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991.2 GT3 prices!? WOW!

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Old 06-11-2021, 11:18 AM
  #106  
Perimeter
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A Touring is being parted out as it has been destroyed ?
https://rennlist.com/forums/market/1208025
Old 06-11-2021, 11:26 AM
  #107  
Bartleby7334
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Last edited by Bartleby7334; 06-11-2021 at 11:28 AM.
Old 06-11-2021, 11:54 AM
  #108  
gmorat
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IMO Chip and other supply chain caused shortages will be alleviated and car lots will be full soon enough. We'll be back to dealers undercutting each other for sales. Obviously Porsche is a slightly different market but no availability of new cars is keeping prices of used cars up regardless.

The thing that complicates things with things like the 992 GT3/Touring/RS is the ability to only produce a certain number of cars which is probably less than demand for said car.

I think that people who bought cars at the very top of the market will be affected but in my defense, I know nothing.
Old 06-11-2021, 03:54 PM
  #109  
Brian Himmelman
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Originally Posted by Dub911
That's disappointing, I was considering ordering a set.
i put ceramic coating on mine when new 14000 kms and like new ... love the look
Old 06-11-2021, 05:13 PM
  #110  
911dude41
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I will pay for your listing if you legitimately post your 991 GT3 for $1,000,000.00

Old 06-11-2021, 05:48 PM
  #111  
Brian Himmelman
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Originally Posted by 911dude41
I will pay for your listing if you legitimately post your 991 GT3 for $1,000,000.00

no no more ridiculous post a Turbo S for $400K !!!! That would be even more crazy as the depreciate like rocks

Last edited by Brian Himmelman; 06-11-2021 at 05:49 PM.
Old 06-11-2021, 05:52 PM
  #112  
911dude41
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Originally Posted by Brian Himmelman
no no more ridiculous post a Turbo S for $400K !!!! That would be even more crazy as the depreciate like rocks
I'm up on mine, after I bought that POS depreciated pebble... Who knew? The little pebble that could.
Old 06-11-2021, 06:03 PM
  #113  
Brian Himmelman
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Originally Posted by 911dude41
I'm up on mine, after I bought that POS depreciated pebble... Who knew? The little pebble that could.
jus mess’n ; ) ... let the good times roll !!
Old 06-11-2021, 06:09 PM
  #114  
911dude41
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Originally Posted by Brian Himmelman
jus mess’n ; ) ... let the good times roll !!
Seriously! I'm in all honesty happy for my fellow rennlisters... I want to laugh at the dealers and the market. I wish everyone listed their 911's for outrageously stupid prices so I can sit behind my computer and laugh.
Old 06-11-2021, 06:22 PM
  #115  
Marv
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Originally Posted by exit87
I think prices are locked high and will only get higher for high quality relatively low production unique high performance ICE cars. By 2030 there won’t be any new gas powered Porsches available for sale at the dealership, 911s will be the last to leave production.. at this point prices will really go through the roof as the EV revolution sets in and production is completely over for gas powered cars. These cars will only become more and more valuable. For the first time ever specific gas powered cars are becoming a good financial investment! Lol. But honestly I think it’s true. We’ll see.
Yes and no. If you think gas is expensive now, just imagine what you will pay in about 10 years when demand goes down and filling stations and suppliers start disappearing.

I know that we like to think that our cars will become very collectable like the '73 RS, but I think that paradigm is changing fast. In twenty years there will be a glut of static museum cars. You can't drive them, but you will have the exciting luxury of washing and polishing them every six months whether they need it or not.
Old 06-12-2021, 01:11 AM
  #116  
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Originally Posted by Marv
Yes and no. If you think gas is expensive now, just imagine what you will pay in about 10 years when demand goes down and filling stations and suppliers start disappearing.
It's going to be more than 10 years before gas stations start disappearing. When demand starts to drop, we may see the opposite as capacity will exceed demand. Of course those that want to save us from the awful ICEs will also likely try jacking up the taxes on gas, so that is a wild card.
Old 06-13-2021, 12:31 AM
  #117  
maroli
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Originally Posted by horns
Prices will eventually drop to more reasonable levels, but production capacity isn't going to dramatically increase to replace all the lost production over night. Even when the 992 cars start arriving, the market isn't going to suddenly be flooded with them. I drove by a Porsche dealer the other day that usually has around 70-80 new cars on the ground. They had single digit new cars. The dealer I buy from told me they don't expect some relief until at least end of summer. If you want a new 911 this summer,, options will be much more limited than in the past. It's going to take time for the supply to catch back up.
This is correct, I would say it takes at least a year to correct and prices (across the board, not GT3s which based on how many are for sale now, will be a lot quicker) to go back to pre-pandemic levels. That's the minimum in my mind and I think it's more like 2-3 years. Prices are more sticky downwards than upwards (econ 101) and it will take a lease cycle for the market to be flooded again. Most leases are 2-3 years. But it will certainly get flooded again because of the flood of new orders the pandemic created. I'm not arguing that wealth wasn't created during the pandemic with the asset prices shooting up across the board but that wealth is finite; once you spend it, it's gone (like PPP) and without continued runaway asset inflation, it's not replenishing. That's why I find it funny when people on this forum declare this the 'new normal', what they're actually saying is that inflation and wealth creation will continue at the exact same pace it did through the pandemic into perpetuity which has literally never happened in history without a bust. But I'm sure a worldwide pandemic somehow changed the entire composition of the world economy because....well, I'm not sure why, maybe they can enlighten us.
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Old 06-13-2021, 08:19 AM
  #118  
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Originally Posted by maroli
But I'm sure a worldwide pandemic somehow changed the entire composition of the world economy because....well, I'm not sure why, maybe they can enlighten us.
Anecdotal, I know… but something does seem to have changed. I’m old fashioned and used to be a ‘cash’ only type

Post-pandemic visits to two Ballparks (one east, one west coast) no cash transactions anymore: all food purchases etc are done via phone apps, and eCash (credit card, Apple Pay).

Several restaurants I visited while traveling recently also no longer print menus (scan a QR code and order online from your table, server brings food) and were doing MAMMOTH takeout volume as well. No more manual order taking, no more making change, no more ‘manning’ the register.
Old 06-13-2021, 10:29 AM
  #119  
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Originally Posted by Marv
Yes and no. If you think gas is expensive now, just imagine what you will pay in about 10 years when demand goes down and filling stations and suppliers start disappearing.

I know that we like to think that our cars will become very collectable like the '73 RS, but I think that paradigm is changing fast. In twenty years there will be a glut of static museum cars. You can't drive them, but you will have the exciting luxury of washing and polishing them every six months whether they need it or not.
I believe this is a very possible scenario. The automobile as a symbol of independence and freedom is increasingly passé among the general population, and anti-social in some quarters (which is not really new).
Old 06-13-2021, 10:44 AM
  #120  
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Last edited by maroli; 06-13-2021 at 10:46 AM.


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