Can anyone explain ADM on CPO 911s to me?

I was looking at GT3s w/Touring Package earlier, and I saw multiple examples of CPO cars with a couple of hundred miles or less with an asking price $100k or more (one was over $160k) over sticker. Can anyone explain this to me? When I could get a brand new one with the same/comparable options for $280-300k*, why would I pay $400k plus for a CPO? (*BTW: the cars at $280-300k are actually being offered for sale right now - they're not just some hypothetical build I came up with on the configurator.)

Simple explanation: there is simply too much money floating around.

Are you sure that you could get a brand new one? Just because you can configure one doesn’t mean you can get an allocation, and even if you could, the dealer would usually add ADM..The demand for GT3 Touring is typically much greater than the supply.

I mentioned in the original post that I saw these cars listed for sale at Porsche dealers and they weren't something I just made up on the configurator. I would assume that if a car is listed on the car finder at porsche .com that it's actually available for sale, but I suppose I could be wrong about that. Here's the link to the search I used.

Maybe it depends on your location? Certified Pre-Owned 2023 Porsche 911 For Sale in Philadelphia | VIN: WP0AC2A99PS270914 View this Certified Pre-Owned 2023 Porsche 911 from Porsche of the Main Line. Stock: #PS270914. main-line.porschedealer.com Certified Pre-Owned 2022 Porsche 911 For Sale in Philadelphia | VIN: WP0AC2A92NS268192 View this Certified Pre-Owned 2022 Porsche 911 from Porsche of the Main Line. Stock: #NS268192. main-line.porschedealer.com

Maybe, but these are also older ones: the ones I was looking at were all 2025s or 2026s.

Anyone who pays more for a car than the MSRP needs an MRI to check for brain damage, because something is seriously wrong in there.

There are people for which this kind of money has little meaning. They don't have a handful of GT3 RS lying around the dealership just waiting for someone to buy. It takes months, if you can even get an allocation. If you want it now, premium applies.

Dp (Dollars available to buy Porsches) >> Dr (Dollars required by Porsche for Porsches)

I really don't understand it, the next mystery are these are car that would be amazing to try a track day with, but instead they just sit in a garage only to be driven on rare occasions.

I find it almost humorous that once that ADM "enhanced" car leaves the lot the ADM disappears. On the other hand not being of that monied class I'd never know what it's like to not think twice about the cost. It's just a lifestyle beyond my comprehension.

Nobody that drives a Porsche is exactly "broke", and some people are truly rolling in it. Is it a high end car? Of course. But it's an obtainable high end car. And that's what sets them apart. And talking about garage queens, one of the member of my PCA chapter has a 991 GT2 RS with less than 1,000 miles on it. That's a damned shame, because those cars are MADE to be completely BEATEN on.

I remember taking a student out on track and not pushing super hard in my 987.2 , after the ride his response was anyone that thinks they need more power needs to ride with you first , he was learning how to track his GT4 . Just drive thing all these cars are amazing.