Lots of brand new Porsches immediately available

[Ed.Neumann]

EC2 said:

Thanks for updating this. As I and a few others have said before, the crisis is likely now over. The economy is now expanding again, interest rates are likely to fall within the next six months and the best deals are now behind us.

I'm not sure if this is sarcasm or not?

I work with many businesses who are coming to the end of their business loans and are seeing rates jump from 3-4% apr to 8-12%.
Many are going to have to lay off staff or even call it a day.
They are still paying off Covid and will be for a few years yet, so certainly far from over, many would argue it is only just starting to hit a vast majority. People are worried about their residential mortgage rates, but commercial rates makes those look like nothing.

I think the big issue is many employees just don't realise what is coming and will be completely shocked. Even high level management, unless you're the owner or the accountant why would you know? Not many bosses tell you just how bad it is until the very last minute.

[EC2]

Gregmitchell said:

EC2 said:

Thanks for updating this. As I and a few others have said before, the crisis is likely now over. The economy is now expanding again, interest rates are likely to fall within the next six months and the best deals are now behind us.

On the flip side I still don’t get with sales down YTD why Porsche UK are persisting with the APR rates which they are and it would be interesting to know how many people are going elsewhere for finance which is an easy decision with no deposit contributions.

How is the crisis over, Interest rates haven't come down, mortgage rates are higher than they were 3 months ago, jobs are scarce, economy is expanding 0.1% or somethign daft with massaged numbers to avoid the word "recession", it's April, council tax billings up etc etc Large Bluechips still getting rid of staff like there's no tomorrow

The best selling Macan has its highest stock number for as long as i can remember, 450+ 911's in stock and all the Taycans pre-registered in a field.

That’s what makes a market. You obviously see the economy in a more bearish fashion than I do. Fair enough. We are certainly going into a period of low real economic growth as is most of Europe, Germany especially.

Even if the percentage falls YTD continue for Porsche UK for the full year it is still a good performance. Sure the 911 numbers are high but price rises allow discounting to shift them and the .2 transition will mop up some of the excess stock.

It is easy to find negative stories about the economy and it will not experience the real expansion it did from post early nighties recession to the financial crash of a decade and a a half ago but the worst is over IMHO.

[Cheib]

Gregmitchell said:

EC2 said:

Thanks for updating this. As I and a few others have said before, the crisis is likely now over. The economy is now expanding again, interest rates are likely to fall within the next six months and the best deals are now behind us.

On the flip side I still don’t get with sales down YTD why Porsche UK are persisting with the APR rates which they are and it would be interesting to know how many people are going elsewhere for finance which is an easy decision with no deposit contributions.

How is the crisis over, Interest rates haven't come down, mortgage rates are higher than they were 3 months ago, jobs are scarce, economy is expanding 0.1% or somethign daft with massaged numbers to avoid the word "recession", it's April, council tax billings up etc etc Large Bluechips still getting rid of staff like there's no tomorrow

The best selling Macan has its highest stock number for as long as i can remember, 450+ 911's in stock and all the Taycans pre-registered in a field.

Housing market is down too....flat to negative housing market normally sees discretionary spending reduce.

[EC2]

Cheib said:

Housing market is down too....flat to negative housing market normally sees discretionary spending reduce.

Housing market is off the bottom by anything from 1 to 4% points depending on which measure you look at. Consumer expenditure is the largest component of GDP and did take a kicking last year. We need to watch the stats this year to see if the recovery has really started.

[EC2]

Ed.Neumann said:

EC2 said:

Thanks for updating this. As I and a few others have said before, the crisis is likely now over. The economy is now expanding again, interest rates are likely to fall within the next six months and the best deals are now behind us.

I'm not sure if this is sarcasm or not?

I work with many businesses who are coming to the end of their business loans and are seeing rates jump from 3-4% apr to 8-12%.
Many are going to have to lay off staff or even call it a day.
They are still paying off Covid and will be for a few years yet, so certainly far from over, many would argue it is only just starting to hit a vast majority. People are worried about their residential mortgage rates, but commercial rates makes those look like nothing.

I think the big issue is many employees just don't realise what is coming and will be completely shocked. Even high level management, unless you're the owner or the accountant why would you know? Not many bosses tell you just how bad it is until the very last minute.

Not been sarcastic and agree with all your points. In fact 6-12 months ago I was very much in your camp but I think, overall, things are more resilient in the UK than I certainly expected. The economy is an average, inflation is falling, real wage growth is strong and interest rates will start dropping soon. Most indicators show a return to modest growth but it will not be the widespread money free for all that 2010 on gave us just a normal, weakly expanding economy. There are always winners and losers. As someone at the older end of the PH spectrum I have reigned some of my expenditure in and redirected some to to what I am more interested in buying. New cars are pretty boring now anyway.

[Gregmitchell]

EC2 said:

Ed.Neumann said:

EC2 said:

Thanks for updating this. As I and a few others have said before, the crisis is likely now over. The economy is now expanding again, interest rates are likely to fall within the next six months and the best deals are now behind us.

I'm not sure if this is sarcasm or not?

I work with many businesses who are coming to the end of their business loans and are seeing rates jump from 3-4% apr to 8-12%.
Many are going to have to lay off staff or even call it a day.
They are still paying off Covid and will be for a few years yet, so certainly far from over, many would argue it is only just starting to hit a vast majority. People are worried about their residential mortgage rates, but commercial rates makes those look like nothing.

I think the big issue is many employees just don't realise what is coming and will be completely shocked. Even high level management, unless you're the owner or the accountant why would you know? Not many bosses tell you just how bad it is until the very last minute.

Not been sarcastic and agree with all your points. In fact 6-12 months ago I was very much in your camp but I think, overall, things are more resilient in the UK than I certainly expected. The economy is an average, inflation is falling, real wage growth is strong and interest rates will start dropping soon. Most indicators show a return to modest growth but it will not be the widespread money free for all that 2010 on gave us just a normal, weakly expanding economy. There are always winners and losers. As someone at the older end of the PH spectrum I have reigned some of my expenditure in and redirected some to to what I am more interested in buying. New cars are pretty boring now anyway.

So things are looking better, but you've reigned in your spending.. confused.

[EC2]

Gregmitchell said:

So things are looking better, but you've reigned in your spending.. confused.

Typical PH, delving into the personal but I did leave the door ajar. One statement was more forward looking and the other, personal one, was more historic. No one knows where the economy is going but my view is it is improving. Didn't stop me spending less over the last year or so as a bit of prudency in tough times certainly with the geopolitical situation we have seen never hurt anyone.

[Cheib]

EC2 said:

New cars are pretty boring now anyway.

This is the reality.

Drive any model in the Porsche range and if you are totally objective the current cars are not really markedly better than the cars Porsche were making 5 years ago. Sure there are some areas where they are better but there are others where the old cars are superior or the difference is so small on any rational basis it is hard to justify the substantial five figure some required to get yourself behind the wheel of the newer car.

[EC2]

Cheib said:

EC2 said:

New cars are pretty boring now anyway.

This is the reality.

Drive any model in the Porsche range and if you are totally objective the current cars are not really markedly better than the cars Porsche were making 5 years ago. Sure there are some areas where they are better but there are others where the old cars are superior.

Yep, a 992 looks great and has a wonderful cabin but with the GPF sounds flat to my mind. Even a Cayman 4.0 GTS does not sound that great compared with cars that have gone before. I guess we are being well prepared for electrification!

[av185]

Later P cars with gpf external exhaust do not sound as good externally but the induction noises in the cabin across the rev range are far better which is what counts imo.

[Youforreal.]

av185 said:

Later P cars with gpf external exhaust do not sound as good externally but the induction noises in the cabin across the rev range are far better which is what counts imo.

Used to be the flat six howl and good zorst…..but as long as your happy.

[LamedonM]

Is it only exhaust noise? What about handling of the car which the modern cars are much better than their predecessors. Sometimes, the exhaust noise is a source of distraction when driving enthusiastically even on roads.

[Denno B]

So now that we are well into April do we think all these 911’s that have been sitting round for 6 months should start flying off the shelf?!

[Youforreal.]

LamedonM said:

Is it only exhaust noise? What about handling of the car which the modern cars are much better than their predecessors. Sometimes, the exhaust noise is a source of distraction when driving enthusiastically even on roads.

My car handles fantastically and way better than my talents can exploit, the f6 and exhaust on full chat is just music to my ears personally and far from distracting.

Luckily we all like different things.

[breadvan]

Denno B said:

So now that we are well into April do we think all these 911’s that have been sitting round for 6 months should start flying off the shelf?!

I must say, I was half expecting some sort of campaign as we entered April. I haven’t heard yet.

The 992.2 reveal can’t be far away now, it’s only going to get trickier….

[Cheib]

LamedonM said:

Is it only exhaust noise? What about handling of the car which the modern cars are much better than their predecessors. Sometimes, the exhaust noise is a source of distraction when driving enthusiastically even on roads.

Handling is subjective. The 992 I drove which was an early Carrera S felt more GT car than Sports car to me…we’re all different but I found it a bit dull.

I’d also say that some of the cabin materials in all the current cars are a step down from the previous cars.

[Sidsw]

sales numbers starting to drop globally.

[guyvert1]

-4% mainly due to China, percentages are up in Europe, so depends what you're focusing on !

[LamedonM]

Cheib said:

LamedonM said:

Is it only exhaust noise? What about handling of the car which the modern cars are much better than their predecessors. Sometimes, the exhaust noise is a source of distraction when driving enthusiastically even on roads.

Handling is subjective. The 992 I drove which was an early Carrera S felt more GT car than Sports car to me…we’re all different but I found it a bit dull.

I’d also say that some of the cabin materials in all the current cars are a step down from the previous cars.

The numbers do not lie. Track times and those that can drive to the limit of the cars say so as well. So these are not subjective but objective parameters.

[Cheib]

LamedonM said:

Cheib said:

LamedonM said:

Is it only exhaust noise? What about handling of the car which the modern cars are much better than their predecessors. Sometimes, the exhaust noise is a source of distraction when driving enthusiastically even on roads.

Handling is subjective. The 992 I drove which was an early Carrera S felt more GT car than Sports car to me…we’re all different but I found it a bit dull.

I’d also say that some of the cabin materials in all the current cars are a step down from the previous cars.

The numbers do not lie. Track times and those that can drive to the limit of the cars say so as well. So these are not subjective but objective parameters.

Unfortunately track times and driving a car on the limit are not relevant when you’re driving at 60 mph on a country road. You just can’t get anywhere near the latter in a modern 911 on the road. Cars are most exciting when they’re close to the edge of their performance envelope.

My 50 year old 911 won’t be anywhere near as quick as a 992 Carrera but I can tell you it’ll put a much bigger smile on your face on the road.