The market seem to have been flooded with the 991 RS

[Porsche911R]

Any one noticed the mega amount of 991 RS on the market this last few weeks ?

>32 cars from about 6 or 7

I see JZM have kicked off the price war of a RHD car at £195k

[gbrown2014]

It's been there for a while too! Maybe owners are selling up for the more understated .2 GT3, although looking at the mileage it looks like flippers are trying to take a profit before prices fall to more sensible amounts

[Dr S]

Would also expect people trying to cash in on premiums. The .2 GT3 is a fantastic option whilst wating for the .2 RS that my dealer confirmed to me end last week

[Cheib]

Market seems to be softening across the board as per the "bubble" thread . Silverstone's Porsche auction next month will be interesting.

[delays]

Cheib said:

Market seems to be softening across the board as per the "bubble" thread . Silverstone's Porsche auction next month will be interesting.

All linked to interest rates.

Slightest sniff off a rise and cash (rather than assets) starts to become more attractive.

[Porsche911R]

delays said:

All linked to interest rates.

Slightest sniff off a rise and cash (rather than assets) starts to become more attractive.

if we get a rise it will be 1/4 of 1 % not sure what that has to do with the car market.

when it's 6% maybe not 0.75% lol and that won't happen due to the housing market issue.

[hunter 66]

Yes but ....... there are thousands not one of 25 like an RSR ....

[Salamander1978]

Porsche911R said:

I see JZM have kicked off the price war of a RHD car at £195k

There is another 195k one on sale by an OPC too and it has PCCBs

[av185]

[/quote]

Possibility of a minor interest rate rise won't affect the market at this level.

Bit of a non story really. The right cars still make big premiums.

So OPCs hold under 10% of UK RS stock.....no different to 991.1 GT3 at the same point and broad GT4 market and to be expected for GT Porsches as we go into Autumn/Winter.

The cheaper sub £200k RS are , as usual, cheaper for obvious reasons. These cars are clearly hugely spec and mileage sensitive.

The JZM car has steels not ceramics and together with dual coloured leather this is a weird spec. As previously referred to a PHer on here bought a similar UV car with steels at £190k ish well over 12 months back.....this car was £20k less than equivalent ceramic cars at the time.

Similarly the Lava OPC car at approaching 10k miles for a 2016 car is high miles.

Parity on pricing with the new gen 2 GT3 is expected. There will be those wanting the latest and greatest more subtle GT3. And those always wanting the rather ott looking (for road use at least) RS.

For those wanting PDK S the choice could be a difficult one.
[/quote]

Edited by av185 on Friday 22 September 05:55

[Cheib]

Comfort Spec RS.....didn't know it was possible to order such a car! Hope it's SoR....where does that sell ? £170 k mayyyyybe.

https://www.pistonheads.com/classifieds/used-cars/...

[MDL111]

They also built many more 991 RS than any previous generation if rumors are to be believed, therefore no real surprise given it is no longer the latest must have car on the market

I predict 991 RS trading (well) below 997.2 and 996 in the medium term (and possibly also 997.1) - all RS models not standard 3

[WCZ]

massive loss for those who bought at the absolute peak (£350k?)

[av185]

WCZ said:

massive loss for those who bought at the absolute peak (£350k?)

Don't recollect £350k being paid in the UK.

The first flipped car (OPC Cardiff from memory) was advertised around £295k and sold fairly quickly so probably went for around that figure.

[av185]

Cheib said:

Comfort Spec RS.....didn't know it was possible to order such a car! Hope it's SoR....where does that sell ? £170 k mayyyyybe.

https://www.pistonheads.com/classifieds/used-cars/...

Yes £175k imo in theory, but as it must be unique with adaptives I reckon someone with a dodgy back would probably pay c£185k for the privilege!

[FocusRS3]

O yay o yay !

As good as they are they will be back at list.

Gen 2 flippers are about to drop them off at Jzm any day so realistically why should gen 1 GT3's and eventually RS cars be over list ?

The reversal is coming IMO

[Maxym]

av185 said:

Yes £175k imo in theory, but as it must be unique with adaptives I reckon someone with a dodgy back would probably pay c£185k for the privilege!

I would - if I had that sort of money. Prefer 170/175K though...

[delays]

anonymous said:

[redacted]

This is what I was getting at - I just didn't explain it fully.

I curse myself for bringing up finances in a Porsche forum, which should be about cars, but it's a market thread anyway.

I think if the market perceives interest rates to be on an upward trend (and to be fair, I don't imagine they can go any lower, so probably fair to assume they're only going one way) then cash tied up in cars might get a better return elsewhere. It'll be across the board and not specific to the 991 RS; and the rise will be so slow, gradual and potentially imperceptible that there won't be an overnight bubble pop leading to us all being able to pick up a 991 RS for £15 and a Chomp. As Moose says, it's a market that sweats over the colour of stitching on the dashboard for heaven's sake, or whether 10k miles is too high, so I don't think it's beyond the pale for some owners to call it a day if it's been a purchase justified by a potential return when it comes to resale time.

In true PH discussion board fashion, I'm passing my opinion over as fact here and I'm no advisor to the Bank of England, obvs.

[n4aat]

Like all good Ponzi schemes it won't take much for it to collapse like a pack of cards. It's a market built on sentiment and no substance. Everyone who has stretched themselves to get one will be starting to get an itchy trigger finger. No one wants to be the one holding the bomb when it goes off.

Interest rates going up a quarter and the longer yield curve tending higher is not enough to make people sell for investment purposes, but it is enough to put doubts in speculators minds.

All IMHO.

[RSVP911]

n4aat said:

Like all good Ponzi schemes it won't take much for it to collapse like a pack of cards. It's a market built on sentiment and no substance. Everyone who has stretched themselves to get one will be starting to get an itchy trigger finger. No one wants to be the one holding the bomb when it goes off.

Interest rates going up a quarter and the longer yield curve tending higher is not enough to make people sell for investment purposes, but it is enough to put doubts in speculators minds.

All IMHO.

I think a lot of people holding high end cars have bought them with cash and as such, they would only be tempted to sell if the cash would earn them a higher yield elsewhere - Interest rates are not going to do this is the foreseeable future and as such, I'm not sure I ageee with your view in this - sorry. Also a lot of these people will just sit on them as, in the case of aircoed - well they are simply not being made anymore, so this and time will help values over the long term. Granted this isn't the case for everyone, but a lot of the growth in values is being driven by people not knowing what else to do with cash as the stock market is frothy and iretest rates are low - if your point is purly about modern GT cars then please ignore this post

Edited by RSVP911 on Sunday 24th September 07:33

[Robbo66]

RSVP911 said:

n4aat said:

Like all good Ponzi schemes it won't take much for it to collapse like a pack of cards. It's a market built on sentiment and no substance. Everyone who has stretched themselves to get one will be starting to get an itchy trigger finger. No one wants to be the one holding the bomb when it goes off.

Interest rates going up a quarter and the longer yield curve tending higher is not enough to make people sell for investment purposes, but it is enough to put doubts in speculators minds.

All IMHO.

I think a lot of people holding high end cars have bought them with cash and as such, they would only be tempted to sell if the cash would earn them a higher yield elsewhere - Interest rates are not going to do this is the foreseeable future and as such, I'm not sure I ageee with your view in this - sorry. Also a lot of these people will just sit on them as, in the case of aircoed - well they are simply not being made anymore, so this and time will help values over the long term. Granted this isn't the case for everyone, but a lot of the growth in values is being driven by people not knowing what else to do with cash as the stock market is frothy and iretest rates are low - if your point is purly about modern GT cars then please ignore this post

Edited by RSVP911 on Sunday 24th September 07:33

In a nutshell. Middle market, mass production models will and are recorrecting, as are the 991RS and the R. The cream has been bought in cash, not tick, so they will hang on as nothing out there competes with tax free gain. Boring I know, but that’s the truth as I see it unfolding.