Taycan production slowdown

[chun]

It is clear that you view it as your job is to throw shade at Porsche and from the responses you’re getting it appears nobody is buying it.

It you want to be a shill for the Chinese EV manufacturers that is of course up to you, but it isn’t going to get you very far on this forum.

Is this topic not about taycan production slow down? Did I miss read it? By giving the MOST obvious reasons why production would slow down I am a shill?
On this forum are we supposed only to kiss porsche ass and find excuses for why basic engineering in the automaker industry fails on the taycan? Would that not be a shill for porsche then?

Ofc, it could be a target correction, like another user mentioned in the thread earlier. End of the day, porsche is selling less of their electric future anyway. Investors won't like it.

If you disagree with why I belive the taycan production slows down, maybe you give a more realistical reason, instead of slander I have provided links for my beliefs, which I belive to be facts.
But feel free to correct me. Also, if correcting means: "reviews and internet perception of cars don't matter"... don't bother. You'd be a shill, as you say.

In USA you don't have as many EVs yet. But in europe, it's a different world. There are plenty chinese EVs on the road alongside the european ones. And more will follow. That is reality. And USA is not porsche's biggest market, it's china.

Sponsored

 

[whitex]

If you disagree with why I belive the taycan production slows down,

Perhaps the same reason Model S production slowed down after Model 3 was released. It is quite possible Porsche will make more net profit selling more Macan EV's and less Taycans, than no Macan EV's and more Taycans. So this may actually have been planned all along.

 

[chun]

Perhaps the same reason Model S production slowed down after Model 3 was released. It is quite possible Porsche will make more net profit selling more Macan EV's and less Taycans, than no Macan EV's and more Taycans. So this may actually have been planned all along.

Yes, definitely a good possibly. I am curious how many they will sell.
I was at the unveil here in switzerland, the interior is much better than taycan's interor. And it's definitely more spacy than previous Macans. Overall a great car, and a bit unpopular, i do actually prefer the looks of the new one.
But it is much pricier than older generations of Macan...

EDIT: For people in switzerland / close to genve; they have a showplace of the new macan turbo on the Jazz festival in montreux this weekend

 

[FlyingPoint]

Buying a new one is straight stupid if you look at the massive depreciation experienced by new Taycan buyers from even as recent as last year.

We are bagholders.

That is quite a statement as it relates to a last year model purchase. It may be unwise but I don't think it is "stupid". It can be classified as stupid, if someone ignores the facts. There are situations that make it a smart decision. I could not see any benefit to acquiring a preowned Taycan, when I could obtain new one with a steep discount, including incentives and EV credits. Taycan lease residuals are fairly close to the future market based on my experience. My lease indicates a 48% residual after 39 months. 52% depreciation after three years for a high price luxury car is not terrible, unless your expectations were that it would not depreciate very much.
In my case, the MSRP was $160k, my residual is $78k (8/27), I paid $117K. This equals $39K depreciation over 39 months or $1k per month. I am ignoring cost of capital as it is not relevant to depreciation. This brand new MY24 4S ownership cost is less than my MY21 RWD for 39 months.

Bottom line: Being an astute buyer can level the playing field. Generalizations, while often accurate keep you out of the game. Just my 2c.

 

[W1NGE]

If true, it's not a great sign, considering the very solid improvements in the latest generation. I wonder does it mean that existing owners are not pushing for the newer variant ?

When I was last on a factory tour: Taycan was on two day shifts and 911 was on three shifts (one night one).

Macan EV is the obvious reason I'd say. Taycan was the entrée with the Macan as the main course as I'd
suggested before, everyone (apparently) prefers an SUV.

 

[bogomya]

@chun , just accept the fact that you have a car built on a new platform, the first electric Porsche of the initial release years. The company implemented many complex/unique technical solutions at that time (e.g. Taycan was the first production car with an operating voltage of 800V) to create a fast/technologically advanced electric car. It's not surprising that the first cars have certain issues. According to forum posts, the 2023/2024 model years have fewer complaints, hope that the facelifted Taycan will be a more refined product. (So then you can switch to restyle and be 100% happy with it)

 

[feye]

Yes the Chinese market is very challenging for the German producers now. Guess it will get even more difficult with the EU’s implementing the new import taxes.

And I have seen in Norway that some Chinese brands on a very reasonable priced SUV type car has given battery warranty of 10 years and 1 million km’s!

Well, the German EVs in China cannot compete on software, practicallity, warrenty. Even with big price adjustments, they find it very hard to compete. But that's only half the story. The other problem is, that Chinese people have no money anymore...

Exactly, a year ago, when we bought the Zeekr 001, we got a lifelong warrenty on the 140kWh battery.

 

[feye]

Porsche stock is the second worst performing stock in my current portfolio. Though I only bough some as a novelty/fan owner than a serious investment.

My worst performing shareholding is in FastNed (a Dutch-based EV charging company) – down 50% since I purchased. I have a much more significant position there – and am in it for the long haul. Though the company performance is much worse than the customer experience they deliver!

Brave investor... I think in a couple of years, when all these battery factories are online in Europe, things might look up a bit for the european EV industry as a whole...

 

[Hirschaj]

The other problem is, that Chinese people have no money anymore...

I’m curious about this statement. Can you elaborate please? Admittedly, I know very little about the Chinese economy and I’d love to hear your thoughts on the current state.

 

[snstevens]

But feel free to correct me.

In USA you don't have as many EVs yet. But in europe, it's a different world. There are plenty chinese EVs on the road alongside the european ones. And more will follow. That is reality. And USA is not porsche's biggest market, it's china.

The latest report on 2023 sales shows that the US is Porsche’s largest market. China’s second and Europe, close third. Overall sales increase 3% over 2022, even though China sales decreased.

https://www.best-selling-cars.com/b...che-worldwide-car-sales-by-model-and-country/

I’m very curious to see what happens in 2024 with the release of the Macan EV. This will be the only Macan model available in Europe due to cybersecurity concerns, and my personal feeling is that the US market has been waiting for just this model. I expect it to do very well in the US.

 

[WasserGKuehlt]

I’m curious about this statement. Can you elaborate please? Admittedly, I know very little about the Chinese economy and I’d love to hear your thoughts on the current state.

https://www.wsj.com/business/retail...-squeezed-by-chinese-belt-tightening-6d15a81d

(may be behind paywall)
This is an older article but the situation hasn’t improved. There is another, even more interesting article (WaPo May 2024) specific to American brands and status losing their luster in China. The tl;dr is that the consumers are more frugal, are eschewing perceived-luxury brands and are rediscovering domestic ones. This makes sense economically, and also plays into the geopolitical … strategy (just like it does in the US of A).

 

[tigerbalm]

I’m very curious to see what happens in 2024 with the release of the Macan EV.

Here in (Rep of) Ireland, the market for Porsche is tiny – probably one of the smallest in the world. There is only one dealership and they would on average sell about four to ten 911's a year (mostly base models). The Taycan was a huge hit: selling near a 100 a year – unheard of numbers here.

They got an allocation of around 250 Macan's – the largest ever allocation offered to Ireland – and has been massively oversubscribed since it was opened.

If it can see these numbers in this market – I can only imagine the numbers that large markets like the US and UK can do.

 

[Mr.Smith]

The latest report on 2023 sales shows that the US is Porsche’s largest market. China’s second in Europe, close third. Overall sales increase 3% over 2022, even though China sales decreased.

https://www.best-selling-cars.com/b...che-worldwide-car-sales-by-model-and-country/

I’m very curious to see what happens in 2024 with the release of the Macan EV. This will be the only Macan model available in Europe due to cybersecurity concerns, and my personal feeling is that the US market has been waiting for just this model. I expect it to do very well in the US.

China was Porsches biggest market in 2022, but fell in 2023. Either way, China is the focus of every car maker. Many of the designs we are seeing are aimed at the China market, not the US.

From the dealers I know, the Macan will be hit, but the question will be for how long before they exhaust the EV buyers.

 

[tigerbalm]

Many of the designs we are seeing are aimed at the China market

That's what BMW (grills) keeps telling us anyways

 

[violuma]

From the dealers I know, the Macan will be hit, but the question will be for how long before the exhaust the EV buyers.

I thought one of the big selling points of EVs was the complete lack of exhaust.

Sponsored