Home Blog

How to choose the best car insurance

0
How to choose the best car insuranceSeen here is an Arctic-Silver Porsche, its left-front all smashed up by an oblivious driver making a left turn into the Porsche while texting. Credit: StuttgartDNA

How to choose the best car insurance is the question.  You must confront that crucial query head on in pursuit of your own best interest.

If you don’t, you could find yourself in deep doo-doo in the event of a declared unrecoverable theft or declared collision total loss of your exotic car, classic car, collector car or expensive sports car.

How to Choose the Best Car Insurance?  Agreed Value, Actual Cash Value or Stated Amount?

Like all car guys and car gals out there, I can relate to the blinding passion that sometimes consumes us all when we at long last snag that elusive car of our dreams.

Among other things, that dream-car obsession can also blind us to good ol’ common sense about taking the right actions to protect that vehicle.  More important, it tends to stupefy us and our ability to think rationally about fully protecting our financial interests.

Thus that dream-car obsession blunts our thought processes like going on a bender so that, more often than not, we fail to ask ourselves that critical question:  How to choose the best car insurance?

In short, we all need to properly and fully bullet-proof our financial interest when it comes to our precious collector automobiles in the catastrophic event of a total loss.


StuttgartDNA Sidebar:

Total Loss can and should be defined as the following language illustrates:

The subject vehicle of a claim is declared a total loss when the appraised damage is declared to be rendered “irreparable,” (at least) or when the repair expenditures exceed a pre-determined percentage (i.e., the standard industry average of about 80 percent, give or take) of the insured value of the vehicle (at most).

Click here to go to the essential discussion of “Total Loss” below


 

So, how to choose the best car insurance?

Here’s a clickable outline to assist you in navigating the covered topics that follow below to help you choose the best car insurance:

How to choose the best car insurance - Porsche supercars: Carrera GT, 2003, right side. Credit: Porsche AG

How to Choose the Best Car Insurance:  Introduction to Exotic Car, Classic Car, Collector Car and Sports Car Insurance

I know, I know.  Talking about insurance is excruciatingly dull stuff – even less thrilling than watching proverbial paint dry, for sure.  Definitely not my favorite subject matter either.  It’s the only way to figure out how to choose the best car insurance.

But I want to help you get the most bang for your buck in terms of financially protecting your Porsche or any other car you desire.  So, yes, talking insurance is a must.

Together let’s glean how to choose the best car insurance — i.e., how you can obtain the proper insurance coverage — for your cherished exotic car, classic car, collector car or sports car or even your high-end daily driver, whether it’s a Porsche or any other premium marque of your choice.

I’ll do my best in plain, easily digestible English to explain both the major and finer points of how to choose the best car insurance.  And I’ll do my best to simplify the subject matter — hopefully without becoming simplistic in my discourse.

First we’ll start with the generalities if that’s all you want to take away from this article on the insipid subject of automobile car insurance.  But then, if you need more detail, we’ll drill down further to some of the minutiae of classic car insurance so that you can figure out how to choose the best car insurance.

The Trilogy of Car Insurance

As you’ve probably gathered by now from the start of this article, the three types of varying protective-coverage flavors are “Agreed Value,” “Actual Cash Value” and “Stated Amount.”

But I’ll cut directly to the chase:  In most if not all cases of figuring out how to choose the best car insurance, you want to make every effort to acquire an insurance policy that covers your precious vehicular asset with the “Agreed Value” form of coverage.

Why?

We’ll get to that momentarily.  But first let’s explore why you should avoid the other forms of coverage and thus opt instead for “Agreed Value.”  Here’s why:

“Actual Cash Value”

Probably the most common form of car insurance is Actual Cash Value.  This is the type of policy that most of us carry on all of our daily drivers.  All of the major insurance companies provide this type.  They insure the thousands upon thousands of new cars that most of us buy each and every year.

In short, your vehicle is valued by your insurance company at the time of loss.  This valuation is a depreciated amount predicated on the make, model, age, condition and options of your automobile.  It is calculated by commencing with what your vehicle had cost you bought new, then deducting percentages against each year of your vehicle’s age.  In addition, further deductions are assessed for anticipated “wear and tear.”

So, in an Actual Cash Value policy it’s not stipulated in advance what amount the insured (that’s you) will receive.  In contrast, an Agreed Value policy by definition indeed specifies this amount at the time you purchase your policy.

In other words, the Actual Cash Value is what your vehicle is worth in a cash amount just moments before you suffer your heartbreaking collision or theft.

After your accident, your insurance company will send one of its adjustors out to the storage yard or facility or wherever your car is in the meanwhile sequestered.  The claims adjustor will evaluate the damage, employ the valuation research sources of choice, and thus determine the final claims settlement offer to present to you.

Chances are, it won’t come anywhere close to what you had hoped for.  If the gulf is extremely too wide for your liking, then you may be forced to engage the services of a lawyer or mediator to reduce that vast difference to a resolution.

However, you may be barred from hiring an attorney.  Your Actual Cash Value policy may stipulate that you must resort to arbitration as your only recourse to rectifying your unfortunate plight.

Another risk you incur is that your insurance settlement may end up being less in value that the balance amount of your still-outstanding loan – yet another major gap in your coverage.

In any case, getting into an accident with an Actual Cash Value policy is no fun.  Instead, it’s just one big headache after another – especially if your sweet motorcar is a classic or collectible car or an exotic automobile or a sports car.  It’s definitely not how to choose the best car insurance.

“Stated Value” or “Stated Amount”

A Stated Value or Stated Amount insurance policy specifies the insuring of your vehicle for less than its true value or worth.  In exchange for this hefty concession – oh, goodie! – you get to insure your car at a not-at-all-proportional, slightly lower premium.

Bottom line, Stated Value or Stated Amount policies determine how much premium you, the insured, pays – NOT how much you get paid in the event of a vehicular loss.

In essence, then, the Stated Value concept provides your insurance company with the loophole which allows them to take the fallback position of settling with you for – wait for it – pennies on the dollar as follows:

The insurance company will pay the lesser of:

  1. The Stated Amount or
  2. The cost to repair the covered vehicle at an amount not to exceed the “Stated Amount” [oh boy, here it comes. . .] or
  3. The ever-depreciating “Actual Cash Value” of your automobile

Ta-da!

So, a Stated Value or Stated Amount policy is little more than an Actual Cash Value policy that sets an upward ceiling limit on how much your insurance company will pay out on your claim.

Worst of all is the fact that this type of policy gives the insurance company the wherewithal to depreciate your vehicle’s value and deduct the amount further south of that value.  In short, your settlement is limited most likely to your car’s Cash Value – which will probably be lower than your policy’s Stated Value.  Again, this also is not how to choose the best car insurance.  

“Agreed Value” or “Agreed Amount”

So as initially alluded to above right off the bat, here’s why you should – no, why you must – land an Agreed Value (aka Agreed Amount) policy for your exotic car, classic car, collector car or sports car:

Agreed Value is the only insurance coverage that guarantees – in writing – that you’ll receive the mutually agreeable specified amount stipulated in your insurance agreement in the event that your automobile is totaled or stolen within the period of your policy.

For you, the critical factor of an Agreed Value or Agreed Amount policy is to settle on a value that you believe your vehicle is worth.  This amount must be a mutually-agreed-upon value that your insurance company approves and agrees to cast in stone in the language of your policy at the time of its writing and purchase.

Aaah, now this is definitely the starting point of how to choose the best car insurance.

[For more information on settling on an Agreed Value for your automobile, please see the StuttgartDNA Tip below titled “Setting the value of your vehicle.”]

Back to Main Outline

Back to Top

How to choose the best car insurance - Porsche supercars: 550 Spyder, 1953, left front. Credit: Porsche AG

How to Choose the Best Car Insurance:  The Essentials of Agreed Value

Origins of Agreed Value

Grundy Insurance founder James A. Grundy, Sr., is credited with originating Agreed Value policy-writing way back in 1947.  Mr. Grundy began selling these newfangled policies to fellow car guys and buddies in hopes of prompting them as to how to choose the best car insurance for their collector and classic cars.

His friends needed a way to protect their collector cars and cover their restoration costs.  These collectors and gearheads also wanted to somehow indemnify the appreciating values of their classic and collector vehicles.

Since then, collector- and classic-car insurance companies have sprouted up over the years to fill the niche and provide this service to the demands of an ever-expanding market.

One of our fellow members of the Porsche Club of America, the late Harold “Holly” Leland Bromberg, was another major player in the field of Agreed Value automobile insurance.  After moving to Fresno, California, in the late 1970s, Holly pursued Agreed Value insurance, covering limited-use collectible automobiles.

Mr. Bromberg then founded and operated Leland West Insurance Brokers., Inc., which still provides Agreed Value insurance.  As a PCA member, he concentrated on writing such advantageous AV policies for his fellow PCA members.  To this day in the wake of his untimely passing, his company enjoys full endorsement from the Porsche Club of America.

The Agreed Value of Your Vehicle

This Agreed Value is the amount that you and your insurance company mutually agree upon once you decide to purchase your policy.

You would be very prudent to study the language of your prospective policy beforehand.  Check the Physical Damage portion to make sure that it reads something to the following effect:  “In the event of a total loss or theft, we, the insurer, will pay the Agreed Value of the insured vehicle….” 

Plain and simple, easy peasy.  If you don’t find very similar language in your prospective policy, find another insurance company.

And if the policy language says anything like, “Insurer will pay the Actual Cash Value or the Stated Value, whichever is less,” don’t walk — run like hell away from that deal.

So, now, I hope you’re starting to get the hang of how to choose the best car insurance.


StuttgartDNA Tip:

Setting the value of your vehicle 

Value your vehicle under your Agreed Value policy as closely as possible to its true worth as determined through your research, homework and due diligence.

Because underwriters want to insure your vehicle for its true market value and your investment in that vehicle, your accurate stated worth of the car will ensure that you recover your due value in case of catastrophic events visited upon that vehicle.

The following websites are examples of resources with tools to value your car(s), but this is by no means an exhaustive list (and the listees are not endorsed nor sanctioned by StuttgartDNA, but are instead included here for informational and illustrative purposes only):

  • Carfax (Caution: Requires your VIN or license-plate number — TMI, perhaps!)

Back to “The Essentials of Agreed Value”

Back to Top


 

The dollar value of “Agreed Amount” stipulated in your policy can be changed by endorsement.  This is a good thing for you.

You should remain proactive over each term of your policy with regard to that mutually agreed upon Agreed Value.  Before policy renewal each year, the “Agreed Amount” should be changed, if necessary, to reflect the potentially appreciated current market value of your prized automobile(s).

Drilling down further, you should adjust the Agreed Value not only annually pursuant to renewal, but also during mid-policy.  You should do this so as to align the true value periodically with the various stages of your automobile’s restoration, for example, and the actual incremental appreciated value of your vehicle over time.

This not only helps you when it comes to how to choose the best car insurance, but also keeps you in play with the best car insurance.

Back to Main Outline

Back to Top

How to choose the best car insurance - Porsche supercars: 904 Carrera GTS, 1964, right front. Credit: Porsche AG

Negotiating and Landing Your Ideal Agreed-Value Policy

Obtaining an Agreed Value policy for your mutually agreeable value is relatively easy.  But there are a few hoops through which you may be forced to jump.  Additionally, there are due-diligence steps you should also take – as Mom would say, “For your own good.”

A lot of the topics — those aforementioned hoops — listed below can be overridden, so you won’t have to comply with them as described.  But remember that it will come at a price — i.e., at an incremental increase in your premium for the override of each one (e.g., a daily driver, limited mileage, restricted use, garage storage, etc.).

To help you navigate through these topics, here are the clickable suggested steps you need to take to help you figure out how to choose the best car insurance:

How to choose the best car insurance - Porsche supercars: 959, 1985, left side. Credit: Porsche AG

Possess a good driving record

My listing this here is stating the obvious.  It goes without saying that a reckless driving record is going to definitely hamper your ability to acquire a coveted reasonably priced AV policy for your classic, collectible or sports-car machine.

If you have a bordering-on-criminal problematic driving record, I have no plausible, rational methods for you as to how to choose the best car insurance with that dark cloud hanging over you.

Back to Steps-to-Take Outline

Back to Top

Fully document any and all work on your vehicle

You should be ready, willing and able to document your vehicle, its restoration and its claimed value for which you are applying for Agreed Value insurance.  This is one of the keys to assist you in how to choose the best car insurance.

For example, if you are or have been restoring your car, be sure to document that restoration with before-and-after photographs and all receipts and documentation that apply.

You can’t have too many photos or supporting documentation to acquire insurance for your vehicular baby.

Back to Steps-to-Take Outline

Back to Top

Choose an authorized, approved insurance company

Be sure to choose an insurance company that is authorized by your state’s Insurance Department.  Also make sure that the carrier provides Agree Value insurance approved by your state’s Insurance Department.

This, of course, isn’t an insurance-company requirement.  Instead, it is a due-diligence requirement on your part to research on your own.  This is, rather, a suggestion for you to CYA, if you know what I mean.

Such “paranoia” may not be necessary when it comes to the large, well-known carriers.  But if you’re thinking about smaller, lesser-known companies, then you should follow through in taking this advice.

Back to Steps-to-Take Outline

Back to Top


StuttgartDNA Tip:

How to get started on your search for insurance companies

Check out our Porsche Resources Directory for our listed insurance companies by clicking on the following link to help you determine how to choose the best car insurance:

Porsche Insurance


 

Choose an insurance company with an A.M. Best rating of A or better

Choose only from among companies that have earned A, A+ or A++ ratings from global insurance-rating firm A.M. Best.  This requirement is yours to determine.  The insurance company doesn’t require this.  You must determine this through your due diligence in your research which is in your own best interest.

What is the significance of an A rating or better?  It means that the carrier or underwriter bearing such a rating possesses strong financial stability and strength as well as solid creditworthiness.  It also indicates a great track record of paying out past claims.  An A stands for “excellent” – or better if the A has a + or ++ after it.

Alfred M. Best founded the firm in 1899.  Ever since, the company has blossomed into the oldest and most respected ratings provider focusing on insurers and the insurance industry in over 90 countries across the world through its A.M. Best Rating Services, Inc.

If you want to be proactive and obtain an insurance carrier’s and/or underwriter’s rating on your own, click here to go to A.M. Best’s rating page.

But before you can use the service, you must undergo New Member Registration by clicking on “Sign Up” in the upper-right-hand corner any webpage on the website.  Start the registration process by entering your email address and creating a password.

Then, once you log in, you’ll be good to go to access the Ratings page.  Click here again to access the rating page once more if necessary and then enter an insurance company’s or underwriter’s name in the blue search box entitled “Search for a Best Rating.”  Then click on the green-shaded “Go” button to obtain the desired rating.

Finally, remember that a rating of A or better goes not only for the insurance carrier you’re thinking of signing up with, but also for the underwriting companies covering claims under that insurance company’s policy.  Don’t be shy about asking the prospective insurance companies whom their claims underwriters are as well as what their underwriters’ A.M. Best ratings are.

Back to Steps-to-Take Outline

Back to Top

Choose only one insurance agent, if at all possible

Using only one insurance agent isn’t a requirement for obtaining an AV insurance policy.  But it will ultimately make your life and management of any future claims so much less stressful.  The crucial point here is that you will have to deal with only one point of contact to manage all of your insurance policies and claims.

Also be sure to screen that agent to determine if he or she has an intimate knowledge of, as well as actual experience with, the world and passionate hobby of collecting classic, exotic and collector cars.

That agent should also have an established and firm relationship and rapport with the company that will be underwriting your AV policy.  Such a relationship will ensure that your agent has the authority and clout to help you settle your claim as expeditiously as possible to meet and even exceed all of your expectations.

Back to Steps-to-Take Outline

Back to Top

Declare a daily driver

Many companies require that you possess a co-insured daily driver.  The idea is that you presumably will drive that vehicle for the greater balance of time, as opposed to the vehicle to be insured at Agreed Value.

In other words, insurance companies that provide Agreed Value insurance want to know that you have another car to drive to work and for any other daily use – so that your Agreed Value vehicle will be driven for the far lesser balance of time.

Back to Steps-to-Take Outline

Back to Top

Agree to limited mileage

Most Agreed Value companies and their policies limit your collector-car’s annual mileage to a pre-determined amount.  However, if you do your due diligence, you can find a select few insurance companies that offer unlimited mileage under their AV policies, though it may (or may not) cost you a slight increase in premium.

Back to Steps-to-Take Outline

Back to Top

How to choose the best car insurance - Porsche supercars: 911 Turbo, 1973, right side. Credit: Porsche AG

Agree to restricted use

Not unlike limited mileage discussed above, many insurance companies limit your driving privileges to only pleasure driving of your AV automobile.  As alluded to above, your coverage may not apply if you have an accident on your way to work, or in the course of running errands.  Consequently, you may be restricted to using your AV automobile only for car-club events, car shows or concours d’elegance competitions, among other similar hobby-related activities and events.

Yet again, though, shop around for those companies that are a little more lenient in this area.  They’re out there, but you have to ferret them out.

Back to Steps-to-Take Outline

Back to Top

Prove you have an enclosed garage required for storage

It stands to reason that you should properly store your classic automobile or cherished sports car.  Most if not all AV insurance companies feel the same way.

So my advice to you is to take plenty of photographs of your garage and your automobile stored in that garage.  Have these photos available at your fingertips in digital JPEG format if and when any of your prospective companies request them.

Back to Steps-to-Take Outline

Back to Top

Establish matching limits

Insurance companies providing Agreed Value insurance policies prefer matching liability coverage limits – and if they don’t, you should.

Specifically, both liability amounts and uninsured-motorist / underinsured-motorist limits on your daily driver(s) should match the coverage limits on your Agreed Value sports-car or collector-car policy.

That is, bodily-injury liability limits as well as uninsured-motorist / underinsured-motorist limits should be the same amount across all vehicular policies.

So what happens if, instead, you happen to have varying coverage amounts on any or all of your other vehicles?  Then your attorney – should you be in the most unenviable position to need one – can work a deal to exhaust one policy amount and then tap into and exhaust the next policy amounts to cover the litigation monetary value for which you’re be sued.

Obviously, this potentially nightmarish scenario is a total hassle – not to mention increasingly costly because the meter keeps running on your legal fees during these mismatched shenanigans.  Setting matching limits can prevent all of this.

By the same token, it’s best to set identical uninsured-motorist / underinsured-motorist limits to the amounts of your bodily-injury limits to become fully covered and to eliminate any coverage gaps.

But bear in mind that there’s nothing wrong with your sports-car or collector-car policy holding higher limits than your daily driver, however – just as long as it is on par with or higher than the limits set on your daily-driver policy.

Medical payments limits are not as critical, so the limits may or may not have to match, depending on the policies on offer.

Back to Steps-to-Take Outline

Back to Top

Specify customized coverages that you may feel are essential

Most claims are not for total losses.  Rather, they’re for collisions that involve the repair of your automobile for damage that falls under your Agreed Value coverage.

Therefore, you should consider declaring the following, just as a few examples:

  • Covering spare parts
  • Covering trip interruption
  • Getting reimbursed for towing and labor costs and expenses
  • Getting reimbursed for any auto-show medical expenses incurred if you happen to fall ill or get injured at a car show at which you are displaying your prized automotive possession

These are some of the possible customized coverages that you could declare on your policy.  If you can think of any others, be sure to discuss them with the agent representing your prospective policy.

Back to Steps-to-Take Outline

Back to Top

Get additional extra coverages if you feel you need it

So you’re narrowing down your shortlist of the most attractive Agreed Value carriers for your AV physical damage coverage.  Now it’s time to delve deeper to compare any available extra coverages.

For example, you can include such things on your policy as audio equipment, wheels, and even luggage that was designed to match your automobile, or any other special accessories that are of exceptional value to you.

So make sure to itemize any such special items when negotiating your policy.  The additional costs applied to your premium may end up being more than worth it.

Back to Steps-to-Take Outline

Back to Top

Establish the right to select the collision shop of your choice

You may have to pay extra for it, but make sure to declare reserving the right to choose your own auto-collision center.  Or, this right may be a built-in feature of some policies.  Either way, look into it for sure.

This could be critical in taking possession of your collector car as one that comes out of the collision center like or better than new – or like an inferior shadow of its former self that will never be the same again.

If you own a Porsche, definitely make sure that you are able to choose a shop of your own selection.  Porsche maintains the Porsche Approved Collision Center Program – its own program of approving collision centers that conform to Porsche’s very high repair standards.

It’s imperative that you can choose one of these Porsche-approved shops to put your sweet baby Porsche back together again at least as good as new.  The best way to make this happen is to take your baby to a Porsche-approved collision center.

In this day and age of high-tech, cutting-edge Porsche electronic systems and various exotic metal, alloy, aluminum and composite body-panel and chassis components, you’ll at least have a fighting chance at one of these approved centers.

Click here to access the Porsche-approved collision centers in our Porsche Resources Directory.

Back to Steps-to-Take Outline

Back to Top

Establish the right to demand only OEM parts

Obtaining only OEM parts to repair your automobile is also critical.  Although, it may be easier than the immediately aforementioned choice-of-shop issue to get this feature placed in your policy as a freebie.

See, insurance companies prefer dodging exposure to such sure-to-lose litigation.  Many an insurance carrier in the past has been on the losing end of such liability battles.  What gets them into trouble is requiring installation of aftermarket parts that, by definition, are inferior in quality to OEM parts.

So obtaining OEM parts during your vehicle’s time in the shop may be a non-issue – but make sure that your policy stipulates OEM parts to be on the safe side.

Back to Steps-to-Take Outline

Back to Main Outline

Back to Top

How to choose the best car insurance - Porsche supercars: 911 GT1, 1997, right side. Credit: Porsche AG

The Finer Points of Classic-Car Insurance

There are other insurance issues besides the ones above.  These other issues are lesser known and more detailed in their definition and scope.  So I’ll do my best to discuss them with you and elaborate on them as clearly as possible for you without getting into the weeds.

So when it comes to how to choose the best car insurance, the finer points of classic-car insurance are as follows:

Diminution of value

In the lingo of Wikipedia’s legalese, “diminution of value” is defined as “… [The] measure of value lost due to a circumstance or set of circumstances that caused the loss.  Specifically, it measures the value of something before and after the causative act or omission creating the lost value in order to calculate compensatory damages.”

. . . Zzzzzzzz . . .

Simply put, “diminution of value” for our intents and purposes equates to the difference between your sports-car or collector automobile’s value before an accident and its value after collision repairs or after its recovery after a theft.

This represents the amount you will be compensated by your insurance company — provided that you were pro-active enough at the time of the crafting and drafting of your prospective policy to make sure that you had such a crucial provision stipulated in your policy.

Key here is diminution of value as it pertains to your vehicle’s originality.  This can be best described as the “fine-arts value” of your car in the sense that such originality cannot be replicated through any efforts or amount of repair or restoration.

Examples of cases when your automobile’s value can and will diminish include, but are not limited to, the following:

  • Vehicles that have been customized or restored by renowned, recognized masters who are now deceased (e.g., the incomparable Boyd Coddington, et. al.) and therefore can no longer bring your damaged vehicle back to its original state of being
  • Your automobile’s original paint and/or original bodywork have been irreparably destroyed
  • Parts that have matching-number IDs that are destroyed and therefore have to be replaced, which will substantially diminish the value of your prized vehicle
  • Significant mileage added to a stolen, and then recovered, highly restored or near-perfect original vehicle could radically diminish the value of that super-low-mileage vehicle

The problem with filing a diminution-of-value claim without having the coverage to begin with is that the weighty onus of proof is entirely yours to bear.  So definitely keep diminution of value in mind while you’re considering how to choose the best car insurance.

Back to Finer-Points Outline

Back to Top

Inflation and Market Appreciation

Part and parcel of your guaranteed indemnity against inflation and market appreciation is found in securing Agreed Value coverage.

You can actively participate in guarding against this contingency by increasing the Agreed Value listed on your policy.  This is done by securing an endorsement to that effect.

However, the good news is that, if you choose the right insurance company and policy, this adjustment will occur automatically without any input on your part.  Now that’s using your noggin when it comes down to how to choose the best car insurance.

Such an inflation guard will normally establish a value increase on your insured vehicle by typically 2 percent each quarter, up to maximum coverage of approximately 8 percent each year.

But this, along with most if not all of the aforementioned options, is dependent on you pro-active due diligence in pursuing the inclusion of these aspects in your policy.

Back to Finer-Points Outline

Back to Top

How to choose the best car insurance: LA Dismantler pano of 3 stacked levels of Porsche wrecks in the junkyard. Credit: Los Angeles Dismantler
Credit: Los Angeles Dismantler – +1 818-767-7243

Total Loss

This, of course, as you may recall, was discussed briefly in the StuttgartDNA Tip at the top of this article.  So let’s flesh out the concept a little more here.

“Total loss” as defined above may be declared when damage is calculated to be irreparable or whenever estimated costs to repair the vehicle exceeds a predetermined percentage of the automobile’s Agreed Value.  This percentage usually hovers around 80 percent.

Among other issues besides restoring the safety of your vehicle, the declaration of total loss can also result from such factors as the complete unavailability of original replacement parts.  Another related factor could be the prohibitive cost to fabricate such parts.

Both scenarios in turn can dramatically escalate the repair cost to exceed the car above and beyond its insured value.

There is one proactive measure you can pursue to mitigate the dire prospect of total loss:  Get your hands on a policy that provides flexibility in adjusting the Agreed Value of your automobile on a yearly basis before any such comparable loss occurs.

Ideally, you should seek out a policy that allows a mutually agreeable increase in value at any time it may be necessary.  This could become a critical factor in the event that you are, for example, in the process of restoration and your vehicle thus appreciates over the course of that restoration.

Hopefully, the insurance company that you choose will have well-qualified damage appraisers.  Such appraisers should come from a background as participants themselves in the collector-car hobby.

Thus your particular appraiser would probably have the superior ability to accurately and fairly assess the value of the damage to your automobile — and they should be well prepared to be able to determine whether or not your car should be deemed a total loss.

If you’ve chosen the right insurance company, then perhaps that company can navigate you through your possible options should you indeed suffer a total loss (e.g., obtain a salvage title as described in the StuttgartDNA Tip directly below).

Back to Finer-Points Outline

Back to Top


StuttgartDNA Tip:

Salvage Titles

As a last resort, you may be able to make the best of your total loss by way of the salvage title:

Your cherished-more-than-life-itself classic car, collector car or sports car has just been declared a total loss.  You’re heartbroken.  Utterly devastated beyond description.

What will you do now?  Is there anything you can do but resign yourself to your wretched fate?

There may be a means of consolation, a type of answer to your prayers, so to speak.  It’s called accepting a salvage title on your totaled automobile, and then buying it back.

But definitely be on your toes in this pursuit, because navigating the rocky shoals and waters of salvage titles could be a pretty tricky endeavor fraught with many perils.  And salvage titles are in fact against the law in some states.

Alternatively, you could secure the original title if your insurance company agrees to work with you to declare your vehicle as simply a partial loss.

This is accomplished by crediting the buyback price from the cost of repairs to restore your automobile as close as possible to its original condition before the declaration of loss.  But that’s a whole ‘nother kettle of fish that you should explore on your own.

In a nutshell, by going the route of the salvage title, you could retain your vehicle by buying it back to use as a parts car.  But, of course, this depends in large measure on your particular situation and on the actual damage to your now-totaled automobile.

Ultimately, though, your “insurance” (pun intended) against having your vehicle declared a total loss and thus juggling the issue of whether or not to deal with a salvage title is securing the best Agreed Insurance policy in your power.

Yet again, it comes down to how to choose the best car insurance.


 

Coverage Gaps

Coverage gaps can and will occur if you’re not on your toes.

For example, what if the at-fault buffoon who collides with your cherished sports car or classic automobile does not have the necessary coverage to pony up the cost of repairing your vehicle?

You should know by now from the discussions above that the solution to this problem is having the proper Agreed Value coverage.  Such coverage also guards against the dreaded possibility of receiving a settlement under Actual Cash Value coverage that wouldn’t cover the cost of your outstanding loan balance on your totaled automobile.

Then there is the scenario that your car could enjoy the enviable prospect of dramatically escalating in appreciation.  What would you do if you found yourself in such an enviable position in the event that you didn’t take the recommended action of increasing your coverage?

The answer is, seek out those Agreed Value insurance companies that pay out in excess of 100 percent of your stated replacement value.  Yes, such companies do exist — some even paying as much as 150 percent of that stated value.  Once again, you just have to ferret them out.

As alluded to above under “Negotiating and Landing Your Ideal Agreed-Value Policy,” some of the steps you can take to plug up any additional gaps are as follows:

  • Make sure your coverages for Bodily Injury Liability limits on your daily driver and your classic car(s) match in value as closely as possible – including Uninsured-Motorist / Underinsured-Motorist coverage limits
  • Strive to have one insurance agent to handle all of your policies and claims
  • Specify customized or additional coverages if you feel you need it

That’s how to choose the best car insurance.

Back to Finer-Points Outline

Back to Main Outline

Back to Top

How to choose the best car insurance - Porsche supercars: 918 Spyder, 2014, left front. Credit: Porsche AG

A Final Word:  Caveat

This post on how to choose the best car insurance is by no means intended to represent the be-all and end-all of classic-car insurance discourse.  You should consult insurance professionals and/or a legal professionals who can inform you of the full scope of details and repercussions involving the complicated intricacies of Agreed Value insurance.

Consequently, my foregoing discussion with you is intended solely and exclusively as a primer on Agreed Value insurance to enlighten you and guide you on the basics, thus steering you in the right direction in what your future due diligence and research should entail.

Well, I hope I have indeed enlightened you much more than confused you with the dull, dry, comatose-inducing ins and outs of classic-car insurance.  Somebody had to do it. . . !  Happy hunting for that ideal Agreed Value policy that will most optimally cover your automotive pride and joy — now that you know how to choose the best car insurance.

*            *            *

In the LEAVE A REPLY section at the bottom of this page, please post your comments now about this post to assist other guests in learning how to choose the best car insurance and in learning the ropes of Agreed Value insurance.

Let us know your impressions, your experiences in getting your own insurance coverage and perhaps any experiences — very satisfying or horrendous — in settling claims on your Agreed Value policy.

Start the conversation on your own efforts in dealing with the question of how to choose the best car insurance, or join in on the conversation, now by leaving a reply.

Back to Top

How buying a new Porsche can save you money

0
How buying a new Porsche can save you money: Seen in the pretty shot is a Miami Blue Carrera, left side, at sunset. Credit: PCNA
Credit: PCNA

How buying a new Porsche can save you money could be easier than you think.  It’s just a mandatory matter of discretionary options, options, options.

Essentially, just the act itself of buying a new Porsche can save you money — or so purports an unattributed article in Excellence magazine’s 2017-2018 Edition of its Porsche Buyer’s Guide.

Is a New Porsche Really within Your Budget?

Actual Out-of-Pocket Cost vs. Depreciation Cost

Such a claim of saving money by buying a new Porsche may seem counter-intuitive.  After all, think of the appreciable amount of depreciation incurred just as soon as any new car pulls out of the dealership’s driveway.  (See my article on buying a CPO Porsche for further details on depreciation, for example.)

Nonetheless, the article – titled “Saving Money Buying a New Porsche” — makes a compelling case.  In short, the article demonstrates how buying a new Porsche can in fact save you money.  (You can access it by clicking here to get the magazine’s Porsche Buyer’s Guide.)  It also presents a second scenario of custom-tailoring your ideal Porsche for track days.

How High the Cost of Options?

It’s no secret that Porsche’s myriad options result in myriad revenue streams.  Purchasing such options have augmented the company’s bottom line virtually ever since the fledgling design firm moved from Gmünd back to Stuttgart shortly after WWII.

In a nutshell, Excellence article’s thesis argument is that the base price of any new Porsche is relatively within reason — but the final sticker price has skyrocketed into the stratosphere.

If you don’t believe me, check your blood pressure after studying various stickers at your local dealership.  This is because of all of the tacked-on options seen on each loaded vehicle in any given dealer’s on-lot inventory.

According to Excellence, here’s the antidote:

  1. Select the model of your choosing with the base price that comfortably fits within your budget
  2. Come to a decision on the bare-minimum choice of options that you desire, and
  3. Order that personally optioned and now-within-budget Porsche of your dreams from your neighborhood authorized Porsche dealer

Porsche Germany Factory Delivery:  The Porsche European Delivery Program

Furthermore, here’s an awesome “option” unto itself:  With all the money you’ll be saving by eliminating any undesired vehicle options, the article suggests that you should take advantage of those substantial savings by taking delivery of your custom-built Porsche in Germany!

This can be done through the Porsche European Delivery Program at the factories in Germany, in either Stuttgart (i.e., Zuffenhausen, starting in 2018) or Leipzig.

Next, cast off on the dreamiest vacation of a lifetime — driving your brand-spanking-new Porsche across Europe.  Then, once back home, you can relish the delightful anticipation of taking possession of your personally-broken-in bespoke Porsche after it’s shipped back to your local dealership in the States or in Canada.

(If you live outside of these nation-states, check with your local dealership to see if the Porsche European Delivery Program is available to you, and/or find your country’s Porsche website by clicking on the “country website” link in the second paragraph below.)


Related Posts to Assist You in Your Car Search:


The Porsche Car Configurator

But first you have to set out on your quest by accessing Porsche Cars North America’s excellent Porsche Car Configurator on its website.

Any of Porsche’s other websites around the globe will have the Porsche Car Configurator; click here to access the Porsche worldwide website locator to find the Porsche website of the country of your choosing, in your region and language.

The Configurator will not only allow you to embark on your quest by configuring your exact chosen model.  It will also enable you to familiarize yourself with all of the available options you don’t want – and, more important, with all of the options that you definitely can’t live without to equip your dream Porsche.

Read the Original Article and Sub-Article for Further Study

In any case, to fully appreciate the essence of the Excellence article, it’s best to read it in its entirety by obtaining the Porsche Buyer’s Guide – in either print or digital editions – here on the magazine’s website.


StuttgartDNA Tip:

Get the right insurance

Before buying that Porsche of your choice, make sure to do your homework on getting the best insurance for it — read our article on the subject by clicking on the following link:

How to choose the best car insurance


List of Manufacturer’s Suggested Retail Prices by Model

So, to give you a head start on following the article’s sage advice, I’ve posted PCNA’s spreadsheet of all 2018 base prices for all Porsche models.

These are all of the bare-minimum prices without any options, and also excluding the current destination charge of $1,050.  Use the spreadsheet to choose your particular desired model and then to determine that chosen model’s base price for your own budgeting goals and needs.

Happy hunting in whatever Porsche-seeking scenario you’re pursuing.  Start your mission by perusing the spreadsheet below:

How buying a new Porsche can save you money: Seen here is a spreadsheet chart of Porsche's 2018 MY US MSRP Pricing. This pricing is the base price -- without any options and excluding the destination charge of $1,050. Source: PCNA
Source: PCNA

*            *            *

In the LEAVE A REPLY section at the bottom of this page, please post your comments now about this article.

Let us know your impressions, your experiences in searching for a Porsche to purchase and perhaps any experiences — very satisfying or horrendous — in finding and buying that Porsche.

Start the conversation, or join in on the conversation, now by leaving a reply.

Back to Top

March 2018 Porsche USA sales

0
March 2018 Porsche USA sales: Pictured here is a racing-yellow Porsche 911 GT3 RS at rest, its right front corner viewed from the side. Credit: Porsche AG

Porsche Cars North America, Inc., (PCNA) released its latest sales figures for March 2018 Porsche USA Sales.  The importer and distributor of all Porsche cars and SUVs in the USA reported sales units of 4,756 vehicles for the period.

“We are pleased to see such a strong customer response for the first three months of the year, especially for our Porsche 911, the 718 model line and the new-generation Panamera,” affirmed Klaus Zellmer, President and CEO of PCNA. “Overall, this is an excellent first quarter for Porsche in the United States.”

March 2018 Porsche USA sales: This is a chart that quantifies Porsche's March 2018 USA sales as outlined in the text of this accompanying article. Source: PCNA
Source: PCNA

These announced sales figures set a new all-time Porsche high for the month of March; this translates to a year-over-year increase of 6.2 percent.  Including the record months of January and February, first-quarter deliveries are up 9.7 percent from last year, to 13,954 vehicles.

Leading the way for March were the 718 Boxster and 718 Cayman, which combined to set a growth in sales of 45.1 percent, followed by the iconic Porsche 911, up 35.4 percent year-over-year from March 2017.

Also impressive were sales units of the Panamera, which increased 27.1 percent since the latest iteration of the model line went on sale at this time a year ago.

Sales in the U.S. of Porsche Approved Certified Pre-Owned (CPO) vehicles came in at 2,029 units, a surge of 28.2 percent year-over-year.

The Porsche Inno-Space quality-control program

0
Porsche Inno-Space quality-control program: An example of Porsche Inno-Space is demonstrated here with an image of a crankshaft on a large video screen. Credit: Porsche AG
Credit: Porsche AG

Porsche AG’s long-term financial prospects depend in large part on the Porsche Supervising Board’s forward-looking multi-year prospective plans and projections into the future.  Conventional fortune tellers beware:  Apparently your unforeseen competition is about to become even fiercer.

What is the Porsche Inno-Space Quality-Control Program?

One such latest example of Porsche’s future-gazing is the Inno-Space Program.  This sgDNA Finance / Corporate News post is definitely not a final analysis of the assumed-but-not-guaranteed success of the Porsche Inno-Space quality-control program.

On the contrary, at this early stage in the game as in life, we can only see the immediate here and now.  And, yet, the Porsche Inno-Space quality-control program could be a wonderful vision into the global future of Porsche AG’s universe.

Don’t you want to know what, exactly, the Porsche Inno-Space quality-control program is?  We do.

And whether or not it’s entirely “do-able”?

Let me explain at least the “what” as simply and accessibly as possible.  Inquiring StuttgartDNA minds certainly want to know.

Porsche’s Inno-Space Quality-Control Program Undergoes Testing at the Leipzig Factory

According to Porsche, here’s the skinny:

The critical goal of Porsche AG’s Inno-Space innovation, which just debuted in its testing phases at the plant in Leipzig, is to kick up Porsche’s already stellar quality-management triumphs yet another notch.

The vehicle (pardon the pun) to accomplish this lofty quality assurance / quality control (QA / QC) ambition is the concept of “the look and feel test using augmented reality (AR).”

Huh?

Obviously, some definitions are already in order.

Porsche Inno-Space quality-control program: An example of the Inno-Space tecnology; a tablet is held over a B-pillar window to detect any flaws. Credit: Porsche AG

You Look Marvelous – or Maybe Not So Much:  The Look and Feel Test

The look and feel test involves photographing an isolated production process and storing that video footage in the database documenting the entire production of the Porsche model and variant in question.

The footage is then loaded into any applicable tablet via a newly developed tablet app.  The app also stores the footage and then catalogs it.

The app can then – in theory – identify any and all flaws that inherently deviate from the predetermined perfect production execution of the task at hand.

This process, in turn, enriches the quality of QC (quality control) itself – and saves considerable time (which ultimately translates into saving more M-O-N-E-Y).

Developing Inno-Space to Optimize Porsche QA / QC

By the end of 2018, this process is scheduled to be integrated into Porsche’s production-line assembly processes.

The objective is to develop this innovative Porsche Inno-Space quality-control program starting from the aforementioned testing stages.  That development entails transitioning and dovetailing the QA / QC program into and with the actual production phases on the Porsche multi-model assembly lines for the ultimate in quality assurance / quality control.

The plan is to establish a dedicated factory Information Technology (IT) simulated environment.  In turn, this matrix-like environment, if you will, can then be connected to any Porsche plant.

The goal?  Seamlessly integrating new quality-management innovations into production that ultimately – and sustainably – deliver the optimal end-user experience.  Superlative quality assurance / quality control is highly coveted as the means to the end of creating nothing but very happy campers out of most if not all new Porsche owners.

And achieving all of this, hopefully, with the least expenditure of time, effort and investment, of course.

Admirable aspirations.

Transforming the Inno-Space Dream into “Reality”

However, this ambitious paradigm shifts the workflow limelight somewhat dubiously.  Emerging dominant among the responsible factory personnel would be the proposed resident IT (information technology) team.  The IT team would work closely with the newly overshadowed and hence newly subordinated quality-management (aka quality-assurance / quality-control) team.

This high-technology ascendancy seems to be the wave of the future, which may freak you out if you happen to be a Porsche purist.  Does me, to a degree.

Let’s not kid ourselves, though.  Surveys such as those conducted by auto-industry titan J.D. Powers and the rest of the lot have a strong influence in driving these brand-new technologies, apps and procedures.  I guess the ends do indeed justify the means in the cutthroat world of the international automobile marketplace.  But I mean it in a good way.

“In the Inno-Space, we can design and test pioneering concepts for the future without disrupting the plant’s normal processes,” envisions Albrecht Reimold, Member of the Executive Board for Production and Logistics at Porsche AG.

The Brave New World of Augmented Reality

Jump-Starting the Future:  Porsche’s Strategic Partnering with External Institutions and Start-ups

Of course, such Silicon Valley-caliber high-technology innovations can’t all be expected to well up exclusively from in-house at Stuttgart, Weissach or Leipzig.  After all, time is of the essence.  Tick-tock, tick-tock.

And when technology is traveling at the speed of, say, a record-shattering 2018 GT2 RS on the Ring’s Nordschleife (6:47.3!!!), collaboration is in order to come up with solutions, like yesterday.  Bringing in extraordinary outside talent does expedite matters.

To this end, Porsche has teamed up with selected universities and high-tech start-ups in the past.  In this case, Porsche is partnering with GTV (Gesellschaft für Technische Visualistik), a start-up out of Dresden, Germany, about 80 miles southeast of the Porsche Leipzig plant.

Namely, Porsche is working with GTV to tap into augmented reality (AR) as a technical platform for QA / QC.


SgDNA Sidebar

What exactly is augmented reality?

According to Wikipedia, augmented reality (AR) “is a direct or indirect live view of a physical, real-world environment whose elements are ‘augmented’ by computer-generated perceptual information, ideally across multiple sensory modalities, including visual, auditory, haptic, somatosensory, and olfactory.

The overlaid sensory information can be constructive (i.e. additive to the natural environment) or destructive (i.e. masking of the natural environment) and is spatial registered with the physical world such that it is perceived as an immersive aspect of the real environment.

In this way, Augmented Reality alters one’s current perception of a real-world environment, whereas virtual reality replaces the real-world environment with a simulated one.  Augmented Reality is related to two largely synonymous terms:  mixed reality and computer-mediated reality.”


 

Above I alluded to the “AR look and feel test.”  Let’s further explore the details of that concept as it relates to augmented reality.

The GTV and Fraunhofer Society Collaborative on Augmented Reality

Another ally working with Porsche and GTV on this futuristic innovation is the Fraunhofer Society, headquartered in Munich, Germany.

Teaming up with GTV to further develop AR in this instance, the Fraunhofer Society was tasked with crafting a tablet app that documents the flaws revealed during the look and feel test.  That process superimposes those exact imperfections over an image of the automobile depicting each and every incremental phase of the production process.

Porsche Inno-Space quality-control program: An example of the Inno-Space tecnology; a tablet is held over a B-pillar window to detect any flaws. Credit: Porsche AGHere’s the progression of the look and feel test process:

  • At the start, the unique CAD (computer-aided design) data assigned to the subject vehicle from the fully detailed database is read into the app
  • Then the tablet’s camera is poised over the module or subsection under study
  • That CAD image is superimposed on and over the actual pictured component
  • This “look and feel” juxtaposition almost magically visualizes any and all flaws or deviations on screen instantaneously

Real-World Applications of Augmented Reality and Look and Feel Testing

Moreover, this at-the-moment technology paves the way for collaboration across various networks, as well as across all disciplines.  Testing and verification can be streamed in real time from plant to plant, and, probably more important, to any OEM partners and vendors.

As such, the aforementioned visualized flaws can be uploaded into the factory’s central database and shared worldwide, on a need-to-know basis, of course.

“This feature means that we benefit from numerous advantages that reach well beyond merely the testing process,” says Andreas Schmidt, Head of Quality at the Porsche plant in Leipzig.

Porsche Inno-Space quality-control program: A demonstration of how Inno-Space can be uploaded into the factory’s central database and shared worldwide. Credit: Porsche AGMr. Schmidt is liaison in the implementation of the augmented-reality project between the various start-ups and universities.  He continues:  “The fact that the tablet is networked allows us to do things like quality audits with our suppliers via video conference at short notice.”

But what Porsche hasn’t revealed to us yet is whether or not this emerging technology will or will not be immune to hacking.  I don’t know about you, but to me that streaming thing seems highly vulnerable to industrial and technological espionage, not to mention international intellectual-property grand theft.

Porsche Quality Assurance and Quality Control:  There is No Substitute

Be that as it may, what’re the prospects in the 21st century for this innovative process?

“Top quality is an essential part of our brand identity at Porsche and is expected by our customers,” asserts Frank Moser, Head of Corporate Quality at Porsche.

“The quality that Porsche delivers is the result of hard work driven by scrupulous precision and the passion to create the perfect sports car during all project phases and in all areas,” continues Mr. Moser.  “When it comes to quality, we get to the very heart of every little detail – this is the approach that characterizes the Porsche brand.”

Porsche’s relentless commitment to German excellence and exquisite over engineering ever since the inception of Porsche No. 1 just may still keep the Porsche Supervising Board in business, and continuing to thrive indefinitely, as discussed at the top of this piece.

So as Porsche AG rightly points out, the last 70 years have been witness to Porsche sports-car construction as the gold standard – with close to two thirds of all Porsche automobiles produced still motoring down the road – to the delight of their happy-camper owners.

When it comes to Porsche, there is no substitute for superlative quality management, assurance and control.  Forward-looking programs like the Porsche Inno-Space quality-control program may indeed bankrupt all of those aforementioned conventional fortune tellers – along with any passive and/or not-so-aggressively innovative automobile manufacturers.

*            *            *

Let me know in the LEAVE A REPLY section below what you think about the goals and chances of success for Porsche’s Inno-Space program.

Also, how do you compare Porsche’s original 1950s goals of making sure there is no substitute for superior quality, in contrast with Porsche AG’s twenty-first century pursuit of that same incomparable quality assurance / quality control?

Porsche wins 2018 Sebring 12 Hours GTLM Class

0
Porsche wins 2018 Sebring 12 Hours GTLM Class: Seen celebrating their 1st and 3rd place wins, respectively, are Frédéric Makowiecki, Nick Tandy, Patrick Pilet, Laurens Vanthoor, Earl Bamber and Gianmaria Bruni (l-r). Credit: Porsche AG
Frédéric Makowiecki, Nick Tandy, Patrick Pilet, Laurens Vanthoor, Earl Bamber and Gianmaria Bruni (l-r). Credit: Porsche AG

After a grueling 12 hours and 328 laps, a Porsche 911 RSR wins 2018 Sebring 12 Hours GT Class.  The No. 911 Porsche 911 RSR, piloted by Patrick Pilet (France), Nick Tandy (Great Britain) and Frédéric Makowiecki (France), won the 66th running of the grueling 12-hour classic.

Contested at the notoriously bumpy and treacherous Sebring International Raceway in Florida, the 12 Hours of Sebring is the oldest and roughest sports-car endurance race in the United States.   For that reason, it is all the more sweet that this is the first victory for Porsche for the IMSA SportsCar Championship season in GTLM Class.

If that wasn’t sweet enough, the other GT Factory 911 RSR Porsche finished on the podium.  The No. 912 Porsche 911 RSR, driven by Earl Bamber (New Zealand), Laurens Vanthoor (Belgium) and Gianmaria Bruni (Italy) endured too, racing under the checkers in third place.

It’s crucial that both Factory GT 911s wound up on the podium, as both thus scored points toward the North American Endurance Cup.

Despite its bumpy, washboard-like course – consisting of original U.S. airbase runways for Boeing B-17 Flying Fortress aircraft from 1941 to 1946 – Sebring International Raceway is hallowed ground for Porsche.  In 1960, Porsche commenced its historic run as the most successful sports-car racing marque on the raceway by chalking up 18 outright victories and now 71 class wins.

Both Porsche 911 RSR race cars gradually made up positions from their sixth (Vanthoor in the No. 912) and seventh (Tandy in the No. 911) place starting positions on the grid.

Despite taking a little off-course excursion which ripped off its entire rear bumper, wing and diffuser, the No. 911 spent precious little time in the pits and continued making up lost time to get closer to the front.

And then it happened.  Patrick Pilet in his No. 911 took the lead for the first time in the 279th lap after 10 hours and 10 minutes.  After the driver change, Nick Tandy took over and then took the checkered flag for the spectacular GTLM Class win.  This places Tandy, Pilet and Makowiecki in second place in the driver’s championship.

“This win was missing from my collection.  It was a great team effort,” praised Pilet.  “The pit crew didn’t make one mistake and our strategy was perfect. To celebrate this achievement with my friends Nick and Fred is incredible.”

Having enjoyed the thrill of taking the checkers in first place before all of the BMWs, Chevrolets, Ferraris and Fords, Tandy picks up on that thought:  “They say that the best victories come from the toughest races.  Today was such a race.  We didn’t have the slightest problem over the entire distance and that was the key to our success.  My last two stints were incredibly intense, especially the duels with the Ferrari and the BMW.  We switched to new tires during the last pit stop – after that, nothing could hold us back.”

Long Beach, California, hosts the next race, Round Three of the IMSA SportsCar Championship, on April 14, 2018.

GT Race Results for the 2018 66th 12 Hours of Sebring:

GTLM Class

  1. Tandy/Pilet/Makowiecki (GB/F/F), Porsche 911 RSR, 328 laps
  2. Sims/de Phillippi/Auberlen (GB/USA/USA), BMW M8, 328
  3. Vanthoor/Bamber/Bruni (B/NZ/I), Porsche 911 RSR, 328
  4. Westbrook/Briscoe/Dixon (GB/USA/NZL), Ford GT, 328
  5. Vilander/Pier Guidi/Calado (SF/I/I), Ferrari 488, 327
  6. Gavin/Milner/Fässler (GB/USA/CH), Chevrolet Corvette, 327
  7. Krohn/Edwards/Catsburg (SF/USA/NL), BMW M8, 296
  8. Magnussen/Garcia/Rockenfeller (DK/E/D), Chevrolet Corvette, 283
  9. Hand/Müller/Bourdais (USA/D/F), Ford GT, 277

GTD Class

  1. Sellers/Snow/Lewis (USA/USA/USA), Lamborghini, 321 laps
  2. Balzan/McNeil/Jeannette (I/USA/USA), Ferrari 488, 321
  3. Keating/Bleekemolen/Stolz (USA/NL/D), Mercedes, 321
  4. Long/Nielsen/Jaminet/Renauer (USA/DK/F/D), Porsche 911 GT3 R, 321
  5. Bergmeister/Lindsey/Pappas (D/USA/A/USA), Porsche 911 GT3 R, 321

February 2018 USA Porsche sales

0
February 2018 USA Porsche sales: Seen here is the 718 Boxster S with its top down and in cutaway view, revealing the innards of the roadster. Credit: Porsche AG
Credit: Porsche AG

Porsche Cars North America, Inc. (PCNA) recently released February 2018 sales figures.  Importer and distributor of all Porsche vehicles to and throughout the United States, PCNA disclosed retail sales units of 4,382 vehicles.

This represents a healthy increase of 20.5 percent over February of last year.  Porsche announced year-to-date sales of 9,198 units.  These sales amount to an 11.6 percent upturn year-over-year.

“Our February sales were boosted by strong demand for our two-door sports cars and we showed impressive double-digit growth versus the same period last year,” affirmed Klaus Zellmer, PCNA’s President and CEO.

February 2018 USA Porsche sales: This is a chart that quantifies Porsche's February 2018 USA sales as outlined in the text of the article. Source: PCNA
Source: PCNA

The Porsche 911 demonstrated respectable demand.  The iconic Porsche flagship model enjoyed 775 purchases, an increase of 40.4 percent over the same period last year.

The relatively new 718 Boxster and Cayman models also exhibited increased sales.  Both roadster and coupe models combined to record growth of 37.4 percent over February 2017.

USA sales of Porsche Approved Certified Pre-Owned (CPO) vehicles came in at 1,714 cars and SUVs.  This adds up to growth of 20.1 percent over the same period last year.

Porsche Team Germany wins Minsk 2018 Tennis Fed Cup

0
Porsche Team Germany wins Minsk 2018 Tennis Fed Cup: Porsche Team Germany group photo at Minsk. Antonia Lottner, Anna-Lena Grönefeld, Team Coach Jens Gerlach, Tatjana Maria, Anna-Lena Friedsam (l-r) Credit: Porsche AG
Porsche Team Germany's Antonia Lottner, Anna-Lena Grönefeld, Team Coach Jens Gerlach, Tatjana Maria, Anna-Lena Friedsam (l-r). Credit: Porsche AG

Porsche Team Germany kicked off the 2018 Fed Cup tennis season by defeating Belarus in Minsk.  National team coach Jens Gerlach guided the team to triumph in the exciting, fiercely contested first round match 3-2 against Belarus, last year’s runners up and season favorites.

Porsche Team Germany wins Minsk 2018 Tennis Fed Cup: Seen here are Grönefeld in b.g. and Maria in f.g. at 2018 Minsk Fed Cup, battling it out for Porsche on the tennis court. Credit: Porsche AG
Grönefeld in b.g. (l) and Maria in f.g. (r) at 2018 Minsk Fed Cup, battling it out for Porsche on the tennis court. Credit: Porsche AG

Anna-Lena Grönefeld and Tatjana Maria won in decisive doubles in a thrilling tennis nail biter.  The match stretched out over two and a half hours in the standing-room-only Chizhovka-Arena on Sunday, February 11.  Grönefeld and Maria defeated Aryna Sabalenka and Lidziya Marozava 6-7, 7-5, 6-4.

“It’s why one plays tennis.  For one’s country, for such matches,” asserted Anna-Lena Grönefeld.  Tatjana Maria enthused, “We had a fantastic team this weekend and deserved to win.”

The season opener was as challenging as Porsche Team Germany and everyone else in the tennis world assumed it would be.  The singles matches proved the point.  The match was tied 2-2 after the singles.  Tatjana Maria came out strong at first.  But on Saturday Maria dropped her opening singles 4-6, 6-1, 6-2 against Aryna Sabalenka.

Porsche Team Germany wins Minsk 2018 Tennis Fed Cup: Porsche Team Germany's Antonia Lottner on 2018 Minsk court. Credit: Porsche AG
Porsche Team Germany’s Antonia Lottner on 2018 Minsk court. Credit: Porsche AG

Fed Cup debutant Antonia Lottner surprised everyone, gratefully.  The 21-year-old rookie impressed all in attendance by upsetting No. 1 Belarusian Aliaksandra Sasnovich 7-5, 6-4.

Nonetheless, scores were all tied up to that point.  Thus matters began to look even bleaker than ever because of the absence of Porsche Team Germany top players Angelique Kerber, Julia Görges and Carina Witthöft.

But then on Sunday, Porsche Team Germany turned the corner for the first time.  The Team snatched the lead at last.  Tatjana Maria defeated Vera Lapko 6-4, 5-7, 6-0.

Unfortunately, though, young Antonia Lottner came up short in the end, losing to Aryna Sabalenka 6-3, 5-7, 6-2.  Despite this, the win was secured.

“Playing in front of such a crowd is absolutely incredible,” Lottner emoted. “I enjoyed every minute out on court and am so happy at being given the chance to be here and making a contribution to the fantastic win.”

For the semifinals, Porsche Team Germany will face the five-time Fed Cup winners the Czech Republic on April 21 and 22 at a yet-to-be-decided venue in a virtual rematch of the 2014 final.