The 991 GT3/RS Cars For Sale Thread...
#2146
Rennlist Member
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michaeldorian (05-02-2021)
#2147
Rennlist Member
Bunch of theories but who really knows. The market is flooded with cash with stimulus checks, reopened businesses and jobs (unused vacation money?). Everyone is on a buying frenzy. Homes, cars, etc. The chip and new car supply shortage doesn't help, but I don't know if I really buy into this. I've seen plenty of new cars on dealer lots. Used car market is 20-20% overpriced right now. I don't think this has ever happened in history.
#2148
Banned
#2149
Another question is, where can you drive it? Will you be covered going to cars and coffee? Can you take a weekend drive up somewhere and stay at a hotel? The answers to these are far from straightforward and makes the whole insurance decision quite tricky..
#2150
For starters, you will need to keep the car garaged at all times - so even if you pull the car out for 5 minutes to clean the garage and something happens to it, you may not be covered.
Another question is, where can you drive it? Will you be covered going to cars and coffee? Can you take a weekend drive up somewhere and stay at a hotel? The answers to these are far from straightforward and makes the whole insurance decision quite tricky..
Another question is, where can you drive it? Will you be covered going to cars and coffee? Can you take a weekend drive up somewhere and stay at a hotel? The answers to these are far from straightforward and makes the whole insurance decision quite tricky..
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indigo4298 (05-01-2021)
#2151
PTS Olive Green manual .2 GT3 with 4500 miles. CPO, PCCB, buckets, FAL, LED’s, and full leather with deviated yellow stitching. $189k original MSRP. Asking price is $200k.
https://www.cars.com/vehicledetail/d...1668/overview/
VIN: WP0AC2A9XJS176161
https://www.cars.com/vehicledetail/d...1668/overview/
VIN: WP0AC2A9XJS176161
Last edited by Ksdaoski; 05-01-2021 at 08:15 AM.
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michaeldorian (05-03-2021),
whojoemama (05-02-2021)
#2153
Rennlist Member
Curious because I have a .1 GT3 in PTS Ice Blue that's supposedly the only 1 in NA in the 991 generation and wondering what that premium could be (if any!). These prices are tempting for sure...
#2154
Race Car
Friend of mine is looking for a 991 Speedster to drive. If you know of one, PM me. Not interested in Heritage.
#2155
RL Community Team
Rennlist Member
Rennlist Member
Used 992s are being sold with a markup above MSRP.
#2156
1. 992 supply is lower than normal due to Covid driven reasons - chips etc...
2. 911 demand in general is up due to people having extra money & time
3. buyers can’t get immediate satisfaction with a 992 purchase so they have to look at used, previous generations.
The above creates some interesting pricing dynamics and purchase behavior. If a 992 S with some options costs $140 msrp, then a GT3 can be priced well above that because of its image.
now, your a dealer that doesn’t have any 992s to sell, what are you going to do? You don’t have the volume to make $ by selling sub msrp new 992s like you would in a normal world so you get your hands on as many 991s as you can and push the price up.
Notice how there are what feels like a sudden surge in GT3s and RSs on the market? What could be happening here is that people are getting solid offers from dealers, well above what they would have been offered in normal times, and are taking advantage of it.
Additionally, I bet a lot of dealers are dangling a 992 allocation on the condition of an early trade in of your current GT3.
again, all speculation but...
#2157
Rennlist Member
purely speculation but...
1. 992 supply is lower than normal due to Covid driven reasons - chips etc...
2. 911 demand in general is up due to people having extra money & time
3. buyers can’t get immediate satisfaction with a 992 purchase so they have to look at used, previous generations.
The above creates some interesting pricing dynamics and purchase behavior. If a 992 S with some options costs $140 msrp, then a GT3 can be priced well above that because of its image.
now, your a dealer that doesn’t have any 992s to sell, what are you going to do? You don’t have the volume to make $ by selling sub msrp new 992s like you would in a normal world so you get your hands on as many 991s as you can and push the price up.
Notice how there are what feels like a sudden surge in GT3s and RSs on the market? What could be happening here is that people are getting solid offers from dealers, well above what they would have been offered in normal times, and are taking advantage of it.
Additionally, I bet a lot of dealers are dangling a 992 allocation on the condition of an early trade in of your current GT3.
again, all speculation but...
1. 992 supply is lower than normal due to Covid driven reasons - chips etc...
2. 911 demand in general is up due to people having extra money & time
3. buyers can’t get immediate satisfaction with a 992 purchase so they have to look at used, previous generations.
The above creates some interesting pricing dynamics and purchase behavior. If a 992 S with some options costs $140 msrp, then a GT3 can be priced well above that because of its image.
now, your a dealer that doesn’t have any 992s to sell, what are you going to do? You don’t have the volume to make $ by selling sub msrp new 992s like you would in a normal world so you get your hands on as many 991s as you can and push the price up.
Notice how there are what feels like a sudden surge in GT3s and RSs on the market? What could be happening here is that people are getting solid offers from dealers, well above what they would have been offered in normal times, and are taking advantage of it.
Additionally, I bet a lot of dealers are dangling a 992 allocation on the condition of an early trade in of your current GT3.
again, all speculation but...
#2158
Instructor
PTS Slate Grey Touring with 3800 miles on Pcarmarket. PCCB, 18-way sofas, FAL, LED’s, full leather, and $11k in CXX options. $204k original MSRP.
https://www.pcarmarket.com/auction/2...1-gt3-touring/
VIN: WP0AC2A9XJS176712
https://www.pcarmarket.com/auction/2...1-gt3-touring/
VIN: WP0AC2A9XJS176712
#2159
Rennlist Member
purely speculation but...
1. 992 supply is lower than normal due to Covid driven reasons - chips etc...
2. 911 demand in general is up due to people having extra money & time
3. buyers can’t get immediate satisfaction with a 992 purchase so they have to look at used, previous generations.
.
1. 992 supply is lower than normal due to Covid driven reasons - chips etc...
2. 911 demand in general is up due to people having extra money & time
3. buyers can’t get immediate satisfaction with a 992 purchase so they have to look at used, previous generations.
.
Anecdotally, I would like to think it may have started with a consignment sale of a niche product, like a PTS touring or something of the like. They didn't have to buy it into inventory, but slapped a high asking number to see what would happen and then a domino effect followed. Other brokers followed suit and eventually dealers get into the mix by getting transactions now in promise of future units. This eventually trickled down to private party transactions and other trims.
While not a GT car, I saw it first hand yesterday with a buddy selling a Civic Type R. Posted online and within minutes, an actual Honda Dealer an hour away contacted him and immediately sent a flatbed out to fetch it - no fuss on his high'ish asking price, didn't matter. They need inventory.
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michaeldorian (05-02-2021)
#2160
Rennlist Member
My personal speculation is a function of all the above, but with an added element of the dealers and brokers initially driving up the second-hand market just so they can have any activity at all. Can't really have much of a business if there are no widgets to sell. Short answer is supply, but with an added element.
Anecdotally, I would like to think it may have started with a consignment sale of a niche product, like a PTS touring or something of the like. They didn't have to buy it into inventory, but slapped a high asking number to see what would happen and then a domino effect followed. Other brokers followed suit and eventually dealers get into the mix by getting transactions now in promise of future units. This eventually trickled down to private party transactions and other trims.
While not a GT car, I saw it first hand yesterday with a buddy selling a Civic Type R. Posted online and within minutes, an actual Honda Dealer an hour away contacted him and immediately sent a flatbed out to fetch it - no fuss on his high'ish asking price, didn't matter. They need inventory.
Anecdotally, I would like to think it may have started with a consignment sale of a niche product, like a PTS touring or something of the like. They didn't have to buy it into inventory, but slapped a high asking number to see what would happen and then a domino effect followed. Other brokers followed suit and eventually dealers get into the mix by getting transactions now in promise of future units. This eventually trickled down to private party transactions and other trims.
While not a GT car, I saw it first hand yesterday with a buddy selling a Civic Type R. Posted online and within minutes, an actual Honda Dealer an hour away contacted him and immediately sent a flatbed out to fetch it - no fuss on his high'ish asking price, didn't matter. They need inventory.
Prices being driven up at the wholesale level 1-2% a week.
Last edited by michaeldorian; 05-02-2021 at 03:17 PM.