Update from PCNA on supply constraints
02-02-2023, 04:29 PM
#16
Rennlist Member
The best I've been offered so far was $105k. The car is flawless, and has ppf, and full bucket seats. No CCB. And like I said 4k miles. I was hoping for close to 115.
As for the trade, I've been looking at 992 GT3 and 600LT. Both at factory dealers and neither one would give me over $105k for the GT4.
As for the trade, I've been looking at 992 GT3 and 600LT. Both at factory dealers and neither one would give me over $105k for the GT4.
02-02-2023, 04:45 PM
#17
November was still rainbows and unicorns in the used car market. The past few weeks have seen sharp declines in just about the entire market. Certain rare and in demand cars are still holding value (992 GT3...) but even those have fallen quite a bit. In October I couldn't find a single GT3 less than $320k. Right now there are a dozen less than $250k and willing to negotiate. GT4 list prices haven't fallen much, but trade-ins are super weak from what I've seen.
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02-02-2023, 04:47 PM
#18
MSRP in 2020 was $111k. I paid $130k cause I wanted one when I wanted one 
and I got my economics degree from crackerjack university. Don't get me wrong, I knew I would lose a bit, but $25k in a year was a bit surprising. I'm sure I can still get $115k on the open market on my own ...
and I got my economics degree from crackerjack university. Don't get me wrong, I knew I would lose a bit, but $25k in a year was a bit surprising. I'm sure I can still get $115k on the open market on my own ...
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02-02-2023, 05:14 PM
#19
MSRP in 2020 was $111k. I paid $130k cause I wanted one when I wanted one and I got my economics degree from crackerjack university. Don't get me wrong, I knew I would lose a bit, but $25k in a year was a bit surprising. I'm sure I can still get $115k on the open market on my own ...
and I got my economics degree from crackerjack university. Don't get me wrong, I knew I would lose a bit, but $25k in a year was a bit surprising. I'm sure I can still get $115k on the open market on my own ...This is the issue with ADM, it becomes all market dependent. Anything over MSRP is basically gambling on the market. In the general auto market, those who have paid over MSRP in the last couple of years are going to have A LOT of negative equity positions.
Yes, the GT4 is a little more isolated than most, but it is not immune.
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02-02-2023, 05:18 PM
#20
Rennlist Member
How the hell could it NOT be profitable with every car selling above MSRP with zero floor time, and MANY selling for tens and even hundreds of thousands above MSRP! I'd love to the the P&L statements for these sales departments. Great day to be Porsche dealers, that's for sure.
it the stealers that are extracting more profit from sales... not PCNA
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02-02-2023, 05:21 PM
#21
Rennlist Member
I suspect that a number of dealers are "factoring in" ADM into trade in values ... its a better way to hide ADM, this was my experience recently when offered a GT4RS, trade in on my GT3 w/ original MSRP of $186k and only 36xx mi was $130k! f**k that!
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josephr25 (02-03-2023)
02-02-2023, 10:17 PM
#22
Rennlist Member
I had a similar experience with a dealer outside my local area.
02-02-2023, 10:32 PM
#23
Rennlist Member
November was still rainbows and unicorns in the used car market. The past few weeks have seen sharp declines in just about the entire market. Certain rare and in demand cars are still holding value (992 GT3...) but even those have fallen quite a bit. In October I couldn't find a single GT3 less than $320k. Right now there are a dozen less than $250k and willing to negotiate. GT4 list prices haven't fallen much, but trade-ins are super weak from what I've seen.
02-02-2023, 10:53 PM
#24
I usually look on CarGuru cause it searches all the sites. There are a total of 59 718 GT4s for sale in the US which is actually not a lot.
02-02-2023, 11:09 PM
#25
Race Car
How is dropping from $320 to under $250 holding value? And that is so far.
02-03-2023, 12:17 AM
#26
Rennlist Member
02-03-2023, 01:03 PM
#27
Rennlist Member
Can confirm. My Cayman GTS 4.0 (at MSRP) is due in at the dealer shortly, but their trade-in on my 981S dropped $8K from 4/2022 to now, despite only a few thousand more miles on it.
02-03-2023, 01:24 PM
#28
Good point. It hasn't, but there is a ton of resistance at $250k. In an ideal world, I would trade in the GT4 + $100K to get a mildly used 992 GT3. But as it stands it looks like I may have to walking with closer to $140K.