johnu

"A rising tide raises all boats, and skyrocketing values for air-cooled Porsche 911s have driven up prices of 912s and, to a lesser degree, 914s. Though prices seem to have stabilized somewhat in the past year, the days of the affordable 911 seem to be behind us. Fortunately for driving enthusiasts yearning to own a car with the Porsche crest, the Stuttgart automaker’s transaxle models (924, 944, 928 and 968) remain relative bargains, though we don’t expect this to last forever. Buy one in the next year or so, or be prepared to kick yourself five years down the line."

https://blog.hemmings.com/index.php/2016/12/29/five-car-hobby-predictions-for-2017/?refer=news

Justin Tyme

Then China and the US kick things off and economies tank and you can't give them away.

All forecasts need to be taken with a BIG grain of salt.

Nice headline though.

Red Flash

Agree.

Icedt

Just had mine appraised again after seeing some for sale. It has doubled in the last 8 years....

Adk46

As owners and (mostly) lovers of these cars, we have the best sense of how much we'd be willing to sell them for. That's one way to look at it - we set the price, not Hemmings, not the buyer (unless we're desperate; let's not be desperate!)

Imo000

I always thought the buyers are setting the price.

Mikebte

Maybe if they buyer wants to offer me enough to buy a 911. Only than will I consider.
Haha, ok maybe a bit less, but the 928 is a bit of fun.

safulop

Values are all over the place, depending hugely on mileage, somewhat less on condition. So it seems like a 50K mile junker S4 in need of $20K in deferred maintenance is somehow worth $25K, while a 150K mile daily driver S4 that runs like a top is somehow worth $10K.

Go figure.

safulop

It's not about financial desperation, it's just like, somebody take my car please. I don't want it hanging around for the next year.

safulop

Mine has gone down a few thousand in that time... how many miles on yours?

2002M3Drew

The game changer is that we now live in a very easy-to-navigate world market when it comes to buying and selling cars. My dad used to put his car ads in the New York Times Sunday edition when he was serious about selling something. Now, every car on every site is viewed around the globe thanks to the advent of the search engine. And with shipping companies making the exporting and importing easier than ever, these cars can go anywhere - in other words, they go where the money is. When our economy was a little soft a few years back, old 911s were leaving in droves for France and the far east (among other places). Porsches are about as good as it gets from a reliable collector perspective. And of the Porsches, few have the exclusivity in numbers and cachet that the 928 has. My own barometer is the attention these cars get in the wild, where many folks claim to have never seen one in person. While not enough to plan retirement around, the value should outpace operating costs by a fair margin, unlike many other cars out there.

safulop

OK sure, let's see. I bought my S4 for $14K in 2010, with 133K miles on the odo. After 6 years, it now has 155K miles, and I've spent probably $16K keeping it going and doing some basic restoration (no paint). Now it is in better condition than when I found it, but I would be lucky to sell it for $14K. So uh, I don't see your math at all.

Mikebte

Generally when a car flat lines for a period of time at a price point, it will stay at that price.
But, they are predicting that the 928 will be one of the few that has a 2nd increase. Only time will tell.

The 911 sold for the same price as the 928 and is worth way more, so we can only hope the 928 catches up.

Price increase has only started to get notice since 2012-14. So don't expect to see an increase right away.

19psi

I see nothing wrong with his math.
You paid a lot money for a high mileage car. You then had to invest $16,000 into it because it's a high mileage car. Resale is going to be very low because not many people would even consider buying a car with 155,000 miles on it.

When I was shopping for a 928, resources such as CL, eBay, forum marketplaces etc. gave me a never ending amount of nice 928s to choose from. Never felt I had to settle for anything.
In the end, I bought my 928 5 years ago with mileage in the low 40s and looking damn near new inside and out and 99% of all maintenance up to date. I enjoy the heck out of it every summer and I've put less than $1K into it.
For what I paid for it, it's easily tripled in value.

hacker-pschorr

Mileage is key and this seems to be lost on many in the 928 crowd. In most collector circles, anything over 60k - 75k miles is beyond collector status (10k - 20k miles with Italian cars).

These valuation articles and predictions are not really taking into account anything with over 100k miles on the odo.

There are no guarantees and the market could drop out of the collector car world at a moments notice. However, watching almost everything else skyrocket in value I don't have a difficult time agreeing with an increase in 928 values, even above what we've already seen over the past 12-18 months.

The 928 will always play second fiddle to the 911, so as long as the *** dragging sewing machine sounding part of the family stays up, the 928 has a chance of continued appreciation.