992 GT3 - Will they be Obtainable?
Discussion
Very interesting thread - when hard core Porsche guys are all a bit “meh, don’t think I will bother” it’s a sea change from where things were even very recently.
I think the whole thing about rocking up to work in a brand new bewinged 911 is another real consideration especially in a post lockdown recession world.
While I like the idea in principle of going backwards and getting an air cooled - my old daily driver 993 was hardly a paragon of reliability, so not sure that I seriously want to go back there again! Although such a car is lot less likely to raise eyebrows or comments in the work car park.
I think the whole thing about rocking up to work in a brand new bewinged 911 is another real consideration especially in a post lockdown recession world.
While I like the idea in principle of going backwards and getting an air cooled - my old daily driver 993 was hardly a paragon of reliability, so not sure that I seriously want to go back there again! Although such a car is lot less likely to raise eyebrows or comments in the work car park.
Yup...I have a deposit down for a Taycan which I definitely didn’t “need” and won’t be getting that would have probably been a Q3 purchase. The Macan Turbo PP that would have been replaced is a great car and will be staying for the foreseeable. OPC’s have a lot of customers that buy cars every six months who seemingly have enough cash that the £20k it costs them to roll the dice very time is fine....just don’t think that so many people will feel like that for the next couple of years. I guess that worked if you got a GT2 RS at a £200k premium (at the peak) but That doesn’t work now...Speedster’s are at dealers for say £60k more than list and not selling.
I was listening to a Collecting Cars podcast a couple of weeks ago...one of the main Ferrari dealers has 300 orders on its books. Half those cars are from people who are buying 5 cars or more ! Another way of putting it is half their order book is 30 customers....that is not a great dynamic. They obviously all want the next GTO/TDF/Pista/LaF. Which like the Porsche GT car game used to be “make sense”...now the arse had fallen out of the regular Ferrari market not sure that works either.
I was listening to a Collecting Cars podcast a couple of weeks ago...one of the main Ferrari dealers has 300 orders on its books. Half those cars are from people who are buying 5 cars or more ! Another way of putting it is half their order book is 30 customers....that is not a great dynamic. They obviously all want the next GTO/TDF/Pista/LaF. Which like the Porsche GT car game used to be “make sense”...now the arse had fallen out of the regular Ferrari market not sure that works either.
I just think Porsche will adjust (reduce) their build numbers on all cars including this 992 GT3 so OPCs won't be getting 15+ cars each like they did with the 991. The buyers will be those who want the car to use, can afford it, and will just write the depreciation of like they would any other car - although with the advantage that the GT3 will still have best residuals in it's class. Think of it like a reset back to the days of where it all started. And repeat..
av185 said:
GT4RS said:
Buckets or Sofas, I don’t think it makes much difference now.
Its actually the opposite.Harder times are when the correct spec is even more crucial to a sale and not just on Porsches.
Hi All,
I don't get the time to post very often but in these lockdown times......
I think that CV-19 is just going to accelerate what was already happening in the market - the last GT car that behaved like a normal car in terms of depreciation was the 996GT3 and 996GT3RS (remember when they were £65k!).
I reckon the plateau of silliness was the 987GT4 and the 991.2GT cars (esp the manual) - the 718GT4 was not as over-subscribed and AFAIK the interest in 992GT also subdued compared to 991.2.
Personally I think this is a good thing, however i am in the "Driver" camp and would not diss anyone who sees cars as an asset class.
So my prediction would be a return to more normal depreciation curves and more GT cars on track once we all get back to whatever is going to be the new normal.....stay safe all!
I don't get the time to post very often but in these lockdown times......
I think that CV-19 is just going to accelerate what was already happening in the market - the last GT car that behaved like a normal car in terms of depreciation was the 996GT3 and 996GT3RS (remember when they were £65k!).
I reckon the plateau of silliness was the 987GT4 and the 991.2GT cars (esp the manual) - the 718GT4 was not as over-subscribed and AFAIK the interest in 992GT also subdued compared to 991.2.
Personally I think this is a good thing, however i am in the "Driver" camp and would not diss anyone who sees cars as an asset class.
So my prediction would be a return to more normal depreciation curves and more GT cars on track once we all get back to whatever is going to be the new normal.....stay safe all!
GT3cs said:
av185 said:
GT4RS said:
Buckets or Sofas, I don’t think it makes much difference now.
Its actually the opposite.Harder times are when the correct spec is even more crucial to a sale and not just on Porsches.
Like you say it’s now even more important to find the perfect spec for you as if you need to offload it this could become costly if you need it gone in a reasonable time frame. You only have to look on line at the length so cars have sat unsold.
I guess there’s no perfect spec it’s purely down to what buyer want and at the time.
asbi said:
I think that CV-19 is just going to accelerate what was already happening in the market - the last GT car that behaved like a normal car in terms of depreciation was the 996GT3 and 996GT3RS (remember when they were £65k!).
!
Yeah I bought my 1st GT3 , a 996 clubsport for £28k ....and at the time that heavily modified 996 RS hung around for ages in the mid £50’s !
It’s even more recent than that.
The 997 GTs were well on their way down normal depreciation curve when the bubble started. Took 2 years and various incentives to sell 918s, and then they doubled in price second hand.
Porsche will adjust demand, but in the meantime GT cars have gone mainstream, and the numbers of them are more important to Porsche than 10 years ago. They’re not just halo cars now, and they were cranking them out, partly to recover from deisel gate.
I don’t think they will just turn off, (assuming there is much demand anyway).
On the plus side, some dealers’ chickens will come home to roost, when they find out how many of their GT social climbers are left, and that maybe they should have looked after long term customers better.
The 997 GTs were well on their way down normal depreciation curve when the bubble started. Took 2 years and various incentives to sell 918s, and then they doubled in price second hand.
Porsche will adjust demand, but in the meantime GT cars have gone mainstream, and the numbers of them are more important to Porsche than 10 years ago. They’re not just halo cars now, and they were cranking them out, partly to recover from deisel gate.
I don’t think they will just turn off, (assuming there is much demand anyway).
On the plus side, some dealers’ chickens will come home to roost, when they find out how many of their GT social climbers are left, and that maybe they should have looked after long term customers better.
Edited by footsoldier on Sunday 19th April 14:46
GT3cs said:
asbi said:
I think that CV-19 is just going to accelerate what was already happening in the market - the last GT car that behaved like a normal car in terms of depreciation was the 996GT3 and 996GT3RS (remember when they were £65k!).
!
Yeah I bought my 1st GT3 , a 996 clubsport for £28k ....and at the time that heavily modified 996 RS hung around for ages in the mid £50’s !
cayman-black said:
Just reading this one thread it's quite frighting how many folks are now cancelling their orders. Seems the dealers have not got much to look forward to when reopening.
One would hope that the current global situation is starting to focus minds on what' s genuinely important in our all too fleeting time on this amazing planet that we're fortunate enough to inhabit...My guess is this "reset" was always set to happen at some point, if not to Porsche AG (though they're hardly the niche motor manufacturer they were) then always to the likes of BMW, Audi etc etc.
Only time will tell whether CV19 is the driving force behind a sea change in the way we live our lives.
If the accusations levelled at the Tory government and it's handling of this crisis (during its infancy) are are to be believed, and are proven to be true, I can see there being a backlash against Boris and his cabinet, that even Johnson's bluster will fail to sidestep.
Cheib said:
I agree with Footsoldier....I don’t think they will ease back on volumes. They will still sell GT3’s at RRP even in a bad economic climate in my opinion....there will be a lot of people who have never been able to access an allocation that will buy one.
I think Footsoldier was saying in his opinion Porsche will reduce volumes? I agree with him. And I agree with you that Porsche will sell some of them to people who wouldn't of had the chance otherwise. If I had to guess - I'd say Porsche will build somewhere between 50-75% of 992's vs the 991. The saving grace of the modern GT3 is you can use them everyday, and a lot of buyers will order them in Touring+Comfort spec. Stick a low rate finance deal into the mix with a high GFV and I don't think Porsche will struggle to sell 3-400 cars in the UK. Even in these dire times we are inevitably going to endure.
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