Onami

I don’t think I have ever seen so many 911’s for sale on the autotrader website. Maybe a sign of some cooling in the market.

RonnyC

And, the number of GT3's.... why would a dealer sell to buyers who end up flipping them..., ( I know, I know ).... there are car enthusiasts who would love an allocation, meanwhile they lose their spot for these other guys who end up selling. Porsche loses my respect on this.

timothymoffat

I’m becoming frustrated as I’m sure others are also. Placed an order for a GTS one year ago (wanted a GT3Touring but that wasn’t happening). Changed it to a T late in the year with no apparent negative effect according to my dealer. Still no allocation. Yet in that year pricing and overall purchase cost has gone up so much that the new T isn’t far off what the GTS was a year ago. What’s REALLY frustrating is seeing a NEW T show incoming to another relatively local dealer. At this point frustration is giving way to a bit of anger.

And all those GT3s, GT4s, and Spyders in “previously owned” inventory with prices HEAVILY above their original sticker price has me thinking I should wait things out longer and let the market come more down to earth and get the cars to the true enthusiasts that have wanted these cars for a lifetime.

Pags993

Easy answer, all those 911s purchased on cheap HELOC money ain't so cheap to carry anymore and if you had a variable rate mortgage on your ridiculously overpriced lavish Toronto home to boot its bendover time. 🍆

uniquenamehere

I wonder how many people are actually in this position? is this a thing people do for real?

RDMcG

There is a difference between car as an investment to be monetized at a profit and car as something to be whacked about and depreciated. In my view both are valid options. I am not a car investor and so would not pay a premium for a car and am fine if it depreciates. The pleasure is in the usage.

In the event that it is purely a financial decision it is no different from house-flipping. If you are leveraged and the market reverses then you are SOL. Many people do well in the rising market and only those who are leveraged on the downturn get nailed. It's the old Warren Buffett comment that it's only when the tide goes out do you see who has been swimming naked.

I think lots of people did very well in the shortage. I did not as I sold no cars and bought nothing at a premium.

ZIPN

I'm happy. Finally able to find one that fit what I wanted after 3 years.

SToronto

Regarding the used GT3s on porsche.ca - some will be pre trade on GT3RS. I'm sure some are due to financial constraints.

If you are buying used, it's worth waiting some more as I think prices will drop a bit more. Stuff is sitting and we're in late Spring - peak I want a new car season.

This being said, 992.1 GT3 allocations are slim to none now. GT4/Spyder are in similar situation.

Angryinch

I was thinking the same... Most guys that buy a TTS or GT3 buy them outright or maybe finance a small portion of it 1/3.

Pags993

I wasn't referring to those purchasing GT cars and higher end TTS type models. Look at the volume spike on 911s in general now for sale vs same period last year. Expensive non practical rarely used "toys" are always the first to get jettisoned.

chachamaru

My SA told me that I was 7th in the line waiting for C4 GTS last month, and he texted me last week offering me a September allocation.
so either there are lots of allocation or people in front of me don't want to take the car. or he lied about the queue. either way i think this indicate that market is cooling.
BTW he also asked me to add more options since PTS on my original order is unavailable. I kindly rejected the offer since I want the PTS.

SToronto

Probably some mix of all 3 reasons, depending on dealer and rep.

I heard PTS is not available until at least late this year. Paint colour locks 3-4 months prior to build month. With that in mind earliest PTS eligible build slots would be October at this point, if it were available.

Hopefully Porsche can get it's offerings back on track by end of year. Reduced sports car demand will help that, if that materializes.

RDMcG

I expect demand will fall, and with it wiLl fall the crazy used prices. An interesting issue will be the luxury tax which has jacked up new prices but is not levied on used cars. Thus a used car will automatically be cheaper than new one, though the first time buyer will eat it.
In the US general inventories are rising; not sure of Porsche but I hear rumblings of increasing supply everywhere. Article this morning:

https://jalopnik.com/car-dealerships...-up-1850460356

theiceman

i totally agree with this and there is even a thread here about guys buying up the GT3s eagerly waiting arrival so they can drive them " for the summer" and flip them for major profit, i guess a lot of those guys are realizing that the world is sowing and even technically in recession here i believe , This is not a time to be debt loaded for sure. Especially on a HELOC .

appzman

I was speaking to my dealer last week, and he noted that the luxury tax caused the used car prices to mildly trend up (including those bought before the luxury tax was applied). While the tax isn't applied to used cars, it effectively created more equity for sellers or dealers holding onto used inventory.