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What’s going on with the 928 market?

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Old 09-28-2022, 05:37 PM
  #121  
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Originally Posted by cobalt
Your 911 production info is a bit skewed and you have to separate the cabs, targas and coupes as they all are different markets. One thing the 928 is lacking. By the 90's production of the 911 dropped to very small numbers just like the 928. In the US they only produced 5100 +/- coupes form from 89 to 94. This included all C2 both manual and tiptronic and C4 AWD models which all appeal to different buyers. So very few made and very few remaining. Cabs were a little more and only 1033 targas for the entire US production of the 964. Interestingly production was relatively strong from 89-91 and fell like a rock by 92. Ironically Porsche fixed all the issues with the 964 by 92 but sales dropped into the low hundreds and even double digits for the regular coupes and targas. In general sales for Porsche were dismally bad from 1992 through 1994. I don't think they could have survived if they didn't introduce the boxster. The world was ready for a fresh concept and it appealed to the average buyer.

Like all these cars they were all fantastic but had some bad owners. If you are lucky enough to find a well maintained Porsche from that era they all seem to be quite reliable. Far too much internet lore floating around.

A bit skewed but overall a good snap shot of numbers. btw my 964 (90 c2) was a great car. Should have kept it. Sold it for 19k when no one wanted them and 2 years later they were selling for 50-60k
Old 09-28-2022, 05:37 PM
  #122  
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Originally Posted by linderpat
The other significant issue is long term - with EV's becoming the norm and mandated in the future, I think the 928 market will be decimated, except for the collector grade cars only. This is inevitable.
Gonna have to respectfully disagree with you on this one Ed. I think the exact opposite will happen. Mandated EVs will only be for new cars. It will take 50 years of EV only production to support replacing all used cars with EVs and even then I don't see it happening for another 50 years after that.

So by 2040 when basically no more new gas powered sports and muscle cars are available to buy, all those who still crave that experience will be spending that new car money in the used collector car market. By the second half of the century there will be a limited supply and still a large demand for all petrol powered things. Especially big V8s IMHO.
Old 09-28-2022, 07:43 PM
  #123  
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Originally Posted by GT6ixer
Gonna have to respectfully disagree with you on this one Ed. I think the exact opposite will happen. Mandated EVs will only be for new cars. It will take 50 years of EV only production to support replacing all used cars with EVs and even then I don't see it happening for another 50 years after that.

So by 2040 when basically no more new gas powered sports and muscle cars are available to buy, all those who still crave that experience will be spending that new car money in the used collector car market. By the second half of the century there will be a limited supply and still a large demand for all petrol powered things. Especially big V8s IMHO.

But thats the problem.

Working ones.

Where do you think restoration parts are coming from, Porsche Classic?
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Old 09-29-2022, 12:29 AM
  #124  
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Originally Posted by Rob Edwards
The Swiss got the A28.06/A28.09 in '85-86 auto because their lower compression twin dizzy motors were down 35 hp (275 vs 310 hp) vs the other market's M28.21/22s. They needed the shorter (2.53:1) final drive ratio vs. everyone else's A28.05 (2.35:1). But I agree, the shorter gearing helps the automatics.

How many ROW full power engined cars checked the box for the swiss gears like mine? Is it possible to know that?

So today I looked at one of a few 85 euro booklets put out by the factory and found this - the german market car must be a dog off the line and perhaps best on the autobahn, which if true would put it near 170mph??




Last edited by tv; 09-29-2022 at 12:33 AM.
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Old 09-29-2022, 01:02 AM
  #125  
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Good question- There are actually a lot of of '85-'86 ROW Automatics with the high compression M28.22 (non-Sweden, Switzerland, or Australia) and A28.06 or A28.09- 1044 in all:

775 German market
4 French market
2 Italian market
6 Austrian market
2 Denmark
1 Finland
18 Hong Kong (RHD)
124 UK market (RHD)
1 British service personnel serving in Germany
11 Holland
1 Norway
1 Belgium
28 South Africa
1 Spain
36 Saudi Arabia
33 C99 special order cars
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Old 09-29-2022, 04:21 AM
  #126  
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Originally Posted by Range Rover
An original 6K-mile S4 5-speed with up to date maintenance for $45K?? Sounds like a pretty amazing deal to me...
.
Hell Yes! Can you just imagine the frenzy of interest that car would've generated if it had gone to BAT.
I think it probably would've sold for a good bit more there. Major congratulations, Dave!
.
Old 09-29-2022, 08:29 AM
  #127  
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BaT posted a nice feature for 9/28:

https://bringatrailer.com/2022/09/28...ar-and-driver/
Old 09-29-2022, 09:00 AM
  #128  
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Originally Posted by 79NINE28
This should be in the New visitor sticky

Old 09-29-2022, 09:11 AM
  #129  
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Originally Posted by Rob Edwards
Good question- There are actually a lot of of '85-'86 ROW Automatics with the high compression M28.22 (non-Sweden, Switzerland, or Australia) and A28.06 or A28.09- 1044 in all:

775 German market
4 French market
2 Italian market
6 Austrian market
2 Denmark
1 Finland
18 Hong Kong (RHD)
124 UK market (RHD)
1 British service personnel serving in Germany
11 Holland
1 Norway
1 Belgium
28 South Africa
1 Spain
36 Saudi Arabia
33 C99 special order cars
Thanks, Impressive knowledge from that database. I would enjoy looking for the best specced examples from that group, WILD colors, unique extra's. Mine is very highly optioned and two are very interesting.

If you watch most car video's on youtube today from guys like shmee they all get their cars PPF'ed at delivery well guess what. Porsche had that option for the bottom 10 inches of the doors and body, my car has that and on a call with Roger we found that item in the parts catalogue. How many cars have that I wonder. I also seem to have a rare stereo that I do not see in the sales brochures. I see upgrades like Bremen but I have San Francisco. How rare is that and was it a dealer thing.

The cars you just listed is where I would search if I was a big time collector. (and what makes a car a C99 special order car)

Last edited by tv; 09-29-2022 at 09:18 AM.
Old 09-29-2022, 09:33 AM
  #130  
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Originally Posted by tv
That is actually one of the best video's I have seen on the 928. They hit all the points especially the gearing and model variations. The SWISS auto A28.06 is what should have been in every 928 auto. Best gearbox they made. Owning one skews my view of 928's since it is so good. Until you have ridden in such a car you really don't know how good 928's can be.

Rob posted in the spec thread that > "There are 1001 1986 ROW M28.22 '86 Euro S automatics"<

That is where collectors should be looking for low mileage swiss auto versions. After those it is the GT's, SE's and then the GTS. That's my thought on what is desirable.
Well said and I agree....short of early OB 928s (the lower the VIN the better) then it's the "There are 1001 1986 ROW M28.22 '86 Euro S automatics"< for me when $ allows.
Old 09-29-2022, 09:47 AM
  #131  
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Originally Posted by drooman
This should be in the New visitor sticky
Not so sure what to say about that and I don't necessarily agree. Everyone can be an authority these days. Long before the RB sold I had a lot of people inquire about 928's and I saw the same interest as I did before the 964/964T's started skyrocketing in value. The Bad Boys turbo sold for far less than it should have brought but that is a long story. Although that sale was long after the values had already reached absurdity. Values increased due to interest and the realization there were so few in decent condition to choose from. Investors/buyers today are all about condition. So the OB's that sold for so much based on their theory would have sold for much less if it wasn't for the RB car? I am not so sure about that. It might have seen an increase in asking prices but IMO the cars that brought huge money would have irrespective of the RB sale. Condition drives the sales of all older Porsche's. People have learned it by buying bad 911's that finding the right condition car is key. No different than what Is saw unfold during the 80's grey market. I agree people need to educate themselves on which model is best to buy but prices are on the rise because the average person can afford to spend $45k and put another $15-20K into it but not as many can afford to spend multiple 6 figures to buy the best. So before these all start seeing increases like the 964 did people are trying to grab their dream Classic.


My GTS is a blast at any speed. So long as you are on the gas it is just tons of fun. ALthough as i get older it has become more my speed so to speak. I drove an 80 Euro dual dizzy yesterday and it was a fun car but personally I would still take my GTS over it.

odo says it is a lower mile car than it states IMO but a solid car and very nice condition overall it reminded me of my 80 euro but not as much pep but I am going on 40 year memory.


Old 09-29-2022, 10:03 AM
  #132  
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Originally Posted by Range Rover
...
That said, I don't put much stock into what the automotive journalists have to say about valuations and the like, especially when they probably don't follow the market as closely as we do, and most certainly aren't as familiar with the cars as we are. Famous chef Marco Pierre White once opined about being judged by the Michelin committee "Once you accept you are being judged by people who have less knowledge than yourself, then what's it worth?" I think it's relevant to how many of the talking heads dismiss the 928 as undesirable, or broadly less desirable than all air-cooled cars, etc. It's a platitudinous argument that is proving to be untrue...
Actually, the SCM (Sports Car Market) Price Guide is one of the gold standards in collector car valuations, along with Haggerty. These resources are of great value to the collector and enthusiast market, because they are far more objective than we are - we, as 928 enthusiasts, tend to be very myopic, and that skews our view of the broader value of these cars. A resource like SCM eliminates that bias. Further, SCM is owned by Keith Martin - the publisher. He also used to have the TV show "What's My Car Worth", where he demonstrated very accurate forecasting of sale values of classic and collectable cars. You might recall that he was a fairly recent purchaser of an S4, enjoyed it for awhile and then sold it. He posted a few times in this forum. So while these "journalists" might not know the 928 to the extent that we do, they know a lot of other things that we don't, won't or can't see.

Originally Posted by GT6ixer
Gonna have to respectfully disagree with you on this one Ed. I think the exact opposite will happen. Mandated EVs will only be for new cars. It will take 50 years of EV only production to support replacing all used cars with EVs and even then I don't see it happening for another 50 years after that.

So by 2040 when basically no more new gas powered sports and muscle cars are available to buy, all those who still crave that experience will be spending that new car money in the used collector car market. By the second half of the century there will be a limited supply and still a large demand for all petrol powered things. Especially big V8s IMHO.
Possibly Nate, but I think the swing will occur much faster, once a critical mass is reached with EV cars. Again, I don't believe it will affect the values of the top cars, which will remain strong and desirable, but the regular, run in the mill 928's (and other older enthusiast car makes and models) will plummet. Who knows? Not me and your guess and insight is as good as mine.
Old 09-29-2022, 10:30 AM
  #133  
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Originally Posted by cobalt
Condition drives the sales of all older Porsche's. ................................. I drove an 80 Euro dual dizzy yesterday and it was a fun car but personally I would still take my GTS over it.

very nice condition overall it reminded me of my 80 euro but not as much pep but I am going on 40 year memory.

So many items need adjusting on these cars that most owners have never done.


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Old 09-29-2022, 11:03 AM
  #134  
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That is nicely done. I will send this to the owner as he wants to do something similar.

odo claims 18k miles but it is a euro with MPH speedo. The car runs beautifully although we are having an issue getting spark plug wires for the twin dizzy. Any suggestions would be helpful. It was well maintained and looks worse than it is but sadly the car sat outside unloved for a the past few years once covid hit. It will be getting the full treatment. Starting with the engine. All refreshed hardware, vapor hone the intake and other bits. My good friend has been working on these since the 70's and is a top mechanic he loves the cars but he hates working on them.

Regarding Hagerty and the market valuations I always tell people to toss them out the window. I can't disagree more with their valuations. The info they provide I find more times than not are useless. A #1 car's value is usually what I see #4 cars trade for. Just like when I sold my 914 back in 2003 for $9500. Excellence was quoted to me by multiple buyers and they said the car was only worth $4500. I laughed and sent them looking. I met up with several potential buyers later and they all had found their $4500 914 what junk and they admitted they had more into the car than I had been asking for a fully sorted car. A year later the 914 sold for $15,500 and the valuation barely budged. No different today. If I could find #1 cars in the price range Hagerty claims I would buy everyone. Funny when they rated my friends 3.6T on "What's my car worth" they rated it very low on the collectability scale. They couldn't have been more wrong.

Old 09-29-2022, 11:40 AM
  #135  
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Originally Posted by linderpat
Actually, the SCM (Sports Car Market) Price Guide is one of the gold standards in collector car valuations, along with Haggerty. These resources are of great value to the collector and enthusiast market, because they are far more objective than we are - we, as 928 enthusiasts, tend to be very myopic, and that skews our view of the broader value of these cars. A resource like SCM eliminates that bias. Further, SCM is owned by Keith Martin - the publisher. He also used to have the TV show "What's My Car Worth", where he demonstrated very accurate forecasting of sale values of classic and collectable cars. You might recall that he was a fairly recent purchaser of an S4, enjoyed it for awhile and then sold it. He posted a few times in this forum. So while these "journalists" might not know the 928 to the extent that we do, they know a lot of other things that we don't, won't or can't see.
Completely disagree. Their valuations are often pretty formulaic, and not in an academic way. They miss far too many variables to accurately appraise every car, and often apply the same right criteria for valuing a 928 as they would with a 60s Corvette. They may be "objective" but that doesn't mean they're accurate. Regarding the myopia you mention, I often find appraisers and journalists to be more myopic than us 928 owners... at least when it comes to our cars. You cannot apply the same collectibility criteria for a grand touring car as you can for a vintage race car. Someone looking for a Ferrari Daytona is likely searching for a car that has completely different attributes than another collector searching for a 275S. Or, even if it's the same prospective buyer, they are likely using different search criteria for each car.

Last edited by Range Rover; 09-29-2022 at 11:45 AM.


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