Cayman S sales, poor or not?
Cayman S sales, poor or not?
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Discussion

mikeyboy

Original Poster:

5,018 posts

263 months

Tuesday 18th April 2006
quotequote all
I've noticed on a couple of posts that people seem to think the Cayman S isn't selling very well.
Is this all anecdotal or does anyone have any figures to back it up.

From my own pov it does seem odd that in the 7 months its been out I've seen just 3 off of a forecourt.

Also these clutch problems people seem to be having, how many has it affected and will it damage sales (further?)

Mikeyboy

pikey

7,704 posts

312 months

Tuesday 18th April 2006
quotequote all
Not sure I would agree with that.

If you place an order now, you'd be looking at about 6 months before delivery due to the waiting list and places available. Therefore it sounds like the dealers are selling all the slots they have. We looked at buying a new Micra at the weekend and were told it'll be 1 to 2 weeks!

I've had mine for 2 months now and the only one I've seen was in France (and that was on German plates!). That's NONE in the UK!!

The clutch problems are affecting a small number of cars, the root cause has been identified and rectified and any cars that are affected are being fixed at no charge. Can't see how this would have any impact on sales.

Also, have a look at the price of second hand ones, they're holding strong - something that wouldn't happen if there was a problem with the sales numbers or the public's desire for the car.

By the way, did you know that 70% of Porsche sales are 911s...

nevetas

508 posts

259 months

Tuesday 18th April 2006
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Saw one in colchester on Saturday.

It followed me all the way to the OPC, then turned out to be a test drive.

Asterix

24,438 posts

256 months

Tuesday 18th April 2006
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I thought the Cayenne was the top seller now?

pikey

7,704 posts

312 months

Tuesday 18th April 2006
quotequote all
los angeles said:
... Nissan with the 350Z, the two cars at which Porsche are aiming.

In the UK, the Cayman is about 50k and the 350z about 35k (assuming similar options).

Bit heavy for Porsche to be aiming for the 350z customers then?

mikeyboy

Original Poster:

5,018 posts

263 months

Tuesday 18th April 2006
quotequote all
pikey said:


I've had mine for 2 months now and the only one I've seen was in France (and that was on German plates!). That's NONE in the UK!!



By the way, did you know that 70% of Porsche sales are 911s...


As I said its all fairly anecdotal and not my belief just an observation. And as I pointed out before one of those three cars was yours Pikey.

The reason I am asking is that even if a waiting list is X months long it is unusual not to see a number of cars from the initial build around and about. The 997 is after all pretty plentiful around my way.

Second hand values do not give a true indication of the numbers sold either.
First the porsche dealers seem to have an awful lot of ex-demonstators for sale for one indicating that they had few takers wanting one right now with no-waiting. Second if volume were the sole indicator of how the second hand value of a car is determined then all BMW 3 series would be cheaper 2nd hand than a Mondeo (which they outsell.)In other words the Caymans could be holding value due to them being Porsches.

erm yes I did know about the 911 thing. Not the most profitable model though as we all know.

>> Edited by mikeyboy on Tuesday 18th April 13:44

rumplestiltskin

1,084 posts

250 months

Tuesday 18th April 2006
quotequote all
Actually having read this I realised I have only seen 2 on the road in the last 6 months. Thought I would see a lot more down here in leafy Surrey.
I am sure they are selling well, but maintain its too expensive. I think the non S will sell better, even though it will be slower.

R.

rob05

1,194 posts

256 months

Tuesday 18th April 2006
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I spoke to a guy at opc newcastle who was trying his best to convince me to have one.Yes through the usual porsche channels its the usual six months wait,but there are loads of cancelled orders and if you reall wanted one i'm sure you have one within a couple of weeks.
If you look in the trader there are bucket loads for sale all at the 42-49kk mark and beyond.
My opinion has'nt changed about this car,its overpriced and to similar to the boxster s and thats why its a slow mover.
Great car it maybe but i suspect it will be more in demand as a used buy in a few years than it is today.

mikeyboy

Original Poster:

5,018 posts

263 months

Tuesday 18th April 2006
quotequote all
rumplestiltskin said:

I am sure they are selling well, but maintain its too expensive. I think the non S will sell better, even though it will be slower.

R.

I'm not so sure,I can't see how the non-S would work in competition with a Boxtser S, its going to be roughly the same price but appreciably slower. I just think that they (porsche)have miscalculated with the pricing of the Cayman and also been hit by reviews that say its the same car and normally would be cheaper. People don't like to be taken for fools.

As I said though this is all anecdotal and I would be curious to see the figures. If the're that poor I wouldn't be surprised to see the prices being rationalised.

rob05

1,194 posts

256 months

Tuesday 18th April 2006
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I supose not seeing any around is'nt such a bad thing anyway,if you own one that is.

dsgv6

138 posts

249 months

Tuesday 18th April 2006
quotequote all
I was flashed by another guy in his Cayman when he saw me (in mine!) coming the other way down here in the Cotswolds on Friday. Both of us in Silver too!

It would have been the perfect Doppleganger except the other guy had some hair

Comment i'd add is how many peeps will pay circa £50K for a 2 seater?

pikey

7,704 posts

312 months

Tuesday 18th April 2006
quotequote all
mikeyboy said:
Second hand values do not give a true indication of the numbers sold either.

First the porsche dealers seem to have an awful lot of ex-demonstators for sale for one indicating that they had few takers wanting one right now with no-waiting.

Second if volume were the sole indicator of how the second hand value of a car is determined then all BMW 3 series would be cheaper 2nd hand than a Mondeo (which they outsell.)In other words the Caymans could be holding value due to them being Porsches.


I was referring to supply & demand. Not enough to go round so second hand values aren't plummeting. Noone wanted them, there would be far more around and the second hand prices would be lower.

Quite sure you're right about buying a cancelled order quickly, but if it was me a cancelled order would feel like a second hand car. I wanted to spec mine and would be quite happy to wait 6 months than buy someone elses.

Speculators getting burnt makes me chuckle

rob05

1,194 posts

256 months

Tuesday 18th April 2006
quotequote all
I agree pikey if for nothing else i'm glad that the quick profit boys out there got their sums wrong for once.

Asterix

24,438 posts

256 months

Tuesday 18th April 2006
quotequote all
This is interesting - I was told today by the dealer that they've delivered over 30 Caymans so far in Dubai (pop. 1,2m ish). Now, I'm not sure exactly when it was launched here, possibly a fair bit later than Europe and the States. On the other hand, I haven't seen that many 987Ss on the road either, a handfull at most.

Another aspect that might be relevant is the fact that the list price in Dubai of AED 199,999 equates to £30,750 (approx) and as mentioned on another thread, I could spec one up without worrying about penny pinching and the total cost will only be about £36k - this suddenly makes the car seem extremely good value for money. It is certainly worth £36k in anyones book.

To be honest - it was at full UK prices I couldn't justify the cost - I don't think it's worth £50k, however, I currently have to cars that were bought for virtually the same price combined as a new Cayman and given the waiting time, I'd be in a position to save plenty more cash and reduce the monthly finance payments to less than I'm paying now for the other two cars.

I just need to find the initial cash for the order deposit and I think I'll shortly be embarking on my first journey of Porsche ownership.

>> Edited by Asterix on Tuesday 18th April 14:19

mikeyboy

Original Poster:

5,018 posts

263 months

Tuesday 18th April 2006
quotequote all
rob05 said:
I agree pikey if for nothing else i'm glad that the quick profit boys out there got their sums wrong for once.


So do I, certainly on 'Trader there are lots of "06 car available now, at list price" which I suppose they were hoping would have read as "at 2k over list"

As to Pikey saying that people like to spec there own car He's spot on. That though still doesn't explain why there are so many demonstrators for sale. there weren't as many Boxsters or Ss for sale through the dealers at the same point in their cycle.

I guess I'm asking because I wanted to get one this year, IF though they sell so badly they reduce the price or, more likely, hold the price and bump up the Boxster prices I don't want to get caught out in the subsequent depreciation spiral.

I think Porsche also must have regretted allowing Clarkson to test drive one. A lot of people watch that show and when he signs off by saying "why would you pay 5k more for one" a lot of people begin to believe him whether its a good point or not.

AndrewD

7,657 posts

312 months

Tuesday 18th April 2006
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Perhaps buyers are tempted by a second hand GT3 for the same price?

rob05

1,194 posts

256 months

Tuesday 18th April 2006
quotequote all
I think at 36k there would have been a 3 year waiting list which i would have been on.I remember when i bought my 987 s this time last year,after a month i'd lost interest in the car and i woundered why i didnt buy a 911 instead,anyway with a thousand miles on the clock i sold it back to the dealer at at 1.3k loss.I wounder if i'd be in the same position now if i had the cayman?
Having said that i probably would have kept the cayman.

paracetamol

4,267 posts

272 months

Tuesday 18th April 2006
quotequote all
Asterix said:
This is interesting - I was told today by the dealer that they've delivered over 30 Caymans so far in Dubai (pop. 1,2m ish). Now, I'm not sure exactly when it was launched here, possibly a fair bit later than Europe and the States. On the other hand, I haven't seen that many 987Ss on the road either, a handfull at most.

Another aspect that might be relevant is the fact that the list price in Dubai of AED 199,999 equates to £30,750 (approx) and as mentioned on another thread, I could spec one up without worrying about penny pinching and the total cost will only be about £36k - this suddenly makes the car seem extremely good value for money. It is certainly worth £36k in anyones book.

To be honest - it was at full UK prices I couldn't justify the cost - I don't think it's worth £50k, however, I currently have to cars that were bought for virtually the same price combined as a new Cayman and given the waiting time, I'd be in a position to save plenty more cash and reduce the monthly finance payments to less than I'm paying now for the other two cars.

I just need to find the initial cash for the order deposit and I think I'll shortly be embarking on my first journey of Porsche ownership.

>> Edited by Asterix on Tuesday 18th April 14:19



I dont think they really like convertibles in Dubai (its too hot to drive with the roof down). Also, they are not short of a dirham or 2....so the Cayman should do well as price is less of a factor...for me (in the UK) I love everything about the car but it should be say £38k with all the choice options-not £50k.

Asterix

24,438 posts

256 months

Tuesday 18th April 2006
quotequote all
I agree to a point, however... I've been driving a roadster for over a year now and from October to about nowish, I've had the top down at every opportunity - I'll have the top down in the evenings for another few weeks and then the humidity starts to kick in and then it'll stay up untill the autumn again. Plenty others do too.

But I'm also not that bothered if I lose the rag top and if the car is designed as a coupe then so be it. I thin kit's a combination of no VAT or car tax and the Dirham linked to the $ that provides the exceptional value that we get here - also, high performance cars aren't punished at the pumps as it's 23p a litre as it stands.

On the flip side, there's no decent roads for 2hrs in any direction.

Adam B

29,646 posts

282 months

Tuesday 18th April 2006
quotequote all
my theory is these have not sold well so most of the stock is ex-demo or in the OPC network

residuals kept up as most of the supply therefore controlled by OPCs

was great to see all the speculators take a bath on this one

>> Edited by Adam B on Tuesday 18th April 18:05