Current market

[bosshog]

I’m I the market again for a 991 gen car. Looking at the trade values vs price advertising for private sales they are all trade plus 10k. Seem to be dreaming to me. Even some of the non OPC are 12-15k over current trade.
Is everyone is denial or are the likes of WBAC way off?

[bosshog]

Nuttbelle said:

£10k margin is nothing when you have a shiny showroom and GMs wages to pay.

What you expecting a couple of grand like a ford fiesta ?

I’m talking private sellers prices not dealers….

[bosshog]

CK11 said:

Im asking people on here with more knowledge than i have regarding pricing trends. If you were to buy a £50,000 991.1 s or a £70,000 991.1 gts, given both cars were good spec, colour, miles, history etc are they most likely to depreciate at the same rate pro rata.
Would a decent shout be in 3 years time the S is worth £40k and the gts £60k ?

I think both will be much less with the direction of travel. The second hand market is so overpriced. Prices are only just getting to where they were at the start of Covid. So they are still 4 years worth over priced and need to drop much further.

[bosshog]

OP here. Personally until dealer and private sellers prices are more in line with wbac (plus their premium) I won’t be buying . I just can’t bring myself to buy when the prices are still the same as they were 3-4 years ago but the cars are 3-4 years older plus 20-40k miles more! It needs to happen anyway as it was out of control across the whole car market. It’s good news as far as I’m concerned as it makes more models available. I’m a cash buyer and already have a couple of fun cars so don’t feel like I’m missing anything currently so I will definitely be waiting it out to things to correct themselves (hopefully).

[bosshog]

Case in point. I paid 63.5K for this exact car in Nov 2019 when it had 17K miles on it.

https://www.autotrader.co.uk/car-details/202310022...

Still way over IMO.

[bosshog]

Ed.Neumann said:

bosshog said:

Case in point. I paid 63.5K for this exact car in Nov 2019 when it had 17K miles on it.

https://www.autotrader.co.uk/car-details/202310022...

Still way over IMO.

I think the problem is, anyone who has only been following the Porsche market for a couple of years has a completely skewed take on it.

The reality is, a 3-4 year old 911 (No GT product) has always been worth approximately 60% of list at trade in.

2020 that changed, but now we will see it go back to normal, might take a while as those sitting on stock are trying to hold out to sell the cars they have already paid for without losing money, but it will happen and is happening.


No issue buying a car now, life is for living, just be realistic that not only are depreciation levels back to normal, you 'might' need to factor in a covid correction too.

Yes I agree. WBAC is offering 47.6K for that car currently.

[bosshog]

Again 991.1 GTS were going for around these prices 4 years ago. I get the GTS is top boy outside the GT cars but still seems overvalued in the scheme of the last 20 years car depreciation trends.

[bosshog]

Excellent plugin - many thanks.

Another car been on the market since Feb . Dropping at about £900/month and still not sold.

[bosshog]

Perhaps dealers just have enough cash to site on. There are plenty of cars been on the market since June which have not had their prices adjusted. Be interesting to see who blinks first .

[bosshog]

ATM said:

Had my eye on this ebay auction just to see where it ended up

£44,200

2012 3.8 4S with 47,000 miles

Obviously if I'd have bid it would have sold for £49,200 instead

https://www.ebay.co.uk/itm/266452518433

5k over trade so the seller should be happy.

[bosshog]

Yes the market still overvalued really. I brought a 991.2 CS for 63k with 17k on the in 2020. The very same car is now for sale at an OPC at 67k with 33k on the clock .

There’s been some movement downwards but it’s happening very slowly.

Given the cost of everything has gone up with inflation I wonder if second hand car values with ever correct themselves or whether they are going to be inflated as well over time.

[bosshog]

I’m seeing a gap of about 20k on some of the cars I’m looking at!!!

[bosshog]

ams007 said:

Well... I was enquiring on a 2017 C2S in Dick Lovetts that just appeared on the website. In the time it took them to send me a video someone else bought it. For well spec'd sensibly priced cars they don't seem to have a problem selling them!

I would say at least 60%/X% of the car buying public are not really aware of what is happening in the market and are happy to pay the market rate. I think thats why it takes so long for the market to adjust down as dealers have a base price they are will to accept so will hold out for as long as possible and in that period X% of the buying market could buy that car.

[bosshog]

Sukh13 said:

https://www.iconicauctioneers.com/2016-porsche-911...

This makes the 991.2s on AT look over priced to say the least!

A similar manual carrera went for 52k few weeks ago fyi. It took a while to sell.

[bosshog]

Honeywell said:

This Targa 911 that’s listed today looks cheap to me. Is it?

https://www.autotrader.co.uk/car-details/202308251...

Thats been up for ages.

[bosshog]

GT4RS said:

Wills2 said:

Bailey. said:

I’m looking to buy a 991 or R8 before Christmas.

Cars from £70 - £75k on AT value between £48k - £55k on WBAC.

The spread will be quite wide until retail stock catches up with the trade price.

Spot on Wills2, this is what we are now starting to see.

It’s been like this since beginning of September and tbh not much has changed since then. Prices are not really dropping much on cars priced below 80

[bosshog]

OP here. I’ve not been following this thread lately as I decided against another 911 for something more practical for the family stuff (RS4). However a quick glance at the market and it still seems way over valued unless it’s just inflation that’s moved the needle up. This is my old car which I bought in 2020 for 54k at 18k miles http://www.autotrader.co.uk/car-details/2023100928...

Seems crazy really. The only 911w which seem to be priced ok are the 992 gen for the age/milage

My only thought is people are preferring the 991.2 gen over the 992 due to size and interior quality

[bosshog]

LTCayman said:

bosshog said:

OP here. I’ve not been following this thread lately as I decided against another 911 for something more practical for the family stuff (RS4). However a quick glance at the market and it still seems way over valued unless it’s just inflation that’s moved the needle up. This is my old car which I bought in 2020 for 54k at 18k miles http://www.autotrader.co.uk/car-details/2023100928...

Seems crazy really. The only 911w which seem to be priced ok are the 992 gen for the age/milage

My only thought is people are preferring the 991.2 gen over the 992 due to size and interior quality

Was really considering purchasing this car; nice spec but heavily stone chipped and marked, damage to lip spoiler, windscreen not good.

On the look out for a well priced 991.1 or a good value 991.2, it is hard to decide what is and isn't good value etc are 991.2's set for further significant falls with the 992 prices..

It was in top condition when I had it. I had it for a couple of years. FYI I saw it for sale before the OPC bought it at about 10k cheaper from the person who owned it. Turbos went twice on it (before I owned it and just after I sold it at £63k)

[bosshog]

Regarding the turbos I understand there is an updated design