The Porsche Bubble Explodes - 'PEAK BEARD'

The Porsche Bubble Explodes - 'PEAK BEARD'

Author
Discussion

mollytherocker

Original Poster:

14,366 posts

209 months

Tuesday 15th July 2014
quotequote all
Hi All

I have been banging on about increases in RS, GT and air cooled cars for the past couple of years and was very much of the view that its just the market in action, with International forces just increasing the pressure.

But, I am starting to think that its gone too far and some traders have been manipulating this rise in prices to their advantage (maybe even working as a cartel). The horror eh?

This Summer we have seen some crazy rises and I am wondering whether it is sustainable and whether we have hit 'peak beard' (Copyright MTR). A 993RS for 250k? Gen 2 GT3 non RS at 100k? 964RS at lord knows what now!

Don't get me wrong, I am not saying that there is an almighty crash due, but we may be at the summit, with some 'corrections' to come and then a levelling out over the next few years.

Therefore, I am offically calling a bubble. Views?

SEE YA

3,522 posts

245 months

Tuesday 15th July 2014
quotequote all
Bubble or not just going to enjoy my car.

mollytherocker

Original Poster:

14,366 posts

209 months

Tuesday 15th July 2014
quotequote all
SEE YA said:
Bubble or not just going to enjoy my car.
Me too! I am wondering whether this post might be unpopular!

alcatraz236

197 posts

152 months

Tuesday 15th July 2014
quotequote all
I think it may have a bit further to run, we will only see the peak when 996 Carrera cab tiptronic's hit £100k

SunDiver

780 posts

237 months

Tuesday 15th July 2014
quotequote all
Peak Beard got called back in April in The Guardian, though in a different context; those crazy hipsters...

But yeah, could be. JZM have three 993 Turbos and they've (shock, horror) *dropped* the prices on two of them recently. They dared to *lower* the price! Accepted air-cooled sales wisdom (Hexagon Motors) has it that when thou cannot selleth a car thou shalt substantially raiseth thy price. Clearly JZM will have no such thing.

If so, and 993RSs are £10,000 by the end of the year, count me in.

Edited by SunDiver on Tuesday 15th July 23:32

bigunit00

890 posts

147 months

Tuesday 15th July 2014
quotequote all
alcatraz236 said:
I think it may have a bit further to run, we will only see the peak when 996 Carrera cab tiptronic's hit £100k
You mean 996 turbo tips with gt2 front end and DMS mods to 550BHP........its a "one off" though!.......very rare.........smile

SEE YA

3,522 posts

245 months

Tuesday 15th July 2014
quotequote all
No they have risen, but the downside is a chap who wanted one a few years ago he cannot afford one now.

As values have shot up on A/C Porsche's as we all know. Even if you sell at peak time it may not be that easy. Dealers are going around buying stock, from private sellers then there mark up and values go up.
I know of quite a few 911's been for sale for ages good car's as well.

Even Boxster's are low now, get one now for under £4k great value a lot of car for not so much money.



Edited by SEE YA on Tuesday 15th July 23:37

mollytherocker

Original Poster:

14,366 posts

209 months

Tuesday 15th July 2014
quotequote all
SunDiver said:
Peak Beard got called back in April in The Guardian, though in a different context; those crazy hipsters...

Edited by SunDiver on Tuesday 15th July 23:32
I may have borrowed the term. I think it fits though. wink

RDMcG

19,139 posts

207 months

Wednesday 16th July 2014
quotequote all
I just have no clue on this, and came to the conclusion that I would buy and drive, damn the torpedoes.

I sold my 3.8 RS of amazing money, kept my 3.6 RS permanently and will move on to the 991RS. Personally if I lived in Europe I would go for a 996 RS, as they are not that common. The 993RS is already well up there in value I think.

Mario149

7,754 posts

178 months

Wednesday 16th July 2014
quotequote all
I'm stil chuckling at "Peak Beard".... hehe

Yellow491

2,922 posts

119 months

Wednesday 16th July 2014
quotequote all
Mtr,dealers are only extracting what punters are prepared to pay in the market place,buyers are driving the market.
The top end proper rare stuff is going off at a different level again,and not much sign of slowing so far.A lot of these cars are selling under the radar of adverts and changing hands with the people in the know.

Ken Sington

3,959 posts

238 months

Wednesday 16th July 2014
quotequote all
Where are the cars that are fetching money like this ending up? With overseas buyers?

SEE YA

3,522 posts

245 months

Wednesday 16th July 2014
quotequote all
Japan is one of the major locations.

chrisgaia

123 posts

131 months

Wednesday 16th July 2014
quotequote all
mollytherocker said:
Hi All

I have been banging on about increases in RS, GT and air cooled cars for the past couple of years and was very much of the view that its just the market in action, with International forces just increasing the pressure.

But, I am starting to think that its gone too far and some traders have been manipulating this rise in prices to their advantage (maybe even working as a cartel). The horror eh?

This Summer we have seen some crazy rises and I am wondering whether it is sustainable and whether we have hit 'peak beard' (Copyright MTR). A 993RS for 250k? Gen 2 GT3 non RS at 100k? 964RS at lord knows what now!

Don't get me wrong, I am not saying that there is an almighty crash due, but we may be at the summit, with some 'corrections' to come and then a levelling out over the next few years.

Therefore, I am offically calling a bubble. Views?
Well fluck a duck! Things must be bad...HWM have a good deal on a 993 Coupe Manual thats NOT POA?!!

http://www.pistonheads.com/classifieds/used-cars/p...

Bet my C2 that there is no real car and this is a click/call generator.


Edited by chrisgaia on Wednesday 16th July 11:28

BubblesNW

1,710 posts

183 months

Wednesday 16th July 2014
quotequote all
We might be at Peak Beard but if there is a crash there will still be a demand for the less accessible Beard reserves for some time to come. We will see a leveling off of Beard demand but the higher quality Beards will retain their excusivity, cache and price imho.

isaldiri

18,537 posts

168 months

Wednesday 16th July 2014
quotequote all
It's probably a bubble but that doesn't mean it won't continue on for a while and as far as older Ferraris, a bubble's been called for quite a while and that certainly shows no sign of stopping.

Have to admit, wouldn't mind prices returning to something more sensible as it's started to put a not insignificant crimp on the usage of my car.

delays

786 posts

215 months

Wednesday 16th July 2014
quotequote all
Anyone worrying about spiralling values would be well-advised to buy an early Boxster for under £5k.

Crazy value, both in context of where other 6-cylinder Pork is headed as well as in the grand scheme of things. Some are down as low as £4k - the price of a set of PCCBs.

15yrold

55 posts

157 months

Wednesday 16th July 2014
quotequote all
nowhere near exploding yet imv

SEE YA

3,522 posts

245 months

Wednesday 16th July 2014
quotequote all
delays said:
Anyone worrying about spiralling values would be well-advised to buy an early Boxster for under £5k.

Crazy value, both in context of where other 6-cylinder Pork is headed as well as in the grand scheme of things. Some are down as low as £4k - the price of a set of PCCBs.
+1

mollytherocker

Original Poster:

14,366 posts

209 months

Wednesday 16th July 2014
quotequote all
delays said:
Anyone worrying about spiralling values would be well-advised to buy an early Boxster for under £5k.

Crazy value, both in context of where other 6-cylinder Pork is headed as well as in the grand scheme of things. Some are down as low as £4k - the price of a set of PCCBs.
Agreed, they are amazing value.