Has this impacted sales prices/discounts on Cayennes or Macans? If not, what are the impacts on supply and demand? Will the factory slow down to maintain price?
Thanks
https://finance.yahoo.com/news/porsche-joins-tesla-in-warning-about-high-rates-181123085.html
on the high end probably not. they still sell every GT product they make. even GTS models are hard to come by. Many of the regular 911s have wait lists like the T and Targa.
My credit union will offer me 4.49% at 60 months, which is the lowest I’ve seen anywhere. Obviously, I’d like it lower, but it’s substantially better than the 6-9% that Porsche Financial offers. I think Cayennes and Macans would suffer in sales due to high interest rates because those are the models likely to be financed in full with little to no down payment.
Whereas sportscars are aspirational purchases. Either the sportscar buyer is incredibly wealthy and will pay it in full with cash. Or the sportscar buyer is a regular person that has been saving up to buy it in full with cash or is putting down a substantial down payment and financing the rest. I fall under the latter. There are probably some that finance a Porsche sportscar in full, but I think the high interest rates will drive them away from doing so.
I don’t think Porsche sportscars sales will suffer at all. Allocations are limited and demand remains high, from base model 718s to 911 S/Ts. The Macan and Cayenne will likely see a dip in sales from the, “what’s my monthly payment?” buyers until Porsche starts doing incentives on base model Macans and Cayennes that have been sitting on the lot.
I think Porsche has the most flippers.
4 of my neighbors ordered a Porsche got it and drive 100 miles and sold it.
The leases are getting killed right now on the SUVs. Not too hard to get 5-10% off msrp on them.
With Porsche financing, great income and credit you can still get decent rates compared to the average person. I’ve seen as low as 4.9%. I mean that doesn’t compare to the .7% I got in 2021 but still good. In our area the rates haven’t had any affect as Porsches can’t even stay on the dealer floors long.