Hagerty Valuation tool shows 928's going up
06-27-2013 | 11:48 PM
#1
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Instructor
Joined: Sep 2005
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Hagerty Valuation tool shows 928's going up
I was looking at the market trend for 928's using Hagerty's Valuation tool. If its correct then in the last 6 months our 928's have seen a big increase (percent wise) in value. Not saying the same thing that happened with my 1978 Trans Am is going to happen here, but within four years my $6000 car become ( and was sold) for $14,000 and all I did was take care of it and change the oil.
06-28-2013 | 03:06 PM
#5
Burning Brakes
Joined: Jun 2008
Posts: 909
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From: NY
I was looking at the market trend for 928's using Hagerty's Valuation tool. If its correct then in the last 6 months our 928's have seen a big increase (percent wise) in value. Not saying the same thing that happened with my 1978 Trans Am is going to happen here, but within four years my $6000 car become ( and was sold) for $14,000 and all I did was take care of it and change the oil.
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06-28-2013 | 05:32 PM
#8
Race Director
Joined: Sep 2004
Posts: 16,271
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From: Stockton, CA
We seem to have passed the breaking point of neglected 928's limping along under maintained and finally sacrificing themselves to the well maintained 928's.....when the basket cases make the ultimate sacrifice, only the nice cars will be left and the prices will increase.... I wouldn't say we are there yet, but it is trending in the right direction for once....
Why are the values SO high for "nice" GTS.....because there are quite rare and well maintained, with low mileage.......so any 928 that is well maintained, with low mileage even without the GTS rare-ness will command a higher price...
Why are the values SO high for "nice" GTS.....because there are quite rare and well maintained, with low mileage.......so any 928 that is well maintained, with low mileage even without the GTS rare-ness will command a higher price...
06-28-2013 | 06:02 PM
#9
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When the tide comes in.....all the boats in the harbor rise with it. Aircooled 911s have been very strong the last 2-3 years. California real estate is "up" over 30% in the last 12 months. Tesla up 300-400 percent.
06-28-2013 | 09:05 PM
#11
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From: Nashville
I think sometimes we have a hard time seeing the forest for the trees.
If we take a step back and look at the situation objectively the picture is unfolding logically...
18 years production, 60K units worldwide (vs. 15K for the 308) with an unusual number of domestic Euros due to the American presence in Germany and an active grey market during the cold war.
With the complexity of design, lack of a secondary or after market for parts and the derision of the air-cooled crowd, the 928 was destined for cult status.
And so it was for a number of dark decades... where only the devoted kept the torch lit.
And then... technology and a generation of kids with only a handful of cars to dream about grew up and grew affluent.
Now we have this righteous forum, amazing vendors and cheap parts out the yin-yang... and a car that lives up to the dream.
Ten years from now we'll be glad we bought into this when the buying was cheap...
If we take a step back and look at the situation objectively the picture is unfolding logically...
18 years production, 60K units worldwide (vs. 15K for the 308) with an unusual number of domestic Euros due to the American presence in Germany and an active grey market during the cold war.
With the complexity of design, lack of a secondary or after market for parts and the derision of the air-cooled crowd, the 928 was destined for cult status.
And so it was for a number of dark decades... where only the devoted kept the torch lit.
And then... technology and a generation of kids with only a handful of cars to dream about grew up and grew affluent.
Now we have this righteous forum, amazing vendors and cheap parts out the yin-yang... and a car that lives up to the dream.
Ten years from now we'll be glad we bought into this when the buying was cheap...
06-29-2013 | 05:50 PM
#12
Nordschleife Master
Joined: Apr 2008
Posts: 9,337
Likes: 4
From: Austin, TX
Come on 928 values!!!! My last few purchases have been so cheap it made me worry that I shouldn't even buy them...but damn if those have not turned out to be good buys! I LOVE 928's! Even if the value stays flat I STILL love them!
06-30-2013 | 11:03 PM
#13
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From: Fresno, CA (summer in Calgary)
I could buy a 1995 GTS with 20 original miles and perfect condition, a show winner, for about $50.
Or so I heard. . .
But in truth, I've heard about many car sales on this forum over the past year that have not been encouraging, making me think things were going in the opposite direction.
Or so I heard. . .
But in truth, I've heard about many car sales on this forum over the past year that have not been encouraging, making me think things were going in the opposite direction.
07-03-2013 | 11:53 AM
#14
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Joined: Aug 2001
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From: Up Nort
The owner of this Countach:
http://www.erik27.com/cars/PearlCountach/
Had this to say about car values:
http://www.erik27.com/cars/PearlCountach/
Had this to say about car values:
I believe that very expensive cars go thru several stages before become very expensive collector cars.
(1) As said, first they are usually expensive and that said, are purchased by people with large disposable wealth or incomes...and equally disposed for the "next" thing to have or be seen in.
(2) Next owner is looking for a deal and buys at a discount...usually could not afford car new.
(3) 3rd - 4th owner is probablly someone that picks up the car relatively cheap compared to new...several years or more down the line, when it's yesterdays car for sure and not many wealthy people would care to be seen in one at their favorite restaurant, etc.
(4) Here's where it becomes interesting...if the car is truly a collector machine, wealth will find and embrace it again...once this starts to happen and it happens fast sometimes, these cars can not only rise in value, but usually when people, again with large disposable wealth, view the car as collectable, then it's at the final stage and the normal enthusiast is left with only memorys...and very little hope of owning one again.
(1) As said, first they are usually expensive and that said, are purchased by people with large disposable wealth or incomes...and equally disposed for the "next" thing to have or be seen in.
(2) Next owner is looking for a deal and buys at a discount...usually could not afford car new.
(3) 3rd - 4th owner is probablly someone that picks up the car relatively cheap compared to new...several years or more down the line, when it's yesterdays car for sure and not many wealthy people would care to be seen in one at their favorite restaurant, etc.
(4) Here's where it becomes interesting...if the car is truly a collector machine, wealth will find and embrace it again...once this starts to happen and it happens fast sometimes, these cars can not only rise in value, but usually when people, again with large disposable wealth, view the car as collectable, then it's at the final stage and the normal enthusiast is left with only memorys...and very little hope of owning one again.
07-03-2013 | 01:16 PM
#15
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Joined: Nov 2006
Posts: 14,552
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From: Pittsburgh, PA
The owner of this Countach:
http://www.erik27.com/cars/PearlCountach/
Had this to say about car values:
http://www.erik27.com/cars/PearlCountach/
Had this to say about car values:
