2008 997.1 GT3 - more rare than .....
#1
2008 997.1 GT3 - more rare than .....
At 135 units 2008 GT3's built, that's less than..
2007 GT3RS - 327
2010 GT3 - 542
2011 GT3 - 173
2010 GT3RS - 240
2011 GT3RS - 372
2011 GT3RS4.0 - 158
Curious how that plays out considering prices are on the move on 997.1 GT3's....
2007 GT3RS - 327
2010 GT3 - 542
2011 GT3 - 173
2010 GT3RS - 240
2011 GT3RS - 372
2011 GT3RS4.0 - 158
Curious how that plays out considering prices are on the move on 997.1 GT3's....
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Robocop305 (05-08-2021)
#5
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Elliotw44 (05-08-2021)
#7
997.1 GT3 is a 100k car these days. I see them listing for more but honestly until someone buys one at these crazy list prices, then it will remain a 100k car in my book. Anything over 100k, you're better off going after a .2. It's a way nicer car.
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#8
#9
2007 GT3 - 829
2008 GT3 - 135
Numbers are for North America (US & Canada).
I would not pay more for a 2008 GT3 compared with a 2007 GT3. Condition is what will determine my purchase price. They are the same car. Disclaimer: I own a 2007 GT3. But I didn't try and search out a 2008 GT3. I could have. But didn't. I bought on condition.
2008 GT3 - 135
Numbers are for North America (US & Canada).
I would not pay more for a 2008 GT3 compared with a 2007 GT3. Condition is what will determine my purchase price. They are the same car. Disclaimer: I own a 2007 GT3. But I didn't try and search out a 2008 GT3. I could have. But didn't. I bought on condition.
#10
I don't have numbers either, it's just that the OP said numbers built. Not numbers exported to US and Canada.
997.1 GT3 is a 100k car these days. I see them listing for more but honestly until someone buys one at these crazy list prices, then it will remain a 100k car in my book. Anything over 100k, you're better off going after a .2. It's a way nicer car.
997.1 GT3 is a 100k car these days. I see them listing for more but honestly until someone buys one at these crazy list prices, then it will remain a 100k car in my book. Anything over 100k, you're better off going after a .2. It's a way nicer car.
Last edited by Robocop305; 05-08-2021 at 03:56 PM.
#11
The black one on BAT which site always seems to get good money sold for 120k. Of course the super low mileage cars are in a different category purchased by a different type of buyer.
I think the RS is a different beast. It’s an emotional thing with many and as they say, an RS is an RS. People will pay stupid money for an RS more then they would for a GT3.
Last edited by RAudi Driver; 05-08-2021 at 06:44 PM.
#12
I find the "year built" fetish to be comical. For instance I would not pay single dime more for a 2011 GT3 over 2010 GT3 all else being equivalent. That kind if thinking is only excusable in stamp collecting or perhaps wine... you know.. 'cause there are seasons involved.
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8Lug (05-12-2021)
#13
Unless you own one of the 135 2008 GT3's ... lol
I'd rather have an 08 everything else being equal...
I'd rather have an 08 everything else being equal...
#14
.2 Guards with 9k miles, buckets but no pccb...just transacted at $140k and that was a “good deal”......
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Robocop305 (05-08-2021)
#15
I am taking a risk here with what I am about to say. I apologize in advance to those that may think I am being too serious and to those who know a hell of a lot more than me about the financial institutions of the world. After all, this is a Porsche hobbyist forum. Its a hobby not an occupation or profession to own or talk about Porsche's here. I fully agree. I really appreciate what everyone brings to this forum. I have made many friends and over the years my yearning for Porsche cars has only grown. So, please do not slay me for what I am about to say.
Semi-conductor industry production is way down, Demand is way up and cars need chips to do everything. Look at car lots. Half empty. Regular cars are selling at MSRP. Low inventories. Look at secondary car market. Same. Low inventories. Money is cheap cuz interest rates are low. FED monetization during COVID, fear that we would go down another abyss of depression or recession keeps FED rates down even when they see inflationary pressures (inflation adjusted long bond). All this lifts the secondary market up. Look at secondary home sales pricing. Its way up. Inputs into new home building (concrete, lumber, steel) all way up due to decreased production and increased demand. Same with cars. Those that are paying high to acquire one of the 7.1 or 7.2 3's or RS's, beware! If FED eventually raises interest rates and markets cool off (which they eventually will) the bottom will fall out of the housing and the auto markets. We are not in a bubble. We are in inflation.
If somebody pays $140K for .1 GT3 or $200K for a .1 RS today (a dealership just sold a 2.1 RS at $190K), will they actually drive the heck out of it? May be. May be not. If it becomes a garage queen, it only provides bragging rights. Its your money, they say. Spend it the way you want to. You only live once. All this being true. If it is truly what one wants to do then go ahead. Do it. Things could get worse with COVID. Or something else could go south in this world. It takes just a few inputs like FED raising interest rates or collapse of the housing market or the job market suddenly shrinking. It could get hard to then sell the same car for $70K.
Its a sellers market, they say. it is and it isn't. It is a sellers market only if there are buyers that show willingness to pay. I have a 7.2 RS and a 718 Spyder. I am truly blessed that I could acquire them and enjoy them very much. Do I want something more? Sure. Who doesn't. Does that mean I should pay $350K for a 991.2 speedster? I did an XLS on the speedster in January. Based on this data and the mileage on the car, I made an offer to Greensboro Porsche in NC. They politely refused. I requested them to at least reveal what they sold it for. They never did but said they got what they wanted. Right now there is one speedster and the ask is $335K with MSRP of about $309K. I realized that the market was too hot for me. So I held off. When I bought the 7.2 RS I paid more than MSRP for it. I felt that was reasonable because the market had been stable for about two years before I bought mine. That price pales compared to what some are paying now. I enjoy my RS because I love the way it drives, not because it can bring a better price than what I paid.
Why do I even bring this up. Please look at the trends of the market before COVID (Feb, 2020) and then as we went into COVID in March, 2020 in my spreadsheet. It shows what the market could bear. These are all auction sales. The same could happen again.
Semi-conductor industry production is way down, Demand is way up and cars need chips to do everything. Look at car lots. Half empty. Regular cars are selling at MSRP. Low inventories. Look at secondary car market. Same. Low inventories. Money is cheap cuz interest rates are low. FED monetization during COVID, fear that we would go down another abyss of depression or recession keeps FED rates down even when they see inflationary pressures (inflation adjusted long bond). All this lifts the secondary market up. Look at secondary home sales pricing. Its way up. Inputs into new home building (concrete, lumber, steel) all way up due to decreased production and increased demand. Same with cars. Those that are paying high to acquire one of the 7.1 or 7.2 3's or RS's, beware! If FED eventually raises interest rates and markets cool off (which they eventually will) the bottom will fall out of the housing and the auto markets. We are not in a bubble. We are in inflation.
If somebody pays $140K for .1 GT3 or $200K for a .1 RS today (a dealership just sold a 2.1 RS at $190K), will they actually drive the heck out of it? May be. May be not. If it becomes a garage queen, it only provides bragging rights. Its your money, they say. Spend it the way you want to. You only live once. All this being true. If it is truly what one wants to do then go ahead. Do it. Things could get worse with COVID. Or something else could go south in this world. It takes just a few inputs like FED raising interest rates or collapse of the housing market or the job market suddenly shrinking. It could get hard to then sell the same car for $70K.
Its a sellers market, they say. it is and it isn't. It is a sellers market only if there are buyers that show willingness to pay. I have a 7.2 RS and a 718 Spyder. I am truly blessed that I could acquire them and enjoy them very much. Do I want something more? Sure. Who doesn't. Does that mean I should pay $350K for a 991.2 speedster? I did an XLS on the speedster in January. Based on this data and the mileage on the car, I made an offer to Greensboro Porsche in NC. They politely refused. I requested them to at least reveal what they sold it for. They never did but said they got what they wanted. Right now there is one speedster and the ask is $335K with MSRP of about $309K. I realized that the market was too hot for me. So I held off. When I bought the 7.2 RS I paid more than MSRP for it. I felt that was reasonable because the market had been stable for about two years before I bought mine. That price pales compared to what some are paying now. I enjoy my RS because I love the way it drives, not because it can bring a better price than what I paid.
Why do I even bring this up. Please look at the trends of the market before COVID (Feb, 2020) and then as we went into COVID in March, 2020 in my spreadsheet. It shows what the market could bear. These are all auction sales. The same could happen again.
The following users liked this post:
Robocop305 (05-08-2021)