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I saw those beautiful cars yesterday when I was picking up my car at service. The Porsche Canada "shop new and used inventory" section on the website is very interesting. A handful of new cars but a lot of "used" with a few hundred km.
This is an extreme example of pricing escalation: https://finder.porsche.com/ca/en-CA/search?model=718
There was a similarly equipped Spyder at a Quebec dealership a month or two ago for approximately $150k. There was a PTS Spyder (Albert Blue..a fabulous colour) at Porsche Markham a few weeks ago at $180,000. Can this end well?
Yep, agree it is a bubble. All it takes is a few more turns of the interest rate crank( very likely) and likely much higher fuel prices and this might moderate. We are heading into a bit of an energy crisis globally so I am quite pessimistic about any kind of easing.
Yep, agree it is a bubble. All it takes is a few more turns of the interest rate crank( very likely) and likely much higher fuel prices and this might moderate. We are heading into a bit of an energy crisis globally so I am quite pessimistic about any kind of easing.
Most dealer floor plans are financed. All these guys will start dumping cars once their ROI starts falling off a cliff the longer the units stay on the floor as rates will raise. I feel this is the last summer with insane prices and new cars being sold as “used” Mainline dealers will be okay. The smaller guys will get wrecked being over extended
Most dealer floor plans are financed. All these guys will start dumping cars once their ROI starts falling off a cliff the longer the units stay on the floor as rates will raise. I feel this is the last summer with insane prices and new cars being sold as “used” Mainline dealers will be okay. The smaller guys will get wrecked being over extended
That's what I thought, interest rates hikes are going to hurt the dealerships. September is when I think we're going to start to see more of the price cuts, as we head into the fall-winter season, seasonal demand is gonna plummet for the sports cars, compounded by the effect of rising interest rates.
Most dealer floor plans are financed. All these guys will start dumping cars once their ROI starts falling off a cliff the longer the units stay on the floor as rates will raise. I feel this is the last summer with insane prices and new cars being sold as “used” Mainline dealers will be okay. The smaller guys will get wrecked being over extended
Most dealer floor plans are financed. All these guys will start dumping cars once their ROI starts falling off a cliff the longer the units stay on the floor as rates will raise. I feel this is the last summer with insane prices and new cars being sold as “used” Mainline dealers will be okay. The smaller guys will get wrecked being over extended
You will have a combination of this and demand falling with the state of the economy and costs as the year progresses. Together reducing huge markups.
8.6% inflation in the US announced today, up from their estimate of 8.3%. Let's see what happens next week, perhaps a 0.75 hike.
06-02-2022, 05:37 PM
Two GT3RS & a 992 GT3 at DFC -not cheap
