Porsche dealers were recently accused of colluding with speculators to inflate the prices of the cars. In response, the sellers have removed all models of the Porsche Cayman GT4 that were being sold at significantly higher prices compared to what the brand listed in its website.
Late in March 2016, Porsche dealers were advertising on Porsche’s Approved Used website almost new Porsche Cayman GT4s at over $42,000 above the original list price. After two weeks, all the advertised cars were deleted from official websites. Rumors circulated that Porsche GB requested the dealers to take the cars out of the sale. However, Porsche GB denied such action.
“We cannot tell our dealers what they can or can’t do," a Porsche GB spokesman told Auto Express. "No communications have gone from Porsche to the dealers to that effect.”
AMOnline stated that according to a Porsche spokesperson, they leave the allocation of cars to individual Porsche centers because they know the customers best. They also encourage people to buy the cars and enjoy them. The market would decide on the value and Porsche dealers would check outside the network to decide how much a used car should be valued.
The problem was although the cars are no longer being advertised at such outrageous rates, Porsche dealers are still selling the vehicles. The dealers were accused of initiating a scheme that would let buyers purchase cars with a few miles already in them at higher prices.
One potential client revealed that he was offered eight different Cayman GT4s at significantly higher prices compared to the offers at official Porsche centers. Several existing and potential Porsche owners were angry with how the special models were being advertised and sold. The approach would leave potential buyers with only nearly new models that are several thousands more expensive than the brand new ones, which supposedly cost less.
The scheme would involve the dealer receiving an initial profit from the first sale, and then another profit upon reselling the Porsche. Dealers would allegedly offer a potential buyer the car, whose owner apparently no longer wanted to purchase the car but would want to get some profit from offering the car to another.
The dealers would claim that the models were in very short supply and only available to very loyal Porsche clients. The scam has reportedly been going on for several years.
More updates and details are expected soon.
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