pedsurg

A la GrantG, the info on 997gt3.com, and other sites, may be contributing to current market conditions.

Also, was the RS America followed by such a potential next generation wonder, or just our dearly beloved 993?

Jack

9Eleven

It's all a guess at this point. I'm not happy about my car selling for 85K. If it's selling for 85K two years from now I'll be happy.

996FLT6

I'm extremely happy at the track with my GT3- that's priceless IMO : ). Regards. Mike

Sobe

when the 997Gt3 comes out the current GT3 will be worth even less . Porsche makes too many cars now so the depreciation is out of control . When the new GT3 comes out Porsche will make thousands of them so they really kill the market as they flood it with so many cars . If you have a GT3 you want to sell now you better hurry and take your losses now before the n997 Gt3 comes out or it will be worth even less .

There are many GT3's on the market now for well under 80 and soon those cars will be only worth about 70 when the new ones come out . If you love your car and plan to keep it what does it matter how much it has droped .

http://cgi.ebay.com/ebaymotors/Porsc...95166456QQrdZ1

GrantG

Europe got the 993 RS 3.8 in MY1995, but US did not.

pedsurg

GrantG: How does its vakue compare to the RS America in today's market?

Jack

GrantG

Difficult to compare, since the 993RS was never a US car and RSA was never a Euro car (they had the much better 964RS).

However, 1995 993RS is worth about double the 1994 RSA (for the few that have been successfully imported into the US) and the 993RS is worth more than 964RS in Europe, even though the 964RS is the more extreme/focussed car.

MrBonus

Unfortunately, the GT3 truly is a niche car. At well over $100,000 new, the majority of people that want them can't afford them and people in the demographic that can afford them are generally looking for a softer car.

Its success as a performance automobile don't necessarily coincide with its success as a marketable car.

9Eleven

Where are all of these Gt3's that are all selling now for, "well under 80"? Do you have any thoughts on future interest rates, stock market tips? It sounds like you have a crystal ball telling you the future, enlighten us. The eBay listing has a reserve and hasn't been met at 77K plus. 70K for a Gt3? So you are stating that they will be worth less than a same year 996C? I don't think so. As far as Porsche making too many cars, they made 102 05' Gt3's for North America.

Cupcar

Over the years the limited production performance car that didn't sell at the time or was unexpectedly discontinued by the manufacturer in the future is the car that became a collector classic. The RS America is sort of this kind of car.

Another example the ZL1 Corvette was generally available as a racing option car, never sold in quantity because it was so extreme, and customers thought there would be another ZL1 version the following year. The ZL1 option was discontinued because Chevrolet had no use for the option as a racing car homologation model. Today it's worth a fortune as a collector classic.

The Z06 Corvette, on the other hand, will unlikely become a collector classic because it is very likely to be succeeded by the next generation Z06 type car.

Now, let's say because of GM's financial problems, the Z06 is discontinued, particularly after only a few units are built. Whamo, instant collector classic.

Exclusivity, supply and demand determine the price. The GT3 RS will be worth more than a normal GT3 in Europe even if the 997 RS is built.

Speculators who bought a GT3 thinking it would be the last of it's kind depend on the future decisions made by Porsche.

GT3BB

Jay Leno has said that collecting cars(even rare cars that appreciate), is a not for profit endeavor.

enthusiast

Yes, the 997 GT3 will have an impact on 996 GT3 value but until we know what a US Spec 997 GT3 really is we can't determine if that is a positive or negative impact !

IslandBoy

Very well said. The GT3 will depreciate just like all Porsches have done since the launch of the 1999 996. Prior to that it was possible to drive a 911 for several years with very little depreciation. Sadly, due to Porsches production volume lately, those days are over!! Drive your car and enjoy the heck out of it ...........

Sobe

Again if you are going to keep the car it does not matter . If you do want to trade up to the 997Gt3 you better sell ASAP and take what you can get becuase the car will take a massive drop when the 997Gt3 hits . I think any 996 body style will be next to impossible to sell over the next year unless you are willing to give it away . Right now even people who are selling their 997's for newer models like the C4S's are taking the biggest hits I have ever seen for Porsches that are so new , you can get 997's used now if you look in the mid 60K range , people loosing close to 20K as soon as they buy the car that kind of thing never use to happen with Porsche before . As Porsche is running 24 hour shifts at the factory and flooding the dealers with cars some dealers are discounting new cars as much as 6-7K to avoid flooring cost and this will just get worse . It is great if you are buying a new car people are shopping around and getting great deals , but when you sell the cars it is similar to American car depreciation and in the 25 years I have been buying new Porsches I have never seen depreciation like I am now .


I see Ferrari's value holding like Porsche's use to .... taking only about a 10% loss a year if that . The 996 body style is turning into something that people do not want now that the 997 is out , that is why I let my 996 go for so little . Right now the 993 prices are starting to overtake the 996 . I see people getting 70 + for a nice 993TT and some 996TT owners not being able to even get that .
It looks like Ferrari is the way to go if you want a car that really holds its value . I see people who are buying new Ferrari's every few years and selling the cars at or close to what they paid for them , they are twice as much to get into but the depreciation is nothing compared to what is going on with Porsche .

For years I really enjoyed picking up a new Porsche every year or 18 months and not loosing too much but now I can not do that . It will be interesting to see how many 997GT3's and TT's will be made a year now that Porsche is in this ( we will make as many as people will buy mode )


http://www.autotrader.com/fyc/vdp.js...ce=&cardist=64

http://www.autotrader.com/fyc/vdp.js...en&cardist=658

Cupcar

There is a Ferrari dealer near my house so I walked in the other day to look at the F430 for the fun of it.

There were no new F430 cars for sale by the dealership.

The only F430 cars for sale were "used", being sold on consignment by the dealer for their owners.

The used F430 Coupe I was looking at had 232 miles on it and displayed a "sold" sticker on it; I was told it sold for $242,000.

I asked the salesman what price they were sold to the owners new for and he said: "List price, which is what we always sell to repeat customers for".

I then said: "This F430 was sold by you for the list price and then the buyer drove it 232 miles and has sold it through you for $242,000?"

He said: "Yes, we charged him a 7% commission to do that"

I said: "So, if I buy one of these "used" cars on consignment from you I would be able to order a new one from you for list price on delivery"

He said: "Yes"

I said: "How long is the wait for a new one?"

He said: "Four years"

Maybe it was all BS but that was my experience.