Lots of brand new Porsches immediately available

[f1ten]

It is a bit of an illusion that 911s are cheap to run. Maybe under 3 yes old in warranty. My 996 turbo was not a cheap car to run and as a result I questioned myself, was it delivering 100% of the experience of a special car or was an Italian donkey going to be a more fulfilling experience for probably a little bit more running cost.... 14 years later I'm still driving an Italian donkey ... Point of this is that people buying a 10 yr old 991 thinking it will never have any mechanical spend are kidding themselves. So could a 991 depreciate much more from 50k .... Yes I think so.

Ask collectors why the 959 before 2015 was never worth stratospheric money... Everyone will tell you because they cost a fortune to run. It hampered their investment potential.

[Sidsw]

Gregmitchell said:

The "new" ones on autotrader have 25 miles on the clock, not sold for months, it's January, beginning of the quarter, thus the "firming up" they've put their prices up and you can see it on autotrader price tracker, e.g. don't need to fire sell yet, wait until March. I'd bet that sales are going to be absolutely terrible in H1 this year, and Porsche shares are going to slide further like their car sales, more bargains will be had.

https://www.autotrader.co.uk/car-details/202309282... this has had its price put up by £6k for example in January, the sales gurus seem to think it will sell now for £6k more than 4 weeks ago, even though it's been up for sale for 4 months.

https://www.autotrader.co.uk/car-details/202310263... 3 price rises in a month

Are Porsche the only manufacturer that put prices up when they can't sell cars? Doesn't inspire confidence on buying any of their cars when prices go up and down like a yoyo

Edited by Gregmitchell on Monday 22 January 21:37

Edited by Gregmitchell on Monday 22 January 21:39

Edited by Gregmitchell on Monday 22 January 21:42

its called wishful thinking!

their share price is getting hammered. 12% down since start, 35%from highs.

if they think china market is going to save them they need to think again. just had a friend come back from beijing and shanghai whos heavily involved in auto industry. he said all you see driving round now is chinese branded ev's and the brands are looking to dominate the market with government backing

[Ed.Neumann]

f1ten said:

It is a bit of an illusion that 911s are cheap to run.

Oh, I know, boy do I know! Haha
But the perception is they are considerably cheaper and more reliable than many others.



Aston service costs are actually really good value.

https://astonmartinworks.com/aston-martin-works-af...

[Vroomer]

numtumfutunch said:

12TS said:

£50k for a 2 year old taycan on collecting cars just now. 6000 miles.

So that’s about 50% loss after a couple of years.

Or what you'd expect on a second hand car???

No. The rule of thumb was always a car lost 50% of its value after THREE years.

[ChrisW.]

Agreed, the very best cars ... and to be fair 911's were good ... were expected to hold 2/3rds of their value after three years ...

[andrew]

Vroomer said:

numtumfutunch said:

12TS said:

£50k for a 2 year old taycan on collecting cars just now. 6000 miles.

So that’s about 50% loss after a couple of years.

Or what you'd expect on a second hand car???

No. The rule of thumb was always a car lost 50% of its value after THREE years.

most cars : three years
new model or in demand : four years
large french or italian saloon : two years

[_speedyellow_]

Ed.Neumann said:

Oh, I know, boy do I know! Haha
But the perception is they are considerably cheaper and more reliable than many others.



Aston service costs are actually really good value.

https://astonmartinworks.com/aston-martin-works-af...

Wow - so 1st 5 years of servicing is included in the cost of the car then? Even year 6 at £900 is pretty good...

[12TS]

andrew said:

most cars : three years
new model or in demand : four years
large french or italian saloon : two years

So as desirable as a C6 or Velsatis

[Lagom]

12TS said:

£50k for a 2 year old taycan on collecting cars just now. 6000 miles.

So that’s about 50% loss after a couple of years.

WBAC would offer around £44k, so the seller has clawed back some of the losses

[Chemical Ali]

With numbers of new stock reducing, do we think things have stabillised?

[Discombobulate]

Chemical Ali said:

With numbers of new stock reducing, do we think things have stabillised?

Asking prices are up.

[GTSjohn]

Discombobulate said:

Asking prices are up.

I'm watching the market as I always do and some 992GTS and Cayenne Turbos I've been watching on Autotrader have sold. These had however been reduced to what I reckon were sensible prices (lower than other similar spec cars on the market). What I find interesting is that the cars were all OPC stock, not specialist or private, which suggests OPCs know where the market is. That said - I've seen a couple of 992Ts have had £5 k added top their price, so maybe we are seeing a firming up - time will tell.

Not that I'm really thinking of changing my 997GTS Manual or Diesel S Cayenne - but oi I was I'd be tempted to look at 570s or DB11/vantages - look remarkably good value next to asking prices for run of the mill not limited Porkers..........

[Sidsw]

Chemical Ali said:

With numbers of new stock reducing, do we think things have stabillised?

for now. end of year rush to meet targets gone so opcs are no longer under pressure. end of quarter will be upon them soon so will start having to reevaluate their decision to put prices up then if stock isnt shifting then.

word is taycan production has started again after a brief halt, so expect numbers to start rising again very soon.

[_speedyellow_]

Sidsw said:

for now. end of year rush to meet targets gone so opcs are no longer under pressure. end of quarter will be upon them soon so will start having to reevaluate their decision to put prices up then if stock isnt shifting then.

word is taycan production has started again after a brief halt, so expect numbers to start rising again very soon.

And as importantly new 24 plate registered cars that need to be sold!

[cayman-black]

Ed.Neumann said:

Oh, I know, boy do I know! Haha
But the perception is they are considerably cheaper and more reliable than many others.



Aston service costs are actually really good value.

https://astonmartinworks.com/aston-martin-works-af...

Yes, imo an Aston is cheaper to run than a Porsche except for fuel. Far classier also.

[Augustash]

No more new GT4’s anymore, only 1 high spec on Porsche used cars site with PDK, ceramics, ext leather & LED’s. Add to that GT4RA build slots are limited prices looking strong. Any new MY23 GT4’s most likely flipped so supply dried up.

[Guyr]

cayman-black said:

Yes, imo an Aston is cheaper to run than a Porsche except for fuel. Far classier also.

How so (I'm genuinely curious)?

Porsche have 20k/2 year services, whereas Aston have 1year/10k, though certain Astons do get free servicing for the first 3-5 years.

Also the warranty for Porsche is under £1k per annum, whereas I believe Astons are £2.5k+....?

Astons also depreciate far quicker than 911s.

Am I missing something?

[soxboy]

cayman-black said:

Yes, imo an Aston is cheaper to run than a Porsche except for fuel. Far classier also.

I’ve seen some of the V8 Vantage costs (when they’re 15+ years old) in Readers Cars and the costs are quite scary.

[Sukh13]

Like what? The engines and gearboxes are fairly bullet proof.

And in the context of 996/997 engine issues or 991.1 GT3 issues I don't think AM are significantly more expensive to run.

[TonyG2003]

I was talking to someone who bought a new DBX and lost £100k in 18months when they traded it in. Now that is depreciation.

The trouble for me with Astons is there ICE is (up until the DB12) old old Merc tech. It always feels wrong to pay so much for old tech. I appreciate it’s only on aspect of the car but it’s the bit you always are looking at.