Car values dropping
07-14-2022, 05:05 PM
#286
Bought a 2017 Turbo S a little over a week ago. Car was on BAT but local dealer. Went and looked at it, test drove it. Took it to local porsche shop, got a PPI. They found about $2000 in broken stuff. Even after owning it a week finding little things that are ok on a used car, but stuff like beat up side panels in the rear, wear on bolster, dash, etc. I got a great deal, so I under it isn't perfect, but I could see someone getting the car sight unseen, and having issues with all this stuff.
07-14-2022, 05:09 PM
#287
Hard to say. Most other 2017 Turbo S are listed and selling for a lot more, $15-20k more, but they also have 1/3 the mileage and typically more options. I think I got a great deal compared to others I saw, especially with the modifications on the car, but it is hard to compare that to a low mileage pristine car.
07-14-2022, 10:18 PM
#288
Hard to say. Most other 2017 Turbo S are listed and selling for a lot more, $15-20k more, but they also have 1/3 the mileage and typically more options. I think I got a great deal compared to others I saw, especially with the modifications on the car, but it is hard to compare that to a low mileage pristine car.
07-15-2022, 11:53 AM
#289
Drifting
Here's my data point:
Purchased 1 week ago (7/6/22)
2014 TTS
50K Miles (yes considered high)
Price: $118k plus ttl
Spec: Moderate. Burmester, carbon fiber trim, entry and drive, Porsche crest on headrest, heated seated seats (not ventilated ☹️), sunroof
Condition: Very good. Paint has swirls, zero dings/dents. PPF on front hood, fenders and mirrors probably since new. Having all of this replaced, paint corrected and replaced as soon as my detailer has an opening.
Driver side seat bolster had some rubs which I dyed with Colourlock making it virtually invisible, burmester silver trim peeling (have replacement coming), rubs on door sill and weather stripping, rubs on lower silver door trim. Otherwise, looks brand new inside and out. I kept thinking I had to have missed some condition issues when I bought it. But after cleaning inside and out and spending a week with it, the car is incredibly clean for 50k miles!
I'm the 3rd owner. Previous owner had service contract so the car was regularly maintained.
I had looked at another 50k mile TTS that was absolutely hashed. Rock chips all around the turbo ducts, drive train vibration on acceleration. Car had been used hard and it looked it!
Purchased 1 week ago (7/6/22)
2014 TTS
50K Miles (yes considered high)
Price: $118k plus ttl
Spec: Moderate. Burmester, carbon fiber trim, entry and drive, Porsche crest on headrest, heated seated seats (not ventilated ☹️), sunroof
Condition: Very good. Paint has swirls, zero dings/dents. PPF on front hood, fenders and mirrors probably since new. Having all of this replaced, paint corrected and replaced as soon as my detailer has an opening.
Driver side seat bolster had some rubs which I dyed with Colourlock making it virtually invisible, burmester silver trim peeling (have replacement coming), rubs on door sill and weather stripping, rubs on lower silver door trim. Otherwise, looks brand new inside and out. I kept thinking I had to have missed some condition issues when I bought it. But after cleaning inside and out and spending a week with it, the car is incredibly clean for 50k miles!
I'm the 3rd owner. Previous owner had service contract so the car was regularly maintained.
I had looked at another 50k mile TTS that was absolutely hashed. Rock chips all around the turbo ducts, drive train vibration on acceleration. Car had been used hard and it looked it!
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noahabel (07-15-2022)
07-15-2022, 12:43 PM
#290
Mine is a 2017 TTS
34k miles
$152+TTL
Crest on seats and arm rest, grey seat belts, entry and drive, sunroof, heated/vented seats, heated wheel. Paint/etc all great. Minor bolster wear on drivers side, minor scuff on leather dash.
https://vinanalytics.com/car/WP0AD2A99HS166602/
Has clear bra, tint, lowered on techarts, factory wheels with brand new tires, 21" HRE P101 with good tires, Escort 9500 installed
34k miles
$152+TTL
Crest on seats and arm rest, grey seat belts, entry and drive, sunroof, heated/vented seats, heated wheel. Paint/etc all great. Minor bolster wear on drivers side, minor scuff on leather dash.
https://vinanalytics.com/car/WP0AD2A99HS166602/
Has clear bra, tint, lowered on techarts, factory wheels with brand new tires, 21" HRE P101 with good tires, Escort 9500 installed
07-15-2022, 12:54 PM
#291
Here's my data point:
Purchased 1 week ago (7/6/22)
2014 TTS
50K Miles (yes considered high)
Price: $118k plus ttl
Spec: Moderate. Burmester, carbon fiber trim, entry and drive, Porsche crest on headrest, heated seated seats (not ventilated ☹️), sunroof
Condition: Very good. Paint has swirls, zero dings/dents. PPF on front hood, fenders and mirrors probably since new. Having all of this replaced, paint corrected and replaced as soon as my detailer has an opening.
Driver side seat bolster had some rubs which I dyed with Colourlock making it virtually invisible, burmester silver trim peeling (have replacement coming), rubs on door sill and weather stripping, rubs on lower silver door trim. Otherwise, looks brand new inside and out. I kept thinking I had to have missed some condition issues when I bought it. But after cleaning inside and out and spending a week with it, the car is incredibly clean for 50k miles!
I'm the 3rd owner. Previous owner had service contract so the car was regularly maintained.
I had looked at another 50k mile TTS that was absolutely hashed. Rock chips all around the turbo ducts, drive train vibration on acceleration. Car had been used hard and it looked it!
Purchased 1 week ago (7/6/22)
2014 TTS
50K Miles (yes considered high)
Price: $118k plus ttl
Spec: Moderate. Burmester, carbon fiber trim, entry and drive, Porsche crest on headrest, heated seated seats (not ventilated ☹️), sunroof
Condition: Very good. Paint has swirls, zero dings/dents. PPF on front hood, fenders and mirrors probably since new. Having all of this replaced, paint corrected and replaced as soon as my detailer has an opening.
Driver side seat bolster had some rubs which I dyed with Colourlock making it virtually invisible, burmester silver trim peeling (have replacement coming), rubs on door sill and weather stripping, rubs on lower silver door trim. Otherwise, looks brand new inside and out. I kept thinking I had to have missed some condition issues when I bought it. But after cleaning inside and out and spending a week with it, the car is incredibly clean for 50k miles!
I'm the 3rd owner. Previous owner had service contract so the car was regularly maintained.
I had looked at another 50k mile TTS that was absolutely hashed. Rock chips all around the turbo ducts, drive train vibration on acceleration. Car had been used hard and it looked it!
Also to other posts, BAT is not a gauge for consumer level pricing. There’s a lot of other variables outside of BAT that a dealer’s incurs that’s passed into the consumer and that is the metric that determines value.
Last edited by Laszlo_Laz; 07-16-2022 at 11:58 AM.
07-15-2022, 02:32 PM
#292
Rennlist Member
X-posting as it might be relevant here:
For what its worth, I just received an independent Appraisal from a 3rd party company for my 2016 GTS Manual with 34K miles (for Insurance and coverage purposes) and car was appraised at $131,800.00. This car was appraised at $118K when I purchased it back in Feb 2022
Although some car values are leveling, some others continue to rise..
For what its worth, I just received an independent Appraisal from a 3rd party company for my 2016 GTS Manual with 34K miles (for Insurance and coverage purposes) and car was appraised at $131,800.00. This car was appraised at $118K when I purchased it back in Feb 2022
Although some car values are leveling, some others continue to rise..
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SConn (07-15-2022)
07-16-2022, 02:01 AM
#293
A 9k mile 991.2 C2 just sold for 86K on BAT. That and quite a few on BAT that didn't reach their reserve. Prices are still coming down.
07-16-2022, 09:42 AM
#294
From what I've seen, prices are leveling, although still much higher than 1-2 years ago, but the relative price increases/decreases seem to be model-specific. For example, it seems that manual transmissions, GTS cars and Targas seem to have held their inflated prices.
Last edited by harlandoc; 07-16-2022 at 10:44 AM.
07-16-2022, 10:35 AM
#295
From what I've seen, prices are leveling, although still much higher than 1-2 years ago, but the relative price increases/decreases seem to be model-specific. For example, it seems that manual transmissions, GTS cars and Targas seem to have held their inflated prices from what I've seen.
07-16-2022, 11:30 AM
#296
Racer
The booster and chips are usually my gauge for heavily tracked car and I pass for me.
Also to other posts, BAT is not a gauge for consumer level pricing. There’s a lot of other variables outside of BAT that a dealer’s incurs that’s passed into the consumer and that is the metric that determines value.
Also to other posts, BAT is not a gauge for consumer level pricing. There’s a lot of other variables outside of BAT that a dealer’s incurs that’s passed into the consumer and that is the metric that determines value.
while it may be fun/interesting to track sale prices on any given site like BAT, not much can be derived from it. bulk data points from auctions (wholesale pricing) is the single best way to judge where prices are headed (if you must use a single source as a barometer). even using bulk data on the monthly level, you'll need several months and regions to see any real movement/trend regarding pricing.
no harm done by speculation using BAT/other retail sites. if you enjoy it, carry on...just don't bank on it.
07-16-2022, 12:03 PM
#297
100% agree.
while it may be fun/interesting to track sale prices on any given site like BAT, not much can be derived from it. bulk data points from auctions (wholesale pricing) is the single best way to judge where prices are headed (if you must use a single source as a barometer). even using bulk data on the monthly level, you'll need several months and regions to see any real movement/trend regarding pricing.
no harm done by speculation using BAT/other retail sites. if you enjoy it, carry on...just don't bank on it.
while it may be fun/interesting to track sale prices on any given site like BAT, not much can be derived from it. bulk data points from auctions (wholesale pricing) is the single best way to judge where prices are headed (if you must use a single source as a barometer). even using bulk data on the monthly level, you'll need several months and regions to see any real movement/trend regarding pricing.
no harm done by speculation using BAT/other retail sites. if you enjoy it, carry on...just don't bank on it.
With Russia cutting fuel to Germany (temporarily) until late June and the threat of it happening again thereafter will cause even more pressure on industrial output and I think we may see another upward wave of pricing over the next four quarters. It’ll be interesting to see what happens. The only variable that may offset this is the US going into a deeper recession. It sure is a mess out there.
07-16-2022, 12:18 PM
#298
Drifting
Well said.
With Russia cutting fuel to Germany (temporarily) until late June and the threat of it happening again thereafter will cause even more pressure on industrial output and I think we may see another upward wave of pricing over the next four quarters. It’ll be interesting to see what happens. The only variable that may offset this is the US going into a deeper recession. It sure is a mess out there.
With Russia cutting fuel to Germany (temporarily) until late June and the threat of it happening again thereafter will cause even more pressure on industrial output and I think we may see another upward wave of pricing over the next four quarters. It’ll be interesting to see what happens. The only variable that may offset this is the US going into a deeper recession. It sure is a mess out there.
07-16-2022, 12:21 PM
#299
Three Wheelin'
Well said.
With Russia cutting fuel to Germany (temporarily) until late June and the threat of it happening again thereafter will cause even more pressure on industrial output and I think we may see another upward wave of pricing over the next four quarters. It’ll be interesting to see what happens. The only variable that may offset this is the US going into a deeper recession. It sure is a mess out there.
With Russia cutting fuel to Germany (temporarily) until late June and the threat of it happening again thereafter will cause even more pressure on industrial output and I think we may see another upward wave of pricing over the next four quarters. It’ll be interesting to see what happens. The only variable that may offset this is the US going into a deeper recession. It sure is a mess out there.