jw1977

What are people's guesses as to what will happen with 997 depreciation. Obviously any car will depreciate, but what has made the 996 depreciate so steeply. I think most people agree that the 997 is superior to the 996 in every category, but when the next body style 911 comes out in a few years is this what we can expect to happen to the 997?

Thanks

OCBen

You're joking, right?

https://rennlist.com/forums/997-forum/344004-997-depreciation-compared-to-996-a.html

rountreed

997 is nothing more than a slightly updated 996 and with the same production numbers it will do no better or worse. BLUF YES

blk on blk

we are seeing two year old 997's with low miles in the low 60's already Even 997S are now in the mid 60's for a two eyar old car. That is roughly were two year old 996's were in 2005. Seems there are nice numbers out there so i think the used market is going to closely follow the 996 pattern. Without getting into the whole 996-997 pissing match it appears anyway that they are roughly plummeting at about the same rate. I suppose are more 997's reach the secondary market the more depreciation we will see just like every other car.

Likemystoppie?

With Porsche reducing the availability of the 997 chassis; we'll see the depreciation leveling off.

The B

Can you elaborate? This is the first I have heard of anything like this, or are you kidding?

Seal

yes, the 997 will depreciate just like the 996. Depreciation is inevitable in particular because of the high production numbers. If current production rates continue, the 997 will be the most produced 911 ever. However, I expect that the 997 will bottom out at a higher point than the 996. It's funny but all modern naturally aspirated (non-GT3) 911's seem to bottom out around $20.000-$25.000 with 993's going at a bit over, 964s going a bit under. 996s will end up there as well, 997's maybe at $25.000-$30.000?

007GT3

if you want a porsche that appreciates, buy some common stock shares in the company.

gmoney99

Its going to follow the trend, no doubt about it.

omeko3

I almost wish I leased my car, I hate selling my car back and being extremely dissapointed.

dstrimbu

If you're looking for an investment, find a pristine 993 C4S and store it in a bubble. BTW, it's probably too late - I saw one in Autoweek last week - $86,000.

If you're looking for a thrill every time you run to Starbucks, get a 997.

I believe that the 911 family in general holds higher residials over time than almost any other non-exotic.

Not to be flippant, but the driving experience is much more important than the residual value for me. Maybe I'm just lucky in this respect...

Just MHO.

-don

Likemystoppie?

We've been seeing this trend in the entire 911 line up. PAG is paying attention to the discounting/residual value/depreciation. We first started seeing this with the availability of C4/C4S- then the cabriolets. Now we see it in C2, C2S's ect.
I can't say whether their just building less, or releasing less to the US market; but there will be less cars available to us here in the US. 2100+ Turbo Coupes built and delivered to N.A. for MY07, now less then half that for MY08. (approx. 908ish). Only 1400ish Turbo Cabriolets will be shipped to the N.A. market. But that trend isn't only for Turbo's- we're seeing lower numbers for ALL 911 makes.

Again, I don't know what's going on- whether they're building less cars, or focusing more on other markets. But fairly soon, the N.A. market will not be as a huge a market as it is now. PAG has it's eyes on other territories. Irregardless that means less cars for us - thus driving the price of the cars up; discounting down and keeping a lid on depreciation.

Anyone with a 911 should be happy about that.

blk on blk

Likemystoppie,
Not to really argue here, but I sincerely doubt Porsche is going to reduce their supply of new cars based on depreciation of secondary market. They get nothing in revenue from the sale of those cars. They get lots from selling every single one they can produce. I doubt depreciation factors are something they are willing to sell fewer new cars in order to curb. Wouldn't make much sense to shareholders would it? Our oil company doesn't suddenly shut in or reduce production when demand is at its highest because we are depleting fields. That just makes no business sense at all.

The B

Thanks, I had read about the growth plans in your second paragraph and just assumed that meant more total output. It would be nice if our cars were a little scarce.

brakinglate

Sorry to disagree with you but having owned both models, it is far from slightly updated.......anyone who has any non-bias would agree the new car is light years ahead, body, interior, etc etc

Having said that, depreciation is a fact of life....maybe the numbers will be slightly higher because of the build quality improves registered in the second year topping JD power survey, and inflation on new....

Cars are not investments if they are mass produced, period