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Is 992 depreciation dead?

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Old 05-15-2024, 11:01 AM
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SBAD
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Default Is 992 depreciation dead?

https://youtu.be/ewpDvoXaB7Y?feature=shared
Old 05-15-2024, 11:12 AM
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brandobot
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Cmon man, post the tldr. I’m not watching a video with a clickbait title
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Old 05-15-2024, 11:17 AM
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jlegelis
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Who cares? I buy my cars to drive them, not as instruments for my portfolio... SMH.
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Old 05-15-2024, 11:43 AM
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ipse dixit
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Originally Posted by brandobot
Cmon man, post the tldr. I’m not watching a video with a clickbait title
Here's the money quote from that video

"All the talk about future prices is pure speculation".

@9:33
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Old 05-15-2024, 12:00 PM
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Originally Posted by jlegelis
Who cares? I buy my cars to drive them, not as instruments for my portfolio... SMH.
that’s irrelevant to having pricing information when you want to trade your car in.
Old 05-15-2024, 12:03 PM
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Originally Posted by brandobot
Cmon man, post the tldr. I’m not watching a video with a clickbait title
Carerra/Carrera S have not depreciated the past year or two which is unusual.
Old 05-15-2024, 12:16 PM
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You know, the Porsche 911, even the newest 992 version, tends to hold onto its value pretty nicely compared to other fancy sports cars
Old 05-15-2024, 12:19 PM
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GTS2022
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I think part of the reason is MSRP increase by Porsche itself, as essentially there is no difference between 22 or 24 MY except nearly a 10% increase in price that covers the depreciation to some extent. Depreciation rate may increase with launch of .2, but at the same time it will be even more expensive than .1 to begin with.
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Old 05-15-2024, 12:20 PM
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It will hold its value until it doesn’t. Then it will be worth less than it is now. Eventually it will become sought after by collectors and the prices may pass MSRP. In real dollars that may or may not be higher than new.

Rinse, repeat.

If singer starts backdating them, resale will have no correlation to reality.
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Old 05-15-2024, 12:20 PM
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911s in general have historically held value the best compared to other cars. The only car in the same category is the Jeep Wrangler. Both icons that have retained their basic shape for decades. I wonder how much has to do with that.
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Old 05-15-2024, 12:22 PM
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Historically, since about 2002 through today, it’s about 15 years for the 911 to start to bottom out, and about 20 years before it starts to appreciate from that bottom.
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Old 05-15-2024, 12:31 PM
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honestly. while tiring the manual T today on Dallas free way traffic!!! I had so much fun (stop and gooooooo) that I decided that am not gonna worry about resale and depreciation and just drive this..

for that sort of worry worry, I have a 1987 targa with low miles .
Old 05-15-2024, 12:34 PM
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Originally Posted by anjizkit
honestly. while tiring the manual T today on Dallas free way traffic!!! I had so much fun (stop and gooooooo) that I decided that am not gonna worry about resale and depreciation and just drive this..

for that sort of worry worry, I have a 1987 targa with low miles .
Makes me want to add a manual T just to enjoy without worry!
Old 05-15-2024, 01:13 PM
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Originally Posted by alaris
It will hold its value until it doesn’t. Then it will be worth less than it is now. Eventually it will become sought after by collectors and the prices may pass MSRP. In real dollars that may or may not be higher than new.

Rinse, repeat.

If singer starts backdating them, resale will have no correlation to reality.
Porsche now makes tens of thousands of 911s every year. Heck, they now produce thousands of GT cars every year. These cars are all made by robots and automation.

I would not buy any modern 911 with the idea that it will somehow be a collectible. In 25 years, no one will be out there looking to drop insane money on a mint low mileage 992.1 GTS.

Singer is actively being sued by PCNA for appropriating the Porsche brand, trademarks, and heritage. They first got themselves into real trouble with Porsche when they did that Rally car with Porsche logos emblazoned upon it. The DLS and the Turbo are their latest transgressions with the Porsche trademarks and heritage. Porsche is past the cease and desist stage with Singer. It’s quite likely that Singer will not be able to operate as they have going forward.
Old 05-15-2024, 01:29 PM
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Staffie Guy
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The recent large price increases are one of the main reasons for little depreciation.
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