The Porsche Market is "over" youtube video by JayEmm.

[Luddite]

All according to JayEmm..?

 

[TurboSandGT4]

In my opinion there is some element of truth as it looks like the same is happening with the luxury watch market. But I did notice that the BOE are now denying any rate cuts (which means at least its on the table) and inflation is around 4% and falling. This is despite 2 major conflicts in progress, are we in for a boom next spring?

 

[Les Richards]

"...are we in for a boom next spring?"

Isn't there a General Election due next year?

 

[Zingari]

I'm going to write my view shortly in another thread after another purchase. But be warned it mentions rose tinted specs, the Emperor's new clothes and the effects of gravity whilst wearing MC Hammer trousers.

 

[Luddite]

Waiting patiently Zingers... (-:

It would seem that I have been a regular wearer of those rose tinted glasses and over quite a few decades, though when I bought my C4S I was pretty confident that the market was over valuing it by some degree, thus it was never ever considered as an ideal financial investment. More as an asset to provide pleasure, which it does in a variety of ways. In my case the judgement is more a time of life kinda fing.. (-:

I can well understand that value retention or even profit can be very much part of evaluating the acquisition process, in varying degrees of importance for many folk regardless of whether they are buying an old non runner to repair and run as cheaply as possible, or indeed buying brand new to run or flip... Been there done the former more than once but not the latter..(-:

The pleasure of Porsche (and others) ownership and all they have provided me with over the years is well worth whatever it cost in financial terms, No point in asking how much it cost, cos I never counted. I was ever just a happy spanner juggler... (-:

 

[Kev.K]

Good news for most of us. Prices have been silly.

Only carrera that could be an investment is air cooled, but even they have been overinflated for the last 3 years.

 

[Kev.K]

I was considering a really nice 997.2 turbo for £67k.

Seeing things like this just gives me no confidence in paying that much.

Weird times.

 

[IMI A]

I enjoy this youtube channel when its about a car I have some interest in. His valuation vids less so. I did skim watch it. Some interesting tit bits but I'd say the Porsche market still looks massively over valued. £89,995 for a 991.1 GT3 is very expensive. £140k for a 991.2 GT3 equally so. Asking prices for GT4 RS falling from £220k to £155k not all that surprising but even the thought of paying £155k for a Cayman seems madness to me especially as I've seen it in the flesh and it looks a Halfords special to my eye. 996 ands 997 GT3 still massively over valued as are 996 and 997 GT2.

Do not get me onto air cooled but I'm a bit more forgiving on these as I have a soft spot for them and its difficult to find goodones that do not have rust lurking beneath their shiny paint.

There is one cheap bargain Porsche I noticed. The linen met 944 S2 at 911 Virgin. Can not believe its not sold. Actually same with their cobalt 997.1 C2S cab. They'd be my stand out bargains and picks in the current nutty UK mkt.

 

[Kev.K]

I’ve realised my timing for a 997.2 turbo is terrible and I’m considering alternatives.

The market is correcting itself at an alarming rate. Dealers will need to start moving stock and the cost of borrowing is high.

The 997 I like is privately owned in a collection. I think dealers will be more flexible with pricing approaching Christmas.

That 991 with 24k miles selling for £37k tells us where the market is at and going.

There is a 991.2 on AT sat unsold at £50k.

 

[T8]

That 991 with 24k miles selling for £37k tells us where the market is at and going.

I'm not sure a base Carrera with some iffy suspension mods and history of rodent infected electrics, sold at auction, is an accurate barometer of the market.

 

[Kev.K]

I'm not sure a base Carrera with some iffy suspension mods and history of rodent infected electrics, sold at auction, is an accurate barometer of the market.

I think that along with the numerous 997 and 991’s on my AT watchlist that have sat unsold for over 6 months is a very “accurate barometer”.

Look at the rate 992 gt3, gt3 rs and turbo s are dropping and the number for sale. It’s scary.

Porsche like Rolex have enjoyed ridiculous pricing for the last few years. It’s over.

A 991 carrera is a nice car but nothing special or rare. You could argue a nice 997.2 is more desirable and valuable being the last analogue 911.

All porches have had a premium usually reserved for limited cars over the last few years. Many luxury goods have.

37k for a 11 year old car that cost what that did new is a realistic price imo.

There is a 991 turbo on AT for £80k that was £72k a few weeks ago. I queried that with the dealer and he said he’d take £68k.

 

[IMI A]

If you have another daily car and are not in a rush I think its a no brainer to hold off any newer supercar or newish high end 911 purchase till April 24. Many owners I see on here do not drive the 911s through the winters in any event so why punt now?

With a Labour Govt due who lets face it have a very difficult task with the economy post Tory complete chaos and mismanagement the first thing they will tax hard is the motorist and this will have an effect on residuals as will Labours spending plans which will drive interest rates even higher. Motorists always Labour's first target they can not help themselves. Combine this with simply too many supercars and high end 911s made there will be a massive slump over next few years. There are as twice many 992 GT3/RS for sale in the classifieds as there are Carrera. This is simply Porsche squeezing every last penny out of the their most profitable models and holding off on supply of base models which are always the pick of the range and least profitable being the cheapest. Don't get me going about the number of 992 turbo s for sale. If you're on a variable finance deal on one of those over the next 3 years it will depreciate at least 50% then stabilise. Great if you have patience. The panic has not set in yet. I think it will soon and it will be like a herd of cattle through crocodile infested waters

 

[carkid]

I'm not sure a base Carrera with some iffy suspension mods and history of rodent infected electrics, sold at auction, is an accurate barometer of the market.

I agree.
Collecting Cars seems to be a strong indicator to many of where the market sits - but there’s often a reason vehicles end up on Collecting Cars….sometimes poor service history, accident damage or some other reason which puts a decent specialist dealer off marketing the car

 

[T8]

37k for a 11 year old car that cost what that did new is a realistic price imo.

There is a 991 turbo on AT for £80k that was £72k a few weeks ago. I queried that with the dealer and he said he’d take £68k.

The above are both 'trade values'. If those are the prices you're prepared to pay you'll be limiting the pool of cars available to you.

The market is definitely slow and values are generally falling but a lot of this is down to the time of the year. It's a great time for serious buyers to negotiate a good deal.

 

[Topcat44]

I wonder if the independent dealers listed in the ‘Site Partners’ at the bottom of the home page are open to negotiating on price at the moment . Didn’t think the likes of 911Virgin did but that may have changed with the current climate?