SAN997

Seems like GT3 prices of all years have gone through the roof in the past 18-24 months. New GT3 RS are going for well over MSRP (sometimes double) and 1-2 year old GT3s are well over MSRP. Even older GT3s like the 2010 are running around $115K and a 2007 is around $80K.

Three years ago you could get a 2007 GT3 for around $75K, if my memory serves me correctly. Now that is almost impossible to find at any price.

Is Porsche purposefully holding back on GT3 production to boost prices, as Ferrari has always done with their cars? I understand that its impossible for regular people to order a new GT3 RS and the regular GT3 is not for sale currently.

I just don't get it because, hypothetically, you should be able to buy a new GT4 for around $80K and a new GT3 for around $130K. But, of course, Porsche isn't producing any/enough currently. Why?

2010 GT3 for $115K ($134K MSRP in 2010)

2007 GT3 asking $115K

2015 GT3 asking $148K

2016 GT3 RS asking $256K (MSRP of $198K)

mooty

lol
i'm not sure what to say
and THAT says it all

SAN997

Sorry, I guess I'm not in on the inside joke--but your reply is not particularly illuminating.

Spyerx

Have you been under a rock? :-)
The market moved

EMpunker

Demand > Supply

Many people have caught "Porsche Fever" the past few years... Prices are mostly up across the board...

SAN997

Like I said, I haven't really looked at GT3 prices for almost 4 years, so it caught me by surprise.

But the question remains, why? Did demand actually increase significantly, or was supply cut? Maybe both? Why doesn't Porsche make more cars? Is this a new strategy to increase prices like Ferrari does?

Is it a bubble financed by 1.5% used car loans and HELOC home equity loans? Or is it due to all of the new Facebook and Snapchat millionaires? Are doctors all making significantly more money due to ACA/Obamacare increasing patient load and demand? Is there a new government program to provide transportation assistance for subsidizing your 911 purchase?

Must be living under a rock.

Spyerx

Because the 997 generation are fantastic cars. Last (maybe) manual. Last mezger. Last analogue. Last no rear steer. Last before they got huge. Very reliable. Fast. Raw.
Lots of cheap mone. Lots of excess cash to buy toys. Market demand and rise created more demand. Who knows where it goes these are great cars at 100k to drive the hell out of and enjoy. Supply wasn't cut on these they stopped making in 2011. On the 9991 generation.... latest and greatest rs pricing are equalizing slowly to MSRP just like the 997 rs models before it. Remember there was a time a 40 could be had at MSRP.

bobodrink

Let me give you my view of this. Porsche has always been worthy of becoming a collectible, but it took 2 changes to have an reflect on the car market, Air Cooled and Manual.

When the 996 came out, the top 993 models stop depreciating but didn't go up in value. Everyone knew that the 993 is a special car, last of the air cooled. But the 996 and 997 still gave the raw driving experience that most drivers with time forgave for the lost of the air cooled. Then when Porsche took the manual away from the 991 GT3, everyone went nuts. You lost the iconic mezger GT1 engine(mid range TQ), you lost the 993 GT2 derived 6 speed manual, and in exchange you get a whole new platform that has no connection to the air cooled era. (997 GT3 still used 964 parts)

Prices took off and and good condition ones are kept hidden by the current owners. Suddenly you see crazy prices with the 997 due to demand and hype with the 991 as you can't get one due to the engine fire. With the 997 prices and 991 reviews, people think the 991 could be as good(which it isn't in my opinion). New buyers also want to join the GT3 fame but couldn't with the 997 due to manual, so 991 prices drove up to crazy money. Since the 991 GT3 RS went for so much money earlier this year was because PDK allowed more people to buy. You got pursuits supporting the 997 market and you got new buyers supporting the 991 market. But the 997s still demands so much money was that they made far less units then the 991 generation. The 991 prices now came down because they made too many of them and they realized it wasn't as special as the 997s, and obvious engine problems. The 991.2 GT3 got to be a gem to really bring down the 997 prices, but people who drove the 991R all said that it is still a different driving experience than a 997. So the 997 will always remain history as the last of the raw analogue Porsches.

Lastly, rich got richer after the recession and with low interests rates, people need to put their money somewhere. But it may all change in the near future.

Car Years of Production
996 GT3 (Mk1) 1999-2001 1,868
996 GT3 (Mk2) 2003-2005 2,313
996 GT3 RS 2003-2004 682
997 GT3 (Mk1) 2006-2009 2,378[32]
997 GT3 RS (Mk1)2006-2009 1,909
997 GT3 (Mk2) 2009-2011 2,256[33]
997 GT3 RS (Mk2)2009-2011 1,600
997 GT3 RS 4.0 2011 600
991 GT3 2013-2016 7000+
991 GT3 RS 2016- 8000+

jackb911

^ ^ ^ ^

What Spyerx and bobodrink said, +100

The 997 GT3's have become appreciating assets for the reasons stated above. Porsche builds for their market - the GT cars have a relatively small but extremely vocal and supportive following. A 997 GT3 is not every Porsche owner's cup of tea. Loud, stiffly spring, lots of road noise, intended to be a trackday car, not a grocery getter or a commuter car even though some hardcore drivers do just that.

For decades, Porsche has been softening their other 911-series cars to appeal to a wider audience which has worked for them financially. 911's handily outsell the less expensive Boxsters and Caymans because while the latter are outstanding sports cars, they aren't 911's and that is important to a lot of buyers.

The fact is that not every Porsche customer who aspires to own a 911 wants a hardcore, track-focused 911, which explains why the 997 GT2 and GT3 cars have significantly lower production figures. In the big picture Porsche world, the GT cars are pretty rare and now the 997 versions are becoming collectible precisely because of the things that Spyerx and bobodrink mentioned. I don't have a crystal ball and am not a betting man but I wouldn't be surprised if these cars continue to appreciate steadily as time goes on.

As a Porsche owner for nearly 45 years, my take is that in a couple of decades the 997 GT3 just might be the 1973 Carrera RS of the future from a collectibility standpoint, with the GT3RS mirroring the rarer Lightweight version of the 1973 Carrera. Time will tell. In the meantime, drive and enjoy the one you have, or if you don't have one, get one now. Prices are usually lower in the Winter.

Just one Porsche nut's opinion....

thxbuff2001

I did not even noticed its appreciating(997). But I am not in the market so maybe you are right.

All I know is that the 991 GT3 are not selling asking. This is from Dealers sponsors who are here who told me, its sitting in the lot. The bubble is coming for the 991 unfortunately. Its a good car to DD and to track(991). Time will tell how the 991.1 will sit among the great GT porsches. Catching fire will not be a factor. Why? Didnt early aircooled cars too had a history of burning?

ChicagoM4

Hey, I am curious where you got your production numbers. The numbers seem to match wikipedia for the 996 and 997 models but not for the 991. I've never heard 7000+ 991.1 GT3s and there's still speculation on the 991.1 GT3 RS number. I have no bias either way but just want to know the source. Thanks!

Spyerx

Cheap money. Great cars. Financed by HELOC? dunno about that... but in the world I live in there is LOTS of $ in tech. Lots of excess cash flow. Even more if you don't live in the bubble of the valley and get the benefits of working in it But in the world of porsche, the ideal volume on these cars is "demand -1" I think the 991 production showed the demand was pretty damn high.

audipwr1

Is what it is

I'll sell you my RS for 185, penny less it's staying right with me

Most everyone who has one has about same idea - would have to force it outta my hands

Hansel

$ has been cheap the last few years. This isn't just Porsches. There is a general hockey stick graph on everything during this time. Ferraris, E30 M3s, VW vans, 500e etc etc. "Collectibles"

Spyerx

I'd probably sell my real estate first. Sad?? Maybe lol.