Notices
996 Forum 1999-2005
Sponsored by:

996 vs 993 - will prices meet in the middle?

Thread Tools
 
Search this Thread
 
Old 05-21-2015 | 10:37 PM
  #121  
jdjones2010's Avatar
jdjones2010
Pro
 
Joined: Apr 2010
Posts: 668
Likes: 1
From: Duck Dynasty Back Yard
Default

Originally Posted by alpine003
This is exactly my thoughts as well. Miata, CRX, Mini, BRZ, Elise are also "fun" cars and some of those are actually more fun than my 996 around crowded urban environments, dare I say(flame suit on).
Alpine, you could have at least left out the Miata!
Old 05-22-2015 | 03:28 AM
  #122  
johnireland's Avatar
johnireland
Thread Starter
Rennlist Member
 
Joined: Sep 2014
Posts: 1,652
Likes: 13
From: Sherman Oaks, CA
Default

Originally Posted by mongrelcat
Agree 100%. The only eBay completed sales for clean 993 NB coupes in the last month are:

$48.9k (75k miles)
$54.9k (47k miles)
$37.5k (96k miles)
$42.5k (79.5k miles)
$40k (117k miles)

(Two 993 turbos as well at $160k and $200k...)

http://www.ebay.com/sch/Cars-Trucks-...le=Clear&rt=nc

As for purchasing a 'listers car, check this out. Not nearly as easy as it used to be...

https://rennlist.com/forums/vehicle-...1-993-cab.html

As for the OP, will 996 and 993 prices meet? I don't see it happening anytime soon.

There are 140 993 coupes for sale on Autotrader today. Avg asking price is $72k.

There are 710 996 coupes, avg asking is $28k.

There are 100 996's listed below $20k.

And as an aside, there are 100+ 997 coupes below $40k asking price on Autotrader today. (25 are below $35k.)
Asking prices are like padded bras. Only two numbers interest me. 1) completed sales. 2) sales that did not go through because the high bid didn't make the reserve.

In terms of base car collectability it is usually the first and the last that become the most desired. But there is no clock or master plan that can predict when this will happen. It happens whenever a spontaneous market makes it happen. And it goes away in the exact same way.
Old 05-22-2015 | 03:46 PM
  #123  
RodKnock's Avatar
RodKnock
Rennlist Member
 
Joined: Jul 2007
Posts: 1,135
Likes: 6
Default

Originally Posted by johnireland
Only two numbers interest me. 1) completed sales. 2) sales that did not go through because the high bid didn't make the reserve.
Yes, and that's why Mongrelcat quoted actual 993 sales that weren't salvage or rebuilt titles. The averages 993 Coupe sales price, in the last month, was $45,000 with an average mileage of 83,000 miles.

The asking prices for a 996 Coupe averaged $28,000, so actual sales prices will/would be far lower.

So, the point being is that they'll likely NEVER meet, regardless of any downturn in the market, because 996 prices would recede as well.
Old 05-22-2015 | 04:17 PM
  #124  
Gonzo911's Avatar
Gonzo911
Rat Balls
Rennlist Member
 
Joined: Dec 2011
Posts: 3,636
Likes: 13
From: Scottsdale AZ, USA
Default

Originally Posted by johnireland
Asking prices are like padded bras.
WTF?
Old 05-22-2015 | 04:46 PM
  #125  
FlatSix911's Avatar
FlatSix911
Nordschleife Master
 
Joined: Jun 2003
Posts: 5,312
Likes: 18
From: Los Altos, CA
Default

Originally Posted by johnireland
There are several special cities in the world where property values are outside the norm. SF, Paris, Manhatten, London, Shanghai, and a few others are unique.
They do have soft spots in their real estate markets but not anything like the ups and downs in "less special" cities like Los Angeles and Madrid and even Monaco.
Originally Posted by RodKnock
That's the point. "Special cities" and 993's (last of the air-cooled) are analogous. They're both special. And both will appreciate over time.
A Perfect analogy ... Special cities = Special cars.
Old 05-22-2015 | 05:09 PM
  #126  
Flat6 Innovations's Avatar
Flat6 Innovations
Former Vendor
 
Joined: Nov 2010
Posts: 6,968
Likes: 2,295
From: Cleveland Georgia
Default

FWIW- I favor my 993 less than all the other Aircooled cars I own. That doesn't mean I don't like it, that means it'll be the first to get dumped :-)
Old 05-22-2015 | 05:32 PM
  #127  
5CHN3LL's Avatar
5CHN3LL
Race Director
 
Joined: Sep 2012
Posts: 10,422
Likes: 214
From: SOcialist republic of CALifornia
Default

Why? He was listing cars you can drive at 8/10 in the city and have a blast without spending the night in jail. The Miata's 167HP 4-banger allows you to row through a few gears without breaking the law. If I wind out second in my 996, I'm already going faster than the speed limit on any public road in SoCal.

There is a certain pleasure in having a good little car that you can flog without endangering the rest of humanity. The Miata is certainly one of 'em - check the SCCA autocross results if you have any question about whether the Miata deserves to be on the "good" car list.

Originally Posted by jdjones2010
Alpine, you could have at least left out the Miata!
Old 05-22-2015 | 05:41 PM
  #128  
DTMiller's Avatar
DTMiller
Rennlist Member
 
Joined: Feb 2013
Posts: 3,599
Likes: 337
From: Summit Point, probably
Default

Originally Posted by 5CHN3LL
Why? He was listing cars you can drive at 8/10 in the city and have a blast without spending the night in jail. The Miata's 167HP 4-banger allows you to row through a few gears without breaking the law. If I wind out second in my 996, I'm already going faster than the speed limit on any public road in SoCal.

There is a certain pleasure in having a good little car that you can flog without endangering the rest of humanity. The Miata is certainly one of 'em - check the SCCA autocross results if you have any question about whether the Miata deserves to be on the "good" car list.
167? You got one of those fancy new ones?
Old 05-22-2015 | 06:08 PM
  #129  
alpine003's Avatar
alpine003
Banned
 
Joined: Mar 2010
Posts: 7,697
Likes: 29
From: Chicago
Default

Originally Posted by DTMiller
167? You got one of those fancy new ones?
LOL
Old 05-22-2015 | 07:37 PM
  #130  
peterp's Avatar
peterp
Drifting
 
Joined: Jun 2005
Posts: 2,194
Likes: 781
From: NJ/NY area
Default

I don't think that prices will ever converge towards 993's, but I do think that the 996 will come to be appreciated more in the very long run because it is a great combination of a light and tossable car that also has all the modern creature comforts to make it work really well as a daily driver. Our recently acquired 2000 6-speed feels lighter and more tossable than my 87 Carrera 3.2 did, partially because of power steering and because it has so much more power than the 3.2, but also because the 996 is actually quite light. It is not quite as light as the 3.2, but it is quite a bit lighter than the models before and after the 996:

http://blog.caranddriver.com/porsche...-legend-grows/
964: 3050 lbs
993: 3080 lbs
996: 2900 lbs
997: 3253 lbs
991: 3250 lbs

Normally weight measurements for the same car vary a lot depending on how they are measured, but because all of the above weights are from the same source (Car & Driver), it seems like it might be a meaningful comparison.
Old 05-22-2015 | 11:28 PM
  #131  
johnireland's Avatar
johnireland
Thread Starter
Rennlist Member
 
Joined: Sep 2014
Posts: 1,652
Likes: 13
From: Sherman Oaks, CA
Default

Originally Posted by RodKnock
Yes, and that's why Mongrelcat quoted actual 993 sales that weren't salvage or rebuilt titles. The averages 993 Coupe sales price, in the last month, was $45,000 with an average mileage of 83,000 miles.

The asking prices for a 996 Coupe averaged $28,000, so actual sales prices will/would be far lower.

So, the point being is that they'll likely NEVER meet, regardless of any downturn in the market, because 996 prices would recede as well.

As of 6:13 pm on 5/22/15 there are 13 sold 993 C2 coupes listed on ebay. Not asking prices...sales prices. All clear titles. No S models, targas, cabs or C4s.
Low price (a tie) $30k but one was best offer below 30.
High price $54,900.
Average for all 13 cars $35,220

Miles - low 47k
high 136k
average 92k

The highest milage actually sold for $35k, 5 over the low price.
The lowest milage car was also the highest priced car.

There isn't any need to provide links, anyone can go on ebay and look at sold 993s under the same criteria I just used.

996 prices don't have to rise that much if 993 prices are slowly drifting down. And not all cars will meet...I'm just saying that sooner than later we will see overlap.

No reason to get bent out of shape over it.



Quick Reply: 996 vs 993 - will prices meet in the middle?



All times are GMT -3. The time now is 07:23 AM.