991 Values...

[MD707]

Hey all, looking for some info from those who watch the 991 market closely...

With the trade in values on most cars hilarious right now, it is tempting to trade up. But then the asking price of anything you might be looking to trade up to is in the stratosphere as well, making the move redundant. My question is...are you seeing the same impact on 911 prices, particuarly 991 C2T/ C2S / GTS, or have these remained relatively stable throughout the chip shortage, as they were a relatively premium product anyway?

[Koln-RS]

I think the market, right across the board, from Fiestas to Ferraris has seen price rises, so it’s all relative. The cost to change probably remains similar.
The big question is, when will normality return?

[GT4P]

I think it’s started, values have started to soften, I am seeing reduction on prices at OPC ie 991T etc and cars are not shifting !
Peak time to sell has passed imho and it will be a buyers market in a few months time with further reductions!

[julian987R]

Still on the up.....

https://www.motortrader.com/motor-trader-news/auto...

https://europe.autonews.com/retail/second-hand-car...

From thisismoney as of this month



...there is nowhere left for it to go but to continue upwards. No way is there going to be a mass shrug from the public to sell their car for yesteryear prices.

[GT4P]

Oh dear, they said the Titanic would never go down also ! Prices of “specials” like the 991t have fallen as much as 5% in the last month so how is that going up?

[julian987R]

GT4P said:

Oh dear, they said the Titanic would never go down also ! Prices of “specials” like the 991t have fallen as much as 5% in the last month so how is that going up?

the budget spec ones may have but anything worth buying is on the rise or stable.

[Haribo Lecter]

Prices have dropped from the summer. The 5% figure mentioned by GT4P is in line with what I’ve seen too.

Still higher than they were pre-chip-shortage but not as high as they’ve been.

Edited by Haribo Lecter on Saturday 16th October 16:32

[MrVert]

julian987R said:

...there is nowhere left for it to go but to continue upwards.

I hate to point out the obvious….but yes there is…..downwards…

[GT4P]

anonymous said:

[redacted]

They were up to low 90s but now down to mid 80s with one car in OPC dropping from mid/high 80s to below 80. I can see prices dropping further to about mid to high 70s.
The T like so many of the specials are nice cars but no GT product although even they are quite diluted now!
The so called specials will be more affected to price falls imho

[carpah]

It would be interesting to see if people who take PCP are getting a big uplift in GMFVs? If not, I'd guess that monthlies have become pretty expensive

[julian987R]

MrVert said:

julian987R said:

...there is nowhere left for it to go but to continue upwards.

I hate to point out the obvious….but yes there is…..downwards…

You are right to point out the obvious, however that was then, not now. Downwards is not a trend that will return to used car prices. Whilst there might be some models and spec that are seeing some price reduction, on the whole the trend is upwards and will continue that way, never falling, only stabilising - rising - stabilising - rising.

The percentage differences between a car now vs before Covid n' Chips will never return back to those prices, otherwise 3,855,259 people who have bought used cars at the inflated prices since Covid n' Chips would have to write off a significant loss and I just can't see that happening. And that stat is up-to Q2 of this year so it'll be between 4.5 and 5million by now.
The next reset might be in the 2030's depending on where ECars end up and legislation.

[Koln-RS]

julian987R said:

You are right to point out the obvious, however that was then, not now. Downwards is not a trend that will return to used car prices. Whilst there might be some models and spec that are seeing some price reduction, on the whole the trend is upwards and will continue that way, never falling, only stabilising - rising - stabilising - rising.

[GT4P]

Here’s an interesting stat for you, up until mid 2021 there had been less than 100k cars for sale on PH now that figure is over 166k so what do you think is going to happen?
Most new cars are bought on PCP so who is going to buy and what will be the value of all those 3/4 year old cars when contracts are finished with the over supply of used cars?

Edited by GT4P on Sunday 17th October 07:53

[2 GKC]

julian987R said:

You are right to point out the obvious, however that was then, not now. Downwards is not a trend that will return to used car prices. Whilst there might be some models and spec that are seeing some price reduction, on the whole the trend is upwards and will continue that way, never falling, only stabilising - rising - stabilising - rising.

The percentage differences between a car now vs before Covid n' Chips will never return back to those prices, otherwise 3,855,259 people who have bought used cars at the inflated prices since Covid n' Chips would have to write off a significant loss and I just can't see that happening. And that stat is up-to Q2 of this year so it'll be between 4.5 and 5million by now.
The next reset might be in the 2030's depending on where ECars end up and legislation.

Is this a wind up? You think because a lot of people have paid over inflated prices reflecting a unique set of circumstances (in a lot of cases with government money) that prices won’t drop?

[GT4P]

Back on topic just noticed a nice 991t good spec etc with a reputable dealer that came to market recently has dropped £3k overnight , so what does that tell you? Prices going up?????

[a_dreamer]

Prices will drop. From what I've seen it has started. As new cars start to become more available, the chip shortage issue will gradually improve over the next six months, used cars will go down in price across the board. Of course it's simple supply and demand. The more unique and desirable the car the less it will drop.

[g7jhp]

2 GKC said:

julian987R said:

You are right to point out the obvious, however that was then, not now. Downwards is not a trend that will return to used car prices. Whilst there might be some models and spec that are seeing some price reduction, on the whole the trend is upwards and will continue that way, never falling, only stabilising - rising - stabilising - rising.

The percentage differences between a car now vs before Covid n' Chips will never return back to those prices, otherwise 3,855,259 people who have bought used cars at the inflated prices since Covid n' Chips would have to write off a significant loss and I just can't see that happening. And that stat is up-to Q2 of this year so it'll be between 4.5 and 5million by now.
The next reset might be in the 2030's depending on where ECars end up and legislation.

Is this a wind up? You think because a lot of people have paid over inflated prices reflecting a unique set of circumstances (in a lot of cases with government money) that prices won’t drop?

He's absolutely comical. Basic supply and demand.

General Economy
- Prices of goods going up
- Gas, petrol etc going up
- Housing market stalled
- Interest rate rise possible
- Christmas - many overspend
- Stock market jitters
- Brexit starts to really bite

It'll be interesting going into early 2022 to see how 'rich'or 'poor' people feel and whether they can stomach the cost of a luxury Porsche with their disposable income.

As a quick indicator WBAC prices are down, so the 'downwards is not a trend' is an odd statement.

Not the time to be buying a relatively new but overpriced car which is likely to still have some depreciating to do.

[bosshog]

I thought about selling my manual C2S as it’s selling at about 15k from dealer more than I paid a year ago, I could perhaps get 10k with a private sale. I’m after a GT3 longer term but they are up 20 to 30k so I’m better off waiting until value fall across the board. Sensible thing would to get out at the top, but I’m not sensible, life is way too short to be driving around in a shed waiting for the market to fall.

[time waster]

g7jhp said:

2 GKC said:

julian987R said:

You are right to point out the obvious, however that was then, not now. Downwards is not a trend that will return to used car prices. Whilst there might be some models and spec that are seeing some price reduction, on the whole the trend is upwards and will continue that way, never falling, only stabilising - rising - stabilising - rising.

The percentage differences between a car now vs before Covid n' Chips will never return back to those prices, otherwise 3,855,259 people who have bought used cars at the inflated prices since Covid n' Chips would have to write off a significant loss and I just can't see that happening. And that stat is up-to Q2 of this year so it'll be between 4.5 and 5million by now.
The next reset might be in the 2030's depending on where ECars end up and legislation.

Is this a wind up? You think because a lot of people have paid over inflated prices reflecting a unique set of circumstances (in a lot of cases with government money) that prices won’t drop?

He's absolutely comical. Basic supply and demand.

General Economy
- Prices of goods going up
- Gas, petrol etc going up
- Housing market stalled
- Interest rate rise possible
- Christmas - many overspend
- Stock market jitters
- Brexit starts to really bite

It'll be interesting going into early 2022 to see how 'rich'or 'poor' people feel and whether they can stomach the cost of a luxury Porsche with their disposable income.

As a quick indicator WBAC prices are down, so the 'downwards is not a trend' is an odd statement.

Not the time to be buying a relatively new but overpriced car which is likely to still have some depreciating to do.

also people spending money on overseas holidays and not cars.

[carpah]

julian987R said:

You are right to point out the obvious, however that was then, not now. Downwards is not a trend that will return to used car prices. Whilst there might be some models and spec that are seeing some price reduction, on the whole the trend is upwards and will continue that way, never falling, only stabilising - rising - stabilising - rising.

The percentage differences between a car now vs before Covid n' Chips will never return back to those prices, otherwise 3,855,259 people who have bought used cars at the inflated prices since Covid n' Chips would have to write off a significant loss and I just can't see that happening. And that stat is up-to Q2 of this year so it'll be between 4.5 and 5million by now.
The next reset might be in the 2030's depending on where ECars end up and legislation.

Is it possible to mute people on this forum?