Ucube

Did the letter state whether the 17% production cutback was model-year specific? If not, then I'd think it's an overall reduction for '08, which would also include the '09 that's due out in the summer. That may be a response (at least in part) to the subprime/credit fallout and the U.S. dollar woes. Porsche isn't a volume manufacturer, so they'll simply pare supply in step with the anticipated demand decline in order to maintain their margin. The big-wigs don't want to see 10-15% discounts on new Porsches.

axhoaxho

The letter was referring to 2008.

And thanks for all the feedback, folks. They all have valid points.

With best regards,
- Alex 07 997S.

PBART

does anyone know what Porsche production numbers for 2007 were globally for 997's? how many turbos were made?? I will be trading in an 06 C2S for the turbo soon. Arctic Silver with sea blue 5075 miles, if anyone might have an interest.

The_Phantom

Wait, Porsche skipped a year of Cayennes? When was that?

Alan Smithee

The Porsche dealers' websites include all in-stock and in-bound cars, including those ordered with buyers waiting. I assure you there are not 62 new cars...including a GT3...sitting under a blanket of snow in CT while lots are empty in CA and FL.

ozcav

No 07s. 06 Cayennes were sold until almost mid 07 when the slightly facelifted with DFI 08s came out.

cvazquez

This is not surprising due to the economy and new credit requirements. A strategic plan IMO to relief unnecessary overstocks and keeps value/asking price well under control.

MrBonus

Seems like it's a bit too little, too late at this point.

RonCT

Don't know what to say, but yes, there are plenty of cars on the dealer lots as suggested. And yes, the GT3 is sitting in the showroom as evidenced by the photos and the note on the listing saying something like "Available for you to take home for Christmas" or something like that.

1 year ago when I was taking delivery, there were less than half that number "listed" in the network and there were so many cars on the lots I had my pick (if I didn't already order). I received 9.3% off MSRP on an ordered car and had offers as good as 12% off if I took something in stock (that offer from more than one dealer). And today, there are twice as many listed.

So I don't know what to say about those listings of 60+ cars from a handful of dealers and how many are spoken for. But all are listed as "for sale" and many include photos of the car on the lot or in the showroom. The last time I was at my dealer, they had plenty.

YA911Fan

It wouldn't surprise me if dealers deliberately kept part of their inventory "off-display" so as to give the illusion of scarcity.

abe

Okay, here it goes...
1. Our economy is not doing that well...no more refi's to buy toys, realstate is hurting alot of people with an economic
trickle affect.
2. In most of europe that you think Porsche sell for alot more, its because of government taxes
3. China may be a good market in the future....but if you ever been there, its still a third world country.\
....we have alot more people in this country that can afford a 911 than China
4. The USA is still europes best market! When our economy suffers...so do theirs and Europe and Asia \
can not replace sales loss in the USA
5. Strong Euro makes us think how much the europeans are benefiting.....tell that to the 10-12%
unemployed in France/Germany because we can't afford to buy their goods
6. The rich don't care to pay 100 or 200k for a Porsche if they want it. But most buyers in the Porsche
market are NOT rich and are price sensitive. As the economy/and credit gets tougher people will
be more carefull to dish out big bucks for a car
7. Finally, "sales of 911 last year best".....hmmm past performance is not necessarily indicative of future
performance.

IMHO.....and when I become KING alot of things are going to change
abe

2007997

+1 it's a $ thing.

Landmule

When they say it's not about the money...it's about the money. With Porsche, it's about the money - whatever the currency.

wetstuff

Whether Wyoming or the UAE .. like LM says; "It's always about the money."

Yet, somehow I picture our fellow P-drivers above the 80month term/nothing down/2% cash back buyers who'd hock their houses to drive a nice car?!

When I see a brace of Harleys trailered behind a Ford Excursion; I do see a Refi of a tract house in a former bean field. Rumblings are: there are more people upside down in cars than houses... Maybe Ford Credit, etc. is the next shoe to drop..

cello

Agreed. Profit margin rules distribution.