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EricAlain said:
Just to add my 1 cent comment.
Nick said at some point that Porsche sold only around 70 CGT. This is not true.
CGT sales in North America are not bad at all !!!!
In 2004 (calendar), Porsche delivered to final customers 188 units and 11 were sold in Canada or a total of 199. So far this year (Jan and Feb), Porsche delivered 38 units in the US and 1 in Canada or a total of 39.
If we now move to FY (Aug to July) to align with Porsche's reporting period, we see that in FY 03/04, 80 units were sold in North America (US+Can) and so far this year (7 month into FY 04/05), 158 units were delivered.
Let's look at output.
FY 03/04 270 units (28 in H1 and 242 in H2)
H1 04/05 323 units
So, so far this year (fiscal), more or less 50% of Porsche's output is going to North America which is in line with Porsche overall sales. If it was not the case in 2003/04 it's because, deliveries in the US started way after those made in Europe and in other countries. 1 CGT was delivered in January 2004, 3 in Feb 04 and 4 in March 04 .... and now the monthly rate is around 20-25 units per month.
Bottom line, I'm pretty sure, Porsche will be able to sell 1,500 units over 3 years (FY).
Mar 17, 2005 8:53:33 PM
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nberry said:
Carlos you continue to not understand the difference between performance and value.Your list deals with over all value of an autonobile. The 350Z and the Corvette when compared to the 996/997 have come out ahead as to the better car in more than one magazine. The only magazines that rated them below the 997 are the British ones.
Also, if a 350Z can stay with a 997 and a Corvette beat a 997 on any track for less money that would not put a smile on your face?
Mar 17, 2005 9:20:14 PM
Mar 17, 2005 9:36:04 PM
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A430v said:
Really guys, we need to stop this. Nick...you have to quit "thread-jacking" whenever a CGT thread pops up. The original purpose of this thread was to help a fellow member locate a CGT, not debate depreciation figures and the car's worth. It's like the board is repeating itself, CGT thread pops up...Nick comes to bash Porsche's depreciation and the value of P-cars...us enthusiasts come to defend Porsche. I'm tired of it.
Let it rest Nick! We all know where you stand already. I mean...look at your buddy Ben. First, he was all worried about the depreciation of the CGT and it's hard to handle characteristics...even threatening to back out of the car. Now look, he's completely changed his tone. He loves the car, more so than his Stradale and even commented I think on 6-Speed that he doesn't really worry about the depreciation. He's gonna drive the CGT and enjoy it!
You always fail to account that Ferrari's depreciate too and many cars on the market can match the performance of say an F430, 575, etc. In all your responses, you fail to counter the realities mentioned above and also put forth by members like Carlos. I LOVE Ferrari Nick, I would die to have one in my garage. As mentioned ages ago...we don't go to the Ferrari side, questioning your marquee every time a thread shows up and I think you need to stop this on the Porsche board.
It's ridiculous...but who knows, maybe you crave the attention.
Cheers,
-Nick
P.S.: Who knows...maybe in 10-15 yrs time, the CGT will be worth a lot too. Take the 959 for example - pristine ones are going for nearly 300k USD.
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racerx said:
Hey Ben,
we have heard you and nick praise your cgt in the past, but i would like to know now that you have had it for a while if the clutch is something that you don't even think about anymore?
Any new tales of its prowess?
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nberry said:Quote:
Carlos from Spain said:Quote:
nberry said:
The result has been those that buy a new Porsche suffer substantial depreciation in ownership. But most buyers rationalize the decision but telling themselves the car is not an investment but for enjoyment. Right on!
Those who can appreciate and enjoy sportcars for what their intended purpose is realise they are depreciable assets and buy what they want "to drive" and gives them most pleasure and enjoyment doing so within their economic posibilities, and those that don't and are missing out on that tend to regard them as a cold investments and judge their purchases soly by investment standards and other non-driving related issues if you they afford it and its worthwile for their onwners then were is the problme? its not like Porsche's depreciation is bellow market average, here in Spain is among the best in the market and if you consider running costs, insurance, versatility, etc. then the cost of onwership is much lower than Ferrari, Lambo, etc.Quote:
GM Austin said:
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I give about half an hour before Carlos engages the counter attack ...
And it's only taking that long because he's with a patient!
Unfortunately I can never connect while at the clinics, no time, but fortunately for nick I have the evening off
Yet, a new one can be had for around $400,000 when MSRP is $448,300. Porsche through greed killed this car. In another year it will be selling in the low $300,000. It is probably what it was initially worth.
Porsche is fat and happy and the owners have nothing more than performance to salve their financial wounds.
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nberry said:Quote:
W8MM said:Quote:
nberry said:
Porsche is fat and happy and the owners have nothing more than performance to salve their financial wounds.
Is this supposed to be pithy?
Performance is EXACTLY why I spent the money on mine
Pithy is when a Ruf modified 993TT can run with if not out run the CGT for about 1/3 the price IF performance is only what matters to you.
Mar 17, 2005 10:17:01 PM
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A430v said:I mean...look at your buddy Ben. First, he was all worried about the depreciation of the CGT and it's hard to handle characteristics...even threatening to back out of the car.
Quote:
A430v said:
Really guys, we need to stop this. Nick...you have to quit "thread-jacking" whenever a CGT thread pops up. The original purpose of this thread was to help a fellow member locate a CGT, not debate depreciation figures and the car's worth. It's like the board is repeating itself, CGT thread pops up...Nick comes to bash Porsche's depreciation and the value of P-cars...us enthusiasts come to defend Porsche. I'm tired of it.
Let it rest Nick! We all know where you stand already. I mean...look at your buddy Ben. First, he was all worried about the depreciation of the CGT and it's hard to handle characteristics...even threatening to back out of the car. Now look, he's completely changed his tone. He loves the car, more so than his Stradale and even commented I think on 6-Speed that he doesn't really worry about the depreciation. He's gonna drive the CGT and enjoy it!
You always fail to account that Ferrari's depreciate too and many cars on the market can match the performance of say an F430, 575, etc. In all your responses, you fail to counter the realities mentioned above and also put forth by members like Carlos. I LOVE Ferrari Nick, I would die to have one in my garage. As mentioned ages ago...we don't go to the Ferrari side, questioning your marquee every time a thread shows up and I think you need to stop this on the Porsche board.
It's ridiculous...but who knows, maybe you crave the attention.
Cheers,
-Nick
P.S.: Who knows...maybe in 10-15 yrs time, the CGT will be worth a lot too. Take the 959 for example - pristine ones are going for nearly 300k USD.
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ben, lj said:
... i'm not certain, but i wonder if porsche changed the default rear sway bar setting from full stiff on early 04s to one of the lighter settings later.
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W8MM said:Quote:
ben, lj said:
... i'm not certain, but i wonder if porsche changed the default rear sway bar setting from full stiff on early 04s to one of the lighter settings later.
After I figured out where to look, I peeked under the CF shroud covering the trailing edge of the opening for the engine compartment. Well, ... it took some interesting contortions
My CGT, delivered in late February, is set to full stiff on the rear sway bar. That is, the bolt is in the hole farthest away from the tip of the bar end (shortest lever arm length).
Ben, if you stick your head far enough down into the rear of the engine bay, and look under the CF skirt, you'll see how yours is set up
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ben, lj said:
Thanks Mike. Mine is set in the middle hole! I wonder if Porsche read what I wrote on this and several other message boards and set mine up like this for me at the factory?
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ben, lj said:
... it's not nearly as nervous during moderately high speed cornering as was Larry's. ... I can drive mine much faster because it seems more planted at even higher speeds than was Larry's and also seems more progressive when the limit is being reached (and breached).
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W8MM said:Quote:
ben, lj said:
... it's not nearly as nervous during moderately high speed cornering as was Larry's. ... I can drive mine much faster because it seems more planted at even higher speeds than was Larry's and also seems more progressive when the limit is being reached (and breached).
Like I said, a little less oversteer tendency is a good thing!
It's my impression that the adjustment range on the rear bar is not too gross. I always assumed that the range of over/under-steer controlled by the rear bar setting was somewhat narrow, and wouldn't fundamentally change the character of the car. Your description seems to verify my intuitive assumptions.
Now, where's that Torx driver set for the CF panel fasteners and my Snap-On box wrenches for the link bolts?
On second thought, maybe a trip over to the dealer would work, too.
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ben, lj said:
... I think you will be pleased with the middle hole setting if the two cars I've driven are indicative of the results.
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wan888 said:
Thanks everyone for the reply ...
It's been awhile since my first post ... anyone got any idea of the market value now ?
My bro and I would like to get one right away .. preferably yellow.
Anything to look out and anyone know of any dealer that'll arrange export ?
Much appreciate you help.
thanks
Charles
May 12, 2005 5:04:47 AM