Cars not selling?

Cars not selling?

Author
Discussion

D.no

706 posts

212 months

Friday 14th September 2018
quotequote all
anonymous said:
[redacted]
I agree with your reasoning entirely, and it got me thinking (somewhat selfishly) that these restrictions can't happen soon enough. Anything that reduces the current market values is fine in my book. It does seem odd though that market forces (cars not selling) are not seemingly influencing prices greatly at the moment. Perhaps I'm under-estimating the amount of latency in the car market.


v8ksn

Original Poster:

4,711 posts

184 months

Friday 14th September 2018
quotequote all
D.no said:
It does seem odd though that market forces (cars not selling) are not seemingly influencing prices greatly at the moment. Perhaps I'm under-estimating the amount of latency in the car market.
It's very strange as there are some cars (both air cooled and water cooled) that have been on sale for a long time.

What I find truly perplexing is the fact I was offered a 993 at £55k and I turned it down. That exact same car has had its price increased by £12,000 in the space of a few weeks.

Porsche911R

21,146 posts

265 months

Friday 14th September 2018
quotequote all
v8ksn said:
It's very strange as there are some cars (both air cooled and water cooled) that have been on sale for a long time.

What I find truly perplexing is the fact I was offered a 993 at £55k and I turned it down. That exact same car has had its price increased by £12,000 in the space of a few weeks.
the range is because people with bad cars think they can charge the price of very clean cars, and to the untrained eye they might well do.

after going to luft the other week even the show cars were a bit rank in some cases, most customer cars who tuned up to view were very sub standard I thought. yes there were some very mint examples as always but the bigger % of cars were below par. Very tricky game as prices to do up these cars is so out of hand if you buy wrong you will have massive ££££ to spend.

some times a higher price might sell a car as the buyer things is a top tier car.

D.no

706 posts

212 months

Friday 14th September 2018
quotequote all
v8ksn said:
It's very strange as there are some cars (both air cooled and water cooled) that have been on sale for a long time.

What I find truly perplexing is the fact I was offered a 993 at £55k and I turned it down. That exact same car has had its price increased by £12,000 in the space of a few weeks.
That's just perverse unless it's had over £12k spent on it in the interim. It seems to be at complete odds to the emerging market sentiment. I'd love to hear the vendors reasoning...

hunter 66

3,905 posts

220 months

Friday 14th September 2018
quotequote all
Maybe because it is a "fast appreciating asset "...

D.no

706 posts

212 months

Friday 14th September 2018
quotequote all
anonymous said:
[redacted]
Wise words. Thanks.

v8ksn

Original Poster:

4,711 posts

184 months

Friday 14th September 2018
quotequote all
D.no said:
That's just perverse unless it's had over £12k spent on it in the interim. It seems to be at complete odds to the emerging market sentiment. I'd love to hear the vendors reasoning...
I have an email from them from early August and they offered the car to me at £55,000 I turned the car down for various reasons and then in the first week of September they increased the price to a fiver shy of £68,000 I asked them what work they had done on the car since our last chat and they didn't respond. I called them a few times only to find they were 'away from their desk' each time.

IMI A

9,410 posts

201 months

Friday 14th September 2018
quotequote all
anonymous said:
[redacted]
That trophy or investment segment is £175,000 +. 55-70k generally buys you a very good usable car if buying from a Paragon, Hairpin, 911 V, JZM etc

n12maser

580 posts

92 months

Friday 14th September 2018
quotequote all
the 997.2 gt3 clubbie that Porsche have had for ages around £100k was dropped to £98k and has disappeared now... assuming a sale.

a white 981 cayman gts @ Redline I think, nicely priced around £50k disappeared after a couple of days of being added.

cars are selling if the price is right...

Porsche911R

21,146 posts

265 months

Friday 14th September 2018
quotequote all
n12maser said:
the 997.2 gt3 clubbie that Porsche have had for ages around £100k was dropped to £98k and has disappeared now... assuming a sale.

a white 981 cayman gts @ Redline I think, nicely priced around £50k disappeared after a couple of days of being added.

cars are selling if the price is right...
I see most of the 997.2 GT3 are now sub 100k JZM have 2 one been for sale 18 months at a guess but now look very over priced now every one else has done the £99k price.

IMI A

9,410 posts

201 months

Friday 14th September 2018
quotequote all
anonymous said:
[redacted]
Well I suppose its all relative but thats exactly my point a 993 Carrera is not a trophy. Carrera RS yes. Perhaps to you but in my book that market starts at 175,000 for an average LHD Carrera RS if we're still talking 993s. You're way off the mark maybe the dealer just felt he'd prove a point to the OP doesn't mean shell sell for the increased price. Most of the stuff at the non marque dealers at the price point you're talking about very very average and I'm being kind

lots of people still using genuine 993 RS and driving the wheels off them by the way. Less common but they're still out there

v8ksn

Original Poster:

4,711 posts

184 months

Friday 14th September 2018
quotequote all
I dont know what point they were trying to prove to me. It just seems like a very odd way to do business and it smacks of dishonesty.

You will never see the likes of JZM and 911V etc doing this sort of thing. You may see them lower their prices slightly to expedite a quick sale for their clients but generally they buy good cars at the right price and sell them accordingly. Indeed, most of the 993's currently for sale would probably not be taken into stock by the high quality independents.

n12maser

580 posts

92 months

Friday 14th September 2018
quotequote all
might it be a SOR, and the owner for some reason or other has asked the dealer to now raise the price?

to your point though, a credible dealer would say no.

IMI A

9,410 posts

201 months

Friday 14th September 2018
quotequote all
v8ksn said:
I dont know what point they were trying to prove to me. It just seems like a very odd way to do business and it smacks of dishonesty.

You will never see the likes of JZM and 911V etc doing this sort of thing. You may see them lower their prices slightly to expedite a quick sale for their clients but generally they buy good cars at the right price and sell them accordingly. Indeed, most of the 993's currently for sale would probably not be itaken into stock by the high quality independents.
I agree but there are some cards out there. Car dealers in general not exactly regarded as the most honest people. Allows the good marque specialists to build a very good reputation though - the big issue for the marque specialists is finding decent stock. You should register interest with a few of them. Their best cars often get sold before they even come into stock.


IMI A

9,410 posts

201 months

Friday 14th September 2018
quotequote all
anonymous said:
[redacted]
Well I thought we were talking about 993s. And yes one mans junk is another mans....

Pug 1.9 GTI, Golf GTi, yes trophy to some. To me the some of the best drivers cars ever but I couldn't part with £30 or £40k for one.

Perhaps we need to work bit harder and spend a bit less time on here - a good 993 RS whether LHD or RHD is £300,000 + wink

IMI A

9,410 posts

201 months

Friday 14th September 2018
quotequote all
anonymous said:
[redacted]
As i said to some a Golf GTI etc and this extends to 993 Carrera or any car could I suppose be a trophy car. I bought a few low miles cars but certainly didn't regard them as trophies. Even let perfect strangers have a go over extended periods and thats not just you....

Beauty is in the eye of the beholder. They're not trophy cars to me. Neither is a 993 RS by the way. I hope you and the other doom mongers are right and prices do go down. Maybe I can get into one wink

IMI A

9,410 posts

201 months

Friday 14th September 2018
quotequote all
Jez, Forgot to add that I believe the specific car the OP referring to is maybe this one?

https://www.renaissance-classics.co.uk/vehicle-det...

If so most Porsche owners would never regard this as a trophy car. Have to say its not something I would buy at £55k or £67k but how in the world does putting it up by £15k make it more of a "trophy" to any buyer? I don't understand - sounds like complete nonsense when you look at the car itself.

n12maser

580 posts

92 months

Friday 14th September 2018
quotequote all
i think it's worth max £50k. Maybe a bit less as not RWD.

IMI A

9,410 posts

201 months

Friday 14th September 2018
quotequote all
n12maser said:
i think it's worth max £50k. Maybe a bit less as not RWD.
I'd have a punt at £35k biggrin

The Selfish Gene

5,505 posts

210 months

Friday 14th September 2018
quotequote all
I reckon if you want one, it's a 45k - it's not RWD, so I don't