992 Turbo S not selling?

992 Turbo S not selling?

Author
Discussion

Blowfish

Original Poster:

280 posts

129 months

Wednesday 14th September
quotequote all
Is the 992 turbo s market currently massively over inflated? Nearly 100 for sale on Autotrader & none seem to be selling!? Is the bubble imminently going to burst on these?

I get the overs market to a certain extent on the GT products but Turbo & GTS models!?

CocoUK

905 posts

164 months

Wednesday 14th September
quotequote all
You could possibly swap ‘Turbo S’ for ‘GT3’ or ‘Lotus Elise’ or ‘Ford Escort’ or ‘house’ or ‘art’ or ‘wine’ and arrive at a similar conclusion - lots going on in the World.

Buy what you can afford to enjoy.

julian987R

4,530 posts

41 months

Wednesday 14th September
quotequote all
Blowfish said:
Is the 992 turbo s market currently massively over inflated? Nearly 100 for sale on Autotrader & none seem to be selling!? Is the bubble imminently going to burst on these?

I get the overs market to a certain extent on the GT products but Turbo & GTS models!?
Very limited appeal surely? I suspect the 100 for sale equates to the amount of potential people wanting one, which means nobody bar those that have owned one are frothing at the mouth to buy one.




AyBee

10,075 posts

184 months

Wednesday 14th September
quotequote all
It looks like they were the car of choice for those who wanted a GT3 or Touring and are now being shifted back onto the market in vast numbers as the GT products arrive.

s2000db

1,053 posts

135 months

Wednesday 14th September
quotequote all
On Autotrader there’s currently 475 or so 992’s for sale or almost 25% of all 911’s available..

Methinks there’s a big haircut coming soon as most of these are at or over list! eek

Kickstart

949 posts

219 months

Wednesday 14th September
quotequote all
There is a lovely low miles 2022 Turbo S on collecting cars which might give a reasonable barometer of the market - my guess final bids £190k

bennno

8,734 posts

251 months

Wednesday 14th September
quotequote all
s2000db said:
On Autotrader there’s currently 475 or so 992’s for sale or almost 25% of all 911’s available..

Methinks there’s a big haircut coming soon as most of these are at or over list! eek
Hope so, I’ll buy one when used prices normalise.

Was offered a new 992Turbo at list, cancelled order, but was a nasty colour and wrong spec.

julian987R

4,530 posts

41 months

Thursday 15th September
quotequote all
Kickstart said:
There is a lovely low miles 2022 Turbo S on collecting cars which might give a reasonable barometer of the market - my guess final bids £190k
£190 -£200K is the max anyone should be paying for a Turbo S...and by this time next year they'll be around £170K.

MeisterH

718 posts

83 months

Thursday 15th September
quotequote all
Same with 992 GTS, lots for sale most are well over List which will defo put buyers off. 130k list cars up for 150 odd!

I was shocked to see around 20 992 TurboS with just one franchise dealer

Taffy66

5,511 posts

84 months

Thursday 15th September
quotequote all
Nobody in his right mind should pay a penny over list for any 992 Turbo S, 992GTS or any 718GT4. They are all mass produced cars and will suffer in the long term. You can buy the much rarer 718GT4 PDK for about list which is a much safer place to put your money in but still not worth paying overs for.
In complete contrast you can buy any non limited recent Ferrari for below list ie F8, Roma, 812 etc which are all much rarer cars.. It only makes sense to buy new Porsches and equally only buy used Ferraris from a financial OPV.

Andyoz

2,658 posts

36 months

Thursday 15th September
quotequote all
s2000db said:
On Autotrader there’s currently 475 or so 992’s for sale or almost 25% of all 911’s available..

Methinks there’s a big haircut coming soon as most of these are at or over list! eek
That's a pretty telling statistic for a model that's only been in production for 3 years and for half of that time supply was apparently 'reduced'...

Hint...it wasn't smile

Royal Jelly

3,439 posts

180 months

Thursday 15th September
quotequote all
Water-cooled 911 Turbos have always suffered hefty depreciation relative to their Porsche siblings. This will be no different, save for the last 18 months of overall market conditions.

Cars will start coming back down, and non more rapidly in the Porsche lineup than the Turbos. Bear in mind that 991 Turbo S cars are starting at 80k in the present market; you’d be bonkers to think the 992 is worth 100k more.

Cheib

21,513 posts

157 months

Thursday 15th September
quotequote all
Think there are something around 600 in the country….”limited volume” model which isn’t actually that limited….like the GT3. They’re typically bought by people that turn over new cars to get themselves on the OPC GT car lists…big ticket that if you buy in the first two years don’t lose that much money ….hence why so many are for sale. Production now limited as the GT3 and R/S have been launched so it’s a long wait for a new one (two years) which means the used values won’t implode. Clever supply and demand management. Everyone is a winner….

s2000db

1,053 posts

135 months

Thursday 15th September
quotequote all
Depends on what the turnover of the dealers stock is, if it starts creeping over three months then parts of their anatomy will start going squeaky!

Must be getting to the end of their quarter, pricing come the beginning of October might be telling..

julian987R

4,530 posts

41 months

Thursday 15th September
quotequote all
s2000db said:
Depends on what the turnover of the dealers stock is, if it starts creeping over three months then parts of their anatomy will start going squeaky!

Must be getting to the end of their quarter, pricing come the beginning of October might be telling..
Some listings have been up for 4 to 6 months - you can get the date of listing from the URL in AutoTrader. First 6 digits in the URL/yearXXXXMXXDXX
You'll soon see many 6 months+

julian987R

4,530 posts

41 months

Friday 16th September
quotequote all

992 Turbo S "Extremely Rare and sought after vehicle" £300K. scratchchin

https://www.autotrader.co.uk/car-details/202209159...

number2

2,742 posts

169 months

Friday 16th September
quotequote all
julian987R said:
992 Turbo S "Extremely Rare and sought after vehicle" £300K. scratchchin

https://www.autotrader.co.uk/car-details/202209159...
Why the photo of the fuel cap?

BorkBorkBork

631 posts

33 months

Friday 16th September
quotequote all
number2 said:
julian987R said:
992 Turbo S "Extremely Rare and sought after vehicle" £300K. scratchchin

https://www.autotrader.co.uk/car-details/202209159...
Why the photo of the fuel cap?
Because if anyone spends £300k on that, they’ll probably need to know what a fuel cap is and why it’s there. Otherwise they might fill the coolant reservoir instead.

julian987R

4,530 posts

41 months

Saturday 17th September
quotequote all
They go on to say "Take this rare opportunity to own a rare piece of Porsche History" ?!?!

s2000db

1,053 posts

135 months

Saturday 17th September
quotequote all
Kickstart said:
There is a lovely low miles 2022 Turbo S on collecting cars which might give a reasonable barometer of the market - my guess final bids £190k
It didn’t sell, I think last bids were £182k, but didn’t see it till the end…