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'We're not a hedge fund': Porsche plans to curtail speculators and flippers

A sizable number of speculators view cars as an investment. Rare or unusual models are quickly snapped up and either parked for years or flipped for a profit. Cars from automakers like Porsche and Ferrari are more prone than others, and at least some people behind these models are getting a bit tired of it. While it's difficult to police what goes on after you sell a car, Porsche has some plans that might curtail the problem before it starts. Andreas Preuninger, the head of GT road-car development and the man behind the new 911 GT3, spoke to Car and Driver at a recent event. "I personally like to see my cars being used," he said. "That's what we build them for. They are just too good to be left to stand and collect dust." One recent example of this rampant speculation is the 911 R. While the special manual-only model sold for $185,950 when new, used versions were selling for nearly $1.3 million just months after it went on sale. While the car is a masterpiece and an instant classic, a good number will be parked and simply used as art and not the rolling testaments to the man/machine interface they were intended to be. The concern over valuations has become so fierce that some owners are upset that Porsche is offering the new 911 GT3 with a manual transmission, fearing that it may hurt the value of the 911 R. "When I said we're not a hedge fund, I'm talking to those people who are yelling at us for offering the manual transmission similar to the R," Preuninger said. "But if there are people wanting to buy cars like that, then as a company we should try to fulfill that, to meet that demand." It seems Porsche is keeping a close eye on who is flipping cars. Since there is often far more demand than supply with certain models, the German automaker has a name for every car before it's built. Buyers with bad reputations might not even make the wait list. Related Video:

Car companies may need to start curbing model proliferation

Looking at the current automotive landscape, especially from German makers, you quickly get the impression that less definitely isn't more. BMW alone offers its 3 Series platform in practically every segment possible, including the regular sedan and 4 Series Gran Coupe, which would seem to be direct competitors. Porsche might be the winner, though, with 20 different variants of the 911 listed for sale on its US website. However, some of this model madness might be reaching an end as companies begin cutting back spending or shifting money to other priorities.
According to Yahoo Finance, the offerings from the German automakers are up 25 percent over the past three years to over 200 models in Europe. The peak is expected to come around 2018 at 230 separate vehicles, according to consulting company PwC.
Amazingly, BMW, which is among the poster children for this model explosion, might be changing its tune. "I'm sure there will be points in the future where we look at certain cars and say, 'Maybe we need to think differently now,'" said head of sales Ian Robertson in an interview, according to Yahoo Finance. The statement certainly sounds shocking coming from a company rumored to have 23 front-wheel-drive vehicles all using a single platform on the way.

Porsche 911 and Citro"en DS lovechild would look like this

The early Porsche 911 and the Citroën DS were two cars produced in the same era (though the DS launched in 1955, nearly 10 years before the 911), but they were vastly different from each other. The 911 was a uniquely German, pure-bred sports car, while the French-built DS had four doors and focused more on ride quality than sporting intentions. That made it all the more surprising when we came across the 911DS, a creation that binds the rear half of the Citroën to the front of an early, longhood 911.
The folks at Brandpowder are behind the creation, which we surmise was an exercise in design rather than an actual, completed project (some of the images look Photoshopped), but it's compelling nonetheless, with a turbocharged flat-six providing 260 horsepower. We hope someone builds it - though we're sure if that happened the early 911 crowd would cry afoul at one of its increasingly rare and valuable Porsches being grafted onto an old French car.
But as Brandpowder points out lightheartedly, perhaps the creation could transcend popular car culture: "The 911DS represents the effort of two countries, a genuine attempt to join their energy and talent into one thing. We hope Germany and France will be inspired by Brandpowder's story, as a metaphor for a better and greater Europe."