Lots of brand new Porsches immediately available

Lots of brand new Porsches immediately available

Author
Discussion

911hope

2,691 posts

26 months

Friday 17th March 2023
quotequote all
There are a bunch of 2023 registered cars also advertised, with negligable mileage.

For example there are 9 911 cars.. of course they are over-optioned and priced accordingly.

Even some GT3s... obviously with huge premium over list.






Dimebars

897 posts

94 months

Friday 17th March 2023
quotequote all
911hope said:
There are a bunch of 2023 registered cars also advertised, with negligable mileage.

For example there are 9 911 cars.. of course they are over-optioned and priced accordingly.

Even some GT3s... obviously with huge premium over list.
Over optioned in your eyes

911hope

2,691 posts

26 months

Friday 17th March 2023
quotequote all
Dimebars said:
911hope said:
There are a bunch of 2023 registered cars also advertised, with negligable mileage.

For example there are 9 911 cars.. of course they are over-optioned and priced accordingly.

Even some GT3s... obviously with huge premium over list.
Over optioned in your eyes
Well yes.. waste of money..typically an extra £25k of bits and bobs.

Porsche are very good at telling folk.they need this stuff.

Edited by 911hope on Friday 17th March 14:05

neilf

831 posts

111 months

Friday 17th March 2023
quotequote all
It may be that we see more available.

Brief chat with my OPC last week, said they’d been informed they would see an approx 20% uplift in new car allocations this year. Lots of work in the background to get delivery times back to 3-6mths as Porsche were starting to experience an increase in cancelled orders with people getting bored of waiting 12-18mths.

Schuey_911

817 posts

72 months

Saturday 18th March 2023
quotequote all
neilf said:
It may be that we see more available.

Brief chat with my OPC last week, said they’d been informed they would see an approx 20% uplift in new car allocations this year. Lots of work in the background to get delivery times back to 3-6mths as Porsche were starting to experience an increase in cancelled orders with people getting bored of waiting 12-18mths.
Oh dear, I hope this is not the start of Porsche trying to become the next BMW! frown

bad company

18,574 posts

266 months

Saturday 18th March 2023
quotequote all
Schuey_911 said:
Oh dear, I hope this is not the start of Porsche trying to become the next BMW! frown
Why do you hope that?

911hope

2,691 posts

26 months

Saturday 18th March 2023
quotequote all
neilf said:
It may be that we see more available.

Brief chat with my OPC last week, said they’d been informed they would see an approx 20% uplift in new car allocations this year. Lots of work in the background to get delivery times back to 3-6mths as Porsche were starting to experience an increase in cancelled orders with people getting bored of waiting 12-18mths.
There are 141 new cars on Porsche UK's site, plus 75 2023 registered cars. Some of these have less than 10 miles.

So increasing availability, all of a sudden.

The VW group annual report shows Porsche sales up 5.5%, with production up 19% in 2022.

While this should improve supply, it would seem that something else is going on, since there have been huge backlogs reported.
Surely this backlog should have been able to mop up the additional production!

So there must be some other factors at play, leading to cancellations.

Interest rates are at 11% for new cars, which may drive some cancellations.
Cost of living crisis may drive some cancellations.
There may be some general drop off in demand in some markets(regions), leading to more allocation for UK.
There may be cancellations of speculative orders (people ordering believing they can sell used at a profit), as new supply improves.

Hopefully, we are approaching a time when used cars are actually cheaper than new ones and a new one can be ordered and delivered within 6 months.


Vroomer

Original Poster:

1,866 posts

180 months

Saturday 18th March 2023
quotequote all
I think the explanation is different.

Almost without exception, the immediately available cars are massively over-specced (many have £20k+ in options).

I think Porsche have a new marketing ploy: wait 12 months for the car you want, or get one immediately if you're prepared to pay way over the odds.

911hope

2,691 posts

26 months

Saturday 18th March 2023
quotequote all
Vroomer said:
I think the explanation is different.

Almost without exception, the immediately available cars are massively over-specced (many have £20k+ in options).

I think Porsche have a new marketing ploy: wait 12 months for the car you want, or get one immediately if you're prepared to pay way over the odds.
I'm sure they will try this as much as they can, but there has to be a limit to the number of stupid customers available.

If new lead times do come down, the over-spec rip-off model will falter.

Chamon_Lee

3,793 posts

147 months

Saturday 18th March 2023
quotequote all
Vroomer said:
I think the explanation is different.

Almost without exception, the immediately available cars are massively over-specced (many have £20k+ in options).

I think Porsche have a new marketing ploy: wait 12 months for the car you want, or get one immediately if you're prepared to pay way over the odds.
also seems odd they didn't have enough chips for basics like LED headlights and then decided to throw 20k of crap on to a bunch of cars. very odd

911hope

2,691 posts

26 months

Monday 20th March 2023
quotequote all
911hope said:
neilf said:
It may be that we see more available.

Brief chat with my OPC last week, said they’d been informed they would see an approx 20% uplift in new car allocations this year. Lots of work in the background to get delivery times back to 3-6mths as Porsche were starting to experience an increase in cancelled orders with people getting bored of waiting 12-18mths.
There are 141 new cars on Porsche UK's site, plus 75 2023 registered cars. Some of these have less than 10 miles.

So increasing availability, all of a sudden.

The VW group annual report shows Porsche sales up 5.5%, with production up 19% in 2022.

While this should improve supply, it would seem that something else is going on, since there have been huge backlogs reported.
Surely this backlog should have been able to mop up the additional production!

So there must be some other factors at play, leading to cancellations.

Interest rates are at 11% for new cars, which may drive some cancellations.
Cost of living crisis may drive some cancellations.
There may be some general drop off in demand in some markets(regions), leading to more allocation for UK.
There may be cancellations of speculative orders (people ordering believing they can sell used at a profit), as new supply improves.

Hopefully, we are approaching a time when used cars are actually cheaper than new ones and a new one can be ordered and delivered within 6 months.
Looks like these over-specified/priced 2023 used cars are not exactly selling like hot cakes. 74 of the 75 are still on sale.

150 new ones advertised.

Perhaps the customer appetite for paying premium prices has diminished.



bennno

11,634 posts

269 months

Monday 20th March 2023
quotequote all
911hope said:
Looks like these over-specified/priced 2023 used cars are not exactly selling like hot cakes. 74 of the 75 are still on sale.

150 new ones advertised.

Perhaps the customer appetite for paying premium prices has diminished.
Be a bit more specific re new cars.....

0 718
0 911
3 Macan
19 Taycan
35 Panamera
93 Cayenne

That says to be theres a challenge shifting Cayenne, Panamera and Taycan's.

The Macans are all dripping in [over]spec - or they'd have gone.


ChrisW.

6,299 posts

255 months

Monday 20th March 2023
quotequote all
I wonder if any of them were ordered to support the allocation of a GT car ???


Cheib

23,245 posts

175 months

Monday 20th March 2023
quotequote all
neilf said:
It may be that we see more available.

Brief chat with my OPC last week, said they’d been informed they would see an approx 20% uplift in new car allocations this year. Lots of work in the background to get delivery times back to 3-6mths as Porsche were starting to experience an increase in cancelled orders with people getting bored of waiting 12-18mths.
My OPC was told that a few months ago…they’ve hired new Sales Execs and are doubling the size of their new car showroom having only built it three years ago. I don’t think it’s about bringing wait lists down although that is a consequence (that’s what they might have been told) it’s about growing sales because they were IPO’d last year….look what happened to Ferrari sales volumes when they were listed.

Jeremy-75qq8

1,013 posts

92 months

Tuesday 21st March 2023
quotequote all
Not really sure what the “ sales execs” do other than take orders

Porsche have a configurator and personally I would love it if there was a buy button and they just deliver it. Save al thd dealer cost

They now want the showroom “ to be a destination “ thd marketing fairy has got involved. Porsche reading gave me lunch the other week. Lovely but why ? That is what pret is for

First Sea Lord

1,157 posts

179 months

Tuesday 21st March 2023
quotequote all
Jeremy-75qq8 said:
Not really sure what the “ sales execs” do other than take orders

Porsche have a configurator and personally I would love it if there was a buy button and they just deliver it. Save al thd dealer cost

They now want the showroom “ to be a destination “ thd marketing fairy has got involved. Porsche reading gave me lunch the other week. Lovely but why ? That is what pret is for
I get your point, but for many buying a Porsche is an experience and people do want advice on how to spec.

One could follow your logic and say "Porsche. Lovely, but why? That's what a Toyota's for"

Edited by First Sea Lord on Tuesday 21st March 16:57

garypotter

1,502 posts

150 months

Tuesday 21st March 2023
quotequote all
looking on the official porsche website it surprises me how many 911 for sale already have 3 owners and not even a year old and under 800 miles - why? are they bad cars???

Lagom

544 posts

62 months

Tuesday 21st March 2023
quotequote all
First Sea Lord said:
I get your point, but for many buying a Porsche is an experience and people do want advice on how to spec.
Factory Collection. Now that is an experience cool

Vroomer

Original Poster:

1,866 posts

180 months

Monday 27th March 2023
quotequote all
Now 150 new cars – including three x 911

bad company

18,574 posts

266 months

Monday 27th March 2023
quotequote all
Vroomer said:
Now 150 new cars – including three x 911
There’s a very nice Cayman there as well. scratchchin