991 pricing is out of control right now
06-04-2021, 03:26 AM
#1051
The thing that just happened, whatever you want to call it.. Caused a lapse in production. Demand is higher than the supply. Simple economics, this will eventually slow down and end.
If you're thinking about selling, list it high and hope for the best folks.
06-04-2021, 03:41 AM
#1052
Rennlist Member
Good Lord, even the 991.2 base is hitting $95K. This is making my track insurance very expensive.
How long will the craziness last and how long could I hold out without a Porsche? Another $10K increase and I would really consider it. 3.5 year of ownership, 32K miles at a cost of $5K??? Not a bad deal.
How long will the craziness last and how long could I hold out without a Porsche? Another $10K increase and I would really consider it. 3.5 year of ownership, 32K miles at a cost of $5K??? Not a bad deal.
06-04-2021, 04:53 AM
#1053
Rennlist Member
It is crazy in the 991 market, but what is going on in the truck market? I have been casually looking around for a few year old truck. (Its hard to get the rototiller in the 993 or the 991.2).
Find a 5 year old truck for under 25....two year old Tacoma's are listed for more than a new one.....its crazy.
There is a nice 2014 FJ Cruiser down the street for 47K??????? With 99k miles.
That is bonkers
Find a 5 year old truck for under 25....two year old Tacoma's are listed for more than a new one.....its crazy.
There is a nice 2014 FJ Cruiser down the street for 47K??????? With 99k miles.
That is bonkers
Crazy times.
06-04-2021, 07:38 AM
#1054
Rennlist Member
06-04-2021, 10:01 AM
#1055
Administrator - "Tyson"
Lifetime Rennlist
Member
Lifetime Rennlist
Member
I guess I need to remind everyone we have an Off Topic area for..............wait for it........... topics that don't fit with the technical forums.
Here's a link in case you don't know where it is:
https://rennlist.com/forums/off-topic-81/
Here are some active threads discussing things like:Thank you for your cooperation
Here's a link in case you don't know where it is:
https://rennlist.com/forums/off-topic-81/
Here are some active threads discussing things like:Thank you for your cooperation
The following users liked this post:
T3X4S (06-04-2021)
06-04-2021, 10:12 AM
#1056
Burning Brakes
- Golf R (fun car but wife hates the look, I don't like the touchscreen madness of the new cars)
- 2022 Civic Type-R (loved the current one - wife doesn't like haha, a blast to drive, and would only consider the new one if they made it less boy-racer look)
- Audi S5 Sportback (good deals can be found on these, but they are a little boring coming from a 911)
- new Bronco (one year wait even after they start deliveries, will be everywhere)
- Cayman S n/a engine (the pricing has gone up on these as well...)
- Maybe one of these new RC cars if I completely give up on driving excitement and just want an appliance to take me places (i.e. Tesla, Hyundai, etc.)
06-04-2021, 10:23 AM
#1057
I bought my 991.1 targa a few months ago. To my surprise the value seems to have increased.....
The following 2 users liked this post by flsupraguy:
P991GTS (06-04-2021),
shammerman (06-04-2021)
06-04-2021, 10:48 AM
#1058
Rennlist Member
Stage for all this was set on the supply side a year ago…
New car inventory problems, June 2020: https://www.cars.com/articles/as-new...to-buy-422507/
New car inventory problems, August 2020: https://www.coxautoinc.com/market-in...ps-even-lower/
New car inventory problems, June 2020: https://www.cars.com/articles/as-new...to-buy-422507/
New car inventory problems, August 2020: https://www.coxautoinc.com/market-in...ps-even-lower/
Last edited by stout; 06-04-2021 at 10:49 AM.
The following 2 users liked this post by stout:
hacker-pschorr (06-04-2021),
Isle in Dixie (06-04-2021)
06-04-2021, 11:03 AM
#1059
Rennlist Member
to put it all in somewhat of a General context, I recently sold our 17 yr old minivan for 3X KBB value via Facebook market place. Supply/inventory is non-existant and hence why I was able to ask and sell for a random $$$ number I literally pulled out of my butt.
06-04-2021, 11:48 AM
#1060
Three Wheelin'
I'm on, and have been on the Tundra side of things. It's insanity. I USED to be able to easily get 7-10k off MSRP on a new Platinum.. Yeah, not anymore.
Who wants to hear bad news? I sold my 991.2 GTS at THE WORST possible time. February 2020. Didn't have to sell. Didn't need to sell. I got caught up the in panic and the "GREAT DEPRESSION IS COMING" crap and sold as a precaution.. Literally costed myself 30-40k by pulling that move. Carmax, Manheim, the flipping dealer, and the next buyer all made a killing off my expense. Lesson learned. Don't believe the fake news.
I don't even want to post the price I sold it for. It was low. Very, very, very, very low.
Who wants to hear bad news? I sold my 991.2 GTS at THE WORST possible time. February 2020. Didn't have to sell. Didn't need to sell. I got caught up the in panic and the "GREAT DEPRESSION IS COMING" crap and sold as a precaution.. Literally costed myself 30-40k by pulling that move. Carmax, Manheim, the flipping dealer, and the next buyer all made a killing off my expense. Lesson learned. Don't believe the fake news.
I don't even want to post the price I sold it for. It was low. Very, very, very, very low.
06-04-2021, 12:05 PM
#1061
Rennlist Member
Good Lord, even the 991.2 base is hitting $95K. This is making my track insurance very expensive.
How long will the craziness last and how long could I hold out without a Porsche? Another $10K increase and I would really consider it. 3.5 year of ownership, 32K miles at a cost of $5K??? Not a bad deal.
How long will the craziness last and how long could I hold out without a Porsche? Another $10K increase and I would really consider it. 3.5 year of ownership, 32K miles at a cost of $5K??? Not a bad deal.
The following users liked this post:
Rich_Jenkins (06-04-2021)
06-04-2021, 12:11 PM
#1062
Rennlist Member
I was recently offered $85K for my '17, base, manual with 22K miles. Sticker was $104, I paid $94 (new), 4 years ago. While very attractive, a new 992 (which I am not pining for) would be around $130K+, need a manual so need an S, so, not worth it for me. Plus, I LOVE my car, and the mods (SOUL Sport Cats, Numeric shifter & cables, Softronic Tune) etc. so no deal. Looking forward to Watkins Glen DE end of July, especially with Michelin Pilot Sport Cup 2 rubber.
Very good point, a factor that makes most of these resale values a moot point is that most replacements are far more expensive than they have ever been.
It doesn't matter that 991.1 or 991.2 are going for record breaking trade-in and resale values, when any lateral or comparable model is also far more expensive than it ever was. Instead of looking at Dollar numbers, lets look at percentages, and we might be surprised that not much has changes in that aspect.
06-04-2021, 01:30 PM
#1063
Rennlist Member
Very good point, a factor that makes most of these resale values a moot point is that most replacements are far more expensive than they have ever been.
It doesn't matter that 991.1 or 991.2 are going for record breaking trade-in and resale values, when any lateral or comparable model is also far more expensive than it ever was. Instead of looking at Dollar numbers, lets look at percentages, and we might be surprised that not much has changes in that aspect.
It doesn't matter that 991.1 or 991.2 are going for record breaking trade-in and resale values, when any lateral or comparable model is also far more expensive than it ever was. Instead of looking at Dollar numbers, lets look at percentages, and we might be surprised that not much has changes in that aspect.
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Bob in NY (06-04-2021)
06-04-2021, 01:40 PM
#1064
Drifting
This bubble will break and people can ask all they want for a car but are people buying? I suspect a year from now these used car prices will drop considerably. Too many buyers get taken out of the market once the pricing threshold is reached and people say not this year. I can't see spending $85k or more for an out of warranty 2013 991 S. Makes no sense unless you have money to burn and don't care about resale value.
06-04-2021, 05:00 PM
#1065
Three Wheelin'
I am sorry to say I parted with my “perfect” 991.1 GTS. Albeit it was a PDK but perfect mechanically and aesthetically. I wish that a rennlister had gotten it but a dealer snapped it up on day one. My 992 is on a boat but I have regrets already. I loved that car as much as any I have owned. It had soul and was special.