What happened to recent 2023-24 new inventory?

[Flying ace]

In searching for a CPO GTS, I've been tracking both new and used 2023-2024 Taycan GTS inventory since February. Obviously new inventory is just stagnant and not selling and in the last 4 weeks pre-owned inventory has increased significantly. However, I've noticed just a week ago, a ton of new cars (never titled) were marked as "pre-owned" at dealerships. I also noticed quite a few "courtesy cars" with no titling also being listed, Dealer explained to me these cars are demo or perks given to management to drive, retaining no initial title allows the next buyer to qualify for max fed lease rebates at a lower retail price.

However, anyone know what is going on with the new cars being sold as "pre-owned"? They are not being given out as courtesy as they all have delivery miles on it, yet their list prices are still MSRP.

Related, what happens to unsold new inventory this fall as the 2025s continues to come in? Is it realistic to see steep discounts beyond 20%? Guessing dealer bottom line was their original inventory cost of about 25% off the MSRP

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[Flying ace]

I also gathered whole sale auction rates for 2024 and it looks terrible for dealers holding onto 2023 and 2024 inventory, the floor has fallen through.

 

[DerekS]

However, anyone know what is going on with the new cars being sold as "pre-owned". They are not being given out as courtesy as they all have delivery miles on it, yet their list prices are still MSRP.

Dealers will sometimes "punch" the new cars so they can retain their inventory allocations. Upstream it looks like they've sold it, but they haven't.

 

[Flying ace]

Dealers will sometimes "punch" the new cars so they can retain their inventory allocations. Upstream it looks like they've sold it, but they haven't.

ah! that makes sense. Indeed they all appear to have their OG warranties punched and are being offered as a CPO (dealer cost is likely around $1k to CPO a pristine car)

 

[seattlefox]

ah! that makes sense. Indeed they all appear to have their OG warranties punched and are being offered as a CPO (dealer cost is likely around $1k to CPO a pristine car)

CPO dealer cost is 3k. If you see one of these punched new cars and it happens to fit your options preference, don't let it go easily. You can normally get a larger discount than unpunched new cars given the dealer has a strong incentive to sell that car.

 

[Uknown]

Yes I have a few saved searches, I noticed a lot of screaming deals mostly went away in the past 2 weeks.

I am trying to get comfortable with the new front end on the Turbo… but am not fully sold. In mean time also keeping eye out for 2023 or newer CPO. Luckily still love my MY20 so am in no real rush.

 

[Flying ace]

Yes I have a few saved searches, I noticed a lot of screaming deals mostly went away in the past 2 weeks.

I am trying to get comfortable with the new front end on the Turbo… but am not fully sold. In mean time also keeping eye out for 2023 or newer CPO. Luckily still love my MY20 so am in no real rush.

What are you looking for?

 

[Uknown]

What are you looking for?

The deal breakers seem to be 20 inch wheels, and massage seats … leather interior, if CPO probably GTS or Turbo 2023 or 2024.

I was playing around in the configuration tool and saved this but doubt I would leave it exactly the same: https://configurator.porsche.com/porsche-code/PSI4THY3

But I still struggle with the front end change, I haven’t seen it in person yet either.


Mostly though the deal would have to be good also. Since the MY20 4S I have is great.

What are you looking for?

 

[whitex]

The deal breakers seem to be 20 inch wheels, and massage seats

Really?!?

Of all things wheels? Unless you absolutely must have 19" then I can see PSCB or PCCB would be a deal breaker. But if 20" wheels are a deal breaker because you want 21", then swap them out for 21" - you can buy them after the fact (you can look for deals too, I've accumulated 3 sets of tires for my Taycan - winter, all-season, and summer). If you already have 21" on your 2020 Taycan that you love, you can probably have the dealer take those off and put them on the new one, and trade your 2020 with brand new 2024 20" wheels and tires - dealer might even kick in a few bucks.

If you don't like massage seats, just don't use them. I don't see how they would be a deal breaker. Like ACC, Innodrive, or other features you can simply not use. You can probably even get the dealer to code the car so disallow their use (car things you don't have them, all options to turn on massage are gone).

 

[whitex]

Mostly though the deal would have to be good also. Since the MY20 4S I have is great.

Ah looking for that elusive deal, premium trade-in value for your old car and a huge discount on new one, ideally an even trade, right? Such deals existed in theory during the pandemic, where 2 year old used cars were trading in above MSRP, so if you could find a new car at MSRP you could walk away with 2 year newer car and cash in hand. In reality such deals are incredibly rare, like trading a paper-clip for a house. In decades of buying cars, I did once manage to get such deal, drove a Honda Civic Si for 2 years, swapped it for a new one for ~10% of MSRP (total cost after taxes, pre-tax was about even trade), but there was a little helping factor, the dealer damaged my original car during service (actually worse, they gave it back to me and it damaged itself on the way home because they forgot to put it back together), so they had extra motivation to make this deal (while I was waiting for service the sales guy gave me a hypothetical trade-in value, they agreed to honor it in exchange for not reporting the incident to insurance, which I had no problem with since it became their car, so their problem).

Just to get an idea, how good would the deal have to be? How much money are you prepared to pay to upgrade from 2020 to 2023, same car, same options? How much are you prepared to pay for the same options, but new 2023/24 GTS or Turbo instead of your current 4S?

 

[Uknown]

Really?!?

Of all things wheels? Unless you absolutely must have 19" then I can see PSCB or PCCB would be a deal breaker. But if 20" wheels are a deal breaker because you want 21", then swap them out for 21" - you can buy them after the fact (you can look for deals too, I've accumulated 3 sets of tires for my Taycan - winter, all-season, and summer). If you already have 21" on your 2020 Taycan that you love, you can probably have the dealer take those off and put them on the new one, and trade your 2020 with brand new 2024 20" wheels and tires - dealer might even kick in a few bucks.

If you don't like massage seats, just don't use them. I don't see how they would be a deal breaker. Like ACC, Innodrive, or other features you can simply not use. You can probably even get the dealer to code the car so disallow their use (car things you don't have them, all options to turn on massage are gone).

Sorry I meant I like 20s. I don’t want the 21s. And I like the massage seats.

 

[Andics]

Also last 2 weeks was end of the quarter when usually dealers need to reach their targets.

I got mine (MY24 new but in stock) at the end of March24, I had another 4 similar specs in my shortlist, all disappeared in the last week of March, and 3 of them re-appeared as CPO at the beginning of April.

funny enough the CPO price was the same of buying new the week before (i.e. I got 20% off MSRP on mine)

 

[Uknown]

Ah looking for that elusive deal, premium trade-in value for your old car and a huge discount on new one, ideally an even trade, right? Such deals existed in theory during the pandemic, where 2 year old used cars were trading in above MSRP, so if you could find a new car at MSRP you could walk away with 2 year newer car and cash in hand. In reality such deals are incredibly rare, like trading a paper-clip for a house. In decades of buying cars, I did once manage to get such deal, drove a Honda Civic Si for 2 years, swapped it for a new one for ~10% of MSRP (total cost after taxes, pre-tax was about even trade), but there was a little helping factor, the dealer damaged my original car during service (actually worse, they gave it back to me and it damaged itself on the way home because they forgot to put it back together), so they had extra motivation to make this deal (while I was waiting for service the sales guy gave me a hypothetical trade-in value, they agreed to honor it in exchange for not reporting the incident to insurance, which I had no problem with since it became their car, so their problem).

Just to get an idea, how good would the deal have to be? How much money are you prepared to pay to upgrade from 2020 to 2023, same car, same options? How much are you prepared to pay for the same options, but new 2023/24 GTS or Turbo instead of your current 4S?

To be honest, I am not sure. I have mostly been passively looking. A month ago while I didn’t see a spec I couldn’t live without there were low mile cars from 2023, and 2024 that were priced to sell.. and they have seemed to have sold, or went to auction.

I don’t think the market is soft enough yet to bring me off the sidelines aggressively. But I enjoy looking.

As for the trade in, if I trade in it is what it is. The car is in great shape but has 50k+ miles on it. I don’t expect to be wowed on a trade in given what I see for sale today.

In the end I will likely just stay the course as the current car still has CPO time left on it.

 

[WuffvonTrips]

Dealers might have been "pre-registering" new cars to sell as lightly used, in order to make sales targets and/or avoid the additional complication of having to apply updates mandated on new car sales from 1st July in some regions (e.g. EU) that more actively push safety-related assistance functions (e.g. speed limiter reacting to GPS and road signs).

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