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Manks
5,007 posts
91 months
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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 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!
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sofaking
85 posts
16 months
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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.
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PorkaFly
199 posts
32 months
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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. Economy wise, UK officially fell into double-dip recession today after 0.2% contraction in Q1 (plan was 0.1% growth)...this follows a 0.3% decline in GDP in Q4 2011. First double-dip recession since 1975. Having said all that many economists believe the economy is probably more robust than ONS figures suggest. Hard to see right now. I hate to say it but I think Porsche have a sales problem on their hands with the 991. PF
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Manks
5,007 posts
91 months
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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?
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PorkaFly
199 posts
32 months
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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? 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
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Manks
5,007 posts
91 months
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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?
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whoami
7,059 posts
109 months
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Manks said: How important do you think UK sales of 991s are to Porsche? Fairly important.
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ted 191
984 posts
94 months
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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.
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Manks
5,007 posts
91 months
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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. Out of interest what was the finance deal?
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pete.g
551 posts
75 months
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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.
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franki68
1,421 posts
90 months
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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.
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whoami
7,059 posts
109 months
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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. The list price may have been £92K but there are huge discount on RR's, particularly Autobiography's
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D1ckie
446 posts
59 months
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I always though that Porsche's policy was that they didnt discount new cars, but would deal on trade ins? Am I wrong and have I been fleeced?? 
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HoHoHo
8,323 posts
119 months
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D1ckie said: Am I wrong and have I been fleeced?? Fleeced by Porsche......perish the thought 
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sofaking
85 posts
16 months
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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.
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Wudee
78 posts
13 months
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991 is not selling great. Cars that are in stock you can get some incentives. I realise the car is not cheap in decent spec, but think it is still a great package that drives amazing. I enjoy the high build quality and every day useability. That made decide to order one today.
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ted 191
984 posts
94 months
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D1ckie said: I always though that Porsche's policy was that they didnt discount new cars, but would deal on trade ins? Am I wrong and have I been fleeced?? Not at my opc, they were a full £11k down on trade in offer !
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ForzaWhitesGen2
351 posts
19 months
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Manks said: How important do you think UK sales of 991s are to Porsche? Very! Third largest market after the US and Germany......
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SFO
2,594 posts
52 months
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ForzaWhitesGen2 said: Manks said: How important do you think UK sales of 991s are to Porsche? Very! Third largest market after the US and Germany...... it's 4th now I think, it's China, US, Germany, UK
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JADF
654 posts
99 months
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Hi all,
Slightly off topic, anyone know what the approximate price of a basic 991 GT3 is going to cost in UK? I assume dealers are now taking £10k Deposits? Any news on approx delivery also appreciated.
Thanks in advance.
J
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