I wouldn't trade an 04 until all of the current stock is depleted.
I sold cars for 6 years and have seen people taking a bath trading the previous generation when they are still on the lot new.
If Porsche is good to us ( the 04 owners ) they will not offer a large sum of trunk money This could make it harder for the dealers to get rid of their pre-owned 04's over a discounted new 04.
Mazda had this problem on the 1994 RX7 where the car had an MSRP of 40-42K and up to a total of 11K of rebates and trunk money.
Market value of the 94 RX7 used at that time was still in the mid 30s
This was a great deal for RX7 buyers wanting a new 94, killed resale on the 92 and 93. The 94 soon dropped when the 95s hit the street. If a dealer was well into a 94 when the 95s hit, it was extremely difficult to sell without loosing their a$$.
Mazda was caught with its pants down, because they printed literature for a 1995 RX7. Mazda tried to cancel production of the 1995 RX7 because there were so many 94s still on the ground and at the ports.
An interesting Federal Law makes an automaker produce a certain number of cars if they release literature and advertise to the public a new model and then decide not to produce the car.
Mazda was forced to produce 300 1995 RX7s. There were no incentives on the 1995 model.
Just about every dealer got one or two. It really sucked if they got an Automatic (which was not a slouch, but the image of an Automatic sports car made it difficult to sell).
When the 1995 model hit the lots, new and used 1994s were still on the ground.
OK, a 1994 new RX7 40-42K sticker where you can get it for 20K all day long (cheaper than a used 94),
or
a 1995 RX7 for 40-43k sticker with no more than 2300 when getting into the hold back (which Mazda started in 94 ala Ford). Then add a severely compromised resale via the 11k '04 rebate to the equation, which do you think was easier to sell?
This was a real mess in 1995 and a lot of auto manufacturer learned a lesson from this situation.
I wouldn't trade my 04 before February (Porsche's production half year mark). They have an odd way of changing/improving things mid year. I would then see how may new 04's are still on the ground and hedge my bet then. Cars produced in Feb will probably hit the lot mid March to early April.
Just my 2 cents
Dave
|