Car values dropping
#121
Agree, 2008 was bad but it wasn’t that bad. Scary though and could have been catastrophic, but it wasn’t because the world’s financial levers bailed everyone out and stabilized the economies. I’ll confess that I believe by Fall, that we’ll be facing the same exact playbook as 2008, but this time it’s going to not just housing, it’s going to be everything between crypto to student loans. And those levers that were used in 2008 won’t be as powerful this round. We are all out of ammunition.
#122
It was bad , but not protracted ....hopefully it doesn't get as bad, but if it does, hopefully it will rebound: S&P 500 20yr snapshot of that time period:
2015 1.38% 2008 -37.00%
2014 13.69% 2007 5.49%
2012 16.00% 2006 15.79%
2013 32.39% 2005 4.91% 2004 10.88% 2003 28.68% 2002 -22.10% 2001 -11.89% 2000 -9.10% 1999 21.04% 1998 28.58% 1997 33.36% 1996 22.96% 1995 37.58%
2011 2.11%
2010 15.06%
2009 26.46%
2015 1.38% 2008 -37.00%
2014 13.69% 2007 5.49%
2012 16.00% 2006 15.79%
2013 32.39% 2005 4.91% 2004 10.88% 2003 28.68% 2002 -22.10% 2001 -11.89% 2000 -9.10% 1999 21.04% 1998 28.58% 1997 33.36% 1996 22.96% 1995 37.58%
2011 2.11%
2010 15.06%
2009 26.46%
Last edited by Sporty; 06-07-2022 at 03:52 PM.
#123
I bought the same one
But with latitude model with the 20's. Lakeland dodge in FL delivered 26 days after order. Volume matters. They do accept Tread Lightly, I would not deal with Mike in internet sales (he is a dipsht).
I can't see car prices writ large dropping any time soon. Took my wife's RX into the Lexus dealer for service and their lot was EMPTY. Service advisor told me they don't do markups, but they don't haggle on price anymore. If you want something, they'll order it for you at MSRP and you'll wait. It's taking me 5 months just to get a Jeep Grand Cherokee and they're built in an adjacent state. One nice thing about Jeep, they're still honoring affiliate pricing, so if you join Tread Lightly you get friend's and family pricing (slightly under invoice).
Last edited by Bud Taylor; 06-08-2022 at 09:47 AM.
#124
#125
As someone who just sold their 2017 Carrera 4S Cabriolet and is now experiencing serious post-sale regret, I’ve been scouring the entire country nonstop to see if there is another car equipped just like mine, but not only is the inventory sparse, the prices are still very elevated. Oh, and forget about finding new cars. The only prices I see dropping are like a $5k discount off of an already elevated $30k adjusted dealer markup, so I’m going to call BS on the whole floor dropping out on Porsche pricing thing.
Last edited by mc3456; 06-08-2022 at 01:16 PM.
#126
@mc3456 I would agree, that prices are not dropping at least on the west coast. I just sold my 2015 Cayman S, looking for a 991.2 car but prices are holding and dealers (I have called 3) say they are not moving on the advertised price. What I'm finding in the 991.2 is that a lot of the C2S & C4S were ordered without the Sport Chrono, or at least that combo is what is being sold now.
#127
@mc3456 I would agree, that prices are not dropping at least on the west coast. I just sold my 2015 Cayman S, looking for a 991.2 car but prices are holding and dealers (I have called 3) say they are not moving on the advertised price. What I'm finding in the 991.2 is that a lot of the C2S & C4S were ordered without the Sport Chrono, or at least that combo is what is being sold now.
#128
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..
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#129
@mc3456 I would agree, that prices are not dropping at least on the west coast. I just sold my 2015 Cayman S, looking for a 991.2 car but prices are holding and dealers (I have called 3) say they are not moving on the advertised price. What I'm finding in the 991.2 is that a lot of the C2S & C4S were ordered without the Sport Chrono, or at least that combo is what is being sold now.
#130
Ive got a 17 c2 with chrono, pse, pdk, pdls+ and GTS turbos thats calling your name them
#131
Your price seems reasonable. Surprised no bites in 4 months. Esp in this market. Hopefully it sells soon before prices start coming down. good luck with the sale.
#132
ah if only it was a C4 i would jump on it. i wanna be able to daily drive as much as possible here in boston all wheel is needed.
Your price seems reasonable. Surprised no bites in 4 months. Esp in this market. Hopefully it sells soon before prices start coming down. good luck with the sale.
Your price seems reasonable. Surprised no bites in 4 months. Esp in this market. Hopefully it sells soon before prices start coming down. good luck with the sale.
Is AWD better than RWD in the winter? of course, but you can safely drive in the winter with winter tires. If you are just only going to be using all-season tires, I would continue to look for AWD versus RWD.
#133
ah if only it was a C4 i would jump on it. i wanna be able to daily drive as much as possible here in boston all wheel is needed.
Your price seems reasonable. Surprised no bites in 4 months. Esp in this market. Hopefully it sells soon before prices start coming down. good luck with the sale.
Your price seems reasonable. Surprised no bites in 4 months. Esp in this market. Hopefully it sells soon before prices start coming down. good luck with the sale.
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#134
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.