Originally Posted by ENCT

Porsche of the Mainline has a new cab in stock. not sure if it available but looks to be. If interested ask for Tim Grape.

Originally Posted by Carrera3:16

I live in DC and there are zero new 992s on the lots for the 8 Porsche Dealerships in my area (DC/Baltimore). It's been like this for nearly 2 years. I see all these articles and videos about the 992 market cooling down but not in my area. I guess it just depends on where you live. Prior to the pandemic most dealerships had 10-20 brand new 992s on the lot.

But to have 8 dealerships within 40 miles of me...I would think I would start to see some 992s on the lot before most folks.

Therefore, with inflation and still a ton of cash in the system...I don't see the used 992 market going down anytime soon.

Originally Posted by Carrera3:16

I got my base 992 carrera in March 2021 so I’m just observing the market. Ideally I want to get a Targa 4, Targa 4S or a Targa4GTS.

Originally Posted by Ray K.

How much (ballpark) value does being CPO add to a C2S or C4S?

Originally Posted by Ray K.

How much (ballpark) value does being CPO add to a C2S or C4S?

Originally Posted by Richard_Wallace

My observations (FWIW).

1.) For cars right now (and houses), you are seeing a larger number of listings across the multiple seller sites for newer (used) 911s as compared to the amount that was on them just 6 months ago.
* few reasons - one inventory was still moving quickly and thus number and days for sale were still lower. Today they are sitting longer, and those that may have stretched or looking to conserve cash are listing them at prices that are still high.
2.) Private listings and dealer listings are still listing higher (and some are still paying). I am seeing this with the housing market as well, new listing are still listing higher and month by month they are lowering as the price are not being met. Higher interest rates (impacting both car and house sales) also slowing the market down.
3.) Assuming the economy does not get better, and specifically if it gets worse - you see a period of people still thinking they can get what happened 6-12 months ago from a price perspective. Once that denial transitional period happens (I think we are in that now) - you will start to see prices fall a bit more quickly. This happened in 2008-2009 (and a bit in 2011 as well). The bottom just doesn't fall out, there is denial, and a slow realization that starting to put downward pressure on prices, people are reluctant to move down, then they realize inventory is not moving on higher ticket items. Once you get through the denial transition phase the overall prices will drop more significantly (what that number is - really depends) - and then can (if a recession happens) accelerate over a period of 3-6 months.
4.) On the other hand, we could not go into a recession, and inflation slows down or drops significantly - and the market stabilizes quickly.

As stated in a number of other posts about this subject, there is no crystal ball on what can happen, how far prices will drop, etc.

I have been tracking various cars I have my eye on as well as some of the cars I own. McLaren 720s used prices have come down around 10% over the last few months, The GT3 Touring (991.2) has also come down quite a bit (some were averaging 230 - 260K) now down to 220 - 240 for good spec. Even the 911 (992) used market has come down a bit from what we were seeing just a few months ago, though holding fairly strong.

Another indicator is the luxury watch market, it has traditionally taken a hard hit before cars, houses, etc. - it is getting a huge adjustment right now in most cases down 30% across the major brands (Rolex, AP, PP, VC).

For any of these luxury items, your philosophy should be if you want it and can afford it (and afford to lose money) then buy it. If you are buying as an investment or can't afford to loose 30, 40, 50% or can't enjoy it if you were to - don't buy it now, wait for whatever you think the bottom will be.