how come so many 991.2 GT3 for sale

how come so many 991.2 GT3 for sale

Author
Discussion

browngt3

1,411 posts

212 months

Saturday 11th August 2018
quotequote all
EL77 said:
Cheib said:
Well not that it matters but I am pretty sure I’d lose money on mine now if I wanted to sell it....1700miles and specced to close to £140k. There’s no way I’d get a trade bid above £140k now I reckon.

Oh well I’ll just have to keep it biggrin
I would pay more than list.
Reckon there's quite a lot who will pay more than list, just not the silly advertised prices. The car remains fantastic value even at 150k imo

Porsche911R

21,146 posts

266 months

Saturday 11th August 2018
quotequote all
EL77 said:
I would pay more than list.
Most people did one way or another, the flippers have been and gone on this model, we are left with a lot of cars which a lot of people did pay overs for some way along the line, being brown envelopes, or low part ex deals, or buying a over priced GT4 in the show room when stock was not moving and part ex it back on a promise.

Vip flippers are in and out and have made the money, hence the RS £100k overs now.

The standard model a lot of owners are in well above list some way or another.

£30k overs seems where we are today to act see a sale, that in the big picture of what none VIP buyers have to go though is not a bad price for one.

I have friends who paid more , I also am in at £155k and a 1st owner, but imo it's a very special car in manual form. Time will tell if I am right or not on this one.



Edited by Porsche911R on Saturday 11th August 11:01

SC50

116 posts

136 months

Saturday 11th August 2018
quotequote all
browngt3 said:
Reckon there's quite a lot who will pay more than list, just not the silly advertised prices. The car remains fantastic value even at 150k imo
In the market for a GT3 and PDK car. Any body with a mint car get in touch, must be low mileage and will pay over list but not stupid money. If it’s black or silver not interested.

Wilmslowboy

4,214 posts

207 months

Saturday 11th August 2018
quotequote all
SC50 said:
In the market for a GT3 and PDK car. Any body with a mint car get in touch, must be low mileage and will pay over list but not stupid money. If it’s black or silver not interested.
Know of 3 that sold for £140's ...including one on here a couple of weeks ago. (One of the three was a bit less at late £130s but that went back to OPC for a promise on the next model.


Been cocking about with DVLA data on registered cars (on the road) interesting to see that the suggestion of the past 12 months being a doube bubble year, plays out in the data (GT3 and RS realeased at the same time)

Blue bar is total cars "taxed" in the UK (GT3, GT3RS & GT2), orange line (right axis) is change from last year....gone from around 100 -150 to over 300 "extra cars added" in the past 12 months....




Porsche911R

21,146 posts

266 months

Saturday 11th August 2018
quotequote all
Nice in theory these cheap cars, but £30k overs seems where we are at.

Cheapest car for sale today is a 2017 steel braked car at £153k.

Quoting part ex deals where guys end up is RS cars is a bit moot.

If you want the spec, ie a bucket seated PCCB car with sub 1k miles and all the bits like led head lights, lift and carbon, in a 2018 model I doubt we will see one sub 160k atm.

991.1need to drop a ton for that to happen, and it might well happen, but realistic buyers need to be thinking £30k overs at today’s prices.

Tony 1234

3,465 posts

228 months

Saturday 11th August 2018
quotequote all
I'd have thought .2 GT3's will be at about their lowest value now if the 992 GT3 is not NA

Cheib

23,278 posts

176 months

Saturday 11th August 2018
quotequote all
EL77 said:
Cheib said:
Well not that it matters but I am pretty sure I’d lose money on mine now if I wanted to sell it....1700miles and specced to close to £140k. There’s no way I’d get a trade bid above £140k now I reckon.

Oh well I’ll just have to keep it biggrin
I would pay more than list.
You should be able to buy a nice car in the next three months then. But not mine wink Good luck!

GT4RS

4,439 posts

198 months

Saturday 11th August 2018
quotequote all
Porsche911R said:
EL77 said:
I would pay more than list.
Most people did one way or another, the flippers have been and gone on this model, we are left with a lot of cars which a lot of people did pay overs for some way along the line, being brown envelopes, or low part ex deals, or buying a over priced GT4 in the show room when stock was not moving and part ex it back on a promise.

Vip flippers are in and out and have made the money, hence the RS £100k overs now.

The standard model a lot of owners are in well above list some way or another.

£30k overs seems where we are today to act see a sale, that in the big picture of what none VIP buyers have to go though is not a bad price for one.

I have friends who paid more , I also am in at £155k and a 1st owner, but imo it's a very special car in manual form. Time will tell if I am right or not on this one.



Edited by Porsche911R on Saturday 11th August 11:01
These aren’t selling at 30k over list anymore. Any trade bid would be close to list, I’m genuinely shocked on how many are for sale. I didn’t expect anywhere near this volume, when you start adding all the Porsche gt cars that are currently for sale supply clearly out ways demand, worrying times as at some point later this year we will have another 700 new Porsche gt cars starting to turn up and I would imagine a lot of those will end up in flippers hands.

I’ve currently got a gts macan and a 991.2 4s which I’m thinking of offloading as I have no need two for cars, I was thinking about a McClaren 570s but they seem to be falling faster in price.



Porsche911R

21,146 posts

266 months

Saturday 11th August 2018
quotequote all
GT4RS said:
These aren’t selling at 30k over list anymore. Any trade bid would be close to list, I’m genuinely shocked on how many are for sale. I didn’t expect anywhere near this volume, when you start adding all the Porsche gt cars that are currently for sale supply clearly out ways demand, worrying times as at some point later this year we will have another 700 new Porsche gt cars starting to turn up and I would imagine a lot of those will end up in flippers hands.

I’ve currently got a gts macan and a 991.2 4s which I’m thinking of offloading as I have no need two for cars, I was thinking about a McClaren 570s but they seem to be falling faster in price.
Thing is they are selling for £30k over list !

Try and buy one for less ! Doom and gloom is great on forums but you cannot buy the cars for any less....as for 700 new cars this year , I doubt we will see any more in 2018 ! At best a 2nd wave of RS models, nothing else is due.

No GT3's for another 2 years at least.

Buying now or soon might be wise , I expect a firm hold after the dip then a rise early 2019.. Flippers are out so the stock is what it is and the best cars will get snapped up imo.



Edited by Porsche911R on Saturday 11th August 17:04

Helicopter123

8,831 posts

157 months

Saturday 11th August 2018
quotequote all
Porsche911R said:
... I expect a firm hold then a rise early 2019 after dealers drop to sell over winter...

Edited by Porsche911R on Saturday 11th August 15:53
Right, got that, so it's a 'firm hold' then 'a rise' but only after a 'drop'?

Porsche911R

21,146 posts

266 months

Saturday 11th August 2018
quotequote all
Helicopter123 said:
Right, got that, so it's a 'firm hold' then 'a rise' but only after a 'drop'?
Lol fixed it, dip, firm hold, then a rise imo , But the best cars sell 1st so imo buying now or soon might be wise if you see a car you like, most for sale are silver which is not a great GT colour and the best spec cars will dry up, leaving comfort poor spec cars about and there are loads of those.

Taffy66

5,964 posts

103 months

Saturday 11th August 2018
quotequote all
I'm very reliably informed that 991,2GT3s are actually selling in the £160sK if a good spec..Surprisingly manual cars are not selling easier than PDK cars and making the same money..Two essential options needed for a quick sale at decent money are Clubsport and PCCBs.
Silvers are difficult to shift and rather surprisingly Graphite blue has turned out to be much in demand..I think it looks great in GBM and was on my original shortlist however my family hated it..
I bought mine to drive, as along it stays above list i'm pretty chuffed and will keep it long term unless i get an allocation on a Speedster or RS..

Robbo66

3,834 posts

234 months

Saturday 11th August 2018
quotequote all
Taffy66 said:
I'm very reliably informed that 991,2GT3s are actually selling in the £160sK if a good spec...
Possibly low £160’s for now, but that’s not what the owner will realise. Nowhere near.
Never seen so many for sale, staggering. The next 6 months will be very interesting.

Cheib

23,278 posts

176 months

Saturday 11th August 2018
quotequote all
Taffy66 said:
I bought mine to drive, as along it stays above list i'm pretty chuffed and will keep it long term unless i get an allocation on a Speedster or RS..
If you got offered either/or and the economics were the same which would you go for ?

Porsche911R

21,146 posts

266 months

Saturday 11th August 2018
quotequote all
Robbo66 said:
Possibly low £160’s for now, but that’s not what the owner will realise. Nowhere near.
Never seen so many for sale, staggering. The next 6 months will be very interesting.
If they are selling they are selling.

People are funny about values, buyers want the market to drop seller don't.

People say I talk up and down stuff which is amusing as I have not sold or bought a private car In about 5 years now due to the daft OPC loop I was in. So those on that line of crap is always funny which 3 or 4 seem to be.

I can only wish buyers good luck as the thread starts to get daft, the best spec cars will sell and fetch £30k over no issue, looking at the stock most are low spec and there are not that many really, only 15 or so manuals none in GT strong colours, so people who wait it out will miss out imo.

Unless we get a big drop across the board more than the 10% we have seen , it is what it is.

m88ony

337 posts

102 months

Saturday 11th August 2018
quotequote all
Porsche911R said:
Thing is they are selling for £30k over list !

Try and buy one for less ! Doom and gloom is great on forums but you cannot buy the cars for any less....as for 700 new cars this year , I doubt we will see any more in 2018 ! At best a 2nd wave of RS models, nothing else is due.

No GT3's for another 2 years at least.

Buying now or soon might be wise , I expect a firm hold after the dip then a rise early 2019.. Flippers are out so the stock is what it is and the best cars will get snapped up imo.



Edited by Porsche911R on Saturday 11th August 17:04
What amazes me is that nobody realises that they are selling at OPC at £30k over list. The seller back to OPC isn’t getting £30k over list!

Taffy66

5,964 posts

103 months

Sunday 12th August 2018
quotequote all
Cheib said:
If you got offered either/or and the economics were the same which would you go for ?
If i was allowed to keep my GT3 then definitely Speedster.

RSVP911

8,192 posts

134 months

Sunday 12th August 2018
quotequote all
Robbo66 said:
Possibly low £160’s for now, but that’s not what the owner will realise. Nowhere near.
Never seen so many for sale, staggering. The next 6 months will be very interesting.
Aren’t the numbers for sale ridiculous ; I really hope this is the start of people not making any real money on these cars and as such, not bothering next time , only then will we end up back to something that looks more like “normality” going forward - wishful thinking I know .

The truth is this circus has two main drivers :

Limited supply :

Supply is steadily rising across the GT board and over time will have a negative effect on prices as availability “in general” increases.

Cheap money.

Who knows, for sure, certainly not me, but if we do crash out of Europe, the financial aftershock will have a negative effect on people’s propensity to risk and will then affect behaviour; If the returns reduce or evaporate, the cycle of offloading cars in panic willl set off a negative cycle that will be so quick; it will be brutal.

The fly in the ointment is the new entrant. The nieve consumer confusing advertised prices with prices actually realised; this allows the salesman to flash these numbers around to underpin a “golden journey” that will not materialise in reality once the punter has bought a couple of cars they don’t want and sold them back at a bargain price to get the halo product; as I say it’s a circus; a very effective one underpinned by a brilliant product, but a circus never the less.

So in summary, I’d love GT prices to crash & before I get slagged off for trying to talk the market down ; I already own a 991.2 GT3 smile



Edited by RSVP911 on Sunday 12th August 08:46

GT4RS

4,439 posts

198 months

Sunday 12th August 2018
quotequote all
Wilmslowboy said:
SC50 said:
In the market for a GT3 and PDK car. Any body with a mint car get in touch, must be low mileage and will pay over list but not stupid money. If it’s black or silver not interested.
Know of 3 that sold for £140's ...including one on here a couple of weeks ago. (One of the three was a bit less at late £130s but that went back to OPC for a promise on the next model.


Been cocking about with DVLA data on registered cars (on the road) interesting to see that the suggestion of the past 12 months being a doube bubble year, plays out in the data (GT3 and RS realeased at the same time)

Blue bar is total cars "taxed" in the UK (GT3, GT3RS & GT2), orange line (right axis) is change from last year....gone from around 100 -150 to over 300 "extra cars added" in the past 12 months....



This ties in with my comments, over supply is here and with more gt3 rs cars come then the new gt4 it will only get worse. This can be seen already you only have to add up all the Porsche gt cars currently for sale.

It wouldn’t shock me if a standard 991.2 was rather than a gt3

franki68

10,410 posts

222 months

Sunday 12th August 2018
quotequote all
Porsche911R said:
Helicopter123 said:
Right, got that, so it's a 'firm hold' then 'a rise' but only after a 'drop'?
Lol fixed it, dip, firm hold, then a rise imo , But the best cars sell 1st so imo buying now or soon might be wise if you see a car you like, most for sale are silver which is not a great GT colour and the best spec cars will dry up, leaving comfort poor spec cars about and there are loads of those.
There really are very few comfort spec cars around.
Nearly Half the cars for sale are manual (I include tourings) and most cars have buckets.if cars for sale represent the cars delivered then comfort spec cars are around 10-20% of stock.

The spec of the next gt3 (n/a or not)will determine the long term value of this gen2 car.