991 discounts / incentives ?
Discussion
franki68 said:
93k on the configurator ,so wasnt a bad guess ? bear in mind this is a dealer as well so there is good margin at that price for him so what did he pay ?
I dont think the 991 will depreciate as bad as some think,I think the relative lack of sales will ensure strong pricing for a while.
It might even be the dealer that bought it new...I dont think the 991 will depreciate as bad as some think,I think the relative lack of sales will ensure strong pricing for a while.
I guessed that depreciation would not be horrific on them in year 1, but then I am equally prepared for the eventuality that it is. When buying new high-end cars it doesn't pay to spend too much time studying the secondhand market!
iMungo said:
Thanks to you and hohoho for the comments, interesting, particularly the point about not feeling special unless you are driving at 10/10ths, which I should imagine is not the case in the R8.
In reference to the original posters point: I think the rate at which 991 prices will depreciate (or new 991 cars will be discounted) will depend on the volumes that Porsche are trying to shift relative to demand (at the risk of stating the obvious..). As has already been pointed out Demand is possibly lower than at the launch of the 997 due to the current economic climate and the fact that the 991 price has increased in real terms over the 997. However Porsche may not be attempting to shift as many 991s as they did with the 997 given all the other models they have to drive revenue. I think I read that the Cayenne is now the best seller. I think we will see 991s depreciate more slowly than 997s did.
I think I read that Porsche were intending to move more 991s than they did 997s. With the lower demand, higher prices and harsher economic climate, it is hard to see how they will do that unless the economy turns around. In reference to the original posters point: I think the rate at which 991 prices will depreciate (or new 991 cars will be discounted) will depend on the volumes that Porsche are trying to shift relative to demand (at the risk of stating the obvious..). As has already been pointed out Demand is possibly lower than at the launch of the 997 due to the current economic climate and the fact that the 991 price has increased in real terms over the 997. However Porsche may not be attempting to shift as many 991s as they did with the 997 given all the other models they have to drive revenue. I think I read that the Cayenne is now the best seller. I think we will see 991s depreciate more slowly than 997s did.
sofaking said:
iMungo said:
Thanks to you and hohoho for the comments, interesting, particularly the point about not feeling special unless you are driving at 10/10ths, which I should imagine is not the case in the R8.
In reference to the original posters point: I think the rate at which 991 prices will depreciate (or new 991 cars will be discounted) will depend on the volumes that Porsche are trying to shift relative to demand (at the risk of stating the obvious..). As has already been pointed out Demand is possibly lower than at the launch of the 997 due to the current economic climate and the fact that the 991 price has increased in real terms over the 997. However Porsche may not be attempting to shift as many 991s as they did with the 997 given all the other models they have to drive revenue. I think I read that the Cayenne is now the best seller. I think we will see 991s depreciate more slowly than 997s did.
I think I read that Porsche were intending to move more 991s than they did 997s. With the lower demand, higher prices and harsher economic climate, it is hard to see how they will do that unless the economy turns around. In reference to the original posters point: I think the rate at which 991 prices will depreciate (or new 991 cars will be discounted) will depend on the volumes that Porsche are trying to shift relative to demand (at the risk of stating the obvious..). As has already been pointed out Demand is possibly lower than at the launch of the 997 due to the current economic climate and the fact that the 991 price has increased in real terms over the 997. However Porsche may not be attempting to shift as many 991s as they did with the 997 given all the other models they have to drive revenue. I think I read that the Cayenne is now the best seller. I think we will see 991s depreciate more slowly than 997s did.
I hate to say it but I think Porsche have a sales problem on their hands with the 991.
PF
Manks said:
PorkaFly said:
I hate to say it but I think Porsche have a sales problem on their hands with the 991.
How important do you think UK sales of 991s are to Porsche?PF
PorkaFly said:
In the global scheme if things perhaps irrelevant...but tooling for right hand drive and long-lead investment needs an on plan return for Porsche, and OPCs (overheads) need sales, so it it will be a problem in UK; and not hitting target/plan for 2012 will be a problem for those that agreed such targets for 2012.
PF
Do you think that all this might be irrelevant if they are selling other models?PF
ted 191 said:
There are very good deals to be had, you need to shop around.
I got 10% off list and a finance deal that would have been stupid to walk away from.
Car is a demo, but only 3 weeks old with 800 miles.
If you're prepared to have an ex demo car that's certainly the cheapest route in right now.I got 10% off list and a finance deal that would have been stupid to walk away from.
Car is a demo, but only 3 weeks old with 800 miles.
Out of interest what was the finance deal?
orbtar said:
As for Porsche residuals, my local dealer couldn't be bothered to come out of his office when I offered to sell him my new model 10 month old Cayenne Turbo in 2011. This was five minutes after the sales guy had told me there were none available for sale anywhere in the country new or used! Since then have stuck to Range Rovers, easy to sell, and lose far less money as long as you buy them at the right price.
Off topic, but I was at a dealer's premises a couple of weeks ago buying a Subaru Forester XT as my tow car. He had a client trying to trade in a Range Rover Autobiography that she'd bought new in July 2011 against a Touareg Hybrid he had. The RR had cost £92k and he hadn't had a bid over £50k on it. You'd need to be buying them at the right price to cope with £5k a month first year depreciation.Manks said:
It might even be the dealer that bought it new...
I guessed that depreciation would not be horrific on them in year 1, but then I am equally prepared for the eventuality that it is. When buying new high-end cars it doesn't pay to spend too much time studying the secondhand market!
Indeed,I stopped buying new cars because of the dreaded depreciation,although the 991 tempts me ,I'm sticking to my new principles,unless the new gt3 looks unmissable.I guessed that depreciation would not be horrific on them in year 1, but then I am equally prepared for the eventuality that it is. When buying new high-end cars it doesn't pay to spend too much time studying the secondhand market!
pete.g said:
orbtar said:
As for Porsche residuals, my local dealer couldn't be bothered to come out of his office when I offered to sell him my new model 10 month old Cayenne Turbo in 2011. This was five minutes after the sales guy had told me there were none available for sale anywhere in the country new or used! Since then have stuck to Range Rovers, easy to sell, and lose far less money as long as you buy them at the right price.
Off topic, but I was at a dealer's premises a couple of weeks ago buying a Subaru Forester XT as my tow car. He had a client trying to trade in a Range Rover Autobiography that she'd bought new in July 2011 against a Touareg Hybrid he had. The RR had cost £92k and he hadn't had a bid over £50k on it. You'd need to be buying them at the right price to cope with £5k a month first year depreciation.
Manks said:
How important do you think UK sales of 991s are to Porsche?
Unfortunately for Porsche, I don't think some of their other, bigger markets are doing so well either. Here in the US there doesn't seem to be a huge demand for the 991, though discounts don't yet seem to reflect that. I read yesterday ( http://www.reuters.com/article/2012/04/25/us-porsc... )that China is not expecting future luxury car sales to grow as fast as before.Gassing Station | Porsche General | Top of Page | What's New | My Stuff