How does the 911 bubble work?

[Shaun @ Tru6]

I've been pondering this recently. I understand the longhood bubble. That makes sense to me. Same with the Turbo bubble.

And I understand how those prices would trickle down a little to NA impact bumper cars, but not in the way they have.

Who is spending $25K to $30K on an SC? Who is the buyer? How many of them are there? Are they happy with their purchase after the fact?

This especially applies to midyear cars and to average 915 Carreras.

Puzzled how this works.

[pete3799]

Not sure how it works either Shaun. I think it goes something like this:
Take your purchase price from 6 years ago and multiply by 87.

[Westy]

The bubble increases exponentially each week until I sell mine. Then it gets some common sense.

[aigel]

I was wondering the same thing. I mean, my SC was a cool toy, but it wasn't a $25k car, leave alone anything over that.

My question right now is how a 993 can still be a $40k car if an SC is $25? It used to be at least 2.5 if not 3x! Not that I want my 993 to become part of this ... I'd rather not!

G

[look 171]

What turbo bubble? I have never really looked, but did looked at it a couple of months ago and some sold for 75k and they used to be 50k cars all day long, clean ones . 200k is a bubble, not 75?

[DanielDudley]

How it works is that some people are pretty well off in this economy, and they are looking for things to buy that are not growing on trees. As long as those people are doing well, this is not a bubble.

[afterburn 549]

I am going to guess...There are those that pant after a cheap 911. (cheap at first ) LOL
Those that trade, Stepping stones to the better one .
The ones that trade all the time looking to make 5 bucks.
the collectors...hoping to find a killer deal...looking at the world market.
Then the rest of us.
We are on the fence between a Cayman and another 911.
30K is 30 k, but what will make you /me the most happy ?
I have a feeling the Cayman is going to be the dark horse .

[Westy]

Apparently when you're 6'3 with a little bit of a paunch, the Cayman and Boxter aren't a consideration. Which is a shame, the C is a cool looking little car! But I think a more modern 996 will suit me nicely and there's no bubble to deal with.

[onewhippedpuppy]

In the world of classic cars, $25k is pocket change. Yes, an SC is a classic. Muscle cars, which are mediocre cars by most standards, are in many cases $100k+. What provides the same experience and look for $25k? In some ways they are a bargain.

[afterburn 549]

I think as a whole the basic 911 will stay stable right where it is at for a while.Price wise .
In watching other "toys", the market is soft soft soft for most play things.

[Noah930]

Originally Posted by aigel

My question right now is how a 993 can still be a $40k car if an SC is $25? It used to be at least 2.5 if not 3x! Not that I want my 993 to become part of this ... I'd rather not!

G

The only 993s that are $40K are cabriolets. Coupes in decent condition are $50-60K cars.

[Noah930]

Originally Posted by look 171

What turbo bubble? I have never really looked, but did looked at it a couple of months ago and some sold for 75k and they used to be 50k cars all day long, clean ones . 200k is a bubble, not 75?

There are a couple valuation threads on the turbo forum. There have been a couple 930s that have sold recently at auction for $200-300K. Haggerty's valuation guide released a couple months ago claimed a grade 3 car to be worth about $100K.

[aigel]

Lots of dealer coupes at 50k up here. It is not a whole lot more than what they used to be. Maybe 20% more?

Zero 993 from private parties though ...

Time to switch insurance to declared value I guess!

[look 171]

Originally Posted by Noah930

There are a couple valuation threads on the turbo forum. There have been a couple 930s that have sold recently at auction for $200-300K. Haggerty's valuation guide released a couple months ago claimed a grade 3 car to be worth about $100K.

Holy smokes man 100k, what's a grade 3 car?

[look 171]

Originally Posted by Noah930

There are a couple valuation threads on the turbo forum. There have been a couple 930s that have sold recently at auction for $200-300K. Haggerty's valuation guide released a couple months ago claimed a grade 3 car to be worth about $100K.

Hey you used to daily drive yours, right? I might have seen your car at the new years drive a few years back. Its really clean and there aren't too many blue 930s out. What do you think your 930's worth? I have a an 88 930 cab with 45k miles and a hot motor. Other then that, its pretty damn clean. It fun to find out what I have here, not that I will ever sell it.

[porsche4life]

He still turns idiots like me loose with it on occasion. Glad they hadn't started going as crazy then. Not sure I could drive it now....

[sc_rufctr]

This "bubble" is becoming a real problem. The only affordable cars locally are modified rubbish.

Anything half decent is snapped up before you know it and often without even being advertised. Just word of mouth get's inquiries.

[Bill Douglas]

Probably a Karmann Ghia has gone up by a lot bigger percentage. Especially a cabriolet.

[slodave]

Originally Posted by look 171

Hey you used to daily drive yours, right? I might have seen your car at the new years drive a few years back. Its really clean and there aren't too many blue 930s out. What do you think your 930's worth? I have a an 88 930 cab with 45k miles and a hot motor. Other then that, its pretty damn clean. It fun to find out what I have here, not that I will ever sell it.

Shhhh!!!!! Don't make him think on that! I'm using his Turbo rims right now - kinda on permanent loan.

[sc_rufctr]

Originally Posted by Bill Douglas

Probably a Karmann Ghia has gone up by a lot bigger percentage. Especially a cabriolet.

Good luck finding a decent one in Aus.