When will used 928 values begin to climb?
10-05-2003, 04:47 PM
#1
Track Day
Thread Starter
Join Date: Apr 2003
Location: Sacramento, CA
Posts: 18
Likes: 0
Received 0 Likes
on
0 Posts
When will used 928 values begin to climb?
It seems to me that a used 928 is a terrific value. A LOT of car for the money.
I'm not looking to sell my very straight 5 speed 86.5, but I wonder if the car will ever begin appreciating from todays value??
Any crystal ball owners out there??
I'm not looking to sell my very straight 5 speed 86.5, but I wonder if the car will ever begin appreciating from todays value??
Any crystal ball owners out there??
10-05-2003, 04:51 PM
#2
Pro
when I own the last one on earth. Shh! don't tell anyone what we buy these wonderful cars for. Just let them think we are loaded.
78 silver 5 speed. I just love my antique plates.
78 silver 5 speed. I just love my antique plates.
10-05-2003, 06:12 PM
#3
Three Wheelin'
Join Date: Oct 2002
Location: Clearwater Beach, Florida
Posts: 1,579
Likes: 0
Received 0 Likes
on
0 Posts
NEVER...928's will only decrease in value...
It was never a racing icon, and Porsche strangely failed at connecting it to its heritage and reputation. In fact the infamy of decreased sales and discontinued development of Porsche's flagship model seems to have stuck far more in people's mind than breaking the speed record for production cars or anything else the 928 claims superiority in. This dark chapter of Porsche history was closed in 1995 with a big sigh of relief and a major push to develop the 911...Introduction of new old products like the Boxster...and the gamble in entering the SUV market are helping distract from the 928 failures, because on one hand the Boxster is a success, and on another hand the Cayenne sales haven't really reflected a major success yet...therefore a major market failure, even bigger than the 928 is still possible... However if the Cayenne lasts longer than the 928 in the marketplace, you'd say "at least it did better than the 928...what a fiasco that (928) was"...and if it doesn't last 18 years of production, you'd say "...boy that was such a bad idea, it didn't even outlast the 928"...The point is, either way nothing good will come out of it for the 928, because media, critics, PR gurus and trendsetters have no mercy, especially when it comes to killing something already dead
With the lack of corporate/media support to elevate the appreciation of the 928, remains the supply and demand equation that people like us have created:
You might want to consider that regardless of how rare it is becoming, demand will continue to decrease on an item that was never really popular (for the masses) to start with... Demand from this group will also decrease as we age and die off. The percentage of teenagers who find the car appealing continues to decrease. Some have never even heard of it. We're too small of a group to make-up an economy. The fact that Big 3 have not turned into Big 25 and that the Big 3 themselves are not likely to grow much further then their current size, is proof of that. Do you think Big3 can survive without giving us free technical support? That's a pretty significant service in any industry, but obviously needed to be a 928 vendor. Furthermore, with the advent of technology and tools like ebay, this market is turning into the hands of the individual enthusiast who nibbles parts off his fellow enthusiast through online auctions rather than in the hands of business planners who "might" (kinda late for that) be capable of convincing the public that the 928 is a sound investment because of easy ownership and general appeal. It worked to a degree through Big3, because I would otherwise not have considered 928 ownership, but the upper limits have been reached already, as far as interest is concerned... and what's keeping half of us still interested is the low market price on the 928, (and the FREE TECHNICAL SUPPORT we get from Big3 of course) and what might eliminate half of us is the rising cost on parts. Many of us have interest in 928 value remaining constant or decreasing. Current parts cost is high...and it will climb with rising market for the entire vehicle. I just don't see that happening because I can't imagine why the popularity of the 928 would suddenly increase.
BUT....that's just MY very honest and humble opinion. I could be wrong
It was never a racing icon, and Porsche strangely failed at connecting it to its heritage and reputation. In fact the infamy of decreased sales and discontinued development of Porsche's flagship model seems to have stuck far more in people's mind than breaking the speed record for production cars or anything else the 928 claims superiority in. This dark chapter of Porsche history was closed in 1995 with a big sigh of relief and a major push to develop the 911...Introduction of new old products like the Boxster...and the gamble in entering the SUV market are helping distract from the 928 failures, because on one hand the Boxster is a success, and on another hand the Cayenne sales haven't really reflected a major success yet...therefore a major market failure, even bigger than the 928 is still possible... However if the Cayenne lasts longer than the 928 in the marketplace, you'd say "at least it did better than the 928...what a fiasco that (928) was"...and if it doesn't last 18 years of production, you'd say "...boy that was such a bad idea, it didn't even outlast the 928"...The point is, either way nothing good will come out of it for the 928, because media, critics, PR gurus and trendsetters have no mercy, especially when it comes to killing something already dead
With the lack of corporate/media support to elevate the appreciation of the 928, remains the supply and demand equation that people like us have created:
You might want to consider that regardless of how rare it is becoming, demand will continue to decrease on an item that was never really popular (for the masses) to start with... Demand from this group will also decrease as we age and die off. The percentage of teenagers who find the car appealing continues to decrease. Some have never even heard of it. We're too small of a group to make-up an economy. The fact that Big 3 have not turned into Big 25 and that the Big 3 themselves are not likely to grow much further then their current size, is proof of that. Do you think Big3 can survive without giving us free technical support? That's a pretty significant service in any industry, but obviously needed to be a 928 vendor. Furthermore, with the advent of technology and tools like ebay, this market is turning into the hands of the individual enthusiast who nibbles parts off his fellow enthusiast through online auctions rather than in the hands of business planners who "might" (kinda late for that) be capable of convincing the public that the 928 is a sound investment because of easy ownership and general appeal. It worked to a degree through Big3, because I would otherwise not have considered 928 ownership, but the upper limits have been reached already, as far as interest is concerned... and what's keeping half of us still interested is the low market price on the 928, (and the FREE TECHNICAL SUPPORT we get from Big3 of course) and what might eliminate half of us is the rising cost on parts. Many of us have interest in 928 value remaining constant or decreasing. Current parts cost is high...and it will climb with rising market for the entire vehicle. I just don't see that happening because I can't imagine why the popularity of the 928 would suddenly increase.
BUT....that's just MY very honest and humble opinion. I could be wrong
10-05-2003, 06:34 PM
#4
1. When Hell freezes over.
2. When there are snowball fights in Hell.
3. When I hit the Lotto. -see #1 and #2-
4. When I see Midland, Texas in my rearview mirror for the last time.
- see #1, #2, and #3.
Still, the price doesn't reflect the value I place on my 928.
Nor, does the price reflect or diminish the amount of pleasure I get from just looking at Pattycakes. One caeveat to the later: Except when I have an electrical issue.
2. When there are snowball fights in Hell.
3. When I hit the Lotto. -see #1 and #2-
4. When I see Midland, Texas in my rearview mirror for the last time.
- see #1, #2, and #3.
Still, the price doesn't reflect the value I place on my 928.
Nor, does the price reflect or diminish the amount of pleasure I get from just looking at Pattycakes. One caeveat to the later: Except when I have an electrical issue.
10-05-2003, 09:23 PM
#6
Nordschleife Master
Don't be so pessimistic. In five to ten years the prices will bottom and start to go with inflation, then appreciate as 80% of the original production has been scrapped or is trashed. Then nice examples will start to appreciate. Reminds me of the '60s and early '70s Buicks and Oldsmobiles I fancy as well. Ten years ago they were $500 cars but now they're $5000 cars. Maybe I overstate, but the appreciation is real.
10-05-2003, 09:31 PM
#7
Addict
Rennlist Member
Rennlist Member
Join Date: May 2003
Location: Philadelphia, PA
Posts: 145
Likes: 0
Received 0 Likes
on
0 Posts
I agree with Glen. In a few years, these will be seen as "vintage" cars and I believe there may be an increased interest.
Also, when the economy turns around, the used car market will improve - it's down in all cars right now.
But most of all, I agree with John S. - the car is worth much more to me than the selling prices, so I really don't care what the market is!
Also, when the economy turns around, the used car market will improve - it's down in all cars right now.
But most of all, I agree with John S. - the car is worth much more to me than the selling prices, so I really don't care what the market is!
Trending Topics
10-05-2003, 11:58 PM
#9
Drifting
and on another hand the Cayenne sales haven't really reflected a major success yet
Wiedeking also said Porsche will increase production of the Cayenne SUV by an undisclosed amount next year in the face of higher-than-expected demand. The company has capacity to build 25,000 Cayennes a year at its plant in Leipzig, Germany, but sold 20,603 in its first eight months on the market.
I bet in three years they will have build more Cayennes than 18 years worth of 928s.
10-06-2003, 03:33 AM
#10
John K.
But think of all the available low mileage V10, twin turbo'd engines for likes of us 928 scum... Arr Matey, I'll be pirate'n one of those engines for my scow. Now about the Cayenne drivetrain... 
But think of all the available low mileage V10, twin turbo'd engines for likes of us 928 scum... Arr Matey, I'll be pirate'n one of those engines for my scow. Now about the Cayenne drivetrain...
10-06-2003, 12:43 PM
#12
Nordschleife Master
Join Date: Jul 2003
Posts: 9,613
Likes: 0
Received 0 Likes
on
0 Posts
You only live once that we know of so you might as well drive your 928 while your here. Who are you saving those miles for your children? Besides you still have yearly maintainace whether you drive it or not.
Saving your miles is saying "I plan to sell this someday". Hell you could die walking across the street, life is series of risks. You might as well be happy driving a daily shark.
I drive mine daily and can't wait until I have the cash to buy a black 1986.5 5 speed so I can have 2 daily drivers.
Saving your miles is saying "I plan to sell this someday". Hell you could die walking across the street, life is series of risks. You might as well be happy driving a daily shark.
I drive mine daily and can't wait until I have the cash to buy a black 1986.5 5 speed so I can have 2 daily drivers.
Last edited by Red UFO; 10-06-2003 at 03:09 PM.
10-06-2003, 02:57 PM
#13
Drifting
Join Date: Jul 2002
Location: Los Angeles, CA
Posts: 3,348
Likes: 0
Received 0 Likes
on
0 Posts
Any car that is *rare* will be worth something.
So in 20 years, perhaps there will be few left on the road.
Then the ones that are left, will be worth something,
just like American muscle cars are worth something now...
But not until a lot more 928s die, expire, crash, etc...
So in 20 years, perhaps there will be few left on the road.
Then the ones that are left, will be worth something,
just like American muscle cars are worth something now...
But not until a lot more 928s die, expire, crash, etc...
10-06-2003, 03:46 PM
#14
Rennlist Member
Join Date: Dec 2002
Posts: 1,051
Likes: 0
Received 0 Likes
on
0 Posts
Originally posted by bcdavis
Any car that is *rare* will be worth something.
Any car that is *rare* will be worth something.
10-06-2003, 04:20 PM
#15
928 Barrister
Rennlist Member
Rennlist Member
surprise value increase
I once owned a '61S coupe; I wish I had it to drive today but it would cost too much now to buy, if I could find a good example.
I once owned a '57 Speedster that had never had even a door ding or rack chip on the entire car. I sold it with blueprinted and hot rodded engine for around $3000 to buy a new 911. I wish I had it to drive today, but it would cost too much to buy, if I could find as good an example.
People are taking what appear to be trash and once resembled 356 Porsches and turning them into concours cars for outrageous cost and effort. A total rust bucket ends up as good or better than new, with new sheet metal and correct assembly methods. I know a metal finisher in an obscure town in Southern California who works on these cars. He makes parts from scratch. Someone is financing this effort. And his work is first class, unbelieveable quality.
Some of these 928s will disappear from the sight of the world and sooner or later end up in a climate controlled garage in cherry condition never to be moved again save for a roll off of a trailer and then back on again at a concours d'elegance. Count on it. And some will be restored at great price to be used as drivers simply because of the awe with which their owners view them as pieces of automotive history. They will be kept as drivers at all costs. Count on that. Not in great numbers, but in sufficiently large numbers to keep the mystique alive.
I have a friend who makes an enviable income selling/supplying obscure and obsolete parts for Renaults to afficianados all over the world. He personally owns 5 or more of them because he thinks they have such great design strengths. And he is not French. The model he prefers is the equivalent of the VW Bettle. Rear engined, curvy, really "French". I can't believe the following this car seems to generate among the "faithful" who will stop at nothing to keep their cars on the road. And my friend laughs all the way to the bank.
That is .......unless the sun fails to shine some morning.
I once owned a '57 Speedster that had never had even a door ding or rack chip on the entire car. I sold it with blueprinted and hot rodded engine for around $3000 to buy a new 911. I wish I had it to drive today, but it would cost too much to buy, if I could find as good an example.
People are taking what appear to be trash and once resembled 356 Porsches and turning them into concours cars for outrageous cost and effort. A total rust bucket ends up as good or better than new, with new sheet metal and correct assembly methods. I know a metal finisher in an obscure town in Southern California who works on these cars. He makes parts from scratch. Someone is financing this effort. And his work is first class, unbelieveable quality.
Some of these 928s will disappear from the sight of the world and sooner or later end up in a climate controlled garage in cherry condition never to be moved again save for a roll off of a trailer and then back on again at a concours d'elegance. Count on it. And some will be restored at great price to be used as drivers simply because of the awe with which their owners view them as pieces of automotive history. They will be kept as drivers at all costs. Count on that. Not in great numbers, but in sufficiently large numbers to keep the mystique alive.
I have a friend who makes an enviable income selling/supplying obscure and obsolete parts for Renaults to afficianados all over the world. He personally owns 5 or more of them because he thinks they have such great design strengths. And he is not French. The model he prefers is the equivalent of the VW Bettle. Rear engined, curvy, really "French". I can't believe the following this car seems to generate among the "faithful" who will stop at nothing to keep their cars on the road. And my friend laughs all the way to the bank.
That is .......unless the sun fails to shine some morning.