Big Swole

And some of us can barely afford the used older versions we worked so hard and long to be able to afford, that we don't have to worry about how good the newer and other vehicles are...lol.

I'm blessed and thankful for sure, however, I dream of owning other stuff daily...I can't stay off of BAT...lol

To Pb Pedis' point, I'm also thankful my 17' TTS is still worth what I paid for it or maybe a bit more due to the brands reputation!!

1CEBITN

There's a lot going on right now with both the US and global economy. There's also a supply/demand component. I think inflation and the corresponding drop in stock market last year was a perfect financial storm for folks who were relying on their brokerage accounts for purchasing power and that likely caused a lot of exotic car owners to sell what they could while used car values were relatively high instead of selling equities which were taking a 20%+ beating. That increased the supply above demand which ticked down due to rising interest rates. When supply outweighs demand we all know prices drop. Those with money can always afford these cars so they are typically recession proof but not when you get tons of them flooding the market around the same time. If Porsche stops making ICE cars in the next 5-years or goes 100% hybrid I think we'll see an uptick in demand and prices for our cars. The 992s are going for more than most want to spend so they look at the 991s instead. It's not just the Porsche market though. I sold my C7 Z06 a year ago for $20k more than I paid for it after driving it for 3 years because Chevy decided to stop making manuals and was making so few C8s nobody could get one anywhere near MSRP. They sold new C7 Z06's at invoice price pre-covid. You think markup on Porsches is bad, would you pay $50k+ over sticker for a used C8 Stingray (not a Z06, those are even worse)? That stuff drives values up for the used car market and allowed me to get into my dream car.

When I bought mine a year ago it was the least expensive 991.2 TTS in the US but there were less than a dozen for sale nationwide at that time also. They're selling for $20k less with similar miles now but I've gotten to enjoy the car for the last 12 months so I think it's a better than even trade. I think the market will stabilize over time but might be a few years with our economy and an election next year. I'd be ecstatic if I can drive my car for 3-5 years and sell it for 90% of what I paid for it with 10k more miles than when I bought it. Not many cars in this price range that would provide that low level of depreciation but that really depends on how crazy our government goes with EV requirements, gas taxes to force you out of an ICE, or other regulatory changes we can't control and don't see coming. If you can't drive them on the road10 years from now, for example, that will drastically reduce the demand.

gbakerge

Hi everyone,
I've been curious to quantify how the market has changed over the last year. I updated some of the same analytics I've shared before (with all the same assumptions and flaws...lol). I've done the 991.2s only this time, as you can see the market is definitely down from one year ago. I hope this is helpful for those wanting to buy or sell. As normal, if you want to know the rough value of your car, just plug in your mileage into the "X" in the equation below for the December 2023 date.

mffarrell

Nice job, thanks!

RSBro

Mine is an '18, but even in between the 17/19 years, I'm under 15k miles and still under CPO, and according to this I've only lost around $3-4k on my purchase in my 14 months and about 5k miles of ownership. Seems like a $1000/1000 miles depreciation hit, kinda/sorta, using 'easy' math. Interesting for sure!
I love my Turbo so much. It's taken me a while to appreciate the jump from my .1 C2, but, every day I drive it I fall more in love.