chamilka

Hi All
I have been researching and analyzing the actual prices of 993 cars, specifically 993 C4S and S variants. I have come to the conclusion that the prices have come down and will continue to come down a bit. I looked at the cars sold at BAT for last six or so months and I could see buyers making really good deals on low mileage and well maintained cars. Few years ago these cars would have been close to six figures and more.
Below is a list of last 10 cars C4S that had been sold in BAT:

1. 1996 Porsche 911 Carrera 4S,6-Speed, 56K miles - $68000
2. 1996 Porsche 911 Carrera 4S Coupe, 92k miles - $68,500
3. 1996 Porsche 911 Carrera 4S Coupe 6-Speed, 39k miles - $77,000
4. 1996 Porsche 911 Carrera 4S 6-Speed, 45k miles - $80,000
5. 1996 Porsche 911 Carrera 4S 6-Speed, 120k miles - $56,993
6. 1996 Porsche 911 Carrera 4S,6-Speed,73k miles - 79,500
7. 1997 Porsche 911 Carrera 4S,6-Speed,33k-Miles - $86,000
8. 1996 Porsche 911 Carrera 4S 6-Speed,73k miles - 66,000
9. 1996 Porsche 911 Carrera 4S Coupe 6-Speed, 54K-Mile - $70,993
10. 1997 Porsche 911 Carrera 4S 6-Speed, 45k miles - $84,555
11. 1996 Porsche 911 Carrera 4S 6-Speed, 59k miles - $78,000

Do you think prices are coming down (normalizing) on these Air cooled cars? Now, it is human nature to be bias , but I am looking for more data driven answer, and my sample size is obviously small but these are the actual values.
I also see a trend where certain modern and ultra modern classics (2001 and up) such as 911 Turbo/GT3/GT2/R, Cayman GT4 etc. retaining more favorable price.

cobalt

IMO I think too much merit is being put into BaT. There is all sorts of conflicting sales or RNM's. I have seen two very nice 993TT's I knew personally sell for far less than they should have and others sell for IMO more than they should have. There is a recent 97 C2S tip with 65k mile sell locally to me for $85k. I don't think it would have come close to that on BaT. Hard to tell what a car is all about with 6 days and a bunch of pictures. There have been some 964 turbos up for sale there and most all the comments were how outstanding they were when in actuality knowing the history of the cars were total dogs with fleas.

IMO BaT is killing the market for these cars as it is flooded with all sorts and varieties of Porsche's, but there is still a number of people out there searching for these cars that don't visit forums or know what BaT is.

myflat6

I would agree there have been a few deals on BaT lately, but only a couple of those you listed I would say was a 'deal'. You have to review each individual sale on its own merits. Review the commentary and you will see many of the lower mileage cars you listed were repainted, had accident history or questionable odometer history. Some of the higher mileage examples you listed were more honest cars and sold closer to expected. Color is also starting to influence price more on these cars more.

NC TRACKRAT

Is this analysis wishful thinking on your part? Where are the C2S on your list? There are so few of these cars here in the U.S. and so many who consider them the best of the air-cooled Porsches, well-maintained examples will always be in high demand. OTOH, there are always those who will want "the latest and the greatest" and are willing to pay the price to be seen in them. While I may not be around to see it, I predict the 993 will be held in as high esteem as the early 911's. They afford reasonable creature comfort and performance without all the electronic "nannies" and unnecessary "do-dads" of today's while still retaining the essence of those early cars. To me, firing up my C2S is as sensory as the first spoonful of rich, dark chocolate ice cream on a hot Summer's day. Best get one while you can.

IHTFP

ronnie993tt

I posted this several years ago on the tt forum but.....as interest rates rise, most hard assets that have bubbled up decline in value as money shifts out of them into paper assets. I'm pretty sure my tt has declined around $50k since it's peak 15 or 20 months ago. Detroit muscle car prices have fallen even more as their older aficionados are getting too old to drive and dying off.

chamilka

Well I did follow each of those auctions closely. in fact some are, show worthy cars with low miles and extensive service history. It may not be fair to use auction prices as they are very volatile, and price depends on number of bidders etc. But the fact is, all most all of these 10 cars would worth more than what they when for 2-3 years ago. The list is not a random list, those were the last consecutive C4S sales.
The issue with other online sites is, we only know the listed price and not the actual sold price.

Rick-A-Shay

Another popular "value" thread.......Ugh!
Buy what you can afford, spend the rest on mods recommended on this forum, drive car, enjoy and keep the loud pedal to the floor. Sell when you feel the need, move on and remember the great ride you had!

TheBen

It's all about presentation, condition and mileage. I followed a few of these listed on BAT and the ones that ended a little lower price wise all had a few needs imo or could have been presented better.

NC TRACKRAT

"Detroit muscle car prices have fallen even more as their older aficionados are getting too old to drive and dying off." I represent that! (while I still have a pulse!)

993pbug

HelpMeHelpU

I know it's not a big deal but the actual values of ALL of these BaT cars is five percent higher, due to buyer's premium/fee.

chamilka

That is a good point, it all adds up.

synth19

Many variables at play. A special color c2s with very low miles sold locally to me around 125k iirc. It was gone in less than a week.

Meenrod

interested which mods you did? Cheers