Lerxst

I'm looking at a 1996 993 and trying to find what the selling price range (not asking)... The Kelly Blue book shows 30,200-34,100. How accurate is this? Any other reliable sources available?

Thanks!

TheOtherEric

This site says it all:
http://www.autobaron.com/cars_for_sa...(carrera)/1996

Sale prices are typically 5%-10% lower than asking prices.

Ty Smith

Great chart.

Seems to me there is a major difference in Private Party verse Dealer sales. maybe 10% or greater.

robroy72

Narrow body / wide body?

Mileage?

How well optioned?

Condition?

Lerxst

1996 C4 w/ 39,000 miles... going to inspect next week for options and condition.

ceboyd

price is very subjective...


What options, what mileage? Is it 100% stock or setup for track?

Someone looking for a 'street' car usually wants only 100% stock with maybe a few tasteful mods and a car that hasn't been to a track, whereas a track person is going to look for good track modifications (which get very expensive) and will want to know what kind of tracking (DE vs. Club Race) the car has been in and if there were any OTEs.


I have seen 993s sell for as little as $26k (with higher mileage and issues that need to be addressed) and as high as $65K for a super low mileage 98 C4S heavily optioned from the factory. ..so pricing really is all over!

hddude

The data doesn't look linear to me.

Lerxst

True... but the prior posters hit the nail on the head. You can have a several cars with 50K miles. One's stock, one's race prepped, another's been cared for, and the other's been beat on... you'll have 4 very different prices.

robroy72

Err... that same car was on eBay. The ride height is way off, probably been in an accident. I wouldn't touch it.

InTheAir

My thoughts exactly--how can you put a line to that shotgun distribution? That being said, I like the indicated value on my 27K 993.

Marv

Easy. Break up each column for mileage so that you have a set of ranges (i.e., 10 to 20K, >20K to 30K, etc.).

Take the average of the points for each column. Draw a line through those points and you have a trend.

If you want to get more accurate you can apply further statistical analysis to each column, but the red line is a rough trend line and it does make sense to me because it represents an average condition car with increasing miles.

What isn't on the graph is car condition for each mileage column, so the spread is pretty wide as you would expect.

The other issue is the sample size is small, so drawing trends with low sample sizes tends to provide a large margin of error.

Marv

Also, that graph is for all 1996 models. I found Turbos is the listing, so that is another reason for the wide spread and the inflated red line.

InTheAir

Marv -

Taking the average of each column and then further drawing a ~linear~ trend line through those average points (read: that don't even intercept the average values) is a bit...errr...inaccurate. If anything, that data above suggests that the value based on mileage is ~not~ linear but is probably more parabolic in two areas than anything, which makes sense--low, low mileage cars tend to command a higher than expected price, then prices start to drop off until plateau'ing on the bottom end.

I realize curve-fitting is definitely off-topic, but the original poster should understand that the chart posted above is not gospel. In fact, as you pointed out, it doesn't take into account condition, availability of records, original options, upgrades, etc.

It seems the best thing to do is post here about a specific vehicle--we all like to valuate them after seeing what they have, miles, options, etc.

MrClean

That autobaron.com chart is pretty cool. It makes total sense and I find it extremely helpful as a potential buyer. I wonder why it took so long for someone to do this.

Thanks for the info and link Eric!

Lerxst

Thanks everyone... I appreciate the input.

RobRoy... those were the exact pics of the car on Ebay? How would I verify this is the same car? I'm planning on getting a PPI from a Porsche mechanic w/ 35 years experience... would that catch something like this?