KMII
[Montblanc Moderator]
51276
True that ;)
The difference being that the watch industry as a whole is tiny in comparison to the car industry. I guess the whole industry would be smaller than a medium sized car manfuacturer in annual sales and their investments in R&D and other areas are miniscule in comparison, too - so it is easier to follow this approach (for a while at least).
Porsche removed from Dax…
It was touted for a while but finally announced yesterday that Porsche was removed from the Dax stock index of 40 top stocks in Germany. The value dropped by a third over the past months and the delisting there and transfer to MDAX of medium sized compani...
Not surprised as they are going in the direction of Ferrari.
It used to be you wanted a 911 you could buy a 911 from your dealership. Now it’s these games of dealer mark ups and how many cars have you bought from us? The appeal to Porsche has become less and less for me aside from the ones I have. Plenty of great o...
Ferarri does it at volumes, where the strategy can in principle work...
Porsche would find it a lot more challenging at their volumes...
True that ;)
The difference being that the watch industry as a whole is tiny in comparison to the car industry. I guess the whole industry would be smaller than a medium sized car manfuacturer in annual sales and their investments in R&D and other areas are miniscule ...
I find many of the cars objectively still very strong...
But the approach has become more challenging indeed. Sadly, the bread and butter is not drawing in enough customers and the volumes are suffering badly. In Europe dealers now proactively chase after customers with double digit discounts (not for the more ...
I understand your reasoning
and I love my entry level Macan. One thing I will say though, personally, I don't think a Porsche and EV should ever appear in the same sentence.
While I understand where you are coming from...
If they were to follow, that would automatically mean a stop as a business entity relatively soon...
Change is not always easy or pleasant...
And we all miss some fun aspects of the past. I guess it will be similar with ICE cars in the decades to come
At least old school watches will probably still prosper ;)
Until our generation is around - not sure if it will go on for another one (just like clocks have practically cratered as a category in the last 20 or so years)...
I understand the nostalgic reasoning...
But like other car companies Porsche needs to be a viable business concern. Without electric this will not work in the automotive industry, whether one likes it or not. Even much smaller brands like Ferrari will bring out fully electric cars shortly, so i...
The possibilities electric cars offer…
In terms of torque vectoring, control, pivoting, etc. go way beyond what was possible with even the most advanced ICE cars. It will take a little while for all of this to trickle down but they are far away from reducing driving pleasure. Of course one can...
Definitely looks badass 🦾👍🏻🏁
Ever thought of the Air Sapphire for the additional performance and space on offer? 😊🤷🏻♂️
The looks are divisive indeed…
Or maybe too neutral to engender much love 🤷🏻♂️ The brand is still very much an exotic proposition in Europe but certainly has me intrigued 😊
Apologies in advance if my post offends anyone as it is not my intention.
But I am old and therefore my thinking may not be relevant to now, when I was growing up in the late 70'-80's a Porsche was a relatively rare sight and inspired awe and desire at its beauty. They were real sports cars that not just anybody could jump behi...
You are making some very valid points...
There is an important aspect to consider. For most of its existence Porsche has been a fairly marginal business proposition, often on the brink of viability. At the same time for a long time the volumes they produced were feasible as the complexity of the...
I understand and agree with all you say.
Just glad I grew up when I did and it was in a world where I had a lot of adventures and fun, they may have been simpler times but they were great fun. Marc
Fully agree on the fun aspect of those days 😊
I might have not fully enjoyed them but trying to catch up as best I can 😁😉🤞🏻
The price appreciation of these new 911 are eye watering…
It used to be 90s-mid $150k usd for new 911s but it’s double in 20yrs. Not sure if the stock price decline is any indication of the list prices…I hope so, my wishful thinking 😅
The pricing has gone through the roof on many brands...
The chip crisis shortage convinced car manufacturers that they could make another steep step but that was probably one too far. As for the stock price decline, the RoS has dropped from 18% to just above break even (some one time effects for sure), so that...
It’s apples and oranges…
There’s more Rolex watches than Toyota Corollas produced on the one hand, on the other hand it’s a Veblenian bauble with a lot less actual practical use or necessity than a car. And while both Porsche and Rolex can be considered luxury of sorts not the sa...
Thank you for sharing these insights into the industry
It’s both a fascinating and depressing corner of the world to work in. My personal corner (after-sales and aftermarket service & diagnostics) was enough to keep me intrigued for 25+ years, send me traveling to dozens of countries and gave me the resources...
You were there during the golden era 👌🏻👍🏻
And your experiences were amazing indeed! I still managed some interesting stuff during the twilight years but for people who entered recently it’s not a great place to be 🤷🏻♂️