Quote:
Originally posted by SoCal911SC
Tech, you, of all people, being taken in by corporate spin. What's this world coming to?!? They are always going to play around with the numbers. Not lie about the hard numbers, but present them in the best light possible by manipulating the time periods - "fiscal year" when that works, "calendar year" when that works best, etc.
I clicked on your link, and the chart contained therein.
It says as follows: Year to Date - Current Year: 5432
Year to Date - Prior Year: 7145
That's a huge drop. Cayenne sales are in the tank. Porsche will NEVER, EVER reach it's sales goals for the Cayenne. It's over.
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Brian, you can think what you want. And I'm not saying you aren't justified just on the raw numbers.
But spokespeople for public companies have to be very careful about sales projections. The reason I'm not willing to write off the Cayenne is that there are quite a few months between now and the end of the year. May sales saw Cayenne numbers improve substantially over Q1.
PCNA's Boxster incentive program proved that the Porsche marketplace is very price elastic. Incentives -- especially lease incentives -- can make a huge difference in a model's acceptance. And Porsche has huge margins to play with in the Cayenne.
I'm no fan of the Cayenne, but there seems to be a pretty strong market for it in some parts of the country -- like SoCal.