2024 Porsche 911 - Why is it so hard to buy one new? 992 Waitlists & Allocations Deep Dive
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- เผยแพร่เมื่อ 28 มิ.ย. 2024
- In this video, we talk through why it is so difficult to buy a new Porsche 911 and how there are very few in inventory across the US. Waitlists, allocations, and other industry comparisons are all covered in this deep dive.
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From NYC here… I put my name on 6 waiting lists for 992 allocation in early July. I went as far as Mechanicsburg, PA. Told each dealer I’m only interested in MSRP, no ADM. Only 2 dealerships required refundable deposit.
Ultimately, I probably got lucky but I think production is accelerating and also people are backing out due to economy. If you’re seriously in the market, get on multiple waiting lists!
3 weeks later, I get a call from 2 dealerships that an allocation is available. I ended up going with the Mechanicsburg, PA (3 hrs away from me) since they were the first to get back to me. I have an expected delivery date in December with all paperwork signed.
Good info and strategy. Awesome that you secured an allocation - congrats!!!
Here's the thing, you'll never get the car. The dealer will 100% sell it out from under you. You may think your contract is solid, but trust me, it isn't.
Don't be overconfident, most of the times dealerships sells your car to anyone willing to pay more than the MSRP
@@sergionegretej.5758 @raceboy1971 The dealership has an MSRP only policy. Did some research into validating this. Ive got a commission # and everything so I’m pretty confident.
Just to add to this. I purchased my Taycan out of state from Mechanicsburg, PA and this was during the time that getting a Taycan in mid 2022 was next to impossible with ADM. Most dealers didn't even sell outside the market. Overall other than a slip up with my LA delivery option which was fixed and taken care of, everything went well and the car is still doing great. Their dealership worked out well for me so I'll recommend them.
The only way you will get one without having a long standing relationship with a dealer at anywhere close to MSRP is to buy an in-stock vehicle or 2 off the dealer's lot.
If a dealer tells you they have an allocation for you otherwise, they are simply using you to get the vehicle into the dealership to then sell it out from under you.
This is an excellent video and presentation. Great tone and pace, and mix of car footage and data that is easily digestible. I like how you posed questions as roadmaps and segues throughout. Just really enjoyable. I have a 718 Spyder and I love it to pieces. I’ve owned many 911s from 993 Turbo to 991.2 Carrera.
Greatly appreciate the kind words. Thank you! Also jealous of your 718 spyder. Heard those are amazing cars. Enjoy in good health!
Great analysis and insight! Thanks and good luck. Would like to see more of your vids!
Thanks very much!!!
You're off to a good start young man. Excellent video.
I too remember the days it only took money
Thank you for the kind words!
I thought you’re going to segue into a comparison of other sports cars that merit a competition with the 911 at the end of your video! But the emotion attached with the 911 took over :D
Great video!
This is a beautifully executed video. You will certainly get tons of subs in the near future.
Thanks for the kind words!!
When I bought my Ferrari 488 a few years back, I had to sign a doc saying that the dealer got 1st option to buy the car if I wanted to sell it. I also believe that there was a limit on how much I could sell, it as well (but don't recall the terms exactly). While I could understand why the brand wants to do this, it doesn't stop things like my local Porsche dealer trying to resell a 992 GT3 for 40% over MSRP (which is just dumb, and they weren't able to sell it at that). So, it just allows dealers to flip and mark up cars. They all do it unfortunately.
Really interesting! Basically had to sign a clause of first refusal to the dealer? Good info. Agreed this issue is becoming more pervasive in other brands as well. Thanks for your insight!
Another point- many dealerships only sell to local customers (if shopping new). They want to get the trade in and don’t want the car leaving the area.
Dealers sell local for future service work. Think of a 911 as a razor and service as the razor blade.
Doug Demuro stated that he would not buy a Ferrari because you have to LOSE a million dollars to get a new one. Great analysis. Thanks.
Another issue is that even with a base or Carrera T with few options, interest rates plus the increase in base prices are forcing many folks into leases unless they have all the cash to buy the car outright. I was fortunate the dealer did MSRP and didn't add ADM, but in previous years (pre-pandemic) I would consistently get 7-8% off MSRP even if I ordered the car instead of getting it off the ahowroom floor.
Very good video, thank you for sharing
Thank you!
Nicely done man!! 👏
Thank you!
Spot-on. I have a dream Porsche collection and a dream watch collection...and dealers will always cater to their best customers.
Perhaps you should list your collection and we can see if it really merits being on the dream scale! Same with the watch collection!
@truthsayerq7264 my watch collection is even more impressive, by the way
@@truthsayerq7264 992 GT3 (manual), 992 GT3 RS, GT4 RS, 992 GT3 Cup, and a Macan S that will soon be upgraded to the fastest SuV on the Nürburgring...the Cayenne Turbo GT. My watch collection is relatively more impressive.
I ordered a 911 on 11-20-22. Got allocation on July 20 2023.
Car price with options $145K delivery 11-9-23 for the 2024 model.
This is my first Porsche ever!
Congratulations!! That’s awesome news
Just curious…..how were you able to order prior to getting an allocation ?
@@unclebob4964 maybe online
The price for a 911 turbo s is crazy now. I have always loved 911 Turbo S. So I went online to configure one at Porsche Canada out of curiosity. It came up to almost $400,000. That's for a turbo S. Not even a GT3 or GT3 RS. A base 911 turbo is 323,000
Excellent video! But you did forget one thing: the 718 production line was sent to the Audi factory to allow for a 30% increase in production for 911’s @ the Stuttgart factory.
We should see that extra 30% by November-ish of this year. ⏳
Interesting info!! Hadn’t heard that, just gave it a google and saw that may be part of the effort to electrify the 718 platform. Wonder if the VW/Audi factories are better tooled for that lift as well. Thanks for the heads up on that!!
You should see an increase in 911 output by November of this year. It was all spelled out in a car magazine article + press releases from Porsche
Will it lead to increased 718 production as well?
@@tobi_dg that, I don’t know! Maybe?! But the 718 ICE days are numbered at this point.
Great video. Would love to see an analysis of the 718 as well which is also hard to buy.
Thank you! And appreciate the suggestion - I’ll look into it!!
Great content. Keep it up.
Would love to hear this same analysis for Ferrari.
Thank you! Great idea... I'll look into that!
This whole Honda R thing is crazy. And a markup? Good video by the way.
After 1 year waiting, finally got a GTS from my local dealer. Will arrive next month. In this time, I’ve bought a Cayenne for my wife and a Panamera 4 e hybrid for myself. So, looks like it’s true that they give priority to some costumers that already bought other models.
Well done Sir, well done.
Thank you!
Two weeks ago talk to the sales person at the local Porsche dealer said he had a opening top of the list for a base Carrera allocation in Februaryish, no problem, now I gotta figure out how to pay for it lol
15:18 Oh man, I got to drive a 992 Carrera (Base) for 1 day about a month ago. I still think about it all the time
Been on the wait list for a GT3 for almost 2 years now. Dealer estimates 2 more years to go
Wow - good luck and hope you get bumped up sooner for an allocation. It will be worth it, but that’s a brutal wait time
Porsche may not like ADM's but they exist here in Texas. Several dealers I have talked to have ADMs (San Antonio, Both Austin dealers, Plano) the ones that don't require you to pay ADM require either to have previously purchased a car, or you need to buy some car off the lot to then turn around and trade. That includes them requiring you to finance with them for 6mo. and buying warranties.
The brand extension is what keep them in business…but still it’s crazy that now wither u try to get a GT3 or a base 911 it’s the same weight time that’s bonkers great break down 👍
Yes, completely agree. Doesn’t make much sense with the production numbers being so strong on the 911 but that’s where we are currently in this strange world. Thanks for you comment!
I waited 14 months for my 2023 911 Carrera S. We have been looking at ordering another one, a higher dollar 911, and we keep hearing a dealer markup even after having to order it. It’s absolutely nuts.
That’s wild - wow. Good luck!!!!
I got an allocation for a 2024 Carrera T in July 2024 at a local but large dealer-no ADM. Since then (it’s now Nov. ‘23), there have been several opportunities for a T allocation, still time to configure to their spec (my SA has asked me if I know anyone looking). I’ve hooked up multiple interested people, and guess what? They aren’t serious about buying a 911 when given the “opportunity.” Not sure why or what this means.
There are no new 911s in Atlanta. I've been on allocation wait list for 9 months. I expect I will be order in December 2024.
I recently came around to the idea of ordering a 24 Carerra S 7speed. I was hoping the economy and 8% interest rates would make one easier to buy.
What is Porsche doing to stop ADMs? Most dealerships I’ve gone to in FL want 25-50k ADM for a 992 GTS. And I’ve had a 991.1 S, 991.1 GTS, 991.2 GT3 and currently have a 718 Spyder (bought at MSRP) (all purchased at Porsche Hawaii) and a 996.2 Aerokit. The Florida dealerships are the worst, and to me at least, the ADM’s completely tarnish the brand. It’s beyond frustrating.
Awful to hear that. Would rather be waitlisted than someone acting me like they are doing me a favor by offering a car with an ADM
Are corvettes any easier to get a hold of. There are not that genuine sports cars out there. Lotus are not any easier to get a hold off.
no hay que desesperar . Me paso' lo mismo en 2022 con un BMW M . Todos tenian sobreprecio de 10,000 a 15,000 para ordenes de produccion que se entregaban en 6 meses. Lllame a varios dealers y encontre' uno que me respeto' el MSRP . Hace pocos meses busque' un Macan base y pedian 80,000 ! 30,000 + que su hermana Q5 .No era un GTS , un S , era el base .Compre' una SUV de la competencia . Ya se va a acabar la fiesta de sobreprecios . Hay que ser pacientes
Great video, but the videographer is incorrect as people are definitely paying additional dealer markup when purchasing a new Porsche from a Porsche dealership.
Bad news for most people but this is how the world works, and the dealers want to take care of their best customers like any other business would.
No denying that. Relationships matter
@@NorthoftheWallGarage good vid brother
Exactly...just like with highly desired watches. I get cars and watches first, and at MSRP, but in Porsche's case I got into the racing world with them. The great thing is, I didn't even lose money on my race car.
It is not just the dealers who are feeling the issues. Everybody from consumer through to manufacturer is feeling it. I can explain in detail the exact reasons why this is happening to Porsche and why it is not a passing phase and will affect every German manufacturer.
Guess this doesn't count for me.. i got my allocation in 2 days and took delivery of mine last week!! Nuts!!!
My man is connected! Congrats!!!
I saw a statistic online that said that 7,800 911’s were delivered to the United States dealers in2022.
Just not enough.
Very well done video, dude! The situation is sad, but true. Looks like I will gladly get a McLaren vs adding to the 992 madness; I'm in my 2nd year waiting for an allocation just for an "S". A Carrera S is NOT worth $160k at MSRP. My C8 outperforms a C2S in looks and performance. I'd rather trade up into a McLaren or even used Ferrari at this point.
Thank you! I agree with your choice honestly, $160k for a C2S is criminal. I know the inflationary environment is out of control over the last year+ but a 15% YoY MSRP change is brutal
Great video. I had a 2021 C2S and got it for $5k off MSRP in March 2021. Prior to that I had a (2 year old at the time) 2017 C2 and got it certified with 12k miles for $72k.
I took the money and ran on both cars.
Just like many, I grew up with a 911 poster on my wall. I must say though I’ve turned my back on 911’s for now. Cars in general have gotten so fast and the 911 in my opinion is insanely overpriced right now.
With that said many people disagree with my opinion as shown by the prices. 911’s are great cars but since selling my C2S I’ve driven a Lotus Evora GT, an M3 xDrive, a C8, and now an M8 and haven’t missed owning a 911 at all. Too many other great cars out there that can be had for a fraction of a base 911.
Thank you! Good timing on your part in picking up your 911s. I’m inclined to agree with you, though I couldn’t afford to buy one new without going back to 2 cars and daily driving the 911. Even used their values are incredibly high, to the point where there are many other interesting options. I really want one some day.. like a 991 Carrera T or something like that, but also not going to pay $100k+ for a used one. Who knows when the madness will end.. but for those who can comfortably buy one right now, that’s awesome haha. Thanks for watching!
@@NorthoftheWallGarage I nearly ordered a 992 Carrera T with a manual last year. They told me the wait would be a year and after a $10k dealer markup the price for my spec would be about $150k. I couldn’t do it.
Just like most people I was not born with money and it breaks my heart that Porsche is pricing out hard working fans with their price hikes.
With that said they made my decision easy to appreciate what other brands have to offer. When I see a new 911 drive by all I see now is someone who overpaid for their car.
@jgway9980 close friend scored a Carrera T for msrp allocation deliverable this January, but he had a significant relationship with the general manager or the dealer. Crazy how this is all filtering down to the “base” 911s.
agree.....snobbery tax levied
Porsche will hit hard as with other luxury brands like Rolex.
Interest rates.
In the UK you can some models of the 922 in the show rooms.
Interest rates is there to kill off luxury spending.
Rolex has the sign for display only.
Not anymore in the UK for some AD.
Some AD don't have that sign anymore.
Very interesting. My video was US focused and good to hear there is availability in the UK. I wonder if the right hand drive market behaves a bit differently given it’s limited scope. Thanks for the info!!
Hi there, China market has lowered its Porsche orders by 20% at least.
This was around 1 year ago.
The reason is China rich are not that rich anymore, and the economy is tanking big time.
Porsche will make more 922 for other market, like Europe, UK and USA.
Porsche dealers were doing mark up.
I hope this leads to a lighter, more exotic 911 across the range.
I think the Carrera T was an attempt at that but I agree - too much to ask to give us a 911 with cloth seats and no screens for $80k? 😂
The real problem is that western world has entered a period of inflation and production contraction. So people may try to agree that should not affect Porsche who make their own cars but it affects everything in economic terms from raw materials, machines, components, labour and a thousand other things. And before you say it this has been a slow building problem since before the pandemic.
My local dealership has six 911s for sale. Most of them are brand new. But, my Lord the prices and 10% interest rate!
That is just the reality of supply and demand economics.
Porsche in China is crashing, 992 easily 15% discount, if u choose finance payment 20% discount. If you buy on business day, u could drive one off lot on that day cuz dealership let u drive off with temporary plate.
One: Car collectors and investors know that hybrid and electric cars will take 95% + of the market for new cars starting 2025. Starting either 2024 or 2025 the 911 will be all hybrid (with no ice offerings) & this hybrid variant won't sell well or be adopted by 911 purists.
Two: Car collectors and investors know that most Porsche models bought at the end of the production cycle for gas engines ie 2022, 2023, 2024 will be rare and sought after.
Three: Porsche doesn't produce that many 911s. 911s are a boutique small production run vehicle, even at their price.
There is no way 911 will be all hybrid in 2024 or 2025. That's 992.2 model which is not designed at all for a hybrid powertrain. If Porsche goona do all hybrid for 911 in 2024 or 2025, everybody will know about this. We live in 2023. Next generation(994) still will be ICE. Maybe in 2034 or 2035.
Porsche is a nice car, but it is not worth the money. For the price of C2S I can have C8 and F150 Raptor.
Porsche is creating artificial demand intentionally by limiting the number of cars available INTENTIONALLY. I was told this by a Porsche salesman. Turned me off completely. As a result I took the 911 off of the list of cars I was considering.
Very interesting.. haven’t heard that but it doesn’t seem like they are exactly rushing to increase production
@@NorthoftheWallGarage Pretty weird thing for a salesman to volunteer to someone if you ask me, but this was literally said to me. Put on top of this that stuff where they are not selling cars to anyone that does not agree to at least 20k to 30k of upgrades, and it starts to get a bit silly if you ask me. If these were not status cars before, in my view they are fast becoming status cars. It seems this experiment called the pandemic has gone to the head of these manufacturers. It would seem that they have realized that they can make the same or more profits on fewer cars, and that is what they want to do. Sure what it looks like to me.
@@dlj1285
There is no artificial demand practise. German industry is in decline. There are several factors at play such as labour shortages, energy shortages and lack of raw materials. Germany also hitched its wagon to a cheap unreliable energy source that is now running dry.
@@Art-is-craft Agree to disagree. I was told this directly by Porsche of all people, so you’ll have to forgive me if I’m not fully buying into yer analysis. Some of what you say is true, obviously, but not fully. This is for sure at this point. They are all doing it to some degree. The Pandemic showed them their new business model that will persist. That is their intent at this point, despite what you say.
@@dlj1285
Germany right now has an overage workforce with the largest number of workers being in their sixties. Industrial energy costs in Germany have increased ten fold. BMW have seen the price of their products increase by about 40% over the last decade. This is not my personal analysis it is the accepted industrial condition of Germany.
Wrong. There are really no 911 cars available in the US at all. Especially in major markets. Wrong again in that if you order a 911 you can get it in about 3 months. Check TH-cam for examples.
Yes the 911 is there best car, but the rest is suspect, so don’t buy there other stuff, don’t use there service depots.
It’s hard to buy one new because most people make $60k a year.
If you don’t have relationships, you can make $400k a year and still not have one in your garage. The money gets your foot in the door of course, but a lot more to it than that sadly
So hard to buy and so overpriced
Because Porsche sold 46% of the inventory to china now they china is hurting hopefully some will come back to the USA
Big mistake Porsch there are other makers who make just as good a product.
No absolutely no other brands have achieved such perfect engineering as Porsche. Some brands can be as good as Porsche in a particular domain but will be worse on the others domains
There are only two sports car brand options and that is corvette and Porsche. Next up is super cars that cost 3 times as much.
Porsche can keep their cars to themselves with the dealer markups, all the tantrums and attitudes. My business is going to Corvette. It's a faster, sharper, more exotic looking car with ZERO tantrums thrown at the consumers.
That’s fair - very different experiences and each great cars. New Z06 looks like an incredible experience, just wish they didn’t kill the manual!