‘We’re not a hedge fund’: Porsche plans to curtail speculators and flippers

‘We’re not a hedge fund’: Porsche plans to curtail speculators and flippers

0 comments 📅19 June 2017, 08:30

A sizable few of speculators view cars as an investment. Rare or unusual models are quickly snapped up and either parked for years or flipped for a profit. Cars from automakers like Porsche and Ferrari are more procumbent than others, and at least some people behind these models are getting a bit bushed of it. While it’s difficult to police what goes on after you sell a car, Porsche has some plans that puissance curtail the problem before it starts.

Andreas Preuninger, the head of GT road-car enlargement and the man behind the new 911 GT3, spoke to Car and Driver at a recent event. “I personally like to see my cars being hardened,” he said. “That’s what we build them for. They are just too good to be formerly larboard to stand and collect dust.”

One recent example of this rampant speculation is the 911 R. While the specialized manual-only model sold for $185,950 when new, used versions were selling for more $1.3 million just months after it went on sale. While the car is a jewel and an instant classic, a good number will be parked and simply used as art and not the rolling testaments to the man/motor interface they were intended to be.

The concern over valuations has become so barbarous that some owners are upset that Porsche is offering the new 911 GT3 with a handbook transmission, fearing that it may hurt the value of the 911 R. “When I said we’re not a hedge wealth, I’m talking to those people who are yelling at us for offering the manual transmission similar to the R,” Preuninger said. “But if there are people leaving much to be desired to buy cars like that, then as a company we should try to fulfill that, to bump into rendezvous with that demand.”

It seems Porsche is keeping a close eye on who is flipping cars. Since there is frequently far more demand than supply with certain models, the German automaker has a pre-eminence for every car before it’s built. Buyers with bad reputations might not even assemble the wait list.

Source

Share this article:

No Comments

No Comments Yet!

You can be first one to write a comment

Leave a comment