Member
Lifetime Rennlist
Member
Originally Posted by leif997
that number and the 120 for total GT3's quoted to my dealer may imply that only 15 more RS's are coming? that would really suck.....he was sure of that total number but was not sure what the base GT3/RS split would be...
maybe i should stop driving it, NOT.