BAT & GT3 prices: A study in manipulation

[gsxr]

Fascinating read here about dealers using BaT to manipulate the Porch market.

The RENNlist peanut gallery mostly poo-pooh'd this as conspiracy theory. However - with a $7.5k loss in BaT fees each time a "sale" just goes to another dealer or shell company... clearly there are very few genuine sales to people who actually title the car in their name and, you know, DRIVE the stupid thing.

BAT & GT3 prices: a study in manipulation by chicagomarketing - Rennlist - Porsche Discussion Forums

992 GT3 and GT2RS Forum - BAT & GT3 prices: a study in manipulation by chicagomarketing - This is an important analysis of the current status of GT3 prices, dealer markups, and price manipulation using car auction sites done by forum poster chicagomarketing . This was originally buried in the...

rennlist.com

 

[maw1124]

How "I know what I have" became a thing... I'd completely missed the need for an intermediary because OEMs police their dealers... all makes total sense now.

maw

 

[daantjie]

I'm still a bit baffled by how Porsche has managed to keep the demand for essentially "rinse repeat" 911's in the stratosphere. They're great cars no doubt and kudos to them but wow it's pretty insane how they can churn out another 911 and variants thereof and still have folks throwing money at them. I will pretty much sell my soul for a Carrera GT tho

 

[maw1124]

I'm still a bit baffled by how Porsche has managed to keep the demand for essentially "rinse repeat" 911's in the stratosphere. They're great cars no doubt and kudos to them but wow it's pretty insane how they can churn out another 911 and variants thereof and still have folks throwing money at them.

Because Ferrari "manufacture one less than the market demands"... so mere mortals are left to resort to Porsche... and there are way many more mere mortals than Ferraris.

I was at the largest ever gathering of Ferraris in the USA in 2016 at Daytona. It wasn't an overwhelming number of cars.

If Ferrari were smart they'd buy Porsche and do the same thing there.

maw

 

[duuder]

this was well written and researched... i've bid on a few cars on bat thought some of the bids were shills. they were new accounts, no engagement or bids before and after...

 

[maw1124]

this was well written and researched... i've bid on a few cars on bat thought some of the bids were shills. they were new accounts, no engagement or bids before and after...

Yeah we've been discussing it in the E46M forums and one of the guys posted that. I thought it was well done and so passed it along. Clearly everything is not as it seems with BaT and the games dealers play over there "for a few dollars more".

maw

 

[duuder]

and wow... thoses porsche guys are assholes and i used to have one... it reminds me why i'm private about my cars on socials even though i am a car enthusiast

 

[gsxr]

Wob found the thread and was not amused. LOL.

 

[maw1124]

Yeah ... but let's not miss the big picture... something about smoke and fire.

maw

 

[doolar]

Porsche deliberately manufacture a feeling of shortage of cars. My friend who’s bought three new 911’s over the past five years still had to wait over a year for his 911 GTS convertible. He finally took delivery yesterday. In fact all previous he bought, he had to wait a very long time.

It went so far that he kept it secret for all his friends that he bought it so he didn’t have to explain why the car is not delivered yet, because people are jealous and speculate that he’s just bullshitting everyone. He is not rich, just a humble hard working man who invested sensibly over several decades. The Porsches are his indulgence.

It’s a ridiculous situation and Porsche should count themselves very lucky to have such a strong following as my friend, who obviously loves his 911’s. When he wanted to buy his very first 911 years ago, the dealer in our city refused him, so he had to buy from a smaller dealer to begin with. All Porsche dealerships.

I’d never accept to be treated like that with my £250.000, not once and absolutely not four times.

But this is why 911’s in particular are so overpriced and popular with the flippers.

But it’s a really nice car so there’s that.

 

[FD.]

It’s great that VIN sleuthing allows these connections to be traced.
But I don’t see anything particularly sensational in this “investigation.”


Flipping car allocations and dealer stock has been a core cashflow generator for US Porsche dealer teams for at least the past quarter century. The only real shift is that the process has become more systematised and tech-driven, with inventory now routed through online platforms.


At the end of the day, this can be read as a fairly accurate reflection of price–demand dynamics on hot models. After all, nothing is stopping Porsche from simply raising GT3 MSRP to, say, 350k and cutting these middlemen out altogether.