Porsche U.S. October sales up 15.1% to 1,642 units

[ASusilovic]

SAN FRANCISCO (MarketWatch) -- Porsche Cars North America Inc. said Tuesday sales in the U.S. rose 15.1% in October to 1,642 units from 1,427 in October 2008. "This marks the third consecutive month that PCNA has recorded an increase in year-over-year sales from 2008," said the European automaker.

http://www.marketwatch.com/story/porsche-us-october-sales-up-151-to-1642-units-2009-11-03

Made in Germany, financed by US FED QE....

 

[jordanf]

There are a little over 200 Porsche dealers in the country, so that is 8 per dealer, or about 2 cars a week per dealer. I wonder what the dealers profit margin is? I assume the weak dollar isn't helping.

Of course the service departments at these dealerships are raking it in. And I believe many Porche dealerships are not exclusively Porsche.

 

[Scataphagos]

Quote from jordanf:

"... the service departments at these dealerships are raking it in.

About 3 years ago the labor rate at local Audi dealer was $175/hr. Any idea what it is at Porsche?

 

[makloda]

A German car going for 100k EUR in Europe goes for $100k USD in the States, i.e. the Dollar punishes the car manufacturers outside of the US, not US customers.

 

[mastertrader12]

good question, Scataphagos. I'd like to know this as well.

 

[Landis82]

Quote from Scataphagos:

About 3 years ago the labor rate at local Audi dealer was $175/hr. Any idea what it is at Porsche?

I own a 997-generation GT2 and my wife has a Boxster.
Our local Porsche dealer
charges $160 per hour.

 

[ambienCR]

well worth it. those guys are like brain surgeons compared to the local pep boy greasey monkey

 

[TradingPilot]

Quote from Landis82:

I own a 997-generation GT2 and my wife has a Boxster.
Our local Porsche dealer
charges $160 per hour.

I hope you take the GT2 to a couple trackdays a year otherwise you are wasting a lot of car there sir

 

[jordanf]

Quote from makloda:

A German car going for 100k EUR in Europe goes for $100k USD in the States, i.e. the Dollar punishes the car manufacturers outside of the US, not US customers.

So it is the manufacturer that bears the brunt of the weak dollar, not the dealer? I assumed it would be the US dealership since they purchase their inventory with increasingly weaker dollars. I've probably got it wrong.

I think it was 190/hr last summer, but that is priced in Hamptons dollars.

 

[orange_trad]

Quote from makloda:

A German car going for 100k EUR in Europe goes for $100k USD in the States, i.e. the Dollar punishes the car manufacturers outside of the US, not US customers.

I'll be damned... Porsche 911 Turbo $135k in US, €145k in Germany. I wonder if there's a difference in the features list though. Still, [145-(135/1,48)] $54k covers an awful lot of extras in the car. Does it come with a daily complimentary bj?