Paul018

Anyone care to take a shot as to how the used car market for 992 will be ? Your opinions would be most appreciated. I know it’s difficult to predict the future but I made the mistake of letting my girlfriend drive my Cab once. UGH. Now it is going to cost me.
Rather than be waitlisted for an allocation I was wondering how the used 992 market might be. I know it is based on supply and demand but I was wondering if sellers would want to recoup the ridiculous admin fees charged driving the used prices up.
Thanks

malba2366

Used car prices are slowly dropping across all cars. It appears that inventory of used late model 911s is increasing as well. My take is that the bottom falls out of the whole house of cards (that includes house sales, car sales, and retail sales) early next year...yes there are very wealthy people buying Porsches who are unaffected by the economy/rates, but even a 10% demand reduction will have a huge impact on prices.

Scott P

I don't think prices are dropping on used cars yet based on a search I did earlier today. A (now) 3 year old T, moderately equipped was being sold for $123K ($111 new) with 9500 miles on the odometer. Same kind of prices on S's as well.

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.

IPA1

IPA1

And this from a few month ago

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.

Motorin Mark

Exactly the same situation here throughout Florida.

Jimmy-D

I can see the "used" 911 models coming back to earth but for new car sales going to be tight for 2023. Every new Porsche 911 is pretty much Customer ordered. That will not ease up any time soon

zambien

992 used/CPO prices are dropping. Here in NC prices are still high at local dealers but the majority of 992s on the lot are on consignment... buyers are flipping them for profit but those prices are being tested because they are not moving. I ended up going to Atlanta to get my 992 in October and got it for original MSRP (2021 992 C2). At that time, 2021 992 C2S cars were still commanding 20K or more above MSRP depending on your market. Atlanta has a lot of cars in it as there are only 2 dealerships in Georgia and both are in Atlanta so it is a good place to buy like the west coast and Florida. I've been looking at S cars and you can now get them for around original MSRP in Atlanta depending on the build.

Prices are definitely falling if you are willing to shop outside your area. The biggest markets that seem to be seeing an impact are the high-volume markets but cars are sitting in lower volume markets so those prices will start to come down. Here is an example of a MY 2021 C2S with less than 5k miles that is 10k over original 2021 MSRP and I guarantee you could negotiate that as I was able to with my purchase 2 months ago:

https://finder.porsche.com/us/en-US/...reowned-GW476Q

I've been told by dealers that are more local to me that people are dropping out of line for allocations. One dealer told me they don't have a line at all right now for non-GT cars. Some of my local dealers aren't doing ADM anymore that were 2 months ago.

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.

Tedster

Premium priced products like Porsche will continue to be in short demand as those buyers are less impacted by higher interest rates. A recent visitor said Porsche is running three shifts on the 992 line and two shifts on the Taycan, 718 and Cayenne lines. Supply chain issues still affecting some options such as ceramic brakes. This will keep used 992 prices higher than normal likely through 2023. Enjoy them!

repcapale

So expensive that only the 5 richest kings of Europe will own one.

EZ E

3 lines? Really? I hope you're right. Don't think it's actually happening to the degree we need.

Freddie Two Bs

Tax dollars at work!