Quote:
Originally Posted by lspain
It will be interesting to see the effect of the euro vs dollar on the MSRP of the new Cayman, assuming it comes out in 2009.
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Dealers use the Dollar vs Euro to scare people into buying now.
But, I've read some Porsche financial reviews that say they have the exchange rate hedged and covered until 2011 or 2012( I can't remember which)....so fluctuations will not effect prices in any major way.
What's also funny, is in the last few days, the dollar has gotten stronger (Russian tanks on the move in Georgia...and slow-downs in European economies). Its funny how fast things change.
Expect the price to increase by around $1,200 dollars for the next models. Not a big deal. This is based on applying the same percentage increase we've seen on the 2009 911's. (Some of this price increase may be further offset by the addition of new standard features- like the rumored upgrade to the headlights and stereo).
The entire luxury car market is falling. Lots of talk about the depreciate in the Ferrari market lately. Too many cars for sale and prices are dropping monthly.
Ferrari is trying to limit its dealers from advertising prices. They don't want future buyers to realize how much extra glut is in their inventory.
The last factor to consider.... is the home equity loan. Many luxury cars were purchased with rising equity in home values. With the decline in home equity loans, you are seeing a lot less purchasing power chasing luxury items like cars and boats.