Farvin

I bought a 992 C4S the beginning of March, and when I did, I did a little statistical research on the Porsche site - comparing miles, selling price, sticker price and the difference. There were twelve 992 C4S available, with an average of 9,231 miles, an average list price of $160K, an average sticker price of $148K - for an average list of $12K over sticker (see first table below). Fast forward 6 weeks (see second table below). Almost all of the cars from March are now gone. There are currently thirty new 992 C4S listed. Average mileage of 5,182, average list of $168K, an average sticker of $149K - for an average list over sticker of $19K. This is partly driven by a couple of outlier cars listed more than $30K over sticker. I did a regression on price versus miles - and there is surprisingly very little correlation. Price is being driven more by options and features - mileage second. Several observations:
1) These cars are selling fast
2) There are many more C4S on the market in the last 6 weeks
3) The 992 C4S prices over sticker are going up quickly. I hypothesize partly because of the exact cars being listed, partly very recent market forces. Even over the last few weeks.
This is an imperfect analysis with lots of caveats that I'd otherwise write up if this was a stat journal article. Providing this purely for discussion and update on a corner of the 992 market. Best TB

911Castle

Cool post, thanks for sharing

22992

Good info and approach. I'm the same way, which is why it's hard for me to buy something because it has "bigger brakes" or "feels faster".

Anyway...Any insight on which of these are aerokit cars?

Farvin

The two at $199 and $212 I believe were aerokit. But look at that gap to sticker : 0

22992

$184,000 Sticker.....jeez...

Jay99

Great analysis of the data!

doug_999

As long as dealers are charging over sticker and you have a 1-2 year wait, people will scratch the itch at all costs.

politeperson

I guess a dealer can ask what he wants for a second hand Porsche 911, however his hands are tied when it comes to selling a new one because the factory sets the price.

I guess this explains the whole situation why, with record deliveries on new 911s in 2021, their is a 2 year waiting list for a new one and at the same time loads of nearly new expensive ones through the dealers.

It has nothing to do with limited production numbers, just dealers making unusually large profits by trading?

Or have I got this all wrong?

Dan Nagy

I was told by a little bird to expect Porsche to significantly raise prices on their sports cars. When you compare manufacturers, Porsche sports cars are under priced, according to my source, and Porsche wants a piece of that ADM.

detansinn

Yes, this is the word on the street.

911Castle

Just another factor that will keep used prices higher

detansinn

One thing to note with this analysis is that 2020 buyers weren't paying ADM. Those cars were almost exclusively sold BELOW MSRP. By the time the 2021 model year came around, ADMs arrived for the Carrera.

You are seeing a substantial increase in 2020 cars hitting the market. The reasons are multitude

• New 992 trims are available that weren't available in 2019/2020 -- owners are trading in and trading up.
• People who weren't driving their cars wanted to cash out with values being so high.
• 2020 cars are now more than halfway through warranty and a modern 911 out of warranty takes a resale value hit.
• More than a few got traded in for Taycans.

Unfortunately, 992 demand is so high that there aren't many bargains to be had, but substantial increase in supply will help keep prices in check.

Jimmy-D

Good to know I will be driving my GTS Cabrio for free for the next few years.

But make no bones about it- if the Market were to nose dive(which I do not expect) all bets are off.

The Real estate market is starting to show signs of slowing down so it will be a matter of time before other Markets start cooling off

pitt911

word on street is 5 % price hike

Farvin

I'm interested to hear more about this. I'll be the first to admit - I didn't help things when I bought mine last month. I wanted what I wanted and didn't want to wait two years for it. I was also considering a Ferrari California, but the nearest dealer for me would be almost three hours in DC, not 10 minutes in Richmond. The Ferrari to me was just ridiculous eye candy - but the performance, reliability, safety, looks, resale (to a lesser degree) - everything made me go 992 C4S. I want to keep the one I have for a long time, so I guess I'm looking to rationalize what I paid now by looking three years down the road when it may look like it was a good idea. Honestly tho, I don't care if I lost my shorts on it. It's made me so happy and it is so much fun - it's been worth it to me.