Porsche Inventory to Stay Down This Year
Dealers told at NADA Show that supply issues haven’t gone away.
Porsche dealers were told that the German automaker will prioritize performance models as supply constraints continue, including the GT and GTS.
IMAGE: Porsche
Porsche executives told Automotive News that inventory will continue to be reduced this year as pandemic-related supply constraints linger across the industry.
Dealers were told at the recent National Automobile Dealers Association Show in Dallas that the German automaker will prioritize performance models, such as the GT and GTS.
Porsche Board of Regents Chairman Mike Sullivan told the publication that dealers’ questions to brand executives at the show focused on sales and production this year, and that they’re clamoring for more inventory.
Sullivan told Automotive News that U.S. Porsche sales should be in the low 70,000s, about flat compared to last year but nevertheless profitable for its North American arm and its dealers.
Its 2022 U.S. retail deliveries totaled a tad over 70,000, a historic best for Porsche Cars North America and outperforming the 2021 record, it said. Its certified preowned sales rose 10% for a record of nearly 33,000.
More Dealer Ops
Ladies and Gentlemen, This Is a Dealership: Why the Fundamentals Still Decide Who Wins
A teaching moment by a legendary football coach happens to apply perfectly in the auto retail space. Learn what it is and how to use it to your store’s advantage.
Read More →
Timing the Market Can Hurt Long-Term Program Performance
For dealer-owned reinsurance entities, avoiding volatility entirely can mean falling behind inflation and missing market rebounds that drive long term surplus growth. Missing just a handful of strong market days can materially impact cumulative returns—an important reminder for long horizon trust and investment strategies.
Read More →
Dealer Ads and the FTC
The agency has made it clear in recent enforcement actions and warnings, in auto retail and other industries, that advertised prices must include all nonoptional costs to the consumer.
Read More →
Used Autos Supply Dwindles
The March shopping surge, despite high prices, cut into inventory by the most since the thick of the pandemic, Cox Automotive analysts calculated.
Read More →
Managing Risk Effectively Through Changing Times
The variables influencing risk pricing have changed significantly over the past five years. Being proactive and responsive to emerging trends is not optional but essential.
Read More →
Survey Reveals What Won't Fix What's Breaking Car Sales
AutoPayPlus says extra-long auto loans are trapping consumers and threatening the dealer trade-in cycle, and that the industry is leveraging the wrong tools to combat high MSRPs.
Read More →
IA American Appoints Two Execs
Senior vice presidents of the company's agent and dealer channels chosen to support general agents and help auto dealers with sales and performance.
Read More →
Cox Automotive Acquires Inspection Firm
Full ownership of Alliance Inspection Management, or AiM, meant to unlock growth for Manheim inspection capabilities
Read More →
Assurant Expands Partnership With Holman
Extended collaboration delivers training, products and performance development to 30 newly acquired Holman dealerships
Read More →
Franchises, Throughput Down in First Half
A handful of states see franchise growth through June, while EV sales per store boost overall business in U.S.
Read More →