FRUNKenstein

Oh, do tell. Please. A little snarkiness never hurt anybody on a Friday afternoon.

Gonzo911

Johnny:

The economy is soft? Hmmm.

And you will decide what profit you will let your a Dealer have? At $350 per oil change cause you like the coffee?

Double hmmm.

johnireland

Yes yes yes.

FlatSix911

Johnny, the market has spoken ...

Are 996 prices rising?
Are 993 prices falling?
Are you going to own a 993?
No, No and No.

johnireland

All good things come to those who wait. Things to read re: the market: The Death of Money, Black Swan, Empire of Debt, The Collapse of Complex Societies, and lots of stuff by Ron Paul. Now is not the time to buy inflated assests, now is the time to buy hard assets...and cars are not one of them.

If you buy a car such as a Porsche...enjoy it each day but don't think of it as a growth investment.

As the saying goes, buy on the dips. Yes yes yes.

Gonzo911

There is a Wealth Effect that is in play right now. Consumer confidence and pent up demand are combining to create a buying frenzy. Luxury real estate, luxury cars, Private Jet fractionals, etc are all through the roof. Trickle down economics are at play and that is also reflected in the number of move up buyers in the real estate sector. The only thing keeping that in check are the new Dodd Frank lending regs. Probably a good thing, but still way to far on the other side of the pendulum from 2004-2007.

The Economy is growing steadily, not rapidly, which is also a good sign. Money is cheap. So is oil. But not for long. Watch interest rates and oil prices rise and their effect on the global economy. That will be key.

Or not...

Flat6 Innovations

Based on what I see the 996 has already rebounded value wise. You won't see this in the KBB values, bt you can see it in completed sales.

This year we have had a 300% increase in inquiries for cars with our engines over 2012 and every day I get a dozen emails stating " I am looking to buy a 996 and want information on preventative packages for the engine".

This is how I gauge the market, and based on it, the 996 rebound is well under way.

As far as the aircooled cars, I just added another to my collection yesterday. I can't buy enough, fast enough and I desperately need a pre 74 car but can't find one at a deal!

Chiamac

Well some of them could be at this point, below is a lot of dumb common sense but think about it.

Let's just assume the econmy stays at this level or grows over the next 3-5 years. Our lowely 996's were new back in 1999 and the last one came off in 2004ish or for rounder numbers let's say 2000 - 2005.

They are now going to be, in 3-5 years approaching 15-20 years old. I'm not saying they are going to be a classic, but I could almost put collector plates on mine here in MN.

Also think that the other models are going to be another 3-5 years older. So you're 90's ones are going to be flirting with 30 years and the 80's will be approaching 40 years. That's really old to be taking it out on the road all the time. Not that they wouldn't still be dependable, but that's just starting to get a little old.

This, I feel, moves those older models - more so than ours - even more outside of the daily driver and casual owner (someone like me that wants to drive rather than collect) to the collector. Which isn't a bad thing.

Also I feel, it moves the new buyers (someone like myself now, in their 30's) to cars like the 996 which provides a value plus modern touches - again for driving and not collecting.


Although I wasn't in the market before, but isn't this what happened to some other 911 models? They were in that perfect age between collectable and affordable - where no collectors wanted them yet and they still could be driven.

Also what we're going to see, and again this is common sense, are more high mile 996's as people like myself are getting them and using them as a daily driver. So the prices for some may still go down or stay even going into the next 3-5 years depending on how the market takes these high mile cars.

Personally I don't care, it's just something to talk about, as I'm not going to have the money or time to start a collection.

*nothing wrong at all with those collecting these cars and/or not driving them a lot. If it wasn't for everyone interested in the brand (or any brand for that matter) we wouldn't have the types of support that we do (again for any brands that are collected).

[edit] I'd love to pick up a 80's or 70's model, but I wouldn't be a great owner with no place for it or time to drive it. Plus I'd feel bad putting on tons of miles as a daily driver. I have my bikes for collecting.

IMO

johnireland

The average wage for jobs lost in this last big crash/recession was $56k per year. The average wage of the jobs created since the "recovery" began is $29k. Plus they labor force participation is at an all time low. Plus the demographics of the US poputlation has projected unfunded liabilities greater than any in history. Plus student loans are now are over one trillion (bigger than the housing bubble) and the default (permitted or otherwise) rates are skyrocketing. We are in an economy based on debt. That is not the road to recovery...let alone prosperity. Can America muddle through for another ten years? Only if continuing decline is your definition of recovery. This is all the result of 60 years of credit expantion...of kicking the can down the road instead of paying the bills due. And at the end of the road is the cliff...and we are irreversibly moving towards it. Buy on the dips, but don't rush...they will be bigger ones to come.

RodKnock

More recently, the market tanked roughly +/- around 1987, 1990, 1998, 2002 and most recently in 2008-2009, so market corrections happen. And another one will be coming sooner rather than later.

But will you be a 993 buyer, if your stock/bond/real estate portfolio dips by 30-50%? Nope, so this thread doesn't matter.

Gonzo911

We all invest in the same economy...but with different strategies based on different beliefs. Good luck to you, because I have no intention of having a debate on the state of the economy with someone who gladly pays $350 for an oil change because you like the barista at the dealership.

alpine003

Yeah I've been struggling on whether to sell my e30 m3 now rather than wait and risk another collapse where prices may swing lower. Hmmm sell my e30 m3 and 996 for a 993? LOL

chsu74

That is easy. No.

For an air cooled 993 or 964 turbo? Yes.

There is also 997TT.

5CHN3LL

Oh, SNAP!

alpine003

Yeah I was kidding but if I did, it would have to be a 997tt as a 993tt would only sit in my garage as an art exhibition, as I'd be too afraid to drive it(for more reasons than one).