2021s arrive,what does it do to values
The following 3 users liked this post by 737gdog:
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PAPorscheGuy (02-01-2021)
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#10
I'm no expert, but "designed" scarcity is a business model for Porsche, 991.2s were not mass produced, many were ordered as custom option builds, this creates a "uniqueness", Porsche sees to that by making numerous options available. This applies to previous models as well.
There's perceived value in this "uniqueness", for example, the 991.2 are the last models with the "old" style instrumentation, actual dials, so this feature may become a "desirable" trait for future buyers that are more into the retro vibe.
Many prospective buyers have in mind "their" 911, so they order them a certain way. The buyers in the secondary market may also have the same desires, but because of the large number of permutations, finding that "one" used 911 may be quite difficult and as such, when you do find one close to what is desired, you buy it quickly because it may not last long in the market. So the perceived value is high because of scarcity, demand drives price, so prices stay high.
Just my take on the Porsche "plan" to maintain the value of their cars; me, I'm happy I got mine when I did and, at 14k miles, the motor is loosening up and the turbos are loving the cooler weather.
There's perceived value in this "uniqueness", for example, the 991.2 are the last models with the "old" style instrumentation, actual dials, so this feature may become a "desirable" trait for future buyers that are more into the retro vibe.
Many prospective buyers have in mind "their" 911, so they order them a certain way. The buyers in the secondary market may also have the same desires, but because of the large number of permutations, finding that "one" used 911 may be quite difficult and as such, when you do find one close to what is desired, you buy it quickly because it may not last long in the market. So the perceived value is high because of scarcity, demand drives price, so prices stay high.
Just my take on the Porsche "plan" to maintain the value of their cars; me, I'm happy I got mine when I did and, at 14k miles, the motor is loosening up and the turbos are loving the cooler weather.
Last edited by BSO; 01-31-2021 at 03:34 AM.
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GT3FZS (01-31-2021),
PAPorscheGuy (02-01-2021)
#11
Supply of the 992 is thight so prices will hold better but still depreciate.
Also, price for the new 992 is much higher, especially with options. Friend just got a 992 4S with PTS Chalk and aero kit. 165k. Wow.
Also, price for the new 992 is much higher, especially with options. Friend just got a 992 4S with PTS Chalk and aero kit. 165k. Wow.
The following users liked this post:
PAPorscheGuy (02-01-2021)
#12
I'm no expert, but "designed" scarcity is a business model for Porsche, 991.2s were not mass produced, many were ordered as custom option builds, this creates a "uniqueness", Porsche sees to that by making numerous options available. This applies to previous models as well.
There's perceived value in this "uniqueness", for example, the 991.2 are the last models with the "old" style instrumentation, actual dials, so this feature may become a "desirable" trait for future buyers that are more into the retro vibe.
Many prospective buyers have in mind "their" 911, so they order them a certain way. The buyers in the secondary market may also have the same desires, but because of the large number of permutations, finding that "one" used 911 may be quite difficult and as such, when you do find one close to what is desired, you buy it quickly because it may not last long in the market. So the perceived value is high because of scarcity, demand drives price, so prices stay high.
Just my take on the Porsche "plan" to maintain the value of their cars; me, I'm happy I got mine when I did and, at 14k miles, the motor is loosening up and the turbos are loving the cooler weather.
There's perceived value in this "uniqueness", for example, the 991.2 are the last models with the "old" style instrumentation, actual dials, so this feature may become a "desirable" trait for future buyers that are more into the retro vibe.
Many prospective buyers have in mind "their" 911, so they order them a certain way. The buyers in the secondary market may also have the same desires, but because of the large number of permutations, finding that "one" used 911 may be quite difficult and as such, when you do find one close to what is desired, you buy it quickly because it may not last long in the market. So the perceived value is high because of scarcity, demand drives price, so prices stay high.
Just my take on the Porsche "plan" to maintain the value of their cars; me, I'm happy I got mine when I did and, at 14k miles, the motor is loosening up and the turbos are loving the cooler weather.
But you can count me in on your point that “the 991.2 are the last models with the "old" style instrumentation, actual dials, so this feature may become a "desirable" trait for future buyers that are more into the retro vibe.”
You nailed it there. Several 991 owners here said they were looking for 997s when they realized they could get a 991 for similar money. I also looked at the 992s but decided I wanted a 991, and one of the primary reasons was that I preferred the 991 interior! Also as mentioned here, a 992 build on your spec will cost more than you think! My C2S was a $15K difference - try it on the Porsche website. And if you want MT, you have to get an “S”.
Last edited by PAPorscheGuy; 02-01-2021 at 08:57 AM.
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BSO (02-01-2021)