View Poll Results: Is the video right?
Video is right, price to stagnate or drop
56
63.64%
Video is wrong, price to keep raising
32
36.36%
Voters: 88. You may not vote on this poll
GT3 price speculation going forward
#16
#17
Instructor
We've always had and will always have inflation, but oddly enough cars never appreciated in value before. But for the sake of argument let take the latest CPI data of 7% that justifies the 40-50% increase these cars have already seen? Has the dollar lost half its buying power? 70%? 80%? 90%?
Not to mention we will find out in 10 hours if the taper will end and rates go up in January (unlikely) or stay the course for first increase in march. One way or another rates are going up and inflation will be "transitory"
You can only blame the fed for so much, the rest is greed and stupidity. The car market is a joke the same way all the memes stocks from the late 2020 early 2021 (GME, AMC, NKLA, ETC)
Not to mention we will find out in 10 hours if the taper will end and rates go up in January (unlikely) or stay the course for first increase in march. One way or another rates are going up and inflation will be "transitory"
You can only blame the fed for so much, the rest is greed and stupidity. The car market is a joke the same way all the memes stocks from the late 2020 early 2021 (GME, AMC, NKLA, ETC)
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AlexCeres (01-26-2022)
#18
Not going to be a economic scientist, but I think you can’t discount the “Covid” impact the world financials are unstable. Look at it like this summer 2020 cars were all cheap, and yes GT cars on the used market were discounted or good finds MSRP people were losing jobs sh%t was closing people moving debt planning for the worst. Late mid-2021 hey “Covid” is over, I have all this vacation money and this I can have my life back ………cars, houses, boats are jumping like fish in a barrel with no bait.
Now you have more buyers in the market …….ummmmmm “Covid” is still here and frontline workers that make “stuff” cars, boats, food, shipping you get the point too much “WHIP” in queue to meet the demand. Sellers I lost my *** in 2020, and I need to recoup what I lost and I don’t know how much more supply I can get BOOM cheap money ADM cost you nothing to ask for it. Why I say this before I retired at 52, I sat at the table where we removed 20k workers off the books with 3B in retirement plans and early outs that were sweet. Year later demand went through the roof, and guess what we let 20k go because it was dooms day, and there’s not enough workers to get back to 2019 levels. Millions of US workers 4Q21 just said I don’t want to work, and I want more money or more work from home ……big companies have to lift and shift to change the work/life balance proposition. Can’t ignore what a 100 year pandemic has done to the financial ecosystem it’s broken, and hope we’re out of the woods soon. I do think many are buying at the peak like 2007/2008, and will be stuck holding the bag …..now guys with real money it’s a cold, and the fake money they will be selling if it gets bad because corporate financials are in the dumpster. This has nothing to do with the FED in my view no one alive has experience with a 100 year pandemic, and they’re throwing anything at they think will stick. I cashed out, and will watch from the sidelines, this is just my 2 cents as it feels like 2008 to me and I could be wrong?? Stock market is not a tool to gauge the economy look at Game Stock and a few other dumb companies worth billions, and a correction will right size the foolishness. By the way add ….I just watched this, and his timelines correlates to the up and down cycle of car pricing which falls in line with my Covid hypothesis. I actually enjoyed it and watched the full 16 minutes …….my theory when you buy cars call it sunk cost and your feelings don’t get hurt just don’t use your kids college fund on secondary toys.
Now you have more buyers in the market …….ummmmmm “Covid” is still here and frontline workers that make “stuff” cars, boats, food, shipping you get the point too much “WHIP” in queue to meet the demand. Sellers I lost my *** in 2020, and I need to recoup what I lost and I don’t know how much more supply I can get BOOM cheap money ADM cost you nothing to ask for it. Why I say this before I retired at 52, I sat at the table where we removed 20k workers off the books with 3B in retirement plans and early outs that were sweet. Year later demand went through the roof, and guess what we let 20k go because it was dooms day, and there’s not enough workers to get back to 2019 levels. Millions of US workers 4Q21 just said I don’t want to work, and I want more money or more work from home ……big companies have to lift and shift to change the work/life balance proposition. Can’t ignore what a 100 year pandemic has done to the financial ecosystem it’s broken, and hope we’re out of the woods soon. I do think many are buying at the peak like 2007/2008, and will be stuck holding the bag …..now guys with real money it’s a cold, and the fake money they will be selling if it gets bad because corporate financials are in the dumpster. This has nothing to do with the FED in my view no one alive has experience with a 100 year pandemic, and they’re throwing anything at they think will stick. I cashed out, and will watch from the sidelines, this is just my 2 cents as it feels like 2008 to me and I could be wrong?? Stock market is not a tool to gauge the economy look at Game Stock and a few other dumb companies worth billions, and a correction will right size the foolishness. By the way add ….I just watched this, and his timelines correlates to the up and down cycle of car pricing which falls in line with my Covid hypothesis. I actually enjoyed it and watched the full 16 minutes …….my theory when you buy cars call it sunk cost and your feelings don’t get hurt just don’t use your kids college fund on secondary toys.
Last edited by Maverick787; 01-26-2022 at 10:58 AM.
#19
Rennlist Member
I'm not a financial analyst, but I expect the current stock market correction will pull down GT car prices in the short term, and when chips and 992s and 718 GT4s become more available, the used market will adjust again.
#20
In normal times, 70% of discretionary funds are used on entertainment, not goods (I know everyone is going to use the point that a GT3 is entertaining). With the majority of entertainment unable to be done (international travel is still very small, concerts, movies, etc), people have shifted their spend to goods. At some point, that shift will get back to some semblance of normalcy and goods will see a hit.
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parkway (01-29-2022)
#21
RL Community Team
Rennlist Member
Rennlist Member
1. It's only worth what someone will pay for it.
2. Supply and demand
2. Supply and demand
#22
Rennlist Member
Reality is, these price/value threads exist because everyone wants a GT3. NA screamers are not going to be made anymore very soon. A GT3 is a long term, if not lifetime car. Value is immaterial for most "real" (not buying as an investment) buyers. I personally don't care what my GT3 is worth 2 or 10 years from now, because there is no substitute for a GT3 and life is short. If you can afford it, buy it.
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#23
Rennlist Member
All I know is, mine has been doing a lot better since November than my 401k. And it's way more fun to drive.
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#25
Rennlist Member
I have always thought the angle of your avatar is the best angle of the 991.2 @bwhip , but after seeing the 992, maybe I love the front of mine as much as the rear not bagging on the 992 GT3, just finding the 991.2 GT3 is going to age well.
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#26
Burning Brakes
I have always thought the angle of your avatar is the best angle of the 991.2 @bwhip , but after seeing the 992, maybe I love the front of mine as much as the rear not bagging on the 992 GT3, just finding the 991.2 GT3 is going to age well.
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17bhub (01-28-2022)
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#28
Rennlist Member
I decided to blingify mine a bit
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#30
But more buyers and fewer speculators now are in the 991.2 GT3 market , so they conclude that prices should stabilize
Great presentation on opinion of where this model is in the market
https://www.youtube.com/watch?v=GTV1qK8ZlZ0
Great presentation on opinion of where this model is in the market
https://www.youtube.com/watch?v=GTV1qK8ZlZ0