What’s the right price for a 991.2 GT3 ?
Discussion
shoaib said:
https://www.autotrader.co.uk/classified/advert/201...
£138k with only 500 miles and fully loaded! Ceramics, Clubsport. God these are dropping in value
Everything is down,not just GT3s,,,I'd be very surprised if any OPC will pay list today on a 991.2GT3 in the trade..£138k with only 500 miles and fully loaded! Ceramics, Clubsport. God these are dropping in value
shoaib said:
Surely that’s lower than list, I think they’ll be at £120k by Christmas at this rate.
I think that’s a £130k car...definitely not close to £140k.As Taffy said I don’t think these cars are list price trade bid....unless perhaps if you were very judicious with box ticking. Even then probably not.
shoaib said:
Surely that’s lower than list, I think they’ll be at £120k by Christmas at this rate.
it's not a silly high spec a car although a very nice spec, and as we have said to sell = £5k overs atm, this car is more than that. I value this car at about £131k list.
So rather than jumping in and saying it's cheap and under list , imo it's looks over priced atm by about £2k.
Edited by Porsche911R on Tuesday 24th September 22:06
shoaib said:
Surely that’s lower than list, I think they’ll be at £120k by Christmas at this rate.
I personally think we haven’t even seen the start of this slow price correction for gt cars. This looks very good value already but has further to fall. When you compare a certain 997.2 gt3 which has sat unsold for over a year and now only reduced down to 110k this 991.2 gt3 looks even better value139k
But like others say it’s across the onboard so no matter what Porsche you own the price will be falling atm.
djroj2001 said:
There were 600+ delivered in the UK, this is very very far from a rare car!
They are gonna follow a normal depreciation curve. Great cars, but the numbers delivered are not going to support residuals, especially in the general current market conditions.
Doubtful although some easing of pricing as we move towards Xmas is inevitable as previously mentioned happened with the gen 1 before prices rose again.They are gonna follow a normal depreciation curve. Great cars, but the numbers delivered are not going to support residuals, especially in the general current market conditions.
5 different individual 'models' of the 600+ UK cars inevitably means some specs are way more desirable than others e.g. Tourings.
The 991.1 GT3 even with its flaws and it being a far inferior package to the gen 2 still retails at list price around £110k with decent spec and mileage even some 5 years on. This is quite telling especially on the current market.
This will support values as will the hugely increased price of both the 718 GT4 (mid £90ks, flipped price min £115k) and 992 GT3 whenever that may be (mid £160ks, flipped price £200k+)
djroj2001 said:
There were 600+ delivered in the UK, this is very very far from a rare car!
They are gonna follow a normal depreciation curve. Great cars, but the numbers delivered are not going to support residuals, especially in the general current market conditions.
Were there 600+ delivered ? That doesn’t make sense ,in 2016 there were a total of around 500 registered and unsworn and by end 2018 there were around 850 registered and unsorns so the figure of gen2s should be around 350ish .They are gonna follow a normal depreciation curve. Great cars, but the numbers delivered are not going to support residuals, especially in the general current market conditions.
The problem I am having with OPC's is if I want to part ex my manual T. They pick the lowest car for sale and then make a low offer on yours. If you pick the lowest GT3 on sale and do the same they then talk about the spec!
So mine that is manual with 918 seats gets compared to a PDK std seats car.
I know cars lose money but the sensible bids have been from the independents and other marques. I looked at an AMG GTC they look vale at the minute, different car I understand.
I suspect if I had nothing to trade it would be easier, but I will just sit tight.
So mine that is manual with 918 seats gets compared to a PDK std seats car.
I know cars lose money but the sensible bids have been from the independents and other marques. I looked at an AMG GTC they look vale at the minute, different car I understand.
I suspect if I had nothing to trade it would be easier, but I will just sit tight.
av185 said:
UK numbers.
332 Gen 1.
652 Gen 2. Of which 251 PDK, 358 'manuels', 43 Tourings.
That split of Manual to PDK isn’t right. If those are the figures from how many left they are showing in 2017 88 PDK’s were delivered and 193 PDK’s. Given that for the first two or three months the only cars delivered were PDK that would mean that for the rest of 2017.virtually every GT3 that landed on theses shores was a Manual car. 332 Gen 1.
652 Gen 2. Of which 251 PDK, 358 'manuels', 43 Tourings.
Eg 38 OPC’’s...assume they all got 1 car in July/August/Sep that was a PDK you’d be looked at 100 PDK’s....then every car delivered in October/November/December was a Manual. We all know that didn’t happen just based on PH members getting their cars.
There’s been some kind of f
k up with DVLA because when the cars were initially delivered there was only one gearbox option so they didn’t classify them properly. Mad Scientist said:
the buyers that are left want PDKs.
Don't shoot me down in flames, but after careful consideration, I think that's where I'd want to be with a 991, whether Gen 1 or 2 GT3.I do see the attraction of the manual 991.2, for lots of reasons, but for the reasons I personally own a car, and given the era of the 991, I think I'd be PDK.
av185 said:
Doubtful although some easing of pricing as we move towards Xmas is inevitable as previously mentioned happened with the gen 1 before prices rose again.
5 different individual 'models' of the 600+ UK cars inevitably means some specs are way more desirable than others e.g. Tourings.
The 991.1 GT3 even with its flaws and it being a far inferior package to the gen 2 still retails at list price around £110k with decent spec and mileage even some 5 years on. This is quite telling especially on the current market.
This will support values as will the hugely increased price of both the 718 GT4 (mid £90ks, flipped price min £115k) and 992 GT3 whenever that may be (mid £160ks, flipped price £200k+)
The Tourings will be the exception, but approaching 1000 units of 991 GT3 cars is completely uncharted territory. Porsche really pumped these things out like hot cakes. Approaching 2.5x the numbers of the 997 GT3.... supply and demand still dictate the price and you can not expect these to hold like previous iterations even in the absence of adverse economic conditions. The .2 units will weigh on .1 residuals as well.5 different individual 'models' of the 600+ UK cars inevitably means some specs are way more desirable than others e.g. Tourings.
The 991.1 GT3 even with its flaws and it being a far inferior package to the gen 2 still retails at list price around £110k with decent spec and mileage even some 5 years on. This is quite telling especially on the current market.
This will support values as will the hugely increased price of both the 718 GT4 (mid £90ks, flipped price min £115k) and 992 GT3 whenever that may be (mid £160ks, flipped price £200k+)
The above is just basic economics. As a completely separate point.... People only pay overs in a buoyant market, and those bids will evaporate pretty quickly if general economic conditions do deteriorate. It's easy to frame the market we have witnessed in the last 6-7 years as being the new "normal" - but you don't have to look that much further back to see how things can change quickly in different economic climates.
Cheib said:
That split of Manual to PDK isn’t right. If those are the figures from how many left they are showing in 2017 88 PDK’s were delivered and 193 PDK’s. Given that for the first two or three months the only cars delivered were PDK that would mean that for the rest of 2017.virtually every GT3 that landed on theses shores was a Manual car.
Eg 38 OPC’’s...assume they all got 1 car in July/August/Sep that was a PDK you’d be looked at 100 PDK’s....then every car delivered in October/November/December was a Manual. We all know that didn’t happen just based on PH members getting their cars.
There’s been some kind of fk up with DVLA because when the cars were initially delivered there was only one gearbox option so they didn’t classify them properly.
only 2 of the 12+ were manual at my OPC. we have talked about this before the figures for PDK vs manuals on how many left don't add up.Eg 38 OPC’’s...assume they all got 1 car in July/August/Sep that was a PDK you’d be looked at 100 PDK’s....then every car delivered in October/November/December was a Manual. We all know that didn’t happen just based on PH members getting their cars.
There’s been some kind of f
k up with DVLA because when the cars were initially delivered there was only one gearbox option so they didn’t classify them properly. I am also in SCD the owner stated at the big event that mine is one of the only manuals on the books !
matters not either way, but the figures are wrong that's for sure.
600 is VERY low when you look at top end cars, as Ferrari and Macca are all top end and make 5k to 12k cars ever year.
hence even at 600 that cannot supply enough !
Mad Scientist said:
My gut feeling is the .2 has a bit further to go, but I’ve lost my crystal ball, so that’s not confirmed.
My dealer has been sitting in a SOR manual for a long time. It’s too expensive. They reckon that the manuals are the ones they have trouble shifting and have furthest to fall. Their theory is the people that have a manual and want to keep it are in their seats, the people that don’t want them are trying to get out.......and the buyers that are left want PDKs.
We also discussed the disappearance of Lord Lucan, Elvis not being dead and the new car sales manager thinks John Lennon shot Kennedy.
EVERYTHING you have said is 100% correct My dealer has been sitting in a SOR manual for a long time. It’s too expensive. They reckon that the manuals are the ones they have trouble shifting and have furthest to fall. Their theory is the people that have a manual and want to keep it are in their seats, the people that don’t want them are trying to get out.......and the buyers that are left want PDKs.
We also discussed the disappearance of Lord Lucan, Elvis not being dead and the new car sales manager thinks John Lennon shot Kennedy.
Porsche911R said:
only 2 of the 12+ were manual at my OPC. we have talked about this before the figures for PDK vs manuals on how many left don't add up.
I am also in SCD the owner stated at the big event that mine is one of the only manuals on the books !
matters not either way, but the figures are wrong that's for sure.
600 is VERY low when you look at top end cars, as Ferrari and Macca are all top end and make 5k to 12k cars ever year.
hence even at 600 that cannot supply enough !
Ferrari produce a lot of cars that suffer a lot of depreciation, and lets not get started on Macca! The point is Porsche has never produced this amount of GT3's before, so people need to be realistic about the impact of this on future residuals.I am also in SCD the owner stated at the big event that mine is one of the only manuals on the books !
matters not either way, but the figures are wrong that's for sure.
600 is VERY low when you look at top end cars, as Ferrari and Macca are all top end and make 5k to 12k cars ever year.
hence even at 600 that cannot supply enough !
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