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I just posted a blog on the overall Supercar Market. Here's the section on the Carrera GT:
Porsche Carrera GT: Poster Child
If there is a poster car for the COVID supercar market price jump insanity, the Porsche Carrera GT would be a leading contender. For most of its first decade of existence, Carrera GTs were $300k-$450k cars. In 2014, they started climbing and by late 2015 the new range was $600k-$800k. This held until the beginning of 2022 when suddenly Carrera GTs jumped by $1 mil. to $1.8 mil before finally hitting an all-time auction high of $2 mil. in March 2022 for a 182 mile grey car. Since then, it’s been a downward slope with most auction sales closer to the $1 mil. mark than the $2 mil. mark with a couple falling back under $1 mil. In fact, 4 of the 10 Carrera GTs sold at auction this year were under $1 mil. I had one Porsche expert tell me early in 2023 that he believes they will drop back down to the $800k range. He was spot on as a silver Carrera GT that had a few miles on it went for $834k in October. Longer term it looks like Carrera GTs are now $800k-$1.4 mil. depend on color and how much of their life they have spent under a car cover.
My view as a Porsche enthusiast collector, vintage Ferrari owner, and CGT owner as of early 2020:
There were 1270 CGT’s made. We know we’ve lost some so who knows what the number is…give or take 1150 maybe?
Then look at the F40…Ferrari made more F40’s than Porsche made CGT’s and look at the F50 which there were fewer made. The F40’s were ’87-92 and the F50 ‘94-95. Those cars collectively are currently in the 2M to 5M range with long range upward momentum. CGT is 10-15 years newer than the F40 and F50, hence those cars have a market cycle or two advantage on the CGT.
McClaren F1…stratospheric value and the CGT is often referenced as an “affordable” alternative.
Porsche is selling more and more cars and broadening it’s customer base. There will always be a demographic that values historical lineage of brands people are passionate about. There will always be a demographic that values the optimal performance level of yesteryear. There will always be a demographic that values rarity and exclusivity. There will always be a demographic that yearns for a visceral experience that requires attention and respect when behind the wheel. The aura of the CGT will not dissipate it will strengthen.
Finally, the CGT’s build quality is excellent and aside from the clutch being an aspect of the car that takes getting used to the car is a very livable car with quality climate control and the right amount of creature comforts to enjoy with a friend or spouse. As the clock ticks on the design of the car is aging wonderfully; and in the vein of the Acura NSX or Ferrari 355 the CGT has arguably gone through it’s style cycle of being out of flavor so to speak.
Every time I drive mine I leave feeling more alive. Every time I blip the throttle my senses ignite. Everywhere I go there are people that aspire to sit in, ride in, or own a CGT.
Every market has its cycles. The current climate may be the right time to acquire as there’s no doubt pricing has softened from mid 2022. That said, the CGT has value upside on the 5, 10, 15 year horizon. It’s a helluva car and Porsche had never built nor will never build anything even remotely resembling the CGT.
the only value a car has is when it's driven.
b/c dry humping is well just dry humping.
once the check is cut. the only is gone. I consider my to have residual value of zero.
but I sure have fun
It’s hard to time the market. You just gotta get in when the right situation and car comes around. This just arrived last Weds. 10k miles…fully serviced including news Ohlins, tires. I knew I’d miss my yellow one when I sold it. Now back where I need to be.
My view as a Porsche enthusiast collector, vintage Ferrari owner, and CGT owner as of early 2020:
Hero!
The current climate may be the right time to acquire as there’s no doubt pricing has softened from mid 2022. That said, the CGT has value upside on the 5, 10, 15 year horizon. It’s a helluva car and Porsche had never built nor will never build anything even remotely resembling the CGT.
11-30-2023, 06:23 PM
Carrera GT & Supercar Market
