supergrass

I know at this point it is argueable whether or not we are headed into a recession, but it sure seems like alot of Twin Turbo's and other luxury cars are hitting the market lately. IF we are headed toward recession, how much do you think values on 993 may go down?

Harvey Yancey

If a lot of people try to sell at the same time and flood the market ... the prices will go down ... otherwise you will see the current patterns continue.

Wilder

The price of collector cars went way up back in the late 80's. It'd be interesting to see what happens with 993 prices if the US (and probably the world) does in fact go through a correction/recession.

993MAN

We must be in a recession here now then, because there are about 5 TT's for sale right now, and a few 930's, a few 996TT's but only a couple of 993's. I didn't even know there were that many 993TT's in this country, but they are all for sale!
I reckon a good 993 will hold up long term. S's will for sure
Personally i think it's the price of petrol that brings on all these sales.

supergrass

When I look at the values of Porsches, especially the older models, it looks like the 993's in the $20's are near their bottom. I know as time goes on, it can become about supply (cars being poorly maintained, wrecked,stolen,rust, etc.) but in terms of inflation, I think within 10 years you won't be able to get one of these in the $20's unless major problems with the car. I am predicting if we go into recession you will see a flood (not sure that's the right word) of these cars come up for sale and probably create amazing buys for cars with moderate to high mileage before then rebounding when economy rebounds.

bill d cat

Since I'm looking for one, probably not enough.

Robin 993DX

Even with all the bad news, I don't think the **** have really hit the fan yet. It is probably really going to hit bottom around mid or late next year.

When it happens I think the 993 price will be drop, but not as much as some of other vehicles like a Ferrari. I have been watching the Ferrari market closely recently and noticed that you can't fetch more than $95k for a 99 360, which was going around $99k 3 month ago.

If you own a 993 NA, I wouldn't worry too much about a drastic price drop as the price have bottomed out on the 993.

bill d cat

Ms. Market does not appear to be anticipating any major downturn in worldwide Porsche sales.

If you're a construction laborer or a hedge fund manager these may not be good times. How many construction laborers or hedge fund managers drive 12-year old 993s?

doberdog

Prices of 993's will be effected but I think if things get worse the number of stockbrokers etc trying to get out of expensive 997 leases will effect the 997 market more.

993inNC

Its all relative gents. And as usual, those that have money won't be affected. This correction recession thing is nothing new. I usually make money (for some reason) when no one else is (recessions, etc..) so bring it on. Maybe that GT3 is going to be in my future after all instead of a big $$ motor/tranny rebuild.
I don't believe fuel prices has anything to do with the # of cars on the market. We don't drive these cars because they are efficient to drive or anything. It all comes down to personal finances. Some can afford to keep them and others can't. As jobs get lost, and we drop into recession (I agree with Robin on the time table......bottom comes a year from now and rebound starts in 2010) I believe you'll see some great deals come up and then the prices will rocket up once everyone's back in money again.
One thing's certain, the next year or so will be an interesting ride......

cabrio993

What recession?