Porsche said today i
t is raising prices for the 2008 models of most of its cars, which will take effect in August. While the company made the announcement from its headquarters in Germany, a U.S. spokesman confirmed retail prices would rise accordingly in the U.S. as well, ranging from a 0.4% hike for the Boxster S to a 2.3% increase for the 911 Turbo.
What is amazing is the price differences between Porsches sold in Europe and the U.S., due largely to how the U.S. dollar continues to tank. The starting price in the U.S. for the Cayman is $58,900 versus EUR 48,879 $66,079 in Europe after the price increase. For the Porsche 911 Turbo, $122,900 in the U.S. before the price increase and EUR 117,600, or $158,960 in Europe after the price increase. After adding the insane sales taxes and "country-specific" requirements, the Porsche 911 Turbo's recommended retail price in Europe will be EUR 140,152, or $189,450, come August.
Just count your lucky stars that you aren't living in Europe and getting paid in dollars, like this blogger is.
