991.1 GTS When will they be £55,000?

[BennnTen1245a]

Hi folks,

I know WBAC isn't the place for accurate market data on enthusiast cars, but come on, their data must mean something. I've just run a reg for above car, coupe, 40,000 miles, 2015, PDK, and their figure was just £43,750!

Such cars have a current retail asking price at £68,000 to £72,000.

Any prospective buyers, of which I am one, need to mind the gap!

All thoughts welcome!

PS. I bought an as new FMDSH 2012 991.1 Carrera S Coupe with Sport Chrono, PSE, Carrera Classics etc with 21,000 miles from a VW dealer for £49,000 in Nov 2020. Granted lots of funny covid money about then, but interest rates not as they are now!

[bosshog]

Yes massive gap between trade and asking price. See my thread ‘Current market’

[BennnTen1245a]

Will do, thanks!

[Milemuncher]

Spreads are ridiculous at the moment hence compounds full of 911s.
Not sustainable but equally not clear when there is going to be a reset as it’s a stand-off at the moment with no-one buying but no-one slashing prices either.

[BennnTen1245a]

Ha, a standoff!

That's probably as good a way to put it as any!

[Nuttbelle]

All porsche prices have been overinflated for years.
Long overdue a massive correction

[IMI A]

I don't think so on a GTS. Last NA GTS. Will always be desirable any indy would pay £60 to £65k for a nice GTS. If above 100k miles then yes you might be lucky and pick one up privately for £55k-£60k. Certain Porsches get to a level then do not really move from there. May well change if they bring out a NA 992 with a 4.0 or 4.2

[BennnTen1245a]

I'd say a wanted advert for the likes of the below car would life a car like this for £60,000 already. That's for a 40,000 mile car never mind 100,000 miles.

https://www.autotrader.co.uk/car-details/202310102...

[mikeh501]

Im looking to sell mine to move up to GT3 and i can tell you that trade values in PX are low 60s. its currently a 70k car retail id think and the dealers are building margin as the market deflates.

[BennnTen1245a]

Not far away then, for a private cash buyer, which is good news.

Retail margins have increased significantly due to slower stock turnover and higher dealer borrowing costs.

Edited by BennnTen1245a on Tuesday 24th October 11:16

[Swine Enthusiast]

Noticed this, curiously asked an indy for a price of my 981 GTS and well, it was crazy how low it was. WBAC said it was £28k

[BennnTen1245a]

Well that's a £10,000 spread, fair enough. However the 991 GTS spread is £25,000! This has just had £2,000 knocked off it. A long way to go I'd say https://www.autotrader.co.uk/car-details/202310102...