Are Porsche Dealers Creating A Secondary Market For NEW GT Cars? Cayman GT4, 911 GT3, 911 GT3 RS

If you've been trying to get your hands on an all-new Porsche Cayman GT4, 911 GT3 or 911 GT3 RS, we have to say it's a tough market out there. That's because trying to find a dealer with an allocation is essentially as tough as trying to find a needle in a haystack.

While we've had our suspicions about some dealer practices in the United States, it seems that we may not be the only ones having trouble.

A reader of Auto Express in the United Kingdom has said described a situation where dealers in the UK are taking serious advantage of the supply and demand for Porsche's GT cars. Obviously these cars are hugely desirable and it sounds like dealers are delivering cars or "delivering" cars, putting several hundred miles on them and flipping them at exorbitant prices.

In the U.S. I've noted independent dealers making the same move and marking up the products quite a bit. I have yet to see an authorized facility flip a car.

That said, have any of our Spies dealt with some rather unscrupulous behavior? Let us know in the comments below!

If you're in the market and looking for a reliable dealer to help meet your needs, make sure to check out AutoSpies' sister site, DealerRater.com. It has the largest collection of dealer reviews anywhere on the 'net!

...At the time of writing, Porsche dealers across the country had 16 Cayman GT4s advertised on Porsche’s Approved Used website, with prices ranging from £94,981 to £109,990. Most cars advertised showing prices and details had just a few hundred miles on the clock. Numerous other GT4s are for sale from specialist retailers with prices starting at £94,995.

Mr Nicola told us, “Maybe the dealers and their 'loyal customers' who have been fortunate enough to get on the waiting list for one of these are actually manipulating a black market in these cars for huge profit and are stopping buyers who want a car to drive from getting one? This stinks...."

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MDarringer - 3/13/2016 2:16:44 PM

-7 Boost

On one hand, dealers have to have a Monroney sticker on the new vehicle, but they are not obligated to sell at the listed price. Dealers are free to do a "market value adjustment", but the manufacturer can reduce allocation in retaliation for abuses of price gouging.

Thus, selling and reselling the vehicle get around that. At that point it's anything goes. But...if the manufacturer catches wind of abuses...

That said, regular/repeat customers are often dealt with before the cars show up and are dealt with respectfully.

We call the "market value adjustment" the Moron-ey sticker because it is for the idiots that (1) gotta have it and (2) are not connected behind the scenes.

Porsches like these--if sold by reputable dealers--are presented to regular/repeat customers who (1) are a dealer's best advertisement and (2) because they are diehard loyalists are good for the brand.

When the 2015 Mustang came out, I bought and flipped a fully loaded GT. I have no problem extracting money from the wallets of idiots.

To our loyal customers--however--we configured our allocation of GTs to the maximum extent possible to their requests and sold at list.

The bottom line is that if you gotta have it, you gotta pay out to get it.

Agent00R - 3/13/2016 5:49:15 PM

-7 Boost

Isn't "market value adjustment" against the law in some U.S. states?

MDarringer - 3/13/2016 6:49:52 PM

-7 Boost

Definitely NOT the case in California. As long as the market value adjustment is placed next to the Monroney sticker--in California--you're 100% legal.

I do know that whenever I sell a vehicle in an interstate situation that some states require the price to be specified, but I do not know which ones. Thus, if someone from out of state checks inventory and wants a car, we either have to (1) sell at list or (2) refuse to sell the car.

Refusing to sell the car at list is also 100% legal.

The Porsche thing of selling the car and reselling the car throws Monroney out the window and removes all price restrictions--in state--but do business across state lines and bump the price to someone who lives in a state where a USED vehicle must have a stipulated maximum price, you're an idiot to go above it.

You could wildly overprice the car and dicker down, but you'd run the risk of conspiring to break the intent of the law if not the letter.

I've actually had people come to California to dicker the price of some of the vintage/classic/track cars I've sold to get around "the stipulated price is the price" routine.

Ebay is different because whatever the price the car is bid to, that is the price and all I have to do is set my reserve correctly.

Forcing dealers to sell at list price when they can get a higher price is an anathema to the free market.

If the customer doesn't like the price, he should walk. In this country, we enact laws to protect sheeple idiots from their own idiocy.

I say if you're too dumb or lazy to (1) do your research, (2) know your finances, and (3) avoid emotional purchases, they you deserve to get taken.

PUGPROUD - 3/14/2016 11:21:17 AM

0 Boost

Its a scam to increase dealer profits and favored customers' resale values.

MDarringer - 3/15/2016 9:03:22 AM

0 Boost

And if Porsche does nothing it is in fact giving permission.

skytop - 3/14/2016 1:17:37 PM

+1 Boost

Dealers are THIEVES and CUT THROATS. They despise and disrespect their customers while treating them like dirt.

MDarringer - 3/14/2016 9:11:18 PM

0 Boost

People who can't afford what they want bang and blame. Fortunately, the unintelligent can shop at WalMart.

MDarringer - 3/15/2016 9:02:34 AM

0 Boost

Thank you for the bigoted comment. Bashing all for the sins of the few...

analogueman - 3/30/2016 9:09:43 AM

+1 Boost

In the UK this car is being used by dealers and their so called loyal customers in a vast black market. So far only 37 GT4's have reached the UK but a month ago 32 were up for sale. The UK list is around £65,000 and the cheapest car for sale was £99.900, the most expensive £112,000
Of the 32 for sale 26 were at Porsche main dealers where the original owners had al, apparently "changed their minds" all of the cars had less the 1000 miles on them. It is very clear that the dealers had prior agreements with the buyers to take them back and share the profits. The dealers say that the market determines the price. I think not you thieving cheats! I will take my cash to Maclaren and leave the Porker divers in a cloud of dust and dirt