ROG100

I watch every sale there is to see the outcome (eBay, cars.com, autotrader, Rennlist and more) and overall I see prices going up.
Do not know where you guys are looking?
The volume of sales has increased by 400% to 500% over the last 3 to 4 years since I have been following the market.
Good cars are fetching higher $ on average.
Bad cars are selling now for reasonable $ whereas before they did not sell.
There is a ready market for parts cars and they are more difficult to find and are fetching higher $.
I guess I am in a different part of the universe to the more negative crowd who have responded to this thread.
And I have purchased one or two cars so have some knowledge in this area.
I have also bought three cars as an investment and even after putting $ and time into them I am seeing growth at better rates than my 401K. I am speculating on what there selling price would be, however its based on sound knowledge of the market.
Just my 5 cents worth

Cliff Ruckstuhl

After just selling my 88 951 for more then I paid for it I think NICE cars in generial are holding there own. But on my 951 I sold it for allot less then I had in it. Over all I might have taken about a $4K loss over the 4 years I owned it. Now my 928 it is a nice car and I am sinking about (PLEASE do not tell my wife) $2K in to it with some performance mods and some new wheels and tires. I then think it will be a solid $14K car with the miles it has. I think if the cars are kept nice and the maintence is done and it is truly a very nice car then when buyers start looking and look at some real bad cars the nice cars will get the price IF the buyer is educated and see the value in buying a well kept car. But finding that buyer may take a little while. After looking at some bad 951's and looking at a few 928 one can see right away when a good car pops up. Talking to the seller and getting a feel for how he has treated the car is also key. I also think that the nice cars have bottomed out on price. When looking at one for $7K and seeing that the whole interior was faded and it needed some work the $12K cars start to look allot better and the $15K cars start to look real nice. But we all can drop an insane amount of $$ into the cars, My thinking is for say $15K for a very nice car and then do a Super Charger Kit or Turbo kit and then all said and done we have $20-22K in the car. What we now have is something we do not see every day like a Vette and something that will kill a $60+ vette for a little over $20K. What does a new Honda cost these days?

Just my thoughts

Cliff

Andre Hedrick

If one is looking for an investment vehicle, see Wall Street. If you want to enjoy a driving machine, see a 928.

bronto

And there you go. The vast majority of cars that get ripped here are on eBay, where the seller is saying "please, someone take this car off my hands NOW!" and where the buyer is required to make a snap decision on price.

Shark Attack

this board is real funny about pricing... if you are not in the "click" your car isnt worth squat... but if your in the "boys club" its worth a million dollars. But in the defence of the click... the click cars are pretty well known, I think this plays a large factor in pricing, so mach can be wrong with the cars that you simply can not see, feel or hear with out driving the car 1000 miles.... and the cars are not cheap to fix, even if you are doing the work yourself,, parts are costly. so what may be "little" things wrong with the car may add up to big bucks really fast. thus price is effected by how well the car is known in the 928 community.

Daniel Dudley

Many people sell 928s cheaply because they feel beaten. They spend money on the car, throw good after bad, and never have the 928 experience they want. It then occurs to them that they spent too much for the car, too much on the car, and they want out. Now. At this point they want a quick sale with no hassles. They pick a price that is more than fair so that there will be no call backs, no quibbling.

Some of these cars will be in better shape than some of the higher priced cars. Some won't be.

It really is true that these cars aren't suitable for 99.999 % of the population. They are for brilliant tinkerers and those charmed individuals who aquire good cars and have access to good service. Most of the rest of the world intuitively knows this, and know that they are niether. Some people find this out the hard way.

It is also worth considering that cars have come a long way since the 80s. Ordinary cars now have features and power that only the most expensive cars had in the 70s and 80s. To some, an older Porsche is a dream. To others, an anachronism.

To me, this whole conversation is a throw away. Interesting stuff, but not really applicable to the world. Some will sell rotten cars for high prices, others will sell great cars at a bargain. People will want to get into 928s, others will want to get away from them. You, boys and girls, are the elite. Hopefully some of you will fall into some of these deals. I have a feelling that in 20 or 40 years it will all be moot anyway. This is just a hobby for me, and being on this list is a great part of the fun.

Happy New Year. May we all enjoy success and happiness in our endeavors. LOL

danglerb

Most people buy a new car and the old one has to go ASAP. I find it hard to believe, but my guess is that most people just take whatever token amount the dealer offers and move on. I was talking to the owner of a 87 S4, current PM, and no plans on selling, but he figured it was worth about $6k, and I bet a LOT of nice 928 sell for that kind of price and all we see are the flipped cars two or so years later with zero PM since the old PO.

So if I find a hot deal and plan to "flip" it in a few years SURELY my wife would understand what a good plan that is.

AO

I'm not sure what you mean by clique, but I think you referring to the people that have been around here for some time or are known in the community. Of course these cars are worth more - the history is known. Whenever the history of a car is unknown, it'll will be worth less becasue there is a higher risk associated with buying it. And as you so aptly poined out, these cars cost a lot to fix, thus, if you know something doen't need to be fixed, the value of the vehicle will increase much more that with a car where it's unknown.

H2

-------
Hacker-Pschorr---it's the kind of thing that you mention that I've been reading that got me to thinking some of the unpopular thoughts I shared. Finding both extremes in this same group. I find it confusing myself. But one thing is for sure...

"Man alive...this is a freakin' touchy topic!!!!!". I think I'd better move on to questions about wheels, clutches, car polishes, etc. before I get my butt nipped yet again. I'm really not the ****-pore some of you apparently think but I do step into stuff from time to time.

I figure that ROG100 must be on to something. He certainly didn't buy all those cars to lose his rear on depreciation. He obviously knows how to buy, what to buy, and when. He must know what he's doing. I've got it backwards...I buy high...then sell low. Same happens with my stock portfolio. Sucks to be me.

928ntslow knows more about 928s than I'll ever know so he's on to something but it's still a bit unclear to me. I'm still naive about the psychology of 928 discussions on this list. I respect his judgement. He's certainly no novice when it comes to 928s. And his white GTS is one of the best.

If you all say that the average price of 928s is going up...then I'm on board and will trust your better informed judgement...it's just that I've not been around long enough yet to see that trend. The kinds of recent ads that I listed in the first post of this thread confuse me...Also, when I bought my excellent-plus '85S it was priced at $14.500 five years ago (I paid $10.5K), I then spent another $6K-$8K in PM getting it close to new shape...and it's really probably only worth $6K-$8K on today's market from what I'm seeing (Please tell me that I'm wrong). But it's worth everything I've put in it to me. I don't wish to sell it but I have a newer S4 that I think I'll like more and parking for only so many cars. I probably should just stick to one P-car but they are addictive. Most of us could probably agree on that. It takes me half a day each weekend just to "exercise" my cars.

I still find it confusing why this thread topic would be so sensitive? I'll try putting a more positive spin on things.

I no longer subscribe to many of the car mags since they're so much BS geared to please vendors and sell cars. This and other discussion lists are far more informative and useful...and candid.

BTW, which is better? ReJex or Carnauba?

Harvey

danglerb

This isn't a mystery, if your selling prices are going up, if your buying the prices are going down.

16,000 928's in the US, if as few as 10% sell each year, which assumes an average of 10 years ownership, thats 1600 cars, and we see a tiny fraction of those from generally a non average owner enthusiast group.

JHowell37

I can't believe how much some of you people have paid for your cars. You've really let yourselves get ripped off. I only paid $3500 for mine and no one's going to tell me it's got problems. Have a look, I've got nothing to be ashamed of with mine.
It's nothing a little elbow grease and rubbing compound can't take care of. I'll tighten a few nuts and bolts and she'll be good as new.

In all seriousness, I thought we bought these things as a way to forget about our investments and to enjoy the drive from point A to point B. I'll sink well over $10K into mine before all is said and done. That's money I'll never see again. But this is something I enjoy, so it's worth it to me. To me I guess I could say that it's an investment in the enrichment of myself.

Remember folks, when the prices do start going up, people are going to be rushing to restore junkers that today we'd sell as parts cars. If you think parts are expensive now, wait until there's a run on them. Enjoy them while they're cheap.

danglerb

So did you use Rejex or Carnuba?

KO928GT

ROG100 - You may have seen my stoy posted by jptl. I have a 1989 928GT w/34000 miles and a recently modified front end. Car was totaled by insurance company. I am fighting over the value. I would love to be able to speak with you regarding your information on sales.

ROG100

KO928GT no problem PM me and I will give you my email and phone number and help in any way I can
Do a search on fighting Insurance companies as this topic has been well covered recently.
Use my name ROG100 to search as I responded to the thread that covered how to prove higher values for totaled cars. Especially if you have a GT.
Good luck.
Roger

H2

Rog, I'd never criticize your absolutely stunning $3500 garage queen, and I'm sure it'll all buff out nice, but there's a chance you buffed a wee too much on the driver's side front fender...but a good wax should fix it. Keep truckin'

Harvey