unluckydrawer

God Tier trade still belongs to Randy who sold his 991.2 GT3 for 991.2 GT3 RS pricing jajajaja




kekekeke dis is exactly why I type like dis
to rub ppl da wrong wey
even doh it takes me 10x longer to type 😂

Randy M

My GT3 sold for what it was worth. The new owner is over the moon. He purchased the very best GT3 that was available on the market...

mcsmcs1

Under 3,000 miles

jcannon

^^^ I bet new dealer price would be around $155

Mrrdstr

Can’t wait for your 992 GT3 feedback 👍 congrats on the inbound car

mcsmcs1

I will look and let you know what they list it for. Nothing yet

mcsmcs1

It's working!

3-Pedals

A 126 mile 992 GT3 went RNM today for less than $16k over msrp in BAT. The same car would have gone for at least $45k more in september and a lot more even before then.

If you are in the market for any car, I would wait for the bottom. I have heard from my friends who work at various Porsche/BMW/Audi dealers across the country that an alarming number of people are not able qualify for financing for 6 figure car purchases. People walk in to sign for their long waited 911, but financing doesnt come through and lots of people having second thoughts withdrawing $200,000 from their account when T-Bills are at over 5.15% return. Not a very interesting prospect to go from making $10,000/year on interest to pay more of that to the bank for a sports car. I know…. i know…. Real men buys GT3 all in cash but you should see the big picture. In each transaction (including buying shoes or milk), you have a buyer and a seller. Sellers in this case are growing more and more cash desperate because their life isnt all about selling GT3s. Cars sitting in their lots mean massive “flooring charges” (interest paid to their bank because they borrow money themselves to finance their inventory). If fed keeps these rates where they are for 6 more months, you may start seeing desperate fire sales.

I know for some (who most likely paid ADM thinking these cars are like investments or who are dealer staff who hide in plain sight here as “influencers”) this isnt what you want to hear. But for the true audience of this thread (people who are looking to buy a GT3), I’d wait and wait a bit more.

atlrvr

Why not use the example where we know what it did sell for last September?

992 GT3T sold $258k + fees yesterday
https://bringatrailer.com/listing/20...t3-touring-32/

Exact same car was auctioned last September and sold for $11k less then than yesterday.
https://www.pcarmarket.com/auction/2...gt3-touring-1/

Maybe evidence of market now up 5% since last September?

Not saying that's true, just that it's really easy to find anecdotes to support whatever position your biased to hold.

3-Pedals

The same car did NOT auction in the same place though if we are being all factual and objective. We know BAT historically fetches more as it gets more traffic and more exposure to a broader market (and I am not defending BAT here, just stating my observation).

Here you go. This car is worse spec imo, much higher miles, and went for $50k over:

https://bringatrailer.com/listing/2022-porsche-gt3-10/

atlrvr

Waaaaait. So your argument is that the Yellow GT3 declined by 12% in value since September based on your hunch of what it was worth then, is more valid than actual repeat transaction of the same car, just because in your hypothetical transaction, that seller would have been smart enough to use BAT ?

Really???
​​​​​
You can claim that with a straight enough face while also incessantly lecturing everyone on how they should play the GT3 market.

If you really believe there is a 17% value gap between the 2 platforms, I think you just identified the arbitrage strategy that will make you enough money that you never think about price directionality on GT3's again.

Sorry to others for the rant, just frustrated that once again this thread is polluted by people sharing market views instead of solid leads on cars they might think other RLers would fund appealing.

3-Pedals

There is no hunch. I linked an auction with a similar if not worse spec that went for a lot more. Did you care to look at the white GT3 BAT result?

By the way do you own a GT3 or looking to buy one?

atlrvr

Own a 991 GT3

3-Pedals

You see, you own a GT3 and I am looking to buy a GT3 (I also own a GT3RS but that's besides the point). You are a speculator (in the markets/wall street terminology) who does not benefit from any of what's going on as the market trend isn't to your advantage while the reverse is true for me. Every RNM means lower prices are in the horizon and round and round we go.

That being said, I think as a person who is looking to buy a GT3, what I post is a bit more relevant here - particularly to this thread than your personal feelings on the matter.

3-Pedals

Also would like to add, I am subscribed to the same "GT3" search in cars.com/autotrader for the last 5 years (2018-2019, GT3, manual transmission, nationwide is my search criteria). Including the period right after COVID (which was the weakest market in my opinion), when I search my e-mails for "price drop" alerts, never before I have received so many price reduction e-mails on GT3s. I now seem to be getting these multiple times a week. Now before anyone gets too excited, this does not mean the prices are back to 2020 levels. It just means they are having pretty severe reductions from their inflated levels last year.