991 GT3 Prices - 50 cars available!
Discussion
To put some perspective ...
Only the best and correctly priced cars have been selling. For example, Top555 had a great 600 mile Black high-spec Club Sport that sold for 137k. That is correct price in my opinion, today. Further, the buyers who are entering the market are not buying to speculate from what I see. They are specifically looking for Club Sport models and looking to use them on track and road tours. They accept that the car will continue to depreciate, albeit the levels they are purchasing now will limit their downsides. Normal market is starting to resume.
On the flipside, Comfort models are finding it hard to find buyers unless very aggressively priced. The cars that have been advertised the longest on PHs are Comforts (some have been on for 5+ months!!!). Comforts can be had for 125k.
No one I know is buying a 991 GT3 to speculate! Traders have been burnt. Speculators have been burnt. The 991 GT3 will continue to depreciate because in terms of residuals it is the R-U-N-T of the Porsche family. (before I get slagged off, I am saying it is a RUNT in terms of purely residuals and not in terms of its awesome breadth of ability). It has been damaged by the engine debacle ... and this is still an on-going issue as more press reports keep surfacing about its reliability. The engine does not have proven reliability of the Metzer engine, fact. Speak to Track Day RSR rentals directly who will quite openly tell you how many engine replacements they have had on the 991s they run and compare that to the almost zero issues they had on the 997. Hence, when these cars run out of warranty, they will take a bigger depreciation hit as some owners will not want to take the risk of a replacement engine at ~40k.
Further, manual version GT3 is coming, possibly in disguise as a 991.2 GT3. AP has more or less confirmed that. Who will want the old verion then?
However, the biggest indication of which way these are heading has been the steady 50 or so cars available for the past 4 months. OPC has circa 18-20 cars. This is the ** undeniable evidence ** that supply is not able to be absorbed at the lofty overs being asked. And more cars will continue to come to the market as RS deliveries start.
Summary, you buy a 991GT3 today if you want to use it - that is a fantastic proposition!
... but you don't buy one to speculate - that game is well and truly over!
sidicks said:
ThirtySomething said:
Summary, you buy a 991GT3 today if you want to use it - that is a fantastic proposition!
I'd take issue with some of what you wrote, but not this bit. Of course that's quite different from those who would claim that values are somehow in 'freefall'!I think we have a little more depreciation to go but certainly not freefall. List + 10k seems fair by year end.
V8KSN said:
ThirtySomething said:
sidicks said:
ThirtySomething said:
Summary, you buy a 991GT3 today if you want to use it - that is a fantastic proposition!
I'd take issue with some of what you wrote, but not this bit. Of course that's quite different from those who would claim that values are somehow in 'freefall'!I think we have a little more depreciation to go but certainly not freefall. List + 10k seems fair by year end.
If so, where do you see 997 GT3 prices ending up?
Can 997 prices be higher than 991 prices ? Yes. Different cars. Like 996 prices are higher than some 997s.
Edited by ThirtySomething on Saturday 15th August 12:35
5517 said:
ThirtySomething said:
=To put some perspective ...=
Blah blah blah... boring.
HAHA ! Considering this thread has had 1000+ posts, with you being a significant contributor, I BEG TO DIFFER! If its so boring why do you keep reading and posting, just as others do !!! You can't stay away. Blah blah blah... boring.
This is one of the MOST read threads on the Porsche forums! Prices are what are driving a significant amount of purchases. No one gives a s
t about reading about driving experiences. 
Nice Guards Red GT3 Clubsport for sale with Lift, Leather for £107,000. LHD but for those who predominantly use cars on the track and European road tours (not many on here it seems considering mileages) .... then this offers decent value. Also makes the RS look stupid at the overs being asked.
Link ...
http://www.pistonheads.com/classifieds/used-cars/p...
Link ...
http://www.pistonheads.com/classifieds/used-cars/p...
PorscheGT4 said:
LaSource said:
Many lower priced club sport cars have definitely sold. Seen the buyers posting elsewhere.
yes 3 cars and were bought at "good deals" but no one would say the prices !!EvoBlade said:
PorscheGT4 said:
yes 3 cars and were bought at "good deals" but no one would say the prices !!
Think you are referring to me and no I wasn't prepared to say when the deal had not concluded.I bought the red JZM car, clubsport, good spec, carbon, ceramics, chrono etc, Sept 14 car with 950 miles for £141k
Friend of mine paid £137k for a similar spec 2015 car with 3k miles in yellow
The other car was a comfort with ceramics, low miles but harder to say price as it was a part- ex
Edited by ThirtySomething on Thursday 27th August 16:01
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