Price cuts?

[simcity]

I'm just glad Porsche pays my depreciation, 04/20 car here.
Thank you Porsche. ?

Meant to ask - did you ever succeed in lowering your car using VCDS?

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[Throb]

They’ve gone up twice since I initially placed my order in Nov ‘21. Once for the M22 to MY23 change and I noticed when in the configurator recently a Turbo has gone up again by £2,400

I imagine MY24, when it's announced later this year, could well be the LCI, which could be seen as justifying the 5% price increase he was talking of. He wasn't trying to sell me a MY23 car either, as I already have one on order with him.

 

[tomtom901]

I imagine MY24, when it's announced later this year, could well be the LCI, which could be seen as justifying the 5% price increase he was talking of. He wasn't trying to sell me a MY23 car either, as I already have one on order with him.

It probably is, yeah;
https://www.topspeed.com/spy-shots-...-only-a-few-updates-to-the-front-and-the-rear

 

[FlyingPoint]

The short answer is no, PAG won't lower prices in the US until they absolutely have no choice. Production capacity can't meet current demand. Also, PAG models cannot qualify for the US EV credit due to price, battery production location and probably the income limits posed by the Infrastructure Act.

Tesla cut prices for two reasons in the US:

1. Reduce building inventories in Q4-22, which was successful
2. Lower MSRP's to reach the $55K MSRP cap for the Model 3 & Y and $80K for the SUV 7 seat Y. The idea is to capture Q1-23 sales by having the EV (3/31/23 time limited) credit subsidize the purchase, which was previously not available under the prior law.

Since Tesla margins are higher than the legacy manufacturers (Ford, GM), they can withstand the margin reduction comparatively.

 

[Jagu]

Absolutely not, but the used Porsche (and other premium marques) market is about to get hammered is my prediction.

Normal depreciation curves will return... Which means large drops in valuations since this time, the excessive used prices have a lot more to fall before reverting to the mean.

Yes, I get several used Taycan price drop alerts from cars guru. I’m in the market for a Cpo turbo and I’ll wait until later this year for more price adjustments.

 

[philbur]

I don’t get why there is so much noise about this. Teslas goal is to drive the transition to sustainable energy, so lowering prices helps that. If they have strong margins and is costing them less to build each car isn’t that better for everyone? Some are pissed that they bought before, but if the prices went up they would be happy. No one is ever happy. I am!

I’m just going to drive our EV and enjoy not using gas - not being able to refuel at home is sooooo annoying. Just had to do that with our loaner macan for a few weeks getting our update.

 

[kempez]

There’s noise because they’ve literally devalued tens of thousands (if not many more), of people cars, by a significant margin. It’s a poor show as a business for its customers. But not hugely surprising.

 

[masmole]

Porsche will counter Tesla's price cuts with price INCREASES of their own! That is the Porsche way

 

[slothinker]

Next step for Tesla could be to commercialize their charging stations to other EVs. They certainly wouldn't have much competition considering the problems EA is having providing reliable service and expanding their network.

 

[ssim]

I’ve never seen Porsche cut prices. Every model year, there’s usually an increase. Have you ever seen Rolex backtrack their price hikes?

Taycan sales in 2022 were down compared to 2021, and some people think it’s because of demand. It’s not. The war in Ukraine significantly affected the Taycan’s supply chain, and Porsche suffered as a result. As I mentioned in the 200th post on my thread linked below, Q1-3 2022 for Taycan were incredibly dry in terms of allocations/cars. The demand was strong then and remains strong now.

If there’s a refresh for MY24, forget about a price cut or even a dealer discount. Demand will surge, the supply won’t be enough to satisfy, and the situation will continue. My $0.02.

 

[simcity]

Next step for Tesla could be to commercialize their charging stations to other EVs. They certainly wouldn't have much competition considering the problems EA is having providing reliable service and expanding their network.

I realise this is still being debated in the US.

However Tesla are already doing that in Europe. Some countries entire SuC network is now open to third party cars. In the UK it is 15 SuC sites, or approximately 15% of the total.

Pricing here in the UK is notionally about 14% more than for the natives. It's still cheaper than many other networks offering fast DC charging.

The almost universal benefit in Europe and UK is that CCS2 has become the default high speed DC connector of choice for Tesla vehicles and non - so more easily allows interoperability

 

[Deleted member 6348]

Next step for Tesla could be to commercialize their charging stations to other EVs. They certainly wouldn't have much competition considering the problems EA is having providing reliable service and expanding their network.

They will never do this in the United States. That's why they did their "American Charging Standard" nonsense. They want the tax dollars without opening their network up to other EVs and that doesn't happen by declaring your private network a "standard".

EA has to support dozens of different cars from various automakers. Tesla has to support a whopping 4 models that they make themselves. Supercharger "reliability" becomes a very different thing with all of the variables of supporting the greater market.

Even if they were open, I wouldn't use them, because they charge 3-5x of what the other networks charge and Elon will never see a dime from me. He may have a little more money than I do, but all of my kids talk to me -- that's something that Musk can't buy.

 

[Archimedes]

BTW, Porsche never cuts prices. It will be up to the dealers to respond to market forces.

 

[Skilly]

First the ADMs will go away...having an ADM on a car like a Taycan is bonkers. Its not a limited release. Rather, its just a cash grab. This will be followed by finance offers which will then be followed by rebates etc. It's unlikely that cars MSRP will drop - perhaps incentives, but when in the last 30 years has Porsche offered a price drop. I think the 80s was the last time they struggled; that isn't happening here.

The fed playing with interest rates again in the next session (which is likely another increase) and it will put us into unknown territory again. There are some remaining supply chain issues, but I would argue that Porsche (and others) aren't exactly full speed ahead with solving them. Cars sitting will be the worst case scenario for any manufacturer and there is ZERO chance that demand remains as strong as its been. I think there is a little bit of hedging going on that keeps demand and supply in harmony to support the higher prices.

Wages and raw goods have not dropped so it will cost more to build these cars than it did 2 years ago. Fuel and transport remains high and backlogged too so the loaded cost is more. If demand falls off of another cliff (it's already done it at least once) and they have these higher cost to produce products sitting, it will sting. Even if you can afford it, there is a bunch of people pausing on 100K electric car purchases. You could easily argue that Tesla is the canary in the coalmine.

Fun fact, with the cost of money these days, even with prices dropping cars are still WAY more expensive than walking into the pandemic. Houses too. Just the cost has shifted to the financial institutions.

 

[Dee]

Meant to ask - did you ever succeed in lowering your car using VCDS?

Not right now cuz I bought extended Porsche warranty.
Don't want to risk that.
My car is already lowered 10mm by links but I'm planning testing if that works in spring (haha) or summer.

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