Rennlist - Porsche Discussion Forums

Notices
991 GT3, GT3RS, GT2RS and 911R 2012-2019
Sponsored by:
Sponsored by:

Market Glut....GT3 and gt3rs ?

Thread Tools
 
Search this Thread
 
Old 04-17-2017, 02:15 PM
  #76  
RealityGT
Drifting
 
RealityGT's Avatar
 
Join Date: Aug 2015
Location: Taxoronto
Posts: 3,229
Received 246 Likes on 145 Posts
Default
Originally Posted by Waxer
Wouldn't say 30 for sale in the entire country of Canada is alot of cars. At least not to me.

Nor is 50 or so for sale here in U.S. alot in my book. Not a "glut" to me.

Priciing affects of the "new latest and greatest" will wane in time as as nice as it is it is a "GT3" not an "RS". Further, as ADMs of $25K+ start appearing RS prices will climb imho.

Still seeing strong pricing on RS's here.
I know this is hard for you to hear.. lol.. But 33 RS cars sitting on lots here in Canada is a lot. 14 or 16 are within 30km of my home. Everyone who truly wanted one, has one already and purchased (likely) at MSRP. No one here (in Canada) is going to pay $100k over for an RS.
RealityGT is offline  
Reply Like
Old 04-17-2017, 02:53 PM
  #77  
Jrtaylor9
Rennlist Member
 
Jrtaylor9's Avatar
 
Join Date: Aug 2012
Location: East Hampton / NYC
Posts: 3,819
Received 1,101 Likes on 545 Posts
Default
Originally Posted by RealityGT
I know this is hard for you to hear.. lol.. But 33 RS cars sitting on lots here in Canada is a lot. 14 or 16 are within 30km of my home. Everyone who truly wanted one, has one already and purchased (likely) at MSRP. No one here (in Canada) is going to pay $100k over for an RS.
They are asking even bigger markups over CAD MSRP than US market, no?
Jrtaylor9 is offline  
Reply Like
Old 04-17-2017, 05:26 PM
  #78  
RealityGT
Drifting
 
RealityGT's Avatar
 
Join Date: Aug 2015
Location: Taxoronto
Posts: 3,229
Received 246 Likes on 145 Posts
Default
Originally Posted by Jrtaylor9
They are asking even bigger markups over CAD MSRP than US market, no?
Granted that these were all used cars.. but I believe the prices were similar during the peak. The highest I saw was $150k over CAD. .. Dealers here confused themselves with CA -California, when it's CA -Canada.. lol
RealityGT is offline  
Reply Like
Old 04-17-2017, 06:22 PM
  #79  
Archimedes
Race Director
 
Archimedes's Avatar
 
Join Date: May 2015
Posts: 13,162
Received 3,872 Likes on 1,902 Posts
Default
Originally Posted by CAlexio
Sad that all these cars sit there, probably not SPECced by customers, and just wasting valuable warranty time… All for some misplaced/mispriced greedy decisions
Agreed. Pains me every time I walk past the GTSilver RS that's been sitting on my dealer's showroom floor forever. Gathering dust.
Archimedes is offline  
Reply Like
Old 04-17-2017, 07:55 PM
  #80  
Jamie140
Nordschleife Master
 
Jamie140's Avatar
 
Join Date: Sep 2003
Location: Barrie/Marco Island, fl.
Posts: 6,319
Received 794 Likes on 368 Posts
Default
Originally Posted by Jrtaylor9
They are asking even bigger markups over CAD MSRP than US market, no?
Asking and sellng are worlds apart here.

These cars have been chained to the floor for a year.
Jamie140 is online now  
Reply Like
Old 04-17-2017, 09:26 PM
  #81  
usctrojanGT3
Rennlist Member
 
usctrojanGT3's Avatar
 
Join Date: Feb 2013
Posts: 16,619
Received 4,024 Likes on 2,293 Posts
Default
Originally Posted by RealityGT
Granted that these were all used cars.. but I believe the prices were similar during the peak. The highest I saw was $150k over CAD. .. Dealers here confused themselves with CA -California, when it's CA -Canada.. lol
usctrojanGT3 is online now  
Reply Like
Old 04-17-2017, 09:37 PM
  #82  
bronson7
Nordschleife Master
 
bronson7's Avatar
 
Join Date: Nov 2014
Location: Ontario, Canada
Posts: 9,843
Likes: 0
Received 5 Likes on 5 Posts
Default
I'm not sure what to think anymore.
bronson7 is offline  
Reply Like
Old 04-17-2017, 09:43 PM
  #83  
STG
Race Director
 
STG's Avatar
 
Join Date: Nov 2014
Location: FL
Posts: 13,800
Likes: 0
Received 200 Likes on 142 Posts
Default
The 991 "collectors" will be feeling the pain soon enough.

A related article, but shows where the mindset and reality is. Peaked for now. On the decline.

http://wolfstreet.com/2017/04/17/cla...rices-decline/
STG is offline  
Reply Like
Old 04-17-2017, 10:27 PM
  #84  
Jimmy-D
Race Director
 
Jimmy-D's Avatar
 
Join Date: Mar 2014
Location: Midwest
Posts: 11,280
Received 1,457 Likes on 760 Posts
Default
Seinfeld called the market right
Jimmy-D is offline  
Reply Like
Old 04-17-2017, 10:34 PM
  #85  
STG
Race Director
 
STG's Avatar
 
Join Date: Nov 2014
Location: FL
Posts: 13,800
Likes: 0
Received 200 Likes on 142 Posts
Default
Originally Posted by Jimmy-D
Seinfeld called the market right
Yup. He'll buy back at 30%+ discount
STG is offline  
Reply Like
Old 04-18-2017, 01:24 AM
  #86  
C.J. Ichiban
Platinum Dealership
Rennlist
Site Sponsor
 
C.J. Ichiban's Avatar
 
Join Date: Sep 2005
Location: Exit Row seats
Posts: 9,798
Received 2,229 Likes on 608 Posts
Default
Originally Posted by Jimmy-D
Seinfeld called the market right
He only sold 10% of his collection max and is still buying
C.J. Ichiban is offline  
Reply Like
Old 04-18-2017, 01:45 AM
  #87  
CAlexio
Race Director
 
CAlexio's Avatar
 
Join Date: May 2013
Location: Hypercar Invitational
Posts: 10,233
Received 1,974 Likes on 917 Posts
Default
Originally Posted by C.J. Ichiban
He only sold 10% of his collection max and is still buying
Also... Seinfeld can afford to not give a flying duck about values and depreciation.. I think he actually drives his cars.
CAlexio is offline  
Reply Like
Old 04-18-2017, 07:06 AM
  #88  
rosenbergendo
Drifting
 
rosenbergendo's Avatar
 
Join Date: Mar 2006
Posts: 2,720
Received 636 Likes on 304 Posts
Default
I have been looking for a pre 74 long hood to do a Viper Green R-gruppe car. Prices have gone way down in that space and will continue to go down I believe. The times of people spending big bucks for a 911T are gone. And yes, this will also affect the "newer" collector cars such as R and possibly RS.
rosenbergendo is offline  
Reply Like
Old 04-18-2017, 08:56 AM
  #89  
Jrtaylor9
Rennlist Member
 
Jrtaylor9's Avatar
 
Join Date: Aug 2012
Location: East Hampton / NYC
Posts: 3,819
Received 1,101 Likes on 545 Posts
Default
Originally Posted by rosenbergendo
I have been looking for a pre 74 long hood to do a Viper Green R-gruppe car. Prices have gone way down in that space and will continue to go down I believe. The times of people spending big bucks for a 911T are gone. And yes, this will also affect the "newer" collector cars such as R and possibly RS.
How much do you see the LH market down? And when do you think it was its strongest?
Jrtaylor9 is offline  
Reply Like
Old 04-18-2017, 10:21 AM
  #90  
FORENN
Banned
 
FORENN's Avatar
 
Join Date: Apr 2012
Posts: 4,651
Received 666 Likes on 327 Posts
Default
Originally Posted by RealityGT
Dealers here confused themselves with CA -California, when it's CA -Canada.. lol
Lol. They must get really confused with Ontario, California.

Originally Posted by Jamie140
Asking and sellng are worlds apart here.

These cars have been chained to the floor for a year.
So true, Jamie. The main difference is Asking means absolutely nothing.

Originally Posted by CAlexio
Sad that all these cars sit there, probably not SPECced by customers, and just wasting valuable warranty time. All for some misplaced/mispriced greedy decisions
Indeed. The combination of greed and stubbornness can be costly.
FORENN is offline  
Reply Like



Advanced Search
Quick Reply: Market Glut....GT3 and gt3rs ?


Reply Closed Thread Share
Forum Jump

All times are GMT -3. The time now is 02:30 PM.