welikethetrack

also well over 50% of the buyers would disappear overnight once ADM’s are gone (they will soon if not already) as they are all buying because “good deal” “adm must mean rare” “prices only go up”

I would venture to guess 80% of the Gt buyers/transactions in the last 12-24 months were normal sports car buyers buying the hype of the gt3 (car doesn’t fit their use case) and flippers/Indy dealers trying to scrounge a penny

I bet 20% were probably actual GT Porsche end users that are going to drive and enjoy them regularly. And keep more than 12 months

that being said, think I’ll be at laguna seca on Black Friday with the Shelby club if anyone else is going. I’m gonna sign up on Monday or Tuesday as long as the weather doesn’t show rain

Time to put the GT cars to use RL fam

konaforever

Lol at made up percentages.

Manifold

AlexCeres

That’s hilarious.

ipse dixit

Where's the bar graph for "Rennlist"?

AlexCeres

Probably better than “C suite executive” and whatever crack they’re on.

Targa32

guys that bought GT3's at $100,000 over and have a substantial loan balance are looking at their car potentially in a negative equity status. Which would require them to write a check to pay off the balance to the bank. I would guess this is driving the large increase in GT3's for sale currently not so much that a lot of GT3 owners are moving up to the RS. ALso speculators that paid cash on the hope they could drive the car for free and even take a profit after a year (the 2022 buyers) -- are also likely listing their cars. Also sellers of these two types of guys are not interested in trsding their GT3 for a new 992.2 because it is likely there is not going to be any profit for flippers in those cars and they could even depreciate like cars did in the past-- even Porsche sports cars.

Same is happening in the Rolex watch market for all the same reasons.

With the stock market improving lately -- and the propects of stable if not declining interest rates next year -- it is possible that the car values might stabilize right around MSRP at least.

I picked up my 2024 GT3 last week -- and I paid $40,000 over MSRP -- a lot better than $100,000 over - and I did get an allocation I could spec-- but I would lose money on that car if I posted it to BAT today. Probably $25,000 to maybe $35,000 I would guess. All the recent sales in the $220,000 range were 2022 and I am not sure how much value a 2024 model year car has over the same spec from 2022. I believe they are the identical car. Possible Porsche upgraded or fixed some areas of the car over these two additional years but Porsche never seems to advertise year to year upgrades.

I was offered a 2023 Turbo S at MSRP yesterday -- dealer has an allocation - but my guess is that the 992.2 Turbo S will have electric booster motors and take the car to over 700 hp -- and the 2023 remaining allocations will sell at a dealer below MSRP.

At my age- I will keep my six Porsche-- and or trade one for a new model -- until the end-- let my kids complain about all their inheritance I wasted on my car addiction. They don't even want me to send them pictures of the new ones I have bought this last year.

Manifold

Turbo S traditionally depreciates, but the 992 Turbo S is a helluva car, and IMO it doesn't need any more power. I have a 2021 CPO and I think it's a keeper, regardless of depreciation potential.

CornWood

How they come crawling back.....

Joe mac

Targa, it is sad to think there are GT3 owners who are upside down versus debt (like the 2006 housing market) and I hope you are wrong. all of my cars except the CGT and Pista were bought with money I didnt mind flushing down the drain. I guess that's part of the reason US consumers sit with credit card balances at all time highs. What I have learned in mt years of business, however, is that the American consumer only stops spending when one thing happens....when they lose their job. The fact that unemployment still sits relatively high, I think the GT consumer will make it through without having to lose their *** selling while underwater. Who knows. But i love your "spend it" mentality. You clearly have earned it and these things give us the joy of the chase and then the journies or street and track. Cheers!

shrimp money

All of this doomer talk leads me to one conclusion. Gensler approves crypto spot ETFs, rates get cut, and the lambros are back for another summer. This will change sentiment to positive until the 2024 election.

welikethetrack

I don’t think crypto is going to move our economy lol

1991
2001
2008
2020
2023

the first four all saw pretty rough times. They were the only and all 4 years (plus this year) unemployment ticked up for the first time. Unemployment going up is pretty much an unstoppable force for a recession

No idea why dumb polls and feelings people have here are needed when you can look a the most obvious.

Recession is likely, Elon musk among other very bright individuals thinks it’s coming…

I think you’d be crazy to try and fight that outlook and mock it.

Bucketlistx911

Targa, wow you have articulated another compelling reason to buy a few more Porsches.......to annoy the kids and family with the burden of a huge estate of fine cars! I can hear them now, " dammit we have to go clean out those stupid Porsches grandpa collected!" this will be a terrible unpleasant chore for those unappreciative heirs. Sure they wanted all cash and financial accounts. Then in some families its cleaning out Granpas' shed full of hunting and fishing gear. Or maybe the gosh awful baseball card collection. No way anyone wants to figure out the art collection. Hey maybe the girlfriend shows up to claim the coins in the safe and the Range Rover? I say load up every garage you can buy/rent/borrow and fill them up with Porsches and more Porsches. Damn those snotty spoiled brat kids and grandkids.....make their inheritance a.miserable punishment!

ShakeNBake

Wow, that was a rapid turn around (downward). Glad I'm not trying to sell right now - or ever (hopefully). I wonder how much lower it's gonna go? Wish I was buying now.

DodoBrd

Once rates go back down and the base MSRP of the 2026 GT3 is $220k, the 992.1s should level out pretty good haha