I'd venture its across all the model lines

going from '22 to '23 the CGTS was ~ $2,600 price increase for base MSRP as a reference

 

That is what I'd call an expected increase, 2-3%, if that's all it is for MY2024 I'd be elated. But when they say expect big increases I'm picturing double digits, if so and adding in the new Canadian luxury tax the car would be $10 - $15k more than MY2023. (In Canada)

 

I'm expecting a couple more toys as standard (autonomous emergency braking, lane change assist, etc) and roughly a 10% price bump.

 

10% would be my guess as well....across all product lines. Porsche has effectively been at full production for quite some time now and inflation has outstripped price increase by a significant amount over the past 2 years. If I was in charge, I would have put the hammer down for the 2022 model year. I would have been seriously impacted, so I'm elated they elected only minor increases. Regardless, this should help maintain resale value for those parting ways with their 718's.

 

That's what I feared. So, I had to pay > MSRP for a '23. Will still be less than a '24 if this is the case....

 

I guess I read it differently. To me, we can all expect the ~3% increase on current cars.
It's the EV version will cost 15% more. Just the EV, not the ICE.

 

I’m with you - this article doesn’t provide a direct quote and it feels unclear to me. Porsche’s site may eventually have a transcript of the analyst call this came from that should provide more clarity.
I found it odd that the article referenced a price “increase” on the EV model - odd to say “increase” when there never was a prior MSRP to compare to. Maybe “price premium” vs ICE model is what was meant.

I guess I read it differently. To me, we can all expect the ~3% increase on current cars.
It's the EV version will cost 15% more. Just the EV, not the ICE.

 

I've read somewhere that it is expected to be 5% to 8% across the entire model range. But as always with Porsche, we are all always just guessing!

 

I guess my source was correct in this instance!

 

"Porsche AG (POAHY.PK, POAHF.PK) reported fiscal 2022 operating profit of 6.8 billion euros, an increase of 27.4 percent from last year. The Group operating return on sales rose to 18.0 percent from 16.0 percent. Profit attributable to shareholders increased to 4.95 billion euros from 4.03 billion euros, last year. Earnings per ordinary share was 5.43 euros compared to 4.42 euros. Porsche brand is the world's most profitable carmaker."

 

This is like Disneyworld raising admission prices not because they are hurting but because they have way more than enough demand.

 

I'm going out on a limb here and making this guaranteed prediction: There will be a price increase, and it will be too much for some people and not so bad for others......

I don't even think the accountants in Germany have a firm number in their heads yet.

 

How does this work if you got allocation and production date is right around when they switch to MY24?

 

Your dealer would give you the most accurate answer. My 'guess' is that when you build your car and submit to dealer and get a V200 order confirmation sheet from the dealer with the price on it then that is price you'll pay when delivered. If you aren't at that stage yet then you'll probably pay the increase if that happens first. If an ADM was discussed then maybe there is some flexibility on that front, but again, your dealer will have the best answer.

 

I was told that as long as the car went into build before the price uplift then it wouldn't be applicable but I think it's down to your OPC. For them to loose 5-8% on a sale is quite a chunk.

 

When is pricing locked in? At deposit stage? Or allowcation?

 

As far as I know, allocation but get some clarity from your OPC. Some work differently to others.

 

I suspect that the price is locked when you have a signed contract with an agreed cost. That's how it worked for me, but I wasn't on a waiting list.

 

I think in the US, the price is locked when you have a signed contract with the dealer AND a confirmed allocation from Porsche. If you only have a signed contract, and the dealer doesn't get an allocation to fulfill it before the end of the model year and price increase by Porsche, the dealer can charge you the difference of the price increase (or you can cancel with no penalty).

This price increase wasn't a concern for me when my 2021 came in with the wrong seats and the dealer agreed to order a 2022. I got the 2022 at $1,800 more, but had it in November of 2021 rather than a 2021 in July. And the dealer still honored a 5% discount to MSRP. But now with expectations of 5-7%+ price increases for the new model year, it's a tougher pill to swallow.

 

I just saw a claim on an Emira FB group that all Porsche prices are going up 12-20% in the next few weeks. Sure hope they’re wrong…

 

If true I'll be collecting my order deposit back. With luxury tax now in Canada that'd add like $25,000 onto my current build.

 

I have my buyers order in front of me. U. S. price for a base Cayman was $60,500, plus $1,350 delivery. The configurator currently show the base price to be $63,400, and delivery is now $1,450, so the base price then was $61,850 then and $64,850, a 4.9% increase on the base car. I can't currently configure the car exactly the same way as the 2022 since some of the options aren't available, but comparing option costs item for item, Porsche didn't increase the prices on the options. So, against the price of the optioned car, it's now a 3.8% increase.

There is some point where the price increase will get me asking for my deposit back. I think 10% would do it. I'd sure like to know now, if I'm not going to get a new one I might as well start looking at used ones.

 

I just configured the same car I bought nearly three years ago and the MSRP came out only 2.8% higher. Whatever Porsche gives for a reason for a large increase in 2024, it's probably overdue.

 

Back in November, I posted this:

Since my doom and gloom scenario seems a little closer to being reality, I might as well share it. I suspect, and I think you do too, is that there will not be any more four cylinder 718s until after Osnabrück comes online this summer, the cars will be 2024 models, will have a $4000 - $5000 price increase, and the earliest anyone will get one will be the fourth quarter.

I was wrong about four cylinder cars, there were some allocated and built, but not many, and it may be that my pricing guess was optimistic.

 

Back in November, I posted this:

Since my doom and gloom scenario seems a little closer to being reality, I might as well share it. I suspect, and I think you do too, is that there will not be any more four cylinder 718s until after Osnabrück comes online this summer, the cars will be 2024 models, will have a $4000 - $5000 price increase, and the earliest anyone will get one will be the fourth quarter.

I was wrong about four cylinder cars, there were some allocated and built, but not many, and it may be that my pricing guess was optimistic.

Hah, nailed it!

 

I wonder how discontinuation of GT4 will affect 4.0 GTS resale values

 

My guess is discontinuation of the GT4 & Spyder can only help....i.e. no downward pressure on price. Of course if Porsche floods the market with 718 4.0's (which I doubt) then all bets are off.

 

I'm kind of relieved. If the increase would have been a few thousand more, my inner cheapskate would have said "too much", and I'd be asking for my deposit back. As it is, instead of fretting about whether the price would go up too much and fretting about not getting an allocation, I can just go back to fretting about the allocation.

 

Chatted with GM at my dealership yesterday. He said all models, and depending on model, between 5-8% increase end ofJuly.

 

Another increase in 4 months?

 

Just looked at the GTS in the UK compared to what I paid for mine last year. Base price has gone up £7k but you do get more standard equipment however price I paid compared to the same car now is £6k more.

 

You must have been lucky and price locked on the early priced 22 MY car, they bumped the price part way through that model year. For the Boxster GTS 4.0, the 21 MY was £66,340 (I placed my deposit at this price in March 21), 22 MY £67,250 which then got bumped to £70,000 (This was the price when I received my allocation in May 22 and what I actually paid in Nov 22, although mine is a 23 MY car), 23 MY £70,700 and now 24 MY £75,300 so the price rises have been below inflation generally, but this one is a bit of a catch up!

 

I ordered my CGTS 4.0 June 2021, allocation November 2021 and delivery March 2022. I got 3% discount and price protection from the November 2021 price increase. The cost to order today in the same spec is ~ £10k extra.

 

Slightly off topic, but it's not just Porsche putting the prices up again. Lotus have hiked the price on the Emira by a bigger margin and p1$$ed off a lot of customers who have been waiting a long time but will have to stump up if they don't get a car before June.

 

Porsche has updated the US model page, and you can now build a Style Edition.

Model Start | Porsche Car Configurator

www.porsche.com

 

I was told by my SA that it is 1.5 to 2.5 year wait for any Carrera or 718 that isn’t a base car.. I”m on the list now as I know I will want something different, likely a Carrera as I will be in need of a backseat for my grandson.Start them young as I did with my daughter. Carrera T is on the shorter end of the wait time so I’ll likely go for that. I noticed last night they got rid of the aerokit for the T, which was something I wanted. Bummer! Firist world problem.