Current market

[bosshog]

I’m I the market again for a 991 gen car. Looking at the trade values vs price advertising for private sales they are all trade plus 10k. Seem to be dreaming to me. Even some of the non OPC are 12-15k over current trade.
Is everyone is denial or are the likes of WBAC way off?

[jetbox]

WBAC and book prices never match the selling prices, in all the years I have looked

[Ed.Neumann]

WBAC are basing figures on what they have actually sold this week. Their data updates daily.

Sellers are basing the prices on what they paid for the car, some weeks or even months ago looking at the cars available, or what they need to get back to clear finance or not make a loss.

Many 991s were overpriced 3 months back, so no wonder they are still for sale.

[Gregmitchell]

Prices are tanking, wait 6 months and save at least 10% imho

[Nuttbelle]

£10k margin is nothing when you have a shiny showroom and GMs wages to pay.

What you expecting a couple of grand like a ford fiesta ?

[CK11]

Im also on the lookout for a gen 1 991. Everything im reading is saying hold of until the end of this year , start of next at the earliest. Unless a bargain crops up, which i doubt it. Private asking prices are mostly ott as you say, though i nearly got one last week £1k over the motorway trade price with a years opc warranty left. Someone beat me to it by a matter of hours. Dealer prices are a mile of motorway trade prices but i dont know how accurate motorway are. Wbac are a mile back from motorway prices.
Im tempted to up the budget to a 991.1 gts, which should hold its money more than say an S or base, i priced a gts last night with motorway and they were at £58k , private seller looking £73000.

[GT4RS]

bosshog said:

I’m I the market again for a 991 gen car. Looking at the trade values vs price advertising for private sales they are all trade plus 10k. Seem to be dreaming to me. Even some of the non OPC are 12-15k over current trade.
Is everyone is denial or are the likes of WBAC way off?

10k margin on a early 991 is normal

[Sukh13]

I think cars are just sticking around and not selling, then the price drops on a car and it gets sold and all the others just stick around.

E.g as a seller, your long would you hold onto a car?

This has been up for sale since January:
http://www.autotrader.co.uk/car-details/2023013137...

[julian987R]

Sukh13 said:

I think cars are just sticking around and not selling, then the price drops on a car and it gets sold and all the others just stick around.

E.g as a seller, your long would you hold onto a car?

This has been up for sale since January:
http://www.autotrader.co.uk/car-details/2023013137...

That is a particularly poor one though. Enlarge this pic..

https://m.atcdn.co.uk/a/media/w1024h768/f9255c8319...

...scuffs all over the place.

Fair play for it not being a garage queen but for the next owner who wants to inherit all those marks inside?

[bosshog]

Nuttbelle said:

£10k margin is nothing when you have a shiny showroom and GMs wages to pay.

What you expecting a couple of grand like a ford fiesta ?

I’m talking private sellers prices not dealers….

[GT4RS]

bosshog said:

Nuttbelle said:

£10k margin is nothing when you have a shiny showroom and GMs wages to pay.

What you expecting a couple of grand like a ford fiesta ?

I’m talking private sellers prices not dealers….

A lot of private sellers price cars higher than some dealers, slowly starting to see a higher number of private sellers now as dealers are less inclined to buy due to sales slowing .

[Sukh13]

julian987R said:

That is a particularly poor one though. Enlarge this pic..

https://m.atcdn.co.uk/a/media/w1024h768/f9255c8319...

...scuffs all over the place.

Fair play for it not being a garage queen but for the next owner who wants to inherit all those marks inside?

Agreed, yet the price is still quite high and has been sitting there nine months and counting.

When does winter hit and prices soften...?

[ATM]

Sukh13 said:

When does winter hit and prices soften...?

Nothing to do with winter.

All to do with increasing interest rates, houses will start dropping and if people start losing jobs it will get uglier.

[Tagteam]

Q1 2024 - drawers will need to be making sales .

[CK11]

Im asking people on here with more knowledge than i have regarding pricing trends. If you were to buy a £50,000 991.1 s or a £70,000 991.1 gts, given both cars were good spec, colour, miles, history etc are they most likely to depreciate at the same rate pro rata.
Would a decent shout be in 3 years time the S is worth £40k and the gts £60k ?

[Cheib]

CK11 said:

Im asking people on here with more knowledge than i have regarding pricing trends. If you were to buy a £50,000 991.1 s or a £70,000 991.1 gts, given both cars were good spec, colour, miles, history etc are they most likely to depreciate at the same rate pro rata.
Would a decent shout be in 3 years time the S is worth £40k and the gts £60k ?

Spec is very important. Manual cars will hold their value better as they have done for the last seven or eight years, I would say in % terms the GTS will hold its value better.

On a GTS having the GTS interior package which help the car hold its value. Something like PCCB’s might make a car more expensive when you buy it but I don’t think you’d get a penny of that premium back come trade in time. Personally I wouldn’t want PCCB’s on either of those cars.

[ellroy]

The 997 GTS seems to have held its value better than an S to my eye when I’ve looked at their prices.

A bit of a clue perhaps?

[CK11]

Both cars pdk, no pccb Etc

[bosshog]

CK11 said:

Im asking people on here with more knowledge than i have regarding pricing trends. If you were to buy a £50,000 991.1 s or a £70,000 991.1 gts, given both cars were good spec, colour, miles, history etc are they most likely to depreciate at the same rate pro rata.
Would a decent shout be in 3 years time the S is worth £40k and the gts £60k ?

I think both will be much less with the direction of travel. The second hand market is so overpriced. Prices are only just getting to where they were at the start of Covid. So they are still 4 years worth over priced and need to drop much further.

[ATM]

Cheib said:

CK11 said:

Im asking people on here with more knowledge than i have regarding pricing trends. If you were to buy a £50,000 991.1 s or a £70,000 991.1 gts, given both cars were good spec, colour, miles, history etc are they most likely to depreciate at the same rate pro rata.
Would a decent shout be in 3 years time the S is worth £40k and the gts £60k ?

Spec is very important. Manual cars will hold their value better as they have done for the last seven or eight years, I would say in % terms the GTS will hold its value better.

On a GTS having the GTS interior package which help the car hold its value. Something like PCCB’s might make a car more expensive when you buy it but I don’t think you’d get a penny of that premium back come trade in time. Personally I wouldn’t want PCCB’s on either of those cars.

But if in %age terms both lose 30% then you are losing 21 on the 70k car.

I think from 70 to 60 is far too optimistic
Even 50 to 40 is optimistic

You need to think worst case and best case

I think you have outlined absolute best case

70 to 49 feels more realistic to Me which is 30%
50 to 35 maybe - similar 30%