Current state of the P-car market

[richde]

Yeah, it's not technical, but that forum doesn't get much traffic.


When it comes to the market for SCs and Carreras, I'm getting the feeling it's a buyer's market. Auctions on Ebay going without the reserve being met, seemingly good cars sitting in the used car section for a while...etc. I see what people are asking for their cars, but what they actually go for is a mystery.

Possibly fueled by the stock market and general economy woes. You tell me.


Has around $15K become the right price for a good '84?

[kilodawg]

All I can say is that I sold my '84 using the classified section here for north of $15K to another board member in less than a day....So I think a lot depends on the specific situation.

[richde]

Originally Posted by kilodawg

All I can say is that I sold my '84 using the classified section here for north of $15K to another board member in less than a day....So I think a lot depends on the specific situation.

Yeah....well, I wouldn't call your ex-car "good" either. That would be an insult. It looked new and that sort of cleanliness in a 23 year old car speaks volumes for it's overall condition. Plus it had lower mileage, but not too low.

Talking about the average "good" car. A few paint chips, slightly worn interior, etc. but overall perfect running condition.

[Noel]

My impression is that a lot of these cars were not bought with savings but with Home Equity loans/ Home appreciation money. As such, I feel there will be less demand in the next few years, with the source of these funds drying up. However, this may be offset by there being a bigger price differential between poor and excellent examples since there are less of these cars around every year.

[rgdalacrity]

The KBB seems to be 10-20% lower than most asking prices. I think if you cite this difference in negotiating, you might get a good deal. I am looking at two cars right now, one for 35k and the other for 50k (92 and 98.) I will low-ball to the tune of 20% and go from there. The present real estate market is flushing the spendthrifts out and leaving some potential good deals for us responsible people.

[dw1]

There are also seasonal effects. Here in the northeast, we had snow today. The P-car sits under its cover in the garage, waiting...

It will be interesting to re-assess the market when spring arrives and thoughts turn to....

[84CarreraSC]

I just bought my 84' for 15,500. 70,000 miles, great condition.