Bad Timing to Sell?
04-12-2018, 07:39 PM
#46
Pro
Thread Starter
I get what you're saying and agree with you, I just don't think that's the majority of the population anymore.
I am an avid cyclist and have done quite a bit of racing as well, I help run a team for a friend's shop. The number of times I've had to send out emails reminding people we have sponsors and need to support them instead of buying things on Amazon has made me jaded. The truth is people are stretched more thin than they used to be so there will always be those guys who really want this new Continental racing tire but even with their shop discount it's $140 for the set and they can buy a pair online for $110. Hard to compete with that. You know those guys are going to come back to you when they need service and all you can do in the mean time is hope that people can still afford to shop at your place.
If I'm starting from scratch with a purchase I will research the hell out of what I want online and then buy from the cheapest vendor that still has positive reviews from other customers. I'll then subconsciously call that place "my shop" and continue making purchases there until they prove they don't deserve my business. I've done this countless times with different categories of purchases so basically my loyalty starts from getting the best value, not from getting some free hot dogs and a parking lot to stand around in and look at other customer's cars.
We're getting way off topic but it is an interesting discussion about how shopping habits have changed and how they relate to loyalty.
I am an avid cyclist and have done quite a bit of racing as well, I help run a team for a friend's shop. The number of times I've had to send out emails reminding people we have sponsors and need to support them instead of buying things on Amazon has made me jaded. The truth is people are stretched more thin than they used to be so there will always be those guys who really want this new Continental racing tire but even with their shop discount it's $140 for the set and they can buy a pair online for $110. Hard to compete with that. You know those guys are going to come back to you when they need service and all you can do in the mean time is hope that people can still afford to shop at your place.
If I'm starting from scratch with a purchase I will research the hell out of what I want online and then buy from the cheapest vendor that still has positive reviews from other customers. I'll then subconsciously call that place "my shop" and continue making purchases there until they prove they don't deserve my business. I've done this countless times with different categories of purchases so basically my loyalty starts from getting the best value, not from getting some free hot dogs and a parking lot to stand around in and look at other customer's cars.
We're getting way off topic but it is an interesting discussion about how shopping habits have changed and how they relate to loyalty.
04-12-2018, 07:39 PM
#47
Rennlist Member
Yes, and that is fine.
But think of this...
Think of the local specialist car repair shop. You know the guys, and they are good long term Porsche peeps. They offer you help when you have a question, and often spend hours on the phone helping guys just like you with suggestions or tips that benefit you, the local guy. They sell parts too, so when you need something you can call them. But... Instead you shop for he cheapest place and save a buck. In fact many call this local guy, get his valued information or tip, then they go & spend the money with an on-line guy (who again knows NOTHING) and the local wiz gets no gain. Who benefits from that? You for saving a buck?
Pretty soon the local guy will just close the doors & keep his tips & suggestions to himself. And then all you will have is the internet connection who cant tell you what oil is best for the M96 engine, cant tell you what torque wrench settings to go with, cant tell you a 991 from a C2T. But hey, you saved a buck right?
But think of this...
Think of the local specialist car repair shop. You know the guys, and they are good long term Porsche peeps. They offer you help when you have a question, and often spend hours on the phone helping guys just like you with suggestions or tips that benefit you, the local guy. They sell parts too, so when you need something you can call them. But... Instead you shop for he cheapest place and save a buck. In fact many call this local guy, get his valued information or tip, then they go & spend the money with an on-line guy (who again knows NOTHING) and the local wiz gets no gain. Who benefits from that? You for saving a buck?
Pretty soon the local guy will just close the doors & keep his tips & suggestions to himself. And then all you will have is the internet connection who cant tell you what oil is best for the M96 engine, cant tell you what torque wrench settings to go with, cant tell you a 991 from a C2T. But hey, you saved a buck right?
04-12-2018, 07:52 PM
#48
Pro
Thread Starter
Totally. We have the internet. I can get an answer to any technical question I have much faster on the internet than I can from anyone I have a relationship with in a shop. The other beautiful part about the internet is I can easily verify the answer's legitimacy. So my local mechanic charges me $120/hr and I justify his rate by knowing I can call him and he'll answer a question here and there? that doesn't fly anymore. I can get that answer online from a place like rennlist in the same amount of time and go to a place that charges $100/hr.
04-12-2018, 08:29 PM
#49
Rennlist Member
Totally. We have the internet. I can get an answer to any technical question I have much faster on the internet than I can from anyone I have a relationship with in a shop. The other beautiful part about the internet is I can easily verify the answer's legitimacy. So my local mechanic charges me $120/hr and I justify his rate by knowing I can call him and he'll answer a question here and there? that doesn't fly anymore. I can get that answer online from a place like rennlist in the same amount of time and go to a place that charges $100/hr.
04-12-2018, 10:01 PM
#50
Lifetime Rennlist
Member
Yup, you are all being very reasonable. I respect that.
But let it be known, the likes of Amazon or any other Internet ***** is not nearly as good as a real professional who can stake his reputation on helping you. No Internet expert will do the same. Looking up answers on the net does not compare to a true expert talking your language. What will you do when all that is left is a search engine? I can't wait to have the search engine show you how the proper tension on a feeler gauge should feel. That doesn't fly anymore? Yeah... Good luck with that.
But let it be known, the likes of Amazon or any other Internet ***** is not nearly as good as a real professional who can stake his reputation on helping you. No Internet expert will do the same. Looking up answers on the net does not compare to a true expert talking your language. What will you do when all that is left is a search engine? I can't wait to have the search engine show you how the proper tension on a feeler gauge should feel. That doesn't fly anymore? Yeah... Good luck with that.
04-12-2018, 10:55 PM
#51
I appreciate your comment, and contacted your dealership while looking for my GT4... I guess I was one of the low ballers. I used a GT4 I wanted to buy locally as a starting point price wise. It was an 110k MSRP car, they wanted 105k for. Unfortunately, I missed out on that deal. A sales guy at your dealership laughed at me when I said I was willing or pay for 5k under MSRP for a car you had. I ended up getting the right car for me at 5k under MSRP, just took a couple weeks.
04-13-2018, 04:35 AM
#52
Back on topic. I think the question is what could possibly cause the market to go up on the 981 GT4? In order for that to happen I think one of the following would have to occur: Porsche announces definitively there will be no 718 GT4; the 718 GT4 is PDK only; or the 718 GT4 is a 4 cyl turbo. I think all of those are pretty unlikely, which means that there is no where to go but down IMO for the 981 GT4. Now may not be a good time to sell, but it might be the best time to sell.
04-13-2018, 12:07 PM
#53
Rennlist Member
Back on topic. I think the question is what could possibly cause the market to go up on the 981 GT4? In order for that to happen I think one of the following would have to occur: Porsche announces definitively there will be no 718 GT4; the 718 GT4 is PDK only; or the 718 GT4 is a 4 cyl turbo. I think all of those are pretty unlikely, which means that there is no where to go but down IMO for the 981 GT4. Now may not be a good time to sell, but it might be the best time to sell.
Did you see the shake up at the top of company - could be changes coming
04-13-2018, 02:45 PM
#54
He will be in charge of the mass-market brands.... VW, SEAT, and Skoda along with digital services and vehicle software. Audi gets placed in its own separate "premium" division while high-end brands Porsche, Bentley, Bugatti and Lambo are put into a super-premium group. Their "Strategy 2025" involves adding 30 battery-powered vehicles by 2025. Diess sounds like he is gonna try and "streamline" the organization in an effort to be much more responsive to changes in the automobile customer landscape.... which includes offering temporary use of cars as a "service".
04-13-2018, 03:52 PM
#56
Three Wheelin'
If all the offers you have been getting in the last several months have been “low”, that is the market! Time to rethink prices if you want to move metal.
04-13-2018, 04:05 PM
#57
Pro
Thread Starter
Then you reassess the market and start paying less for cars or just not acquiring them, which is what this dealer seems to have done.
04-13-2018, 04:06 PM
#58
04-13-2018, 06:01 PM
#59
04-13-2018, 06:03 PM
#60
That's easy to say in hindsight but the reality is a dealer could easily be caught with inventory while going through a changing market. If the market has been 10% over MSRP for months and the dealer acquires three cars he expects to sell them at 10% over. If all of a sudden offers are coming in at MSRP then those potential buyers are deemed low ballers at the time. Only after some time would most people realize "oh ****, they weren't low balling, the market changed!".
Then you reassess the market and start paying less for cars or just not acquiring them, which is what this dealer seems to have done.
Then you reassess the market and start paying less for cars or just not acquiring them, which is what this dealer seems to have done.