Porsche announces 4-8% price increase
05-03-2023, 04:08 PM
#16
Rennlist Member
i overheard two guys talking at a car show i was at this weekend and heard something i hope someone can verify or discount.
The guy said that there was more 991s sold than the entire air cooled 911 line up from 1964 to 1998 . I find that difficult to believe but you just never know .
That would be more 991s than 911,964, and 993 combined.
The guy said that there was more 991s sold than the entire air cooled 911 line up from 1964 to 1998 . I find that difficult to believe but you just never know .
That would be more 991s than 911,964, and 993 combined.
05-03-2023, 04:11 PM
#17
This is an additional price increase for 2024's on top of the last increase a few months ago. The US had a price increase at that time also.
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timothymoffat (05-07-2023),
westcoastj (05-05-2023)
05-04-2023, 09:25 AM
#19
Burning Brakes
2026 base carrera price... 300k 
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LastMezger (05-05-2023)
05-05-2023, 12:38 AM
#20
Drifting
Id like to see how many Turbo S sold in Canada for 992, anyone have that?
Edmonton is saying there is 25+ in the city alone, just Turbo S...
Denali diesel trucks are $116k now, we were paying 79k two years ago.
Peterbilt tandem dump trucks were $149k in 2016, they are $295k now... Insane.
Sure looks like a lot of equipment and new vehicles are sitting at the lots now... Interesting times.
Edmonton is saying there is 25+ in the city alone, just Turbo S...
Denali diesel trucks are $116k now, we were paying 79k two years ago.
Peterbilt tandem dump trucks were $149k in 2016, they are $295k now... Insane.
Sure looks like a lot of equipment and new vehicles are sitting at the lots now... Interesting times.
05-05-2023, 07:36 AM
#21
Burning Brakes
i overheard two guys talking at a car show i was at this weekend and heard something i hope someone can verify or discount.
The guy said that there was more 991s sold than the entire air cooled 911 line up from 1964 to 1998 . I find that difficult to believe but you just never know .
That would be more 991s than 911,964, and 993 combined.
The guy said that there was more 991s sold than the entire air cooled 911 line up from 1964 to 1998 . I find that difficult to believe but you just never know .
That would be more 991s than 911,964, and 993 combined.
05-05-2023, 08:38 AM
#22
Burning Brakes
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reacp911 (05-07-2023)
05-05-2023, 09:52 AM
#23
I work in manufacturing and buy lots of equipment and raw materials like steel. We have seen significant price decreases over the past 6-12 months with a number of items going back to prices just slightly higher than pre-pandemic.
I'm sure there are still a lot of materials that go into Porsches that have not come down in price yet due to the Ukraine situation, but given that Porsche margins and total profits are up, I think this has more to do with moving the brand up the ladder. What bothers me most is the arrogance of Porsche execs in basically saying that they are raising prices because they can. I get that from a business perspective, but I can't imagine saying that out loud so my customers can hear it.
I put another 6% in my 992 Carerra T build spread sheet and my spec with just $2,700 in options is now $188,500 out the door. Love the car, but it's not worth that to me.
I'm sure there are still a lot of materials that go into Porsches that have not come down in price yet due to the Ukraine situation, but given that Porsche margins and total profits are up, I think this has more to do with moving the brand up the ladder. What bothers me most is the arrogance of Porsche execs in basically saying that they are raising prices because they can. I get that from a business perspective, but I can't imagine saying that out loud so my customers can hear it.
I put another 6% in my 992 Carerra T build spread sheet and my spec with just $2,700 in options is now $188,500 out the door. Love the car, but it's not worth that to me.
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timothymoffat (05-07-2023)
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SToronto (05-05-2023)
05-05-2023, 10:45 AM
#25
Rennlist Member
05-05-2023, 11:37 AM
#26
Ouch. Making me want to keep the one I was thinking of trading later this year. The new one will be even more expensive with annual increase, lux tax plus this new increase, plus next years increase.
Will be interesting to see where this takes the brand in Canada. I believe they surely could charge more for their product, they are testing that I presume to some extent. Where is the ceiling at which people don't shop Porsche. In Canada that may be lower because of our heavy taxation.
While it will be interesting to see where the economy goes and it's impact on expensive vehicles, the job market keeps adding fuel to situation. 253K jobs added in the US last month, estimate was 180K. Interest rates will go higher still in the US, to be seen in Canada by the next meeting. Perhaps a quarter point more here. The increases don't seem to be cooling things as anticipated.
I always get a crack about how Porsche boasts about how much profit and vehicles they sell on Instagram. Very blatant compared to other auto manufacturers. When much of their enthusiast base buying new cars jumps through hoops and whatever else to get a car.
Will be interesting to see where this takes the brand in Canada. I believe they surely could charge more for their product, they are testing that I presume to some extent. Where is the ceiling at which people don't shop Porsche. In Canada that may be lower because of our heavy taxation.
While it will be interesting to see where the economy goes and it's impact on expensive vehicles, the job market keeps adding fuel to situation. 253K jobs added in the US last month, estimate was 180K. Interest rates will go higher still in the US, to be seen in Canada by the next meeting. Perhaps a quarter point more here. The increases don't seem to be cooling things as anticipated.
I always get a crack about how Porsche boasts about how much profit and vehicles they sell on Instagram. Very blatant compared to other auto manufacturers. When much of their enthusiast base buying new cars jumps through hoops and whatever else to get a car.
05-05-2023, 02:04 PM
#27
Team Owner
that's really only 35K cars .. not that many .. but then again this isn't a global number , just US and Canada...
Im intrigued though.
05-05-2023, 05:08 PM
#28
Rennlist Member
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LastMezger (05-08-2023)
05-07-2023, 08:19 AM
#29
Drifting
The only way for us to get around the price increase is to make more money.
Get our customers to secretly contribute to our new Porsche fund.
But seriously, the price increase is quite hefty.
I was looking at the new Cayenne S as a family hauler. OTD with all the taxes are now pushing 190k on my build.
I am now looking at Audi.
Get our customers to secretly contribute to our new Porsche fund.
But seriously, the price increase is quite hefty.
I was looking at the new Cayenne S as a family hauler. OTD with all the taxes are now pushing 190k on my build.
I am now looking at Audi.
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koala (05-07-2023)
05-07-2023, 12:33 PM
#30
Instructor
Stroll into your local Porsche and tell them you're interested in a TTS.... tell me the wait time.
Too much money out there globally, buying pressure from Asia is limiting supply elsewhere.
April 17 (Reuters) - Porsche AG (P911_p.DE) posted a record year-on-year sales increase of 18% in the first quarter, boosted by China sales, the company said on Monday. The German luxury carmaker delivered 21,365 cars in China, its largest single market, representing 21% growth over the previous year.
Too much money out there globally, buying pressure from Asia is limiting supply elsewhere.
April 17 (Reuters) - Porsche AG (P911_p.DE) posted a record year-on-year sales increase of 18% in the first quarter, boosted by China sales, the company said on Monday. The German luxury carmaker delivered 21,365 cars in China, its largest single market, representing 21% growth over the previous year.