Manifold

Ascend

Back in 2012, rs 4.0 was below msrp and CGT at 400k. Will we see days like this? I doubt it 🥺 I wish I was making money back then.

cadster

Who the hell has 51 minutes…? Can you recap the 3 or 4 best bullet points?

usctrojanGT3

In 2011-2012, you could have bought a CGT for under $400k. I was too poor for that.

Manifold

Prices are headed down, but not rapidly.

WCGhost

Another auction data point from today, $43K over and no sale. This is for a manual car. This seems to be what buyers are willing to pay for a manual wing based on the last several auctions, PDK wing looks to be about $30K now for what buyers are willing to pay, just not many sales yet.

https://bringatrailer.com/listing/20...he-911-gt3-24/

WenigerAberBeser

technically when you add the buyer fee, it’s ~ $47k

maroli

pretty strange they wouldn't sell at that price.....pretty healthy premium over MSRP.

Maverick787

Key is what did they pay for it? Dealer my guess paid a nice premium to flip.

Ascend

For 992 gt3, the quicker you sell the better if you care about the value. Its only going down from here. Obviously, you should just drive the hell out of it and take a depreciation hit and sell later. Thats the way you really enjoy your car when you dont care about its value.

Manifold

As long as prices are going down slowly and dealers aren't getting more allocations, I think sellers are opting to keep their asking prices high and wait for a willing buyer to come along. But there evidently aren't many buyers willing to pay the current asking prices, hence a very slow rate of sales. Sellers will feel more pressure to drop prices and move the cars when prices are dropping faster, and that may eventually happen with a snowball effect.

Regarding driving the cars, the fact that 10-20k miles substantially drops the value on a car that should be good for 100-200k miles indicates that most buyers of these cars aren't driving them much (heaven forbid they be driven on track!), they just want to 'own' them.

Ascend

I dont see the point of owning it. If it is a F40 sure, it will go up in value and mileage affects value. But just owning a GT3 and not driving it is like owning a honda civic and not driving it so you can sell it carvana for few bucks more. Price will drop regardless, might as well drive the hell out of it. Probably better to hold onto VTI than owning a gt3 for an investment.

Manifold

I agree, my cars are for driving.

But I think a lot of people want to own these cars so they can look at them in the garage, take them to C&C, show themselves and others they own it and thus bolster self-esteem ("I made it"), and occasionally drive the car so they can assure themselves that it's a great car. To show I'm wrong: let's hear from all the people in this thread who've been regularly tracking their 992 GT3 or at least putting 5K road miles a year on the car.

WenigerAberBeser

how many mile have you put on your 992 GT3?

usctrojanGT3

I should cross 5k miles for first year of ownership on my Touring and the same with be the case with my GT4RS.