Rennteam 2.0 - EN - Forum - Wall Street article on the 997 - Page1

Mar 25, 2005 4:57:51 PM

nberry: Rennteam VIP; Loc: La Jolla, USA , United States; Posts: 13630, Gallery; Registered on: Apr 11, 2002

Wall Street article on the 997

Here some quotes

So when Porsche decides to redesign the 911- something it hasn't done in seven years- people pay attention. But unlike the average skin deep face lift the Carrera's makeover this year involves a lot of internal changes while leaving the exterior looking much as it has for the past four decades. In deed, in some ways, the latest looks older than the car it replaces.

That is good news for Porsche fans ( article discusses that many thought the 996 looked too much like the Boxster)

The article continues" That all around appeal is especially important now, because sales of Porsche's sport cars have beeen slipping. Though overall sales, driven mainly by the new Cayenne SUV, rose 11% in 2004, sales of its sport cars fell 15% from a year earlier and are down 43% from the peak in 2001. As enthusiasm for the Cayenne fades,the Carrera will have to take over again as the face of Porsche."

Sales down 43%. WOW! Now you know why they are building the Cayman and the sedan. You know I get tired of being right.

Next
Threads

Mar 25, 2005 5:03:48 PM

GM Austin: Rennteam Moderator; Loc: Texas , United States; Posts: 3529, Gallery; Registered on: Sep 10, 2002; Reply to: nberry

Re: Wall Street article on the 997

Quote:
You know I get tired of being right.

Yes, we all bow to your wisdom. And, even though tiring, I feel certain you will find a way to carry on.

Next
Threads

Mar 25, 2005 5:05:41 PM

vtrader: Veteran; Loc: Los Angeles; Posts: 1085, Gallery; Registered on: Jun 6, 2004; Reply to: nberry

Re: Wall Street article on the 997

Nick, didn't you already post this? Is this a rehash of your previous post. When exactly did this article come out? A search of WSJ indicates no recent articles on Porsche.

Next
Threads

Mar 25, 2005 5:08:52 PM

nberry: Rennteam VIP; Loc: La Jolla, USA , United States; Posts: 13630, Gallery; Registered on: Apr 11, 2002; Reply to: vtrader

Re: Wall Street article on the 997

Quote:
vtrader said:
Nick, didn't you already post this? Is this a rehash of your previous post. When exactly did this article come out? A search of WSJ indicates no recent articles on Porsche.

Your search is as faulty as your search was in buying a car.

read the Journal TODAY!

Next
Threads

Mar 25, 2005 5:11:54 PM

Carlos from Spain: Rennteam Moderator; Loc: Spain. , Spain; Posts: 20826, Gallery; Registered on: Feb 9, 2003; Reply to: nberry

Re: Wall Street article on the 997

Nothing like stretching the data to one's interests

lets post the sportscar sales of right when there is a model turnover of both models

...

I don't think so Nick, lets see the actual current data on the situation nick, 2005's first trimester...

http://www3.us.porsche.com/english/usa/news/pressreleases/pag/2005-03-02-1.htm

Quote:
"Strong Demand for Porsche Sports Cars in North America

Stuttgart. Dr. Ing. h.c. F. Porsche AG, Stuttgart, has again experienced significant sales growth in North America. In February 2005, a total of 2,360 vehicles were delivered to customers in the US and Canada; compared to 2,185 units in February 2004, this represents an increase of eight percent. Porsche has therefore achieved its best February sales figure for North America in the history of the Company.

While there was a 20 percent decline in deliveries of the Cayenne to 1,044 vehicles, sports cars turned in an excellent performance in Porsche's largest market. 732 of 911 vehicles were sold, a year-on-year increase of 20 percent. This figure does not yet include the new 911 Carrera Cabriolet, which will be launched on the North American market on March 12 to provide the 911 series with new momentum. 20 units of the high performance Carrera GT sports car were supplied to customers in February (February 2004: three units).

Finally, the Boxster also recorded strong growth: deliveries increased by 107 percent to 564 vehicles. In particular, the new generation Boxster, which was only launched in North America in mid-January, was very much in demand."

next...

http://www3.us.porsche.com/english/usa/news/pressreleases/pag/2005-01-28-1.htm

Quote:
"Sports Car Manufacturer's Growth continues in current Fiscal Year

Porsche's Turnover and Profit Up Again

Stuttgart. Dr. Ing. h.c. F. Porsche AG of Stuttgart, Germany, has continued its growth: in the first six months of the 2004/2005 fiscal year (August 1, 2004 to January 31, 2005), the sports car manufacturer will, according to provisional figures, record a Group pre-tax result of 225.0 million Euro, an increase of 6.5 percent over the 211.3 million Euro for the same period of the previous year. The result after tax will be 125.0 million Euro, 4.5 percent higher than in the previous year. Dr. Wendelin Wiedeking, Porsche's President and Chief Executive Officer, made this announcement at today's annual general meeting of shareholders in Stuttgart.

According to the provisional figures, the Porsche Group's turnover in the first half of the current fiscal year has gone up by 3.4 percent to 2.95 billion Euro. Sales volume will probably increase by 9.7 percent to 35,660 vehicles, including 12,300 Type 911 sports cars (up by 19.5 percent), 260 Carrera GT high-performance sports cars (10 cars in the same period of the previous year) and 19,200 Cayenne sport utility vehicles (an increase of 13.3 percent). Boxster sales fell by 25.9 percent to 3,900 cars, since the latest models have only been launched successively on markets throughout the world since the end of November 2004.

Porsche remains optimistic for the full 2004/05 fiscal year. The company anticipates Group sales of at least 80,000 vehicles (76,827 were sold in the previous year), a growth in turnover and a continuing high level of earnings."

I rest my case as you would say

so now you can rest a bit of being tired of being right

Next
Threads

Mar 25, 2005 5:14:22 PM

vtrader: Veteran; Loc: Los Angeles; Posts: 1085, Gallery; Registered on: Jun 6, 2004; Reply to: nberry

Re: Wall Street article on the 997

Quote:
nberry said:
Your search is as faulty as your search was in buying a car. read the Journal TODAY!

I could say the same with you Nick. Why would you trade in your 430 for the Spider version comes out? Why would trade a beautiful car for the other one?

But I will go out and get a copy of the WSJ right now.

Next
Threads

Mar 25, 2005 5:59:52 PM

nberry: Rennteam VIP; Loc: La Jolla, USA , United States; Posts: 13630, Gallery; Registered on: Apr 11, 2002; Reply to: Carlos from Spain

Re: Wall Street article on the 997

Carlos sales for Porsche sport cars in 2004 were very low. With the introduction of two new models and only show a 20% increase does not say much for sales. BTW I would trust Wall Street Journal numbers over USA any day.

Next
Threads

Mar 25, 2005 6:22:33 PM

Carlos from Spain: Rennteam Moderator; Loc: Spain. , Spain; Posts: 20826, Gallery; Registered on: Feb 9, 2003; Reply to: nberry

Re: Wall Street article on the 997

Quote:
nberry said:
Carlos sales for Porsche sport cars in 2004 were very low. With the introduction of two new models and only show a 20% increase does not say much for sales. BTW I would trust Wall Street Journal numbers over USA any day.

Well, admiting that 2005 sales are higher becuase they introduced two new models implies that your 2004 figures are exceptionally low becuase they were just about to introduce the new model versions which was my point

Now, I'll explain a little thing about the 911 that you won't find in other markes, and that is that the 911 is not "a" model like the Gallardo or F430, its a WIDE-RANGE of models in one, from cab versions to coupes versions to AWD versions to Turbocharged versions to track versions, and so on. So a 20% increase may not be incredible for another car when the new model is introduced in its first year, but it is for the 911 since only ONE of those versions has been introduced, many are waiting for their version to come out still, next comes the Cab and the AWD carreras, the GT3 the Turbo, and so on

Next
Threads

Mar 25, 2005 8:04:25 PM

STRADALE: Rennteam VIP; Loc: NY , United States; Posts: 11075, Gallery; Registered on: Mar 9, 2005; Reply to: nberry

Re: Wall Street article on the 997

Can you imagine the % increase that Porsche will surely take in 2005 and 2006 ! With the new Boxster, new 911, etc, etc.

Critics - It's time to pretend you didn't criticize past sales volumes because you're about to taste your own foot.

Next
Threads

Mar 25, 2005 8:12:55 PM

PS CA: Veteran; Loc: California , United States; Posts: 833, Gallery; Registered on: Nov 13, 2003; Reply to: Carlos from Spain

Re: Wall Street article on the 997

Quote:
Carlos from Spain said:
Now, I'll explain a little thing about the 911 that you won't find in other markes, and that is that the 911 is not "a" model like the Gallardo or F430, its a WIDE-RANGE of models in one, from cab versions to coupes versions to AWD versions to Turbocharged versions to track versions, and so on. So a 20% increase may not be incredible for another car when the new model is introduced in its first year, but it is for the 911 since only ONE of those versions has been introduced, many are waiting for their version to come out still, next comes the Cab and the AWD carreras, the GT3 the Turbo, and so on

How true that is here in the USA. About 50% of the 911's sold here are cabs. My local dealer hasn't had a new 996 cab to sell since October. So, 5 months with a limited supply of cabs added to the fact that toward the end of the 996 cab life many potential buyers are waiting for the new model. According to my dealer, the following are what they can order at the moment:

997/997S coupes
997/997S cabs
996 turbo cabs
no 996 turbo coupes
no c4S coupes or cabs
no GT3/GT2
no targa

How can you determine the success of the 997 when only a small part of its product line is available?

Phil

Next
Threads

Mar 25, 2005 8:34:54 PM

JimFlat6: Rennteam VIP; Loc: Cave , United States; Posts: 8631, Gallery; Registered on: Jul 25, 2004; Reply to: PS CA

Re: Wall Street article on Porsche envy

Seriously Nick, you really dont believe the twisted tales you weave here do you? You can cherry pick all the facts you wish and the make all the proclamations based upon inference and supposition that you wish. But considering what your professional hourly rate is, could you please be a bit more convincing?

As for relying on the WSJ for analysis, you only have to search their early glowing articles about Enron and
Worldcom to see they have pretty limited vision.

Thank you !

Next
Threads

Mar 26, 2005 12:58:38 AM

ArthurY: Co-Pilot; Loc: Los Angeles, CA; Posts: 153, Gallery; Registered on: May 26, 2004; Reply to: nberry

Re: Wall Street article on the 997

Quote:
nberry said:

Sales down 43%. WOW! Now you know why they are building the Cayman and the sedan. You know I get tired of being right.

Well, the European stock market thinks pretty highly of Porsche AG: its stock - PSHG P.SG - went from about 290 Euros in February 2003 to 573 Euros today.

Next
Threads

Mar 26, 2005 11:22:14 PM

leveraged: Newbie; Loc: Charlotte NC; Posts: 39, Gallery; Registered on: May 10, 2004; Reply to: ArthurY

Re: Wall Street article on the 997

Isn't your dad's Ferrari an automatic?

Your dads a real enthusiast isn't he Nickeldick.

Top
Threads

Board	Subject	Last post	Views	Replies
Porsche	The moment I've been waiting for...	5/18/22 6:36 PM Pilot	693701	1306
Porsche	OFFICIAL: New Porsche 911 Turbo S (2020)	2/17/23 4:40 PM RC	327712	1253
Porsche	SUN'S LAST RUN TO WILSON, WY - 991 C2S CAB LIFE, END OF AN ERA (Part II)	3/28/23 2:14 AM watt	227416	1419
Porsche	Welcome to Rennteam: Cars and Coffee... (photos)	3/28/23 1:44 PM TB993tt	209857	481
Porsche	Porsche Taycan Turbo S - Short Review	10/6/22 12:37 AM Whoopsy	189510	580
Porsche	OFFICIAL: Cayman GT4 RS (2021)	3/27/23 4:58 PM Enmanuel	140912	232
Porsche	OFFICIAL: Porsche 911 (992) GT3 RS - 2022	3/29/23 5:03 PM nberry	60644	86
Porsche	OFFICIAL: 911 R (2016)	12/25/22 1:02 AM CGX car nut	489141	2663
Porsche	992 GT3	2/28/23 12:22 AM nberry	485861	3817
Porsche	Welcome to the new Taycan Forum!	1/21/23 3:51 PM CGX car nut	238143	1491
Porsche	Donor vehicle for Singer Vehicle Design	9/30/22 6:31 PM Grant	234365	774
Lambo	Aventador and SV	3/29/23 2:06 PM Enmanuel	202108	720
Others	Tesla 2 the new thread	3/28/23 9:40 PM Carlos from Spain	201699	2155
Porsche	GT4RS	12/30/22 1:28 AM JAMS	194855	1194
Motor Sp.	[2021] Formula 1	4/19/22 10:08 PM Leawood911	167457	1590
Others	Bugatti Chiron	8/30/22 4:31 PM Josef	163675	525
Ferrari	Ferrari 812 Superfast	3/23/23 3:21 PM RC	160280	543
Porsche	Red Nipples 991.2 GT3 Touring on tour	3/1/23 4:09 PM Gauss	145294	548
Lambo	Urus (SUV)	6/7/22 1:20 PM Topspeed	140772	593
Others	Corvette C8	7/18/22 12:40 PM Whoopsy	139818	443
Porsche	Dave and Gnil @ Nürburgring Nordschleife	7/4/22 10:42 PM DaveGordon	138029	722
Motor Sp.	[2022] Formula 1	2/4/23 1:10 AM Whoopsy	132059	1576
Others	Toyota Yaris GR	4/13/22 8:33 PM Grant	109555	640
Lambo	Huracán EVO STO	3/13/23 10:40 AM RC	108883	344
AMG	Mercedes E63 S AMG (2018) - Short Review (updated on a regular basis)	10/24/22 7:42 AM RC	106193	402
Ferrari	Wandered to the dark side	8/29/22 9:35 AM BiTurbo	81538	418
Ferrari	Ferrari Roma	4/18/22 4:33 PM watt	33586	438
Motor Sp.	MotoGP	6/6/22 11:49 PM watt	32579	328
Porsche	992 GT3 RS	9/8/22 10:49 PM Grant	31369	313
Lambo	Huracan Evo (2019 Facelift)	7/4/22 8:00 AM M3ike	29583	291

Crown

Forum - Thread

Wall Street article on the 997

Re: Wall Street article on the 997

Re: Wall Street article on the 997

Re: Wall Street article on the 997

Re: Wall Street article on the 997

Re: Wall Street article on the 997

Re: Wall Street article on the 997

Re: Wall Street article on the 997

Re: Wall Street article on the 997

Re: Wall Street article on the 997

Re: Wall Street article on Porsche envy

Re: Wall Street article on the 997

Re: Wall Street article on the 997

Forum

Boards