m3driver

I wonder if I can get $80k for my dodge Omni glh turbo? After all there is maybe a handful of pristine low mileage examples? Who cares if it's an Omni? They built tens of thousands more 996's yet you have a few on here that think those are gold

Dpazos

You can sell anything at any price as long as someone is willing to pay it.
Looking on Ebay completed items there is an auction for a Shelby with 24K miles that couldn't get $20K so $80K maybe a stretch of course unless you find that buyer that has been feverishly looking for a GLH turbo with $80K burning a hole in his pocket.
http://www.ebay.com/sch/Cars-Trucks/...turbo&_vxp=mtr

BDZ

They built thousands of 993's yet people are willing to pay astronomical prices for them. It has nothing to do with number of units built. It's supply and demand. What was stated is market value. No one said anything about $80k or anything out of the ordinary.

Gulliver

I can guarantee you I'd never take 12-15k for my clean, high mileage '99. I agree that the bottom of the curve has already passed.

Astro

Yeah, this sure makes a lot of sense... not !

dkraige

Not sure how much faith to put in Hagerty's numbers, but their data shows that we might be still at the bottom. Prices for outstanding-quality cars have been on the rise for the last 1.5 years, while "good" and "fair" cars look to have bottomed out about 1 year ago and been flat ever since.

I started watching prices pretty closely around September of 2015 before buying my car, and I haven't seen an appreciable change since then. Crappy cars continue to lose value, awesome cars continue to have high asking prices; the average car that's actually changing hands is probably changing hands for around the same price.

I have noticed a slight upward trend in asking prices in Panorama classifieds, but those folks might be pretty optimistic.

Slakker

+1 you'll be much better off with a Wavetrac for street use or an OS Gikken for a track car.

I agree. If my '99 gets totaled I love the idea of being able to go out and buy another one for mid to high teens. If they have appreciated to 30k by then I'm probably moving on to something different.

m3driver

I see no value in a 996 except the fact I like them. Thankfully most people including the Porsche market see no value in the 996 either. And my comment makes sense to 100% of people that understand it

m3driver

I'm not sure if you even read your own comment??

m3driver

Another person who gets it!! If mine takes a dump, I'll go buy another one. In fact I'm already looking for another one

dkraige

What about insurance? Obviously you probably won't get full replacement value from your insurer, but to some extent insurance should protect you from rising costs should you have to replace your car. I think I'd rather have a big resale value when I sell the car rather than a low replacement cost if I crash the car. Power of positive thinking!

m3driver

This only if I cared about resale value, which I do not. I have never purchased anything based on what I could sell it for after I was done with it

BDZ

At what point did I state these cars were worth 80k or anywhere close to it? I mentioned going rate for a pristine, low mileage C4S demanding mid 30's - 40k.

vandersmith

Park Place is usually a good benchmark here in the PNW

2001 996 - 68k miles - Aero Kit - $28k

ZuffenZeus

BDZ, I think M3 was just pointing out that these two sentences contradict each other.