Porsche Premiums Are COLLAPSING! GT3 Prices Falling. WHY? Who is Happy About it? | TheCarGuys.tv

Porsche Premiums Are COLLAPSING! GT3 Prices Falling. WHY? Who is Happy About it? | TheCarGuys.tv
#porschepremiums #investment #porsche
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This week we are talking Porsche, and more specifically GT car prices crashing, premiums evaporating and hundreds of unwanted electric Taycans choking the dealer network.
2024 is seeing a massive market correction that MAY result in a complete turnaround in how Porsche dealers treat their customers.
And just possibly, it might mean a fair chance to get the cars we want, at the right price, and without having to buy 5 Macans first.
Yes it really does seem that the jig is up, and that might actually be great news for real Porsche enthusiasts, instead of Porsche speculators.
So this week, I’m going to look at who is happy about it, and what does it mean for Porsche?
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[@pierredebug17]

Unlimited number of limited editions…

[@Kidsinamerica]

Rich people will absolutely overpay for artificial Exclusivity...

[@michaelsalter2473]

It’s not actually ’unlimited’ in the BMW 3 series sense, it’s just that there are more of them in 992 form than other earlier iterations. There is a physical limit to the number of GT cars they can build. Taycans are Audis so it’s easier to ramp up production.

[@ReubenAStern]

This is the kind of thing that can only be explained with game theory. The thought chain is simple "limited editions sell for LOADZA money! I want loadza money so I make more limited editions... by the time the prices crash I'd have LOADZA MONEY!!"

[@user-sf7kl9uh7k]

​@@KidsinamericaTrouble is, most of the customers for these cars aren't actually that rich. The percentage to cash buyers is low, interest rates will end this nonsense.

[@Kidsinamerica]

@@user-sf7kl9uh7k Rich people finance under the delusion that their cash-money can be invested somewhere else with a higher rate-of-return than the interest they'd pay on a conventional car loan. If pressed, they absolutely could pay cash. If you can't absolutely pay cash for a $190,000 car, you can't afford it.

[@christophertyler8051]

Pre covid, I was treated like a second class citizen by a Porsche main dealer when I was looking to buy my first brand new Porsche.The experience left me disillusioned with the brand.Wrongly I assumed quality cars equals quality service and now every time I drive near that main dealer I think about going in again but end up driving past .Great video......

[@TheCarGuysTV]

Thank you, Chris - it’s a common story

[@nibblebytes]

Same experience here. It really put me off. I couldn’t decide if it was that one dealer or all.

[@royd72]

Maybe try another, I had four a few years ago and my local OPC (happy to name, Chester, treated me like shit, I could write a book on it) moved to another dealer (happy to name, Wolverhampton, and get exceptional service)

[@jasonshort2528]

Service is a massive part of a cars ownership experience, this puts me off buying a Mercedes as everyone says the same thing about them. Fortunately I can’t afford a new 911! 😂

[@antWales1]

At the other end of the new Porsche market, in mid 2022 I visited the Chester dealership when seriously considering a Cayman. I walked around for 10 mins before asking to speak to someone about delivery times. I was a cash buyer. Someone appeared 5 mins later, looking as if I had disturbed her. I said that I was looking for a fairly basic, entry-level model to be told that Porsche would likely refuse to sell me a base model with few extras. They “need to control the used market”, I was told. Sell the wrong-spec cars new and when they come back in, they won’t make attractive used-buys. I was flabbergasted. I do sort of get it, but it could have been explained differently, that getting the correct spec would be to my benefit on re-sale, not Porsche’s. I bought a brand-new BMW coupe, which I am delighted with!

[@SChapps]

Changing those wheels to silver would work absolute wonders

[@TheCarGuysTV]

You may be right 👍🏻

[@DethThrasher1]

black wheels are gash i agree!

[@nickgalla-barth6336]

I have the same car, same colour, but with the platinum wheels. I don't like black cars (It was a bit of a compromise to get a great spec), but the combination works really well. I considered changing the wheels to silver, but that somehow dates the car. All I need now is to somehow get rid of the rear window tint!

[@ovadialevy478]

We’re just better that you couldn’t get your hands on a 992

[@pauln0371]

Satin Neodyme would work as well..I can't abide Black alloys......

[@ianrobertson8514]

I've been a Porsche new car buyer for over 30 years but my disgust with the recent antics of the brand has me hoping that they go through an early 1990s type re-set before I open my wallet in future again.

[@TheCarGuysTV]

I can’t blame you, Ian

[@BAC_Mono]

Finally I might get that GT3 for when it’s too wet for my BAC Mono It’s the only other track car I really hanker after, great cars, terrible way to treat potential customers.

[@peteremmett8332]

Absolutely, I remember it well. I'd just bought a black Turbo-bodied Speedster with tan interior. ( In Australia ) It's price was soon dropping like a stone, but that's not the worst of it, the real problem was that it was an absolute CRAP motor car, one of the most over-hyped but useless cars I've ever owned.

[@GTC4cam]

I think this is one more reason why 80’s, 90’s and 2000’s are the best segment in the hobby right now. You get 90% of the experience, at half the cost, and none of the allocation nonsense.

[@kriskalpa]

exactly. It's where the smart people go.

[@nrw34260]

Had my 84 3.2 since 1997.

[@zoner__]

Those prices are inflated as well.

[@user-jt4fy4od9r]

Just make sure the bearing connecting the engine to the gearbox has been replaced with something that won't blow up and you are laughing.

[@keving9768]

Half? You tried to buy a 993 lately….

[@detonator2112]

Production numbers (draw your own conclusions which two models will always be valuable if we forget the GT cars and Turbos). 964: 63,762 993: 68.029 996: 175,164 997: 212,964 991: 233,540

[@jonathanknight6484]

I was offered a GT3 earlier this year after previously asking for an allocation but here is the kicker... I couldn't spec it as it was a previously cancelled preorder that had been built and the dealer smugly wanted me to pay list price. Why would I pay full list for a car with a weird spec.

[@TheCarGuysTV]

Exactly - rude

[@BPoweredLove]

"weird" spec = someone else's spec. Hehehe. 🙂

[@AB-80X]

@@BPoweredLove Can I ask what made the spec weird? What was it?

[@BPoweredLove]

@@AB-80X You're replying to the wrong person. The OP (jonathan knight) wrote "weird spec" and I replied to him. There is no "weird spec" for a 911 (that I can think of), so he must just mean "someone else's spec".

[@mvs9122]

Same thing happened to me with huracan. I wanted a tecnica they said 40+, i said no. Later they affered me preordered evo at msrp, i said no. Then they offered me a slot for evo. I took it at msrp but even that wasn't a good deal because my only option was AWD which is 60K more. So exhausted. Everyone is trying to screw you.

[@WillyMutenza]

Absolutely right. I was shopping for a new Porsche, and no one took the time to assist me. (East London Posche Centre)

[@Fzr005]

lol dude that’s always the case tbh

[@pauln0371]

The cheapest GT3RS on the market at present is £310k Nearly all are sub 350k now. GT4RS cars start below £145k . Don't think it'll be too long before these are down to list TBF.

[@AB-80X]

The GT4RS is doing things a bit differently because it is overall a bit more attainable. This means that even as the economy is strained, the GT4RS will be a possible buy for many. There are definitely people who was into the idea of getting a GT3 or even GT3RS who will now "settle" for the GT4RS, i.e that will be the car some still fight over.

[@Alex-iu8xx]

The touring thing is so stupid. It's just a wing delete. People paying premiums for this are daft imo.

[@MbTrojansurgeon]

For Crimety sakes, WHY would you buy a GT3 Touring spec?! I get the GT3 as a package-but the Touring is not as good on the road as the T, and not as good on track as the glorious winged version…I’ve driven/ridden in them all, and for my money…just get the wing.

[@geneva760]

OOOOOOH - you big race driver you - HA​@@MbTrojansurgeon

[@BPoweredLove]

@@geneva760 LOL. Come on, man. You don't even know who he is.

[@AB-80X]

@@MbTrojansurgeon You may have driven or ridden in them, but you have clearly not lived with them. To even state that the Touring is not as good on the road, is just daft. And maybe not all want the big wing but something more elegant. But let me explain something. Some say the Touring and Wing car is the exact same - newsflash, they are not. The Touring has a softer suspension setup. That's a good ting. I live in Europe, not the UK or US, so I have fairly good roads. I've driven plenty of 992 GT3's and compared to the Touring, they are far from as good on normal roads. Like the 991.2 GT3RS I had which I drove for 18k km, the winged GT3 is way too nervous and skips all over the place. Fine for a GP track, but crap for the road. You may see this as "raw" and racey. But as someone how actually race, a fast race car is smooth it does not beat you up or jumps nervously around. The Touring is a very beautiful car that is still sporty, and with much less to prove than the winged car. Do I have a problem with wings? Nope. Wifey dailies an AMG GTR in bright green, I own both a 981 GT4 and 718 GT4RS. Interestingly enough, both much better road cars than the 992 GT3 "wing" car. Why did the 991.2 GT3 work? Because it was not that different in its suspension setup than a regular GTS. That''s why a Touring is a good choice.

[@AB-sr9mc]

@@MbTrojansurgeon how is the touring not as good on the road as a T? there isnt really that much special about a T in my humble opinion

[@sethmcguinness3153]

Great episode. Fact is, I cannot afford these cars but I am really enthusiastic about the cars and how the actual markets work and the whole culture of ownership and experience, love it.

[@paulm2518]

My experience with Porsche dealerships over the last 14 years. Nottingham - Sold me my "approved" 911 with water in the rear lights, a faulty alarm, knackered steering strut bearings and fake wheels. Tewkesbury - charged me £4500 for work on the coolant system and gave it back to me heavily air locked, sent coolant down to me that was heavily contaminated (leaves, dirt) then acted like I was causing them an issue. Portsmouth - quoted me 9k for 2ks worth of work by tripling up the duplication of labour charges, e.g. effort to take the back bumper off and put it back on was on the same job invoice 3 times. Swindon - actually great, never had an issue, polite, would use again. Fixed all my problems on the 911 when purchased and sold me a Cayman S.

[@TheCarGuysTV]

Swindon it is then 👍🏻👍🏻👍🏻

[@Racerman27410]

You hit all three nails on the head. thanks for being a truth speaking voice of reason and logic. Cheers!!

[@TheCarGuysTV]

Thank you

[@andrewhurstcars]

Excellent video Damian. You’ve certainly got your money back with the 991.2 Touring, now that they have effectively overtaken the 992 Touring in value. Oversupply means some great buys for future used buyers. Also there has been a huge increase in the purchase price. When the 992 first came out, a base Carrera started at about £83k. Today, the base Carrera starts at £97k. That also results in something Porsche have not done for a long time - discounts, which has a bad effect on each model line where that occurs. When all the models go hybrid, that will have a big effect on used values too. Look at the Ferrari 296 market, people seem to be not liking used hybrids in the sports & supercar market (hypercars not affected). You should do the same video on the Ferrari used market - SF90 & 296 especially. Ferrari was pretty untouchable in the 488 Pista / Aperta era. In terms of US dealers getting Added Dealer Markup (ADM), well that’s effectively happening here in another guise, as the customer has to buy many normal cars before being invited to buy a GT car.

[@details78]

Informative Damian. Thank you for the effort! It's been more than a year since the last garage update?

[@TheCarGuysTV]

Agreed, I’ll be doing one soon

[@63humanbeing]

Fantastic news, I thought it’s only the authorized dealer in Dubai, who despite the fact that I bought 5 cars from and owning 7 Porsche, they still opt to sell to speculators than people like myself… Shall I assume it’s payback time 🎉

[@lava12.23]

I’m German we make these things and I cannot afford one!

[@rodfeher]

speculators give them a cut

[@remarkable99]

Really fantastic video!!!! Let's hope things pan out the way you hope - it would be a great thing!

[@TheCarGuysTV]

I hope so too!

[@jeffreyrex8232]

This is the first video I’ve ever watched from you. Thoroughly enjoyed the no nonsense approach to this. You’ve picked up a new subscriber 👍🏻

[@TheCarGuysTV]

Welcome aboard!

[@Xuber8]

BEST KZbin.!!!!!!!!!!!!!!!!!!!! PCA member here. Learned to drive on 911. Thank you for this outstanding informational posting.

[@chrisstaley176]

Just under 40mins at Porsche Guildford.... no interest in me or what I was doing...when eventually I was spoken to, continuously pushed towards electric taycan rubbish... awful awful awful. Said I wanted a 911... but no sir, take a look at a taycan...error no.

[@TheCarGuysTV]

Wow - and I thought my visit was bad

[@tartalja]

Just tell them you dont have electricity at home.

[@MauriceLeane]

Great to hear common sense from a genuine enthusiast, thanks.

[@TheCarGuysTV]

No worries!

[@redgt3244]

Absolutely spot on. I can not wait for the market to cool off in South Florida. USA

[@JoeAchilles1]

Another mega video! Last summer I walked around Porsche centre Silverstone (Towcester) for 20 mins and nobody including the two receptionists asked if I needed help...

[@TheCarGuysTV]

Unbelievable

[@markastor6740]

Glad to see that has happened in the UK. As an expat living in Florida, the dealers here appear to be selling every car they can get. I was in the local Porsche dealer a few weeks ago sniffing around and heard the GM telling a sales guy that they wanted at least $85k over MSRP for a GT3. As for the Dakar, you're talking 100-200k over MSRP.

[@cp4512]

US will follow UK/Europe prices after a while.

[@leonardleichnitz5867]

@@cp4512 Not necessarily. UK economy has weakened, so premiums gone. Not true in US. Economy and stock market still strong; premiums will remain as long as that is true.

[@AM-eu1yq]

⁠@@leonardleichnitz5867surprising. I thought the US was printing money at historic rates….hence gold and silver rising…

[@1maico1]

@@leonardleichnitz5867 Overall UK car sales are up 10.4% YTD. Porsche sales down by 19%

[@davidtyra1441]

Yes gordon chevrolet have a z06 25 k over sticker same time last yr they had one forsale for the same 25 k over

[@michaeljohncooper]

I’ve hung around in Porsche showroom for hours and been ignored. And I’ve bought over 10 new Porsches in the last 15 years.

[@TheCarGuysTV]

It’s amazing, isn’t it?

[@johnwilliamson8110]

Par for the course.

[@user-lr9rw3sb1i]

Well you must be an idiot then!

[@v4skunk739]

Go to Ferrari and see the difference in service.

[@demej00]

Take your clothes off.

[@panigalecars3485]

Damian love your videos. You think this may affect the second hand gt4 981 market? If so how?

[@adrianadrianp5305]

Damian, well said Old chap, I hope those in the game of flipping have got their fingers burned or had a somewhat concerning and stressful time reconciling their declining overs and increasing finance costs. Hopefully too, those flippers have a nice shiny Taycan for everyday and the thought of consuming unwanted cars from dealers to remain a premium customer gets less compelling. I still recall being laughed at when I desperately wanted to buy a new 991 GT3 and had to sit patiently waiting until the 991.1 GT3 dropped below asking and I could hunt the right spec car. Over three years later I bought my car, at the time that the 991.2 GT3's had just finished production and dealers were now selling the 991.2 GT3's used and 37 991.2 GT3's available at big premiums, why because 90% of new GT car buyers have no interest in them other than flipping. Be great to see enthusiasts get what they want and enjoy the cars that Porsche built. Right now I am delighted that my 991.1 GT3 would fetch a very low price if sold as it means those enthusiasts can now afford them. I hope I can afford to keep my now nearly 10 year old car

[@footballgeorgiebest]

It will be interesting to see what the new Macan does to the Taycan model as well . Current Taycan owner migration and new customers who will view the new Macan as being more practicable with newer tech.

[@julianadams2206]

Both fascinating and brilliant. It makes one wonder how low will the prices go on some of the so called special models.

[@markjohnson8352]

Thank you, Damian

[@TheCarGuysTV]

👍🏻👍🏻

[@Csl74csl]

Great stuff mate, pls keep on doing this. All this is exactly why I’m holding of from walking into a Porsche dealership.. cheers..

[@TheCarGuysTV]

Thanks, will do!

[@andremelo_82]

Great video Damian! When are going to start doing videos on your amazing watch collection? Best regards

[@TheCarGuysTV]

Thanks, Andre. Maybe one day!

[@TeaPea111]

100% it’s not worth losing 100k on a taycan to maybe get a car that’s £50k over list!! I’m hoping it all collapses.

[@TheCarGuysTV]

Agreed.

[@foxlake6750]

My neighbour had a Taycan and traded it for a Panamera Hybrid…..he didn’t want to plan his life around charging…

[@computercrack]

​@@foxlake6750why would he need to?

[@JD-yx7be]

@@foxlake6750 The new Taycan can charge much faster and has over 50 miles more range

[@v4skunk739]

The top stuff like GT3 RS are always going to be scalped.

[@ashleytempleman5242]

Great video! I tried to get a 992 GT3 RS to sit next to my 997.2 GT3. Firstly I will never get one as I have not greased any dealers. Secondly I have since gone off the idea for the reasons mentioned in this video. Let’s hope things change in the near future for genuine enthusiasts to enjoy these great cars!

[@TheCarGuysTV]

Well said

[@colinbennett]

A thoroughly engaging and brilliantly edited video Damian. Always the highlight of my weekly viewing on KZbin. Thanks as always!

[@TheCarGuysTV]

My pleasure!

[@Montcoffer]

Great topic, spot on conclusions, Ace channel :)

[@TheCarGuysTV]

Thank you, thank you, thank you 👍🏻

[@Rocky-hh3yg]

That’s a staggeringly small amount of uk 991.2 tourings. I had no idea. Definitely a keeper. Thanks for another great video guys.

[@TheCarGuysTV]

I know - I had no idea either

[@Phathead71]

This is my first time watching a video on you're channel and clearly I've been missing out! Great article. Interesting, insightful and amusing. Big thumbs up 👍🏾 As someone looking to purchase their first 911 in the not too distant future, I've started my research and really appreciate such useful information. Well done guys. I'm looking forward to seeing you're next update 👏🏾

[@TheCarGuysTV]

Thank you very much and welcome aboard 👍🏻

[@IAmOHMSS]

Thank you for another great video. I'll be on the lookout for a nice 991.2 C2S bargain. Ideally around November (another protip I got from the TCG) and/or once the 992.2 hits the market.

[@lockingdiff]

I just bought my first ever Porsche (a 2024 911S Aerokit, 7MT), spec'd to $150K...and the local dealer was disillusioned thinking the market is still 2022 with the markup they wanted. I went 80 miles out and got my order in at MSRP back in January, with a great trade-in price on my M4. The cars are still holding their values better than any other sports car, but the days of marking up a basic Macan are over. Edit: It's worth noting that the US market is still, overall, pretty inflated. All GT3s within 200 miles of where I love in Florida, are selling for over $230K used.

[@TheCarGuysTV]

Good to hear that you’re winning, Lockingdiff 👍🏻

[@user-bh8bc4qb7y]

5-600k in Australia

[@Rick2010100]

I bought my 992 GT3 in 2021 at my Porsche Center for the list price and onyl had only a 997 C4S before. The waiting time extended from 7 months to 9 months, because of Covid related chip shortages. My Porsche Center never ever offered me a Porsche above the list price (Porsche Soest, Germany). The Porsche dealer in my town (Münster) is a nightmare*, so i switched to the neighbor city. *No prices above MSRP, but ridicules arrogant personel. I am a big local employer and if a simple salesman at the Porsche dealership is trying to make a fool of me, the fun is over.

[@StuartBuckellUK]

Great video. I paid a small premium to get the latest "classic-spec" non-turbo 4S with very low mileage and a warranty (991.1) from Porsche approved-used. I'm happy with my choice, and looking forward to putting a GT3 alongside it when the prices return to "normal". Although, prices in Europe are generally much higher than the UK for the equivalent car.

[@amirkazemi2517]

Very true - I had a rude sales guy that wouldn’t answer simple questions I had

[@user-tt6il2up4o]

Leasing and low interest rates mean anyone can lease them now. I bought a 996 cab in 2003, in those days Porsche were very rare. Now common place. Leasing is the problem.

[@AdrianMcDaid]

Low interest rates today ??

[@andrewgpayne]

Bang on point Damian, it all got way too far out of hand and a correction is much needed. Prices may have been defined by external market forces but there is zero excuse for poor or non existent customer service.

[@TheCarGuysTV]

Yes!

[@NickForest999]

Great video and very timely…just exited from my classic Merc collection after 8 years and fancied a 992. Got enough cash for a new Carrera T but there’s plenty floating around with negligible miles at dealers so I’m going to hold tight for a few weeks and see if dealers get desperate enough to start discounting further.

[@TheCarGuysTV]

I can't believe you sold your classic Merc collection

[@NickForest999]

@@TheCarGuysTV Ha…I’ve had two R107’s and just sold my R129 1996 SL500 (8,000m from new) but had a 997 C4S previously which I didn’t get in with the Tiptronic so I’m back for another Porsche experience with a 992 and hopefully it’ll tick some boxes this time around.

[@eboucher19682103]

Great video! Without customer there are no businesses, so treat them right and they will comeback.

[@morganvon5664]

It's still really ridiculous here in the states. My local dealer selling a GT4 RS for about 100k over sticker. Dakar's are going for 375k and up.

[@TheCarGuysTV]

Ouch!

[@andrewhurstcars]

Crazy. Can you import one from a Mexico dealer or Canada?

[@Kelvin_Ess]

​@andrewhurstcars Canada? They are not cheap here my friend

[@TrakCar]

After buying every new RS since 2008, I had to buy: Macan GTS Panamera Touring GTS Cayenne GTS Cayenne TGT GT4 GT4RS GT3RS watch with the GT3RS i finally got. And it took calling in favors of friends to even get the car. And every RS I sold is worth more than when I sold it with a lot of track miles (997 4.0 even) I hope it gets back to normal in FL because it takes the fun out of it.

[@rafikuhami9326]

Great video, it’s been a while! Keep them coming 🫶

[@nickgalla-barth6336]

I have the same car and when I bought it I could have had the 992 for similar money, but the 991 is so much more elegant and flies under the radar, so I'm not upset with my decision. (This video also helps confirm that I made the right decision) I use the car every day, even for my weekly supermarket shop!

[@TheCarGuysTV]

You made the right decision.

[@gaycha6589]

Good call. I have a 991 cab CS and although I wanted a 992, the premium to change was too much. Maybe it’s my reverse psychology, but I now prefer the looks and size of the 991, and tbh it’s still a great Porsche to own.

[@JohnButler-iq8rl]

Really informative video I'm no were near being in the market for gt3 touring ect ----though I think I did miss a trick when cayman r came up for sale pre covid for 25k----but going back to customer service I can remember going into Parker and Parker during the late 80s on behalf of my then boss and even to a person who wasn't buying a car they were really polite and friendly 😊.

[@jfro5867]

Not always the case but don’t you think people with money, ‘old’ money as they used to say are generally very pleasant (because they really have nothing to prove or whatever) but those who’ve made a bit can be absolute aresholes.

[@alexschuster9567]

Hi. Great stuff. What do you do for work that allows you to have these great cars? Customer service in most industries seem lost.....keep up the good work.

[@TheCarGuysTV]

Thanks, I used to own a business, but don’t now

[@danstimelessclassics5899]

Same happening in the watch world especially Rolex ADs

[@dalewainwright881]

I had the same with a 718 Spyder. I went to Porsche with a request for a very well specified 718 Spyder. I was told it was allocation only ? I was under the impression ( mistakenly) obviously Porsche wasn’t in the same Market place as Rolex. I then adjusted my expectations to a 4.0 Cayman Gts only to get to production time and they they had discontinued Lava Orange with no obvious reason. I was told the Spray Booth had been reallocated to another Colour. I cancelled ,they were fine ,we have had no more correspondence. Piss poor performance imo. Driving a very nice Mercedes atm watching Porsche prices tank a little. I have no glee over that , I’m just happy I’m hear watching peoples hard earned money depreciate rather than it being mine. Love Porsche but the bubble has burst and I will get the one I wanted for far less spondules now , winner winner.

[@danhall5761]

You’ll of lost more on that merc than if you’d bought the 718 to begin with my friend

[@dalewainwright881]

@@danhall5761 I think they are comparative now tbh. Percentile wise obviously it’s less on the Gts but both around 20k. I went second hand and found a good deal imo. Someone has lost around 20k on the Amg I have purchased and I think I would have been in that region on the Gts. I ordered 718 Gts it was 82k I’m sure that I would be getting offered from dealers less than 60k for that vehicle. Anyway thanks for the reply take care have a great day 👍

[@richard-markdodds305]

Excellent Damian (as usual)

[@davidlloyd-cx3er]

Good video. For sure has opened my eyes. Was thinking about a 911 turbo may think again. Cheers

[@TheCarGuysTV]

Thanks for watching

[@Peter-Oxley-Modelling-Lab]

Great Video Damian...the chickens have finally come home to roost. (Or should that be roast?) The cheap-money good times are over, at least now less people who can't actually afford one will be driving Porsches, and the dealers are going to have to re-learn to respect the customers who can! 👍🏻

[@TheCarGuysTV]

Let’s hope so

[@DxModel219]

lol it’s sad but I’m gonna say it.. this is their new business model going forward. The reason behind it is they already make most of their money on services how do you think they could survive through Covid until now with zero to low inventories? Even if the supplies are high the wait time for a new allocation of just a 992 S is 2 years. In my area inventory is still very low in the Bay Area. I would have to go all the way to Los Angeles or San Diego which I have no time in doing especially if I wanted to trade in.

[@user-rn4vw9tr3e]

Well said

[@royd72]

Money is still cheap, go back a few decades and you’ll find real interest rates, problem is it’s been way to cheap and as we’ve seen it’s not sustainable and destroyed the economy

[@johnrhodes2367]

The price of a replacement battery for the Taycan is a big turn off. Very big.

[@ortontom]

Well done, im sure this video will make it to other dealership meetings like the last one lol...

[@TheCarGuysTV]

Probably

[@chriswetz1638]

Brilliant, as usual. Well done Damian!

[@TheCarGuysTV]

Glad you enjoyed it!

[@budflicker1]

Strangely enough I received excellent service from my local Porsche centre today, that is unusual 😂 Maybe it is starting to bite.

[@georgeyung3546]

If they keep interest rates the same this year, all luxury car dealers would struggle. But it's good thing to be honest. It keep the Speculators/flippers for luxury items watches and flats/ house of the book. When the interest rates was near zero fpr 14 years even one got mortgages, remortgage and loans. You can only congratulate the USA for the low interest rates, and a bigs thanks to Leehan Brothers and Fannie Mae.

[@views40]

Amazing take!! Great video mate! Cheers :-)

[@TheCarGuysTV]

Glad you enjoyed it

[@danadiaz7968]

I'd give a double thumbs up on this if I could. Clear, candid and accurate. Thank you !

[@TheCarGuysTV]

Wow, thank you!

[@roninsc]

Great info and I vote (is there a pole?) for silver wheels too!

[@TheCarGuysTV]

I know I know

[@roninsc]

@@TheCarGuysTV Ha, I think my life's calling is to pick some worthless absurd observation in your videos. A few months ago, I complained about too many leaves in the gutter on your garage. But the good news is: I subscribed to your channel, Hit the LIKE Button, and leave a stupid comment. I want KZbin to like you too!

[@TheCarGuysTV]

Thanks, Ronin

[@Aaronozard]

Great video... they've been to greedy and world economics have changed. All this overs bull is ridiculous. Popped into Bournemouth recently as its local to Ringwood and they dont acknowledge you 😂

[@TheCarGuysTV]

Thanks for sharing

[@mskmsk7174]

I agree. I bought a new Taycan Cross Turismo Turbo S from Archibalds Porsche Christchurch NZ with zero follow up from the dealer after I bought. I still haven't had a follow up. They are useless

[@thijsvdh1]

Im in the motor trade and asked in 2022 for an GT4 RS for personal usage, with zero intention to flip it and got the cold shoulder then. By chance talked to the same sales rep in Feb this year and asked about the current situation and promptly got offered a slot BTO for June (even got a discount from list). So very excited to pick up my car in July😊 its my first ever new Porsche by the way

[@TheCarGuysTV]

Huzzah!

[@anthonym484]

I recently went into a U.S. Porsche dealership and was completely ignored . Horrible treatment!!!

[@_AmarjitSingh]

They will treat you differently if you were a star or celebrity like Jay Leno.

[@TheCarGuysTV]

Sad to hear, Anthony

[@teriok6783]

I walked around a Porsche Cayenne in a dealership and was never helped. The car was right in front of several manned sales desk! Recorded the entire event because I was being stunned. This was just in 2023! Haven’t been able to view Porsche brand the same since, not matter how hard I try.

[@TheCarGuysTV]

Outrageous! I wish I’d filmed mine

[@computercrack]

I don't understand why you just ask someone to help you out? is this a thing? Do you need confirmation you are somebody important to be asked first?

[@todddrury8798]

In the US market I dont see these prices dropping the way you are explaining, 992 gt3s in the used market are still 240/250 k and have been for well over a year. What am I missing here?

[@poovaneswaransupramaniam19]

Cool video, thanks for the information, gather that the lightly used unsold Porsches, would be exported overseas....most of them ending up in various used car forecourts in Malaysia

[@hjvh78ho]

I have also never seen so many PTS GT cars on the market, I can't help but feel that option has lost some of it's special appeal now as well.

[@TheCarGuysTV]

I actually agree with you

[@adrianadrianp5305]

This is jumping on the Ferrari theme of pushing customers to tick the necessary (unnecessary) boxes or they will never re-sell isnt it ?

[@thetriangleforge]

Boxster and Cayman will be interesting to see in the future. You can't order them anymore (same for all of the 911 Versions). At least here in Germany.

[@hugohugo2832]

So right about the dealers! I took my 996 Turbo in for some work on the electrics/sensors. They’d never seen one before.

[@TheCarGuysTV]

😂😂😂

[@simonbishop6041]

Very enjoyable vid, very slick- thank you

[@TheCarGuysTV]

Glad you enjoyed it

[@Dylan-ti6do]

I live in a wealthy city, but last Saturday afternoon I saw more than 10 different 992 GT3 RS. I honestly don't remember the 991 generation GT3 RS ever being that common.

[@TheCarGuysTV]

Fair point

[@fishbert17]

Hearing all this stuff about premiums, snotty dealers and allocations makes me sort of glad that all of them are outside my price range!

[@JB73691]

Yes, and I was treated like crap looking for a Job at these places lol

[@Br1anuk]

Very entertaining and thought provoking. I'd like to see a video where someone walks into a main dealer and orders a totally standard 911, maybe only including the racy petrol cap.

[@proteinfart5017]

hopefully it starts to hit the US more as it's still hard to find a 2022 GT3 in the US for under 220-230k usd, the 2018 911.2 GT3 in the US still goes for around 175-200k USD

[@user-uv4ds8od9p]

And Gen Z don’t care about cars so Porsche dealers, enjoy it while you can

[@s.gharavi1614]

I love Gen Z on so many levels!

[@janneshildebrandt1]

Nah Gen Z is still into cars as the other generations…

[@user-uv4ds8od9p]

@@janneshildebrandt1 only when someone is driving them, aka Uber😓

[@danperkins5815]

This sounds a very similar situation as the Rolex watch market.

[@TheCarGuysTV]

Sure is

[@mrbzliteyear]

Where’s the best source to monitor Rolex price declines?

[@choyayahyah]

You think they'll make a gt2 and gt2 rs? Either way, I don't mind it being easier to get these cars. I have a 992 gt3 touring which I love but I did get it used. I hope to build a .2 version of it and get a gt2 rs. I think that would be a perfect combo

[@Jihane996]

Great information and content thanks

[@TheCarGuysTV]

👍🏻👍🏻

[@Carrera-gp9od]

I’m waiting for the 981 cayman to drop a bit before buying one . They seem to be holding their value still , whereas my trade in is just about worthless according to the dealers 😂 It should be a pleasant experience buying a car but it very rarely is 😢

[@Jay-xr3sb]

That's how they work, sell at max price and tell you the market is soft on trade in. I bought a 981 S 1 month ago, £31k fully loaded, 28k miles. Very happy, price has held.

[@Carrera-gp9od]

@@Jay-xr3sb That’s exactly what I’m after . Seems to be loads of 2.7s on the market not so many good spec 3.4s .

[@Jay-xr3sb]

@@Carrera-gp9od agree, I almost went for the 2.7, it's a great little rev happy engine, but the torque was the same as my mk 2 audi TT. You'd have to rev it out a lot of the time. The 3.4 has plenty power, it can get another bump with a tune, where the 2.7 is pretty much maxed out. I'd hold out for the right 3.4 if budget permits. Pse, sports steering wheel if pdk, heated seats and decent rims were my essentials. I ended up with a fully loaded one with a porsche warranty because I checked auto trader daily, right place right time

[@theusefulchannel]

I'm a simple man, I see a Car Guys video, I thumb up.

[@theswissdriver]

such a nice and factual video. 100% true. Same happens at Ferrari at an even larger scale (you need 5 "basic" models to get a special one. You need 5 special one to get a hyper, if you get it....)

[@TheCarGuysTV]

Similar situation, but in my experience, Porsche is worse than Ferrari for this.

[@damonstith6185]

Thx Damian, great post, not happy with Porsche and their allocation favoritism, very discouraging.

[@TheCarGuysTV]

You and me both!

[@richardcarter1000]

Sounds like their smugness has bitten them on the arse. The Taycan is a disaster. 3 times over the last 20 years I've been to a Porsche dealer to buy a 911, spoken to a w@nker of a salesman and driven home in my Ferrari.

[@cw205mi16]

The amount for sale used would suggest it's been a success for Porsche. They have to build them to satisfy regulatory requirements. They can't be fully blamed for the skewing effect of a forced EV market where manufacturers have been compelled to build EVs, almost entirely propped by tax efficient business purchases.

[@conner.9262]

Great content, possibly the consumer is slowly winning….?? And as someone who has already stated….. change those hideous black wheels ffs…

[@TheCarGuysTV]

👍🏻👍🏻

[@Strategic1now]

In 2003 I flew down to the Miami area to visit a friend and we stopped at a Porsche dealer after working construction that day walked around found the one I liked no one ventured out to greet us.. After 30 minutes and continued on our Journeys that day haven't been back to a Porsche dealer since. There are other brands.

[@TheCarGuysTV]

Sadly familiar story. Hopefully, things have changed now.

[@boston3801]

Well done sir! Thank you.

[@TheCarGuysTV]

Very welcome

[@cp4512]

Enthusiasts are happy they can afford the cars, rich car flippers and collectors not so much 😂😂😂

[@ahmadahmal2942]

Porsche Taycan depreciate like cheese, Losing almost $100,000 in value within 3 years what a terrible car to buy.

[@benaantje9365]

Or a brilliant buy second hand

[@aja4191]

You'll find a lot of people who had them were company registered because of the zero BIK tax on ev cars so it was a win win for them.

[@user-io4sr7vg1v]

How many of the new ones does porsche have built already?

[@colnagog6026]

@@benaantje9365 Given the prices of 911 lightweight/lithium batteries, I'd hate to see the bill on replacing the Taycan's batteries.

[@HUMC5]

All EVs depreciate alot.

[@ysmf888]

I have experienced similar when I bought a humble Cayman 987 in 2008, which I still own, and while I was in the dealer I asked the finance manager what was the price of the then new Panamera and was told "it doesn't matter because you cant afford it". I moved cities and found the local dealer to be the exact opposite, but I certainly still remember the slight some 16 years later.

[@henryshannon4169]

Good vid enjoyed that.

[@TheCarGuysTV]

Glad to hear it

[@cupidstunt22]

Still can't afford one unless i win the lottery

[@simoningate2056]

Did they run out of influenzers?

[@TheCarGuysTV]

😂😂😂

[@Nousmourronsseuls]

Nice analysis and presentation. Thanks.

[@TheCarGuysTV]

👍🏻👍🏻

[@D992]

Superb video Damien. I whole heartedly agree with you like a lot of us.

[@TheCarGuysTV]

Thank you - much appreciated