[RoyalPink]

Had six Porsches over the years. Got my first in 1982. Four of those six are worth a small fortune today if I still had them. I'll never forget the exhilarating rush of my 79 930 Turbo. For some reason looking back even today it seems as fast as anything I've ever driven even though I know it's not.

73 - 914
75 - 911S
79 - 911SC
79 - 930 Turbo
89 - 930 Turbo
2019 - GT3RS

 

[RoyalPink]

Selling cars at MSRP with hardly any allocations or used cars won't work for very long. I don't see waiting around for a car at MSRP as a viable option going into the future. I see ADMs becoming somewhat of a survival mechanism for dealerships. With so little used cars in inventory and the trickling in of allocations and deliveries. Dealers will have to do ADMs to stay in business - just my opinion.

 

[RoyalPink]

That $40,000 is actually closer to $5,000 when converted from nominal gain to real gain. At 10% inflation per annum, a car could depreciate at a somewhat normal historical rate in real dollars while at the exact same time appreciate in nominal dollars. Weird times we are in.

I hear what you're saying but most look at it like I paid 200k for the car and four years later I sold it for 240k therefore I made 40k. If you really want to get technical; you could add fuel costs, interest (if any), maintenance, fees, mods, insurance and it would then most likely be a loss.

 

[RoyalPink]

They’re down for sure. STOs got pounded big time. Probably $100K, which is about 20%….maybe not massive, but not small and still no sign of stabilization

Yep. Typical shiny new car depreciation after the initial excitement wanes. Buyers moving on to the next latest and greatest from whatever brand. Rinse and repeat.

 

[RoyalPink]

I bet if James O'Keefe from Project Veritas did an undercover video with a hot date that was a plant with Winkelmann we could get a lot of info like that.