997 GT3 price bubble bursting?
01-23-2017, 08:44 PM
#481
Rennlist Member
Can't wait to see what my fellow gen-x'ers push 959's and F40's to once our kids finish college.
01-23-2017, 09:21 PM
#483
Instructor
Add me into the crazy minority of millennials who loves analog cars, planes, guns, is conservative, and bought a 7 year old outdated GT3 with a sum of money that could have bought a new GTR, ACR, ZR1, Z06, or even a house in many places. I have always been an old man at heart though. Must be why I have more older friends than ones in my generation come to think of it.
I will be the first to admit that most millennials were graduating college and hitting the job market at a very unfavorable time. Mountains of student loans and no jobs. The last thing many of us could think about, let alone afford was a high end car. I forgot my passion for cars to be perfectly honest. Thankfully life is going very well now and I am (with the support of my wife) in a position to re-kindle my love. Hopefully the economy continues to improve and more people in my generation start having the means to own these amazing machines and truly fall in love with what is a true sports car.
I will be the first to admit that most millennials were graduating college and hitting the job market at a very unfavorable time. Mountains of student loans and no jobs. The last thing many of us could think about, let alone afford was a high end car. I forgot my passion for cars to be perfectly honest. Thankfully life is going very well now and I am (with the support of my wife) in a position to re-kindle my love. Hopefully the economy continues to improve and more people in my generation start having the means to own these amazing machines and truly fall in love with what is a true sports car.
01-23-2017, 11:29 PM
#486
Rennlist Member
Market values will continue to be strong for Porsche GT cars. Limited production numbers and each generation of larger and less engaging offerings more refinement and fewer rough edges will help to ensure this.
Believe me, the Porsches you regret selling over the years won't be the ones that had Bose, heated seats or AWD. Today's 911 has grown to be as large and over assisted as the 928s I drove 30 years ago and both require coolant.
The growing numbers of Porsche devotees and the strength of the Brand worldwide will ensure that the less than 5% of special Porsche models built each year in Stuttgart remain in high demand.
The math is simple, limited production + strong demand = stable values and long term appreciation.
Believe me, the Porsches you regret selling over the years won't be the ones that had Bose, heated seats or AWD. Today's 911 has grown to be as large and over assisted as the 928s I drove 30 years ago and both require coolant.
The growing numbers of Porsche devotees and the strength of the Brand worldwide will ensure that the less than 5% of special Porsche models built each year in Stuttgart remain in high demand.
The math is simple, limited production + strong demand = stable values and long term appreciation.
01-23-2017, 11:37 PM
#487
Rennlist Member
Market values will continue to be strong for Porsche GT cars. Limited production numbers and each generation of larger and less engaging offerings more refinement and fewer rough edges will help to ensure this.
Believe me, the Porsches you regret selling over the years won't be the ones that had Bose, heated seats or AWD. Today's 911 has grown to be as large and over assisted as the 928s I drove 30 years ago and both require coolant.
The growing numbers of Porsche devotees and the strength of the Brand worldwide will ensure that the less than 5% of special Porsche models built each year in Stuttgart remain in high demand.
The math is simple, limited production + strong demand = stable values and long term appreciation.
Believe me, the Porsches you regret selling over the years won't be the ones that had Bose, heated seats or AWD. Today's 911 has grown to be as large and over assisted as the 928s I drove 30 years ago and both require coolant.
The growing numbers of Porsche devotees and the strength of the Brand worldwide will ensure that the less than 5% of special Porsche models built each year in Stuttgart remain in high demand.
The math is simple, limited production + strong demand = stable values and long term appreciation.
01-24-2017, 12:52 AM
#489
Rennlist Member
Market values will continue to be strong for Porsche GT cars. Limited production numbers and each generation of larger and less engaging offerings more refinement and fewer rough edges will help to ensure this.
Believe me, the Porsches you regret selling over the years won't be the ones that had Bose, heated seats or AWD. Today's 911 has grown to be as large and over assisted as the 928s I drove 30 years ago and both require coolant.
The growing numbers of Porsche devotees and the strength of the Brand worldwide will ensure that the less than 5% of special Porsche models built each year in Stuttgart remain in high demand.
The math is simple, limited production + strong demand = stable values and long term appreciation.
Believe me, the Porsches you regret selling over the years won't be the ones that had Bose, heated seats or AWD. Today's 911 has grown to be as large and over assisted as the 928s I drove 30 years ago and both require coolant.
The growing numbers of Porsche devotees and the strength of the Brand worldwide will ensure that the less than 5% of special Porsche models built each year in Stuttgart remain in high demand.
The math is simple, limited production + strong demand = stable values and long term appreciation.
Market values will continue to be strong for Porsche GT cars. Limited production numbers and each generation of larger and less engaging offerings more refinement and fewer rough edges will help to ensure this.
Believe me, the Porsches you regret selling over the years won't be the ones that had Bose, heated seats or AWD. Today's 911 has grown to be as large and over assisted as the 928s I drove 30 years ago and both require coolant.
The growing numbers of Porsche devotees and the strength of the Brand worldwide will ensure that the less than 5% of special Porsche models built each year in Stuttgart remain in high demand.
The math is simple, limited production + strong demand = stable values and long term appreciation.
Believe me, the Porsches you regret selling over the years won't be the ones that had Bose, heated seats or AWD. Today's 911 has grown to be as large and over assisted as the 928s I drove 30 years ago and both require coolant.
The growing numbers of Porsche devotees and the strength of the Brand worldwide will ensure that the less than 5% of special Porsche models built each year in Stuttgart remain in high demand.
The math is simple, limited production + strong demand = stable values and long term appreciation.
He did! LOL!
I think the problem with the 991.2 GT3's right now is that every dealer I talk to is holding back on taking more deposits because they are unsure. I feel that official release in Geneva will unwind that anxiety, they will start to take more orders, order will fulfill in late 2017. Then it will be easier to order by early 2018, and other generations will start to correct. Price wise I think cars may go over sticker leveling off by mid 2018.
Al
01-24-2017, 05:01 AM
#490
Drifting
When you consider that people are lining up to spend USD10k (new M10 + lens) for their first Leica experience here in Asia, the 997 GT3 at USD90k seems a bargain! I have a number of young successful friends who've bought GT4's so I think there's hope yet of the millennials wanting an old school experience.
Having said all that, I'm now in year 10 of ownership of my 997 GT3 and have no intention of ever selling it. So there's one less for the supply side.
Having said all that, I'm now in year 10 of ownership of my 997 GT3 and have no intention of ever selling it. So there's one less for the supply side.
01-26-2017, 10:12 PM
#491
Simple supply and demand.
Some will want out, but there will be more who will want in.
Comparing production numbers, 997 GT cars will be much lower than the 991's when all said and done. RS's...the same. Safe to say though, manual or not, the 991's offer totally different driving experiences to the 997's. Stepping out of a 991 GT3, a 997 car feels ancient...but with more charisma and character...attributes that will stand the test of time.
I don't think there will be a dip in value at all.
Some will want out, but there will be more who will want in.
Comparing production numbers, 997 GT cars will be much lower than the 991's when all said and done. RS's...the same. Safe to say though, manual or not, the 991's offer totally different driving experiences to the 997's. Stepping out of a 991 GT3, a 997 car feels ancient...but with more charisma and character...attributes that will stand the test of time.
I don't think there will be a dip in value at all.
01-26-2017, 10:20 PM
#492
He did! LOL!
I think the problem with the 991.2 GT3's right now is that every dealer I talk to is holding back on taking more deposits because they are unsure. I feel that official release in Geneva will unwind that anxiety, they will start to take more orders, order will fulfill in late 2017. Then it will be easier to order by early 2018, and other generations will start to correct. Price wise I think cars may go over sticker leveling off by mid 2018.
Al
I think the problem with the 991.2 GT3's right now is that every dealer I talk to is holding back on taking more deposits because they are unsure. I feel that official release in Geneva will unwind that anxiety, they will start to take more orders, order will fulfill in late 2017. Then it will be easier to order by early 2018, and other generations will start to correct. Price wise I think cars may go over sticker leveling off by mid 2018.
Al
01-27-2017, 11:09 AM
#494
.......... Safe to say though, manual or not, the 991's offer totally different driving experiences to the 997's. Stepping out of a 991 GT3, a 997 car feels ancient...but with more charisma and character...attributes that will stand the test of time.
I don't think there will be a dip in value at all.
I don't think there will be a dip in value at all.