Current market
Discussion
Sukh13 said:
Agreed.
The first one has a grey interior but only 6k miles, so it will be interesting to see how much it goes for.
The second looks like a very nice example. I would guess 57k bid plus fees.
Last month i guessed on a 991.1 black edition and was about £8k under what it actually went for. I have a feeling the crayon coloured 2017 991.2 will be over £60k before fees. The first one has a grey interior but only 6k miles, so it will be interesting to see how much it goes for.
The second looks like a very nice example. I would guess 57k bid plus fees.
highway said:
The guy with the 6k mile C4S on CC would get the price that car is at currently, via an AT ad, in short order. Rare beast with those miles. Add on another £3k and it’s less compelling. The CC fee structure is very off putting.
But he has that price now and has upside from higher bids as the auction runs to the end?I.e. of course he could achieve the current price on AT as it likely reflects below market value as the auction hasn't ended.
The buyer pays the fees...
CK11 said:
Sukh13 said:
Agreed.
The first one has a grey interior but only 6k miles, so it will be interesting to see how much it goes for.
The second looks like a very nice example. I would guess 57k bid plus fees.
Last month i guessed on a 991.1 black edition and was about £8k under what it actually went for. I have a feeling the crayon coloured 2017 991.2 will be over £60k before fees. The first one has a grey interior but only 6k miles, so it will be interesting to see how much it goes for.
The second looks like a very nice example. I would guess 57k bid plus fees.
highway said:
The guy with the 6k mile C4S on CC would get the price that car is at currently, via an AT ad, in short order. Rare beast with those miles. Add on another £3k and it’s less compelling. The CC fee structure is very off putting.
I said this the other day. I was told I was wrong. I can't see why any buyer would by a premium of 7.5%.
I guess the crayon 991.2 coming up on CC will be well over £60k after fees, going by the black one that sold a couple of weeks back, closer to £70k all in.
https://collectingcars.com/for-sale/2016-porsche-9...
Not all buyers have their eye on whats happening i guess
https://collectingcars.com/for-sale/2016-porsche-9...
Not all buyers have their eye on whats happening i guess
CK11 said:
I guess the crayon 991.2 coming up on CC will be well over £60k after fees, going by the black one that sold a couple of weeks back, closer to £70k all in.
https://collectingcars.com/for-sale/2016-porsche-9...
Not all buyers have their eye on whats happening i guess
Crazy low miles on that one that sold. https://collectingcars.com/for-sale/2016-porsche-9...
Not all buyers have their eye on whats happening i guess
I don’t think the crayon car will do nearly as well.
Seen a few price reductions this week and will only get worse going into December.
I’m going to try my luck over the next few weeks. They can only say no.
stuckmojo said:
CK11 said:
I see the same dealer , eden group, that i enquired about the silver one above has dropped the price of the white one they have in. Things starting to move i hope.
I be tempted on the white one at £55k
this one? that Autotrader tracker is a brilliant thingI be tempted on the white one at £55k
The silver one that they also had i see if no longer advertised on their website so must be gone also.
They both didnt hang around long after their latest price drops.
A fortune i bet. Lol
I guess those 2 at least give a rough idea of where the market is at currently for those particular models. All others i have saved are still sitting and im 99% sure will continue to sit unless they drop the prices significantly.
On a side note, alot of private sellers must have their heads in the sand, in some cases asking similar than the equivalent OPC car.
It could take a while for this to all play out.
I guess those 2 at least give a rough idea of where the market is at currently for those particular models. All others i have saved are still sitting and im 99% sure will continue to sit unless they drop the prices significantly.
On a side note, alot of private sellers must have their heads in the sand, in some cases asking similar than the equivalent OPC car.
It could take a while for this to all play out.
Edited by CK11 on Tuesday 21st November 16:48
CK11 said:
On a side note, alot of private sellers must have their heads in the sand, in some cases asking similar than the equivalent OPC car.
It could take a while for this to all play out.
I think sellers are waiting to see what's going to happen and hoping for a bounce in the market come the new year - those that don't need to sell that is. It could take a while for this to all play out.
For example, if you want £60K for your car but you'll get £50K from now and over winter, you might want to wait until after Christmas to see if the market comes back. Maybe the thinking is that even if the market doesn't go back to what it was in Sept, you still might get £55K in the new year, which is £5K more than if you sold now. So leave the price as is, if you get a bite, great, if not, you've not lost out as much as selling at today's prices.
However, if that bounce doesn't materialse (which I'm not sure it will), those people who want to sell will have to be much more competitive with their prices.
Edited by b8575 on Tuesday 21st November 16:14
Edited by b8575 on Tuesday 21st November 16:15
b8575 said:
CK11 said:
On a side note, alot of private sellers must have their heads in the sand, in some cases asking similar than the equivalent OPC car.
It could take a while for this to all play out.
I think sellers are waiting to see what's going to happen and hoping for a bounce in the market come the new year - those that don't need to sell that is. It could take a while for this to all play out.
For example, if you want £60K for your car but you'll get £50K from now and over winter, you might want to wait until after Christmas to see if the market comes back. Maybe the thinking is that even if the market doesn't go back to what it was in Sept, you still might get £55K in the new year, which is £5K more than if you sold now. So leave the price as is, if you get a bite, great, if not, you've not lost out as much as selling at today's prices.
However, if that bounce doesn't materialse (which I'm not sure it will), those people who want to sell will have to be much more competitive with their prices.
Edited by b8575 on Tuesday 21st November 16:14
Edited by b8575 on Tuesday 21st November 16:15
Tagteam said:
b8575 said:
CK11 said:
On a side note, alot of private sellers must have their heads in the sand, in some cases asking similar than the equivalent OPC car.
It could take a while for this to all play out.
I think sellers are waiting to see what's going to happen and hoping for a bounce in the market come the new year - those that don't need to sell that is. It could take a while for this to all play out.
For example, if you want £60K for your car but you'll get £50K from now and over winter, you might want to wait until after Christmas to see if the market comes back. Maybe the thinking is that even if the market doesn't go back to what it was in Sept, you still might get £55K in the new year, which is £5K more than if you sold now. So leave the price as is, if you get a bite, great, if not, you've not lost out as much as selling at today's prices.
However, if that bounce doesn't materialse (which I'm not sure it will), those people who want to sell will have to be much more competitive with their prices.
I think therein lies the problem. Markets are all about sentiment. If enough people think that prices are going to (or should) fall, they're not going to buy unless they have to, and most people don't have to buy a Porsche. Sellers don't have to sell either, but if you do want to sell, you're going to have to price the thing to sell in the current market. Either buyer sentiment/market conditions have to change or sellers have to adjust their prices.
ETA: it happened the other way round during the last few years, where sellers raised their prices in line with the market and buyer's sentiment, that being that the things they wanted to buy would become more scarce (and so more expensive).
ETA: it happened the other way round during the last few years, where sellers raised their prices in line with the market and buyer's sentiment, that being that the things they wanted to buy would become more scarce (and so more expensive).
Edited by b8575 on Wednesday 22 November 09:47
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