997 Turbo / GT2 2006–2012 Turbo discussion on the 997 model Porsche 911 Twin Turbo.
Sponsored by:
Sponsored by: HBI Auto

inane topic - GT2 supply and pricing

Thread Tools
 
Rate Thread
 
Old Mar 1, 2009 | 01:36 PM
  #1  
911TurboS2's Avatar
Thread Starter
|
Registered User
Joined: Jan 2008
Posts: 557
From: DC
Rep Power: 43
911TurboS2 has a spectacular aura about911TurboS2 has a spectacular aura about911TurboS2 has a spectacular aura about
inane topic - GT2 supply and pricing

Folks-

With the apparent oversupply of 997 GT2s sitting on dealer's lots (both new and slight used), can they sit on these cars forever at this elevated pricepoint? We are talking about slighty used recent MY Ferrari and Lambo price range here. Also - with the forthcoming 991 (998) model turbo, and eventually GT2 models coming out within a short time with new PDK, what will happen to these cars? Will they be bought up slowly by the super-wealthy over the course of the next year? Any ideas?
 
Old Mar 1, 2009 | 07:01 PM
  #2  
TT Surgeon's Avatar
Registered User
20 Year Member
Joined: Aug 2004
Posts: 6,518
From: Corpus Christi, Texas
Rep Power: 351
TT Surgeon Is a GOD !TT Surgeon Is a GOD !TT Surgeon Is a GOD !TT Surgeon Is a GOD !TT Surgeon Is a GOD !TT Surgeon Is a GOD !TT Surgeon Is a GOD !TT Surgeon Is a GOD !TT Surgeon Is a GOD !TT Surgeon Is a GOD !TT Surgeon Is a GOD !
I'd love to grab one, of course I'd have to get divorced first.
In 2006 my friend bought a brand new 996gt2 that had been in a CT dealers showroom for three years, I believe he got a killer deal too. I think many of these 997gt2s will suffer the same fate. Timing is everything, they couldn't have picked a worse time to release the gt2.
 
Old Mar 2, 2009 | 08:34 AM
  #3  
JZRS4's Avatar
Registered User
Joined: Jun 2007
Posts: 590
From: Chicago
Rep Power: 70
JZRS4 has a reputation beyond reputeJZRS4 has a reputation beyond reputeJZRS4 has a reputation beyond reputeJZRS4 has a reputation beyond reputeJZRS4 has a reputation beyond reputeJZRS4 has a reputation beyond reputeJZRS4 has a reputation beyond reputeJZRS4 has a reputation beyond reputeJZRS4 has a reputation beyond reputeJZRS4 has a reputation beyond reputeJZRS4 has a reputation beyond repute
Originally Posted by TT Surgeon
I'd love to grab one, of course I'd have to get divorced first.
In 2006 my friend bought a brand new 996gt2 that had been in a CT dealers showroom for three years, I believe he got a killer deal too. I think many of these 997gt2s will suffer the same fate. Timing is everything, they couldn't have picked a worse time to release the gt2.
It's a specialized market to begin with and I know a couple guys that paid sticker for them and are thrilled with them. They could have released it October 1st
There wont be another GT2 for how many years?
These will move, just need to hit spring and get real about asking over sticker.
 
Old Mar 2, 2009 | 02:09 PM
  #4  
E55AMG's Avatar
Registered User
Joined: Feb 2006
Posts: 1,524
From: Long Island
Rep Power: 94
E55AMG has much to be proud ofE55AMG has much to be proud ofE55AMG has much to be proud ofE55AMG has much to be proud ofE55AMG has much to be proud ofE55AMG has much to be proud ofE55AMG has much to be proud ofE55AMG has much to be proud ofE55AMG has much to be proud ofE55AMG has much to be proud of
Originally Posted by TT Surgeon
I'd love to grab one, of course I'd have to get divorced first.
In 2006 my friend bought a brand new 996gt2 that had been in a CT dealers showroom for three years, I believe he got a killer deal too. I think many of these 997gt2s will suffer the same fate. Timing is everything, they couldn't have picked a worse time to release the gt2.
Go for it - just get midnight blue - she'll never know the difference.
 
Old Mar 2, 2009 | 05:17 PM
  #5  
george3's Avatar
Registered User
Joined: Aug 2008
Posts: 208
From: Allentown, PA USA
Rep Power: 27
george3 is infamous around these partsgeorge3 is infamous around these parts
.

1) The dealers asking in the low $200K's for their GT2's . . . is laughable.

2) The Private owners considering selling their GT2's should get on the stick and sell their cars quick; because the economy is on the verge of complete collapse (my opinion only).

3) Folks waiting to buy in to a GT2 may be in for a shock, because the "good deal" they think they're getting may be $30K overpriced in several months.

These are VERY scarey times.
 
Old Mar 2, 2009 | 07:54 PM
  #6  
Tim'sNFS's Avatar
Registered User
Joined: Sep 2003
Posts: 56
From: Midland Texas
Rep Power: 25
Tim'sNFS is infamous around these parts
I'm sure about the pricing on the new GT2's. I was told that they are only going to have 25 09's. Sounds like bull to me. But, I got offered a new Ferrari 430 for under MSRP and delievery in a week. Dealing with Ferrari is wierd and but Ferrari or GT2 . Not a hard one to decide.
 
Old Mar 3, 2009 | 08:35 AM
  #7  
JZRS4's Avatar
Registered User
Joined: Jun 2007
Posts: 590
From: Chicago
Rep Power: 70
JZRS4 has a reputation beyond reputeJZRS4 has a reputation beyond reputeJZRS4 has a reputation beyond reputeJZRS4 has a reputation beyond reputeJZRS4 has a reputation beyond reputeJZRS4 has a reputation beyond reputeJZRS4 has a reputation beyond reputeJZRS4 has a reputation beyond reputeJZRS4 has a reputation beyond reputeJZRS4 has a reputation beyond reputeJZRS4 has a reputation beyond repute
Originally Posted by Tim'sNFS
I'm sure about the pricing on the new GT2's. I was told that they are only going to have 25 09's. Sounds like bull to me. But, I got offered a new Ferrari 430 for under MSRP and delievery in a week. Dealing with Ferrari is wierd and but Ferrari or GT2 . Not a hard one to decide.
If you were offered a new Ferrari with delivery in a week under MSRP, and you don't buy the car you'll kick yourself 1000 times over and over and over. I'll take it and so will 50 guys I know. Everyone I know is still waiting, no one in that socio-economic class is hurting I have seen 3 new F430 cabs this week alone at my club.
GT2's are not made for every production year, like I said, it's a special car, for a special buyer. They wont be around again for 5-7 years and these will sell just not for over sticker.
 
Old Mar 4, 2009 | 09:10 AM
  #8  
Tim'sNFS's Avatar
Registered User
Joined: Sep 2003
Posts: 56
From: Midland Texas
Rep Power: 25
Tim'sNFS is infamous around these parts
Call Fearrai in San Antonio. Talk to Michael, I have to admit he was going under MSRP to make up for a poor trade price on my TT. Also the car was a new 08. Thing is I had to put a 20K non refunable deposit and then they would tell me which car I would get. They quit making them in Feb so the will dry up fast. Not right for me now (econ). But go for it and let me know if it sounds good.
 
Old Mar 4, 2009 | 09:26 AM
  #9  
dmundy's Avatar
Registered User
Joined: Nov 2007
Posts: 109
From: Sugar Land, TX
Rep Power: 25
dmundy has a spectacular aura aboutdmundy has a spectacular aura aboutdmundy has a spectacular aura about
A local dealer here was giving the same song and dance about how limited the GT2's are (there is one on the showroom floor.) It's true they are rare, but if the demand side is even thinner the outcome is pretty obvious.

OTOH diamond dealers have made a good living convincing people that a plentiful item is a rare commodity.
 
Old Mar 4, 2009 | 09:28 AM
  #10  
JZRS4's Avatar
Registered User
Joined: Jun 2007
Posts: 590
From: Chicago
Rep Power: 70
JZRS4 has a reputation beyond reputeJZRS4 has a reputation beyond reputeJZRS4 has a reputation beyond reputeJZRS4 has a reputation beyond reputeJZRS4 has a reputation beyond reputeJZRS4 has a reputation beyond reputeJZRS4 has a reputation beyond reputeJZRS4 has a reputation beyond reputeJZRS4 has a reputation beyond reputeJZRS4 has a reputation beyond reputeJZRS4 has a reputation beyond repute
Originally Posted by Tim'sNFS
Call Fearrai in San Antonio. Talk to Michael, I have to admit he was going under MSRP to make up for a poor trade price on my TT. Also the car was a new 08. Thing is I had to put a 20K non refunable deposit and then they would tell me which car I would get. They quit making them in Feb so the will dry up fast. Not right for me now (econ). But go for it and let me know if it sounds good.
Amazing how things change, you were offered a used car. An 08 is not new, an 09 is new. Ferrari is not having any problems selling cars. I have friends that give gifts to GM's just to get on the "list". If there is one car company not worried its Ferrari.
Beverly Hills Ferrari sells the most units per year and Shelton grosses the most money per year. These dealers make their cash by controlling the used market. New Ferrari's are often sold at MSRP, which most people don't realize. Its the most selective, frat out there. The deal you were offered was standard for a AD.
You don't get test drives, you don't get choices. If you want to play and you're not in the frat, you get what you get.
You could go to the secondary market, but not knowing the history of the car is the single biggest mistake people make when buying a Ferrari.
For the OP, you are making a huge mistake if you buy a 430. The 360 CS will never hurt you financially and its twice the car. All the best either way, they are amazing.
 
Old Mar 4, 2009 | 11:23 AM
  #11  
ZEMDOGG's Avatar
Registered User
Joined: Aug 2005
Posts: 2,521
From: Orlando
Rep Power: 121
ZEMDOGG is infamous around these parts
It's a shame that some dealers were greedy enough to want more than sticker. Those are the ones that are now stuck with these cars. We sold both of ours at MSRP and they were pre-ordered. In fact we had about 10 people in the waiting list but no one wanted to pay over at other dealers. I couldnt get enough of them at MSRP.

Greedy= NOT GOOD
 
Old Mar 4, 2009 | 08:50 PM
  #12  
Hamann7's Avatar
Porsche Fiend
Joined: Aug 2003
Posts: 2,875
From: Malibu, CA
Rep Power: 139
Hamann7 is infamous around these partsHamann7 is infamous around these parts
How interesting... 25 09's promised for North America market... but I still have yet to see one. Official line from Porsche NA is NO GT2's for 2009.

We shall see.

All I know is, these are tough times indeed. But driving a 997 GT2 is one of the few things that can put a smile on your face even in this depressive economic state.

Those who are fortunate to own one know this. The vast majority of those who sold theirs regret it.

Ferrari vs. GT2, quite an easy choice for me! Scuderias are no better off in the market than GT2's right now, that I can assure you.
 
Old Mar 5, 2009 | 01:05 AM
  #13  
docjackson1's Avatar
Registered User
Joined: Jul 2003
Posts: 577
Rep Power: 46
docjackson1 is infamous around these parts
during this past summer, a few of the dealers in the ny/nj area were routinely turning down 30k over msrp. some of those dealers are still stuck with their cars. one dealer had one new gt2, then bought another gt2 from a customer for over msrp who had purchased his gt2 from another dealer for msrp. to this day, i think that they still have both cars left. as far as some of the other posters saying that their buddies at their clubs are still buying gt2s and f430s, it depends who your friends are. if you are loaded and saved a bunch of money or have a job that will be less impacted by the economy (like a doctor who works for himself and can't get laid off) then you might want to buy a gt2. but a lot of the customers of these cars are wall street and investment banking types, and we all know what is happening or might happen to these people financially.
 
Old Mar 5, 2009 | 06:09 AM
  #14  
brownan's Avatar
Registered User
Joined: Jul 2007
Posts: 547
From: NYC
Rep Power: 42
brownan is a jewel in the roughbrownan is a jewel in the roughbrownan is a jewel in the rough
Originally Posted by JZRS4
Amazing how things change, you were offered a used car. An 08 is not new, an 09 is new. Ferrari is not having any problems selling cars. I have friends that give gifts to GM's just to get on the "list". If there is one car company not worried its Ferrari.
Beverly Hills Ferrari sells the most units per year and Shelton grosses the most money per year. These dealers make their cash by controlling the used market. New Ferrari's are often sold at MSRP, which most people don't realize. Its the most selective, frat out there. The deal you were offered was standard for a AD.
You don't get test drives, you don't get choices. If you want to play and you're not in the frat, you get what you get.
You could go to the secondary market, but not knowing the history of the car is the single biggest mistake people make when buying a Ferrari.
For the OP, you are making a huge mistake if you buy a 430. The 360 CS will never hurt you financially and its twice the car. All the best either way, they are amazing.
I disagree to a certain extent. Our local dealer is sitting on 3 612s, 2 599s, a Scuderia, countless 430s and a few 550s. 430 prices are falling through the floor as are 599 prices. 612s are DOA. I think they'd be thrilled to sell a 599, 612 or remaining 430 (x-Scuderia) at MSRP. Ferrari is ginned up to make 4000 Californias. I've no idea who is going to buy all those (they're not all going to Dubai as their economy has burst into flames as well).
 
Old Mar 5, 2009 | 07:02 AM
  #15  
nyamg's Avatar
Registered User
Joined: Nov 2006
Posts: 1,202
From: Long Island New York
Rep Power: 80
nyamg has much to be proud ofnyamg has much to be proud ofnyamg has much to be proud ofnyamg has much to be proud ofnyamg has much to be proud ofnyamg has much to be proud ofnyamg has much to be proud ofnyamg has much to be proud ofnyamg has much to be proud of
Originally Posted by docjackson1
during this past summer, a few of the dealers in the ny/nj area were routinely turning down 30k over msrp. some of those dealers are still stuck with their cars. one dealer had one new gt2, then bought another gt2 from a customer for over msrp who had purchased his gt2 from another dealer for msrp. to this day, i think that they still have both cars left. as far as some of the other posters saying that their buddies at their clubs are still buying gt2s and f430s, it depends who your friends are. if you are loaded and saved a bunch of money or have a job that will be less impacted by the economy (like a doctor who works for himself and can't get laid off) then you might want to buy a gt2. but a lot of the customers of these cars are wall street and investment banking types, and we all know what is happening or might happen to these people financially.
Doc, I think I know what dealer you are talking about, both GT2s are still sitting there.
 


You have already rated this thread Rating: Thread Rating: 0 votes,  average.


All times are GMT -6. The time now is 07:21 AM.