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All these grey interiors at once.. good buying opportunity perhaps
i would say, with 6 available at one time, this is a good time for someone to possibly grab a deal. there will obviously be cross over of some bidders, but some of the more 'average' of the bunch might be bought for a very good price considering the market this past year. this is like having 6 similar cars going across a standard auction floor in one day. the lower of the bunch could be deals.
Here's what the market looks like in picture form. These are all BaT and PCAR Market sales, buyer's commission included. Unlike a year or two ago, the spreads are now so huge it's virtually useless as a price guide:
9/29/21 EDIT: the trendlines are correct as shown but the equations should be:
C2S: .68x +166.0
C4S: .73x +160.6
I think inventory on these cars will inevitably dry up. I just don’t think there are enough to keep this up.
i agree. this almost feels like a surge of sales based on the idea that the market is going to level off and/or correct itself. maybe it's just [lack of] confidence in value emerging and people deciding to sell while prices are still quite high. the entire market would have to correct for 993 prices to correct significantly. 2022 will likely bring more stability to all markets.
Here's what the market looks like in picture form. These are all BaT and PCAR Market sales, buyer's commission included. Unlike a year or two ago, the spreads are now so huge it's virtually useless as a price guide:
Thank you for the interesting data.
How easy would it be to re-run with the last few months of data?
Our fiat dollars are worth less and less daily as they keep printing so it takes more of them no matter what you buy. Prices aren't going up the value of the dollar is going down. Except for precious metals.
Haven't seen an RNM, yet (with the exception of that one with the questionable mods) - tells me there is still demand...this batch of cars should prove either greedy sellers, a saturation of offerings, or, that auction yesterday wasn't a great example of the market conditions.
Based on the peanut gallery thread, the "known" seller in the $128k car apparently is a dealer that had the car on display in his show room?
My take, that $128k result was a combination of a Monday ending, a lack luster presentation and response, and a steal for the buyer....at $133k cost to buyer!
We shall see...
Amazing how $128k is now considered 'lack luster'.
And with 6 WB 993s competing for $, I'd expect prices to be closer to $130+/- than the $150-$170k, except perhaps Tarek's.
Will not be surprised if prices deflate a bit, and in the medium to long run it's actually healthy; having sales at $130-$140k'ish for a few months and then pose to shoot back up to $140-$170k'ish by next summer.
And in 3-4 years, $180-$220k WBs will feel like the new norm, w/ Turbos routinely going for low to high $200ks.
If I ignore the best fit curves and throw out the outliers less than 20k miles, the interesting data is horizontal. Many of these cars are trading in the same price range regardless of mileage up to about 80k miles.
Which says those that know the longevity of these cars are taking other items into consideration; options, maintenance records, responsiveness of seller for example.
If I ignore the best fit curves and throw out the outliers less than 20k miles, the interesting data is horizontal. Many of these cars are trading in the same price range regardless of mileage up to about 80k miles.
Which says those that know the longevity of these cars are taking other items into consideration; options, maintenance records, responsiveness of seller for example.
Which says those that know the longevity of these cars are taking other items into consideration; options, maintenance records, responsiveness of seller for example.[/QUOTE]
People may be seeing that there is no end in the short term for inflation and the values of these cars are not ever going to collapse to pre-COVID levels. So why not?
When I bought my car a few years ago, it stung a little that the same car was selling in the ~60s a few years prior to my purchase at 89k. I realized at the time that I just needed to get over it and buy the thing. And now look at it.
There has to be a ceiling though. I just don’t see a C4S breaking $200k. Not consistently and not anytime soon, unless inflation just goes unchecked.
I think inventory on these cars will inevitably dry up. I just don’t think there are enough to keep this up.
Isn't it possible that the latest cohort enthusiast buyers decide the 993 isn't for them (unimaginable, I know) and try their luck at flipping for a profit? I plan to keep mine forever but there are a lot of good cars out there, vintage and modern. I think there could be enough 993s changing hands to keep the market moving.
Here's a chart comparing prices from the period Jan 2018 - May 2019 to the last 5 months. The lines are the curve fits to the sales data for both periods, including commission.
09-28-2021, 12:16 PM
