Car values dropping
#136
im 73, my 17 CS (Cobb) is the cure for my retired,dont have to work blues...if i sell now its probably 2 years till new ones available, I might be dead by then the way Im going:} what am i going to drive, a Prius...dealer keeps bugging me to sell but has nothing to replace it with....what am i going to do with $ in bank,,,,sticking w 17 and enjoying each daily drive in foothills..
Love the approach! Live for today BUT keep an eye on tomorrow! God bless ya pal!
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cpbmd (06-09-2022)
#137
I occasionally get trade-in estimates from CARFAX on my car...it keeps going up and this time it was higher than I have ever seen before. Which still makes my jaw drop on a four-year old car...
(Not looking at getting rid of my baby anytime soon, of course - I'm going to enjoy it for many, many more years!)
(Not looking at getting rid of my baby anytime soon, of course - I'm going to enjoy it for many, many more years!)
#138
I occasionally get trade-in estimates from CARFAX on my car...it keeps going up and this time it was higher than I have ever seen before. Which still makes my jaw drop on a four-year old car...
(Not looking at getting rid of my baby anytime soon, of course - I'm going to enjoy it for many, many more years!)
(Not looking at getting rid of my baby anytime soon, of course - I'm going to enjoy it for many, many more years!)
this would actually be good if we had a handful of owners doing this regularly. that would be a pretty neat indicator of pricing trend.
#139
Going back to early January to April was definitely a sellers market with over inflated prices of 20-35%. That boat has gone now that Bank's interest rates has increased significantly in the past 2 months. Bank rates I heard will continue to rise this year so that will only put a damper to the housing and other markets such as cars. Already I am seeing prices on certain P models being slashed $2000-4,000. So perhaps if you are in the market of buying a P, might be a good idea to wait for a few more months before pulling the trigger.
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NI3 (06-10-2022)
#141
Interest rates are up and rising. Inventory has increased significantly at my go to places for looking at 911's. Inventory is aging. Some price drops seen, but nothing notable, again where I poke around. If I were in the market to buy, I would wait a bit to possibly save 10-20% from covid highs.
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Ed99 (06-10-2022)
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dd356 (06-12-2022)
#143
I am sure they are trying to mark it up and you can mark it up whatever price you want but if its not selling then price will eventually go down. And it depends on the specs and model for the ones with higher price tags. I have seen jacked up priced still sitting on the lot since 4 months ago lol.
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LesPaul (06-11-2022)
#144
I am sure they are trying to mark it up and you can mark it up whatever price you want but if its not selling then price will eventually go down. And it depends on the specs and model for the ones with higher price tags. I have seen units with jacked up priced still sitting on the lot since 4 months ago lol.
#145
I just sold a 2013 C2 S. Drove it for two winters. If you think about it, 98% of the time the roads are clear in the winter. Just make sure not to drive it when there is going to be a big snowfall. It works fine. I live in New Hampshire. I drive all year round by 911. I have 19 inch turbo twist wheels with Perelli Sottozero tires which I still have and need to sell. Go for it. Get the rear wheel drive version. It’s really not a problem. Life is too short man.
#146
I am sure they are trying to mark it up and you can mark it up whatever price you want but if its not selling then price will eventually go down. And it depends on the specs and model for the ones with higher price tags. I have seen units with jacked up priced still sitting on the lot since 4 months ago lol.
Marin Porsche had two very low mileage 2022 CPO 718 Spyders for sale — they were asking $179k for each. I was like really? The build spec for both is $110k. SA said they were priced very well. Lolz
One has sold though and I noticed the other was suddenly reduced to $149k last week.
Sure hope the guy who bought the other one didn’t pay $179k.
Anyway, there’s a gizzilion 718 Spyders are the market right now.
Talk about owners dumping like crazy.
Last edited by Laszlo_Laz; 06-10-2022 at 11:03 PM.
#147
Originally Posted by @Guards_Red_991 View Post
$92k for a 2013 C2S: Pre-Owned 2013 Porsche 911 Carrera S
Noting it's weeks later and this is still for sale (albeit with the "confirm availability" link on the page). They're known to be expensive to buy from in the area.
Though if you want to see some eye watering numbers, look at the listings at Porsche of the Main Line:
https://main-line.porschedealer.com/...ry/porsche.htm
$92k for a 2013 C2S: Pre-Owned 2013 Porsche 911 Carrera S
Noting it's weeks later and this is still for sale (albeit with the "confirm availability" link on the page). They're known to be expensive to buy from in the area.
Though if you want to see some eye watering numbers, look at the listings at Porsche of the Main Line:
https://main-line.porschedealer.com/...ry/porsche.htm
Last edited by captainslow21; 06-11-2022 at 11:00 AM. Reason: forgot quote
#148
Originally Posted by @Guards_Red_991 View Post
$92k for a 2013 C2S: Pre-Owned 2013 Porsche 911 Carrera S
Noting it's weeks later and this is still for sale (albeit with the "confirm availability" link on the page). They're known to be expensive to buy from in the area.
Though if you want to see some eye watering numbers, look at the listings at Porsche of the Main Line:
https://main-line.porschedealer.com/...ry/porsche.htm
$92k for a 2013 C2S: Pre-Owned 2013 Porsche 911 Carrera S
Noting it's weeks later and this is still for sale (albeit with the "confirm availability" link on the page). They're known to be expensive to buy from in the area.
Though if you want to see some eye watering numbers, look at the listings at Porsche of the Main Line:
https://main-line.porschedealer.com/...ry/porsche.htm
#149
Haha, true.
Marin Porsche had two very low mileage 2022 CPO 718 Spyders for sale — they were asking $179k for each. I was like really? The build spec for both is $110k. SA said they were priced very well. Lolz
One has sold though and I noticed the other was suddenly reduced to $149k last week.
Sure hope the guy who bought the other one didn’t pay $179k.
Anyway, there’s a gizzilion 718 Spyders are the market right now.
Talk about owners dumping like crazy.
Marin Porsche had two very low mileage 2022 CPO 718 Spyders for sale — they were asking $179k for each. I was like really? The build spec for both is $110k. SA said they were priced very well. Lolz
One has sold though and I noticed the other was suddenly reduced to $149k last week.
Sure hope the guy who bought the other one didn’t pay $179k.
Anyway, there’s a gizzilion 718 Spyders are the market right now.
Talk about owners dumping like crazy.
#150
Here is a story with actual aggregated data, versus all the n=1 anecdotes in this thread. This doesn't address Porsches explicitly but does discuss luxury cars as a category.
https://www.marketwatch.com/story/ne...?siteid=yhoof2
TL/DR - no, cars aren't getting any cheaper other than trucks and electric cars very slightly.
https://www.marketwatch.com/story/ne...?siteid=yhoof2
TL/DR - no, cars aren't getting any cheaper other than trucks and electric cars very slightly.
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jfischet (06-13-2022)