Porsche To Crackdown On Buyers That Simply Flip Their Purchase

Easy answer. Don't make exclusive cars. Make as many 911R's as the market will bear. Just like with the GT3 or Panamera.

My understanding is that Porsche makes limited edition, exclusive cars with the understanding that they can rake in a sweet fat profit in doing so.

It appears that it pisses Porsche off that their customers could be making a sweet fat profit -- one that's much larger than Porsche's -- by flipping their purchase.

Making exclusive cars is where all the profits is from, those big fat profit margins are too attractive to ignore.

Porsche needs to make more smaller, 2-door sports cars, in cooperation with VW, that sit underneath the 718, and we need it now. VW can front all the cost of development, Porsche will simply charge an arm and a leg for them. Easy money.

If anything, Porsche should just charge more for the exclusive cars. If there is a market that will pay 3x the sticker, Porsche might has well profit off it.

I believe the problem with idea of Porsche charging 3x the price for an exclusive version of a 911, is that they might rightfully earn the contempt of their buyers and fans, which would taint the perception of Porsche as a company, and the desirability of their products. And that's a Bad Thing™.

I also speculate that the majority of Porsche 911 R buyers are legitimate, and they keep the car they buy, while only a small minority flip their new purchase for an exorbitant price. If Porsche decided to sell all 911 Rs at the sky-high "flip price," then EVERY 911 R buyer would suffer, rathern than just the minority who are willing to pay the jacked-up scalper price.

Why should Porsche care? Gestapo mentality? If someone buys a Porsche, it ceases to be under Porsche's control. Porsche owners should sue Porsche for any crackdown when it happens.

Buy the car under a shell corporation and flip the company that is what I did on an early delivery Z8 contract with a no resale clause. Besides who the fuck do these car companies think they are restraining you from selling your own "personal property" anyways. You bought it and it is yours to do whatever you see fit with afterwards.

re "...who the fuck do these car companies think they are restraining you from selling your own "personal property" anyways..."

One could just as easily say "who the fuck are you to believe a company owes you a car, rather than choosing to sell it to a *preferred* customer, like someone who isn't a car scalper?"

Both are legitimate questions!

For what it's worth, other exclusive car manufacturers (Ferrari is one) have employed qualification processes and "use contracts" to ensure their products end up in the hands of preferred customers (i.e., not scalpers).

Steve

I never implied that any company owes you a car unless they accept your deposit or money. Once the car is bought it is your own personal property to do with what you see fit. Let the free market dictate market value and demand.

@qwertyfla You have to remember that TheSteve is a socialist-fascist Liberal therefore he hates the free market and the rule of law.

qwertyfla: I agree with you -- If at time of deposit the dealer has no conditions, then it's unethical to retroactively add conditions at time of purchase. Additionally, I believe there is no legal way to retroactively add conditions to a car that has already been sold.

By the same token, BEFORE the purchase, the dealer (or more accurately, the manufacturer) can choose to whom they want to sell their products, and they might do this by way of a qualifying process and/or a contractual obligation (e.g., we'll sell you this premium car, under the condition that you do not resell it for a period of at least 3 years). Ferrari has done this many times. As long as all the conditions are on the table before the deposit is made (so that everyone knows what they're agreeing to), and assuming no conditions contravene any laws, then the manufacturer is free to be selective about their clientele.

Easy, produce a far more fair quantity of most desirable models. Scarcity leads to price gouging by the first buyers as WELL as the greedy dealers.

Porsche has put themselves in this position even though it is not their philosophy. Years ago I read an article on Ferry Porsche. He was being honored for some automotive award. The question arose as to why there were no Porsche cars present at the ceremony. His response simply was "Because Porsche's are where they belong. Being driven on the road"
I believe if he were alive today and in charge he would not have allowed so many variants of the 911 and so many limited production runs of models. I think that Porsche is definitely bothered by this phenomenon. However they have created the monster. So they are taking a page out of the Ferrari handbook. Not just anyone can own any Ferrari. By keeping track of who is flipping cars they weed out people who are not dedicated Porschefiles. They have an important automotive product. They want their cars to be used as they were intended. Personally I think Porsche is too harsh. They should say to these speculators that we will allow you to buy a new Porsche. But only a 718 Cayman(S)with it's shitty sounding engine.

Mercedes cracked down on this over 10 years ago. When you purchase your ordered vehicle, part of the sale states you cannot sell your car for 1 year after purchase. People were also flipping their spot on the wait list, that stopped also

The Steve mentioned Ferrari. They have there own twist on controlling their cars after they are sold. A few stars/celebs have gotten letters to cease and desist the colours or modifications they have done to their cars. That is just as absurd as a clause controlling the sale of a vehicle after you bought it.