The Cost of a New Porsche

The Cost of a New Porsche

Author
Discussion

ChrisW.

Original Poster:

6,836 posts

262 months

Monday 29th April
quotequote all
I came across a 2004 ... model year 2005 Porsche Price List.

The cheapest 911 Carrera cost £58380.00 ... which after inflation of 75% (BoE) ... equates to £102,165.00.

How much more is included in a cheapest 2024 992 than the 2004 Carrera, and what is the current list price ??

I'll go and have a look !

£97000 ...



Edited by ChrisW. on Monday 29th April 15:21

Ken_Code

1,566 posts

9 months

Monday 29th April
quotequote all
50% more metal, far more safety equipment, and probably about 50% more power.

Wills2

24,384 posts

182 months

Monday 29th April
quotequote all

At the weekend I came across my order form for a 997.2 C2S dated August 2009, the invoice price ex VAT and VED was £64974 I went on and spec'd a new C2S to the same spec that came to £95,474 ex VAT and VED.

£64,974 is £99,846 in todays money, so before the government come in for their double dip the price today is behind inflation.

The "on the road" price of the 997 C2S was £75,180 (£115,529 in todays money) the 992 C2S came to £116,964 on the road, so it's government tax that is driving pricing above inflation, equalise the VAT % and VED £ amount and it would be £110,255 on the road.






ChrisW.

Original Poster:

6,836 posts

262 months

Monday 29th April
quotequote all
Which suggests that Porsche are not driving the brand up-market ... it's just inflation catching up with us.

Wills2

24,384 posts

182 months

Monday 29th April
quotequote all

It would suggest to me that tax is at an all time high with the government digging deeper in to everyone's pockets.






Youforreal.

678 posts

11 months

Monday 29th April
quotequote all
ChrisW. said:
Which suggests that Porsche are not driving the brand up-market ... it's just inflation catching up with us.
Exactly, no telling some though.

jamsp00n

56 posts

9 months

Monday 29th April
quotequote all
Wills2 said:
The "on the road" price of the 997 C2S was £75,180 (£115,529 in todays money) the 992 C2S came to £116,964 on the road, so it's government tax that is driving pricing above inflation, equalise the VAT % and VED £ amount and it would be £110,255 on the road.
Somewhat tendentious way of looking at it.

Go price up a 964 or a 993 and you'll likely find that, in at least some cases, even with VAT etc, current pricing hasn't kept up with inflation, which doesn't exactly sit well with the idea that the government is "driving pricing above inflation".

Just by way of example, in 1995 the base price of a 911 Turbo was £91,950. Which according to the BoE inflation calculator is £182,055 in March '24 £s. That compares with a base price of £159,100 for a 911 Turbo right now. Isn't the government wonderful, making 911 Turbos cheaper!

Basically, depending on exactly which historical reference point you choose, you'll get different outcomes. The 997.1 in particular happens to be an anomaly where pricing fell pretty drastically in real adjusted terms. Almost any era of 911 you pick looks expensive compared to an early 997.

ChrisW.

Original Poster:

6,836 posts

262 months

Monday 29th April
quotequote all
My example is a very early 997 ...

On the question of tax ... if this is making expensive items less affordable, the Gov has borrowed a lot to enable us all to live through three exceptional World events ... the Banking Crisis of 2008, Covid 2019 ... and now hot on the heels of this, War in Ukraine ++

Who does anybody think will pay for this ? If not us, our children ??

Or Messrs nobody ???


Grantstown

1,093 posts

94 months

Monday 29th April
quotequote all
Do car prices generally track with inflation, or are they gradually becoming a more affordable proposition?

Wills2

24,384 posts

182 months

Monday 29th April
quotequote all
jamsp00n said:
Wills2 said:
The "on the road" price of the 997 C2S was £75,180 (£115,529 in todays money) the 992 C2S came to £116,964 on the road, so it's government tax that is driving pricing above inflation, equalise the VAT % and VED £ amount and it would be £110,255 on the road.
Somewhat tendentious way of looking at it.
Not at all, you need to remove the government from the price as that gives you the underlying price structure and shows the true inflation otherwise you end up "blaming" the manufacturer for price elements that are out of their control.

You stick to your thoughts though by all means.















ChrisW.

Original Poster:

6,836 posts

262 months

Monday 29th April
quotequote all
Grantstown said:
Do car prices generally track with inflation, or are they gradually becoming a more affordable proposition?
I think the evidence so far is that over time we are getting a better car for broadly the same price ...

My dad's first car cost him £25 when his semi detached house cost him £800 ... ?? But there are cars and cars !