What happened to the bubble?
Discussion
Mini datapoint - I have been watching 2 CGTs, both at official dealers, that have been sitting for more than a year, both with price reductions - I"d say the market has slowed down a bit. From what I read re auction results, the "can you believe this price" type deals seem to have also gotten less.
New car sales still strong though judging by the waiting lists/ability to get a car
New car sales still strong though judging by the waiting lists/ability to get a car
MDL111 said:
New car sales still strong though judging by the waiting lists/ability to get a car
I've got a Mini Datapoint about that...I am not sure demand is quite as strong as it was. I've been watching 991.2 GTS's...Quite a few OPC's seems to have ordered 991.2 GTS's as stock/showroom cars in addition to demo's....which surely means they didn't have customers banging down the doors to spec a car themselves ? A couple of PH'ers bought brand new cars that dealers had in stock and my OPC has had two stock cars through in addition to it's demonstrator. These cars don't find their way to the Porsche Approved Used site but do get advertised on their dealer group's "used" car site.And there are definitely a lot more 991 GTS's on the used market than there were at the beginning of the year.
Market is definitely cooling a bit I think. Which is a good thing!
Cheib said:
MDL111 said:
New car sales still strong though judging by the waiting lists/ability to get a car
I've got a Mini Datapoint about that...I am not sure demand is quite as strong as it was. I've been watching 991.2 GTS's...Quite a few OPC's seems to have ordered 991.2 GTS's as stock/showroom cars in addition to demo's....which surely means they didn't have customers banging down the doors to spec a car themselves ? A couple of PH'ers bought brand new cars that dealers had in stock and my OPC has had two stock cars through in addition to it's demonstrator. These cars don't find their way to the Porsche Approved Used site but do get advertised on their dealer group's "used" car site.And there are definitely a lot more 991 GTS's on the used market than there were at the beginning of the year.
Market is definitely cooling a bit I think. Which is a good thing!
Cheib said:
I've got a Mini Datapoint about that...I am not sure demand is quite as strong as it was. I've been watching 991.2 GTS's...Quite a few OPC's seems to have ordered 991.2 GTS's as stock/showroom cars in addition to demo's....which surely means they didn't have customers banging down the doors to spec a car themselves ? A couple of PH'ers bought brand new cars that dealers had in stock and my OPC has had two stock cars through in addition to it's demonstrator. These cars don't find their way to the Porsche Approved Used site but do get advertised on their dealer group's "used" car site.
And there are definitely a lot more 991 GTS's on the used market than there were at the beginning of the year.
Market is definitely cooling a bit I think. Which is a good thing!
The 991.1 GTS is at the same price point as it was this time last year as I bought one in Sept 2016 at £90500 from an OPC.And there are definitely a lot more 991 GTS's on the used market than there were at the beginning of the year.
Market is definitely cooling a bit I think. Which is a good thing!
There are quite a few 991.2 GTS' on the locator and as you say there are a few dealers who ordered cars in addition to the demo items.
The 991.1 GTS wasn't selling particularly well when new and there were up to £10 - £15k discounts at one point where cars were just languishing in the showrooms. Same could well happen to the 991.2 version if dealers are just ordering as many cars as they're allowed which will oversupply the market.
Wouldn't surprise me if the 991.1 GTS is the new 993 Carrera S in terms of desirability due to the N/A engine and amazing soundtrack. I think its still a very good second hand buy.
Fokker said:
Wouldn't surprise me if the 991.1 GTS is the new 993 Carrera S in terms of desirability due to the N/A engine and amazing soundtrack. I think its still a very good second hand buy.
I agree with that about the 991.1. I am just surprised that dealers needed to/could order cars for themselves because they didn't have customers that wanted the delivery slots. Especially when the model is under a year old!
Cheib said:
I agree with that about the 991.1.
I am just surprised that dealers needed to/could order cars for themselves because they didn't have customers that wanted the delivery slots. Especially when the model is under a year old!
It is nice though to walk into a dealer to see lots of 911's in the showroom instead of Cayennes and Macans!I am just surprised that dealers needed to/could order cars for themselves because they didn't have customers that wanted the delivery slots. Especially when the model is under a year old!
The .2 has had superb reviews which is great news so I hope it continues to sell well.
I just love the howl of the 991.1. Its one of the truly great sounding Porsches.
MDL111 said:
Mini datapoint - I have been watching 2 CGTs, both at official dealers, that have been sitting for more than a year, both with price reductions - I"d say the market has slowed down a bit. From what I read re auction results, the "can you believe this price" type deals seem to have also gotten less.
New car sales still strong though judging by the waiting lists/ability to get a car
May I ask details on those 2 cars?New car sales still strong though judging by the waiting lists/ability to get a car
Maxige said:
MDL111 said:
Mini datapoint - I have been watching 2 CGTs, both at official dealers, that have been sitting for more than a year, both with price reductions - I"d say the market has slowed down a bit. From what I read re auction results, the "can you believe this price" type deals seem to have also gotten less.
New car sales still strong though judging by the waiting lists/ability to get a car
May I ask details on those 2 cars?New car sales still strong though judging by the waiting lists/ability to get a car
MDL111 said:
Sure - a black one at the southern Porsche dealer in Munich and a silver one at Porsche Inntal - from memory now at c 680k and 640k euros. I think the black one was at c 740k last winter and the silver one had various prices, I think in the high 600s and low 700s
Thing is, especially for the cgt (and to a lesser extent the 4.0) people have been putting up cars for dreamer amounts both in the continent and here in the UK. The fact that they have come down in asking prices from silly numbers doesn't really mean the market has shifted recently. Imo the cgt market has stalled around mid £500 ish k for a while already given what happened in the last couple of auctions iirc.isaldiri said:
MDL111 said:
Sure - a black one at the southern Porsche dealer in Munich and a silver one at Porsche Inntal - from memory now at c 680k and 640k euros. I think the black one was at c 740k last winter and the silver one had various prices, I think in the high 600s and low 700s
Thing is, especially for the cgt (and to a lesser extent the 4.0) people have been putting up cars for dreamer amounts both in the continent and here in the UK. The fact that they have come down in asking prices from silly numbers doesn't really mean the market has shifted recently. Imo the cgt market has stalled around mid £500 ish k for a while already given what happened in the last couple of auctions iirc.Gassing Station | Porsche General | Top of Page | What's New | My Stuff