Is ADM corruption by Porsche NA?
#16
Racer
Join Date: May 2016
Location: Chicago, NYC, Zurich
Posts: 393
Likes: 0
Received 65 Likes
on
20 Posts
This marks the nadir of the value/price threads. Meanwhile, he supports his friend in the classifieds who's flipping his GT3 at $15K over.
Last edited by ChicagoWhale; 04-05-2018 at 02:25 PM. Reason: grammar
#17
Manufacturers SUGGESTED Retail Price.
As others have said, it would be corrupt (currently) to dictate what price a dealer must sell a car. Sure, dealerships in general are a shady thing to begin with (why can't you buy direct from the factory?), but such is life. If I was a dealer, and people are willing to pay $30K ADM, you bet I'm that's how much I'm going to charge. I can sell it for MSRP now, or I can wait a month and make $30K. Guess what I'm going to do. Same with flipping cars. Everyone hates them, until you have a car worth double/triple. Most people are going to end up selling.
If you want the car bad enough, you'll pay for it. I paid a ridiculous ADM, but in the end I'm happy that I got my dream car.
As others have said, it would be corrupt (currently) to dictate what price a dealer must sell a car. Sure, dealerships in general are a shady thing to begin with (why can't you buy direct from the factory?), but such is life. If I was a dealer, and people are willing to pay $30K ADM, you bet I'm that's how much I'm going to charge. I can sell it for MSRP now, or I can wait a month and make $30K. Guess what I'm going to do. Same with flipping cars. Everyone hates them, until you have a car worth double/triple. Most people are going to end up selling.
If you want the car bad enough, you'll pay for it. I paid a ridiculous ADM, but in the end I'm happy that I got my dream car.
#18
Race Director
Originally Posted by ChicagoWhale
This marks the nadir of the value/price threads. Meanwhile, he supports his friend in the classifieds who's flipping his GT3 at $15K over.
#19
Rennlist Member
Her's a question for the OP:
Would you accept that you have to buy every car from any brand at msrp only?
Meaning you don't get charged ADM on the low volume/high demand cars, but you have to pay full sticker on a Silverado.
Because you can't have it both ways, and negotiate down when it suits you and call it corruption when the dealer does it through ADM
It's either let the market work itself out or pass a law that says everything is msrp.
Would you accept that you have to buy every car from any brand at msrp only?
Meaning you don't get charged ADM on the low volume/high demand cars, but you have to pay full sticker on a Silverado.
Because you can't have it both ways, and negotiate down when it suits you and call it corruption when the dealer does it through ADM
It's either let the market work itself out or pass a law that says everything is msrp.
#21
Rennlist Member
Thread Starter
Quite the opposite. Corruption and against the law would be dictating what price they can charge.
The S in MSRP stands for "suggested".
Well over 90% of all new cars are probably sold for under MSRP.
Don't like a dealer or brand? Walk away and spend your $$ elsewhere. What many are doing.
The S in MSRP stands for "suggested".
Well over 90% of all new cars are probably sold for under MSRP.
Don't like a dealer or brand? Walk away and spend your $$ elsewhere. What many are doing.
Perhaps Manipulation may be a more accurate term.
During my GT4 purchase/997.2 GT3 Trade-In, I had a verbal agreement for a 991.2 GT3 with SA/GM. I also promised my GT4 in trade back. Fast Forward, 3 GM/SA changes in under 2 years and nobody at the dealership was present at prior agreement. Reaching Out to new GM, I get put back on the list. Fast Forward a few months and One more GM change yields that I am off the list, no interest in GT4 Trade In.
I gave up and went out and got my allocation on the secondary market
I'll throw it back at you - are these cars being owned by drivers or for the financial aspect?
#22
During my GT4 purchase/997.2 GT3 Trade-In, I had a verbal agreement for a 991.2 GT3 with SA/GM. I also promised my GT4 in trade back. Fast Forward, 3 GM/SA changes in under 2 years and nobody at the dealership was present at prior agreement. Reaching Out to new GM, I get put back on the list. Fast Forward a few months and One more GM change yields that I am off the list, no interest in GT4 Trade In.
I gave up and went out and got my allocation on the secondary market.
I gave up and went out and got my allocation on the secondary market.
#23
USA=free market economy (for the most part)
If I was a dealer, I would maximize my profits. Like any business, there can be only so much goodwill. Who do you think is paying for most of the multi-million dollar upgrades/rennovations/new construction in regards to Porsche dealerships accross the country?
If I was a dealer, I would maximize my profits. Like any business, there can be only so much goodwill. Who do you think is paying for most of the multi-million dollar upgrades/rennovations/new construction in regards to Porsche dealerships accross the country?
#24
Rennlist Member
Thread Starter
Bottom line, who needs a dealer that does not reciprocate and honor their word? No sour grapes, pure numbers in business. I'll have 3 GT cars in one garage and they missed out on 3 future trade ins. Not my fail... !
#25
If you buy the car on the secondary market, i.e. used, you don't get to spec it the way you want it. You have to take it how its configured; with a give and take on colors and options. And if your idea of secondary market is buying through a broker then you are most likely paying ADM and with your posted statement you are trying to convince others that its used in order to avoid your State's salestax.
#26
Rennlist Member
Thread Starter
BS
If you buy the car on the secondary market, i.e. used, you don't get to spec it the way you want it. You have to take it how its configured; with a give and take on colors and options. And if your idea of secondary market is buying through a broker then you are most likely paying ADM and with your posted statement you are trying to convince others that its used in order to avoid your State's salestax.
If you buy the car on the secondary market, i.e. used, you don't get to spec it the way you want it. You have to take it how its configured; with a give and take on colors and options. And if your idea of secondary market is buying through a broker then you are most likely paying ADM and with your posted statement you are trying to convince others that its used in order to avoid your State's salestax.
While I do feel manipulated by the ADM, I still pay a bit of it
As my accountant says, "it is not how much money you make, but how much you keep"
#27
Rennlist Member
Don’t believe Ferrari dealers are allowed to charge ADM. if they do, they lose allocations. However, dealers make up for it in different ways.
#28
Like saying you have to buy two to three other f cars before you can buy the one you want.
#29
Rennlist Member
Thread Starter
Bottom line: Dealer makes profit twice (at least), Dealer gets inventory increase and Good Customers are ingratiated and have the latest car flipped for no loss
#30
Rennlist Member
Or, states could change their laws allowing direct manufacturer sales to customers, something Tesla has struggled with. Whether or not you believe manufacturers would be better/more honest than dealers, the current legal status is a type example of crony capitalism.