Crazy price changes on 2 928s
Nordschleife Master
Joined: Oct 2006
Posts: 8,575
Likes: 5
From: Orange, Cal
I'd say the dealer was smoking crack, but whether that is true or not, dealer asking prices for used cars mean NOTHING. Which again isn't to say they don't catch a fish from time to time. Used car lots that are good at it often sell, repo and sell again a few times.
Drifting
Joined: Nov 2006
Posts: 3,212
Likes: 9
From: Colorado
Does not surprise me at all.
I think that many of the current owners just undercut themselves and hurt the market as a whole. Look at the price of any 911 from the same era. It's much less of a car.
We are at a tipping point, as someone mentioned above. Right not nothing for the 80s has really hits its classic car stride yet. They are just starting to get old enough.
I owned a 1967 RS/SS Camaro when it was 20 years old. Bought it for $1,000 because it was "just an old Chevy " at the time. When I sold it a few years later it was worth mildly more but nothing crazy. A few years after that and cars like it were crossing the auction block for 100x what I paid for it.
The 928 and man of the older Porsches are far more rare and exotic than anything made in the U.S. Consider for a moments that in 1965 alone, Ford produced 500,000 Mustangs!!
I think that many of the current owners just undercut themselves and hurt the market as a whole. Look at the price of any 911 from the same era. It's much less of a car.
We are at a tipping point, as someone mentioned above. Right not nothing for the 80s has really hits its classic car stride yet. They are just starting to get old enough.
I owned a 1967 RS/SS Camaro when it was 20 years old. Bought it for $1,000 because it was "just an old Chevy " at the time. When I sold it a few years later it was worth mildly more but nothing crazy. A few years after that and cars like it were crossing the auction block for 100x what I paid for it.
The 928 and man of the older Porsches are far more rare and exotic than anything made in the U.S. Consider for a moments that in 1965 alone, Ford produced 500,000 Mustangs!!
Rennlist Member
Joined: Jul 2011
Posts: 583
Likes: 16
From: Nashville
928's kept their (crappy) pricing steady through the worst economy since the depression while other collector cars went in the tank and sold for a fraction of boom prices.
The money is finally starting to loosen up to prestige item levels.
Demand is guaranteed to increase as 40-somethings start making their childhood dreams come true (like me). Supply is... nope still going down.
Hmmm...
Now if only there was some universal economic truth in regards to price when demand goes up and supply goes down.
The money is finally starting to loosen up to prestige item levels.
Demand is guaranteed to increase as 40-somethings start making their childhood dreams come true (like me). Supply is... nope still going down.
Hmmm...
Now if only there was some universal economic truth in regards to price when demand goes up and supply goes down.
Rennlist Member
Joined: May 2002
Posts: 1,114
Likes: 119
From: Virginia Beach, VA
Maybe I'm just ****, but if you're going to ask $20K for a 100K mile S4 auto, missing speaker grills and a less than perfect console cover ain't gonna cut it... and the original steering wheel and wheels better come with it.
Drifting
Joined: Nov 2006
Posts: 3,212
Likes: 9
From: Colorado
Check this one out n eBay!
http://cgi.ebay.com/ebaymotors/53-po...#ht_500wt_1064
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Michael S. Palmer
Instructor
Joined: Aug 2011
Posts: 126
Likes: 0
From: Atlanta
The Hills are Alive
The price increase is due to the "setting" created by the sweet 80's prom background in the picture making you feel like you making a Stuttgart to Lucerne run with the Scorpions cassette keeping time.
Rennlist Member
Joined: Apr 2006
Posts: 4,373
Likes: 2
From: Patterson, Ca
I know!!! I know!!! Price is always inversely proportional to how upset your SO is. This holds true for buyers and sellers.
