Warning: Don't Buy a Porsche 911 Carrera Until You Watch This! Prices are Still Dropping
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- เผยแพร่เมื่อ 13 ก.ค. 2024
- Porsche 911 prices are still decreasing. After a strong run, depreciation is back. Prices for all generation are dropping with exception of the ones for the 996 Carrera. However, there is no reason to panic.
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There are three things you must know before buying a Porsche 911 Carrera in 2020.
1. Prices are still decreased. Prices are pointing down for the majority of the generations. The depreciation rates are the largest in the 992 Carrera segment. This is understandable since it is the newest car.
2. Prices for the 996 Carrera are relatively stable. Also in the this segment, prices softened. Yet, the decrease is not as strong as in the 997, 991, and 992 segment. The decrease of only 0.4% in the 996.1 market is likely to be the result of chance.
3. There is no reason to panic. During 2021 and the first half of 2022, prices surged. This trend turned in the summer of 2022 and currently we are seeing that cars start to follow their normal depreciation pattern. Price trends are decreasing linearly and, as of now, there is no indication that the depreciation rate will increase in the short-term.
Content:
00:00 Three Must knows
00:47 Market overview - February
02:21 997 Price trends
03:56 991 Price trends
06:10 992 Price trends
08:09 996 Price trends
10:16 Conclusions and future prices
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
Check out this video to see the difference between the automatics and manuals: th-cam.com/video/EEb3d3DQIMQ/w-d-xo.html
I'm using your videos for future reference. I don't plan on buying soon but I love learning about the best times to buy
Always look forward to your market analysis. Great video
I'm in the market for a 992, so these videos are very helpful. Thank you
Thanks for all your hard work. Appreciate it
Thanks for this! I'll be in the market in the next 2-3 months for a 991.1S, so this definitely helps
Thanks for this, I've been watching carefully at 991.1 prices and this video is very helpful
That is great to hear.
The next update should be interesting considering 2024MY 992's just had an 8K price increase.
I’d love a 993 and previous generation video! I noticed 993s are actually going up in value.
Absolutely awesome video and information! Can you do an analysis on the BMW M4 GTS? Please 🙏🏻
Most useful channel in all of TH-cam!!
Great video. Thanks
Love your channel. It would be great to see BMW M models and it’s different variations….M, M comp, M CS and CSL
Wow. Is there any good reason why they will not go back to pre pandemic levels (plus inflation)? You mentioned they are not but I was not clear on the reason. Great video!
Great as always
I'd love to see another breakdown of Jag F Type values.
Love your content! Thank you. Could you do a video on the Rolls Royce Cullinan. I ordered a Black Badge about a year ago when they were trading almost $200k over sticker. Mine arrives in August and the market seems to be very different.
Very nice video, as usual!
Question: I have a 2001 Aston Martin DB7 V12 Vantage (Coupe), with a rare manual transmission. I would like to know whether the prices for that car can expected to be increasing in the next years? Any idea? PS: I am from/in Germany.
Many thanks!
I may be able to afford a base 997.1 yet! I'm sitting on the sidelines and waiting to pull the trigger.
These are always really accurate representations. I realized I'm better off buying a brand new 992 T with manual transmission without too many options. Costs the same as a used 992 or 991.2. And it will be a manual with sport chrono and PTV.
Nice video! Can you also include European marketplace in the field of future analysis & predictions? Or even describing in comment, how would you compare EU market, to US in case of 911's and GT3/Turbo cars?
Thanks. I am working on the inclusion of the European market.
Nice analysis
interesting to see the prices on the 997.2 GTS models drop so much. Although some mom and pop dealerships are asking Turbo money for them. That is my next target purchase, a C2 or C4 GTS. Really appreciate the information you provide.
Never buy from a dealership that's not a Porsche one. I'd buy on Bring a Trailer before I trust a used sports car dealer.
@@bondking0077 privately owned independent dealerships that sell Porsche or other luxury sport vehicles.
@@dabrula there are decent private dealers out there. Yes there are shady ones too. The disadvantage you have on BAT is ordering a PPI on the car unless the seller is willing to allow you to do it. People that are willing to just pay for the car will overpay with no guarantee the car is sound. The advantage of a mom and pop is you have the time to inspect the car. Yes they are usually more expensive than a private seller and BAT or other online auction but you can walk away from a sale. BAT and Pcarmarket you cannot. You’re committed to buying the car. That’s a big gamble to take on a car you’ve never driven much less inspected. You’re basically looking at pictures and what the seller posted. Great for less expensive cars, but not for cars in the 6 figure range which is most mid to high range 911s.
@@bondking0077 well that’s where your individual part comes in to inspect the car. Trust me I rather not buy from them. I simply keep shopping for the right car.
@@bondking0077 I’m waiting for the right car. If it means waiting a year or longer, I will.
Great video, do you have any insight into the Turbo market?
Thanks for your analysis. Wouldn't the main reason for the price drops across the models is that the cost of financing/borrowing is so high? Interest rates just keep going up so overall price of the product should come down just to sell it. I am just assuming that even the customers who are in the market for a $50-100k used 911 would need to finance some portion of it.
im currently in the market for 997.2 and theyre still somewhat high 60s-70s.but at 8-12% interest rates is a turn off. I rather just keep saving more cash until interest rates are below 3 or just BAT and buy w/ cash from all the savings lol
Inflationary environment, not *yet* deflationary.
Thank you very much
CAN YOU MAKE A ONE OFF VIDEO ABOUT 911 UK MARKET - as in price trends please
nice review
Just bought a 2021 992, and it felt like a good deal. Below retail value based on CARFAX pricing and had everything I needed / wanted from exterior design. If you’re in the market and see something you can afford, a CPO is not a bad idea now. Dealers are still marking a premium on new 2023 models, and 2024 will be marked up by $8k in the US.
Considering picking up a 991 dot one S around December. Hopefully prices will further flatten in the US.
I wouldn’t expect flattening, even said it in the video. Expect 5-10% price decreases YoY. Should be cheaper now than when you posted though.
I’d love to see this for the Lotus Elise and Exige.
Havent seen the price drop in Australia. I guess our market is too small.
My local Porsche dealership is getting $50k to $200k …..every dealership in Arizona are two years out, as Porsche is not making many 911’s
I live in Florida and have a friend in the business, and even he paid $5k over MSRP for a Carrera S. The dealers here claim that every car that comes in is either pre-sold or never sits on the lot for more than 48 hours.
I know it's abit earlier to say...the GT4RS values are going to be interesting..
I'm in the market for a GT3, I'm looking at the 992 GT3 but wouldn't pass on a nice low mile 991.2 GT3. Unfortunately prices are not dropping, they are holding steady. And putting an order in for a new 992 GT3 isn't even possible right now.
same for the gt4rs even porsche claimed they gonna make a lot of them to fulfill the demand
996 - best value sports car available in todays market.
Yesterday I bought a 996.2 C2 coupé manual without an accident with a mileage of 128,000 km for €32,500, so it was a good purchase
Hi, I saw your video and I appreciate your analysis which was two months ago. I'm planning to purchase 911 turbo S 911.2 series. DO you think the price for this series still going down? There is a way to contact you directly by email or by phone?
they are not dropping in Canada, I have been watching and the Porche dealerships are keeping the prices up no matter what.. 4S is selling for 20k to 40k use more than new prices (1 and 2 year old)... some other models like turbo are 50 to 60k more than new, and GTS is 30k roughly.. its disgusting actually..
Hi, how about analysing the JLR Defender market ?
Can you please do a comparison between US and China supply of new cars? The numbers on the 982 are insane.
Could you do analysis for all Land Rover, the new models prices are higher
Please can you do the same review on the UK market?
Sir , could you compare the Turbo s. market specifically ; 997 , 991 , and 992 .
Thank You
Does anyone know the source of this data? I am interested in doing some of my own analysis.
Thanks for the informative videos by the way! This is definitely one of the most useful YT Channels!
The comments on the 997.2 GTS are too broad because a clear distinction needs to be made between PDK and manual transmission models. The total number of manual transmission GTS models delivered in the US was less than 300 cars and cabriolets are even more rare. Supply and demand…try finding any with low miles and see if what they cost.
Agree. The sold cars he's using for this analysis are PDK based on his references. Still it's boggling how much better the 991.1 GTS held its value compared to the 997 GTS. All that said, good luck finding a no-stories 6MT 997 GTS with under 50k miles for anything under 80k.
Yes, the trend is mainly influenced by the PDKs as there are more of them for sale. The trend for the manuals is unreliable due to the small market size.
What about the Targa’s ? And the very rare targa 997.2 4s manual ?
But it is still hard to find an used 992 c2s or c4s in washington...
I'm seeing people are picking up 911's left and right. On CarGurus 3 992 911 S's I had saved were all bought last week.
Usually shows you are picking out decent ones I think…
@@stu4181 Yes, but 2 of the 3 were sitting around for a long time. One of them was only a week old tho. They were all around the same price and had good spec, of course
I noticed the same exact thing, it seemed like it was finally a buyers market …..then it’s like spring fever took over early this year, interest rates be damned and all 🤔
Thanks again for smart analysis.
Any update about Audi R18 V10(+) and european market ? Does inflation will draw used car prices UP ?
I hesitate with a Porsche 911 996 or 997 Turbo, c4S or 991 c4s. it's a hard choice
This is the latest market update for the R8: th-cam.com/video/wOAP5G3ly9U/w-d-xo.html
I am aiming to add the European markets during this year. So far, the correction does not seem as big as in the US.
Analysis of the air cooled market eg 964? Thanks.
Good one
Where are you finding these numbers? Here in the states the prices are still very high!! Very high!! you can't find cars!!!
A 2017- 2019 911 Turbo S prices are well in excess of 160k Plus.
I can say that the german market is not dropping. Now the spring is close before and the prices are raising...
True, the situation is different in Germany.
Wait until more 996 and 997s are out of order and there are fewer and fewer around. Market correction.
Thanks for doing this! Do you have an update coming for the cayman and Boxster?
In a few weeks i think.
@@fourwheeltrader no rush, looking forward to it!
If the average price for a 992 4S is about 130K now.
what do you think the price for that trim model will be next Spring ? 120? 115? lower?
prices went up for the 992. so much for speculators
These cars are just not selling , I have cars on my watch list for months and they are still sitting. I seen 991.2 GTS get sold at auction in STL and ended up in Texas at different Porsche Dealership,
Any chance you can review the 993 air cool?
the price is just going to normal levels
As long as the 996 doesn't go stratospheric in the next few years I'm good 😂😂 and by the looks of the trends and the CI's it doesn't seem like that'll be the case
Can you talk about the Turbo and Turbo S in the 991.2 2017 to 2019 please
I would like to know your thoughts too. I have found several I like.
This is the latest market update for the Turbo: th-cam.com/video/Q6Dca2jOaps/w-d-xo.html
Good analysis... how do you see the 997 GT3 price behavior?
Have a look at the latest GT3 market update.
BMW M cars. Very interested specifically in the M2 Competition.
Have you done analysis of 993 including low mileage vs high mileage?
I only did the 996 and newer unfortunately.
What is the depreciation per 1000 miles for the 992 s
Nice sport car but the price was too expensive to buy it in Taiwan Market.
价差40%
I checked the GT3, still expensive af.
Driving 992 Turbo S 💪 not for sale
I never understood how the 911 holds value when Porsche has made so many of them, it’s not like your getting an exclusive car
Cuz it's not a show off car, it's subtle
They don’t make enough, try ordering one from your dealer without perviously buying at least a macan or boxster without paying msrp or waiting for the end of the run, probably just won’t happen
Hahaha i see like one 911 a month. So wtf u on about
Me too specially that the panamera cayenne and macan dont
@@sunnohh went to my local dealer. $10k down and wait for your order at MSRP for a new 911. Not that hard - now if you’re after a GT 911 car that’s a different story.
Cayenne GTS s please
I got my 992S 911 for £95,000 in 2020 it’s now about £85,000
What about the 997.1 GT3 RS 4.0?
These cars are very frustrating. I have attempted to buy a 911 on three occasions over the last 7 years and each time I picked another car. I just could not justify the hype and premium price. True car enthusiasts know there are comparable options today. Don’t buy the hype. I do have a classic Porsche and those cars frankly had more going for them. The modern 911 performance and mystic has long been closed by others. That is the very sad truth.
Even after watching this, I still couldn't afford to buy one
How do I change Handle
Porsche is love and life!
I look for the 996 Targas
Any analysis for Mercedes SLSs and SLS Roadsters? Where is the data coming from?
Only this: th-cam.com/users/shortsmV4KPF-3PSU?feature=share
I wish they were that cheap in the Netherlands.....
Any analysis on the BMW M3 series?
Not yet, but I started to track the prices for them.
The 991.2 GTS is on my list
Im looking for a 991.1 gts. CPO cars around 100k . Gotta get that NA motor haha! Good luck
So no comments about the GT models? interesting.
They have their own market update
Can we get an updated gen2 r8 video please.
I updated it one month ago: th-cam.com/video/wOAP5G3ly9U/w-d-xo.html
What numbers are you based of? It's so complicated to put everything in numbers since we don't know the true prices are the cars sold, condition of the cars, options of the cars. I just find it hard to believe how the graphs are generated...
Exactly.
You can't discuss 997 gen 1 or 2 without taking into account numbers of Manual Vs Automatic. What about mileage? What about options? What about fluctuations in Trade vs Private sellers? What about when a couple of desperate sellers enter? Or a few ropey example enter cheap? Or that car sales tend to be stronger going into Spring + Summer, especially with Cabs?
I mean, really, this can't be taken very seriously. It's literally Autotrader and a spare lazy 10 min.
Better to have simply originally taken 5 cars from each model and then every 3/6 months compare with cars with pretty much the exact same specs and mileage and seller type. Like for like. Instead of plotting scatter graphs.
I bought a c4s 997 with 38k miles in 11/21 sold it with 45k miles in 1/23 for the same amount.
Do you think the 997. GTS4 is at the bottom and will stay flat for me it’s the one ❤
To bad in mexico prices just go up never down
Awsome
Watched the vid, still can’t afford one 🤷🏻♂️
Nissan GTR please.
99 996's are beautiful, unique, and designed by the old guard, almost no options, only sub 3000lb/300hp 911, more engaging, headlights look lovely in my garage. 997's too many buttons, cheap materials trying to fake people into thinking quality. Later models bigger/heavier = Panamera coupe, no thx.
🤔Me watching this video with extreme interest
🤭👈My bank account, knowing full well this is still a fantasy
No car is an investment... I can however tell you that the 911 Carrera, of any model designation, us the best bang for buck car you will ever own... Resale value does not matter because I will NEVER sell it...
They’re a volume car
I don’t buy them because I’m worried about depreciation
I buy them to drive the crap out of them, I figure 1 dollar per mile in additional depreciation for my adventures
Take a shot 🥃 every time he says the number "9" 😅😅
Proost 🍻
Why have you not addressed the Porsche decision for a Stop Sale on the 991 and 991.2 with the Sport Chrono option, and how it is impacting the Porsche 911 used car market and pricing?
The prices were falling, but they seem to be inching back up. There is resistance.
More on this soon!