JCortney

I've looked at every dealer within 500 miles of Dallas and they are all LOADED with cabs. Somewhere around 6/1 ratio. It's really hard finding a nice coupe that isn't black/black or Artic/Black.

Joe

Soulteacher

That, with all respect, is untrue because there's not a single cab for sale at my dealer, neither new nor preowned. And I'm only 200 miles away from Dallas.

JCortney

Sorry if I was misleading, I only searched for S bodies:

Park Place Porsche 25 Cabs - 6 coupes

The Porsche Store 14 Cabs - 5 coupes

Soulteacher

Not necessarily, particularly not for luxury items. While it is an assumption that - intuitively - makes sense, in reality it is not always true. In this specific case it could be quite the opposite. Ultimately, it all depends on factors such as purchasing power and price elasticity of demand. Here's why:

Let's say, the group of people willing and able to purchase a new 997 cab (at new-cab price) is relatively small. That would then mean that dealers have many new 997 cabs for sale (which has been the observation by some/many in this thread).

However, at the same time, the group of people willing and able to purchase a used 997 cab (at used-cab price) might be quite large. Those people will wait for used 997 cabs to become available. Since fewer people are purchasing new cabs, fewer used cabs will become available, leading to an increase in value of used cabs.

So the whole thing may work in favor of current 997 cab owners entering the resale market.

mastiffdog

Where were you when Alan retired?

icon

you me the sky is not falling???
sounds good to me!
you stat profs are good for somethin!

Soulteacher

Jeff, that's NCDell and Statman... I'm consumer psychology and international marketing!

(Marketing is everything and everything is marketing)

Soulteacher

Ha ha... well, OCBen messed it up... he has these connections... and insisted that Alan's successor must have the first name 'Ben'...

YA911Fan

Nice theory.

In practice, you will lose your shirt, thanks to cars coming off leases, Porsche's CPO competition, and a general unwillingness of buyers to plunk down a large amount of cash on a "never been tracked, never driven in the rain" high performance sports car without a warranty. And, surprisingly, 993 cabs have had much less resale value (%-wise) than the coupes (I have no idea why...).

Of course, you'll have lots of fun before you lose your shirt, so don't worry about it!

Soulteacher

Nice, isn't it? But your initial statement was simplified economic theory, too, so nothing different really from my side.

In either case, the good thing is (while I appreciate concerns), I don't think many of the 997 cab owners in this forum are going to lose their shirts even if values plummet to zero. If I remember the whole recently revived "can I afford a 997" discussion correctly, most of the cab owners used equity financing und kept their shirts to serve as collaterals for - I don't know - something else anyway.

Nevertheless, I'd definitely be interested in the stats you are refererring to (993 cab vs. coupe resale values in relative prices). Do you (or anybody) happen to have the reference at hand? Thanks!

======================================

ADDENDUM: Since we were talking about pricing today in class, I thought I let my students do something useful and had them calculate the average 996 used base coupe price and the average 996 used base convertible price, using data from used-car websites. The results supported the argument that cab prices fall stronger than coupe prices (average price was $58,385 for used coupes versus $61,035 for used cabs).

Of course, this simple approach only looked at the base version, did not control for any other value-related factors (initial purchase price, condition of vehicle, etc.) and did also not consider possible seasonal price fluctuations (cabs may be more expensive in early spring than in mid-summer).

Most importantly, the results may not necessarily be the same for 997 models (I have a theory about that, too!). Nevertheless and ceteris paribus, we did the same calculation for the 997 models with the following results: average price was $75,117 for used coupes versus $82,959 for used cabs. However, the number of available 997 used coupes was 3.57 times higher than the number of available 997 used cabs, so considering the relatively small sample to begin with, that may skew the results quite a bit.

And, yes, I know I’m a very sick man.

SilverSteel

Someone published a production number for the cabs and it was significant. Didn't they sell more cabs than coupes? Someone confirm...

SilverSteel

I didn't buy mine to make money so the IRR or ROE is unimportant since it doesn't exist. Depreciation--I got bugs in my teeth since I can't get the smile off my face from hauling *** with the top down.

YA911Fan

Don't expect rigorous stats from some clown on a car board!

However, you can get a pretty good idea of the 993 coupe vs. cab disparity by looking at Autotrader.com. That should be a large enough sample set to have some validity, even for you...

ronmart

Amen brother!

I just did my first top down evening drive the other night because it was 88 degreees outside ( a rare event in the evenings in Seattle - its usually between the 50's at night even if it is super hot during the day) - it was AWESOME!