Porsche 911 GT3 Prices Flatline: Should You Buy or Wait?
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- เผยแพร่เมื่อ 20 ต.ค. 2023
- Will prices drop further or is this the best moment to buy a Porsche 911 GT3?
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GT3s lost only 4.6% during last year. So are we looking at a market bottom and, should you buy one right now, or should you wait to see if prices will continue to drop?
Looking at the 996 and 997 generations, we saw that prices increased in line with the market but did not decline when the market tanked. In other words, the cars were relatively immune to the market correction. This means that right now, is as good or as bad of a time as ever to buy a 996 or 997.
When it comes to the 991 and 992, we saw prices topped mid 2022. In my opinion, that was not a smart moment to buy. Now, however, there is nothing visible in the price trends that would warrant the same conclusion. Prices already corrected and showed resilience. The correction was much smaller than in the rest of the market. More recently prices even flatlined, something that is not visible in all markets. Therefore, I think it is fair to conclude that it is at least not a bad moment to buy a GT3.
Disclaimer: The Content is for educational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained in this video constitutes a solicitation, recommendation, or endorsement to buy or sell any cars. The information published has been obtained from or is based on sources which are believed to be accurate and complete. Although reasonable care has been taken, the completeness and the accuracy of any information published cannot be guaranteed. Any opinions may be wrong and may change at any time. You should always carry out your own independent verification of facts and data before making any purchase decision. - ยานยนต์และพาหนะ
More recent market update: th-cam.com/video/o8ISi9dUeRo/w-d-xo.htmlsi=S4chPNBKNVwebfg-
🚗 Check out the auctions at Sotheby's Motorsport 🚗
bit.ly/3Rey7po
Please please do a price comp for Bentley Bentagas
Are these trends similar in the US? I have 992 touring with high spec and just wondering to do if anything? Will it ever be worth what I paid?
This video is about the US market.
Porsche's planned price increases on 2024 cars will prop up used prices. Flattening of current prices not surprising given the season and high interest rates.
Great analysis again, thanks for the heads up.
992.1's have dropped in Oz, but they where at an inflated high during C19, now dropped 20%. There are now at the new car configurator price, so can't see them going lower.
I shall also mention, that in Oz the 992.2 cars won't be available in a Manual, only PDK. Will this be other countries? This will also support manual prices going forward.
I am floored by how low the subscriber count remains on this channel, which is incredibly useful and insightful for all of us who love cars. Well done, and appreciate this video very much on the 911 GT3 market.
Considering that Porsche continues to focus most of its 2-door production on GT models...I wouldn't be surprised to see some price drops soon...certainly on the non-911 models we've already seen it with Spyders and GT4's selling around MSRP at auction.
About five years ago I went to do an Extreme Experience and drove a 991 gt3 pdk, liked it so much I looked at prices then at that and older generations gt3 where one could buy a GT3 for as low as 70k. I thought heck, if things keep up and work is good I could perhaps pick one up in a few years with a middle class income. Boy was I wrong...
You should consider doing the C7 Corvette in a standalone video or include it in a C8 update video. C7 prices seem pretty inflated and I’m curious if they are trending downward.
a big fan of your channel!!! how about the GT4RS, it's rare, I wonder the price is going up or down for this model??? please enlighten me
Great analysis. I'm not a car collector, but I'd like to be so I'm paying attention because it's fun. I love Porsches and could do well if I could afford them!!! 😊
Excellent as always
I have one question, how come in 2022 the GT3 had a $162k MSRP on the configurator but now it starts at $182k, why is there a 20k price difference for cars that are the exact same?
Please do a revised version on 991 RS 🙏 Greetings from 🇫🇮
Given the 991 GT3 market, do you believe the better buy right now is the 991.1 given the significant price reduction and end of the motor warranty and issues? Or, would you just buy up to the lessening 992?
Prices are holding strong in South Florida
Coming from someone who’s in the market for a 997.2 GT3. This market is tough, the price variance is sometimes $30k between similar specs for no reason
This is my situation, and unfortunately the one I’m looking at is on the higher end of the spectrum….
@@dbp1926 Just remember, if you can't pay for it with cash then you cant afford it.
@@jack073Wise words, my modus operandi as well👍
@@jack073 You're absolutely right, but this seems to be the European way of looking at things, whereas in the USA it is quite different.
@@jack073 I bought it
Yeah the payment configured even on a lease absolutely crazy gt3 6 k a month
FWT what is your daily driver or weekend toy ?
Can you discuss R8 GT 2023?
There's a Shark Blue 992.1 GT3 that actually had its price raised from €219,500 to €221,500. Not entirely sure why - perhaps conti-European supply fell...?
Less 992 are being produced for 2024.
What year
This is a 1% increase...
In total production numbers, the 996 gt3 is rarer than the 997 gt3.
🇳🇱 here. Just bought my 992 GT3 last week!
Congrats🎉
I just hope that the prices of the GT3 992 go down enough for when I can buy one at an excellent price, maybe for 2039 😮💨
Interested to see Maserati MC20 price grand. Thanks in advance.
It's included in this video: th-cam.com/video/1v3xioZ7muk/w-d-xo.htmlsi=Gxrkr4FhgWAjEGKl
wait 6 months for the "low probablility event" and if nothing happens then buy buy buy!
Honda s2000 please
this is actually a really great recession indicator.
Are the RS models excluded here?
Yes, this only covers the normal gt3.
I've been watching a 2023' Weissach package GT3 RS go from 570k to now 480k. I've got the cash and time is on my side. I will wait patiently until its reasonable and add it to my collection.
Go-to the bulid configuration spec it to the fullest and still won't add up to what people is selling used ones for.
Chicago motors sold a one off full body carbon fiber deep candy transparency color for over 500 k google the car now that's a car worth paying extra for
In Germany oder Belgium, 2023 GT3 RS Weissach now offered from 380k€, with less than 1000km. And advertised prices are higher than the final sell price.
I’m watching the 991.1 market as the engine warranty from Porsche runs out. That’s a large shift of risk to the owner and I suspect it will impact prices.
I wonder if people will finally learn about how great the replacement G6 engines are, and cars with those will hold value much better.
@@andrewlakes7461 great question. I think the G6 fix is solid, but the engine design itself is fundamentally flawed, they just coated certain bits. If that coating wears off and gets into the engine who knows what will happen. Maybe Dundon will finish the new design that would really fix it. Regardless I really prefer the 991.1 and would take my chances on a G6, or maybe try to grab one without a G6 and try to “help” it before the warranty ends 😊
@@nncs I see you've read the same rennlist posts as I have haha. It's not only dlc coating though (both cam lobe and the followers), G6 have an upgraded oil pump and additional oil galleries to spray the cam/follower area, so I'd say the issue is addressed and not a fundamental flaw. I always like to point out that there are more reported 991.2 engine failures than G6 failures. 991.2 went to solid lifters as there is less moving mass and therefore they can get more hp from the same engine, the same reason nearly all high rpm engines run solid lifters. Those engines have similar oil sprayers pointed at the cams as the 991.1 should have done in the first place.
Combo of Porsche new car price increases and decreasing interest rates into 2024 will prop up 992 GT3 prices. It’s impressive prices haven’t tanked more given interest rates have doubled in 2 years.
still too much liquidity in the market.
If you can afford a GT3, you should be able to pay it in cash, interest rates should thus not be an issue.
@@IT-fk3pp and yet they very much are. 1. Some people who can afford one deploy their liquid capital elsewhere (like in investments). 2. Many people can afford to enjoy these cars for a couple of years and resell them, but only when rates are lower (they don’t depreciate much). There’s always a segment of buyers that’s immune to interest rates, but it’s only a portion of buyers at this price point. 700-800K cars less sensitive to rates due to different buyer profile.
Haven't tanked .... Yet
HODL 992.1 GT3 its going to be last with analog rev gauge. Might be final true classic until euro laws force Porsche to produce less ICE cars.
How about Ferrari 812?
At first when I see this vlog on July 2022, I just ignored it because I already bought 992 GT3. I was hoping his prediction was wrong. Until around January 2023 I tried to sell mine. The price went down like 20 percent. It gave me headache. Long story short, I had to let go my GT3 with 20 percent loses. Good thing is, I got good deal trade in with 992 GT3RS. I got chepest RS in my country for some reason. My RS is well spec, Weissach packed, PCCB, carbon roll cage, PDLS plus and so on. Now I just enjoy it and hoping the price goes up.
Hi! Have you checked the price changes for the 2008-2018 Maserati GT? This could be very interesting. In the S version it has the 4.7 engine from the Ferrari 430 and 599.
Thanx and best regards!
star_border
Do you think the prices of the GT3 992 will go down a lot by 2039? 😩
Depreciation is gone in 996 and 997's, and 997's are arguably much better cars in looks, interior and handling. Buy 997's while you can
So you have a 997 to sell
@@Jay-xr3sb ??
When the crash hit it will touch every sector, people need to eat,they will liquidate there car's to get much needed cash
sHOULD YOU BUY AN OVERPRICED PORSCHE?
Wouldn’t invest in Porsche cars nor in the stock any more ;) Time‘s over. There are so many new opportunities right now !
Like what crypto
@@lambdee7006 what year are you living in ?
@@noandrewhere 2023 buddy, satire.
Aventador
Junk
@@er98ah broke lol
@@KingKenKenlol not really I have a 997 turbo s in the garage, though I rarely drive it
@@er98ah & i have an aventador 720s & 488 at the same time right now, also had a turbo s & a gt3 I sold last year
@@KingKenKen dope! How do they stack against each other ?
Us Americans pay for Germans' security as the military. we should get a discount because i get taxed, and they send my money abroad
And where are the available GT3 to buy?
Channel makes no sense. ✌🏾
Your comment makes no sense.
@@fourwheeltrader sigh. You ramble about GT3 as if one can just walk in and find one. So yes your video is pointless.
@@bn8530 Yes you can just walk in and buy most of the GT3s that are included in the video. The majority are used cars after all.
comrade, I see at least 8 GT3s available across the US, so they are available
Comrade - are you Russian. It doesn't matter what matters is Porsche 911s are the best sports cars ever built. I have had the privilege of owning 996c4s, 997 gt3, 991gt3 and now my favorite
991.1 gt3rs. I track this car and its beyond Amazing, its a real driver's car.
I even race for 4 years in a Spec 911 series, the best years of my life.
I am a Passionate Porsche Enthusiast, its personal enjoyment. I never show-off my cars - put more miles on the Racetracks then the public roads. If you know where to look you can find a nice GT3 out there.