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997 Gen 2 depreciation - will this be a classic?

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Old 01-04-2018, 07:36 PM
  #46  
Qwksnke
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Originally Posted by fyn
I think there's some conflating of WW production numbers, and US sales numbers. I suspect you both are correct, just not talking about the same thing.
Agreed, WW production number doesnt mean that much on this topic. Its all about the amount sold in the country you live in as well as the demand.Prices in one country have little to do with prices in another.
Do I think 997.2's are going to worth 100k? Absolutely not. I do believe they are close to bottoming out in depreciation though.
Personally, i don't care. I bought my C2S to drive and enjoy. If i make money off of it within the next 10 years, great. If I don't, no big deal.
Old 01-05-2018, 07:36 AM
  #47  
alexb76
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Nope, unless you have limited edition cars, 997.2 production was hit hard by the recession, I did a tour during that time of Porsche factory and they said they cut work week to 4 days to lower number of produced cars... that's why their numbers are much lower than 997.1. So, if you're thinking investment, GT cars, Turbo and maybe GTS would hold value. The new GT3 manual has impacted 997 GT3 values quite hard, and maybe it's not a bad time to get one?! Not sure, at this point IF Porsche stops doing Manual/NA engines after 991.2 GT3, it will impact ALL past NA/Manual car values.
Old 01-05-2018, 10:55 AM
  #48  
Paolo123
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I think 997.2 will hold its value better than 996, 997.1 and 991.1 in the long run because the 996 headlights is ugly and the 991.1 is too fat and not as sexy as 997.2. The 991.2 is much better looking than the 991.1 so that might be a different story.
Old 01-05-2018, 10:57 AM
  #49  
996AE
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And, you forgot to mention; buy bitcoin in case youre wrong!

Last edited by 996AE; 01-05-2018 at 11:45 AM.
Old 01-05-2018, 11:40 AM
  #50  
ElectricChair
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> 997 Gen 2 depreciation - will this be a classic?

Yes, definitely a classic in a near future world packed with electric powered and self driving cars.
Collectible? Definitely not with exception of low miles GT cars, speedsters and sport classics.. these cars will continue to appreciate in value. All other "ordinary" 997.2s will slowly depreciate.
Old 01-05-2018, 11:42 AM
  #51  
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Many countries and even states in the US are looking to ban the IC engine. If that holds true, in 10 or 15 years, a new buyer will need to think about how long they intend to own the car. Califorina is wanting to ban the internal combustion engine in 2040. They would simply not allow you to register the car for road use. That means these would all be track queens. At that point, I would think the value would drop across the board. Who knows, maybe the mission e will be the Porsche to have.


Last edited by JWYR; 01-05-2018 at 11:43 AM. Reason: typo
Old 01-05-2018, 12:04 PM
  #52  
Bruce In Philly
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Originally Posted by JWYR
Many countries and even states in the US are looking to ban the IC engine. If that holds true, in 10 or 15 years, a new buyer will need to think about how long they intend to own the car. Califorina is wanting to ban the internal combustion engine in 2040. They would simply not allow you to register the car for road use. That means these would all be track queens. At that point, I would think the value would drop across the board. Who knows, maybe the mission e will be the Porsche to have.


While anything is possible with government, I can't imagine them truly banning internal combustion engines. This is a cut to the jugular for low income and the poor. I can see them banning sales of new IC cars, but not the use of old ones. If you read up on poverty and breaking the cycle of welfare, one of the biggest issues is not that they are lazy, but there are real structural problems for low income folks.... one of the biggest is transportation from where they live to where the job is.... this is a real problem.

Peace
Bruce in Philly

Last edited by Bruce In Philly; 01-05-2018 at 02:47 PM.
Old 01-05-2018, 12:27 PM
  #53  
ElectricChair
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Originally Posted by Bruce In Philly
I can see them banning sales of new IC cars, but not the use of old ones.
Peace
Bruce in Philly
This.
Old 01-05-2018, 12:52 PM
  #54  
JWYR
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Originally Posted by Bruce In Philly
While anything is possible with government, I can't imagine them truly banning internal combustion engines. This is a cut to the jugular for low income and the poor. I can see them banning sales of new IC cars, but not the use of old ones. If you read up on poverty and braking the cycle of welefare, one of the biggist issues is not that they are lazy, but there are real structural problems for low income folks.... one of the biggest is transportation from where they live to where the job is.... this is a real problem.

Peace
Bruce in Philly
I am sure that banning new car sales will be more likely. I only brought this up because I can see this having an impact with “Classic” cars. If NA engines are gone next year, there will be a good chance that IC only cars will not be far behind. I would think that we are only a model generation from hybrid 911 as a standard. At that point, there will be a market for NA engines. This would help drive the 997 and early 991s as classic Porsches. There will be enough of them around for third parties to still make parts and pleanty parts at scrap yards. NA 911s will be rare, but available. This will help create a market that will keep prices stable. From there, people will want the best examples.

Last edited by JWYR; 01-05-2018 at 12:57 PM. Reason: Typo
Old 01-05-2018, 02:35 PM
  #55  
crossroads
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So what I am hearing is that non GT 997.2’s will be worth scrap metal when the IC engine is phased out. Probably the same discussions took place in the early part of the 20th century when horse drawn carriages were being replaced by ‘the horseless carriage”.

Do you think I can use that argument when I’m negotiating the price of my next IC car? Or maybe just go electric now. Heresy.
Old 01-05-2018, 05:18 PM
  #56  
Tcc1999
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Originally Posted by 996AE
Not so fluffy. Just an opinion. 997 is a great car. Its just mass produced and except for a very very few models in 20 plus years they are still not collectible in my life time. Insurance, registration, service, storage will crush ROI. Now, if we have run away inflation and NK invades, that could change everything.
This is a good point, the cost of insurance, registration, etc., that is. What many also forget is the future value of money (the impact of inflation on purchasing power). So, for example, if you pay $100K for a car in 2018, and inflation averages 1.8 percent over 10 years, you would need to sell it for 119,530.23 to break even (this sum would have the same purchasing power in 2028 as $100K has in 2018). A significant rise in the rate of inflation would mean you’d have to get even more in 10 years - which may be a big ask if the economy is imploding. Anyway, this is something that people seem not to take into account when they think about their ROI - it also makes depreciation look even worse.


Old 01-05-2018, 08:48 PM
  #57  
K-A
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Originally Posted by Paolo123
I think 997.2 will hold its value better than 996, 997.1 and 991.1 in the long run because the 996 headlights is ugly and the 991.1 is too fat and not as sexy as 997.2. The 991.2 is much better looking than the 991.1 so that might be a different story.
Lol. The 991.2 is the exact same “fat” body, just different rear lights and different/more lines in the bumpers.

These are all nice cars so future classic status will be mostly determined by which are more pure, and which have said purer elements that are phased out (always the standard bearer for what makes for future classics).
Old 01-06-2018, 12:23 AM
  #58  
halperin45
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what are the production numbers for the 991s so we can compare to the 997s



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