porsche951

Sold at $24k. That's a little more than I'd have guessed. I didn't think it would get past $22k.

Cuda911

Winner.

arfnsx

Do we all think the market is changing on our 996s?

gnat

No. It's just the spring/summer bump. This is a high value for a MkI, but still within the norm we've seen the last couple of years.

MkIs: high teens to low twenties with the occasional mid-twenties thrown in.

MkIIs (non-4S or AE): low to mid-twenties with the occasional high twenties sale.

4S/AE: high twenties to low thirties with a rare 35 to get people's attention.

alpine003

A part of it is that more people are aware of the IMS and the availability of many options to address this out there along with acceptance of this risk vs. reward.

The many articles of the risk vs. reward that peg the 996 as the performance car bargain of the century from major publications also help drive demand which brings up the price a bit.

The poser owners that weren't truly enthusiasts to begin with dumped theirs awhile ago so now you have more true enthusiasts holding onto them and actually using them. This will start bringing down the inventory of the really great examples out there, allowing them to eventually fetch a premium relatively in the 996 market IMO.

5CHN3LL

Agreed - as the $10K 996's are bought and dicked with and ideally wrecked (with no injuries to the occupants, of course) we start culling the herd...

VivG

I guess this phenomenon exists with the E39 M5, too - there's a bunch of trashed (or really really high mileage) ones available in the 10-12k range, but anything that's been well kept with less than 100k miles is pretty much 20k+ (sub 60k mile cars are $$$).

The difference is production numbers, I think - they made less than 10,000 E39 M5s worldwide, whereas 996 sold like 30k a year through the first few MYs (total run of ~175k). This is already happening with the C4S market, but it'll take more time for regular and especially early 996es.

Not a complaint though - the volume makes parts easy to come by and relatively inexpensive, so it's really a more accessible platform that should have support for a long while to come.

Greg964

I think it has much to do with the rise of air cooled 911 values, which have priced out a lot of potential buyers and forced them to look elsewhere for an "affordable" 911. I think this interest has helped push up the values, and will continue to do so.

DTMiller

Me neither.

alpine003

Well partially this and lately I've also seen many air cooled guys not wanting to drive their "investment" as much since they want maximum returns so they are retiring driving their air-cooled's and picking up one of the 996 water-cooled for daily driven fun without all the air-cooled headaches.

5CHN3LL

This is going to lead to a lot of "conflicted" air-cooled guys, especially when their wives start refusing to ride in "that stinky old one with crappy air conditioning."

Woodman71

Wives refusing to ride in the car are why many people buy them in the first place...

ZuffenZeus

You know you like this song!....

JimmyChooToo

I agree. Rising tide and all. And wasn't the 964 the pariah of the 911-world until it wasn't? Same thing will happen one day with our 996s.

alpine003

Sadly this was mine back in the day. Couldn't afford the Roland Axis so had to go with this one instead.