PORSCHE 7-day factory shutdown to cope with downturn in biz....
#7
11-25-2008, 11:27 PM
I think it's a smart move . Here's why :
They are hedging losses within their business ,maintaining wages to retain employee morale , and lowering production to keep the value up on what they do produce .
Unlike the big three who grovel for bailouts they are not waiting until the $h*t hits the fan to intiate a bit of self discipline and structure .
As owners we benefit too . The recent Turbo soft market is NOT what I imagine Porsche wants to see . My guess is that they realize that if acustomer buys a 150K car he wants to see some resale value retention . Plus they have a "certified" program .
Kudo's to Porsche . In my opinion they are making the best of a bad circumstance and factoring in every aspect of it.
As for the buyer --he can buy a used Porsche and at least have a car with a warranty and the potential to retain some value with this type of business strategy .
They are hedging losses within their business ,maintaining wages to retain employee morale , and lowering production to keep the value up on what they do produce .
Unlike the big three who grovel for bailouts they are not waiting until the $h*t hits the fan to intiate a bit of self discipline and structure .
As owners we benefit too . The recent Turbo soft market is NOT what I imagine Porsche wants to see . My guess is that they realize that if acustomer buys a 150K car he wants to see some resale value retention . Plus they have a "certified" program .
Kudo's to Porsche . In my opinion they are making the best of a bad circumstance and factoring in every aspect of it.
As for the buyer --he can buy a used Porsche and at least have a car with a warranty and the potential to retain some value with this type of business strategy .
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#8
11-26-2008, 01:38 PM
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#9
11-26-2008, 08:25 PM
I think it's a smart move . Here's why :
They are hedging losses within their business ,maintaining wages to retain employee morale , and lowering production to keep the value up on what they do produce .
Unlike the big three who grovel for bailouts they are not waiting until the $h*t hits the fan to intiate a bit of self discipline and structure .
As owners we benefit too . The recent Turbo soft market is NOT what I imagine Porsche wants to see . My guess is that they realize that if acustomer buys a 150K car he wants to see some resale value retention . Plus they have a "certified" program .
Kudo's to Porsche . In my opinion they are making the best of a bad circumstance and factoring in every aspect of it.
As for the buyer --he can buy a used Porsche and at least have a car with a warranty and the potential to retain some value with this type of business strategy .
They are hedging losses within their business ,maintaining wages to retain employee morale , and lowering production to keep the value up on what they do produce .
Unlike the big three who grovel for bailouts they are not waiting until the $h*t hits the fan to intiate a bit of self discipline and structure .
As owners we benefit too . The recent Turbo soft market is NOT what I imagine Porsche wants to see . My guess is that they realize that if acustomer buys a 150K car he wants to see some resale value retention . Plus they have a "certified" program .
Kudo's to Porsche . In my opinion they are making the best of a bad circumstance and factoring in every aspect of it.
As for the buyer --he can buy a used Porsche and at least have a car with a warranty and the potential to retain some value with this type of business strategy .
#10
11-26-2008, 10:26 PM
They have some unfortunate timing with the Panamera sedan introduction coming at a time of weak markets. I doubt if they will hit their internal sales targets, but they should be able to hold production down.
#11
11-26-2008, 10:55 PM
#12
11-27-2008, 12:29 PM
Lou
#13
11-27-2008, 05:44 PM
I agree with this being a smart move. The used turbo mkt has really taken a dump in the last 4 months and i was considering a turbo as they were going for 100k for an 07.
I will reserve judgement on the panamera until i have seen the final production photos.
I will reserve judgement on the panamera until i have seen the final production photos.
#14
11-27-2008, 06:02 PM
#15
11-27-2008, 07:02 PM
Severe Recession
Most people don't realize how bad it already is in the car business. I live in Jacksonville, Florida and MB imports cars into the local port. Rather than take downtime at the plants in Germany they have been runnig at normal production rates and shipping the cars to the U.S. to put in inventory. I should post the pics of the cars they now have in inventory off the port site. Acres and acres of cars. I would estimate somewhere between 60 and 80 acres of nothing but MB cars of ALL classes. Easily 4,000 to 5,000 cars. The question is how are all those cars going to get sold if people are losing their jobs or cannot obtain credit for a $80,000 S class. This is going to get real ugly very fast. For those of you in the market for a MB now is the time to make a deal - 25% off sticker at a minimum!!!