Porsche buyers to pay up to 10% more in event of hard brexit
Discussion
How would they know ?
If exchange rates vary significantly everybody will change prices ...
If tariffs are imposed, everybody will change prices ...
But why do Porsche need to play the fear game ? Are their manufacturing lead times so much longer than those of their competitors who have not said this ?
Are they guilty of stating the obvious ?
Or are they guilty of taking deposits that could tie them into a fixed price once build is confirmed ?
If exchange rates vary significantly everybody will change prices ...
If tariffs are imposed, everybody will change prices ...
But why do Porsche need to play the fear game ? Are their manufacturing lead times so much longer than those of their competitors who have not said this ?
Are they guilty of stating the obvious ?
Or are they guilty of taking deposits that could tie them into a fixed price once build is confirmed ?
Wouldn’t sign it without my solicitor reviewing it
So if they add 10% either because of tariffs and /or currency fluctuations do you lose your deposit if you decide you don’t want the car?
Porsche U.K. then left with a car they need to shift but at a higher price and probably a smaller pool of punters
Or are you just prepared to pay the extra 10% if so no reason why Porsche won’t take advantage and at least slip in a 4% price increase anyway. Nice way to do business having all these customers who are prepared to sign a letter saying charge me another 10% if you feel like it!!
I wouldn’t exchange on a house knowing the final price could go up by another 10%
So if they add 10% either because of tariffs and /or currency fluctuations do you lose your deposit if you decide you don’t want the car?
Porsche U.K. then left with a car they need to shift but at a higher price and probably a smaller pool of punters
Or are you just prepared to pay the extra 10% if so no reason why Porsche won’t take advantage and at least slip in a 4% price increase anyway. Nice way to do business having all these customers who are prepared to sign a letter saying charge me another 10% if you feel like it!!
I wouldn’t exchange on a house knowing the final price could go up by another 10%
Olivera said:
How much is an optioned up 992S with a 10% tariff applied? 125k?
Mine is £102K as it is but i have no intention of paying an extra 10% unless they give me the equivalent for my p/x..Even so it doesn't legally bind the buyer in the event of a 'no deal'..Mine is a May build car and if no deal is reached by March 29th i have the option of a fully refundable deposit on the 30th..No risk whatsoever just more scaremongering..!
ags11 said:
I'd let them keep their order. If I asked my customers to do similar, they'd tell me to stick it.
Fanciful thinking imo. With a no deal they might have to discount them by 10% for a sale!
well prices are already substantially lower than in Germany, a 10% increase just brings them roughly in line in terms of end consumer price (not in terms of profit per car though if it is due to FX/tariff impact). Fanciful thinking imo. With a no deal they might have to discount them by 10% for a sale!
ags11 said:
I'd let them keep their order. If I asked my customers to do similar, they'd tell me to stick it.
Fanciful thinking imo. With a no deal they might have to discount them by 10% for a sale!
If you knew you might have an extra 10% tax slapped on in 1-2 months time, you really would be happy to eat all that cost yourself and not flag it as a potential cost to your customers?Fanciful thinking imo. With a no deal they might have to discount them by 10% for a sale!
People do realise that this not Porsche increasing the price right?
This 10% will be the extra tarif Porsche will have to pay/charge to import the car into the uk from Europe.
So they are merely passing it on to the customer, every other car imported from Europe will have the same tarif, and unless the manufacturers intend on absorbing this cost themselves (not a chance, that’s a large portion of the profit), then they will be doing the same. Porsche are just being upfront with people.
Let’s face it, if you can afford a 100k Porsche, you can afford an extra 10k if you really want the car. As has been pointed out, the uk is already the cheapest pace to buy one anyway, so this will only bring us more inline with what everyone else pays.
You maybe just need to remove a few options if you can’t afford it, but you aren’t being forced to buy the car, you can back out at no cost. Porsche have more customers than they build sports cars, so someone else will just take the slot.
This 10% will be the extra tarif Porsche will have to pay/charge to import the car into the uk from Europe.
So they are merely passing it on to the customer, every other car imported from Europe will have the same tarif, and unless the manufacturers intend on absorbing this cost themselves (not a chance, that’s a large portion of the profit), then they will be doing the same. Porsche are just being upfront with people.
Let’s face it, if you can afford a 100k Porsche, you can afford an extra 10k if you really want the car. As has been pointed out, the uk is already the cheapest pace to buy one anyway, so this will only bring us more inline with what everyone else pays.
You maybe just need to remove a few options if you can’t afford it, but you aren’t being forced to buy the car, you can back out at no cost. Porsche have more customers than they build sports cars, so someone else will just take the slot.
isaldiri said:
ags11 said:
I'd let them keep their order. If I asked my customers to do similar, they'd tell me to stick it.
Fanciful thinking imo. With a no deal they might have to discount them by 10% for a sale!
If you knew you might have an extra 10% tax slapped on in 1-2 months time, you really would be happy to eat all that cost yourself and not flag it as a potential cost to your customers?Fanciful thinking imo. With a no deal they might have to discount them by 10% for a sale!
Flagging it up and making someone sign are different. Hats off to them to be able to operate in such a way. You can price something at whatever you like, ultimately it'll be the market that'll dictate the volume of sales at a given level.
In the scenario of a no deal, I can't see the market for £100k cars booming. If there's a severe lack of confidence 10k will be irrelevant if sales fall.
Where do they get 10% from? Like the financial crisis 10 years ago, the so called experts have no more idea what will happen than we do.
How important is the UK market to VAG?
If there's a no deal and things go pear shaped, it'll be our poor old local OPC's feeling the pinch. I can't see 10% on new cars saving the day.
How important is the UK market to VAG?
If there's a no deal and things go pear shaped, it'll be our poor old local OPC's feeling the pinch. I can't see 10% on new cars saving the day.
ags11 said:
Where do they get 10% from? Like the financial crisis 10 years ago, the so called experts have no more idea what will happen than we do.
How important is the UK market to VAG?
If there's a no deal and things go pear shaped, it'll be our poor old local OPC's feeling the pinch. I can't see 10% on new cars saving the day.
You do realise that 10% isn't an arbitrary number Porsche pulled out of the air but it's the WTO car tariff to be applied by the UK if no deal applies?How important is the UK market to VAG?
If there's a no deal and things go pear shaped, it'll be our poor old local OPC's feeling the pinch. I can't see 10% on new cars saving the day.
ags11 said:
Where do they get 10% from? Like the financial crisis 10 years ago, the so called experts have no more idea what will happen than we do.
How important is the UK market to VAG?
If there's a no deal and things go pear shaped, it'll be our poor old local OPC's feeling the pinch. I can't see 10% on new cars saving the day.
It's the WTO tariff on cars coming into UK.How important is the UK market to VAG?
If there's a no deal and things go pear shaped, it'll be our poor old local OPC's feeling the pinch. I can't see 10% on new cars saving the day.
Edited to add: oops beaten to it.
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