Currently reading: Porsche boss proposes subscription model to deter speculators
CEO Oliver Blume puts forward potential solution to having limited edition models sold on at vast profits
Jim Holder
News
1 min read
22 March 2019

Porsche CEO Oliver Blume has proposed a subscription model as a potential solution to speculators buying the firm’s limited edition cars to sell on at huge profits.

Although the problem of investors making huge mark-ups is industry-wide, Porsche’s volume of highly collectable, very limited run models, ranging from the Boxster Spyder through to Porsche 911 GT and R models and the 918 Spyder, has regularly put it in the spotlight.

In particular, the 911 R hit the headlines in 2016 when collectors were reported to be spending around five times its asking price just months after its launch in order to jump waiting lists.

“Our interest is to sell cars for drivers, not dealers,” said Blume. “We put so much love into them, with the goal of people driving them not to put them in a garage.

“One thing we could do is look at leasing models to try to avoid this kind of dealing, so the car doesn’t get sold on for a period of time. It is one solution.”

First refusal on limited run cars are usually dictated by retailers and given to regular customers, but this has failed to stop speculators selling on, while some car dealers are also believed to be on the preferential lists, albeit with the express intention of selling the cars on.

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Boris9119 24 March 2019

Symbiotic Relationship

Its a smybiotic relationship between the dealerships and the 'special customers'. Always has been. See many base Cayman or base Boxster sitting in showrooms with 'delivery miles' like you do GT3, GT3RS, GT2, no of course not, they don't appreciate, so the 'special customers' don't buy them. Porsche know the problem is at the dealerships, but have been unwilling to tackle it. And let's be honest, its only a PR problem, it's not hurting the bottom line, its not hurting their profitability?

gagaga 24 March 2019

Well

We all know this is nothing to do with stopping speculation but rather designed to keep the benefits of it to swell porsche's coffers.

pog 23 March 2019

The dealers are partisans

I have been trying to buy a 911 GT3 for over a decade both in France and UK; Consistently ignored my requests; I think dealers prefer to sell standard 911 at full list price (i have owned 8, some from new) and look after speculators who will allow them to make more profit once car is back on forecourt; my car never sees the side entrances of Harrods or back streets of Knightsbridge ...just oxfordshire roads...We keep Porsche alive, silly us:) but god its true your cars are amazing !