Sales Performance - Porsche Cars Canada, Ltd. reported total sales of 10,010 units for 2025, reflecting a decrease of 3.5% compared to 2024's sales of 10,374 units [1][3] - Porsche Approved Certified Pre-Owned vehicle sales increased to 4,295 units in 2025, marking a growth of 4.7% from 4,101 units in 2024 [1][3] Model-Specific Sales - The 718 Boxster saw sales of 468 units in 2025, up from 451 units in 2024 [3] - The 718 Cayman experienced a significant increase in sales, reaching 506 units in 2025 compared to 379 units in 2024 [3] - The 911 model sold 2,037 units in 2025, down from 2,208 units in the previous year [3] - The Cayenne model's sales decreased to 2,551 units from 2,949 units in 2024 [3] - The Macan model had sales of 3,877 units, an increase from 3,779 units in 2024 [3] - The Panamera model's sales rose to 321 units from 248 units in 2024 [3] - The Taycan model saw a decline in sales, with 250 units sold compared to 360 units in 2024 [3] Brand Development - The opening of the Porsche Experience Centre Toronto in 2025 has enhanced customer engagement and brand presence in Canada, being the first of its kind in the country and the tenth globally [2][4] - Porsche Cars Canada, Ltd. employs over 70 staff members to support various functions including sales, marketing, and public relations, ensuring a high-quality customer experience [4]

Core Insights - S&P Global Mobility announced the winners of its 30th annual Automotive Loyalty Awards, with General Motors and Tesla receiving the top awards for customer retention [1][2] Group 1: Awards and Winners - General Motors won the 'Overall Loyalty to Manufacturer' award for the 11th consecutive year [2][8] - Tesla secured the 'Overall Loyalty to Make' award for the fourth consecutive year [2][8] - The awards were based on an analysis of 13.6 million new retail vehicle registrations in the U.S. from October 2024 through September 2025 [2][10] Group 2: Market Analysis - The analysis indicates that the market is rewarding manufacturers with broad portfolios, emphasizing the importance of customer retention as a performance indicator [3][4] - The competition for awards was intense, with several categories decided by less than one percentage point, highlighting the significance of each win [4] Group 3: Strategies for Success - Product redesigns were identified as a key driver of loyalty, exemplified by Mini's win for 'Most Improved Make Loyalty' due to updates to its Cooper and Countryman models [4] - Chevrolet Equinox achieved 'Overall Loyalty to Model' following a redesign that resulted in a four-percentage-point increase in model loyalty year-over-year [4] Group 4: Brand-Specific Insights - Subaru's award for 'Overall Loyalty to Dealer' was attributed to strong performance in East Coast markets, where dealer loyalty reached 43.7%, significantly above the national average of 37.9% [5] - Tesla's strategy of targeted market appeal led to high retention rates among Asian (63.6%) and Hispanic (61.9%) households, surpassing national averages [6]

Market Overview - The classic car market has shown strong performance in 2025, with significant activity in live auctions, digital sales, and private transactions, indicating a solid year overall [2][3] - There is optimism that this strength will continue into 2026, with no indicators suggesting a downturn [3] Supercar Segment - The supercar segment has emerged as the biggest story of 2025, with 80% of vehicles purchased by major collectors being supercars, particularly models from the 1990s and later [4][5][6] - New manufacturers and boutique brands are contributing to the growth of this segment, with high-value cars being sold rapidly [7] Generational Trends - The baby boomer generation is simplifying their collections as they age, while younger generations (Gen X, millennials, Gen Z) are beginning to enter the market and show interest in car collecting [10][11][12] - The anticipated wealth transfer of approximately $4 trillion annually is expected to influence the classic car market, as younger generations inherit and decide the fate of these vehicles [13][14] Market Dynamics - Luxury car manufacturers are producing and selling vehicles in greater numbers than in the past, with brands like Ferrari and Lamborghini setting record sales [17][18] - The market is also seeing a rise in interest for trucks, SUVs, and vintage restorations, indicating diverse opportunities for collectors [19][20] Collector Insights - A list of 11 cars has been identified as great value options for collectors, including iconic models like the Porsche Carrera GT and more affordable options like the Mazda Miata [22][23] - The Porsche 911 continues to be a strong investment, with various generations maintaining popularity among collectors [30] Economic Indicators - The strength of the classic car market is linked to consumers feeling positive about their financial situations, which encourages purchases despite uncertainties like tariffs [34][36] - The performance of the stock market is seen as a potential tailwind for the classic car market, as strong stock performance may lead to increased spending on luxury items [37]

Financial Data and Key Metrics Changes - ECD reported Q3 2025 revenue of $5.8 million, a decrease of $1.2 million compared to Q2 2025 and a decrease of $0.6 million year-on-year [14] - Gross profit for the quarter was negative $1.7 million, down $3.1 million from Q2 2025 and $3.7 million from Q3 2024, primarily due to the completion of older builds [14][15] - Loss from operations was $5.1 million, an increase of $2.5 million from the prior quarter and $4.5 million from the prior year [16] - Net income was $2.2 million compared to a net loss of $4.3 million in the prior quarter and a net loss of $2.6 million in Q3 2024, attributed to non-cash fair value gains from debt conversion [16] Business Line Data and Key Metrics Changes - The company focused on clearing production of older vehicles, which impacted gross margin, but is now shifting to new client builds with healthier economics [6][7] - The average selling price of completed vehicles ranges between $300,000 and $400,000, with almost 700 vehicles completed to date [6] Market Data and Key Metrics Changes - ECD operates in a $90 billion-plus global classic car ecosystem, with a capital-light model and multiple growth channels including retail and licensing [5] - The company is expanding into the Porsche market with a bespoke Porsche 911 restoration, which is expected to elevate average selling prices and drive efficiencies [8][9] Company Strategy and Development Direction - ECD is diversifying its product offerings and has entered the Porsche market, which aligns with its strategy to target high-demand, high-value segments [8][9] - The collaboration with Chelsea Truck Company aims to create modern luxury builds, expanding the total addressable market and leveraging existing factory capacity [10][11] - The company is also focusing on retail strategies and partnerships with dealerships to enhance brand reach and customer engagement [11][12] Management's Comments on Operating Environment and Future Outlook - Management acknowledged ongoing pressures from tariffs and logistics inflation but is implementing measures to optimize sourcing and reshape vendor strategies [7] - The company remains confident in restoring compliance with NASDAQ and is focused on executing its growth strategy to deliver long-term value to shareholders [14][17] Other Important Information - ECD received an extension until January 26 to resolve bid price and shareholder equity deficits [14] - The company has initiated sales of common stock under an equity purchase facility agreement, providing capacity for up to $300 million in common stock sales [17] Q&A Session Summary - There were no questions during the Q&A session, and the call concluded with closing remarks from management [19][20]

Core Insights - The supercar market is thriving, with a notable demographic shift towards younger owners who actively drive their vehicles rather than keeping them as collectibles [3][4][10] - The total value of supercars showcased at a recent event in Las Vegas reached $1.1 billion, highlighting the significant financial investment in this segment [2] - The demand for supercars is driven by their unique characteristics, including extreme styling and performance, which appeal to a community that values individuality and engineering excellence [9][10] Market Trends - The supercar segment has seen consistent growth since the introduction of the Lamborghini Miura in 1966, with modern models like the Lamborghini Fenomeno priced at $3.5 million [7] - Ferrari reported record annual sales of over 13,700 vehicles in 2022, while Porsche delivered more than 50,000 units of its 911 model in 2024, indicating robust demand [8] Consumer Behavior - Younger consumers are increasingly entering the hypercar market, focusing on the driving experience rather than the financial aspects of ownership [4][10] - Owners often customize their vehicles extensively, reflecting personal tastes and preferences, which enhances the emotional connection to their cars [11][12] Community and Culture - The supercar community is characterized by a strong sense of camaraderie among owners, who often participate in rallies and events together [13] - The emotional engagement with supercars is emphasized by the preference for manual transmissions and the visceral experience of driving combustion engines [12][13] Financial Considerations - Ownership costs extend beyond the purchase price, with servicing for high-end models like Pagani and Bugatti reaching $8,000 and $25,000 respectively [13] - Insurance for supercars is challenging due to the inexperience of many young owners, which can lead to difficulties in obtaining coverage [14]

Core Insights - Tesla Inc. has filed a patent for an "inflatable aerodynamic deflector" aimed at enhancing the efficiency of the Cybertruck while potentially attracting criticism for its design [2][3]. Group 1: Patent Application - The patent application describes a device that boosts efficiency and reduces drag, constructed from drop stitch material forming air chambers [2]. - The patent could benefit various vehicles, including trailers and tow vehicles, by increasing efficiency [3]. Group 2: Cybertruck Performance and Sales - The Cybertruck recently outperformed a Porsche 911 in a quarter-mile drag race while towing another 911, showcasing its performance capabilities [9]. - Despite this performance, the Cybertruck has underwhelming sales figures, with Tesla reportedly holding a 10,000-unit inventory of unsold units in the U.S. after selling over 46,000 units in the first 14 months [10]. Group 3: Pricing Strategy - Tesla has discontinued the affordable RWD Long Range trim of the Cybertruck, which was priced at $69,990, and has increased the price of the top-tier Cyberbeast trim to $114,990 [12][13].

Core Insights - Tesla's Cybertruck showcased its performance by beating a Porsche 911 in a drag race, with CEO Elon Musk highlighting its ability to tow a 911 while achieving faster quarter-mile times [2] - The Las Vegas Police Department received 10 custom Cybertrucks as a donation, indicating some institutional interest despite overall sales challenges [3] Sales Performance - The Cybertruck has experienced poor sales in the U.S., with only over 46,000 units sold in 14 months against a production capacity of 250,000 units annually [4] - Tesla has discontinued the RWD Long Range variant of the Cybertruck due to slow demand, just five months after its introduction [4] - The company reportedly has over 10,000 unsold Cybertruck units in the U.S., despite a marketing strategy shift aimed at appealing to traditional pickup drivers [5] Market Metrics - Tesla scores well on Momentum and Growth metrics, while its Value rating is poor, indicating mixed market perceptions [6] - The company shows a favorable price trend in the short, medium, and long term, suggesting potential for future performance [6]

RT Zoomer 🧢 (@zoomyzoomm)Millionaire in Finance:- Patek on his wrist- Hot skinny blonde gf- Lives in NYC but holidays in France- iPhone 17 (orange)- Porsche 911 parked outside- Donates to charity (for the tax benefits)- Runs a twitter burner- Never fails to book Mykonos- Suit (no tie)Millionaire in Tech:- Lives in sf- Doesn't have a gf- Talks to AI at night- Makes $500k a year at FAANG- Fasts the entire day #biohacking- Has unlimited PTO (never takes it)- Pixel 10 (pre-release)- Doesn't own a car (die hard ...

Core Insights - The article discusses financial considerations for purchasing luxury cars, emphasizing the importance of budgeting and cash payments to avoid debt [1][2]. Group 1: Financial Strategies - High earners recommend buying luxury cars with cash to avoid debt and ensure that auto loan payments do not consume a significant portion of their budget [2]. - It is advised that purchasing a luxury car should not disrupt an individual's emergency fund, which is reserved for actual emergencies [3]. - Wealthy individuals should not deplete their stock portfolios significantly to finance a luxury car, as maintaining long-term investment goals is crucial [4]. Group 2: Flexibility and Value - Flexibility in choosing the type of luxury car is encouraged, with examples of individuals opting for older models to enjoy the driving experience without the high price tag [5]. - Purchasing slightly used luxury cars is a strategy employed by some high earners to obtain vehicles in good condition at a discount [6]. - A common guideline among high earners is to limit car expenses to no more than one-fifth of their salary, ensuring financial stability while enjoying luxury vehicles [6].

Core Insights - Porsche will exit Germany's DAX index on September 22 due to a prolonged share price decline, primarily influenced by U.S. tariffs on European automobiles [1][2] - The company is set to join the midcap MDAX index later this month, indicating a shift in its market position [2] - Porsche's share price has decreased by over 33% in the past year, attributed to U.S. tariffs, weak demand in China, and a slow transition to electric vehicles [3] Company Performance - Porsche has lowered its outlook multiple times recently, reflecting challenges from external factors such as tariffs and market demand [3] - The company entered the DAX index three years ago following its IPO in September 2022 [3] Future Plans - Porsche's CEO, Oliver Blume, expressed the company's intention to return to the DAX as soon as possible, citing technical reasons for the current index relegation [4]