shrimp money

This doesn't help, nor does the port strike this weekend in Germany.

Lippy

Keep in mind these are late-model mass-produced cars. The car market has been crazy lately because of Covid cash and supply constraints. But this trend will correct and, with few exceptions, these cars will depreciate fairly rapidly.

Kyrosnick

True, but I bought my car to drive and enjoy. Put 1200 miles on it in less than 2 weeks not to resell, or invest. Last fun car was my corvette that I owned for 14 years. I'll keep my Turbo S at least that long. So if price drops, ohh well, can always get more money, can't get more time enjoying it.

Levy

i'm with you here as much as i can be. got mine to drive the hell out of as well. zero thought given to resale/return and future pricing. was lucky to jump in early on in the pandemic and got a great price but again....not planned/pure luck. that being said, i can't seem to keep anything long term. cars, watches, girlfriends.....anything. get bored easy and new shiny objects push me over the edge rather easily. as much as i love my 991.1S, it's highly doubtful i'll own it for more then 4-5 years tops (2-3 more years from now).

although i might feel differently if it was a Turbo S like yours (my ultimate end game dream car)

we have so many different currents affecting pricing right now that it's really impossible to predict what comes next. some market forces are pushing prices higher, while others are pushing it lower. these forces will battle it out in the real world and an eventual "winner" will emerge. until then, it's anyone's guess where pricing will go short term (3-12 months horizon). long term, i'd bet the farm prices will come down but when and by how much is again anyone's guess

Laszlo_Laz

Your comment is very fair from a generalists’ point of view. The mean average across all vehicles. But trends will not all be equal or in parity.

Recently the CEO of VW said they’re not making any capacity increases at all for the 911/brand (portfolio) and will continue to monitor the economic situation which they frame as fragile. And now… this week Russia’s about to hang the EU dry. No energy, no cars. If this pans out, new 911s will get incredibly scarce driving up preowned even more which are already sky high. The EU is taking emergency measures this minute to survive the coldest winter since WWII.

PS; the pandemic is over and covid peak is long gone We are now entering a very new and uncharted waters. Hand onto your pants.

shrimp money

Covid is making a resurgence apparently, the Warner Brothers studio is experiencing an outbreak, LA county is mulling mask mandates by end of this month. Even where I live in Ohio, the news headlines are ramping up the hysteria already. Is what it is. We’re all on the same team, so play it smart, and learn from what we just went through.

Laszlo_Laz

This new variant is wildly contagious but it’s not deadlier so not sure what the fuss is. But as you note, due to COVID’s position it could begin wreaking havoc again on productivity. Oy.

LeJerk

Doug Demuro from Cars and Bids talking about the market. He mentions the 991 at about the nine minute mark.

Laszlo_Laz

Great video thanks for sharing. So true on the Bronco too. Doug’s pulse is pretty legit so it’ll be interesting how much the 991’s cool off. But then again, what other surprises are going to happen over the next year.

As for me, I’m planning to keep my 991.2 for at least 5-more years, that’s when my CPO expires. She’s a rare spec and I absolutely love it.

I don’t see it as an asset but I do see it as an achievement for working hard.

I’m assuming by the time my car won’t be worth too much but that’s okay.

If it’s not a mechanical headache then maybe I can keep her.

Oileater

he also said more so for PDK equipped cars.

https://bringatrailer.com/listing/20...gt3-touring-6/

manuals still tend to be what they are.

barncobob

he didnt mention clear side markers increasing the value :}

NiteJav

Doug has access to his own dbase of cars for sale so short of scraping his website he is going to have better data points then most. Also he knows transaction prices which data from cars.com or any other major cars for sale site wouldn't really have, because its one thing for a car to vanish from cars.com its another thing to know the transaction prices. Short of having Manhiem MMR data or working at a very large dealer network which has tons of franchises like Penske or something its really hard to have a finger on the pulse of the direction of the market of most cars.

bostonvr6

So I do my search on cars.com periodically for what I’m looking for. 991.2 with less than 45k miles, auto, awd, under 100k.

of the 6 that popped up, 2 of them had 1-3k recent price cuts. don’t recall seeing any price cuts in prior months. May not mean anything but makes me feel better as a buyer in waiting :-)

B Russ

I just did a simple used 911 search on the same site for the Naples area. Tons of cars available and a good 50% say price drop. Now the price drop from a ridiculous amount is still a lol but its headed in the right direction for people trying to get in.

wquiles

Yeah, same here. I am in Texas (looking for a 991.2), and while searching ran into this one again (first saw it 3-4 weeks ago), and now it has a $15K dealer discount:
2015 911 Convertible Carrera GTS

Several other cars at the same dealership also starting to show a dealer discount ...