US recession. any porsche dealerships having financial problems?

 

i'd bet, but lets hope not as bad as GM!!!

 

Don't forget Chrysler and Ford.

 

I heard cars are piling up at the ship yards. Just another sign of the bad economy.

 

http://www.nytimes.com/slideshow/200...RTS_index.html

 

I was at Autogallery in Los Angles and the internet sales manager I talked to mentioned they where getting alot of lease defaults.

 

Long term trend you will see North American Porsche inventories be extremely low as world manufacturers re shift their primary consumer focus to Asia. Don't expect the number of exotics to ever reach this number exported to the US again for at least a decade.

 

The one in my town filed bankruptcy last month. Closed.

 

Ford is actually the only American car company that is doing somewhat good compared to the others. Crazy considering how bad off they were a few years ago.

Btw love the GT3 M K!

 

Interesting, my dealer told me that even with the slow sales and needing to shut down the factory for a few weeks Porsche will not be offering any incentives. No low finance or discounting (other than what the dealer may do.). I guess it is good to have loot of cash on hand.

 

Not surprise to hear that from Porsche.

 

I guess no company, especially automotive companies, are immune to this economic crisis..

 

Porsche Sales are up 30% in Kuwait... This was in the news paper today here

 

As of yesterday, Ocala, Fl. dealer offering Porsche 2.9% financing and "other incentives". I did not ask what the 'other' were.

 

I'm sure it'll happen soon or later if this economy stays like this. I'm still waiting for them to lower their price on certain goodies.