Mspeedster

While I have no intention of selling, for fun I just looked at the Kelly Blue Book used car value for my car - a well optioned '06 C2S. To my surprise, it shows a suggested retail of ~$64K and ~$66K for CPO. A year ago at this same time it was around ~$56K for suggested retail.

I know the economy was worse last year. But I'm surprised to see the KBB value rise so much, especially as the car is now a year older. While I'll be quite pleased if this is really a true trend, I find it hard to believe.

alexb76

I am not sure if it has gone up that much, but for sure it has recovered from the lows of last year.

cvazquez

I believe is just an adjustment to last year, but will start to decline again from here on out.

Canyon56

Apparently KBB just revised Porsche used prices. A 993 owner called them and pointed out that their values were too low compared to the real world. They upped all the Porsche used prices. My car (993) increased quite a bit ($12k)

It's great for insurance purposes, but whether it means anything is anybody's guess. Of course, the true value of a used Porsche is what somebody is willing to pay. The current market still seems pretty slow.

TonyS

I traded in my 2007 Cayman (Based) for a 2011 C2. I checked KBB about once a month starting in January 2010 and when I traded it in (June 2010) the value went up by $2000.00. I wasn't sure if winter compared to summer. But whatever, it was nice that it went up.

winkingchef

I bought mine March 2009 from a newly unemployed finance guy.
I could sell the car now (12,000 spectacular miles later) for $10k more than I bought it for (KBB private sale).

I would have made more money on Goldman Sachs stock...
...but I wouldn't be as happy.

Porsche, my first ever zero regrets purchase.

yemenmocha

I've heard talk of last year being lower than this year in actual sales & trade in prices. It may not be much in dollar amounts, but it isn't unreasonable given the big swings Porsche had in their production numbers as the recession was under way.

CamsPorsche

I've just sold my 2006 Carrera for $2k more than I paid...

Although I don't believe the values are going up (guys are selling their 05-08 manuals for pdk). A dealership that I spoke to said this is the trend.

nick49

Kelly BB is basicly a tool that some, less than 100% honest, used car dealers will show a customer when selling an ignorant buyer a car. Kelly has been used for years before the internet was around and you pretty much had to be a dealer to subscribe to their service and receive their articifically inflated published prices. NADA is much more accurate as far as real selling prices, but many banks and CUs use values that are even lower than those. Another thing to keep in mind, is very few dealers will pay average trade in price for a car in very good condition. As a rule, it is 20% back of book (trade in price) less costs for reconditioning and any repairs, detailing, etc. Most dealers will sell way below average retail book price, and in order to do so they pay way less than trade in values.

RollingArt

Didn't you just buy that car?



Phil

pt767

I sold my '06 S Coupe last month (I was the 2nd owner, nice options, stick, 16K miles, mint). I wasn't using the car this summer & want to get a PDK Cab in the fall. I put it up for sale figuring if it sold it sold....if it didn't... that was OK as well. I offered it for sale on the Rennlist forum for $53,000 & $55,000 on Auto Trader. I had 1 party interested from the forum & 1 interested party from the Auto Trader. The car was absolutely perfect (recently serviced, new tires, etc..) but not CPO'd. After the deal was sealed with the Auto Trader buyer, I had 1 additional interested party from the Auto Trader. This process took about 8-10 weeks for a perfect, fairly priced car. I sold the car for $51K. There are lots of cars for sale but not a lot of buyers out there. I was satisfied with the deal. It was a nice deal for the buyer & a fair deal for me. I enjoyed the car for nearly 3 years & am looking forward to my next pcar.

CamsPorsche

I did Phil. After buying it I wasn't satisfied with just a Carrera as I had originally wanted the C4S model. I'm planning on moving back to Canada next year so will pick up a C4S in a few months. Plus the car had some rattles I wasn't fond of...

Alstoy

Sorry to say that that was not much of a finance guy. You know-buy low, sell high. Looks like you did better.