Used LHD prices for Carrera GT?

Used LHD prices for Carrera GT?

Author
Discussion

swe993rs

Original Poster:

41 posts

221 months

Thursday 2nd March 2006
quotequote all
Read a while back that the used selling prices based on real transactions (not the sellers asking price)has really plummeted in Europe and the US. Is this the case and if so what are Carrera GT's being sold for today in Europe?

johnnywishbone

1,171 posts

223 months

Thursday 2nd March 2006
quotequote all
one sold two weeks ago £247,000 !!
not the best colour combo , done 2.5k , ive given up on my quest until they level out (got bored and bought a F1 car instead)

JWB

roygarth

2,674 posts

249 months

Thursday 2nd March 2006
quotequote all
How much were they new? Is their a LHD to RHD spread?

johnnywishbone

1,171 posts

223 months

Thursday 2nd March 2006
quotequote all
hi guys !
list was £318,000 aprox , only made in LHD !!

JWB

Homer J

789 posts

219 months

Thursday 2nd March 2006
quotequote all
johnnywishbone said:
ive given up on my quest until they level out (got bored and bought a F1 car instead)

JWB


Spoke with "your" Mick J yesterday, said he was tripping over F1 and GT cars at the moment up at your place. So which one are you bringing to Croft?

Nice CGT just sold on Carclassics for 250k.



johnnywishbone

1,171 posts

223 months

Thursday 2nd March 2006
quotequote all
Homer J said:
johnnywishbone said:
ive given up on my quest until they level out (got bored and bought a F1 car instead)

JWB


Spoke with "your" Mick J yesterday, said he was tripping over F1 and GT cars at the moment up at your place. So which one are you bringing to Croft?

Nice CGT just sold on Carclassics for 250k. we may bring all three of them , but probably just the minardi and the euroburn !!

JWB



RedRSR

332 posts

257 months

Thursday 2nd March 2006
quotequote all
johnnywishbone said:
we may bring all three of them , but probably just the minardi and the euroburn !!

JWB






Now thats a frightening thought, Nobby in a F1

aasc

358 posts

234 months

Thursday 2nd March 2006
quotequote all
Were RHD C-GT's ever made?

johnny senna

4,046 posts

273 months

Thursday 2nd March 2006
quotequote all
aasc said:
Were RHD C-GT's ever made?



No.

johnny senna

4,046 posts

273 months

Thursday 2nd March 2006
quotequote all
johnnywishbone said:
Homer J said:
johnnywishbone said:
ive given up on my quest until they level out (got bored and bought a F1 car instead)

JWB


Spoke with "your" Mick J yesterday, said he was tripping over F1 and GT cars at the moment up at your place. So which one are you bringing to Croft?

Nice CGT just sold on Carclassics for 250k. we may bring all three of them , but probably just the minardi and the euroburn !!

JWB






Can't wait to see as much exotica as possible John. I have paid up already.......will "race" ya in my RS!!

only kidding, it's a non-competetive tack day etc etc

>> Edited by johnny senna on Thursday 2nd March 18:31

johnny senna

4,046 posts

273 months

Thursday 2nd March 2006
quotequote all
RedRSR said:
johnnywishbone said:
we may bring all three of them , but probably just the minardi and the euroburn !!

JWB






Now thats a frightening thought, Nobby in a F1



Hi Paul. Are you coming to Croft for the Specialist Cars of Malton track day?

bergmeister

1,084 posts

245 months

Thursday 2nd March 2006
quotequote all
That nobby and Johnny wish i was fast are to slow for croft.
JW a nice white gt for sale in germany,had my first test drive in one a month ago.
one nice car has just sold for 230.
I would say be patient,there are so many new cars about in europe and usa etc that have still not sold,some even running out of warranty still new!
A real worrying thing porsche are not renewing warranties,but have been informed that porsche are looking into it!
The usa have a 4yr warranty or 50k miles.

flemke

22,865 posts

238 months

Thursday 2nd March 2006
quotequote all
Famous last words, but the CGT overhang does seem to be getting smaller.
My hunch is that once the weather (Europe and States) improves it will tighten further.
There isn't anything new that's in direct competition with the CGT, unlike the situation for the first year, which in turn set the tone for the second year.
No doubt there are still cars held by people who want out, but at least some of the supply in the hands of private speculators, car dealer speculators, other forms of one-celled life, plus genuine buyers who got more car than they could deal with, has shrunk.

johnnywishbone

1,171 posts

223 months

Friday 3rd March 2006
quotequote all
hi johhny and burger boy !!
i still want one , would love one in white or red . im not botherd about the warrnty thing , i dont think there are many problems with them , if so then im sure we can fix them . i could have bought one for £230,000 inc vat so we could have got £35,000 back , i think the car changed hands in the trade for £215,000 !! i got it offerd the third bloke in the loop , i just didnt like the colour combo ! what was the test drive like paul ? are you comeing up for croft , and the curry i promised you !!!!

be cool

JWB

Davey S2

13,098 posts

255 months

Friday 3rd March 2006
quotequote all
I think it was EVO that ran an article on supercar values recently.

Enzo's were continuing to climb at a steady pace, Mac F1's were around the £1m mark for a clean unmolested example (probably makes yours worth around £10k then Flemke ) and CGT prices were falling quickly.

Apparently there are far more buyers willing to shell out £300K on a Mac Merc SLR as it is more user friendly and has some luggage space. One dealer predicted that CGT prices will be around £170k in 12 months time.

£250K for a CGT or £350K for an SLR? I know where my money would go and it wouldnt have a 3 pointed star on the front of it.

flemke

22,865 posts

238 months

Friday 3rd March 2006
quotequote all
Davey S2 said:
I think it was EVO that ran an article on supercar values recently.

Enzo's were continuing to climb at a steady pace, Mac F1's were around the £1m mark for a clean unmolested example (probably makes yours worth around £10k then Flemke ) and CGT prices were falling quickly.

Apparently there are far more buyers willing to shell out £300K on a Mac Merc SLR as it is more user friendly and has some luggage space. One dealer predicted that CGT prices will be around £170k in 12 months time.

£250K for a CGT or £350K for an SLR? I know where my money would go and it wouldnt have a 3 pointed star on the front of it.
Davey,

I didn't see the article to which you're referring. I can assure you that many journalists, much of the time, don't have a clue about the subject of their writing. It can be shocking how little these people know.
With respect to the article in question, how many journalists actually have bought one of the four cars that you mention? I'm rather sure that the answer is as close to zero as one can get. So all they're doing is repeating whatever spiel they're gettting told by dealers. How many dealers would a writer consult? Maybe two, no more than three. If one of them is more quotable and has an SLR on his books, what's he going to say to the journalist? "SLR market is strong, mate!" And what's the dealer who'd like to pick up a couple of CGTs going to say? "CGTs are headed south, look out below!"

Then you have the journalists' irresistable urge to make a story more 'interesting', regardless of whether it reflects the essential truth. When was the last time that you saw an article on the theme "Car prices are stable"?
On various subjects through the years, during interviews, friends and I have pointed out to journalists that they've got something wrong and corrected them. You wouldn't believe how often they say, "Yes, but I can't write that (the factual truth), because people wouldn't be interested" (or, "because that's not what I'm trying to say" ).
We all learn stuff from journalists, but, believe me, there is less there than first meets the eye.

With respect to the four cars that you mention,
- CGT prices (as I said) are at least beginning to stabliise. They have done since the end of production was announced. You see fewer advertised for sale now, right? The dealer who predicted that they will be around 170 in 12 months may be proved right, but I wouldn't want to stake my life on the penetrating brilliance, wisdom and intellectual integrity of car dealers.
- SLR orders have slowed considerably, the crucial difference between the SLR and CGT markets being that the SLR will be in production for the forseeable future. DC are trying to stimulate demand by offering more options and potentially a variant on the basic model. Make of that what you will with respect to market value.
- Enzo prices peaked about 18 months ago and have been easing since. At any one time lately there have been quite a few for sale.
- F1 prices have gone up by about 15% in the last year. None of the changes I've made to mine cannot be reversed back to the original, so that's not a problem. Even if they were irreversible, if I had to choose between the most expensive car and the best car, I know which I'd rather have.

Cheers.




>> Edited by flemke on Friday 3rd March 11:05

993rsr

3,443 posts

250 months

Friday 3rd March 2006
quotequote all
I think the other thing that could affect values is that the Carrera GT's are coming out of warranty and Porsche are not renewing. For me the reason to own one would be to use it and drive it as it's maker intended, on the road and on the track.

I suspect out of warranty the cost of doing this could prove prohibitive (unless you are Flemke!) and for me if they ever did come down to a purchase price I could afford/justify I don't think I could drive it in the manner it deserved in case I broke it or damaged it.

Although values of Carrera GT and 993 GT2's are closing in on each other, the two people I've spoken to who have driven both say they don't deserve to. The Carrera GT is simply on a totally different level!

clubsport

7,260 posts

259 months

Friday 3rd March 2006
quotequote all
So, based on that do you see 993 Gt2 values close to peaking here...or are they ever going to join the ranks of the truly gilt edge Porsche such as RSR 2.8 for example?

dealmaker

2,215 posts

255 months

Friday 3rd March 2006
quotequote all
993rsr said:

Although values of Carrera GT and 993 GT2's are closing in on each other, the two people I've spoken to who have driven both say they don't deserve to. The Carrera GT is simply on a totally different level!


Agreed. Having driven both (and owned a 993GT2) the CGT is on a totally different page (as it should be) - I know where my money would be.

993rsr

3,443 posts

250 months

Friday 3rd March 2006
quotequote all
Paul, I'm not sufficiently in the know on the older models, Bergmeister and Agent Orange are more able to answer that.

What I do know is the 993 GT2 was the last of the air cooled 911's built with few restrictions on what can be built, without concern for profit on sales, and as a platform for a race car. For this fact alone it must hold a certain value as the 'last of the line' as it were. Built in very small numbers and with less and less original cars available I could see values rising in the long term.