spiderv6

It seems like every day there is a new thread on here talking about the high value of used cars, or the crazy asks for GTS, or my dealer offered me crazy money to trade........

Surely that's a sign that there is a bubble, and bubbles always burst. Right?

I am the Walrus

Let me look into my Crystal bubble

shake1

My theory is that prices are temporarily inflated due to the stock market performance over the recent years = more disposable income. I think resale prices / depreciation on the 991.1 will normalize very soon but who knows when...perhaps whenever the 992 starts hitting showrooms.

I've only been observing the used 911 market for the past year. For those of you serial 911 owners with more knowledge and wisdom, are these cycles typical?

STG

It's bigger than the 991.1

Geez, look at the GT cars and ALL older 911's and everything else around you. The 991.1's are nothing compared to that circus. Not to mention, the whole car market and most everything collectible.

When the 991.1 and ALL car bubbles burst it will be with the stock market and everything else going down with it. Don't think it's that far off.

PantsFire

Used prices have more to do with leasing, and it is something to be wary of.

This guy knows whats up: https://twitter.com/DRuizG80

Johnny5Alive

Well if the stock market is a leading indicator as mentioned, we know from history that the market corrects every 7 years. And the strongest market rallies occur the 1-2 years after. Last correction was in 2008-2009.

What did the values of 993's etc do in 2008-2009? By comparison did they go up considerably in 2010?

i think cars should just be expected to depreciate, and if values hold or go up it should be a huge surprise.

Dude174

Yes it will - look at the e92 M3, c6 Z06 (both the last of their kind) - stayed strong until new models were out in decent numbers.

Of course the best long term plan if you think they will be a collectible is buy on the dip. Like the c5 Z06 or decent E46 M3's (the real last of the last NA real m3). There's always a last of the "real". I think any well preserved Porsche will be a decent long term ownership experience - who would've thought 914 and 944 would come back?!

Hurricane

They will drop more when the 992 comes out...

LexVan

Well, I have no idea, nor concern, but, I'm starting to learn to speak Korean from Rosetta Stone.

visitador

My theory: Based on what Porsche's NA CEO said - 991.2 are purposefully set under demand. 997.2 used market has high demand (some think it is the correct 911 size)

Soooo 991.1 cars are not depreciating as much since there are now more buyers than sellers

trysixty

Being the last of the Carrera NA, 991.1 values will stay higher. Look at the demand for the last of the air cooled engines!! The .2 twin vacuum cleaners just turn a lot of non millennium's off.

Selo

Can't predict if or when the bubble will burst, but when it comes to Which models will eventually be decent long-term Investments, I think the only Porsches that will not be good are models with poor Aesthetics or poor performance. The 996 simply doesn't look very good, so the performance can be had for a low price. Similarly, Porsche has made cars over the years such as the 914 and 924, as well as the base 944s, that looked fine but simply didn't have great performance. These cars can also be had for a nice low price. As long as a car looks good and has good performance, I think it will carry on the marque of the brand quite well moving forward, especially when offered in the increasingly novel MT. The idea that modern Porsches aren't going to hold value well because they are all turbo charged..... I don't think that's going to be true. I think they look great and perform great, and in the long run, they will financially perform pretty well.

bernpep

Amen

Selo

What exactly are "non millenniums?"

visitador

Baby boomers and Gen X?