bdronsick

Inflation. In other words “prices keep drifting up” 🤣🤣. Not to even mention supply and demand. More (passionate) buyers for 996 now than 1999. Many more. And growing daily with Magnus’ IG feed. Among others.

996 isn’t just collectible, it’s become a full blown cult

rino924

I watched that green one very close. Nearly identical to mine except for a few things:

I have a 2001 and that was a 2000. I have sport classic wheels and I don't have PCM.

Mine is higher miles though at 78k. I thought I bought a little high from a boutique dealer but this softens the blow lol

Paid $29,500 in Sept last year

Billup

Because of Covid I was able to re-appropriate funds for different things that wouldn't have been on my radar otherwise. During Covid I was able to purchase a new truck and buy a house. People have more money to spend on things, so people are willing to pay up for it. Had to pay more than list price on the house because battling other people that wanted the same thing. Supply and demand. Same thing can be said about the car market, no?

bdronsick

You thought wrong. We all did.

GC996

Yep and it will probably continue this year as well before the "big" vacations to Europe and the Far East are planned. Means more money to spend on 996s.

Optionman1

All my vacation $ has instead gone for Shell V Power 93, oil changes/UOA, and various parts. I didn't qualify for any covid relief funds but my work wasn't negatively affected by the covid shutdowns so I consider myself very fortunate. The entire situation has caused a dramatic shift in many aspects of everyday life, some of which are permanent. Lots of fun activities weren't available over the past 18 months, but driving a great car on great roads at great speed was and I took full advantage.

GC996

Yep. 996 ownership, golf and pickleball.

Optionman1

I just upgraded my golf clubs for the first time in 30 years, time to get back on the course soon and see what modern technology feels like!! Pickleball looks fun, never tried it.

bdronsick

So when Covid disappears the CGT will be $300K again?? Don’t hold yer breath

Mike Murphy

Lol, the 964 didn’t go from $15k to $115k via the last 2 years. Those $15k prices were from a decade and a half ago.

The 964, however, was similar to the 996, in that it was one of the least favorite models to pick from. High supply, low demand. When the 964 was around 15-20 years old, it wasn’t really valuable. But as soon as vintage starts to creep in, and antique status is knocking on the door, demand picks up, and supply becomes constrained at the same time.

Same thing was going to happen with the 996 regardless, to your point. COVID just helped that along.

Billup

Nobody is even comparing it like that lol. All that was stated is that people have more "fun money" because of the variables that Covid threw into our lives. Like Mike Murphy notes above, it only accelerated what was already happening, but prices across the board have gone up. You're thinking of 996's becoming a full on cult is not realistic. People are just opening up that the 996 is a great Porsche, just as what happened with other previous Porsche's....., relax a little bit.

911Syncro

Perhaps there are other factors involved (other than Covid / country closing / economics changing) that are driving the increased desirability and prices of the 996:

• Headlights: there is hardly any mention of this anymore, who cares.
• IMSB: there are now reliable permanent repairs, the risk can be eliminated. And it is way less painful when the car is worth more.
• Watercooled: the end of the air cooled 911s seems like it is no longer a concern.
• Grab a classic while you can: this probably applies to all sports cars or special interest cars. The new cars today don't have the same character, and perhaps in 15-20 years from now we can only buy EVs. Just amazing how 10 years ago I had my dreams about many which are all now to expensive: XKE, 280SL, BMW 3.0 CSI, etc. All have jumped in price way more than the 996.
• Survivor cars: 10 years ago all 996s were still "kinda new", meaning they were all about the same condition. As with all cars, it starts to split between the more run-down cars and the very good ones. Now the big money on 996s is really going only to the low mileage, excellent condition ones. Average ones still seem to go for $15-$20K close to prices 3-4 years ago.
• The government keeps printing money: Even millions of people who weren't in financial trouble got a few thousand extra dollars - many decided to buy that dream car before the world disintegrates. We have now printed several trillion extra dollars, which means that the value of each dollar is less, which means that when we assign a value to something like a 996, it takes more "lower-value" dollars to assign a number.

Other factors?

Optionman1

Porsche making basically all new models turbo charged has also significantly driven up demand for N/A engines, I think that is a significant factor in 996 prices going northbound.

Putt-Putt

Your 4th bullet is dead on: Biggest factor: last affordable 911you can buy with relatively low miles, except for some 997.1's. Appreciation can seem like a no brainer, and that overcomes purchase decision objections. People want 911's this may be the last chance many have to own a nice one.

NYoutftr

Your last point about dollar value vs. 996 value is truly valid.
Does anyone have any stats on what the 996s are doing in resale value in Europe or elsewhere?