Are we on the verge of a big price crash on GT cars?

[cabbalisticar]

freedman said:

julian987R said:

Long way to go yet. 981 GT4's will be in the £50K's next year and we'll start to see the CR costing more than its big brother.

Personally that would be great news, but you are banging a drum that appears to have no basis in fact

R's going for more than GT4s is not going to happen. Just the fantasy of a fanboy. No doubt will buy a GT4 one day and then explain why the R is a complete piece of crap and can never be worth as much as a GT4!

[braddo]

cabbalisticar said:

R's going for more than GT4s is not going to happen. Just the fantasy of a fanboy. No doubt will buy a GT4 one day and then explain why the R is a complete piece of crap and can never be worth as much as a GT4!

Gonna happen

[ChrisW.]

The R is a great car ... though we may disagree on relative values.

Fan boys ? Bring it on. It's the grumpy people that I don't like ...

[That_White_GT3]

911hope said:

Have a look at 992 GT3 cars advertised.

6 Months ago, the cheapest were £240K. Now they are £200k and they are still not selling.

GT3 market is probably more speculator driven than GT4, and those speculators will be keen to get some profit.

You cant use 992 prices as a gauge, we always knew they where going to fall even if the market was strong. 992s will come down now naturally as the market went wild for the first batch - now we are seeing more available it will always adjust. As pointed out above i think come spring next year we will see price sure up, might be a dead cat bounce might not be - time will tell i guess. One things for sure these cars still arnt getting any cheaper unless your buying outright with cash.

[julian987R]

cabbalisticar said:

freedman said:

julian987R said:

Long way to go yet. 981 GT4's will be in the £50K's next year and we'll start to see the CR costing more than its big brother.

Personally that would be great news, but you are banging a drum that appears to have no basis in fact

R's going for more than GT4s is not going to happen. Just the fantasy of a fanboy. No doubt will buy a GT4 one day and then explain why the R is a complete piece of crap and can never be worth as much as a GT4!

You seem a little on edge. One word of advice, decaf.

[Desert Dragon]

I'd have Cayman R in right spec over a GT4 in a heart beat. Mainly road use and the Cayman R is a hidden gem. Super looking Porsche pocket rocket.

[GT4P]

I think if any car is safe against any big price crashes is the GT3. Although that is not to say it won’t fall back to list or just below just look at what happened to prices of 996/997 in a normal market. As for the “lesser” Porsche cars imo it will be somewhat different.

[Desert Dragon]

I believe GT4 residuals will remain rock solid against the dearer GT cars. Its far more useable and totally different price point so will always be liquid and in demand IMO. The amount of Porsche friends I have who own a GT4 or want them is unbelievable. Many of the other GT cars i.e. 991 GT3, 991 GT3 RS, 991 GT2 RS, and 992 GT3 way over priced if you compare bid to buy spreads

I saw a 718 GT4 in Gentian Blue with ceramics, buckets etc at a Porsche meet full works belongs to one of the PCGB officials. I'd put it at top 3 cars at meet for road presence. I also know a few owners of 981 GT4 who can really pedal saying they'll never sell

[julian987R]

braddo said:

cabbalisticar said:

R's going for more than GT4s is not going to happen. Just the fantasy of a fanboy. No doubt will buy a GT4 one day and then explain why the R is a complete piece of crap and can never be worth as much as a GT4!

Gonna happen

Never going to happen. Only model that would tempt me out of my R is a 930Turbo. I am sure the GT4 is a joy to own, but it’s just not me. The R is the most modern car I have ever owned and to be honest it’s a modern as I’d ever want, perhaps too modern for my liking. I prefer cars where I have to be constantly thinking about taking evasive action, and a flask of tea is the main source of heating.
The GT4 would irritate the hell out of me, especially the blank buttons, I just can’t see past that for starters. But! I am sure it’s amazing and would never question anyones desire to own one.

[cabbalisticar]

GT4P said:

I think if any car is safe against any big price crashes is the GT3. Although that is not to say it won’t fall back to list or just below just look at what happened to prices of 996/997 in a normal market. As for the “lesser” Porsche cars imo it will be somewhat different.

GT3s look acutely vulnerable to me. They built zillions of them from 991.1 onwards. Probably easier to find good spec a GT3 than equivalent age Carrera with a good spec and a manual box.

If you're using 996/7 as a guide, GT3s of that era built in a very small fraction of the numbers of the 991.1 onwards and in a normal market, they didn't do terribly well. If that's any sort of sign post, it doesn't bode well.

Of course, the craziness may continue. it all depends if the market goes truly sour. It might not be that bad, certainly things do look that terrible for now. But if the market in general really does turn, personally can't see how the hugely inflated supply side re GT3s doesn't position them pretty poorly.

[______]

julian987R said:

bus_ter said:

Window shopping on Autotrader (as you do) and noticed there are now 90 718 GT4's and 30 981 GT4's for Sale. Prices down to the £60K's

That's quite a remarkable change from just 6 months ago. Is the current financial climate about to crash the price of GT cars?

Long way to go yet. 981 GT4's will be in the £50K's next year and we'll start to see the CR costing more than its big brother.

Not this rubbish again, you won’t as the GT4 is a better can than your namesake. The 911R is quite different again as it had the full rs engine.

[Deansfield]

GT4P said:

I think if any car is safe against any big price crashes is the GT3. Although that is not to say it won’t fall back to list or just below just look at what happened to prices of 996/997 in a normal market. As for the “lesser” Porsche cars imo it will be somewhat different.

Only one 991.1 GT3 for sale on opc site
£100k for one of these is looking like superb value compared to 991.2 at £45k more and 992 at Twice the price!

[Rojibo]

Deansfield said:

GT4P said:

I think if any car is safe against any big price crashes is the GT3. Although that is not to say it won’t fall back to list or just below just look at what happened to prices of 996/997 in a normal market. As for the “lesser” Porsche cars imo it will be somewhat different.

Only one 991.1 GT3 for sale on opc site
£100k for one of these is looking like superb value compared to 991.2 at £45k more and 992 at Twice the price!

Yeah, but they’re coming to the end of their 10 year engine warranty from Porsche. If the engine hasn’t exploded in 10 years I mean, will it? But it would play on the back of my mind. Would I be as comfortable taking it to the red line constantly, hammering it around a track? Probably not.

Still great machines to sit in and drive though, very pleasant place to be, still feels quite modern apart from the PCM.

[pete]

Rojibo said:

Yeah, but they’re coming to the end of their 10 year engine warranty from Porsche. If the engine hasn’t exploded in 10 years I mean, will it? But it would play on the back of my mind. Would I be as comfortable taking it to the red line constantly, hammering it around a track? Probably not.

The 10 year free engine warranty might be coming to an end, but you can still take out a Porsche extended warranty for less than 1k per year (same price as any other 991) that covers the engine for a good few years more. It's ridiculously good value compared to Ferrari and McLaren warranties, for example. Of course you need to keep the car unmodified and in the Porsche service network, but I'm not worried about blowing up my engine while the Porsche extended warranty is such good value.

Not to say 991.1 GT3 values won't take a hammering like any performance car with compromised usability and fairly large build numbers, but I think the engine warranty is something we tend to be much more aware of than even most GT3 buyers outside forums like PH or Rennlist, so not expecting a value cliff-edge in 2024 due to the engine.

[Rojibo]

I get it, I know that the third iteration of the engine is sound, it has to be. Problem is when your mate has two of them explode on two separate track days it plays on your mind a bit. Anyway, threads not about engine reliability.

I guess there may be a bit of a blip at the 15 year mark when you can’t get an OPC warranty anymore but if it’s still fine then… how bad can it be? The thing about these cars, at fair value ie around list, what actually comes close?

I think the reason residuals have always been so strong is that they’ve been so competitively priced to begin with.

[rbh]

My tuppence worth for what it's worth. Price fluctuations are cyclic on an annual basis. Sports cars, or perceived sports cars, are more desirable during the warmer, brighter summer months and less desirable during the wet colder months. Thrown into the mix is the basic supply and demand of components for new cars. It's basically a first-world problem and beyond the control of us mere mortals.

[scogins]

Good grief - there are already a few threads going where the same thing is being discussed, Do we really need another?

[DMC2]

Deansfield said:

GT4P said:

I think if any car is safe against any big price crashes is the GT3. Although that is not to say it won’t fall back to list or just below just look at what happened to prices of 996/997 in a normal market. As for the “lesser” Porsche cars imo it will be somewhat different.

Only one 991.1 GT3 for sale on opc site
£100k for one of these is looking like superb value compared to 991.2 at £45k more and 992 at Twice the price!

OPCs don't really want to touch the 991.1 due to the putty engine. Personally I don't think that car at nearly ten years old is good value at £100k considering the engine troubles, some of these cars are on their 4th engine. Just my opinion, there will be loads of people who disagree. It makes a £130k 991.2 seem good value.

[findtomdotcom]

Yep, it's happening and to the 992 GT3 too. So far I managed to negate a far amount off a 1000 mile car with fantastic spec. Ultimately I decided against it due to the very high cost of borrowing, I had a really large deposit too. I think this will be the main reason all cars are going to fall in price next year...

[finmac]

bus_ter said:

Window shopping on Autotrader (as you do) and noticed there are now 90 718 GT4's and 30 981 GT4's for Sale. Prices down to the £60K's

That's quite a remarkable change from just 6 months ago. Is the current financial climate about to crash the price of GT cars?

I always tend to look at the bigger picture with these type of things. While 90 newer GT4 sounds like a lot of cars for sale, if this is observed against the UK population it maybe gives a different perspective. At 67M people it means there are 1.3 GT4s for sale per 1M people. Hardly sounds like a massive number in that context - to me anyway!

As many have said, Seasonal factors at play as much as anything here, I’d be very surprised if things don’t pick up by end March as spring and new track season etc approaches.