Notices
991 2012-2019
Sponsored by:
Sponsored by:

What keeps resale values high?

Thread Tools
 
Search this Thread
 
Old Dec 28, 2018 | 11:01 PM
  #16  
Bobby 911's Avatar
Bobby 911
Banned
 
Joined: Nov 2018
Posts: 1,400
Likes: 357
Default

Originally Posted by gearboxtrouble
the biggest factor has always been Porsche's slow, steady, measured but cumulatively massive increase in the sticker prices for new 911s. They're very clever and very sneaky - not only is the 992 more expensive than the 991.2, identical options are 10-30% more expensive too.
+1
Reply
Old Dec 28, 2018 | 11:50 PM
  #17  
Cuda911's Avatar
Cuda911
Race Director
10 Year Member
 
Joined: Jun 2013
Posts: 11,371
Likes: 471
From: Oceanside/Vista (N. San Diego County), CA
Default

Don't forget about the ancillary costs, which are significant with a high-dollar car:

A new car has much higher sales tax, registration fees, and insurance. And, that big depreciation drop on Day One of ownership.
Reply
Old Dec 29, 2018 | 12:00 AM
  #18  
Larson E. Rapp's Avatar
Larson E. Rapp
Rennlist Member
10 Year Member
 
Joined: Aug 2012
Posts: 8,045
Likes: 2,609
From: Pac NW
Default

It's simple. They aren't making any more like it. Ever. If you want a classic Porsche flat six, designed by engineers in Germany rather than by regulators in China, a used 991.1 or 981 is your last, best option.

At least, apart from the specialized, limited, and expensive GT lineup. And those are doing pretty well, too, saleswise.
Reply
Old Dec 29, 2018 | 12:00 AM
  #19  
Bob Z.'s Avatar
Bob Z.
Rennlist Member
Veteran: Navy
20 Year Member
 
Joined: Jul 2001
Posts: 13,901
Likes: 4,030
From: Marineland FL
Default

Originally Posted by Cuda911
Don't forget about the ancillary costs, which are significant with a high-dollar car:

A new car has much higher sales tax, registration fees, and insurance. And, that big depreciation drop on Day One of ownership.
But a new car gets one exactly what they want, which is why I ordered...I will not "settle" for a car that does not have everything I want.

Stevelev: There are still discounted allocations for new 991.2 cars; PM me if interested.
Reply
Old Dec 29, 2018 | 10:51 AM
  #20  
991carreradriver's Avatar
991carreradriver
Rennlist Member
10 Year Member
 
Joined: Sep 2014
Posts: 2,207
Likes: 445
From: Northeast
Default

There is only one answer "supply & demand". All other arguments simply affect the answer. For example, a 992 is priced higher than the 991 by quite a bit with common options. This affects demand. The lag time on a new car delivery affects supply. I am amazed of the market. For example, I terminated my 36 month 2016 C2 Black Edition lease which I was in for 20 months. Effectively, the dealer purchased the car for $72k. I was given a check at closing for 2k. I had no cap cost reduction money in the deal. They sold the car for $74k six months later. I now see 2016 C2 Black Editions listed for $74k-76K 1.5 years later. For those unfamiliar with the Black Edition, it is not a limited edition car, simply a marketing ploy to use up parts at the end of a model run.
Reply
Old Dec 29, 2018 | 11:21 AM
  #21  
rmauro's Avatar
rmauro
Rennlist Member
20 Year Member
 
Joined: Jan 2004
Posts: 405
Likes: 27
From: vero beach florida/ connecticut
Default

I agree about the MB SL- owned these in the 80s and 90s- just bought a 18 with 300 miles for 24k below sticker- while great they still continue to drop like rocks.
Dealer says no demand for 2 seater coupes never mind 100k+
Reply
Old Dec 29, 2018 | 12:10 PM
  #22  
vr32's Avatar
vr32
AutoX
5 Year Member
 
Joined: Jul 2017
Posts: 14
Likes: 1
Default

I think it is due to several factors as others have mentioned including general positive economic conditions, money is cheap nowadays, and a demand for the last of the 911 with NA engines in a non GT car.

What I find interesting is late model 997.2 with manuals are holding value so well that there is an inflection point where a 2011 997.2 manual will be listed more than some 991.1 (typically above 30k miles). It appears that 997.2 values have flattened if not started to rise a bit in the last ~1-2 years while 991.1 drop. For those most concerned with resale value or minimizing loss due to depreciation, a well priced 997.2 may be the best buy right now.
Reply
Old Dec 29, 2018 | 06:21 PM
  #23  
Stevelev's Avatar
Stevelev
Rennlist Member
10 Year Member
 
Joined: Apr 2013
Posts: 661
Likes: 235
From: Canada
Default

Originally Posted by Bob Z.
But a new car gets one exactly what they want, which is why I ordered...I will not "settle" for a car that does not have everything I want.

Stevelev: There are still discounted allocations for new 991.2 cars; PM me if interested.
Ordering definitely has its merits. I picked up my 2017 C2S in April this year, enjoyed driving it for 6 months and then traded it in on a 2019 to ensure I got specifically what I didnt get initially (and missed). Thx for the offer Bob, I was able to work out a good deal with my local dealer on an allocation they traded for (and it locked 24 hrs later). Early March delivery means I’m approx 2 months away from getting my first brand new Porsche.
Reply
Old Dec 29, 2018 | 08:36 PM
  #24  
Bob Z.'s Avatar
Bob Z.
Rennlist Member
Veteran: Navy
20 Year Member
 
Joined: Jul 2001
Posts: 13,901
Likes: 4,030
From: Marineland FL
Default

Originally Posted by Stevelev


Ordering definitely has its merits. I picked up my 2017 C2S in April this year, enjoyed driving it for 6 months and then traded it in on a 2019 to ensure I got specifically what I didnt get initially (and missed). Thx for the offer Bob, I was able to work out a good deal with my local dealer on an allocation they traded for (and it locked 24 hrs later). Early March delivery means I’m approx 2 months away from getting my first brand new Porsche.
Congrat on the upcoming arrival, and a Targa at that, which was my choice as well.
Reply




All times are GMT -3. The time now is 01:44 AM.