http://www.theautochannel.com/news/2...01/459065.html

 

not good for porsche, but technically is good for us... when demand rises again there will be overall less supply making each car value higher.... i think overall we have nothing to fret when talking values of 911's because the "substitute" cars with equivilent soul are all priced considerably more... if we had sedans (panamera) or SUV (cayenne) the substitutes are more around same price or much cheaper so the value of the car suffers much worse.

so in a nut shell, if you have a 911... dont fret.... if you have a cayenne/boxter/cayman or getting a panamera it means somewhat bad news...

notice the cayman/boxter sales are down much more (cheap substitutes), the 911 sales are almost even except for the super expensive models that have close valued substitutes

 

i think things are only going to get worse. now the swine flu has closed every school here city wide (140 k students in all) and the financial and academic fall out from that is going to be yet another painful footnote

 

they are going overkill with swine flu.. its just something for the news to use to get some $..

90 people die from swine flu and everyone is wearing masks and schools/businesses evacuating..... i understand they are trying to prevent it moving along but sometimes they go overkill....

people need to stop fretting every damn thing and live a little... i mean hell air force one flies over NYC and people are running in the streets? c'mon!

the only thing that will bring us up is people believing that things will get better, the pessimistic attitudes from everyone is only making everything worse.... must remember all these markets we speak of are fictitious.. they are just built on thoughts and numbers... so to boost the numbers we must change our thoughts...

if tonight every news station said "everything is better, HOORAY!" and we all woke up tomorrow with a totally new "Hooray" attitude everything would turn around in 90 days or less to better than it ever was before.... because we would start spending, that spending would help businesses, which would help other businesses, which would help travel, which would help airfare/cars/metal workers/and building, all of that would then help the originators again which would snowball and snowball to something insane.

 

Good info Harvey, thanks. IMO the real situation for Porsche owners will be the decreasing demand for used cars for at least 5 years. We have the worldwide economic and financial problems + absolutely certain increases in terrorism which will hamper the Global Economy at least the next several years. Here in the USA, regardless of your political position, the inevitable result of the current administration's plans and programs must be higher prices for everything - food, clothing, housing, health care, energy, taxes, etc., etc.. While neither the marginal and welfare people nor the truly wealthy will experience significant life style changes, those in the say $40k to $200k income brackets are going to have considerably less disposable income, and this is the target market for used Porsches. 8 months ago a person making 80 grand could finance an extra $30k toy if he wasn't already over encumbered; today he'd have difficulty and a year or two from now it will be impossible. This is not at all doom and gloom, just an acceptance that phenomenal increases in gov't. expenditures and in the cost of gov't. and gov't. regulations are going to be paid for by you and I.