yemenmocha

Priced out a 2005 997S with 18k miles in "outstanding" condition (highest one) and it shows upper $60's trade-in, low $70's retail, and upper $70's for dealer CPO.

These numbers are very different from what I'm seeing on autotrader and at my local dealer. Is edmunds far off, or are the asking prices inflated and the cars are selling for much less than the asking prices?

Any hunches on what to expect 8-12 mos. from now? With the new Cayman, an increase in supply of C4's and '06 C2's, plus the demand for the X51, wouldn't that mean a nice drop in prices for 2005 997S's for a used buyer like myself? (Or am I just being too optimistic?)

Thanks
Aaron

fuenfer

Edmunds, KBB and all those others use their own regression "model" to determine resale value on the vehicles. In other words, they don't necessarily sample prices, but instead, take a guess as to what the prices should be based upon their "model." The only source that I know of that actually aggregates actual selling prices (albeit only at auction) is galves.com. It's a subscription source, but it will give you a very accurate idea of what the wholesale value of the car is.

abiazis

Neighbor bought 12,000 mile S for $ 75k..........msrp was 89.5K.........cars are depreciating assets unless they are really exclusive, i.e. limited production, etc......as we all know..........good deals to be had in future on 997's and 996's........993 dropping also...........se la vie..........

searching4996

Edmunds seems to follow a computer model that drops the price based on a preset residual value formula. As a result it's terrible at predicting values when a certain group is suddenly glutting the market. For example, a 2003 Hummer H2 has an edmunds value of 34.5 k right now. Not a snowballs chance in hades you'd be able to sell one for that this month.
Now there do seem to be quite a lot of Porsche's for sale at the moment, at least in the 996 models. To be quite honest, I've never seen a car with more pricing disparity than the 911. Most cars sell within a 5 thousand dollar band for each model year, but there are 50,000 993's and 30,000 996's. I have one guy close to me that specializes in Porsches and list his cars for at least 15 grand higher than comparable ones in the market ( comparable meaning same age/mileage). Frankly, it makes it tough to decide whether to even view the grossly higher priced ones, though I'm sure they must have some things that make them more valuable.

searching4996

I apologize, my last post didnt really answer your question, it was more of a rant