Interesting Interview: Jacinto Peynado (Porsche DR)

NALs

Economist by Profession
Jan 20, 2003
13,763
3,328
113
Here is a very interesting interview of Jacinto Peynado regarding how he became the official importer of Porsche in the DR, how he had no money when he started the business, the Porsche DR business became profitable in about 2 years, sales of Porsche tripled once Ferrari and Maserati were removed from the same showroom, the DR is the fourth most important market for Porsche in Latin America, etc.

This was published today Feb 18, 2024.

 
  • Like
Reactions: aarhus

MariaRubia

Well-known member
Jun 25, 2019
2,431
3,255
113
I have dated quite a few Dominican guys who live in very ordinary apartments but roll around in very expensive cars. The last one paid twice as much monthly for his car as his rent. All of his money went on sharp suits, being seen at the most expensive bars and restaurants, all so that people would think he was actually a high-roller. Which of course he wasn't, he was constantly asking me if I could give him a little loan, or would I like to go for a romantic weekend to Medellin (and pay for it) or he'd booked a romantic table at SBG but would I mind putting it on my Amex. Very good looking, but that stuff gets tiring very quickly. It's just the same in the block that I live in, all the most expensive cars belong to the cheapest apartments. And the penthouse crowd just stick to Ubers as they have nothing to prove.
 

NALs

Economist by Profession
Jan 20, 2003
13,763
3,328
113
Maybe this is a revelation, but there are people that buy nice cars and sports cars because they actually like the car. Not everyone rolling around in a Porsche cares what other people think. That’s the car they like in that color and with those features and so be it. That someone else doesn’t like that or if they think he is simply doing it for looks, that’s their problem. lol
 
  • Like
Reactions: Fulano2 and aarhus

aarhus

www.johnboyter.com
Jun 10, 2008
4,589
2,072
113
Maybe this is a revelation, but there are people that buy nice cars and sports cars because they actually like the car. Not everyone rolling around in a Porsche cares what other people think. That’s the car they like in that color and with those features and so be it. That someone else doesn’t like that or if they think he is simply doing it for looks, that’s their problem. lol
It’s nice to have a nice car
 
  • Haha
  • Like
Reactions: CristoRey and Big

windeguy

Platinum
Jul 10, 2004
42,577
6,189
113
Maybe this is a revelation, but there are people that buy nice cars and sports cars because they actually like the car. Not everyone rolling around in a Porsche cares what other people think. That’s the car they like in that color and with those features and so be it. That someone else doesn’t like that or if they think he is simply doing it for looks, that’s their problem. lol
I have always had the saying that such people have more money than brains.

I have never liked Porsches (nor BMWs) and I am sure that is just me.
(I do like Ferraris, but I have no desire to own one.)
 
  • Like
Reactions: XQT

rogerjac

Bronze
Feb 9, 2012
1,402
488
83
If it gets me from point A to point B in one piece, sheltered from the sun and heat, somewhat comfortable and I can afford. Thats all I want in a car. I like to look at fancy cars but know I don't really want to own one. And the same with women. 🤣🤣
 

aarhus

www.johnboyter.com
Jun 10, 2008
4,589
2,072
113
If it gets me from point A to point B in one piece, sheltered from the sun and heat, somewhat comfortable and I can afford. Thats all I want in a car. I like to look at fancy cars but know I don't really want to own one. And the same with women. 🤣🤣
That’s a good comparison. A stable and reliable car. Not fancy and expensive. Same for women.
 
  • Like
Reactions: Castro156

El Hijo de Manolo

It's outrageous, egregious, preposterous!
Dec 10, 2021
4,249
2,784
113
Dominican Republic
I have always had the saying that such people have more money than brains.

I have never liked Porsches (nor BMWs) and I am sure that is just me.
(I do like Ferraris, but I have no desire to own one.)
In college I had a mint condition Buick Regal limited edition. It drove like a dream.
 

Fulano2

Bronze
Jun 5, 2011
3,370
686
113
Europe
I have always had the saying that such people have more money than brains.

I have never liked Porsches (nor BMWs) and I am sure that is just me.
(I do like Ferraris, but I have no desire to own one.)
What has lack of brains to do with liking a nice car?
 

Pikobello

Active member
Nov 12, 2020
255
242
43
Santo Domingo
For DR streets a Cayenne is ok,but a 911? A friend of mine had a 911 carrera in germany where the roads are made for running those cars. I drove it with 250 km/h and it feels great, but were in this country you can drive those speed without playing roulette with your life?
Allso there is a speedlimit here,so theres no fun with a sportscar with such power. A good SUV for the potholes is my go.
 

XQT

Well-known member
Dec 7, 2022
469
425
63
Puerto Plata
Here is a very interesting interview of Jacinto Peynado regarding how he became the official importer of Porsche in the DR, how he had no money when he started the business, the Porsche DR business became profitable in about 2 years, sales of Porsche tripled once Ferrari and Maserati were removed from the same showroom, the DR is the fourth most important market for Porsche in Latin America, etc.

This was published today Feb 18, 2024.


Play money,
If one has it OK, why not?

Ultimately they are cars for posers, people who like to show off......new money.
People with a weak ego who try to impress others.
People with loud enhanced exhaust systems for cars and motorcycles, it make them feel powerful- get's attention......weak ego!

The DR has horrible roads and drivers.

If I drive a high performance car I do so in Germany with no seed limit on some highways,
Or at lest on good scenic roads.
One can also drive them on race tracks in various countries.

A sensible person drives a strong car with high ground clearance in the DR.
A Porsche Cayenne is not exactly a great off-road or rough road vehicle.
 

MariaRubia

Well-known member
Jun 25, 2019
2,431
3,255
113
Maybe this is a revelation, but there are people that buy nice cars and sports cars because they actually like the car. Not everyone rolling around in a Porsche cares what other people think. That’s the car they like in that color and with those features and so be it. That someone else doesn’t like that or if they think he is simply doing it for looks, that’s their problem. lol

Yes maybe but none of them are Dominicans. Every Dominican who has a Porsche makes 100% sure that everyone knows that they have a Porsche.
 

NALs

Economist by Profession
Jan 20, 2003
13,763
3,328
113
Yes maybe but none of them are Dominicans. Every Dominican who has a Porsche makes 100% sure that everyone knows that they have a Porsche.
It’s common to see a luxury car next to a “normal” car owned and used by the same person. In Santiago there is one that has a shiny Mercedes-Benz and another SUV, but the other one is beat up. Anyone will see him driving that and the last thing they will think is that he has money, yet it’s garanteed he has more than 99% of the people around him in most places, most of the time.
 

mykulairon

Member
Jul 14, 2012
45
2
8
If it gets me from point A to point B in one piece, sheltered from the sun and heat, somewhat comfortable and I can afford. Thats all I want in a car. I like to look at fancy cars but know I don't really want to own one. And the same with women. 🤣🤣
Seriously though, there’s no way I’m buying a Porsche or any other sports car here really. First of all, most of them are almost double MSRP and the traffic and roads are too bad. I’d hate to have to replace a $4,000 carbon fiber wheel or $10,000 bumper.
 
  • Like
Reactions: NanSanPedro

windeguy

Platinum
Jul 10, 2004
42,577
6,189
113
It’s common to see a luxury car next to a “normal” car owned and used by the same person. In Santiago there is one that has a shiny Mercedes-Benz and another SUV, but the other one is beat up. Anyone will see him driving that and the last thing they will think is that he has money, yet it’s garanteed he has more than 99% of the people around him in most places, most of the time.
Gosh darn it all, another person exposing secrets.
 

Big

Well-known member
Apr 24, 2019
5,011
4,177
113
I walk past that dealership often. It is always busy. They also have a large selection of used cars. The dealership is shined up and landscaped nicely.
The wealthy people I am familiar with (surgeon and businessmen) drive Hondas and Toyotas.
 
  • Like
Reactions: JD Jones

M4kintosh

Active member
May 23, 2023
228
146
43
Santiago De Los Caballeros
Here is a very interesting interview of Jacinto Peynado regarding how he became the official importer of Porsche in the DR, how he had no money when he started the business, the Porsche DR business became profitable in about 2 years, sales of Porsche tripled once Ferrari and Maserati were removed from the same showroom, the DR is the fourth most important market for Porsche in Latin America, etc.

This was published today Feb 18, 2024.

What the interview doesn't really mention:

We all (Dominicans) know that he's really from: a Old money dominican family the Peynados were one of the 20th Century traditional families that lived thanks to State for decades until Jacinto Sr died in 2004.

Jacinto Sr owned Delta (Toyota, Daihatsu, Volvo) dealerships until the early 2000s until the PLD took power and that, their benefits. He sold Delta to the Najri family (Escogido, Mercasid). I remember very well their famous huge family estate in downtown Santo Domingo (at the corners of Tiradentes and 27 de Febrero)

Jacinto Jr learned in the hard way to grow a business without the family name behind, but yes, Dadd Jacinto gave him the opportunity. Good for him.
 

Manuel01

Well-known member
Apr 1, 2009
899
935
93
Play money,
If one has it OK, why not?

Ultimately they are cars for posers, people who like to show off......new money.
People with a weak ego who try to impress others.
People with loud enhanced exhaust systems for cars and motorcycles, it make them feel powerful- get's attention......weak ego!

The DR has horrible roads and drivers.

If I drive a high performance car I do so in Germany with no seed limit on some highways,
Or at lest on good scenic roads.
One can also drive them on race tracks in various countries.

A sensible person drives a strong car with high ground clearance in the DR.
A Porsche Cayenne is not exactly a great off-road or rough road vehicle.
If you talk about the 911 you are totally right. If you talk about Porsche in general you are very very wrong. To drive this huge new Porsche SUV's is pure plessure. Even or in particular on DR roads.
 

NALs

Economist by Profession
Jan 20, 2003
13,763
3,328
113
What the interview doesn't really mention:

We all (Dominicans) know that he's really from: a Old money dominican family the Peynados were one of the 20th Century traditional families that lived thanks to State for decades until Jacinto Sr died in 2004.

Jacinto Sr owned Delta (Toyota, Daihatsu, Volvo) dealerships until the early 2000s until the PLD took power and that, their benefits. He sold Delta to the Najri family (Escogido, Mercasid). I remember very well their famous huge family estate in downtown Santo Domingo (at the corners of Tiradentes and 27 de Febrero)

Jacinto Jr learned in the hard way to grow a business without the family name behind, but yes, Dadd Jacinto gave him the opportunity. Good for him.
They used to sell other brands in addition to Porsche but don’t anymore, but the owner’s background has been the same all this time. What happened?

If you have multiple brands and you get rid of the other ones (not even maintaining ownership of those brands by moving them to a separate business) is because they aren’t selling as well.
 
  • Like
Reactions: MoJoInDR