What's going on with the 997.2 RS market?
11-21-2012, 04:41 PM
#1
What's going on with the 997.2 RS market?
Is it me or have prices edged up by 10-20k over the last couple of months? Prices are edging up and it could be blowing my RS+DD 2-car hard budget.
I've been looking since mid-year and it seems we're back in the low $140k asking price level for cars with 3-5k miles on them. In the summer these cars were getting down into the $120s. I thought cars like this were supposed to get cheaper as winter approaches.
Realize options vary, but what should I be getting this car for right now?
I've been looking since mid-year and it seems we're back in the low $140k asking price level for cars with 3-5k miles on them. In the summer these cars were getting down into the $120s. I thought cars like this were supposed to get cheaper as winter approaches.
Realize options vary, but what should I be getting this car for right now?
11-21-2012, 04:45 PM
#3
- - just my opinion- - -
i feel like the market is topping right now for this car. . . . personally i would wait until closer to spring to buy - - if considering selling - - now seems like a great time
i feel like the market is topping right now for this car. . . . personally i would wait until closer to spring to buy - - if considering selling - - now seems like a great time
11-21-2012, 04:58 PM
#4
Drifting
Less supply? Debatable.
More demand? Possible - but where's it coming from and why?
The new 991 GT3 is getting closer every day, and it should absolutely beat the 997.2 RS in every objective performance category. I would think that nice 997.2 RS cars will be in the ~$100-~$115k range in 18-24 months, but I may be mistaken. And so much for the "4.0 price will fall" chorus - haven't seen that yet.
11-21-2012, 05:01 PM
#5
Instructor
Why is "less supply" debatable? Unless I'm mistaken, there will be no new GT3 for at least another year (March release, Q4 deliveries?) and no new RS for perhaps 18-24 months. People shopping for a "new" RS need to look to the used market, and the rising tide lifts all boats.
11-21-2012, 05:08 PM
#6
Drifting
Why is "less supply" debatable? Unless I'm mistaken, there will be no new GT3 for at least another year (March release, Q4 deliveries?) and no new RS for perhaps 18-24 months. People shopping for a "new" RS need to look to the used market, and the rising tide lifts all boats.
Less supply comes from (1) people totaling them or turning them into dedicated race cars and (2) owners who have decided that they won't sell at the prevailing price. Of course, as the price rises, the #2 pool shrinks, and the market returns to equilibrium.
It's not as if they go stale and can't be driven once they're older.
11-21-2012, 05:16 PM
#7
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Supply vs. Demand, Collector's Material, Price increase on peer equivalent cars, Reputation.
Even at $140k, the GT3 RS 3.8 is the best Porsche bargain for track day use.
There are around 500 total 2010/2011 GT3 RS 3.8 in U.S. and Canada. Most of them are keepers. Porsche has not made anymore.
The next generation 991 Carrera S+ (to be badged GT3) is coming with a nice price hike, somebody has to pay R&D costs on an all-new GT3 built from scratch, rather than the carry over that started in 1999 as a street copy of the 1998 GT3 Cup, and evolved until 2011.
The 3.8RS is not getting cheaper, and it won't get cheaper. The 4.0RS has room for depreciation, but the 3.8RS doesn't.
Of course, tracked cars will take a hit on resale (usual), and adding miles does the same, but that applies to any car.
I don't think clean, non-tracked, low miles GT3 RS 3.8 would get any cheaper, and they still have room for more appreciation, another $35k in my opinion.
The 3.8RS and 4.0RS are collector's material, they mark the end of a successful race engine generation that dominated the tracks for 15 years, and probably 16 years when the Mezger 3.6/3.8/4.0 is put to sleep.
The 458 Track day car is coming with a $350k price tag, 12C track day car at $300k, Gallardo track day version keep increasing in price, new Viper is also more expensive, very likely the C7 comes at a higher price tag.
Every time a nice example of a GT3 RS 3.8 shows up on the market, it is gone in a matter of days, with multiple purchase inquiries from everywhere.
The time to buy the 3.8RS at the best prices is 18 months in the past.
Even at $140k, the GT3 RS 3.8 is the best Porsche bargain for track day use.
There are around 500 total 2010/2011 GT3 RS 3.8 in U.S. and Canada. Most of them are keepers. Porsche has not made anymore.
The next generation 991 Carrera S+ (to be badged GT3) is coming with a nice price hike, somebody has to pay R&D costs on an all-new GT3 built from scratch, rather than the carry over that started in 1999 as a street copy of the 1998 GT3 Cup, and evolved until 2011.
The 3.8RS is not getting cheaper, and it won't get cheaper. The 4.0RS has room for depreciation, but the 3.8RS doesn't.
Of course, tracked cars will take a hit on resale (usual), and adding miles does the same, but that applies to any car.
I don't think clean, non-tracked, low miles GT3 RS 3.8 would get any cheaper, and they still have room for more appreciation, another $35k in my opinion.
The 3.8RS and 4.0RS are collector's material, they mark the end of a successful race engine generation that dominated the tracks for 15 years, and probably 16 years when the Mezger 3.6/3.8/4.0 is put to sleep.
The 458 Track day car is coming with a $350k price tag, 12C track day car at $300k, Gallardo track day version keep increasing in price, new Viper is also more expensive, very likely the C7 comes at a higher price tag.
Every time a nice example of a GT3 RS 3.8 shows up on the market, it is gone in a matter of days, with multiple purchase inquiries from everywhere.
The time to buy the 3.8RS at the best prices is 18 months in the past.
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11-21-2012, 05:23 PM
#8
Drifting
Supply vs. Demand, Collector's Material, Price increase on peer equivalent cars, Reputation.
Even at $140k, the GT3 RS 3.8 is the best Porsche bargain for track day use.
There are around 500 total 2010/2011 GT3 RS 3.8 in U.S. and Canada. Most of them are keepers. Porsche has not made anymore.
The next generation 991 Carrera S+ (to be badged GT3) is coming with a nice price hike, somebody has to pay R&D costs on an all-new GT3 built from scratch, rather than the carry over that started in 1999 as a street copy of the 1998 GT3 Cup, and evolved until 2011.
The 3.8RS is not getting cheaper, and it won't get cheaper. The 4.0RS has room for depreciation, but the 3.8RS doesn't.
Of course, tracked cars will take a hit on resale (usual), and adding miles does the same, but that applies to any car.
I don't think clean, non-tracked, low miles GT3 RS 3.8 would get any cheaper, and they still have room for more appreciation, another $35k in my opinion.
The 3.8RS and 4.0RS are collector's material, they mark the end of a successful race engine generation that dominated the tracks for 15 years, and probably 16 years when the Mezger 3.6/3.8/4.0 is put to sleep.
The 458 Track day car is coming with a $350k price tag, 12C track day car at $300k, Gallardo track day version keep increasing in price, new Viper is also more expensive, very likely the C7 comes at a higher price tag.
Every time a nice example of a GT3 RS 3.8 shows up on the market, it is gone in a matter of days, with multiple purchase inquiries from everywhere.
The time to buy the 3.8RS at the best prices is 18 months in the past.
Even at $140k, the GT3 RS 3.8 is the best Porsche bargain for track day use.
There are around 500 total 2010/2011 GT3 RS 3.8 in U.S. and Canada. Most of them are keepers. Porsche has not made anymore.
The next generation 991 Carrera S+ (to be badged GT3) is coming with a nice price hike, somebody has to pay R&D costs on an all-new GT3 built from scratch, rather than the carry over that started in 1999 as a street copy of the 1998 GT3 Cup, and evolved until 2011.
The 3.8RS is not getting cheaper, and it won't get cheaper. The 4.0RS has room for depreciation, but the 3.8RS doesn't.
Of course, tracked cars will take a hit on resale (usual), and adding miles does the same, but that applies to any car.
I don't think clean, non-tracked, low miles GT3 RS 3.8 would get any cheaper, and they still have room for more appreciation, another $35k in my opinion.
The 3.8RS and 4.0RS are collector's material, they mark the end of a successful race engine generation that dominated the tracks for 15 years, and probably 16 years when the Mezger 3.6/3.8/4.0 is put to sleep.
The 458 Track day car is coming with a $350k price tag, 12C track day car at $300k, Gallardo track day version keep increasing in price, new Viper is also more expensive, very likely the C7 comes at a higher price tag.
Every time a nice example of a GT3 RS 3.8 shows up on the market, it is gone in a matter of days, with multiple purchase inquiries from everywhere.
The time to buy the 3.8RS at the best prices is 18 months in the past.
I would argue that many owners of the 3.8 RS - and especially 4.0 RS - have them because they are the newest, hottest, coolest 911s out there, and they will be the first to dump them for 991 GT3 (RS), PDK and all. They aren't serious trackers and they don't spend their down time at work talking about cars on the internet.
11-21-2012, 06:02 PM
#9
Rennlist Member
Every other car at the track is an RS..
I dont know of many that will look at a 991 until it says RS on the rear and even then if we looked at the .1 VS .2 RS many will wait for the 991.2RS.
991RS.1 2015?
991RS.2 2017?
I dont know of many that will look at a 991 until it says RS on the rear and even then if we looked at the .1 VS .2 RS many will wait for the 991.2RS.
991RS.1 2015?
991RS.2 2017?
11-21-2012, 06:03 PM
#10
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I've been watching the market pretty closely for the last 2 months. Asking prices for RS's have gone up considerably. However, I"m not seeing anything move at those prices (maybe some I've missed). GT3's are in the same boat...edging up to low 100's and higher. But, the ones selling are in the low 90's for private party (90, 92 and 93 and the last three I've seen) and high 90's to low 100's for dealer cars when they DO sell.
What the market will do is a toss-up IMO. These asking prices may stick if the 991 GT3 base price is $130. If so, cars will begin selling at that. The new GT3 will have 450hp and be physically on the ground Q4 of 2013. It will be a beast and be faster than the 3.8, RS or otherwise. Not sure if it will beat the 4.0. Regardless what happens with the market overall, there will be a period where private sellers unload their cars in anticipation for the new 3 and at least we'll see a temporary drop in prices.
What the market will do is a toss-up IMO. These asking prices may stick if the 991 GT3 base price is $130. If so, cars will begin selling at that. The new GT3 will have 450hp and be physically on the ground Q4 of 2013. It will be a beast and be faster than the 3.8, RS or otherwise. Not sure if it will beat the 4.0. Regardless what happens with the market overall, there will be a period where private sellers unload their cars in anticipation for the new 3 and at least we'll see a temporary drop in prices.
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11-21-2012, 06:07 PM
#11
Some interesting perspectives. This is another reason I'm annoyed I didn't get back on time, ie. the summer. There were several cars at my price I would have grabbed.
At least I made it in time for F1...
At least I made it in time for F1...
11-21-2012, 06:21 PM
#14
Burning Brakes
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Supply and demand, but I seeing $135 to $140 to be the amount cars are going for. Now, cars with questionable maintance and miss swift motors and other issues are going around $120k.
