Reality Check: GT3 Market Experience
04-19-2017, 08:00 PM
#76
Race Director
Sometimes it's worth taking a step back and considering that the bottom price can also be defined by how the .1GT3 drives. On the forums we get so hung up about top end rebuilds, PDK only, etc. but at the end of the day it drives fantastically and is truly a great car. If price drops off msrp like normal cars do because of a black eye or people chasing the latest and greatest who cares?
Most people that buy these cars are smart enough to know it's a toy and not an investment and should be valued based on how many smiles it gives and how much it makes your heart race, even if it can't be sold at msrp with the latest car being announced.
Most people that buy these cars are smart enough to know it's a toy and not an investment and should be valued based on how many smiles it gives and how much it makes your heart race, even if it can't be sold at msrp with the latest car being announced.
04-19-2017, 11:05 PM
#78
RL Community Team
Rennlist Member
Rennlist Member
Here is a classic example of doom and gloom. The infamous IMS bearing failure in the 996's. We've probably all heard about it. A poll done on this site shows 90% of owners have had no issues. That was based on 900 responses. Yet whenever the 996's are talked about...IMS failure!
Heck, over 80% of people here have had no issues with the top end. Yet, like the IMS bearing issue, people just assume it is only a matter of time before it happens. Just drive the damn things.
Heck, over 80% of people here have had no issues with the top end. Yet, like the IMS bearing issue, people just assume it is only a matter of time before it happens. Just drive the damn things.
04-19-2017, 11:29 PM
#79
Drifting
This place is starting to read like a Ferrari forum.
Porsche is a mass produced full line factory - volume talks bs walks the mgmt actually have very little love for the GT3 RS 918 lots of wasted time on very little return.
Porsche is a mass produced full line factory - volume talks bs walks the mgmt actually have very little love for the GT3 RS 918 lots of wasted time on very little return.
Last edited by nuvolari612; 04-20-2017 at 12:21 AM.
04-20-2017, 10:39 AM
#80
Rennlist Member
I would not entirely agree with that, most automotive companies have a halo car of some description to create interest and excitement in the brand - examples, Ford GT, Lexus LFA, Acura NSX etc.
04-20-2017, 10:45 AM
#81
Race Director
Porsche is an engineering company. The time they spend on the 918, GT3, RS, etc. migrate down to the rest of the line. The effort spent there is the tip of the Porsche sword.
04-20-2017, 05:24 PM
#82
Pro
Yep. Guy walks into a Porsche dealership. Two GT3's are side by side. One a 991.2 for $200k, the other a 991.1 for $160k. Guy looks at both, notices very little difference, probably even finds the .1 prettier, and asks what the difference is? One has slightly more power, might have the manual, which this guy doesn't want, and costs $40k more. Both have warranties. This isn't rocket science.
And this scenario assumes there is even a .2 available, not to mention the dealer might be asking well north of $200k. This is where prices are set. Not on forums.
And this scenario assumes there is even a .2 available, not to mention the dealer might be asking well north of $200k. This is where prices are set. Not on forums.
This is the scenario that will play out.
Its just like the 991.1 Turbo now.
04-20-2017, 07:13 PM
#83
Rennlist Member
Sold my PTS 2015 late last year back to my dealer for MSRP. I did that when I started seeing a few cars pop on Rennslist dropping prices and low interest.
I had the car for a year, put 5K miles and was happy with that and wanted something different. But even in CA, the 991 GT3 market is saturated. To get close to MSRP, you need 2015+ and PTS and buckets and under 5k miles. Anything else is going to sell for 15-20% below.
I think this fair and reasonable. The 991 sold so well because of PDK and performance for $. It opened up the car to a bunch of new people who don't track at all. Well, these people can also dump cars quickly and see 15-20% on a 2 year car as nothing. 997 GT3s have been all over the place over the last 5 years. We will continue to see 991.1s drop because Porsche is going to make good mount of 991.2s and people will upgrade.
We know this from Ferrari and luxury watches, control volume and distribution and you will create propped up values. Sorry, but there are and going to be a lot of GT3s.
I had the car for a year, put 5K miles and was happy with that and wanted something different. But even in CA, the 991 GT3 market is saturated. To get close to MSRP, you need 2015+ and PTS and buckets and under 5k miles. Anything else is going to sell for 15-20% below.
I think this fair and reasonable. The 991 sold so well because of PDK and performance for $. It opened up the car to a bunch of new people who don't track at all. Well, these people can also dump cars quickly and see 15-20% on a 2 year car as nothing. 997 GT3s have been all over the place over the last 5 years. We will continue to see 991.1s drop because Porsche is going to make good mount of 991.2s and people will upgrade.
We know this from Ferrari and luxury watches, control volume and distribution and you will create propped up values. Sorry, but there are and going to be a lot of GT3s.
04-20-2017, 07:47 PM
#84
04-20-2017, 07:49 PM
#85
Race Director
04-20-2017, 08:01 PM
#86
Pro
04-20-2017, 08:06 PM
#87
Race Director
04-20-2017, 08:09 PM
#88
Pro
I dont blame anyone one either but when my dealer called me and said 40k-50k over sticker I respectfully declined.
And thats not a guaranteed manual transmission.
04-20-2017, 08:16 PM
#89
Well if one is a time bomb and the other is not, it very well could, but that wasn't my contention. You're comparing a brand new, specd the way you want it, full warranty, new car with a new motor, tweaked suspension, steering, PDK and new PCM, to a used, i have no idea if abused, car with the old (potentially troublesome) motor, none of the new tweaks and a chunk of its warranty gone. Yes, to some buyers, myself included, that could easily be $40k worth of value difference.
04-20-2017, 08:20 PM
#90
Race Director
1. Low mileage Hellcat?
2. Higher mileage 1994 Supra?
3. Spec Miata and enclosed trailer and a few sets of tires?
4. New GT3 engine?
5. Spend 6 months hitting awesome tracks around the country?
They aren't talking to me either, suggesting I blow that kind of coin to be the first on the block. MSRP makes sense. Maybe $5k over. That's it - for me.