Invoice on 2009?
#4
A dealer told me Porsche lowered their US profit margin this year to 10%, as opposed to previous years when it was higher...anyone confirm this?
Edit: I just went to Nadaguides - they have the markup at 15% (2 door Coupe) - that cannot be right.
Edit: I just went to Nadaguides - they have the markup at 15% (2 door Coupe) - that cannot be right.
#6
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2008 profit margin was 12.5% (actually more like 12.75%)
2009 profit margin is 10% (actually more like 10.25%) base price to base price MSRP. Mark up on each option is different - from the factory.
For example, there's about a 15% markup on the PDK system; but each option is different; which effects the overall % of profit on each car.
But let's see a real comparision.
My 2008 911 C2 Coupe. *this doesn't include options* base price to base MSRP.
$ 73,500 msrp
$ 64,174 invoice
Vs.
2009 911 C2 Coupe
$ 75,600 msrp
$ 67,860 invoice.
Hope this adds clarity for you guys.
#7
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And FYI, additional $ comes from the marketing rep in that particular region AND it depends if the dealership is 100% compliant with Porsche's Image Standards. It's not standardized, as it would be like BMW or MB.
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#9
Burning Brakes
I also wonder if they have any kickbacks from the parent company so that even if they give it you at dealer invoice..they are still making a profit. I suppose only the big boys within the dealership know that and they are not going to share that info.
abe
abe
#10
I am near certain they do. They must get money for units sold and not just the money made over invoice. I don't think Porsche has a holdback though.
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Scary really- you guys think the dealers are laughing all the way to the bank- it's PAG and PCNA. Not us.
There's $10,000 cash back on an S Class right now. We'd be lucky to get an extra $1,500 lousy bucks from Porsche.
and we're the LARGEST players in the midwest.
#13
A dealer here in Florida told me recently that there is in fact a holdback. But what he was calling holdback may not really be the traditional holdback that others have had for years...maybe something similiar though.
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he's using the term holdback so as to not confuse the issue. It's exactly as I described above.