Folks-

No, I am not a car dealer, but have seen extraordinary discounts on Vipers, Corvettes, and even Ferraris and Lamborghinis (look on ebay). Yet, with some exceptions, Porsche is still trying to get rid of its inventory of GT2's without deep discounts. It is not like these cars resemble the 993 Turbo S's of old - they have manual shifting, not PDK, and I am sure they will not hold their value. Am I missing something?

Thanks in advance...

 

Couldn't agree more, and not just GT2....there are numerous Turbos in inventory, and dealers with glazed eyes. I understand their need to make a profit on each sale (warranted), but with various tools at their disposal, and some recent breaks from PCNA, several dealers still won't bring the price in line with where it needs to be to sell. If they can afford floor plan for months, and have a line of customers for these 150k+ cars, I understand. But you are right - they are not in pain yet, I guess.

 

Maybe it is Porsche HQ guidance to try to maintain the value of the used cars we, the customers already own.

There is little evidence of price reductions of new cars here in Australia. i suspect they may give a few more freebies out with the car, but not solid discounts. A turbo is still $370,000 here (about 3 times what US prices are)

good day

 

I know this is a bit off topic, but...Charles I'm curious what wing that is on the C4S in your sig, looks similar to the whale tales off the 993tt?

 

I dont think its a bad thing. Maybe soon over everyone will be able to afford to drive Lamborghini's.

 

Are things bad, yes, but it's summer time when everything slows down and there are already hints that things may be headed for an up swing. They may figure if they wait through till September, October, the worst of it will be over.

You are much more likely to find a private seller willing to let go of his car for a cheaper price because he over extended himself or got hit by the crunch very hard personally.

The dealership has no point in selling the inventory just to get rid of it unless the dealership is closing. Plus it has service departments that bring in revenue, and if its been successful and around for a while, its seen slow downs before and there's no reason to dump the product.

 

You make a very good point there.
In fact, Exotic car prices are low maybe in the US but in parts of Europe and the Middle East/Golf they are still at all time high; you cannot touch a new TT for less than 180k with no mods.
I would much rather the prices stay high and the dealers hold on to their inventory than see my car value hit rock bottom. That's what makes the economy terrible.

 

hi there, check out strosek.de in germany. great fit for my previous car..one in the picture.

hope that helps.

 

Dealers are just posturing and hoping for more Porsche money to discount more heavily. If you are serious you can get a new 911 at cost, even though they will laugh you out the door initially they will call you back begging if you're a serious buyer! 2010s are coming soon as well...and alot of 09s are sitting around

 

What is "cost" of a new 911>? ^^^^

 

I tend to believe a slightly different trend is happening in the US...
Due to the economy and banks tightening up auto loan and equity lines of credit, people are not able to 'afford' non-life necessities such as exotic cars (although I am sure many will argue that exotic cars are necessities)

Dealers were hoping that springtime would bring out the exotic car buyers as it often does annually. However, this spring the truth is this is not happening. There are much fewer buyers out there and demand is as low as I have seen in over 15 years. As a result, dealers can't move exotic cars. Of course they are trying to hold on to find the person who hasn't been impacted by the economy and has millions of dollars of disposable income, but even these people are feeling it.

Car prices are dropping at an exponential rate. 6 months ago it was difficult to find a Gallardo Superlegerra under $200k. Now they can be purchased under $150k. Mercedes SLR's were commanding $275k-$300k 6-8 months ago and now they can be purchased for $200k and less. Ford GTs were even holding steady in the $165k-$175k range and now can be picked up for the low-mid $130s. Porsche GT2s were getting $25k+ over MSRP 6 months ago and now you can find them in the $150s and $160s. Lambo Gallardo 560-4s are already in the $180s with $240k+ MSRPs and this model just came out.

Just a sign of the times I guess. My take-away: I won't be buying a new car anytime soon. Only searching for low mile used cars that appear to have dropped $40k-$75k depending on model, etc...

 

I've been looking at a Bentley GT Speed for my wife. A new '08 with a sticker of over 219,000 and they are down to 159,000.00. I think there is still a little more to be had.