Same thing in Germany. Just saw my build will be €10,000 more!!! I'm not a happy chappy.
New Configurator Out
Looks like price increases in Canada. I knew Porsche was talking about raising prices in the summer....this is a bit early.
Price of a T went up around $10K, Freight up $1100, which all adds to the base calculation of the Luxury Tax here in Canada (+20%).
They did add the carbon bucket seats and Bose system to the available options, so I guess that's nice.
I have an allocation for a T with an April lock date - wondering if I get the new pricing or the pricing when I submitted by build to the dealer or am the beneficiary of the price increase.
Price of a T went up around $10K, Freight up $1100, which all adds to the base calculation of the Luxury Tax here in Canada (+20%).
They did add the carbon bucket seats and Bose system to the available options, so I guess that's nice.
I have an allocation for a T with an April lock date - wondering if I get the new pricing or the pricing when I submitted by build to the dealer or am the beneficiary of the price increase.
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Extortion! 2 or 3 percent increase is fine but 8-10 percent is greedy.Same thing in Germany. Just saw my build will be €10,000 more!!! I'm not a happy chappy.
Agree. Especially as the T was only released for order end of Q3 last year. Hardly understandable such a high raise before they've even started delivering them.Extortion! 2 or 3 percent increase is fine but 8-10 percent is greedy.
Someone commented earlier about Porsche going public and I believe that’s part of it. 💵 💵💵Agree. Especially as the T was only released for order end of Q3 last year. Hardly understandable such a high raise before they've even started delivering them.
I just noticed even things like ATL PEC delivery went from $600 -> $2000. At least Euro delivery is still free (but unavailable for 2023 according to my dealer).
Thats horrible!I just noticed even things like ATL PEC delivery went from $600 -> $2000. At least Euro delivery is still free (but unavailable for 2023 according to my dealer).
Not surprised or concerned with price increase, in fact it will be good for current owners. I think it's a classic case of supply and demand. Porsche can sell all the 911's they can build and there is a waiting list to get one. Dealers get away with ADM and flippers are successful-hoping price increase reverses that trend somewhat.
It’s a vicious circle.Not surprised or concerned with price increase, in fact it will be good for current owners. I think it's a classic case of supply and demand. Porsche can sell all the 911's they can build and there is a waiting list to get one. Dealers get away with ADM and flippers are successful-hoping price increase reverses that trend somewhat.
The initial argument on Rennlist by those willing to pay ADM was that eventually Porsche would raise the price . They felt that they could give it to a dealership and have the car now or lose out and end up paying it later on . I thought there wolud be an increase but not like this . In 22 the GTS base price was 136 . In 23 it was 142. Now it's 152. Thats a 16K increase from the origin .
To add to the mix the price bump coincides with the aggressive interest rate hikes and a down equity market . In contrast 2021 was the height of. bull market on low interest rates . I early traded my 991.2 and cashed out of one equity at that height to earmark the difference to pay cash for the car . I did it again to buy the Macan but sadly could not early trade (needed the car) . That delay in trading hit me on the trade value .
Hopefully those buying a 24 can cite the increase as a reason to request a higher trade in value (if trading a car). . This has to firm up used prices which had fallen recently.
To add to the mix the price bump coincides with the aggressive interest rate hikes and a down equity market . In contrast 2021 was the height of. bull market on low interest rates . I early traded my 991.2 and cashed out of one equity at that height to earmark the difference to pay cash for the car . I did it again to buy the Macan but sadly could not early trade (needed the car) . That delay in trading hit me on the trade value .
Hopefully those buying a 24 can cite the increase as a reason to request a higher trade in value (if trading a car). . This has to firm up used prices which had fallen recently.
The increases are crazy but that’s a good assessment of the situation.The initial argument on Rennlist by those willing to pay ADM was that eventually Porsche would raise the price . They felt that they could give it to a dealership and have the car now or lose out and end up paying it later on . I thought there wolud be an increase but not like this . In 22 the GTS base price was 136 . In 23 it was 142. Now it's 152. Thats a 16K increase from the origin .
To add to the mix the price bump coincides with the aggressive interest rate hikes and a down equity market . In contrast 2021 was the height of. bull market on low interest rates . I early traded my 991.2 and cashed out of one equity at that height to earmark the difference to pay cash for the car . I did it again to buy the Macan but sadly could not early trade (needed the car) . That delay in trading hit me on the trade value .
Hopefully those buying a 24 can cite the increase as a reason to request a higher trade in value (if trading a car). . This has to firm up used prices which had fallen recently.
Definitely agree with this.The initial argument on Rennlist by those willing to pay ADM was that eventually Porsche would raise the price . They felt that they could give it to a dealership and have the car now or lose out and end up paying it later on . I thought there wolud be an increase but not like this . In 22 the GTS base price was 136 . In 23 it was 142. Now it's 152. Thats a 16K increase from the origin .
To add to the mix the price bump coincides with the aggressive interest rate hikes and a down equity market . In contrast 2021 was the height of. bull market on low interest rates . I early traded my 991.2 and cashed out of one equity at that height to earmark the difference to pay cash for the car . I did it again to buy the Macan but sadly could not early trade (needed the car) . That delay in trading hit me on the trade value .
Hopefully those buying a 24 can cite the increase as a reason to request a higher trade in value (if trading a car). . This has to firm up used prices which had fallen recently.
For me the price increase isn't what bugs me, it's that it's also applicable to people who have orders already in vs just new orders from this date.
They can get away with it and they know it, people will still pay it.
Same here, it's not necessarily the price increase - it's when and on whom they levied it on (i.e. those with current allocations vs those just starting the process). If the dealers knew when they were giving out allocations it might have been nice to mention it at that time.Definitely agree with this.
For me the price increase isn't what bugs me, it's that it's also applicable to people who have orders already in vs just new orders from this date.
They can get away with it and they know it, people will still pay it.
It looks like the price increase is for MY24, so anyone starting the process now would most likely be ordering a 2024. Those with current allocations and summer deliveries should still be MY23 - I would assume, but waiting from my SA to confirm.
I already got a response from my SA that is applicable to me (received allocation last October, delivery September this year)Same here, it's not necessarily the price increase - it's when and on whom they levied it on (i.e. those with current allocations vs those just starting the process). If the dealers knew when they were giving out allocations it might have been nice to mention it at that time.
It looks like the price increase is for MY24, so anyone starting the process now would most likely be ordering a 2024. Those with current allocations and summer deliveries should still be MY23 - I would assume, but waiting from my SA to confirm.
The stockholders will be happy but that’s about it.Same here, it's not necessarily the price increase - it's when and on whom they levied it on (i.e. those with current allocations vs those just starting the process). If the dealers knew when they were giving out allocations it might have been nice to mention it at that time.
It looks like the price increase is for MY24, so anyone starting the process now would most likely be ordering a 2024. Those with current allocations and summer deliveries should still be MY23 - I would assume, but waiting from my SA to confirm.
Honestly fellas…$10K should not matter financially because most, if not all, newer 911 owners are financially capable. Yes $10K is $10K, I respect that, but I am sure you know what I am trying to say here. However the removal of options is unacceptable!
This sucks and I feel for you! Do you have a build date yet? I interpret “received allocation” as the day I got a build slot as opposed to when I went on an allocation wait list. When I went on an allocation wait list over year ago I was told that pricing was subject to Porsche price increases.I already got a response from my SA that is applicable to me (received allocation last October, delivery September this year)
Your logic makes sense. Looks like I got lucky and just squeezed into the 23 prices.It looks like the price increase is for MY24, so anyone starting the process now would most likely be ordering a 2024. Those with current allocations and summer deliveries should still be MY23 - I would assume, but waiting from my SA to confirm.
Receiving an allocation is a dedicated build slot, vs being on an open ended waiting list.This sucks and I feel for you! Do you have a build date yet? I interpret “received allocation” as the day I got a build slot as opposed to when I went on an allocation wait list. When I went on an allocation wait list over year ago I was told that pricing was subject to Porsche price increases.
Your logic makes sense. Looks like I got lucky and just squeezed into the 23 prices.
Build date is not confirmed in the system yet.
I understand what you’re saying but people have posted on the forum that have been saving to get their dream car and were having to choose the model and options to stay within a budget, whether that’s a self imposed number, financing approval limit, etc. These are the people I feel sorry for. I don’t expect an outpouring of sympathy from the public, but I’d rather see them in their dream car as opposed to another 2% profit margin on Porsche’s ledger.Honestly fellas…$10K should not matter financially because most, if not all, newer 911 owners are financially capable. Yes $10K is $10K, I respect that, but I am sure you know what I am trying to say here. However the removal of options is unacceptable!
Having said that, all 911’s are pre sold and used cars are selling over MSRP so from a company perspective, why not increase pricing. It’s called capitalism.
Exactly this. Also one thing not mentioned yet, I would have expected my SA to email and let me know instead of me seeing on a forum, then the Porsche site and me emailing him to ask if its applicable. I work in marketing, and in situations like this proactive change management is everythingI understand what you’re saying but people have posted on the forum that have been saving to get their dream car and were having to choose the model and options to stay within a budget, whether that’s a self imposed number, financing approval limit, etc. These are the people I feel sorry for. I don’t expect an outpouring of sympathy from the public, but I’d rather see them in their dream car as opposed to another 2% profit margin on Porsche’s ledger.
Having said that, all 911’s are pre sold and used cars are selling over MSRP so from a company perspective, why not increase pricing. It’s called capitalism.
From my viewpoint, 10k was a third of my options, for me that’s big.I understand what you’re saying but people have posted on the forum that have been saving to get their dream car and were having to choose the model and options to stay within a budget, whether that’s a self imposed number, financing approval limit, etc. These are the people I feel sorry for. I don’t expect an outpouring of sympathy from the public, but I’d rather see them in their dream car as opposed to another 2% profit margin on Porsche’s ledger.
Having said that, all 911’s are pre sold and used cars are selling over MSRP so from a company perspective, why not increase pricing. It’s called capitalism.
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