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Mr02ard
Nürburgring


Joined: 10 Jan 2016
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Location: Ferndown- Dorset


PostPosted: Fri Jul 13, 2018 4:31 pm    Post subject: Is the 991 gt3 bubble about to burst? Reply with quote

Being keen on the 991 gt3 and keeping an eye on prices, I’ve noticed at present there are quite a few for sale...gen 1 and 2. Many for sale for quite some time. Prices have come down and also have heard of opc giving good discounts on used stock as they aren’t moving fast.

What are people’s thoughts on where they will sit? I thought they were quite rare, on autotrader currently 991 gt3 outweighs 991 turbo s ?


Cheers aaron
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Clanky
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Joined: 24 Aug 2012
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PostPosted: Fri Jul 13, 2018 7:07 pm    Post subject: Reply with quote

Personally i dont think they are all that rare.
I think that plenty of them were only bought by speculators & people are trying to shift them at artificially inflated prices. The result being what you now see, prices slowly coming down to more realistic prices as they have been on the market for a while & people are realising that they aren't selling.
Opc's dont help by driving the prices up & assuring people that they cant loose...

Hopefully they will eventually depreciate to the point where the people who will actually drive them can afford them 😉
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FZP
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Joined: 18 Jan 2015
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PostPosted: Fri Jul 13, 2018 7:20 pm    Post subject: Reply with quote

The whole GT market seems to have softened somewhat. My dream porsche car is a 997.2 GT3RS(should have bought it before the bubble nooo ) seems to be heading to the £150k mark when they were at £180k previously.
The only cars seeming to be unaffected are 997 GT3 cars. Haven't seen much movement in those.
But the RS has to compete with a 458 and that's a too hard question for me.
Sad
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Mr02ard
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PostPosted: Fri Jul 13, 2018 7:51 pm    Post subject: Gt3 Reply with quote

Yeah I think the market seems saturated for sure- I think I’d certainly be careful about buying one. Even 991.1 gt3rs are hitting the 160k mark now..wasn’t long ago they were fetching 250k.

I thinking they’re finally starting to settle to where they should be, esp given the original rrp
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m119cars
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PostPosted: Fri Jul 13, 2018 8:05 pm    Post subject: Re: Gt3 Reply with quote

Mr02ard wrote:
Yeah I think the market seems saturated for sure- I think I’d certainly be careful about buying one. Even 991.1 gt3rs are hitting the 160k mark now..wasn’t long ago they were fetching 250k.

I thinking they’re finally starting to settle to where they should be, esp given the original rrp


Really, could you point me in the direction of one of those please at £160k?
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Mr02ard
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PostPosted: Fri Jul 13, 2018 8:09 pm    Post subject: Re: Gt3 Reply with quote

m119cars wrote:
Mr02ard wrote:
Yeah I think the market seems saturated for sure- I think I’d certainly be careful about buying one. Even 991.1 gt3rs are hitting the 160k mark now..wasn’t long ago they were fetching 250k.

I thinking they’re finally starting to settle to where they should be, esp given the original rrp


Really, could you point me in the direction of one of those please at £160k?


Opc Leeds have one at £169k atm, cheapest rhd available.
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kas750
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PostPosted: Fri Jul 13, 2018 8:39 pm    Post subject: Reply with quote

Unless you have a Porsche warranty you really don't want to be buying into a 991GT3
 
  
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G2
Österreich


Joined: 26 Oct 2015
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PostPosted: Fri Jul 13, 2018 11:41 pm    Post subject: Reply with quote

Lots more cars than usual demand used to support, lots of cars on the market at very low mileage = more Cars than people who wanted to drive them and eventually will want the money out. The next phase of the game is who needs their money out the quickest.

At least there are going to be a lot of low mileage cars available, the question is when it’s at a price that people will actually buy in at. For me that’s 16 months out, ie next year plus the delay till November when I think prices are usually lower. Just my view and I may be wildly wrong, but that is when I will likely buy a GT car if they are circa 90k. Til then i’ll Enjoy what I have without issue. Others will think I’m mad with this prediction given current pricing, but current pricing is not realistic so I’ve bookmarked this thread just in case.
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Bikeracer1098
Suzuka


Joined: 28 Mar 2015
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Location: Camberley, Surrey


PostPosted: Sat Jul 14, 2018 12:15 am    Post subject: Reply with quote

kas750 wrote:
Unless you have a Porsche warranty you really don't want to be buying into a 991GT3


Why not?

Porsche have warranted the engines on these cars for 10years unless I’m mistaken.
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Bikeracer1098
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PostPosted: Sat Jul 14, 2018 12:17 am    Post subject: Re: Gt3 Reply with quote

m119cars wrote:
Mr02ard wrote:
Yeah I think the market seems saturated for sure- I think I’d certainly be careful about buying one. Even 991.1 gt3rs are hitting the 160k mark now..wasn’t long ago they were fetching 250k.

I thinking they’re finally starting to settle to where they should be, esp given the original rrp


Really, could you point me in the direction of one of those please at £160k?


A large selection available at around £170k, which possibly could be bought for £160k after negotiation.

£155k for LHD
https://www.autotrader.co.uk/classified/advert/201709209491092?make=PORSCHE&sort=sponsored&advertising-location=at_cars&onesearchad=Used&onesearchad=Nearly%20New&onesearchad=New&postcode=gu168rp&model=911&radius=1500&aggregatedTrim=991%20GT3%20RS&page=1

£168k for RHD at OPC
https://www.autotrader.co.uk/classified/advert/201806297975100?make=PORSCHE&radius=1500&onesearchad=Used&onesearchad=Nearly%20New&onesearchad=New&advertising-location=at_cars&postcode=gu168rp&model=911&sort=sponsored&aggregatedTrim=991%20GT3%20RS&page=1

£178k for RHD at OPC
https://www.autotrader.co.uk/classified/advert/201805026135312?make=PORSCHE&radius=1500&onesearchad=Used&onesearchad=Nearly%20New&onesearchad=New&advertising-location=at_cars&postcode=gu168rp&model=911&sort=sponsored&aggregatedTrim=991%20GT3%20RS&page=1
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Last edited by Bikeracer1098 on Sat Jul 14, 2018 12:40 am; edited 3 times in total
 
  
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Bikeracer1098
Suzuka


Joined: 28 Mar 2015
Posts: 1003
Location: Camberley, Surrey


PostPosted: Sat Jul 14, 2018 12:19 am    Post subject: Reply with quote

FZP wrote:
The whole GT market seems to have softened somewhat. My dream porsche car is a 997.2 GT3RS(should have bought it before the bubble nooo ) seems to be heading to the £150k mark when they were at £180k previously.
The only cars seeming to be unaffected are 997 GT3 cars. Haven't seen much movement in those.
But the RS has to compete with a 458 and that's a too hard question for me.
Sad


Back in 2013 997.2 GT3 RS were being marketed at £75k - £85k
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Last edited by Bikeracer1098 on Sat Jul 14, 2018 12:42 am; edited 1 time in total
 
  
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Bikeracer1098
Suzuka


Joined: 28 Mar 2015
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Location: Camberley, Surrey


PostPosted: Sat Jul 14, 2018 12:30 am    Post subject: Reply with quote

Currently all OPCs have a large selection of used 991.2 GT3, which were predominantly bought back from the original owners for list price after they were allocated a 991.2 GT3 RS.

Majority of these were initially offered for sale at £190k - £195k however with the current surplus of cars they have now softened to around £165k ish, with a large number of GT3s at OPC not being advertised or displayed in fear of having a further downward pressure on prices as they struggle to find buyers.

A friend was recently offered over book price for his GT4 and £10k off a keenly priced 991.2 GT3 at an OPC.

Hopefully we may be heading back to a suppressed market place where GT3 can be had for £75k etc.

Let the good times roll.
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FZP
Magny-Cours


Joined: 18 Jan 2015
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Location: Cheshire


PostPosted: Sat Jul 14, 2018 2:13 am    Post subject: Reply with quote

Bikeracer1098 wrote:
FZP wrote:
The whole GT market seems to have softened somewhat. My dream porsche car is a 997.2 GT3RS(should have bought it before the bubble nooo ) seems to be heading to the £150k mark when they were at £180k previously.
The only cars seeming to be unaffected are 997 GT3 cars. Haven't seen much movement in those.
But the RS has to compete with a 458 and that's a too hard question for me.
Sad


Back in 2013 997.2 GT3 RS were being marketed at £75k - £85k
Sad Sad Sad
I walked from a 997.1 GT3RS at £67k with 15k miles... Sad
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Mr02ard
Nürburgring


Joined: 10 Jan 2016
Posts: 471
Location: Ferndown- Dorset


PostPosted: Sun Jul 15, 2018 8:08 am    Post subject: Reply with quote

G2 wrote:
Lots more cars than usual demand used to support, lots of cars on the market at very low mileage = more Cars than people who wanted to drive them and eventually will want the money out. The next phase of the game is who needs their money out the quickest.

At least there are going to be a lot of low mileage cars available, the question is when it’s at a price that people will actually buy in at. For me that’s 16 months out, ie next year plus the delay till November when I think prices are usually lower. Just my view and I may be wildly wrong, but that is when I will likely buy a GT car if they are circa 90k. Til then i’ll Enjoy what I have without issue. Others will think I’m mad with this prediction given current pricing, but current pricing is not realistic so I’ve bookmarked this thread just in case.


My thoughts are similar to yours- i think we will see 991.1 gt3 around the 90k ish mark, with good 997.2 gt3 cars fetching more possibly.
At that price point I think I’ll be in the market for one. Time will tell.
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Roro
Long Beach


Joined: 01 Oct 2010
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PostPosted: Sun Jul 15, 2018 9:50 am    Post subject: Reply with quote

I don’t pay much attention to the market these days as things have long since runaway out of my ‘upgrade’ budget. The only car I would upgrade to is a 7.2 RS, but I didn’t do it when they were 80/85k (as observed above), and thus missed the boat years ago. I’d consider a 991.2 manual GT3, but my preference would be for the last manual RS. I’ve never really taken to the 991 platform personally (too big and complex compared to my car), so there’s no impetus for me to change to a 991

Something that happened recently though that made me think things have changed / are changing is that I got a marketing email from an OPC maybe a month or 2 ago, saying how many fantastic GT3’s they have in stock and if I’d be interested is coming down to discuss a deal. That wouldn’t have happened not so long ago... so my thoughts are now’s not the time to buy one of these newer GT3’s unless you really must have one right now. The usual seasonal low price point for these cars is winter, so for there to be so many available at discount at peak summer season is not an indication of a sellers market
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Cheib
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Joined: 20 Feb 2016
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PostPosted: Mon Jul 16, 2018 9:16 am    Post subject: Reply with quote

Just re the comment above about the size of the 991 GT3 vs older cars. I've got a 991.2 GT3 and a 997 GTS which is I believe the same wide body width as the 997.2 GT3 RS. My garages are very narrow so am acutely aware of the width of both....the 991.2 GT3 is no wider than the wide body 997. Sure it's a bit longer but it's the width that people always seem to comment about on UK roads.

With regards to the GT3 market we're definitely in for interesting times....Porsche have made 991 variants in unprecedented numbers....I'd guess there are 800 991.1/991.2 GT3's in total in the UK. That's a lot of what are pretty specialist/niche cars to find a home for. There are an awful lot of cars on the market at the moment....most OPC's are part of large dealer groups who have a three month stock holding policy and we only really have two months until dealers will be looking to lighten the load ahead of the quiet winter months.

I reckon if you're in the market and wait until Sep when it's quarter end for OPC's you'll be able to get a really good deal on a car. As has been said above OPC's will "own" these cars are RRP if they were traded against an RS so for most cars that's circa £130k.

Wider car market is not in great shape, last winter was absolutely shocking for a lot fo the specialist dealers so I don't think anyone is going to be feeling brave about going into this winter with a lot of stock.
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FZP
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Joined: 18 Jan 2015
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PostPosted: Mon Jul 16, 2018 7:53 pm    Post subject: Reply with quote

Cheapest 991 GT3 is £95k with 73 showing on AutoTrader and and 148 showing on PH. There may be some softening to come as more 991.2 GT3 deliveries arrive and owners trade up.

http://www.autotrader.co.uk/classified/advert/201806117387430?atmobcid=soc3
Edit: PH count includes RS too
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MJA911
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Joined: 10 Dec 2013
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PostPosted: Mon Jul 16, 2018 9:49 pm    Post subject: Reply with quote

Blimey, won’t £95k for a 991.1 GT3 press down on 997 GT3 prices or is the market for the simpler/manual 997 smaller and somewhat separate? Wishful thinking on my part? 997 GT3s don’t seem to be moving as they were a year ago, when I was in the market buying one Rolling Eyes

On the bright side, £95k does sound great value for such an awesome machine, not much above a 991.1 GTS, wasn’t long ago there was a good £20-30k gap. Maybe the asking price on those is under pressure, no sign that I’ve seen of 997 GTS prices softening though.

Agree with previous comments, GT market is or is about to be in interesting times.
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Disco
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PostPosted: Mon Jul 16, 2018 10:24 pm    Post subject: Reply with quote

MJA911 wrote:
Blimey, won’t £95k for a 991.1 GT3 press down on 997 GT3 prices or is the market for the simpler/manual 997 smaller and somewhat separate? Wishful thinking on my part?


I wouldn't expect so to be honest, so wishful indeed. You really can't get away from quite how few 997s there are (especially Gen 2) compared to the 991. The most common of all GT3s by miles is the 991, and the second most common the 991RS (not as far behind as you'd think either). The 991s aren't rare cars in the way that the earlier models are and frankly it is a supply and demand situation. It is exacerbated by the fact that a lot of the 996s/997s have drifted into the hands of people who consider them as keepers (i.e. not those who surf from finance deal to finance deal every year or 3) and that trend will continue to dry out supply in the market as time goes on. Finally of course - they are very different markets and the people who want a 996/997 are rarely interested in the newer cars.
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MJA911
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Joined: 10 Dec 2013
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2012 Porsche 991 Carrera

PostPosted: Mon Jul 16, 2018 11:42 pm    Post subject: Reply with quote

Oh I’m not wishing for 997 prices to drop, I was just wondering if it was wishful thinking on my part that they would hold their own despite what may happen with the 991 market, so your reasoning sits fine with me. In any case I’m not a seller (unless something comes up), since picking up a 986 for running about, the GT3 is more secure as a keeper.

Back to the 991, £95k for a GT3 may not fill current owners with joy if that’s the direction the market really is going, but it’s monumental value compared to what else costs that much IMO.
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