Should the big 3 be bailed out?

[Brian Minkin]

cjbcpa wrote:

CB

Off topic but relevant, did anyone see the latest Pano. Porsche only sold something like 185 Boxers & Caymans nationwide in September. That can't even be one per dealership. Makes me wonder how the Porsche dealer network will survive.

It is tough for all dealers right now regardless of brand. Of course that is only the picture for new car sales and Porsche dealers sell used as well and make money on service and parts sales. I am sure their business is slow but unlike most car dealers their business plans are not based on moving a high volume of cars to keep the doors open.

Of the dealers that I service that say they are doing "OK" despite the economy are stores for Lexus, Infinity and Acura. Expensive luxury sport sedans are still selling at a decent pace. I think Porsche is correct in moving into this market and will fair well with the new Panamera. I have met many first time Porsche owners who's first Porsche was the Cayenne and I am sure the Panamera will attract first time Porsche buyers as well.