How well are used standard Porsches selling at the moment?
Discussion
Just a musing about 911s really.
Fuel and running costs are what they are (hint of resignation to that statement, admittedly) and tbh, those in the market have already taken that into account imho.
Used cars are out there, but not seeing many indicators as to how well or quickly they’re selling.
No indicators as to how close to sale price they are going for either.
Is it still a sellers market or have a tables turned?
Dan
Fuel and running costs are what they are (hint of resignation to that statement, admittedly) and tbh, those in the market have already taken that into account imho.
Used cars are out there, but not seeing many indicators as to how well or quickly they’re selling.
No indicators as to how close to sale price they are going for either.
Is it still a sellers market or have a tables turned?
Dan
Not a 911 but I sold my 2018 718 Cayman 2.0 to Porsche East London about six weeks ago.
They put it up for £47,900, reduced by £1k after three weeks and it sold the following day.
When I started to monitor if it was selling, there were just over 300 718s for sale across the OPC network. There are now 252.
They put it up for £47,900, reduced by £1k after three weeks and it sold the following day.
When I started to monitor if it was selling, there were just over 300 718s for sale across the OPC network. There are now 252.
mabosh said:
Not a 911 but I sold my 2018 718 Cayman 2.0 to Porsche East London about six weeks ago.
They put it up for £47,900, reduced by £1k after three weeks and it sold the following day.
When I started to monitor if it was selling, there were just over 300 718s for sale across the OPC network. There are now 252.
Hope you don't mind me asking but what was their mark up on it?They put it up for £47,900, reduced by £1k after three weeks and it sold the following day.
When I started to monitor if it was selling, there were just over 300 718s for sale across the OPC network. There are now 252.
Not at all, gave us £38,750 via Carwow/Wizzle. We live in Edinburgh so obviously they would have costs to transport it down south too.
Older gent came to collect it and drive it to Sheffield (where he lives apparently). It was then to be collected and trailered down to London from there the following day.
All very straightforward and less hassle than the hoops Motorway were trying to get us to go through.
Older gent came to collect it and drive it to Sheffield (where he lives apparently). It was then to be collected and trailered down to London from there the following day.
All very straightforward and less hassle than the hoops Motorway were trying to get us to go through.
mabosh said:
Not at all, gave us £38,750 via Carwow/Wizzle. We live in Edinburgh so obviously they would have costs to transport it down south too.
Older gent came to collect it and drive it to Sheffield (where he lives apparently). It was then to be collected and trailered down to London from there the following day.
All very straightforward and less hassle than the hoops Motorway were trying to get us to go through.
That's more of a markup than I'd expect if you listen to the car dealers saying how little profit is in used or new cars. Older gent came to collect it and drive it to Sheffield (where he lives apparently). It was then to be collected and trailered down to London from there the following day.
All very straightforward and less hassle than the hoops Motorway were trying to get us to go through.
Transport and admin costs, £2k.
£6k to do what they want with
Mr Spoon said:
mabosh said:
Not at all, gave us £38,750 via Carwow/Wizzle. We live in Edinburgh so obviously they would have costs to transport it down south too.
Older gent came to collect it and drive it to Sheffield (where he lives apparently). It was then to be collected and trailered down to London from there the following day.
All very straightforward and less hassle than the hoops Motorway were trying to get us to go through.
That's more of a markup than I'd expect if you listen to the car dealers saying how little profit is in used or new cars. Older gent came to collect it and drive it to Sheffield (where he lives apparently). It was then to be collected and trailered down to London from there the following day.
All very straightforward and less hassle than the hoops Motorway were trying to get us to go through.
Transport and admin costs, £2k.
£6k to do what they want with
Big range of offers from £32k from Cazoo to £38,000 from WBAC and £38,250 from our OPC and various in-between.
Mr Spoon said:
mabosh said:
Not at all, gave us £38,750 via Carwow/Wizzle. We live in Edinburgh so obviously they would have costs to transport it down south too.
Older gent came to collect it and drive it to Sheffield (where he lives apparently). It was then to be collected and trailered down to London from there the following day.
All very straightforward and less hassle than the hoops Motorway were trying to get us to go through.
That's more of a markup than I'd expect if you listen to the car dealers saying how little profit is in used or new cars. Older gent came to collect it and drive it to Sheffield (where he lives apparently). It was then to be collected and trailered down to London from there the following day.
All very straightforward and less hassle than the hoops Motorway were trying to get us to go through.
Transport and admin costs, £2k.
£6k to do what they want with
Contrast that with other cars we have sold such as BMW X5, Audi Q8, where the markup was closer to £5k
andyeds1234 said:
£10k markup on Porsches seems to be the norm from OPCs. Our cayenne is getting bids of just over £50k when the cheapest equivalent is £60k at the dealer.
Contrast that with other cars we have sold such as BMW X5, Audi Q8, where the markup was closer to £5k
Yep, I'd agree with that from recent experience with BMW & Porsche dealerships. I don't think I've ever traded a car to an OPC, they just completely take the pi$$ IMO..Contrast that with other cars we have sold such as BMW X5, Audi Q8, where the markup was closer to £5k
On another note, I've recently bought and sold with Ashgoods, they offered far more for my cars as trade in and were obviously less expensive to purchase from. Seems they have their pricing strategy as an Indy absolutely spot on.
andyeds1234 said:
A lot of the 911s I have been watching haven’t sold in the last 3 months, also no movement in price either. Given you can’t buy a new one within a reasonable time frame, I guess the OPCs are in zero rush to sell their used stock.
997's have been flying out the doors, ones i have been watching all sell within a couple of weeks.MrVert said:
Yep, I'd agree with that from recent experience with BMW & Porsche dealerships. I don't think I've ever traded a car to an OPC, they just completely take the pi$$ IMO..
On another note, I've recently bought and sold with Ashgoods, they offered far more for my cars as trade in and were obviously less expensive to purchase from. Seems they have their pricing strategy as an Indy absolutely spot on.
Another vote for Ashgoods…bought my 981 from them last year and they were spot on..sorted an issue out before letting me have it and prepped the car brilliantly…would def use them again,,,On another note, I've recently bought and sold with Ashgoods, they offered far more for my cars as trade in and were obviously less expensive to purchase from. Seems they have their pricing strategy as an Indy absolutely spot on.
Gregmitchell said:
andyeds1234 said:
A lot of the 911s I have been watching haven’t sold in the last 3 months, also no movement in price either. Given you can’t buy a new one within a reasonable time frame, I guess the OPCs are in zero rush to sell their used stock.
997's have been flying out the doors, ones i have been watching all sell within a couple of weeks.It seems 997s are a popular buy these days.
Definitely scope to make more selling privately, but a whole lot of hassle: the 'innit' crowd, plus genuine people but who want an inspection first, those who'll want stuff tidying up first (which eats into margin given retail cost for alloy repair etc). Also, many people need the money before they can buy the incoming car making it difficult to plan.
Think the best bet is to phone around a lot of indies, which will often elicit a decent enough offer to make the annoyance of a private sale not worth the aggro.
One can go SOR but am not an expert about that, and it seems like there's a whole other level of risk and BS that goes with it.
Think the best bet is to phone around a lot of indies, which will often elicit a decent enough offer to make the annoyance of a private sale not worth the aggro.
One can go SOR but am not an expert about that, and it seems like there's a whole other level of risk and BS that goes with it.
Panamax said:
One thing's for sure, if the dealers are making £10k on it you can sure as hell pocket an extra £5k by selling privately.
I’m not so sure. Just because a punter is willing to spend, say £50k at a dealer, doesn’t mean they are willing to spend £45k privately. The market for private buyers, for anything requiring more than a £20k (choose you favourite supermarket) loan, is very limited.andyeds1234 said:
I’m not so sure. Just because a punter is willing to spend, say £50k at a dealer, doesn’t mean they are willing to spend £45k privately. The market for private buyers, for anything requiring more than a £20k (choose you favourite supermarket) loan, is very limited.
I've sold two privately over the past two weeks, one at 35k and one at 45k.... trade bids were 32 and 38k respectively.all to fund a lovely 991!
Although I've had good interest, I think it's down to the cars in question. Good, desirable cars sell well...
Gassing Station | Porsche General | Top of Page | What's New | My Stuff