10% increase across the board for 2024: rumor or truth?
03-19-2023, 08:06 PM
#1
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10% increase across the board for 2024: rumor or truth?
I keep hearing of 10% on base price and options and 20% increase on paint.
Last edited by cosmos; 03-19-2023 at 08:08 PM.
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03-21-2023, 01:07 PM
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Powell is not the problem .Political correctness and adoption of victimhood mind set is the problem , so another Fed chair would have done the same
why ?
because as a country we adopted the concept that no body is allowed to have pain or consequences to their actions and that includes people from all economic backgrounds
even wall street is not allowed to crash
economy can't go into recession because too many people will suffer
and the party keeps going on until we run out of money or the world looks at us from a different perspective
so enjoy the party as long as it lasts
why ?
because as a country we adopted the concept that no body is allowed to have pain or consequences to their actions and that includes people from all economic backgrounds
even wall street is not allowed to crash
economy can't go into recession because too many people will suffer
and the party keeps going on until we run out of money or the world looks at us from a different perspective
so enjoy the party as long as it lasts
03-20-2023, 01:01 AM
#2
I don’t know specifically but Porsche did publicly say they intended to increase profit margin’s significantly in the last week or two
https://newsroom.porsche.com/en_US/2...ort-31543.html
https://newsroom.porsche.com/en_US/2...ort-31543.html
03-20-2023, 01:02 AM
#3
We went public, order book is full for 18-24 months, dealers are charging ridiculous adm. we want a much bigger slice of that …
03-20-2023, 01:11 AM
#4
Race Car
Imagine how much more they make if they simply doubled their PTS capacity. Porsche buyers can’t resist PTS.
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03-20-2023, 11:27 AM
#6
Porsche only made about 2,900 992 GT3's for the U.S.
I guess this never occurred to the Anti-ADM crowd who have been calling for a world economic collapse
for the last year that brings GT cars back down to MSRP. - - - So you're saying that MSRP on a GT3 goes up another $16,700?
Who knew?
lol
Last edited by Diablo Dude; 03-20-2023 at 11:46 AM.
03-20-2023, 01:00 PM
#7
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Wait?!?!
Of you inject $3+ trillion into the bottom quartile of the economy (on top of wage increases) it causes inflation?
who would have thought?
Of you inject $3+ trillion into the bottom quartile of the economy (on top of wage increases) it causes inflation?
who would have thought?
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03-20-2023, 01:11 PM
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Makes sense.
Porsche only made about 2,900 992 GT3's for the U.S.
I guess this never occurred to the Anti-ADM crowd who have been calling for a world economic collapse
for the last year that brings GT cars back down to MSRP. - - - So you're saying that MSRP on a GT3 goes up another $16,700?
Who knew?
lol
Porsche only made about 2,900 992 GT3's for the U.S.
I guess this never occurred to the Anti-ADM crowd who have been calling for a world economic collapse
for the last year that brings GT cars back down to MSRP. - - - So you're saying that MSRP on a GT3 goes up another $16,700?
Who knew?
lol
03-20-2023, 01:18 PM
#9
03-20-2023, 08:46 PM
#11
Burning Brakes
My RS commission date was was 11/15 - change freeze point was 2/6 - estimated del to dealer was 4/7 / After I was approved on my CXX built it added 60 days. Today I was told my car Is delayed to July making it a 2024. How ever pricing was locked In at 2023 prices and 2024 will be 3-5% higher. That makes my car arriving in Sept or Oct. sport tec shortage. Lol. I pre traded my 992 GT3 back in Nov so 1 year with no car 🤦🏼♂️
This car better be what it’s all being made out to be as I am pissed. Really Pissed.
This car better be what it’s all being made out to be as I am pissed. Really Pissed.
03-21-2023, 02:44 AM
#12
Anyone else in a day job where you can't raise your prices but you have to sit around watching everything else go up in astronomical chunks
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03-21-2023, 12:05 PM
#13
The price increases by Frito-Lay over the last two years are absurd. And the "downsizing" of a bag of potato chips to 8 ounces for $4.99 is a joke.
I have several cats and go through a ton of Kitty Litter. It's currently up to $10.99 for a 20 pound box that used to be $7.99
Dont even get me started on dry cat food prices . . . if you can even find a bag on the shelves.
Jerome Powell will go down as the worst FRB Chairman in U.S. history.
By the time that he got around to figuring out that inflation was no longer transitory, it was December of 2021 and the CPI was already at 7.0%
And of course, he didnt start raising rates until March of 2023 and even then, it was only in 25 basis point increments.
Now, we are seeing the Fed asleep at the wheel when it comes to banks that have mismatched their assets/liabilities.
No one gave a damn about duration risk.
And we got "stuck" with Powell because Trump said that he needed a "tall" Fed Chairman.
Janet Yellen is only 5-02.
Powell is 5-10.
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03-21-2023, 12:16 PM
#14
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It's amazing to watch how a "party" size bag of chips now retails for $6.99 at my local Safeway grocery store.
The price increases by Frito-Lay over the last two years are absurd. And the "downsizing" of a bag of potato chips to 8 ounces for $4.99 is a joke.
I have several cats and go through a ton of Kitty Litter. It's currently up to $10.99 for a 20 pound box that used to be $7.99
Dont even get me started on dry cat food prices . . . if you can even find a bag on the shelves.
Jerome Powell will go down as the worst FRB Chairman in U.S. history.
By the time that he got around to figuring out that inflation was no longer transitory, it was December of 2021 and the CPI was already at 7.0%
And of course, he didnt start raising rates until March of 2023 and even then, it was only in 25 basis point increments.
Now, we are seeing the Fed asleep at the wheel when it comes to banks that have mismatched their assets/liabilities.
No one gave a damn about duration risk.
And we got "stuck" with Powell because Trump said that he needed a "tall" Fed Chairman.
Janet Yellen is only 5-02.
Powell is 5-10.
The price increases by Frito-Lay over the last two years are absurd. And the "downsizing" of a bag of potato chips to 8 ounces for $4.99 is a joke.
I have several cats and go through a ton of Kitty Litter. It's currently up to $10.99 for a 20 pound box that used to be $7.99
Dont even get me started on dry cat food prices . . . if you can even find a bag on the shelves.
Jerome Powell will go down as the worst FRB Chairman in U.S. history.
By the time that he got around to figuring out that inflation was no longer transitory, it was December of 2021 and the CPI was already at 7.0%
And of course, he didnt start raising rates until March of 2023 and even then, it was only in 25 basis point increments.
Now, we are seeing the Fed asleep at the wheel when it comes to banks that have mismatched their assets/liabilities.
No one gave a damn about duration risk.
And we got "stuck" with Powell because Trump said that he needed a "tall" Fed Chairman.
Janet Yellen is only 5-02.
Powell is 5-10.
BTW - Powell was originally nominated by Obama.
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03-21-2023, 12:26 PM
#15
I agree that Powell is the worst Chairman in my lifetime but would also extend that assessment to the entire FOMC. They were late to raise rates and now they are doing it so quickly and too much that it is causing bank failures. They are over correcting.
BTW - Powell was originally nominated by Obama.
BTW - Powell was originally nominated by Obama.
That was a big mistake. And Trump's buyer's remorse was evident rather quickly when he started publicly pissing all over Powell in August of 2019 for his "horrendous lack of vision".
PS. The bank failures are a result of not "normalizing" interest rates and allowing banks that hold bonds to maturity (HTM) to not have to factor in losses when totaling regulatory capital.
Regionals have it even easier, since they dont have to recognize unrealized losses, even for "available for sale" (AFS) assets in their capital accounts. This is why the Regionals like First Republic are getting hammered.
Former Fed Governor (Kansas City Fed) and current FDIC Director Thomas Hoenig warned about this years ago given the low interest rate environment and nobody's interest in "normalizing" rates to change the behavior of banks, but nobody cared.Regulators and bank risk managers only looked at risk-weighted capital, ie. credit risk, and not duration risk.
Big mistake.