Current market

Author
Discussion

CK11

273 posts

185 months

Friday 26th January
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Why such a variation is used prices. Just looking online again the miss match on prices is all over the place.
In some instances, 991.1 similar or more expensive than 991.2, even 992 coming into 991.2 pricing.
Few months ago i had my eye on a 2015 991.1 gts that porsche had on at £79,950, Today its on at £69,950, so i had a quick search to see where it sits and its not far from a 991.2 gts even at £70k It now looks more around a 60k car.
Then you see people asking 50-60k on regular 991.1 models.
No idea whats value and whats not.

Venosta

63 posts

8 months

Friday 26th January
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It’s the kind of market where you’ll get £50k if you want to sell your car, but have to pay £70k if you want to buy the same car. Sellers are obstinate and their cars aren’t selling. Something usually gives. Not only in cars.

CK11

273 posts

185 months

Friday 26th January
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Serious question here, i was just looking through specifically gts models there.
Why would someone buy a 2015 991.1 gts with the same miles over a 2017/18 991.2 gts at the same price and miles?

Is it a case of the 991.1 sellers having their heads in the sand and haven't noticed 991.2 prices are the same in some cases as 991.1, surely its not just because of the 3.8 engine? Or am i missing something ? Is the 991.1 a better car than the 991.2 ?

ellroy

7,062 posts

226 months

Friday 26th January
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Had both.

The 991.2 is a better car on pretty much every level but, that engine is a bloody peach. If I’d found a manual 991.1 I’d still be in it.

Jordan-u2ots

9 posts

73 months

Saturday 27th January
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CK11 said:
Serious question here, i was just looking through specifically gts models there.
Why would someone buy a 2015 991.1 gts with the same miles over a 2017/18 991.2 gts at the same price and miles?

Is it a case of the 991.1 sellers having their heads in the sand and haven't noticed 991.2 prices are the same in some cases as 991.1, surely its not just because of the 3.8 engine? Or am i missing something ? Is the 991.1 a better car than the 991.2 ?
I've read a lot about the turbos going on the 991.2 GTS (and other 991.2 models) which if out of warranty id imagine would cost a fair bit to fix.

Perhaps not all that common but I've read it enough times to make me wonder if the 991.1 might be a better car to run outside of warranty.

If you were looking for a weekend car to do a few thousand miles a year some may prefer the sound of the .1 also, all things being equal apart from age I wouldn't expect there to be a massive gap in value, a lot depends on spec with these cars.

ATM

18,318 posts

220 months

Saturday 27th January
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Jordan-u2ots said:
I've read a lot about the turbos going on the 991.2 GTS (and other 991.2 models) which if out of warranty id imagine would cost a fair bit to fix.
When I was a lad I had some 1980 and 1990 turbo cars. Back then you got you turbo rebuilt for a few hundred. So long as nothing had made contact and gotten damaged. Surely today it's a similar story. If you can get them on and off the rebuild process should be simple.

Jordan_H

9 posts

73 months

Saturday 27th January
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ATM said:
When I was a lad I had some 1980 and 1990 turbo cars. Back then you got you turbo rebuilt for a few hundred. So long as nothing had made contact and gotten damaged. Surely today it's a similar story. If you can get them on and off the rebuild process should be simple.
Yes that maybe the case, it just seems like another Porsche with a possible inherent issue, like 996/7.1 bore scoring, 991.1 GT3 engine failure and Taycan multiple reliability problems....the more you read about it the more it puts that idea in your head, I just wonder if that will dampen values vs the 991.1 like it has with the aforementioned cars.

Maybe I'm just a bit more sensitive to it as I have a Taycan which has spent half of its 2 and a bit year life in OPC being fixed for one thing or another. Even they fix the issue free of charge under warranty the process of doing that becomes a real burden and takes the shine off ownership.

I did consider buying a 991.2 GTS when I sold my 997.2 a year or so ago but decided against it for that reason.

Edited by Jordan_H on Saturday 27th January 08:42

highway

1,970 posts

261 months

Saturday 27th January
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It’s more difficult than ever to find value in buying a car privately. Sellers get a dealer bid, then on online valuation from Motorway or similar. Then, maybe, try a private ad that’s
Higher than both and enough to give them a worthwhile margin. In recent experience BMW dealers seem content to aim for £3-4K margin on something they paid £40k for. Porsche dealers want a £10k margin on the same outlay.

Jawls

659 posts

52 months

Saturday 27th January
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highway said:
It’s more difficult than ever to find value in buying a car privately. Sellers get a dealer bid, then on online valuation from Motorway or similar. Then, maybe, try a private ad that’s
Higher than both and enough to give them a worthwhile margin. In recent experience BMW dealers seem content to aim for £3-4K margin on something they paid £40k for. Porsche dealers want a £10k margin on the same outlay.
Surely there is still potential for a deal here though.

Let’s say dealer offer you 40k, dealer will sell at 50k. So it’s in both seller and buyers interest to sell at say, 45k so long as buyer does not think dealer protections are worth >5k and and seller doesn’t think the faff of selling privately costs more than 5k.

I think the set of people who want to buy cars at this price point privately probably isn’t that big though.

highway

1,970 posts

261 months

Saturday 27th January
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It’s definitely not a large seller pool. Most seem to sell to trade. I suppose there is a logic to it. If you are wealthy enough to own the sort of car I’m looking for- low mileage 991 or 991.2, with history and some spec, low owners, you probably aren’t fussed about making £3-5k more than you would selling to trade, by selling private.
Obviously that’s not nailed on. But all the low miles 991 in the classifieds at present are either priced at retail money or higher.

CK11

273 posts

185 months

Saturday 27th January
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I think anything thats priced right is snapped up within a few days. Ie the white 991.2 that invictus bought for £53-£54k and have up at £61,995. I was waiting on the lady seller getting back with service records etc and in the mean time they had bought it and listed within 24 hours. Maybe they had the advantage of being able to drive straight away to view and do the deal. But this example among quite a few others ive seen does show it will sell if priced right.
I bet there is quite a few on here looking.
Im trying to save the mark up the dealers are adding on by buying privately as i luckily dont need finance. But when 99% of private sellers are asking dealer prices its a waiting game to pick up something like the white one above before someone else does.

jimmy p

960 posts

167 months

Saturday 27th January
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I've just sold a newish low mileage top of the range mini (I know, not a Porsche but same principle)
We buy any car was 18k.
Started an advert on Autotrader who now offer the chance to send your car to a dealer auction free of charge prior to placing a private ad. They suggested private sale price of £19890 and believed dealer bids on their trade auction would be between 18k and 18.3k.
I turned the auction offer down and listed private sale with asking price of 21k.
This was listed on Sunday evening. By Monday morning phone and email was busy with mini dealers fighting to buy the car, offering initially 19.5-19.75k.
By the afternoon I had one visit,view and give me the 20k I wanted.
Car was re advertised by them for 23.5k so not a massive margin bearing in mind transport costs, warranty etc.
Car has already been sold by dealer it appears as its already been removed from Autotrader.

It seems quite a closed market really. If you are realistic with your pricing dealers are still bidding on the right cars.

My car was advertised for 4 days only but in that time I had 5 dealers bid but not a single private buyer enquiry.

The above pretty much follows a pattern for the majority of cars I've sold over the last few years.

highway

1,970 posts

261 months

Saturday 27th January
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Late Mini’s do seem good news. My last car was a 21 JCW, sold within a week through an ad here. Bought the Mrs a 5 door Cooper S hatch a few weeks ago to replace her 66 Cooper Cab. The 5 door was bought from my pal. He’d bought it new and just bought his wife a new Golf R. Good deal there.
I’ll look to sell her Mini in the classifieds here when the weather gets better. It’s low miles, auto and a good colour, albeit she has kerbed every single wheel.

Jeremy-75qq8

1,031 posts

93 months

Saturday 27th January
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The dealer knows what it is worth and makes money by turning stock. No stock turn, no cash flow , no profit.

The private seller has one car they are invested in

The boat market has a few people who hold stock like car dealers ( really not many ). Likewise they price the stock to sell. They are not investors !

Many of the approved cars are well priced. Other non approved dealers want the same price of more.

The approved car gives you a cast iron warrenty and in my experience a dealer who sorts out problems.

In my former years I used to buy and sell cars ( own use. Buy it well. Sell it a few months later for a few hundred profit ). The phone would always ring. The cars always sold in days. The last time I tried on a Range Rover 3-4 years ago the only calls were traders who in the end bought it.

You now have lots of rights when buying from a trader. They provide finance and the whole market seems based around the monthly payment.

Buying privately is no longer attractive. No consumer rights and mostly unrealistic prices

bosshog

Original Poster:

1,587 posts

277 months

Sunday 28th January
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OP here. I’ve not been following this thread lately as I decided against another 911 for something more practical for the family stuff (RS4). However a quick glance at the market and it still seems way over valued unless it’s just inflation that’s moved the needle up. This is my old car which I bought in 2020 for 54k at 18k miles http://www.autotrader.co.uk/car-details/2023100928...

Seems crazy really. The only 911w which seem to be priced ok are the 992 gen for the age/milage

My only thought is people are preferring the 991.2 gen over the 992 due to size and interior quality

highway

1,970 posts

261 months

Sunday 28th January
quotequote all
bosshog said:
OP here. I’ve not been following this thread lately as I decided against another 911 for something more practical for the family stuff (RS4). However a quick glance at the market and it still seems way over valued unless it’s just inflation that’s moved the needle up. This is my old car which I bought in 2020 for 54k at 18k miles http://www.autotrader.co.uk/car-details/2023100928...

Seems crazy really. The only 911w which seem to be priced ok are the 992 gen for the age/milage

My only thought is people are preferring the 991.2 gen over the 992 due to size and interior quality
That’s really useful. You’d struggle to get a 2012 991 with that sort of mileage for that money today.



CK11

273 posts

185 months

Sunday 28th January
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How do you explain that really when its a normal 911 thats 7-8k more expensive 4 years later with more miles. Is there ever going to be a normal price correction, doesnt look like it.

finmac

1,524 posts

239 months

Sunday 28th January
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This seems like a cheap 992GTs cab:


Youforreal.

363 posts

5 months

Sunday 28th January
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CK11 said:
How do you explain that really when its a normal 911 thats 7-8k more expensive 4 years later with more miles. Is there ever going to be a normal price correction, doesnt look like it.
There’s really nothing that anyone will be able to explain to you, it is what it is, you either buy a car, accept that you might loose some money on it, might be more than you think, might be less but at least you would own and be enjoying a car immaterial of what it’s worth in the future.

Edited by Youforreal. on Sunday 28th January 15:27

Armitage.Shanks

2,284 posts

86 months

Sunday 28th January
quotequote all
Youforreal. said:
CK11 said:
How do you explain that really when its a normal 911 thats 7-8k more expensive 4 years later with more miles. Is there ever going to be a normal price correction, doesnt look like it.
There’s really nothing that anyone will be able to explain to you, it is what it is, you either buy a car, accept that you might loose some money on it, might be more than you think, might be less but at least you would own and be enjoying a car immaterial of what it’s worth in the future.
Agree. The price is the price. If you don't want to pay the price you don't buy one. Wasn't there someone on here who has been waiting to buy for 7 years rofl

You would however expect private sellers to set a price that is below a similar car being sold by an OPC especially when they're likely to get £10k less in trade from what the dealer will list it at? The OPC warranty is to me worth worth more than the £2k for the 2yrs they offer as it's the overall package that comes with buying the car through a main dealer. So a similar car with less than £5k difference between a private sale and a main dealer, I'm buying from the latter.

There must be a realisation with some private sellers that when they list a car for sale having been given a ballpark figure through AT or WBAC et al and they get no bites or low offers they've priced it too high. Apparantly not as the car is listed for months at the same price rolleyes