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Car values dropping

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Old Jul 19, 2022 | 12:04 PM
  #316  
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911 US sales YTD. Note the sudden ~40% increase in 992 units sold starting in April. I’d say units produced with buyer in hand. Somewhat correlates with 991 softness starting around the same time. If this number holds it will continue to play a roll, if it decreases it will play a role. Also we can assume more pre-owned 992s hitting the market now/soon including lease returns to influence more. I suppose with this metric and how it specifically relates to 991 preowned prices, it might be fair to say the trend will either flatten for a little while or continue to decrease now and continue to do so as a directional read indefinitely.







Last edited by Laszlo_Laz; Jul 19, 2022 at 12:06 PM.
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Old Jul 19, 2022 | 12:53 PM
  #317  
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Originally Posted by 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 ...
This one is showing a discount, too!

https://direct.porschenorthhouston.c...deal_type=cash
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Old Jul 19, 2022 | 12:58 PM
  #318  
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Originally Posted by Hurricane
This one is showing a discount, too!

https://direct.porschenorthhouston.c...deal_type=cash
LOL "Discount"
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Old Jul 19, 2022 | 06:16 PM
  #319  
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Originally Posted by Joec500
LOL "Discount"
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Old Jul 24, 2022 | 07:16 PM
  #320  
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Originally Posted by Hurricane
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!)
Originally Posted by Hurricane
Just got another one, highest yet and $7k more than the last one. I looked back at the last 18 months, each one higher than the next. Total increase ~$38k from 18 months ago.
Just got a new one from CARFAX - after 18 months of increases, this month’s estimate dropped $10k from last month…
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Old Jul 24, 2022 | 07:35 PM
  #321  
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Originally Posted by Hurricane
Just got a new one from CARFAX - after 18 months of increases, this month’s estimate dropped $10k from last month…
It begins...
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Old Jul 24, 2022 | 07:51 PM
  #322  
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Originally Posted by Hurricane
Just got a new one from CARFAX - after 18 months of increases, this month’s estimate dropped $10k from last month…
Man that's a pretty significant drop
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Old Jul 24, 2022 | 07:57 PM
  #323  
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Originally Posted by LesPaul
Man that's a pretty significant drop
depends. If it’s a 150k car or 100k car? 10k on a 100k car is definitely big
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Old Jul 24, 2022 | 08:14 PM
  #324  
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Frothing at the mouth to jump on rental property since the sale of some several months ago. The next 1-2 years are going to be very interesting.
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Old Jul 30, 2022 | 06:21 PM
  #325  
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My SA has told me they are definitely seeing prices dropping and have already adjusted that for trade in’s as well. I also saw 991’s being negotiated down another $10K on a $150K car.
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Old Jul 31, 2022 | 12:03 PM
  #326  
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Originally Posted by Purekoryo
My SA has told me they are definitely seeing prices dropping and have already adjusted that for trade in’s as well. I also saw 991’s being negotiated down another $10K on a $150K car.
good news keeps rolling in! (for those waiting on the sidelines looking to buy like me)
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Old Jul 31, 2022 | 11:55 PM
  #327  
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A prime example of the price drop was this low-mile Carmine Red manual GTS going for only $132K on BAT last week. This was easily a $150K car 2 months ago.

https://bringatrailer.com/listing/20...a-gts-coupe-3/
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Old Aug 1, 2022 | 10:21 AM
  #328  
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Originally Posted by TangoUniform
A prime example of the price drop was this low-mile Carmine Red manual GTS going for only $132K on BAT last week. This was easily a $150K car 2 months ago.

https://bringatrailer.com/listing/20...a-gts-coupe-3/
i think that one was cause it had 5 previous owners maybe?
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Old Aug 1, 2022 | 12:29 PM
  #329  
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Originally Posted by bostonvr6
i think that one was cause it had 5 previous owners maybe?
Sure that might make a difference, but not a $20K one.
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Old Aug 1, 2022 | 12:54 PM
  #330  
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Originally Posted by TangoUniform
A prime example of the price drop was this low-mile Carmine Red manual GTS going for only $132K on BAT last week. This was easily a $150K car 2 months ago.

https://bringatrailer.com/listing/20...a-gts-coupe-3/
A 5-year old car auctioned off at 98.5% of sticker and folks think that prices are dropping?

LoL.

Yes, I think prices may have peaked. But, “normalcy” is still over the horizon.
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