People who buy it outside of their comfort zone. They may be able to “afford it” no problem. But in their mind, it’s “too nice of a car to get wet in the rain, put miles on etc” so they don’t drive it. I don’t think it’s about affording it, it’s about being mentally comfortable driving something so expensive and wanting to “baby” it
@amac8487 Fair point, though in my experience, it's the maintenance and especially depreciation of cars value that causes these cars to never see track and collect dust
@@venoxee4954 Yeah, I mean depreciation is definitely a thing, but I think people blow that out of proportion as well. Once you factor in insurance, gas, maintenance, and start to calculate the cost per each mile, people would be a little more aware that they need to drive their car. I think the "track" issue is that most are just scared to go because they never have and don't know how/where to start. That a whole other story. The thing with maintenance; whether you put 500 miles or 20k miles on every 2 years, the bigger services still need to be done. Every year need an oil change, whether 1 mile or 10k miles. It needs to be done. I own a 718 and 992S. They cost me just as much to sit in my garage, unused, insured, as they do to use them.
I worked for a Porsche dealership while I was in high school and quit when I started going to college this past summer. While I was there, we got a lot of new GT3's, GT4's, and just high specced cars in. We were one of the only dealerships that didn't charge over msrp on the GT cars, but I understand why dealerships would. Certain dealerships get a certain amount of cars, and if the dealer isn't in California, Texas, or Florida, majority of the time you have to wait a LONG time to get one. We got only 5 allocations a year for the 992 GT3, and there are more than 5 people who want them. That caused older models to get more expensive during the pandemic and there has been a surge of appreciation for the older models like the 997 and 996 in the past few years. I believe this is true primarily because of fact that it was harder to get the new cars and they made so "few" of them for what the demand was. I believe that the prices will dip a tiny amount, but I believe they will always be MSRP for the rest of our lives. Once the 911 switches to being a hybrid, which is supposedly coming for the 992.2 generation, I feel like the older cars will gain appreciation. Especially the 997's of all trims and the 991's. The new 992's have a lot of driver aid and are much easier to drive compared to the older ones and don't feel as connected to the road like the older ones did.
@@shabbos-goy9407so if you’re a janitor at Porsche you should stay there and not get an education?😂…you do realise there’s more than just sales jobs at car dealerships right?😂…unless you’re telling me that Porsche is such a weak brand that a security guard, janitor, regular driver or the dudes that keep the cars clean can ascend to sales or managers. What damn job do you think a high school kid would get at a Porsche dealership?😂😂😂…really dawg?🤦🏿♂️
Can't agree with some of your comments. GT cars rarely sold for much less than msrp pre-covid. Maybe 3% off at the most! Also, Porsche is still making special/limited edition low volume cars today. They may not be numbered editions but the demand still outweighs supply. Porsche enthusiasts that can afford a GT3 or GT4RS aren't worried about interest rates.
I just got an offer from my Porsche dealership to trade in my daily driver 718 2022 GTS 4.0. I’ve paid MSRP at a little > 100k when new, they offered 70k dls, granted I’ve put 27000 miles since new but still drives wonderfullyy, of course I’ll drive my Porsche until the wheels fall off.
The government claimed that during the real estate boom, some mortgage companies used predatory practices with respect to giving out mortgage loans. Now, they should go after car dealers on behalf of car owners who found themselves up side down on their cars.
I watch the market daily, and the desirable models e.g. the 991 and 992 S models are not really going down. The 911 T models are still floating around $100k. The fact that Porsche is going to raise the MSRP on the new 992.2 is only going to drive used prices up. I think anyone looking for a 911 better grab one soon. The other models you mentioned are not enthusiast cars (Taycan, Cayenne, Macan, Panamera) and yes those are dropping like stones. I feel bad for Taycan owners as all electric cars are taking a hit this year.
100% agree. I’ve been 991.2 shopping for more than six months, patiently waiting for the prices to start coming down. It’s not happening. In fact, in the last month alone supply seems to have dwindled and prices have stabilized, or in some cases even bumped back UP a tad depending on where in the country you’re looking and what specific model you’re shopping. Good luck finding a 2017 991.2 CPO C4 GTS with less than 30k miles for under 130k. A 2017 CPO C4S with under 30k miles and a modest options package will still set you back 115k easily. Point being, a 911 is NOT the same bird as a Cayenne, Panamera, or Taycan. And a GT3 with an MSRP of 180k that sold used for 250k a year ago but is now selling for 200k is NOT depreciation people! As atrocious as the US economy already is, and with the potential for it to get significantly worse in 2024, there are still more individuals out there with cash in hand than there are 911s to be had. Pretty simple supply and demand. I sincerely hope I’m wrong as I’d much rather spend 100k on a 30k mile 991.2 CPO C4 GTS than 130k+.
944 was my first Porsche - Guards Red - bought new in 1984. Had to wait months for it to show up. Kept it until 2001 - sold it to a friend. Never had a bit of mechanical problems. Go get one - they drive wonderfully.
944 turbo underrated. Sub 3000lb, manual, Fuchs. Perfect weight distribution. Brembo brakes, and you can access the engine and suspension and work on it…. All for a fraction of the price.
I think part of it is that people realized that the 992 GT3 is not a good daily driver. Most were never taking it to the track and way too harsh suspension, so folks got rid of it. Also a lot of dealers were speculating on them as well getting allocations and selling as "used" with delivery miles.
Wow. $140,000 car that’s unattainable to 95% of Americans just appreciate it down to 90,000 which is on attainable to 95% of Americans. This is game changer.
Finally a sensible video on used Porsches. 👏 👏 btw I saved a ton of cash on my Taycan CS TS (170km on the clock and 50k knocked off) because some speculator messed up lol 😜
You're missing an important data point. During the pandemic, upper income earners who were heavily invested in crypto and tech stocks were seeing record high prices which translated into more disposable income to purchase toys. This additional money available for buyers allowed for more competition to purchase these limited models also contributing to higher prices. This was also affected the prices of boats, motorcycles and off road toys like side by sides. The dealer markups were completely insane during the pandemic and people were happily paying it.
I had an M8 competition come in a few weeks ago with minor flood damage. Insurance totaled car out. It’s a 2022 with 8k. He paid 151k for it. Insurance gave him 80. No gap insurance. Dam homie
💯 the Porsche 911 market is not “crashing“, it is slowly reverting back to the mean. There’s a big difference with word choice when it comes to describing these markets. Granted, I do agree that the prices that were extremely inflated for certain special models was out of range for many buyers, but that does not affect all buyers. Though many people get upset at dealerships for the ADM, that’s the free market economy at work.
I dont know what you're talking about. I just paid about 300k for a 992 gt3 touring manual. It's msrp was about 235k so it was well optioned but still, these cars are not dropping like you say
GREAT VIDEO... Got a 2007 Cayman S , bought at Brumos 2010 w 42k on the odo... Silver, Terracotta leather, Carbon... Added Headers, gt3 manifold, flashed the chip, light weight FG flywheel, machined aluminum short throw shifter, Bilstein R9 shocks, 19" Porsche turbo wheels... Hurley Haywood driver training came with the car up in Jacksonville... 365hp... 0-60 about 4 flat... Currently at 479,000 miles... Oil CHG every 5-6 k... Original engine never opened up. Best car I've ever had... Great video... Look forward to those more realistic prices on some fantastic used Porsches a little further on up the road...😊 Will be doing a video when I hit half million miles... Thanks, John Russell
479k miles?! That’s awesome. I have a 19 718 Cayman so don’t think the turbo will have that type of longevity but if i can get to 250-300k that would cool. Although cost to repair it might outweigh keeping it that long.
Awesome video for enthusiasts! I’ve got a Shelby GT500 Heritage Edition and have 7000 miles already of blissful driving. Z06 finally coming soon @ MSRP. GT3 Touring is my next target. Just subscribed. Well done!
The market is falling but you're way off on brand new 991.2 GT3 selling for $30K under sticker. New ones sold for over MSRP for early allocations, then MSRP for late allocations, then used ones sold for under MSRP pre-Covid. Also BaT had a much different reputation pre-Covid. It was known as a site where you could get easy sales, but generally you'd noticeably underperform the market versus selling at a dealer. During Covid, BaT blew up to be some market setting auction platform.
obbob is spot on with 991.2. 992 GT3s and particularly the RS are still going for well over MSRP. Porsche increased GT3 production but it’s still well under demand.
The suv market is crashing. I sold a Lexus GX for $22K at a time when others were asking $28K for the same vehicle. 8 months later the dealership still has my GX, asking $24K (down from $30K)
All the hand wringing about ‘high’ interest rates. Many buyers are too young to know that this is more normal. 2008-2021 was a huge anomaly. Prices are still dropping. All the good quality used cars had been sold. Then the barely acceptable. Once we got to the crap selling marked up you knew the end was nigh. Dealers and collectors now have upside down cars and still haven’t dropped prices. There’s a bigger correction coming still. (Exact same thing is going on in the watch market).
Interesting... as I shop for a pre-owned Panamera e-Hybrid, all I see are insanely high prices (here in Canada). Even the Taycan CT and ST are crazy expensive for a two-year-old model! Not even much of a discount from MSRP, to be honest. Maybe prices are more reasonable outside Canada, but here, yikes, no deals are to be found.
Uhhh, ok. first of all, when you said "Is this a $40K car?" And answered "uhhhh, I don't know...", You damn well do know. It's NOT!! LOL Secondly, those wheels scream out V6 Mustang from Hertz rental fleet compared to the GT from let's say, SixT.. In fact, it's like the 4cyl model '85 'Stang vs the V6. That being said, I do in fact love everything else about it for an "aged" Porsche!! Thirdly, great video, you definitely know your S!! I will keep following for sure
Yes the market is re-balancing post Pandemic, “When The Tide Goes Out You See Who’s Been Swimming Naked” Warren Buffet, I’ve bought and sold too many cars in the last 40 years (I’m not a dealer) I’ve never seen anything like this car market although as said it’s coming back down to earth!
Do you think there will be deals on new cars too? I'm the UK and pre-pandemic you could sometimes get a discount on new cars or a big discount on ex demo with next to no miles.. then things changed and for an Audi RS3 for instance you would be looking 10K over RP for even a used one. I'm on the verge of buying a new RS3 now and thinking if it's worth holding off a bit on the hope prices may change on new/nearly new?
I hope they bring back the OG carerras T (which would probably be a cayman T becuase of how prohibitively expensive even new cayman and boxers are now)
I'm looking to buy a 992 Carrera T 7-speed. I won't pay sticker, and don't mind a slightly used but excellent example. I hope it goes down in price....
Ok. So the ridiculous market conditions that led to the higher prices has now changed. There are no special deals here. Just market normalisation. Beautiful cars though. Would love one.
Whole video was was too positive about the situation. "Look, cars are getting mildly closer to the standard MSRP prices they were listed at (but weren't selling at) 4 years ago!" They still have a long, long way to drop.
Nice hat. Have you seen the rack that goes on the dash? No way your driving with it on. Love my Porsches 992.2 S(lots of mods) and Mint all original 1985.
Most long term Porsche people have always been driver focused. It's the Italian crew and flippers in this case that brag about low miles. The dirtiest 911 has the best stories anyway. As far as value, more people are learning that a well maintained higher millage modern car is worth more than a garage queen.
Several billion dollars given to thousands of small and medium business owners without any tax liability. That’s the catalyst behind the 2021 price explosion on all things high performance. You could see it in the buyers giddy faces at Mecum as they spent the free money. Now it’s 2024 and the bubble has burst which was obvious at the Kissimmee auction
Only car flippers and those with outrageous payments are screwed. I own all of my cars. And each car is worth a car. The dollar value is irrelevant to me. I never sell my cars, just add to collection. Sounds like next time I add to the fleet it'll be a little easier on the wallet. Great news.
Anything pre Plannedemic was cheap, Euro, American, German cars. Facts!!! 987 Base Caymans were selling for $15k and S models for $20k with good miles . Boxster 986's Cheap, I picked up a one owner 61k mile manual for $5,500, 996 911's Base and Carrera S $13-$20k 1999-2001, 997 GT3's, $72k-$85k Now? Ridiculous still. Only ones dropping in price are the bigger fatter wider 991-992's have dropped. 981 Caymans, ridiculous prices, before the plannedemic a base 981 $32k 981S $39k, now look at them, still 3 plus years later still much higher than that. 🤦
Thoughts on the car market in 2024?
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I love it when people say things like “look at this 6 year old car that is now selling for the original MSRP, I told you the market was crashing” LOL
😂😂😂 thought it was cap but that’s pretty accurate
witch model are you talking about
I own a Porsche and enjoy driving it. It's not about flipping a Porsche, it's about driving it.
A friend told me he dont want to add milage. Smh
@@jahudini That makes sense....
Amen !!!
@jahudini Your friend spent more money than he's comfortable with and wanted a status symbol not a car he's a genuine moron
How do I get one :( I am 22, dreaming of owning a 997.2 or the ones after it one day...
If I had a dollar for every time someone said the sports car market is crashing, I could afford one…plus Canada still hasn’t got the message.
Yea all click bait bs
Why would you buy a $150K-$200K car and not drive it?!?! Crazy
Status symbol, they wanna be the guy who drives a 200k car but they can't afford it so they garage queen it
People who buy it outside of their comfort zone. They may be able to “afford it” no problem. But in their mind, it’s “too nice of a car to get wet in the rain, put miles on etc” so they don’t drive it. I don’t think it’s about affording it, it’s about being mentally comfortable driving something so expensive and wanting to “baby” it
@amac8487 Fair point, though in my experience, it's the maintenance and especially depreciation of cars value that causes these cars to never see track and collect dust
@@venoxee4954 Yeah, I mean depreciation is definitely a thing, but I think people blow that out of proportion as well. Once you factor in insurance, gas, maintenance, and start to calculate the cost per each mile, people would be a little more aware that they need to drive their car. I think the "track" issue is that most are just scared to go because they never have and don't know how/where to start. That a whole other story. The thing with maintenance; whether you put 500 miles or 20k miles on every 2 years, the bigger services still need to be done. Every year need an oil change, whether 1 mile or 10k miles. It needs to be done. I own a 718 and 992S. They cost me just as much to sit in my garage, unused, insured, as they do to use them.
Beanie Babies.
I worked for a Porsche dealership while I was in high school and quit when I started going to college this past summer. While I was there, we got a lot of new GT3's, GT4's, and just high specced cars in. We were one of the only dealerships that didn't charge over msrp on the GT cars, but I understand why dealerships would. Certain dealerships get a certain amount of cars, and if the dealer isn't in California, Texas, or Florida, majority of the time you have to wait a LONG time to get one. We got only 5 allocations a year for the 992 GT3, and there are more than 5 people who want them. That caused older models to get more expensive during the pandemic and there has been a surge of appreciation for the older models like the 997 and 996 in the past few years. I believe this is true primarily because of fact that it was harder to get the new cars and they made so "few" of them for what the demand was. I believe that the prices will dip a tiny amount, but I believe they will always be MSRP for the rest of our lives. Once the 911 switches to being a hybrid, which is supposedly coming for the 992.2 generation, I feel like the older cars will gain appreciation. Especially the 997's of all trims and the 991's. The new 992's have a lot of driver aid and are much easier to drive compared to the older ones and don't feel as connected to the road like the older ones did.
You worked for porsche and left to get a degree?
Fail.
@@shabbos-goy9407so if you’re a janitor at Porsche you should stay there and not get an education?😂…you do realise there’s more than just sales jobs at car dealerships right?😂…unless you’re telling me that Porsche is such a weak brand that a security guard, janitor, regular driver or the dudes that keep the cars clean can ascend to sales or managers. What damn job do you think a high school kid would get at a Porsche dealership?😂😂😂…really dawg?🤦🏿♂️
Can't agree with some of your comments. GT cars rarely sold for much less than msrp pre-covid. Maybe 3% off at the most! Also, Porsche is still making special/limited edition low volume cars today. They may not be numbered editions but the demand still outweighs supply. Porsche enthusiasts that can afford a GT3 or GT4RS aren't worried about interest rates.
so why are we all screwed? dont see the correlation with the title
Click bait
I just got an offer from my Porsche dealership to trade in my daily driver 718 2022 GTS 4.0. I’ve paid MSRP at a little > 100k when new, they offered 70k dls, granted I’ve put 27000 miles since new but still drives wonderfullyy, of course I’ll drive my Porsche until the wheels fall off.
I’ll drive it even after the wheels fall off
The government claimed that during the real estate boom, some mortgage companies used predatory practices with respect to giving out mortgage loans. Now, they should go after car dealers on behalf of car owners who found themselves up side down on their cars.
Why is the Corvette not going down? Used are about the same price as new still…
I watch the market daily, and the desirable models e.g. the 991 and 992 S models are not really going down. The 911 T models are still floating around $100k. The fact that Porsche is going to raise the MSRP on the new 992.2 is only going to drive used prices up. I think anyone looking for a 911 better grab one soon. The other models you mentioned are not enthusiast cars (Taycan, Cayenne, Macan, Panamera) and yes those are dropping like stones. I feel bad for Taycan owners as all electric cars are taking a hit this year.
IMO the 991 and 992 prices are still going to drop some more.
100% agree. I’ve been 991.2 shopping for more than six months, patiently waiting for the prices to start coming down. It’s not happening. In fact, in the last month alone supply seems to have dwindled and prices have stabilized, or in some cases even bumped back UP a tad depending on where in the country you’re looking and what specific model you’re shopping. Good luck finding a 2017 991.2 CPO C4 GTS with less than 30k miles for under 130k. A 2017 CPO C4S with under 30k miles and a modest options package will still set you back 115k easily. Point being, a 911 is NOT the same bird as a Cayenne, Panamera, or Taycan. And a GT3 with an MSRP of 180k that sold used for 250k a year ago but is now selling for 200k is NOT depreciation people! As atrocious as the US economy already is, and with the potential for it to get significantly worse in 2024, there are still more individuals out there with cash in hand than there are 911s to be had. Pretty simple supply and demand. I sincerely hope I’m wrong as I’d much rather spend 100k on a 30k mile 991.2 CPO C4 GTS than 130k+.
GT3’s did not sit on the lots or sell for a discount before the pandemic….
944 prices are going through the roof still! its probably not relevant but i still want a 944 !!
I feel you, love the 80's style
928 is better
Endless money pits
944 was my first Porsche - Guards Red - bought new in 1984. Had to wait months for it to show up. Kept it until 2001 - sold it to a friend. Never had a bit of mechanical problems. Go get one - they drive wonderfully.
Glad it is dropping. Continue to drop so I can get mine sooner 🎉.
Bought a few Porsche’s over the last few years, a 911 and Panamera - these cars are to drive, forget about the resale, just drive it and smile
in which market.not seeing the drop in the US.
944 turbo underrated. Sub 3000lb, manual, Fuchs. Perfect weight distribution. Brembo brakes, and you can access the engine and suspension and work on it…. All for a fraction of the price.
Don’t tell them!!!!
My man, the market ain’t crashing it just coming back to earth
I still want a Panamera, and dammit, I will make it happen. Thanks for the motivation.
Lets make it happen!
I think part of it is that people realized that the 992 GT3 is not a good daily driver. Most were never taking it to the track and way too harsh suspension, so folks got rid of it. Also a lot of dealers were speculating on them as well getting allocations and selling as "used" with delivery miles.
Finally someone speak of this. Everyone wants it just to show off. Might as well buy a 992 and throw the kit on it so you got both of best world
@@PANEHYBRID looking at buying a kit for my future 992 carrera 4s at the moment. gt3 kit for total 30k. Beautiful.
@@hfxtradingit isn’t 30k more like 4-5k for a full kit. Paint cost like 1k.
Love all these clickbait videos to make everyone think the world is coming to an end by the video title 😂
Wow. $140,000 car that’s unattainable to 95% of Americans just appreciate it down to 90,000 which is on attainable to 95% of Americans. This is game changer.
Finally a sensible video on used Porsches. 👏 👏 btw I saved a ton of cash on my Taycan CS TS (170km on the clock and 50k knocked off) because some speculator messed up lol 😜
You're missing an important data point. During the pandemic, upper income earners who were heavily invested in crypto and tech stocks were seeing record high prices which translated into more disposable income to purchase toys. This additional money available for buyers allowed for more competition to purchase these limited models also contributing to higher prices.
This was also affected the prices of boats, motorcycles and off road toys like side by sides. The dealer markups were completely insane during the pandemic and people were happily paying it.
I had an M8 competition come in a few weeks ago with minor flood damage. Insurance totaled car out. It’s a 2022 with 8k. He paid 151k for it. Insurance gave him 80. No gap insurance. Dam homie
💯 the Porsche 911 market is not “crashing“, it is slowly reverting back to the mean. There’s a big difference with word choice when it comes to describing these markets.
Granted, I do agree that the prices that were extremely inflated for certain special models was out of range for many buyers, but that does not affect all buyers. Though many people get upset at dealerships for the ADM, that’s the free market economy at work.
I remember when MK4 Supra Twin Turbos were selling for $10k in 2000. I said, nah I’ll pass. Now I’m kicking myself. 😂
In 2000, my friend sold a mint e30 m3 with 55k for $10.5k and a merc 190e 2.3 16 for $12k.
They've been saying the crash is comming for decades. Giveit a rest. It'd just click bait
I've never seen a GT3 sitting on the dealer lot for months pre pandemic.. never even heard of it been then.
This guy does not know what he's talkting about I have never seen a GT3 ever sell below sticker new. Hes obviously never tried to buy a new GT car.
Can someone tell me what the name of that website he used to look up the Porsche's history market value????
Been looking at getting a 991.2 GT3. The prices in the US are still well above 150k. Not seeing that decline many are talking about
992.911 cares are not going down. They are charging 200k for GTS and 140k for base model Carreras
I sold my 991 in '22 because the prices were just silly. There is no substitute, hope the market keeps trending back towards pre-pandemic.
I dont know what you're talking about. I just paid about 300k for a 992 gt3 touring manual. It's msrp was about 235k so it was well optioned but still, these cars are not dropping like you say
GREAT VIDEO... Got a 2007 Cayman S , bought at Brumos 2010 w 42k on the odo... Silver, Terracotta leather, Carbon... Added Headers, gt3 manifold, flashed the chip, light weight FG flywheel, machined aluminum short throw shifter, Bilstein R9 shocks, 19" Porsche turbo wheels... Hurley Haywood driver training came with the car up in Jacksonville... 365hp... 0-60 about 4 flat... Currently at 479,000 miles... Oil CHG every 5-6 k... Original engine never opened up. Best car I've ever had... Great video... Look forward to those more realistic prices on some fantastic used Porsches a little further on up the road...😊 Will be doing a video when I hit half million miles... Thanks, John Russell
479k miles?! That’s awesome. I have a 19 718 Cayman so don’t think the turbo will have that type of longevity but if i can get to 250-300k that would cool. Although cost to repair it might outweigh keeping it that long.
One day I wish to have a high mileage cayman I’m looking at the 981 though
What model are you referring to your thumbnail shows a Cayman but they certainly haven’t crashed here in Australia?
Awesome video for enthusiasts! I’ve got a Shelby GT500 Heritage Edition and have 7000 miles already of blissful driving. Z06 finally coming soon @ MSRP. GT3 Touring is my next target. Just subscribed. Well done!
Right on about buying a car you love to drive!
You got that right!
Where are you guys usually driving around? Maybe I'll be lucky and get to see you guys before I leave Washington state (currently at JBLM)
Avants car club recently had a meeting, few Porsche were there.
The market is falling but you're way off on brand new 991.2 GT3 selling for $30K under sticker. New ones sold for over MSRP for early allocations, then MSRP for late allocations, then used ones sold for under MSRP pre-Covid.
Also BaT had a much different reputation pre-Covid. It was known as a site where you could get easy sales, but generally you'd noticeably underperform the market versus selling at a dealer. During Covid, BaT blew up to be some market setting auction platform.
obbob is spot on with 991.2. 992 GT3s and particularly the RS are still going for well over MSRP. Porsche increased GT3 production but it’s still well under demand.
Love your content , please make a video on Audi S8’s!!!
Love it Brad, always love your contents...especially since I'm a Porsche Enthusiast and Kit car builder/designer.
Your're killin it my man!
Very good video, I enjoyed watching this. Also, your C4S was a steal.
Well done. You are a natural. Keep going. We are seeing much the same in the UK.
The suv market is crashing. I sold a Lexus GX for $22K at a time when others were asking $28K for the same vehicle. 8 months later the dealership still has my GX, asking $24K (down from $30K)
Great video
Prices are returning to normal levels from the 21/22 craziness, NOT crashing. LOL, you're delusiona
This video is ridiculous
All the hand wringing about ‘high’ interest rates. Many buyers are too young to know that this is more normal. 2008-2021 was a huge anomaly. Prices are still dropping. All the good quality used cars had been sold. Then the barely acceptable. Once we got to the crap selling marked up you knew the end was nigh.
Dealers and collectors now have upside down cars and still haven’t dropped prices. There’s a bigger correction coming still. (Exact same thing is going on in the watch market).
Interesting... as I shop for a pre-owned Panamera e-Hybrid, all I see are insanely high prices (here in Canada). Even the Taycan CT and ST are crazy expensive for a two-year-old model!
Not even much of a discount from MSRP, to be honest.
Maybe prices are more reasonable outside Canada, but here, yikes, no deals are to be found.
nice video
Porsches are to be DRIVEN! Anything else is a crime.
Uhhh, ok. first of all, when you said "Is this a $40K car?" And answered "uhhhh, I don't know...", You damn well do know. It's NOT!! LOL Secondly, those wheels scream out V6 Mustang from Hertz rental fleet compared to the GT from let's say, SixT.. In fact, it's like the 4cyl model '85 'Stang vs the V6. That being said, I do in fact love everything else about it for an "aged" Porsche!! Thirdly, great video, you definitely know your S!! I will keep following for sure
great video
I got the tesla plaid brand new at 89k previous year was around 130k
Yes the market is re-balancing post Pandemic, “When The Tide Goes Out You See Who’s Been Swimming Naked” Warren Buffet, I’ve bought and sold too many cars in the last 40 years (I’m not a dealer) I’ve never seen anything like this car market although as said it’s coming back down to earth!
Great video!!! Thanks for the tips!
Do you think there will be deals on new cars too? I'm the UK and pre-pandemic you could sometimes get a discount on new cars or a big discount on ex demo with next to no miles.. then things changed and for an Audi RS3 for instance you would be looking 10K over RP for even a used one. I'm on the verge of buying a new RS3 now and thinking if it's worth holding off a bit on the hope prices may change on new/nearly new?
I hope they bring back the OG carerras T (which would probably be a cayman T becuase of how prohibitively expensive even new cayman and boxers are now)
I'm looking to buy a 992 Carrera T 7-speed. I won't pay sticker, and don't mind a slightly used but excellent example. I hope it goes down in price....
Where do we buy the Cheaper cars? Not seeing it
Excellent presentation
Sorry ti bust your bubble, but my 2023 Spyder is still going up in value. And I drive it every day. Having it both ways!
What website is this that you can check market prices?
❤ Best video so far explaining
So what model year 911 can I purchase, not get ripped off, and still enjoy? To me, that's the real question.
Ok. So the ridiculous market conditions that led to the higher prices has now changed.
There are no special deals here. Just market normalisation.
Beautiful cars though. Would love one.
Whole video was was too positive about the situation. "Look, cars are getting mildly closer to the standard MSRP prices they were listed at (but weren't selling at) 4 years ago!" They still have a long, long way to drop.
Was that clip of a Lamborghini going into the crusher real? That was shocking.
Excellent video. Thank you. I'm between 911's right now, but my time is coming soon.
Tbh I would love to go from my civic SI to a higher tier sports car. But, everything seems to be upsold in recent years.
true i just want a good deal on a car
Get an Elantra N for $33k. Seems like the logical “step up” from an SI considering a Type R is double that.
Used a handful of cars to try to.drive down the market. Hahah
Do these car prices include VAT?
Nice hat. Have you seen the rack that goes on the dash? No way your driving with it on. Love my Porsches 992.2 S(lots of mods) and Mint all original 1985.
Who has the money and stupidity too buy a car for 100 grand more than what it sold for originally
Most long term Porsche people have always been driver focused. It's the Italian crew and flippers in this case that brag about low miles. The dirtiest 911 has the best stories anyway. As far as value, more people are learning that a well maintained higher millage modern car is worth more than a garage queen.
Now all those loans are underwater 😂
Several billion dollars given to thousands of small and medium business owners without any tax liability. That’s the catalyst behind the 2021 price explosion on all things high performance. You could see it in the buyers giddy faces at Mecum as they spent the free money. Now it’s 2024 and the bubble has burst which was obvious at the Kissimmee auction
What site is he using for the price trends
918 was an investor dream🤬😡😤
You never know what you've bought until you go to try to sell it.
Not that I want a Porsche but, those 90’s Porsches were waaaaaaaaaaaaaaaaayyyyyyyyyy too high
not in Europe though
Am I wrong but didn’t you also have a lifted 911?
87% off? Lmao what a joke
These numbers are bullshit. Expect for the Taycan I’ll say that thing is a paper weight that weighs 6,000 pounds.
A 911 by any other name is still a 911
Only car flippers and those with outrageous payments are screwed. I own all of my cars. And each car is worth a car. The dollar value is irrelevant to me. I never sell my cars, just add to collection. Sounds like next time I add to the fleet it'll be a little easier on the wallet. Great news.
I can't wait to get mine
Best Buy no longer selling cd in store is the cause
The car markets are tanking because the rates are way too high… people don’t want EV’s and those are the only way you get a rebate
We need more C4S content Brad. Pronto.
I drive my Cayman every chance I get. Even during winter!
GT4?
I hope customers remember all the dealerships who tried to screw them with all the absurd ADMs. So glad the market has normalized.
gt cars still super expensive
Where's Squid!?
Anything pre Plannedemic was cheap, Euro, American, German cars. Facts!!! 987 Base Caymans were selling for $15k and S models for $20k with good miles . Boxster 986's Cheap, I picked up a one owner 61k mile manual for $5,500, 996 911's Base and Carrera S $13-$20k 1999-2001, 997 GT3's, $72k-$85k
Now? Ridiculous still. Only ones dropping in price are the bigger fatter wider 991-992's have dropped. 981 Caymans, ridiculous prices, before the plannedemic a base 981 $32k 981S $39k, now look at them, still 3 plus years later still much higher than that. 🤦
Find me a 911 50 at a 87% discount and I'll buy it today.........
"We're All SCREWED" , no, some of us are buyers, not sellers. lol
Great news!
Mustang ecoboost has a price of 100k USD new or 70k used where i live, Let’s hope it drops by 90% next decade☠️
When all those cars look the same where did you think it was going??
Thank God
Now is the time to buy all gens GT3. Prices down and spring is a few months away
Not down at all….😅😅