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Why does Hagerty value 930 coupes so much more than cabs?

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Old 02-21-2017, 08:14 PM
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IrishAndy
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Default Why does Hagerty value 930 coupes so much more than cabs?

For a given year for a given condition Hagerty seems to value the 930 coupes significantly more than the cabs.

Normally it's the opposite in the classic car world, with cabs demanding a premium (at least by the time they reach classic status).

Is this differential generally reflected in 930 market pricing?

The piece that surprises me the most is Hagerty valuing an average '88 (4 speed) 930 coupe higher than an '89 (5 speed) cab. Can that really be accurate?

I'd love to hear opinions from those who have watched the market for a while or who have a firm opinion either way...
Old 02-21-2017, 10:01 PM
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pu911rsr
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I will start out by saying I know nothing about 930 cab values but in general Porsche 911 coupes are the most valuable followed by targa's and then cabs- been this way for as long as I can remember. Only exception are the soft window targa's they are generally as valuable as the coupes.

Phil
Old 02-22-2017, 12:11 AM
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IrishAndy
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I agree that with Porsche 911s (vs. the 356, or most other German or Italian classics) coupes are typically valued more than cabs. Eyeballing some used 964s it's about a 15-20% premium for the coupes.

The differential though seems to be enormous for the 930s though. On Hagerty for the '88s it's a ~28% premium for the coupe. For '89s its an incredible 48%.

If that differential is roughly accurate the best reason I can think of on my own for the slant nose is that - since the slant nose was effectively a 935 tribute - that this tribute is considered more convincing in a coupe format? I personally think the slants are incredible in any configuration so while I could understand it I don't agree with it.

For regular 930s, however, I can't think of any good reason why those differentials are so high.
Old 02-22-2017, 06:37 PM
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It's hard to say overall why a lot of companies, broker's etc.. value things the way they do sometimes. Also keep in mind it may be just be small team of people that does the pricing so its quite biased no matter how you look at it. Coupes have always gone for more than cab's in general unless they had a rare run of cab's or only had certain options on cabs that didn't come on coupe's. Plus the coupe's always look so much better and that in general probably can account for most of the valuation to the average buyer. My personal DD currently has about a 10k difference in value from coupe to vert and that's a way cheaper car.
Old 02-24-2017, 10:49 AM
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As a side note....a 930 Targa is more collectable than either a coupe or a cabriolet which is is entirely the opposite of it's air cooled brethren.
Old 02-24-2017, 11:44 AM
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Not just Haggerty 930s, pretty much all Porsche models through the 997 the coupe is always valued over a cab. I think it has to do with the racing heritage of Porsche, clearly coupe territory. To the typical Porsche demographic, a manual coupe says racing while the cab/tip implies a softer less masculine appeal, jmo.
Old 02-26-2017, 11:01 AM
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IrishAndy
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I'm in complete agreement with you in the "coupe = racing" philosophy that drives Porsche coupe/cab differentials to be inverted vs. most marques, however that differential appears to be much higher with the slant than most 80s and 90s Porsche models.

The only rationale for that - as much as I can think of one - is that the coupe = racing is even more of a pronounced price driver in something modeled after the 935 race car, given its history.

Still, I find it surprising that a '89 slant cab is 'only' worth about the same as a '87 or '88 slant coupe right now, even with this. Much fewer cabs + last of the breed + only year of 5 speed. The world of Porsche collector cars is certainly an interesting one. Who knows what will happen over time...
Old 02-26-2017, 11:55 AM
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Originally Posted by MUSSBERGER
As a side note....a 930 Targa is more collectable than either a coupe or a cabriolet which is is entirely the opposite of it's air cooled brethren.
Which is a great point, and with the slant at least seems to be largely driven by rarity as much as I can tell... Is there anything else that causes it to buck the general trend?
Old 02-26-2017, 04:07 PM
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Originally Posted by MUSSBERGER
As a side note....a 930 Targa is more collectable than either a coupe or a cabriolet which is is entirely the opposite of it's air cooled brethren.
Originally Posted by IrishAndy
Which is a great point, and with the slant at least seems to be largely driven by rarity as much as I can tell... Is there anything else that causes it to buck the general trend?
As the numbers go, although not including the 76,77,78 930.. There were fewer 930 Targas produced than coupes or cabs which technically ups their value due to their scarcity.
Old 02-26-2017, 05:01 PM
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My old slant is the one car I wish I still had......
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Old 02-26-2017, 06:40 PM
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Chris,so do we. You wouldn't be bringing it up all the time.
Old 02-26-2017, 06:50 PM
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Originally Posted by onboost
As the numbers go, although not including the 76,77,78 930.. There were fewer 930 Targas produced than coupes or cabs which technically ups their value due to their scarcity.
I am not a fan of the G body targa but I do think a 930 targa is a nice looking car. Seems to flow better with the associated curves.
Old 02-26-2017, 07:39 PM
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Originally Posted by MUSSBERGER
Chris,so do we. You wouldn't be bringing it up all the time.
Guilty
Old 02-26-2017, 11:05 PM
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Originally Posted by onboost
As the numbers go, although not including the 76,77,78 930.. There were fewer 930 Targas produced than coupes or cabs which technically ups their value due to their scarcity.
Same with the true 505s (I.e. 87-89 - less than 5% targas). In the same way I assumed the 89 cabs might have scarcity value vs. say 88 coupes, of which there were twice as many (or 4x as many if you want to take 4 speed coupe against the 5 speed cab game) but the market values just don't factor in scarcity that way with the 89 cabs.
Old 03-02-2017, 04:06 AM
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Originally Posted by onboost
As the numbers go, although not including the 76,77,78 930.. There were fewer 930 Targas produced than coupes or cabs which technically ups their value due to their scarcity.
Yea I would have to agree production numbers and how rare they are is going to have a pretty big impact on value.


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