raidersfan

they are asking $90k. That is what I sold the same car (different color, but same build) for a year ago with fewer miles!

I would think that a good deal on these would be in the 80's/high 70's by now (private party price). Carmax has a similar car nearby, but no RAS, for $79k.

raidersfan

It does seem like the NA cars are converging with the .2 cars. 991.1 GTS are still in the low 80's to low 90's at retail; they haven't lost much value since 2017 when there were just under or over $100k.

They made a lot more .2 than .1, which has a lot to do with it. NA is perhaps part of it (I would rather have NA but also have RAS, so I am split there). For those of you who like the .2 engine, be glad they made a lot and are coming down in price! The newer cars are a lot more capable, but that doesn't mean more desirable: look at how many people think the Cayman R is the best Porsche made in the past decade, even though the GT3/4 runs circles around it.

isugoo

Maybe it's something to do with popular 2 - 3 year lease returns. 2019 and 2020 will have good number of lease return in CPO forms.

Yc911Kid

5 years run for .1 (12-16) and 3 years run for .2(17-19), I doubt they made any more .2 in two less years.(us # is about 9-10k annually as I remembered) It's just mostly the "last NA" thing.

raidersfan

I looked around today and didn't see many "deals" on 991.1 models. 991.2 have definitely dropped. Cargurus shows a lot of cars in the +100 day range however. Some are +200. I would think that dealers would want these off of their lot in that case.

I suppose it is a matter of who blinks 1st: dealers or buyers?

theracer21

Wait till the end of May.
April was sti fine, May will be the start of the “recession” for most of the people/business.
I’m in the market for a 991.1 S or 997 GTS, dealers that I contacted were willing to go down $1k on the asking price.. we’ll see in 20 days.

JCZ5

That is good advice, only going down $1K is laughable at this point. Hopefully we will see a lot more give at the end of May. I too have been looking at T or maybe a S.

theracer21

As long as I want to drive the car right now, it’s non sense to buy now when the situation is so bad outside and dealers are not willing to go down.
again , in a month, we will see another scenario.

CAA

Interesting point here. So would it follow that if the residual on a two year 911 lease in 2018 was say 65 / 66 percent that that’s what the dealer is paying Porsche for it at turn in? Plus CPO cost if added of course....

thesandman

I don't think the dealer is paying the full residual. From what I've heard, manufacturers indirectly subsidize dealers by taking a hit on lease returns (i.e dealers pay less for the car than residual and brand manufacturer takes the loss). In fact, I believe many dealers make more money on their used car lot than on the new car side. Would be surprised if this were not the case for Porsche.

rugu6869

I believe you are correct that most dealers make a little better profit on used cars than they do new, however, there are hold-backs and other factory to dealer incentives that pay dealerships a boatload of money - even on new cars.
Porsche dealers make a ton of money on their new cars. Take a look at how nice the multi-million dollar sales/service/showrooms are! The dealership pays for that out of their pockets. They are making a killing no matter what. If they're not discounting their cars to meet market prices, then they are able to live off the fat that they've made in the past when times were better. They're trying to wait out this slump.

This is a great YouTube channel that I've been watching for education purposes for new and used cars. Very informative:

STG

Well said!

Must say guys, all these link only posts are killing me. LOL. Don't have time to click them all, and nice to be able to see pictures and a great description like in the past.

Damn, the .1 GTS's are slim pickings and $$$ these days.

Prairiedawg

When I bought my car, I had a nice long talk with the sales manager (slow day) and was told they make all their money on new cars. He said margins are tight on used cars. With the internet, its a national market and prices can be compared instantly.

New cars are sold to wealthier individuals who are less price sensitive. A large percentage are custom ordered and run up the options. How many cars on carfax show a new car traded in in less than a year with less than 1k miles on it. That guy doesn't care about price and loss.

Carlo_Carrera

I want to be "that guy" some day..

passat774

It's still for sale and was showing pending sale, did the deal fall through and do you know why?

Its a nice car a build.