992 prices
Nordschleife Master
Joined: Jun 2018
Posts: 6,038
Likes: 8,009
From: Ohio
Certainly, as new car prices go up, that also has a secondary (bump up) impact on those same models in the used car market. Contrary, as prices drop for new models, the used car also takes a hit. Look at used Tesla’s, for example…when Musk slashed prices on new models, the prices for several of Tesla’s used models dropped significantly. Significantly more than the average depreciation found for EV cars, in general (“Used electric cars costs fell 1.5% so far this year—but Teslas dropped 4.8%.”). 👍
Point being…as a current owner of a slightly used 992….I’m happy Porsche keeps upping the price.
https://www.autoweek.com/news/green-...mes-other-evs/
Point being…as a current owner of a slightly used 992….I’m happy Porsche keeps upping the price.
https://www.autoweek.com/news/green-...mes-other-evs/
Drifting
Joined: Jun 2014
Posts: 3,120
Likes: 1,474
From: some where nice
if you are worried about price drop, then don't consider M8 as traditionally they depreciate like crazy irrespective of your entry point .Actually BMW dropped their price couple of years ago by like 15k as they were not selling
911 traditionally dropped to some extent depending on economy etc , but in general hold better value than M cars
I will keep looking , my dealer had couple of 2021 992 selling below sticker recently so I an not sure where are you seeing 10-20% over MSRP on these
911 traditionally dropped to some extent depending on economy etc , but in general hold better value than M cars
I will keep looking , my dealer had couple of 2021 992 selling below sticker recently so I an not sure where are you seeing 10-20% over MSRP on these
Racer
Joined: Jun 2021
Posts: 287
Likes: 253
From: ATX
A quick search for the first 992 available at my local dealer shows an asking price of 11% over MSRP for a 2020 production '21 Targa with 4k miles.
https://www.porscheaustin.com/invent...b2a90ms235178/
https://www.porscheaustin.com/invent...b2a90ms235178/
Burning Brakes
Joined: Jun 2018
Posts: 1,112
Likes: 896
Just went on the configurator. The GTS I took receipt of one year ago tomorrow is $13,444 ($169,264 vs. $155,820) more and without ventilated seats which I did not find on the configurator. So $14,284 more if ventilated seats were now offered. Also had to change paint and interior colors since AG and Iceland are not available. Glad I bought when I did!
Banned
Joined: Jul 2020
Posts: 4,026
Likes: 2,267
if you are worried about price drop, then don't consider M8 as traditionally they depreciate like crazy irrespective of your entry point .Actually BMW dropped their price couple of years ago by like 15k as they were not selling
911 traditionally dropped to some extent depending on economy etc , but in general hold better value than M cars
I will keep looking , my dealer had couple of 2021 992 selling below sticker recently so I an not sure where are you seeing 10-20% over MSRP on these
911 traditionally dropped to some extent depending on economy etc , but in general hold better value than M cars
I will keep looking , my dealer had couple of 2021 992 selling below sticker recently so I an not sure where are you seeing 10-20% over MSRP on these
As a current BMW owner, and longtime fan…I think interest in BMW’s soured a but from current and prospective buyers when they introduced that hideous front grill on many of their models. I’d start with getting rid of whomever idea it was that the grill looked good…
Last edited by CodyBigdog; Mar 30, 2023 at 04:27 PM.
Banned
Joined: Jul 2020
Posts: 4,026
Likes: 2,267
Just went on the configurator. The GTS I took receipt of one year ago tomorrow is $13,444 ($169,264 vs. $155,820) more and without ventilated seats which I did not find on the configurator. So $14,284 more if ventilated seats were now offered. Also had to change paint and interior colors since AG and Iceland are not available. Glad I bought when I did!
I’m also a AG and Iceland owner…great combo, IMO.
Rennlist Member
Joined: Feb 2009
Posts: 5,335
Likes: 3,741
From: Newport Beach, CA and Melbourne, Australia
Certainly, as new car prices go up, that also has a secondary (bump up) impact on those same models in the used car market. Contrary, as prices drop for new models, the used car also takes a hit. Look at used Tesla’s, for example…when Musk slashed prices on new models, the prices for several of Tesla’s used models dropped significantly. Significantly more than the average depreciation found for EV cars, in general (“Used electric cars costs fell 1.5% so far this year—but Teslas dropped 4.8%.”). 👍
Point being…as a current owner of a slightly used 992….I’m happy Porsche keeps upping the price.
https://www.autoweek.com/news/green-...mes-other-evs/
Point being…as a current owner of a slightly used 992….I’m happy Porsche keeps upping the price.
https://www.autoweek.com/news/green-...mes-other-evs/
. Not that I'm too worried, when I bought the 992 I figured $30k loss over 2 years, now it's nearly 3 years and I'd probably get back what I paid or close to it. Swings and roundabouts, like most things in life.
Banned
Joined: Jul 2020
Posts: 4,026
Likes: 2,267
Don't look at what we would get for our Polestars now though, anything we've made up on our 992's has been lost on that market . Not that I'm too worried, when I bought the 992 I figured $30k loss over 2 years, now it's nearly 3 years and I'd probably get back what I paid or close to it. Swings and roundabouts, like most things in life.
. Not that I'm too worried, when I bought the 992 I figured $30k loss over 2 years, now it's nearly 3 years and I'd probably get back what I paid or close to it. Swings and roundabouts, like most things in life.Tesla cars had done well on the depreciation curve. But that is no loner the case…for several reasons, including, no longer the only EV game in town and Musk’s price drop on new cars.
Just ran numbers on Kelly Blue Book, for my P2. Including the Federal tax discount I got, my KBB expected depreciation rate after 5 years is 43%. Don’t care about 1st year, or even 3 year depreciate rates, as that’s the steepest part of the curve. It was about 10% higher if I back out the tax break. But I expect the entire EV market to be vulnerable due the infusion of 20+ EV models entering the market right now…and, as EV’s get older, range on the batteries begin to drop a bit. ICE vehicles with the lowest 5 year depreciation rate are around 27-38% (mainly Toyota’s). ICE cars with the highest depreciation rates of around 70% include the BMW 7 series and Mercedes S-class (both at over 70%).
That said, and as i experienced first hand with my Prius…as gas prices go up, I expect depreciation rates for EV’s to slow. I always saw an increase sales spike in used Prii when gas climbed by more than $0.50/gallon. Just a knee jerk reaction from consumers.
But regardless of what the depreciate rates end up being, does not impact me at all, as I always keep my cars at least 10 years, and after that, no matter what car it is, their value has bottomed out.
Last edited by CodyBigdog; Mar 30, 2023 at 09:35 PM.
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Burning Brakes
Joined: Jun 2018
Posts: 1,112
Likes: 896
if you are worried about price drop, then don't consider M8 as traditionally they depreciate like crazy irrespective of your entry point .Actually BMW dropped their price couple of years ago by like 15k as they were not selling
911 traditionally dropped to some extent depending on economy etc , but in general hold better value than M cars
I will keep looking , my dealer had couple of 2021 992 selling below sticker recently so I an not sure where are you seeing 10-20% over MSRP on these
911 traditionally dropped to some extent depending on economy etc , but in general hold better value than M cars
I will keep looking , my dealer had couple of 2021 992 selling below sticker recently so I an not sure where are you seeing 10-20% over MSRP on these
Last edited by icanthelpit; Mar 30, 2023 at 04:43 PM.
Rennlist Member
Joined: Aug 2020
Posts: 3,540
Likes: 3,630
From: Orange County California
Ordered my 2021 C2S in August of 2020. Window Sticker was $141,200. I paid $132,728. This was just before the market went nuts. Prompted by other equally curious minds on this thread, I went on the Porsche site and built my car again, exactly as it was and is now, $156,710 is the sticker on a 2023 built exactly as my 2021. Unbelievable! Then again, we bought a KIA EV6 (all electric) a bit over a year ago. Just sold it and bought a BMW i4 in the last few weeks, also all electric, but IMHO much nicer all around. Anyhow, between what we paid for the KIA (MSRP), the tax credits and what we sold it for, we actually made a profit of over $500.
Banned
Joined: Jul 2020
Posts: 4,026
Likes: 2,267
Ordered my 2021 C2S in August of 2020. Window Sticker was $141,200. I paid $132,728. This was just before the market went nuts. Prompted by other equally curious minds on this thread, I went on the Porsche site and built my car again, exactly as it was and is now, $156,710 is the sticker on a 2023 built exactly as my 2021. Unbelievable! Then again, we bought a KIA EV6 (all electric) a bit over a year ago. Just sold it and bought a BMW i4 in the last few weeks, also all electric, but IMHO much nicer all around. Anyhow, between what we paid for the KIA (MSRP), the tax credits and what we sold it for, we actually made a profit of over $500.
Rennlist Member
Joined: Mar 2023
Posts: 52
Likes: 7
Check this out:
https://bringatrailer.com/listing/20...ra-s-coupe-12/
https://bringatrailer.com/listing/20...ra-s-coupe-12/
Rennlist Member
Joined: Oct 2002
Posts: 5,243
Likes: 6,318
From: Fairfax County, Virginia
The best way is to put out a WTB posting here and maybe www.6speedonline.com as well as cruise the PCA Classified section. Private sellers are - well - generally lazy! If you put out a post on what you want to buy and give yourself some room on model years, colors, mileage, etc, you may be surprised by what you get back. You might catch a car before it gets traded in. The Marketplace here on Rennlist is the best place to post a WTB ad, but you have to be a paid member to use that classified section.
Here is just one 992 ad that is on the PCA Mart as an example
$1,518 Per Month
LEARN MORE
Ad#: 55279
Mileage: 2,852
Exterior: Guards Red
Generation: 992
Interior: Black
Transmission: PDK
Body Style: Coupe
VIN: WP0AB2A92LS229294
Joe Raya
Roseville, CA
United States
Options highlights: Black leather trim, 18 way adaptive sport seats plus, Premium package Sport package with sport chrono Glass electric sunroof, Porsche crest on headrests ...much more. Serious inquiries please. Reasonable offers considered.
CONTACT SELLER
Here is just one 992 ad that is on the PCA Mart as an example
2020 911 Carrera S
Published: 03/11/2022
$138,500
Woodside Credit$1,518 Per Month
LEARN MORE
ESTIMATE - SEE WOODSIDE CREDIT FOR DETAILS
Bookmark Ad Mileage: 2,852
Exterior: Guards Red
Generation: 992
Interior: Black
Transmission: PDK
Body Style: Coupe
VIN: WP0AB2A92LS229294
Roseville, CA
United States
CONTACT SELLER
Flag as InappropriateAbout This Car
PEACE of MIND. Only 2,852 miles, Guards Red with FULL black LEATHER interior. CPO to 2026 and paid maintenance plan to 2025 or 50K miles. Factory PPF in front areas--hood, mirrors, bumper, fender.Options highlights: Black leather trim, 18 way adaptive sport seats plus, Premium package Sport package with sport chrono Glass electric sunroof, Porsche crest on headrests ...much more. Serious inquiries please. Reasonable offers considered.
CONTACT SELLER
Rennlist Member
Joined: Oct 2015
Posts: 141
Likes: 100
I find it funny that we all worry about the exit strategy with these cars...myself included. I don't plan on selling this car (well I don't even have it yet)...at least not for a very long time... but damn if I don't read every thread about resale values or holding values on 992's. Did the same thing with my 991. But that I DID sell because I was able to sell it for what I paid for it 5 years prior and it wasn't my ideal 911 (black...I hate black cars). HAHAHA