W. MITTY

I generally shy away from discussions regarding valuations; these cars are not, nor have they ever pretended to be, investments. However, I felt compelled to relate a recent, real world experience. You should take this account as true, but feel free to reject it if it makes you feel better...

I have a 2015 GT3. MSRP was about $146,000. Nice car, no stories, less than 5k miles. Took it to my local, very large, Porsche dealer to ask for a buy bid as I have two very cool cars inbound. Manager comes out with a grim face, knowing that I have been a pretty regular customer. Shuffles his feet a bit, and tells me the following" "I'm really sorry, but we are not even able to make you an offer on your car. We are being very cautious about the GT3 right now given that announcement of the new GT3's coming out. We have another GT3 in stock now and we are very upside down on it and we can't move it. , We won't be doing that again." I respond, "I understand, but let me get this straight: a Porsche dealer, well established, and you can't even make me an offer?" He responds, "Yes, that's the way it is, sorry. In the last several months, the GT cars have fallen off a cliff." I then call a couple other dealers that I have good relationships with, and got much the same feedback.

Like I said, process this as you choose, but with the hundreds of cars I have owned, I've never had an experience quite like this...and I've owned four McLarens...

W. MITTY

BTW, I should add that the car did finally find a home, and I lost my proverbial shirt in the process. Live and learn, baby.

GrantG

Where do you live?

W. MITTY

Western U.S.

chaosoul

There's always a number as you know.


A lot of Porsche dealers don't want to get a bad rep for being low-balling or called stealership so rather than giving you a number that will definitely not make them upside down, and you most likely won't accept, they just rather push you away.


There's always a number, 105k? 100k? That the dealer will be willing to take but you will not. And that's also because people expect the GT cars to hold values.


McLaren have on issues on tell their customers that their trade in will be worth 100k less than what they bought it for because their customer is probably mentally prepared already.

jo_ker

everything have its price.

991.1 GT3 market in EU seems stable. -15% MSRP on used ones.

brownan

Sounds like they already caught one falling knife and are trying to not catch another. Regardless, I'd have thought they'd chuck out some number where they knew they'd be able to off-load the car (call it $110k).

Archimedes

Could also be that they just don't want to tie up inventory space with a second GT3, when they already have one in stock that isn't moving and they have Macans flying off the lot. Likely more profit to be made on the Macans they can roll through that spot in the same time it would take to sell the GT3. I can imagine that a lot of smaller dealers wouldn't be interested in carrying two used .1 GT3s in their inventory at the moment.

STG

.1 GT3's are collecting dust just like the RS's at current prices. Many dealers don't know what they're actually selling for. Definitely not the current asking prices. The resale market on these is very fluid. If they can't sell it in the next 2-4 weeks, they don't know what the market will be like a couple months away.

Many dealers are DEEP into these cars. They're sweating.

robmypro

That sucks. Sorry to hear that. I generally keep my cars forever, in part so I don't have to go through this stuff.

Archimedes

As someone who wants a .2 GT3 and is looking for alternatives if I don't get an allocation, I can tell you that I'd have zero interest in a .1 GT3 at anywhere near the current asking prices I see out there. For me to be interested, it would have to be a low mileage '16 with CPO and selling for materially under sticker.

ChicagoM4

I wonder how Hitler would react...

tgibrit

I was offered 30% under MSRP for my .1 GT3 but that was to get an allocation for .2 GT3. From the two dealerships I have contacted both said they were prioritizing customers with a GT car to trade - albeit at prices significantly lower that MSRP. This is PA and NJ.

Porschmich

Absolutely my feeling. With all the talk on the new cars I will wait for an allocation
on the .2. If it does not happen will wait and see how the prices on the used GT3RS market shakes out, nothing over MSRP in my garage. Love these cars but
not going to stress about them.

Richard.

reality check unfortunately, 6 months ago a different story, thanks Porsche NOT