PNWDude

I too am a buyer. Here are couple cars I passed on just to give you an idea.

A month and a half ago, there was a yellow one in Portland Oregon with ~143k msrp and ~8k miles, clean carfax, zero issues/history. I could have had that at 124. I passed. I think it sold slightly less than that. Car sat on the dealer's lot for nearly 3 months. I thought I could do yellow, but I was wrong.

I know someone selling a well tracked '15 with ~20k miles, buckets and all, ~145 msrp. He was asking 110 (probably high 110s if it gets all cleaned up). I passed since I plan on keeping it for awhile and not wanting a well tracked car, also not the color I was looking for.

There was a 2016 asking for 140, 146k msrp with ~6k miles at Herb Chambers in Boston. Dealer took it in for 133k (previous owner is here). I think it sold in the last couple of days after sitting for nearly 2 months. https://rennlist.com/forums/991-gt3-...uestion-2.html

Even here on Rennlist, this is a 14' with 160k msrp, ppf, and exhaust. Sure it has more miles at 15xxx, but that's not high mileage by any means. I think the body is straight and clean car fax as well. He is asking 132.5, it has been listing for a month and still sitting. https://rennlist.com/forums/vehicle-...n-florida.html

Another one here on Rennlist (sold now) 2015 >160k MSRP, ~8k miles, full ppf, certified. Was asking for 140. Listed for about a month. https://rennlist.com/forums/vehicle-...e-gt3-cpo.html

Considering all these cars above, when I look at yours at 138 msrp, replaced bumper, no PPF, low options. Less than 2.5 months from being 4 years old car and not CPO. Top engine issue seems to affect more '14s. For me, its hard to even consider at 125 let alone at 130. 120k is probably the most I would pay if your car is exactly what I am looking for.

And others have brought up the issue with increasing inventory as well. Buyers like myself are well aware of this and most of us can wait. The market favors the buyers more than the sellers. All those asking near MSRPs, or over MSRPs are just dreaming or waiting for that *1* buyer.

Hope I gave you a better idea of how buyers like myself is thinking. GLWS.

Lodi

I traded my '15 GT3 for $140k back in the spring. MSRP was $160k and it had 10K miles. I was very happy to have enjoyed it for 2 1/2 years and still retain 88% of my initial investment (plus the trade benefit on my RS). I think you're going to land somewhere around $120K and I would consider that a pretty good deal after owning a car for 3 plus years. Most cars would have depreciated 40 to 50 percent by now! GLWS.

DesmoSD

Since time is of the essence, you either have to take the loss or keep firm and wait it out.

997.1 and .2 GT3's are holding steady because there are not many for sale. Most of them have been driven yet they are still asking premium. It's only a matter of time before the dealerships realize they are asking too much.

goin2drt

Good example. 12.5% off MSRP back in spring. Even better now and going lower by the day as the US .2's hit US soil my mind.

Lots of inventory. Many on Autotrader (the place that have a few I am watching) have been for sale for months.

surfer

Last month, I traded in my 15 GT3 with 7xxx miles for 92% of $140000 MSRP but this was an anomaly. The other dealerships offered 82-83% MSRP. I also received an Excise Tax Credit of $6000 towards my new car from trade-in value.

DerStig

Take the 120 and run. In 1 year you are lucky to get 105k. Mark my words. There will be 500+ of these cars in the market and they wont move because why buy a 4 year old car when you can buy the brand new one for 20-30k more?

The 997 market is also in for a much bigger correction. The only reason that car sold for that much was the demand for manual plus you could still have a CPO manual GT3 for a lot of those cars. The new manual is probably going to significantly better in every area. Hard to remember those 997s were not selling for 80k 4 years back, they ll be back to those levels finally.

Its a buyers market. So i think you guys complaining about 85% MSRP needs to take the trade and run and not look back because you are stealing it

DesmoSD

This was back in March but currently dictating what's going on now since 991.2 GT3's are arriving.

https://mindovermotor.com/2017/03/08...to-911-market/

Bossing

I actually read that same (albeit older) article last night... one thing for sure, paying for a GT3.1 presently at 150k+ (or even at 140k) is not wise IMO.

Excerpt:

"With pricing starting from $144,650, and surely going up to cross $200,000, loaded with options, why on earth would you want to buy a 997 GT3 or RS for the same money? And can the PDK-only 991 GT3 even have a prayer? How about the 991 GT3 RS?

The 991.2 GT3 is about to make things very interesting in the Porsche market, and not everyone is going to be thrilled about it. I sure as hell wouldn’t want to be the guy who just dropped $200,000 on a 997 GT3 RS, or $175,000 on a 991.1 GT3."

DesmoSD

I may be the minority here but I'm so glad this is happening.

This aligns with Andreas Preuninger's grief with people flipping Porsche's instead of driving them. He's answer was to listen to the consumer. Give us what we want in abundance, drive and enjoy his work.

WenigerAberBeser

If the market for 997s settle around $90k in the near future, then $115-$120k might be the market for the 991.1. And I would assume $140k-$150k for 991.2 once 992.1 comes out @ around $170k msrp.

JB991

Agreed. Traded in my 16. Dealer gave me MSRP for it and I didn't even think twice about it. Someone mentioned the tax credit as well, which I took, and can sleep peacefully with the deal. Had it just at 2 years, so can't complain about the deal.

I'm not sure the 997 market will drop as much as you say though. To me, the fact of the different engine, the timeless look, it'll always fetch good money. If it does fall back to the high 70's/ low 80's, you can bet I'll be swiping one up

DerStig

i am also glad this is happening. People are calling us dreamers for stating the reality here but in a year they will realize it was them dreaming all along inflating this bubble.

Everyone needs to sit tight and enjoy whatever car they are driving and wait this out.

DesmoSD

Exactly!

At the end of the day, we just want a car with bug guts on the front bumper, scrubbed up tires, brake dust on the wheels, exhaust soot on the tail pipe and huge grin after a nice drive.

This ADM era is slowly coming to an end.

AlvinHuyN

I'm also a potential buyer and currently following the GT4/GT3 market. What I'm seeing is that I could get:

Low low low mileage (less than 2k miles) GT4 at roughly $104k fully loaded with PCCB & LWB and other goodies.

or

Stripped down GT3 with the only important option being axle lift and (any color other than black) for ~120k with 10-15k miles. Mileage for me isnt' a big deal as long as it's not over 25k.

I think the market will settle into 115k range for stripped down ones ($130k MSRP) and goes up to 135 for fully loaded (msrp 160k+) models.

I know this is not something potential GT3 sellers want to hear but this is the way the market is headed. If you sold your car 6 months ago in spring it would have gotten closer to MSRP but with the 991.2 coming there is just too many GT3/GT4 on the market and will continue to be flooded with more cars. One of my friend's dad works at a huge dealership on the West Coast and he said that there are a lot more GT3 available than they want to take in. He also says the the .2 supply isn't going to be as tight as the previous generations so it's not going to be that difficult to get at msrp. That alone makes me wonder if I should just wait for one at msrp.

The question is....GT4 or wait for the .1 market to normalize and not be flooded with sellers who thinks they can fetch anywhere near MSRP for a car that's almost 4 years old.

mchrono

If you intend it to be a long-term relationship, get what you really want and don't settle. Ill bet you can find a .1 seller who is aware of where the market is going and is willing to make a deal accordingly. Right now, it will probably more likely wind up being a dealer, because they seem to be more in touch with what's going on (or at least not so much in denial).