Lots of brand new Porsches immediately available
Discussion
Chemical Ali said:
The average length of time between peak interest rates and the almost inevitable recession is 11 months, according to us analysis. Given the state of the world and possible imminent rise in fuel prices that may be sooner.
It is very possible we are at the beginning of financial issues not near the end.
Given Jeremy Hunt is on record as saying a recession might be necessary to deal with inflation (which is proving robust) I think this is almost a base case scenario now.It is very possible we are at the beginning of financial issues not near the end.
Cheib said:
Chemical Ali said:
The average length of time between peak interest rates and the almost inevitable recession is 11 months, according to us analysis. Given the state of the world and possible imminent rise in fuel prices that may be sooner.
It is very possible we are at the beginning of financial issues not near the end.
Given Jeremy Hunt is on record as saying a recession might be necessary to deal with inflation (which is proving robust) I think this is almost a base case scenario now.It is very possible we are at the beginning of financial issues not near the end.
Porsche have done a great job of stradling mass market and presitige. They are looking very much mass market at the moment.
Actus Reus said:
GTSjohn said:
So, was someone saying there seem to be a lot of new Porsches available at OPCs??
Nah, don't think so mate...Seriously I'm sitting and watching the market and watching good cars come and go in anticipation of the used market heading South soon, but perhaps the adjustment has already happened? Certainly there are nice 718 GT4s now in the high 70s/low 80s that cost their original owners 90+. Indeed it's those cars that seem to me to have taken the biggest kicking (ignoring Taycans). Will they drop further? Pretty soon 981 GT4 and 718 GT4 are going to overlap if they do.
As 90% of porsches are bought on the never never finance its no surprise high interest rates have halted sales and stock is piling up like no 2moz.
Porsche will have to stimulate sales which inevitably means big discounts and the knock on effect of bigger depreciation on used cars.
Porsche has never built so many cars so it's going to be carnage for the brand unless managed carefully.
Reality is there are far too many porsches built these days
Porsche will have to stimulate sales which inevitably means big discounts and the knock on effect of bigger depreciation on used cars.
Porsche has never built so many cars so it's going to be carnage for the brand unless managed carefully.
Reality is there are far too many porsches built these days
Nuttbelle said:
As 90% of porsches are bought on the never never finance its no surprise high interest rates have halted sales and stock is piling up like no 2moz.
Porsche will have to stimulate sales which inevitably means big discounts and the knock on effect of bigger depreciation on used cars.
Porsche has never built so many cars so it's going to be carnage for the brand unless managed carefully.
Reality is there are far too many porsches built these days
I'd rather discounts than finance incentives tbh. The latter just allows those same people to carry on buying them on the never never, whereas actual price reductions might allow us to pick up a bargain Porsche will have to stimulate sales which inevitably means big discounts and the knock on effect of bigger depreciation on used cars.
Porsche has never built so many cars so it's going to be carnage for the brand unless managed carefully.
Reality is there are far too many porsches built these days
Edited by rawenghey on Wednesday 18th October 15:40
For the units to keep flowing the new car needs to become a second car then third hand and so on. Most of Porsche offerings are aspirational luxury cars that are heavily financed. Interest rates are 11.4 atm, just checked. This make effective cost of ownership significantly more expensive IF current owners move on from their current car. If they stay with their 3 year pcp, which could have been below 6%, the cost does not rise, obviously.
The effect in US on the real estate of this has been a very low house sales market where people have stayed put enjoying cheap rates agreed years ago. Stock is low as a result, but new purchasers cant afford the new rates so demand is low. The market has shrunk.
If a similar effect is happening to Porsche then keep pumping new stock in will serve to collapse the price and brand but wont sell more cars unless prices drop massively. Its an affordability issue.
The effect in US on the real estate of this has been a very low house sales market where people have stayed put enjoying cheap rates agreed years ago. Stock is low as a result, but new purchasers cant afford the new rates so demand is low. The market has shrunk.
If a similar effect is happening to Porsche then keep pumping new stock in will serve to collapse the price and brand but wont sell more cars unless prices drop massively. Its an affordability issue.
New ( nearly new only 44 miles) GT 4RS under list although maybe 23MY but still cheaper than a new car ordered today.
https://finder.porsche.com/gb/en-GB/details/porsch...
Seems to have all the right extras as well, how long before they are below £150k?
https://finder.porsche.com/gb/en-GB/details/porsch...
Seems to have all the right extras as well, how long before they are below £150k?
Edited by GT4P on Thursday 19th October 08:50
DJMC said:
516 Taycans!!!
Electric is dead.
Only 9 Macans? Is that because they're flying off the shelves and are now ahead of the Cayenne as the most popular Porsche?
Why else would there be so few?
Because they are cheaper, because the cayenne is being replaced, because they are less of a luxury purchase and more of a family car.Electric is dead.
Only 9 Macans? Is that because they're flying off the shelves and are now ahead of the Cayenne as the most popular Porsche?
Why else would there be so few?
GT4P said:
New ( nearly new only 44 miles) GT 4RS under list although maybe 23MY but still cheaper than a new car ordered today.
https://finder.porsche.com/gb/en-GB/details/porsch...
Seems to have all the right extras as well, how long before they are below £150k?
You got me excited there. It’s nearly £30k over.https://finder.porsche.com/gb/en-GB/details/porsch...
Seems to have all the right extras as well, how long before they are below £150k?
Edited by GT4P on Thursday 19th October 08:50
It's certainly a weird situation... I reckon with Taycan if Porsche were able to engineer the finance to make them extremely affordable on PCP they would fly out.... Something like:
the finance calculator:
Enter details below:
1) Price: 100000
2) Deposit: 12000
3) Dealer Contribution: 6000
4) Part Exchange Value: 0
5) Amount of the loan: 82000
6) Final Payment/GMFV: 60000
7) Annual percentage interest rate: 0.1 ( couldn't put zero!)
8) Repayment period in months: 36
Monthly Total Interest
617.05 213.8
Obviously they'd be losing their shirt on the GFV, but something like this would certainly help shift them... As things currently stand only a lunatic would volunteer for a new Taycan however it's paid for!
the finance calculator:
Enter details below:
1) Price: 100000
2) Deposit: 12000
3) Dealer Contribution: 6000
4) Part Exchange Value: 0
5) Amount of the loan: 82000
6) Final Payment/GMFV: 60000
7) Annual percentage interest rate: 0.1 ( couldn't put zero!)
8) Repayment period in months: 36
Monthly Total Interest
617.05 213.8
Obviously they'd be losing their shirt on the GFV, but something like this would certainly help shift them... As things currently stand only a lunatic would volunteer for a new Taycan however it's paid for!
Llew said:
It's certainly a weird situation... I reckon with Taycan if Porsche were able to engineer the finance to make them extremely affordable on PCP they would fly out.... Something like:
the finance calculator:
Enter details below:
1) Price: 100000
2) Deposit: 12000
3) Dealer Contribution: 6000
4) Part Exchange Value: 0
5) Amount of the loan: 82000
6) Final Payment/GMFV: 60000
7) Annual percentage interest rate: 0.1 ( couldn't put zero!)
8) Repayment period in months: 36
Monthly Total Interest
617.05 213.8
Obviously they'd be losing their shirt on the GFV, but something like this would certainly help shift them... As things currently stand only a lunatic would volunteer for a new Taycan however it's paid for!
So £6k off, bear cost of interest free finance, then a huge gap on the GFVthe finance calculator:
Enter details below:
1) Price: 100000
2) Deposit: 12000
3) Dealer Contribution: 6000
4) Part Exchange Value: 0
5) Amount of the loan: 82000
6) Final Payment/GMFV: 60000
7) Annual percentage interest rate: 0.1 ( couldn't put zero!)
8) Repayment period in months: 36
Monthly Total Interest
617.05 213.8
Obviously they'd be losing their shirt on the GFV, but something like this would certainly help shift them... As things currently stand only a lunatic would volunteer for a new Taycan however it's paid for!
Porsche more likely to pump these out on rental
bennno said:
So £6k off, bear cost of interest free finance, then a huge gap on the GFV
Porsche more likely to pump these out on rental
True - I don't think they'd want to damage perceived brand value by doing something like this anyway even if they would still make incredible margin (which I suspect they would).... That said pumping them out on rental doesn't exactly align with the word "prestige" either!Porsche more likely to pump these out on rental
bennno said:
Because they are cheaper, because the cayenne is being replaced, because they are less of a luxury purchase and more of a family car.
At circa £60K I suspect it probably a luxury purchase for most. A typical family car is probably a Hyundai Tuscon or similar at half the price.Gassing Station | Porsche General | Top of Page | What's New | My Stuff