Whoa. It's a "special edition". I would gladly pay an extra $200K for this if I had the $. I could tell everyone that I am special. I need validation!

 

Lol indeed!

 

That is lightyears beyond stupid. If anyone pays that price for a mild appearance package they should be shot into space. Classic more money than brains situation.

 

They were calling around begging peeps to take these jokes.

 

The car industry as a whole is and has been heading towards correction. I believe we will see 911 below MSRP by the end of this year and dealers may even be offering small discounts in 2024-2025. My prediction of course.

 

Everyone has been saying prices are coming down for the last few years.

In that time, the 911 has had two price increases with a third imminent. And then you have the luxury tax.

Also, all of the cars for sale are 2022 or pre models selling above the msrp (then msrp). A handful of less then desirable brand new 2023s.

No deals to be had, and if they do come around the MSRP will have increased so much that you would have been better of buying now.

 

I agree...

I paid $167,865 pre tax for my 2019 GTS 4 in November 2019.... that same spec car is now $215,000. Any way you slice it cars are up in price, even if they sell at msrp.

 

Prices aren't going down, at least nothing worth discussing. Our friends in the USA having been paying big ADMs and Porsche has seen what people are willing to pay for their cars. They will try take this profit from the dealers till the ADMs fall and MSRP is up.

 

Speaking for myself, when I talk about prices going down it's in reference to the dealer markups or used cars.

As for new MSRP, getting noteworthy discounts from Porsche dealers pre-pandemic was not possible in Canada. Typically rather small percentages off. Whereas in the US, I've read about low double digit discounts on Cayennes and the like. MSRPs aren't coming down, Porsche is doing well doing what they're doing. If that were to change, then maybe. But will have to wait and see over the next 18 months how the new MSRPs impact sales. Some buyers will fall out of the fold with the new MSRP but I'd bet it'll be offset by more new buyers who can absorb the new MSRPs.

 

@Storonto - Yes I agree, the discounts will not be meaningful and very small... Not talking 20K off a new 911 here. With the constant increases to MSRP and LUX tax they will / have hit a ceiling where customers will curtail the purchase. Just my opinion, I personally believe the amount of new 911's dealers are going to sell in 2024 will be far less than what they sold in 2022 for example. Let's see how many 992 911's remain for sale in Canada by the end of the summer. I predict we will have more than there is currently. Time will tell.

As of today there are 278 992's for sale... I will update this in September and see if we are higher... supply and demand

 

I too find it interesting to sort of follow this. I have to think with increased cost pressures on these vehicles and other living expenses we should see a decline in demand, when compared to the period 2019-2022. But I'm not an expert.

Can you update monthly?

 

Also been shopping same. BMW also has incentives this month (reduced rate or 4k off) but both them and the Audi offers seem to be for loyalty customers (to get the full 2-2.5% rate reduction.)

 

All they need is 1 chump....No offense to the guy on here that buys one lol

 

I agree, MSRPs aren't coming down, but there is no way that a 4 year old car should be selling for more than the original MSRP in normal times. Pre-Pandemic prices for a 4 year old 911 were about 70%-75% of MSRP at retail if I recall correctly.

I'm interested in a Carrera T. 2019 base was $116,500. 2023 base is $132,000 - 13.3% increase over 4 years. The inflation rate over the same period is 15%.

 

Let's not forget dealers are bloating builds and forcing tons of unnecessary options for buyers who are lucky enough to get an allocation. Add lux tax to these, the used car market seems like an outright bargain and it's likely pulling prices up. And then the USD is strong, so prices get a bit low the cars get snapped up by US market. Unfortunately we'll need a conjunction of factors for prices to come down: lower demand, lower USD rate, Conservatives dropping lux tax (doubt it would happen quickly though) would also have a negative effect on used car pricing.