718 GT4?
Drifting
Joined: Feb 2011
Posts: 3,466
Likes: 312
From: Midtown Atlanta
Several of you thinking prices on current GT4 will go up when the new one is announced... just going to say you wouldn't make for good economists. 
The new one could literally just be a 2019 model year of the 981 for more money and it would still depress the market, just for the simple fact that there will now be more cars. In all likelihood the car will be improved at least marginally, but we do know for a certainty that they will all be three years newer.
The new one could literally just be a 2019 model year of the 981 for more money and it would still depress the market, just for the simple fact that there will now be more cars. In all likelihood the car will be improved at least marginally, but we do know for a certainty that they will all be three years newer.
GT4 enjoys the advantage of far fewer units built than 993, and GT car status. But on the flip side of the coin a) it's not a 911, and b) it's successor is likely to enjoy a much better reception than the 996 did. So I would expect a continued retreat of 981 GT4 prices but at a shallower curve than non-GT Porsche sportscars, followed by an earlier flattening and an earlier appreciation curve.
Burning Brakes
Joined: Feb 2011
Posts: 790
Likes: 105
From: San Diego, CA
This is totally true, and one needn't have an Econ degree from Penn to know it. Just look back at everybody's favorite 911, which was followed by everybody's least favorite 911. I was a Porsche guy in 98 when 993 gave way to 996. Dislike of 996 was far from universal, but many of us old-schoolers were disappointed and instantly knew the 993 was a keeper. And yet still, it's value continued down. The depreciation curve continued downward on the 993 but at a shallower rate than 911s before and after, flattening out much earlier than other 911s, and beginning back upward much sooner than other 911s. But still, you could buy a sub-40k miles '95 993 C2 for $35,000 all day long in 2001/2002, and I saw plenty of cars on either side of $30,000 about that time.
GT4 enjoys the advantage of far fewer units built than 993, and GT car status. But on the flip side of the coin a) it's not a 911, and b) it's successor is likely to enjoy a much better reception than the 996 did. So I would expect a continued retreat of 981 GT4 prices but at a shallower curve than non-GT Porsche sportscars, followed by an earlier flattening and an earlier appreciation curve.
GT4 enjoys the advantage of far fewer units built than 993, and GT car status. But on the flip side of the coin a) it's not a 911, and b) it's successor is likely to enjoy a much better reception than the 996 did. So I would expect a continued retreat of 981 GT4 prices but at a shallower curve than non-GT Porsche sportscars, followed by an earlier flattening and an earlier appreciation curve.
Now, back to cracking Whoopsy's riddle...
Rennlist Member
Joined: Feb 2014
Posts: 3,331
Likes: 466
From: Colorado Springs
Several of you thinking prices on current GT4 will go up when the new one is announced... just going to say you wouldn't make for good economists.
The new one could literally just be a 2019 model year of the 981 for more money and it would still depress the market, just for the simple fact that there will now be more cars. In all likelihood the car will be improved at least marginally, but we do know for a certainty that they will all be three years newer.
The new one could literally just be a 2019 model year of the 981 for more money and it would still depress the market, just for the simple fact that there will now be more cars. In all likelihood the car will be improved at least marginally, but we do know for a certainty that they will all be three years newer.
Looks like it will be a 2020 model - 4 yrs newer.
Racer
Joined: Nov 2016
Posts: 436
Likes: 35
From: Trier (Nring/Spa)
As with the 911 range (T, RS...) the GT4 option level will play greatly into it's depreciation. I do not see loaded PTS GT4's depreciating much at all. This is always a topic over here and the 911 "investment" market is starting to plummet.
If yours is well equipped (LWB, Leather, PCCB..etc) I think you'll be fine seeing as so many took mid-level options.
If yours is well equipped (LWB, Leather, PCCB..etc) I think you'll be fine seeing as so many took mid-level options.
Drifting
Joined: Jun 2006
Posts: 2,151
Likes: 173
From: West Vancouver
This is totally true, and one needn't have an Econ degree from Penn to know it. Just look back at everybody's favorite 911, which was followed by everybody's least favorite 911. I was a Porsche guy in 98 when 993 gave way to 996. Dislike of 996 was far from universal, but many of us old-schoolers were disappointed and instantly knew the 993 was a keeper. And yet still, it's value continued down. The depreciation curve continued downward on the 993 but at a shallower rate than 911s before and after, flattening out much earlier than other 911s, and beginning back upward much sooner than other 911s. But still, you could buy a sub-40k miles '95 993 C2 for $35,000 all day long in 2001/2002, and I saw plenty of cars on either side of $30,000 about that time.
GT4 enjoys the advantage of far fewer units built than 993, and GT car status. But on the flip side of the coin a) it's not a 911, and b) it's successor is likely to enjoy a much better reception than the 996 did. So I would expect a continued retreat of 981 GT4 prices but at a shallower curve than non-GT Porsche sportscars, followed by an earlier flattening and an earlier appreciation curve.
GT4 enjoys the advantage of far fewer units built than 993, and GT car status. But on the flip side of the coin a) it's not a 911, and b) it's successor is likely to enjoy a much better reception than the 996 did. So I would expect a continued retreat of 981 GT4 prices but at a shallower curve than non-GT Porsche sportscars, followed by an earlier flattening and an earlier appreciation curve.
In Canada I think that the new car is going to drive the current car prices HIGHER. The only GT4 you can buy in Canada for anywhere near list (still) is a high mileage one. Theyre all 15-25% premiums to list still, and theyre selling (slowly). Currency has moved such that that paying that premium for the Canadian car still makes sense versus buying a discounted one in the US.
Rennlist Member
Joined: May 2008
Posts: 17,182
Likes: 311
From: Somewhere in a galaxy far, far away....
It would seem that people are confusing GT4 vs. GT4 CS. Every single person that I have spoken with that are ring regulars have commented on both the Spyder and GT4 mules as sounding nearly identical to the 991.2 S motor. Fake gurgle and all. The videos seem to back that up.
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Rennlist Member
Joined: May 2008
Posts: 17,182
Likes: 311
From: Somewhere in a galaxy far, far away....
Not totally true as its also dependent upon the price of the new car. If its up 15% and if ADMs drive the market like the previous car (doubt it!), then the actual price of the new car at say $140k should lift the current car prices a bit. When I look at the GT4 market, I see a lot of cars that appear to not be in a rush to sell - so I don't see people looking to sell quickly. Youre assuming that the price of the new and older car are close - we do not know that.
In Canada I think that the new car is going to drive the current car prices HIGHER. The only GT4 you can buy in Canada for anywhere near list (still) is a high mileage one. Theyre all 15-25% premiums to list still, and theyre selling (slowly). Currency has moved such that that paying that premium for the Canadian car still makes sense versus buying a discounted one in the US.
In Canada I think that the new car is going to drive the current car prices HIGHER. The only GT4 you can buy in Canada for anywhere near list (still) is a high mileage one. Theyre all 15-25% premiums to list still, and theyre selling (slowly). Currency has moved such that that paying that premium for the Canadian car still makes sense versus buying a discounted one in the US.
It is the same thing that happens to all .1 GT cars when a .2 arrives.
Rennlist Member
Joined: Apr 2018
Posts: 591
Likes: 189
From: US
Drifting
Joined: Feb 2011
Posts: 3,466
Likes: 312
From: Midtown Atlanta
Not totally true as its also dependent upon the price of the new car. If its up 15% and if ADMs drive the market like the previous car (doubt it!), then the actual price of the new car at say $140k should lift the current car prices a bit. When I look at the GT4 market, I see a lot of cars that appear to not be in a rush to sell - so I don't see people looking to sell quickly. Youre assuming that the price of the new and older car are close - we do not know that.
The effect a super pricey 718 would have is not to drive 981 prices above current levels, but merely to prop them up and keep them from falling as fast. Which I believe will be the case, and what I was writing about above. Whether a 718 is 10k more MSRP or 40k more, MSRP still will be at least 20k more than the common transaction price for a used 981, and if you add 10k ADM the gap is even greater. Which will serve to keep 981 pricing healthy and eventually to start it back up. But not during the first year of 718s being out there.
Three Wheelin'
Joined: Sep 2003
Posts: 1,629
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From: NYC <> Boston
Rennlist Member
Joined: Dec 2017
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