Cars not selling?
Discussion
I have been watching the 993 market for a few months now and it seems like there are a lot of cars out there that are just not selling.
Some cars have been sat for months with no price drop.
Some cars have had their prices adjusted downwards.
Some cars have been flagged as sold on one site then re-advertised on another a couple of weeks later.
There are some dealers that have even INCREASED the prices of cars that are not selling!
Has anyone else noticed this with other Pork?
Some cars have been sat for months with no price drop.
Some cars have had their prices adjusted downwards.
Some cars have been flagged as sold on one site then re-advertised on another a couple of weeks later.
There are some dealers that have even INCREASED the prices of cars that are not selling!
Has anyone else noticed this with other Pork?
It's a trend accross the whole market, its also evident with Ferrari as well. There are still some cars that people are asking huge money for but asking versus sales price are two separate topics. When standard MK 1 escorts start nudging £80K, it's time to consider there's a bubble. On another thread, I've mentioned how £20K 308 ferraris becoming £80K cars within 3 years doesn't ultimately benefit anyone other than the seller that catches the last wave and ultimately its the enthusiast that gets excluded.
It's a classic car trend,
I see the issue as the cars are way over priced but not in that good condition.
Buy at these high prices then doing one up is not viable.
A few years back, one could buy a 964 or 993 for 15 and 27k so as prices went up you could do them up a bit.
Now it's an eye watering prospect which would cost you 10,s of thousands if you did buy then try and sell after spending £40k doing it up.
Imo age has caught up with these cars and unless it’s an S or an RS the money is not there to do them up !
15 years ago people could try these cars and they were still in ok condition to use as daily’s.
I see the issue as the cars are way over priced but not in that good condition.
Buy at these high prices then doing one up is not viable.
A few years back, one could buy a 964 or 993 for 15 and 27k so as prices went up you could do them up a bit.
Now it's an eye watering prospect which would cost you 10,s of thousands if you did buy then try and sell after spending £40k doing it up.
Imo age has caught up with these cars and unless it’s an S or an RS the money is not there to do them up !
15 years ago people could try these cars and they were still in ok condition to use as daily’s.
993 Carrera 2 and 4 ‘s are only worth they £40-£50k price tag private sellers are asking if they’ve “invested” the rise in value in addressing the weak spots on the car; scuttles, chassis legs, worn suspension components etc
Buying an average example 5 years ago with a fully stamped book and keeping up with the stamps isn’t enough to justify a £20k premium today.
I turned away 3 “meticulously maintained” examples before I purchased mine. The sellers were deluded.
Buying an average example 5 years ago with a fully stamped book and keeping up with the stamps isn’t enough to justify a £20k premium today.
I turned away 3 “meticulously maintained” examples before I purchased mine. The sellers were deluded.
nickpan said:
993 Carrera 2 and 4 ‘s are only worth they £40-£50k price tag private sellers are asking if they’ve “invested” the rise in value in addressing the weak spots on the car; scuttles, chassis legs, worn suspension components etc
Buying an average example 5 years ago with a fully stamped book and keeping up with the stamps isn’t enough to justify a £20k premium today.
I turned away 3 “meticulously maintained” examples before I purchased mine. The sellers were deluded.
Yep that's what I am finding. Buying an average example 5 years ago with a fully stamped book and keeping up with the stamps isn’t enough to justify a £20k premium today.
I turned away 3 “meticulously maintained” examples before I purchased mine. The sellers were deluded.
One of my opening lines when contacting sellers is:
What work have you done outside of the normal servicing requirements during the time you have owned the car?
Most dont even bother to reply!
When buying cars, I like to get the details of a given car for sale and ring round the dealers pretending to own it to get an idea on bid prices. None of them want to buy outright and if they do the bids are rock bottom. Independent dealers just want SOR cars so they can make a quick buck on them and kick em down the road.
I was lucky to buy my 993 before the rise in prices we have seen between 2013/14 and present day but I have spent a fair wedge in upkeep in the last 5 years. Now I am usually the first to say a car is overpriced but I think if you are hoping to see nice 993's back in 20's I think you will be waiting a long time.
When I was at Moffat classic car show in the summer we were standing at a friends mk2 RS2000 when a bloke just came up and offered him £28000 which was taken. I have never really followed many prices but when I now look at what you need to spend on some rather ordinary cars I think 993's look like a bargain. I also suspect there are never going to be an abundance of manual cars on the market and I suspect the majority of owners didn't buy it on the never never and wouldn't panic sell if the classic car boom turns to bust.
When I was at Moffat classic car show in the summer we were standing at a friends mk2 RS2000 when a bloke just came up and offered him £28000 which was taken. I have never really followed many prices but when I now look at what you need to spend on some rather ordinary cars I think 993's look like a bargain. I also suspect there are never going to be an abundance of manual cars on the market and I suspect the majority of owners didn't buy it on the never never and wouldn't panic sell if the classic car boom turns to bust.
I was lucky to buy my 993 before the rise in prices we have seen between 2013/14 and present day but I have spent a fair wedge in upkeep in the last 5 years. Now I am usually the first to say a car is overpriced but I think if you are hoping to see nice 993's back in 20's I think you will be waiting a long time.
When I was at Moffat classic car show in the summer we were standing at a friends mk2 RS2000 when a bloke just came up and offered him £28000 which was taken. I have never really followed many prices but when I now look at what you need to spend on some rather ordinary cars I think 993's look like a bargain. I also suspect there are never going to be an abundance of manual cars on the market and I suspect the majority of owners didn't buy it on the never never and wouldn't panic sell if the classic car boom turns to bust.
When I was at Moffat classic car show in the summer we were standing at a friends mk2 RS2000 when a bloke just came up and offered him £28000 which was taken. I have never really followed many prices but when I now look at what you need to spend on some rather ordinary cars I think 993's look like a bargain. I also suspect there are never going to be an abundance of manual cars on the market and I suspect the majority of owners didn't buy it on the never never and wouldn't panic sell if the classic car boom turns to bust.
stichill99 said:
I was lucky to buy my 993 before the rise in prices we have seen between 2013/14 and present day but I have spent a fair wedge in upkeep in the last 5 years. Now I am usually the first to say a car is overpriced but I think if you are hoping to see nice 993's back in 20's I think you will be waiting a long time.
When I was at Moffat classic car show in the summer we were standing at a friends mk2 RS2000 when a bloke just came up and offered him £28000 which was taken. I have never really followed many prices but when I now look at what you need to spend on some rather ordinary cars I think 993's look like a bargain. I also suspect there are never going to be an abundance of manual cars on the market and I suspect the majority of owners didn't buy it on the never never and wouldn't panic sell if the classic car boom turns to bust.
I'm not looking to buy a 993 under £30K, I know that ship has sailed a LONG time ago.When I was at Moffat classic car show in the summer we were standing at a friends mk2 RS2000 when a bloke just came up and offered him £28000 which was taken. I have never really followed many prices but when I now look at what you need to spend on some rather ordinary cars I think 993's look like a bargain. I also suspect there are never going to be an abundance of manual cars on the market and I suspect the majority of owners didn't buy it on the never never and wouldn't panic sell if the classic car boom turns to bust.
It's just that when I'm looking at spending £40 to £50K on a 23 year old car, I expect to see some receipts other than the yearly MOT.
Agree with cmoose too. A decent 993 is a pricey thing. It’s an old car, desirable and quite iconic. It’s not particuarly rare. I’d argue a large amount of the desire and therefore value for these by the wider market is because you can still use it when you want and drive round in a bit of an iconic design. How will the market demand value these cars once their practical usability becomes hobbled? There’ll always be the minority who love the car well enough to buy one and accept the hassles and increasing expense, but I’d bet a large amount of current demographic of buyers will move on when they can’t use the thing as freely as they want out of a fun car.
It largely depends on how restrictive use of pure ICE will become over the next two decades, but I think it’s safe to say looking at current trends, it’ll be getting harder and harder. It won’t even require electric to reach the majority for this to happen. It will eventually reach a tipping point where there’s such a proliferance of hybrid availability to the public buyer, that legislation will determinedly marginalise pure IC as a day to day use option by various mechanisms.
It largely depends on how restrictive use of pure ICE will become over the next two decades, but I think it’s safe to say looking at current trends, it’ll be getting harder and harder. It won’t even require electric to reach the majority for this to happen. It will eventually reach a tipping point where there’s such a proliferance of hybrid availability to the public buyer, that legislation will determinedly marginalise pure IC as a day to day use option by various mechanisms.
Gassing Station | Porsche General | Top of Page | What's New | My Stuff