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    Here's the news brief on the 997tt accpetance level

    "GERMANY: Porsche 911 Turbo demand exceeds expectations

    8 May 2006| Source: just-auto.com editorial team

    Porsche has said that interest in the new Porsche 911 Turbo
    with 480 horsepower is extremely high, and that it expects to sell 6,000 units this year.

    Head of sales Hans Riedel told Automobilwoche that order intakes are already quite overwhelming.

    The car goes on sale on 24 July and will cost EUR134,000 in Germany.

    Internal sales plans for the car were around 3,500 sales a year, and Riedel quoted a similar figure of up to 4,000 sales a year.

    Some dealers have already exceeded their quotas, according to the newspaper. A Porsche dealer in Hamburg, for example, has already used up his quota well into 2007.

    Riedel said there may be a way to balance production within the 997 model series to adjust for peaks in demand.

    Riedel was also quizzed on whether Porsche would breach the 100,000 annual sales unit barrier this financial year. Porsche's financial year ends on 31 July. In 2004/5 the company delivered 88,379 cars."

    Re: Here's the news brief on the 997tt accpetance level

    It is good to hear that this jewel is well accepted by the sports car enthusiast...I feel lucky and happy because i don't have to wait beyond 2007 to get mine

    Re: Here's the news brief on the 997tt accpetance level

    There is nothing surprising about that, well...maybe to people who don't quite seem to realize with what kind of car they're dealing here.

    Rumors indicate an availability of around 210 997 Turbo for the german market before the factory vacation. This includes the launch cars for the german market. Meaning: there are actually ONLY launch cars available of which some were already speced out by customers who bought them.
    I also know of several dealers who didn't sell their launch cars immediately to be able to show them to interested potential customers.

    Also interesting: a few days ago I talked to a rep of my favorite lease company, one of the largest in Germany. When I told him about the car I want to lease, he told me immediately that it is impossible because it is sold out for this year and availability for the first half of next year is questionable too. He apparently thought I want to get the car through them directly. When I told him that I already get the car end of June, he told me that I'm a very lucky person. Felt good to hear that.

    Bottom line: 997 Turbo demand is high even before the car hit the streets. I'm not sure I really like it because some cars will definetely be part of speculations, asking a premium for first deliveries, etc. and some other cars will definetely be driven by posers who couldn't care less to appreciate the driving/handling capabilities.

    For some people of course this "acceptance" level is actually something to make them NOT buy the 997 Turbo (hi Nick!... ) but even if Porsche builds 6000 cars per year, I still doubt that we'll see one at every street corner.

    Re: Here's the news brief on the 997tt accpetance level

    RC do you remember by any chance if there was this much anticipation for the 996TT in 2000?

    996tt

    I can answer that - yes! The 996tt was greatly anticipated since there hadn't been a turbo for several years. The early cars were commanding incredible re-sales especially in nutty California where it wasn't unusual to pay 25K-50K over list to get one. But since in the end Porsche makes as many cars as the market will accept, re-sale value dropped to reasonable levels after a couple of years

    Re: Here's the news brief on the 997tt accpetance level

    Porsche is a growing company.
    I expect the 997 range to sell in even greater numbers than the 996 range, including the Turbo version.

    This Turbo early phenomenon happened also with the 996. Give it a year and the Turbo will be widely available.

    I see 996 Turbos everywhere in central London, I suspect it will be the same with the 997 Turbo within two or three years.

    And I don't even mention Carreras! Granted, London is a bit of special case when it comes to sports cars on the streets.

    Re: Here's the news brief on the 997tt accpetance level

    I actually welcome seeing so many 997 around Europe. It makes life easier for me...if you get my point.

    Re: Here's the news brief on the 997tt accpetance level

    Quote:
    For some people of course this "acceptance" level is actually something to make them NOT buy the 997 Turbo (hi Nick!... ) but even if Porsche builds 6000 cars per year, I still doubt that we'll see one at every street corner.



    according to autozeitung, ferrari built 4,000 F430's (spider and berlinetta combined) in 2005.

    pretty much IMO.

    Re: Here's the news brief on the 997tt accpetance level

    Great to see a prob superb car sell in large nos.....so mfr has greater profits and real-world reliability/crash data to reinvest into R&D for future upgrades/refinements/debugs ....I'm still planning to get a new 997TT every yr.....even w/deprec, a $150K daily-use car w/997TT's capabs is awfully cheap IMO vs what guys paid for similar cars 15-20yrs ago.....and they couldn't safely use those cars every day in sun/rain anyway and needed to visit dealer for much more freq mtce....

    Despite much embellishment/exaggeration by people about how "common" certain cars/brands are.....can't say I've ever seen a major city in world where <1yo "big dog" 996TTS/612/575/430/65 are anything but rather uncommon on a rainy wkday commute....or even when surveying the office bldg pkg garages of "likely" owners......but sunny wkends tend to bring out all the wannabes/poseurs w/their "display" cars....

    Re: Here's the news brief on the 997tt accpetance level

    Quote:
    zzboba said:
    Quote:
    For some people of course this "acceptance" level is actually something to make them NOT buy the 997 Turbo (hi Nick!... ) but even if Porsche builds 6000 cars per year, I still doubt that we'll see one at every street corner.



    according to autozeitung, ferrari built 4,000 F430's (spider and berlinetta combined) in 2005.

    pretty much IMO.



    I'd like to see production capped at 4000-5000 cars per year... REGARDLESS OF DEMAND.

    Re: Here's the news brief on the 997tt accpetance level

    Quote:
    zzboba said:
    Quote:
    For some people of course this "acceptance" level is actually something to make them NOT buy the 997 Turbo (hi Nick!... ) but even if Porsche builds 6000 cars per year, I still doubt that we'll see one at every street corner.



    according to autozeitung, ferrari built 4,000 F430's (spider and berlinetta combined) in 2005.

    pretty much IMO.



    They'll build even more, I heard that production will be increased but still not as high to fully satisfy demand. It seems that Ferrari wants to keep a healtyh parity between demand and availability. I'd say that 5000 F430 or slightly more for 2006 or 2007 wouldn't surprise me.

    Regarding the 997 Turbo: although people like to view the 911 Turbo as a "regular" member of the 911 family, it actually isn't. The 911 GT3/Turbo/GT2 are actually another 911 family besides the Carrera family, so 6000 cars may be a lot compared to cars like a Caterham Super 7 for example. But still...a very limited number.

    Re: Here's the news brief on the 997tt accpetance level

    Quote:
    Alan(NJ) said:
    Head of sales Hans Riedel told Automobilwoche that order intakes are already quite overwhelming.

    The car goes on sale on 24 July and will cost EUR134,000 in Germany.



    you mean june 24... right??

    Re: Here's the news brief on the 997tt accpetance level

    Is there any information to what extent the Turbo will have a negative affect on 997 and 997S sales?

    BTW, the most exclusive car in the US is the 996 2005 GT2. They only built and delivered five (5) for the US market. Yet its value probably has sunk about 30-40%. Once the 997GT2 is introduced, the 996GT2 will suffer additional depreciation.

    The 997TT will suffer substantial depreciation within one year.

    Re: Here's the news brief on the 997tt accpetance level

    Quote:
    nberry said:
    Is there any information to what extent the Turbo will have a negative affect on 997 and 997S sales?

    BTW, the most exclusive car in the US is the 996 2005 GT2. They only built and delivered five (5) for the US market. Yet its value probably has sunk about 30-40%. Once the 997GT2 is introduced, the 996GT2 will suffer additional depreciation.

    The 997TT will suffer substantial depreciation within one year.


    the 996TT did not suffer any depreciation the 1st year it was introduced...they were actually going 20-30k over sticker if I remember correctly

    Re: Here's the news brief on the 997tt accpetance level

    That is because they were limiting production to 2500 cars. They then opened the flood gates. Many TT owners got burned pretty bad.

    Re: Here's the news brief on the 997tt accpetance level

    Quote:
    nberry said:
    That is because they were limiting production to 2500 cars. They then opened the flood gates. Many TT owners got burned pretty bad.



    I thought I read somewhere that 997TT production will be pretty limited.

    Re: Here's the news brief on the 997tt accpetance level

    Quote:
    nberry said:
    Once the 997GT2 is introduced, the 996GT2 will suffer additional depreciation.

    The 997TT will suffer substantial depreciation within one year.


    Wishful thinking on your part. Sad that you seem to suffer from a serious case of Schadenfreude.

    A reasonably optioned $140k 997TT will take a couple of years before annual depreciation exceeds single digits.

    Re: Here's the news brief on the 997tt accpetance level

    Quote:
    Crash said:
    Quote:
    nberry said:
    That is because they were limiting production to 2500 cars. They then opened the flood gates. Many TT owners got burned pretty bad.



    I thought I read somewhere that 997TT production will be pretty limited.



    Thay are looking at producing 6000 or more per year. Anyone who things that the 997TT will only suffer single digit depreciation after two years is smoking something.
    Do not lose sight of the fact it is a Porsche and the TT status will not help it.

    Re: Here's the news brief on the 997tt accpetance level

    Quote:
    nberry said:
    Anyone who things that the 997TT will only suffer single digit depreciation after two years is smoking something.
    (read the post again, single digit/year... means < 20% over two years!)



    Just a delicious after-dinner Cohiba, or did you mean smoking an F430?

    btw congrats on your 2000th post!

    Re: Here's the news brief on the 997tt accpetance level

    hahha...good one Damian. I beleive ferrari produced around 5000 F430s (coupe and spyder) in 2005. So 6000 worldwide is not bad.

    Re: Here's the news brief on the 997tt accpetance level

    Quote:
    nberry said:
    Quote:
    Crash said:
    Quote:
    nberry said:
    That is because they were limiting production to 2500 cars. They then opened the flood gates. Many TT owners got burned pretty bad.



    I thought I read somewhere that 997TT production will be pretty limited.



    Thay are looking at producing 6000 or more per year. Anyone who things that the 997TT will only suffer single digit depreciation after two years is smoking something.
    Do not lose sight of the fact it is a Porsche and the TT status will not help it.



    With 5000 produced F430s, I don't think things will be that bad for the 6000 Turbos. If they don't further increase production, the depreciation will be just fine, no more than that garage queen of yours .

    Re: Here's the news brief on the 997tt accpetance level

    Quote:
    nberry said:
    That is because they were limiting production to 2500 cars. They then opened the flood gates. Many TT owners got burned pretty bad.



    No they didn't, it is a car, it will drop between 30 and 50% over the first 4 years, like any other car except Ferraris bought at MSRP, which the majority of us can't do.

    Nick, if we listened to you, none of us will be driving a sports car, cause we can't buy Ferraris at MSRP. So please stop rubbing it

    Re: Here's the news brief on the 997tt accpetance level

    It will depreciate as much as the previous turbo version...But what is important is that with 6000 cars/year they can keep the price a little friendlier than F. cars.

    Re: Here's the news brief on the 997tt accpetance level

    Quote:
    polo said:
    It will depreciate as much as the previous turbo version...But what is important is that with 6000 cars/year they can keep the price a little friendlier than F. cars.



    Also, in order for a Ferrari not to depreciate like a rock, the mileage has to be kept ridiculously low.

    Can you think of any sillier

    than buying a car for 50K over MSRP and then keeping it in the garage and looking at it because to drive it more than 2K miles a year means huge depreciation? I can respect those that have the means to spend $250-$300K on a car, drive it hard and not care how much it depreciates. But people who spend that kind of money and then don't drive it because the value drops like a rock, I just don't get them. Why bother in the first place?

    Re: Here's the news brief on the 997tt accpetance level

    Quote:
    Damian said:
    Quote:
    nberry said:
    Once the 997GT2 is introduced, the 996GT2 will suffer additional depreciation.

    The 997TT will suffer substantial depreciation within one year.


    Wishful thinking on your part. Sad that you seem to suffer from a serious case of Schadenfreude.

    A reasonably optioned $140k 997TT will take a couple of years before annual depreciation exceeds single digits.



    What magical 996TT/997TT are we talking about?!?
    If you have such a beast... I'll buy it.

    Re: Can you think of any sillier

    Quote:
    Alan(NJ) said:
    than buying a car for 50K over MSRP and then keeping it in the garage and looking at it because to drive it more than 2K miles a year means huge depreciation? I can respect those that have the means to spend $250-$300K on a car, drive it hard and not care how much it depreciates.



    Like Mike S

    Re: Can you think of any sillier

    Quote:
    Hurst said:
    Quote:
    Alan(NJ) said:
    than buying a car for 50K over MSRP and then keeping it in the garage and looking at it because to drive it more than 2K miles a year means huge depreciation? I can respect those that have the means to spend $250-$300K on a car, drive it hard and not care how much it depreciates.



    Like Mike S



    Ditti what they said. Plus factor in the high cost of ownership with a F car; that you can't drive much.

    Re: Can you think of any sillier

    i dont think 6000tt per year is a big number,pretty close to the 5000's f430's ,but still far from 1050 gallardo's..

    Re: Can you think of any sillier

    Quote:
    dhayek said:
    i dont think 6000tt per year is a big number,pretty close to the 5000's f430's ,but still far from 1050 gallardo's..



    You are forgetting there are ONLY 5000 430 Ferrari's on the road. With the 997TT and the look alike Porsche styling there will be close to 50-60,000 ayear. Then think, each year and each year 60,000. Not a pretty picture.

     
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