gt3 ...138 cars for sale !!!!

[RSVP911]

APOLO1 said:

RBT0 said:

Apparently one just sold at Solihull, disappeared from Autotrader.
Anyone from here?

Cars are still selling, I collated my Cayenne back this week from an OPC, they had 3 GT3s in the show room. Not on the Porsche Website, all nice spec cars. 2 had sold stickers on.

Hi there - I guess the counter to this is the fact that these cars were not on the Porsche used locator website and as such it means could be many more for sale than first thought if other OPC’s have non advertised cars - not that I care , mines going nowhere - I can’t think of a better road car for me than a 991.2 Manual GT3

[GT4RS]

RSVP911 said:

APOLO1 said:

RBT0 said:

Apparently one just sold at Solihull, disappeared from Autotrader.
Anyone from here?

Cars are still selling, I collated my Cayenne back this week from an OPC, they had 3 GT3s in the show room. Not on the Porsche Website, all nice spec cars. 2 had sold stickers on.

Hi there - I guess the countr to this is the fact that these cars were not on the Porsche used locator website and as such it means could be many more for sale than first thought if ot her OPC’s have non advertised cars - not that I care , mines going nowhere - I can’t think of a better road car to keep than a 991.2 Manual GT3

This is common practice, when a new gt car is realised, they have plenty lined up ready to move on without them even going on the Porsche web site. It’s been a flippers market for years. The question is what have these none advertised cars actually sold for, my guess would be below the current advertised prices.

I agree with many on here that prices look to be affected and are starting on a downward trend. The flipper selling the yellow 991.2 gt3 isn’t daft, they look to be getting out for what they put in before a correction comes.

What I don’t understand is if you bought a gt3 in the last 4 years to drive and enjoy as a car enthusiasts rather than a investor, surely it wouldn’t matter to you if a price correction comes as you will technically suffer normal car depreciation.

It’s the ones who only bought because they thought a gt3 will only go up in value rather than down are going to be the most hurt financially.

[Robbo66]

12% drop in less than a month...get out now

[kayc]

Dammit said:

Probably around Christmas, yes. That said it’s rhe current bunch who are intent on dropping us out of the G7, and it’s their actions that will lead to us being able to buy cheap GT3’s.

They will need to be cheap if that rabble get in...once your disposable income has halved!

[Helicopter123]

Robbo66 said:

I think buying now and hoping to lose only £20k is more than optimistic. Twice that is more realistic.

Some of the prices out there are fanciful, ridiculous.

https://www.pistonheads.com/classifieds/used-cars/...

One owner who seems to be realistic.

Don't prices drop at the end of summer every year for these, and pick again in Spring?

[GT4RS]

Helicopter123 said:

Robbo66 said:

I think buying now and hoping to lose only £20k is more than optimistic. Twice that is more realistic.

Some of the prices out there are fanciful, ridiculous.

https://www.pistonheads.com/classifieds/used-cars/...

One owner who seems to be realistic.

Don't prices drop at the end of summer every year for these, and pick again in Spring?

As an example the 991.1 gt3 cars have been advertised at the following retail price points over the last 2 years.

Peak £275k
Middle ground £225k to £250k
Lower middle ground £200k
Current pricing £167k to 180k (plus some still trying to get £200k)

Two appear to have sold recently which were low mileage cars when advertised at £167k. The rest have been up for ever. I wouldn’t call that a price drop due to end of summer and I can’t see these bouncing back and start selling a £200k come spring.

Just my take, I may be talking rubbish so please feel free to ignore me.

[APOLO1]

Robbo66 said:

12% drop in less than a month...get out now

You just had to put the one up in my Spec.......Lol

Don't forget what's exasperated the situation this time, is all the GT3s going back in on the" Under Flip" In order to secure the 3RS.2.. There are no more coming once they have gone and found homes I don't see to many coming back on the market. I can see prices firming up next spring.

[Phooey]

Helicopter123 said:

Don't prices drop at the end of summer every year for these, and pick again in Spring?

To an extent certain cars do. Demand from buyers drops off a bit going into Winter and more cars come onto the market as some owners tend to change cars frequently (like me!) and end of Summer always seems a great time to make that change. This year has been a bit different in the fact that there has been an oversupply of cars (of this type) for sale, with more to come. Unless dealers and sellers drop the price (quite dramatically on certain models) and cut the numbers of cars for sale by a good 50%+, I don't think we will see the usual pattern of "prices picking up in Spring". I predict a bit of a 'cull'.

eta - Apollo makes a good point in "there are no more coming once they have found homes", and whist it is true (certainly for the 991.2 GT3/Touring), there still is the issue of 138 (?) cars sitting on forecourts. That's a lot of buyers to find.

Edited by Phooey on Sunday 23 September 11:04

[g7jhp]

spyderlight said:

The whole GT3 second hand sales at OPCs stinks (approx) 90% of cars that they have for sale are on SOR that's why they are sitting there at over inflated prices because its not there money that is tied up in these cars. They can be sitting for sale at the OPCs in a years time & it has no great effect on them as it is a complete false market led by greed for sharing profit between customer & seller.
Most of these cars for sale are bought & sold to customers who have no interest in cars whatsoever only for the financial gain which kills the opportunity for the true enthusiast who wants to own & drive these cars.

It was the enthusiast that made Porsche what they are today but now those same customers are turned away by refusing to sell them new GT3s models unless your supposedly spending big amounts of money buying lots of standard Porsche models as well.

Until BUYERS WAKE UP & STOP paying inflated prices as the market is flooded with cars for sale this behaviour will continue. The buyers have created their own problem if they did't buy they would have to drop the prices it's that simple.

The problem is most cars on SOR are there in the hope they'll make their owners a tidy profit.

It's currently a buyers market.

Serious sellers need to price correctly if they want a sale.

Prices are only likely to go one way in the current economic climate so sellers will need to be realistic or stick with their car.

It's likely as prices drop more sellers will get itchy feet and cash out but then the prices will drop further with more cars on the market.

Best to price correctly now and sell than being left holding a depreciating car (if you need/ want to sell).

[RSVP911]

GT4RS said:

RSVP911 said:

APOLO1 said:

RBT0 said:

Apparently one just sold at Solihull, disappeared from Autotrader.
Anyone from here?

Cars are still selling, I collated my Cayenne back this week from an OPC, they had 3 GT3s in the show room. Not on the Porsche Website, all nice spec cars. 2 had sold stickers on.

Hi there - I guess the countr to this is the fact that these cars were not on the Porsche used locator website and as such it means could be many more for sale than first thought if ot her OPC’s have non advertised cars - not that I care , mines going nowhere - I can’t think of a better road car to keep than a 991.2 Manual GT3

This is common practice, when a new gt car is realised, they have plenty lined up ready to move on without them even going on the Porsche web site. It’s been a flippers market for years. The question is what have these none advertised cars actually sold for, my guess would be below the current advertised prices.

I agree with many on here that prices look to be affected and are starting on a downward trend. The flipper selling the yellow 991.2 gt3 isn’t daft, they look to be getting out for what they put in before a correction comes.

What I don’t understand is if you bought a gt3 in the last 4 years to drive and enjoy as a car enthusiasts rather than a investor, surely it wouldn’t matter to you if a price correction comes as you will technically suffer normal car depreciation.

It’s the ones who only bought because they thought a gt3 will only go up in value rather than down are going to be the most hurt financially.

Yep , shame that !

I for one would love a return to normality : see car you really like , order car , use car , sell car for less - fine by me

[RSVP911]

Robbo66 said:

12% drop in less than a month...get out now

Technically it has to be > than 28 days before a retailer can market at a lower price whilst still referring to the original price - so I guess you may be right but only by a day or so - either way , that’s the last time I tip you off with a secret jigsaw puzzle release - I know it’s sad, but I may have accidentally ordered one

[RSVP911]

APOLO1 said:

Robbo66 said:

12% drop in less than a month...get out now

You just had to put the one up in my Spec.......Lol

Don't forget what's exasperated the situation this time, is all the GT3s going back in on the" Under Flip" In order to secure the 3RS.2.. There are no more coming once they have gone and found homes I don't see to many coming back on the market. I can see prices firming up next spring.

Hello again ; except there will be another round of this when more .2 RS allocations arrive in the not too distant future and this will further depress prices

[v8ksn]

Robbo66 said:

12% drop in less than a month...get out now

I tried to order one of these from Amazon but apparently I have to buy the 3D puzzles of Big Ben and the Eiffel Tower first

[POORCARDEALER]

With 137 unsold cars sat doing nothing, a serious buyer should get a great deal.

[franki68]

GT4RS said:

This is common practice, when a new gt car is realised, they have plenty lined up ready to move on without them even going on the Porsche web site. It’s been a flippers market for years. The question is what have these none advertised cars actually sold for, my guess would be below the current advertised prices.

I agree with many on here that prices look to be affected and are starting on a downward trend. The flipper selling the yellow 991.2 gt3 isn’t daft, they look to be getting out for what they put in before a correction comes.

What I don’t understand is if you bought a gt3 in the last 4 years to drive and enjoy as a car enthusiasts rather than a investor, surely it wouldn’t matter to you if a price correction comes as you will technically suffer normal car depreciation.

It’s the ones who only bought because they thought a gt3 will only go up in value rather than down are going to be the most hurt financially.

Regarding the second to last paragraph ,there will be enthusiasts who wanted a gt3 but could not afford the depreciation normally associated with such a car.
The fact the gt3 in recent years has either appreciated or retained its value enabled them to buy one .
In such a case the depreciation will matter to them.

[Phooey]

v8ksn said:

I tried to order one of these from Amazon but apparently I have to buy the 3D puzzles of Big Ben and the Eiffel Tower first

True story.

[Juno]

Take out the LHD’s take out the fake adverts then factor in once there gone there gone and it won’t take alot to dwindle that stock by next spring.

I’m a fairly typical example in as much that if I don’t get a .2RS then I’ll be looking at a .1RS or .2GT3 I’m sure there will be many in the same position once we all know what the next batch of cars brings!

[Juno]

And if current flippers get list it still don’t hurt them that much and IMO they won’t drop below list anytime this Centuary!

[Essential]

Plus once all the posters on here who have said they wanted a car to drive and use, as apposed to flipping, but were not allocated a new car can now buy one at list, this should take up the rest of the supply.

[GT4RS]

Essential said:

Plus once all the posters on here who have said they wanted a car to drive and use, as apposed to flipping, but were not allocated a new car can now buy one at list, this should take up the rest of the supply.

I’m sure many of them posters would of preferred to build and spec there own car when paying list price!