Ed99

Porsche Canada website used to tell you how many 911 are in the used market selling and because that number keeps growing now they changed it to 100+ car now.

That just tells you how many are out there that aren't selling except for the rare spec ones.

Mr. Turtles

Yes, I know folks buying another Porsche from the dealer just to get one.

shiftgear

how low could CPO 991.2 GT3 potentially drop to? all currently hovering around $260-280 CAD

hivecopperfield

10 under $260k at the Canadian Porsche website today.

https://finder.porsche.com/ca/en-CA/...rder=price_asc

moab

Still overpriced for a used 911

mhenry84

Lol. Think I saw that one on the Porsche inventory search. Think that had the lux tax/freight/PDI all in there before tax on top but the build was almost 190k on the base 4? Oowee

moab

for that money I’d take an MP4-12C at $180k and pocket the extra $ for the weekly maintenance costs lol.

KenTO

I was at Porsche North Toronto picking up some parts and they have tons of low mileage 992 GT3s for sale, saw at least half a dozen.

timothymoffat

Looking at Porsche Canada's website, there are a LOT of GT3s and GT3RSs for sale considering the size of our market. I very much get the feeling a lot of cars are purchased by those hoping to make a quick profit. NOT a true-enthusiast driven market. And by that I mean people who have always and will always want a Porsche.

M718R

What we are seeing was dealer greed to a certain extent. Giving allocations to flippers to sell them back to the dealerships and charge above MSRP. Some enthusiasts got them as well. But not the majority it seems.

RDMcG

I think one of the issues is motivation.
If you buy the vehicle as an investment and your motivation is to make money, fair enough. You take the risk and maybe reap the reward. Remember Cabbage Patch Dolls?...people were paying massive amount of money to get that rare doll. Of course, the market collapsed.

My personal view is that Porsches in general represent reasonable value for money at MSRP, though less so than in the past. Relative to the competition you get a fair bang for your buck.If you decide to pay a premium because you really want the car, no problem.People have made money that way. However, there is significant growth in competitive products these days so the brand is not standing alone as it once did.

My own take was that cars are depreciating assets to be experienced and enjoyed, and I do not mind paying MSRP. I will not pay more , and if that means not getting a car, that is OK too. I have no real idea what my cars are worth, but if they fail like a stone in value , the value is in what I have done with them. I personally like the GT cars and have had huge fun wth them. If the market collapses I still have the cars and can drive them.

In the end the market is what people are willing to pay. People will pay fortunes for Taylor Swift tickets or Wayne Gretzky hockey cards and so on. The value you assign is up to you.

timothymoffat

Agreed. I hope they made lots of money because those involved may be putting off the enthusiast buyer.

For me personally, a car that was intriguing at $150-$160K with options becomes less so when it’s now $180+.

Lemarp

In the case of the GT3's the big problem for me is that sure they're great cars but are they $300K+ great?

Combined with Porsche's hefty increases in MSRP and the Trudeau tax, it gets to a point where it becomes a lot of change to spend on a toy even at MSRP.

SToronto

Perhaps there are some of these.

Keep in mind some people get the newest, to do that the oldest gets traded.

Typically when new models are announced, just before and soon after, you will see plenty of previous gen traded in for new car allocations. First round. Then they slowly trickle in as production of the new car continues. Then people that wanted one (previous gen) and couldn't get and won't get a new car allocation will buy. Issue now is the market and economy, so they are sitting longer at those prices. While I don't have production numbers, I believe there are more now in Canada than the 991.1 or 991.2 production numbers.

RDMcG

No question base prices have risen. Here are the original RS sale prices ( I only paid MSRP and did not finance or trade in) The 991 is distorted by the refundable VAT deposit for Euro delivery which I got back immediately the car was delivered at dealer.
So in a like for like basis:
997.1 RS; $206287
991.1 RS $251000
992 RS. $323551

I did not pay the lux tax - I has been this coming and ordered the Cayenne GTS and the 992RS with a formal deposit. Otherwise the 992RS would be about $356000.
Certainly the value proposition is more challenging and I doubt if any premium is justified.