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Of course there will be less and less people interested in them over time, it's normal. How many here lust after a brass era car? How about 50's era vehicles? There are plenty of people buy cars that they wanted in their youth, or captivated them when they were younger. When my dad was stationed in Germany, we were on our way back to the AF base, we were passed by a Porsche 911 and Ferrari 308 "playing" on the Autobahn. That really stuck with me.
I'm always surprised when I see young kids (5 years old) pointing and staring at my 993, exclaiming to mom "look, race car, race car!!". These kids have no idea the history or cultural significance of the 911 but they're still clearly drawn to the shape and presence. Although it may just be certain features on my car that catch their eye - the stance, deep dish wheels and a rollbar. Maybe these kids point at mustangs the same way.
In general though I agree that future generations of enthusiasts won't drool over these cars like we do. Maybe in the future all aircooled 911s will stagnate in desirability while more "modern classics" like the 997 become the prized items. After all, we are all driving 993s and not 356s. Maybe our cars will be the 356s of the future - museum pieces taken out by old guys on Sundays.
Anyone seeking value should look to other models in my opinion. The 996 GT2 and Turbo S seem grossly undervalued. The 996 and 997 GT3 may also have some room to grow. If you really wanted something collectible, I think those would be a better bet than a basic 993 Carrera. As it was mentioned previously, the great run-up in 993 prices is over and we've settled into a realistic market based on fundamental supply and demand.
The other issue is liquidity. The car market isn't very liquid. If the markets tanking you're not going to find a buyer. At least in the equity markets if you have to get out you can.
Maybe I'm wrong.... It's just an opinion. Eventually they'll move on to something else.... Its just a matter of time.
I would agree there is a majority of today's youth that could care less about possessions of anytype. They don't want a car house or any unwanted baggage. The car kids I know seem to group in pacts not much different than it was back when I was in my 20's eons ago. Just a bit more spread apart. I see a lot of kids that want early 911's but can't afford them and they are scared of the associated costs. My sons friend went from a BMW 2002 taking second with his garage build at the Audrian Motor Week https://classiccartrust.com/news/201...perfect-event/ and has now joined the PCA world and purchased a 944 as his next project car. All I can say is God Bless him. With 71 million potential next generation owners there might be enough lurking out there like him to be the future caretakers.
Originally Posted by Bigwood
I don’t buy “collectibles” as an investment but as a place to park some cash. Hopefully I’ll at least break even one day and in the meantime I’ll drive them for fun. If I don’t see appreciation, my kids can have them..
Now, I am on the hunt to find a perfect, low mile 933tt or a 930 turbo!
I never really considered these as collectibles as much as a diversion or hobby. I can honestly say I never had a monetary loss on any air-cooled 911 I owned including upkeep but I always went in expecting to get nothing but pleasure back and I got that in spades. Didn't hurt that I was able to sell each one for more than I paid and countless miles of fun. IMO buy smart and you will never get hurt and have something that gives you pleasure. Buy to make money and you may never be happy. I am up 500% on my turbo but what's the point. So I can pay more taxes. My son if he plays his cards right will someday have some toys to enjoy. BTW I was offered a low mile 930 today I passed on as I am not in the market.
Originally Posted by HalfGerman
Of course there will be less and less people interested in them over time, it's normal. How many here lust after a brass era car? How about 50's era vehicles? .
What's not to love about Brass era cars or some of the wacky 50's styling. If i bought into everything I appreciate I would need Jay Leno's budget.
Also here in Italy we were facing the same argument with friends couple years ago.
My personal point is: it is evident the new generations are are showing much less interest for mechanic, for speed, for driving, for being happy about the idea of owning something, and everything around them, from the climate changing, to the criminalized pollution and the fake diesel gate, etc. etc. all will make this tendency increase, BUT...there is a BUT...the kaefer will still have appeal, because of its cuddling and very freedom inspiring look, and the 993 will become the must have 911, because of its beauty, because it is pop, because it is an icon, because it doesn’t scare the incapable driver with so much power, because it offers an amazing driving experience, feelings, connection, while on country open roads as much as while driving on slowly across the city.
something that no other 911 can offer all in the same car...older than 993 are not that comfortable, not that easy going, not that beautiful in such a modern way, younger than the 993 are even more comfortable, maybe too much, so much that the feelings while driving are almost unpercievable, and they can scare the future and present young not interested owner, because they run too fast.
at the same time, the smell of the car...the sound of the door closing...the weight and quality of the materials...all the senses will tell them, even if they ignore why, that car represent a bridge, a bridge to a place they don’t know, made of fascination, misterious, and so much seductive, right because they don’t understand it.
And then, again, because there is no navi, no internet connection, possibly no telephone, no Bluetooth, nothing, just the car itself and the person...993 will represent the therapeutic buy, for the soul, for the senses, they will become being addicted, because what the 993 is, will overcome all of their firewalls in the most natural way.
does it really need a human being to be conscious of his happiness, while he is experiencing it?
Having been an old car guy since I was a young car guy, if your choice is a 993 v. a new or newish sports car (say a 981) and in five years the expected value of the 993 will be about what you paid and the expected value of the 981 will be half what you paid, the math really says to buy the 993. In spite of the maintenance costs people worry about, they are not something like a 355 where there is a built in really high cost to keeping them going and, frankly, I’d take a bet that a 993 is more reliable than a 981 (although both are good).
The 993 (save the expensive ones like the GT2, turbo S, and RS) is a car any reasonably successful person can afford and, yes, maybe the $50k car you buy might end up a $25k car if the economy crashes, but you are guaranteed to lose $25k if you buy/lease a new entry level german luxury brand daily. Outside of the crazy rare stuff, I don’t think anyone is consider a car an investment to make money (or at least not much money), but rather a way to not lose too much money while having a fun car to drive/own.
[QUOTE=cobalt;16370060]Why do you say that. I am seeing a new generation of 20 somethings that can't get enough of vintage cars and just about any air-cooled 911 is on their bucket list. I don't think we will see enough lost interest regarding these cars in most of our lifetimes although I am only around for a few more
Unlike their parents and grandparents, most millenials are neither hoarders nor collectors. They are getting their driver's licenses later in life and many don't own a car at all. Although they like vintage cars, they are not buying the way we did and I suspect the collectors market will be far different in 30 years than it is now.
Yes that car was offered previously for like $50K and instead of someone buying it the 'experts' in here decided to shred the car. So it was pulled. My C2S has 197K+ miles. I would not sell it for $75K so hopefully someone grabs this one and enjoys another 200K miles of road experience on it. I know I would. #PORSCHEON!
Wow. This thread has been cold for awhile. Marker of how the 993 market has gotten??
At the risk of having @L39E call me out I may toy with the idea of offering up both my wide body 993s as a lot later this year or after the world comes back to normal, whichever comes first. Both have long standing history here on RL. Premature offers and unsolicited thoughts are all welcome.... #stayathomeorder
As I mentioned earlier, your unsolicited thought is welcome. IF.... BiG IF, I sell, trust me it will not be to a dealer. And it is both or nothing...… KOW, do not need to sell, just understand that our time with these cars is ephemeral….. and interests wander off. @u7t2p7 Everyone is entitled to their opinion.
01-22-2020, 11:47 AM
With 71 million potential next generation owners there might be enough lurking out there like him to be the future caretakers.
#stayathomeorder