Climbing Prices for 964

[si Banker]

Doe anyone out their have an explanation for the jump in values on 964 and RS Americas in the last 6 months. I have seen 911 SC selling in the mid twenties that were selling last year for $12,000 to $16000.

I have seen RS Americas listed for sale for $150,000. and $176,000. I do not know what they sold for but the prices are crazy. Granted the cars had very low miles and you would assume in excellent condition.

I would like to hear some other opinions. Maybe a Singer is not that bad of a deal, just kidding.

[KNS]

Visit the Marketplace forum, a lot of discussion over there about the crazy run-up in prices. I'd be surprised if the climb in prices can continue. I'd don't know if there is a bubble forming or not but something has got to give.

[iamtheari]

It does make me tempted to sell my 964 and get an airplane until the market readjusts and I can get another 964. It could just be that the 964 is gaining standing in the market. It was kind of a red-headed stepchild for a while, unpopular because of rumored problems with the lack of a head gasket, with the AWD system, and so on. In reality, it's a great 911 like those that came before it, but with more horsepower and at least a 50/50 shot of having working A/C, and it was only a matter of time before the market figured this out.

[si Banker]

What bothers me is when you have people buying cars only for the purpose of reselling at a greater price. When ever you see prices go up fast they can drop even faster

[Vandit]

Lots of Magnus Walker, Rauh Welt Begriff, and Singer Vehicle Design air-cooled features, lots /DRIVE channel air-cooled 911 videos, lots of stance kids growing up and selling their Volkwagens and jumping over to more affordable air-cooled cars (i.e. the 964 market a couple years ago), every online automotive blog doing a "I drove an air-cooled 911 and 'I get it'" write-up, etc. The past couple of years, including the whole 911_50 coverage, have been a massive hype machine for the 911, and it's showing in the asking prices.

[JV911SYDNEY]

Relatively small supply of cars which is shrinking (they're not making any more!) and increasing demand. Quite simple really.

They were never produced in huge numbers and over time have been crashed, bastardised or rusted into oblivion.

[Nico911]

Well, stock market sucks (and always will...), so I guess people try to make money out of speculate with desirable sports cars. Adding to this is the fact that owning a classic car is trendy nowadays (not sure why) and people who were growing up in the '80s can now afford the car they've been dreaming of for the past 20 years ! All this pushes the demand, and the prices.

My 2 cents.

[creaturecat]

If people in N America are waiting for prices to recede, they will be waiting a long time.
The good cars will end up back in Germany, where people car afford such extravagances.

[Rey Gunn]

Originally Posted by Vandit

Lots of Magnus Walker, Rauh Welt Begriff, and Singer Vehicle Design air-cooled features, lots /DRIVE channel air-cooled 911 videos, lots of stance kids growing up and selling their Volkwagens and jumping over to more affordable air-cooled cars (i.e. the 964 market a couple years ago), every online automotive blog doing a "I drove an air-cooled 911 and 'I get it'" write-up, etc. The past couple of years, including the whole 911_50 coverage, have been a massive hype machine for the 911, and it's showing in the asking prices.

This!

[nine11speedster]

i agree with your observation regarding the price climb. I also believe that we will see an even bigger increase particularly in the 964 C4 - the C4 is the first mass (or i shouldn't say mass) production 4 wheel drive in the Porsche line up (the 959 technology was put into the 89 C4 and became available to the general public). I believe that with the 964 price raise, it will certainly lead to the hard-core enthusiast's attention at the C4.
Just my $0.2

[si Banker]

What I can not believe are the prices I see being asked for 964 RS America's. There is nothing that special about the car. When you compare it to a 1973-73 RS. There was a great deal of difference between the RS and a standard 911.

[964Carrera4]

I feel that it all started with the 50th anniversary of the 911 last year and then lots of press and public interest in SINGER's 964 creations have really helped to push up the prices on ALL of the nicer 964s. Typical supply and demand scenario.

I feel very, very fortunate that I bought my current C4 cab last year, before the prices really started going nuts.

Don't want to spend $500K on a Singer? Then buy a very nice 964 for $50K, while you still can...

PS: Mine is not for sale.

[moandrice]

Originally Posted by si Banker

Doe anyone out their have an explanation for the jump in values on 964 and RS Americas in the last 6 months. I have seen 911 SC selling in the mid twenties that were selling last year for $12,000 to $16000.

I have seen RS Americas listed for sale for $150,000. and $176,000. I do not know what they sold for but the prices are crazy. Granted the cars had very low miles and you would assume in excellent condition.

I would like to hear some other opinions. Maybe a Singer is not that bad of a deal, just kidding.

banker, great name by the way for the topic...

anyway, i thought about this a lot as i have been watching 964 sales for a buddy; he loves my 90 C4 and has the itch too.

by no means am i an economics major but supply and demand has got to be the cause. And not for 964s but for the entire air cooled era. a few years back i recall seeing 930s for today's 964 prices; today 930s are easily double. i should've grabbed my dream car back then - oh well.

but who is demanding the supply? i think it is merely guys (and gals) like us that seek that nostalgia within our car world. with cars that have more computer power than an atari driving/parking themselves and the eminent death of interactive car ownership (rowing gears or bleeding brakes), i think it's natural that a classic and organic 911 would seem right. Now tell us that fewer good cars are out there (or make it appear that way) and we will push each other out of the way to grab them up. to make matters worse, speculators will capitalize on our love for a great car. Remember the $500K (usd) 1970 hemi superbird? basically a few rich guys seeking nostalgia rather than the world's truly ultimate car. just my 2 cents...

anyone with a $25K 930 in great shape?

[efhughes3]

Originally Posted by creaturecat

If people in N America are waiting for prices to recede, they will be waiting a long time.
The good cars will end up back in Germany, where people car afford such extravagances.

I think there are plenty of people in the US that can afford cars to play with.

There's just been an exchange rate that has made it attractive for people in Europe to import US cars.

[efhughes3]

Originally Posted by si Banker

What I can not believe are the prices I see being asked for 964 RS America's. There is nothing that special about the car. When you compare it to a 1973-73 RS. There was a great deal of difference between the RS and a standard 911.

Jay-There's not much sense in any of this. I think when you see the crazy pricing on 73RS's and other special cars, then the rising tide floats all boats-even standard issue longhoods, SC's, Carreras, 964's and 993's. You get to a lower number car like the RS America, and wham-they get a bigger premium. I do wonder what all these cars sell for.

[creaturecat]

Originally Posted by efhughes3

I think there are plenty of people in the US that can afford cars to play with.

There's just been an exchange rate that has made it attractive for people in Europe to import US cars.

Did you actually read the first line of my post?
The first line provided the context.
No kidding. There are plenty of people in the US that can afford cars "cars to play with". Whatever that means.

[efhughes3]

You didn't imply context of anything except that Europeans can afford these cars. Implication being that is different than people in the US.

Quote de efhughes3

I think there are plenty of people in the US that can afford cars to play with.



There's just been an exchange rate that has made it attractive for people in Europe to import US cars.

Did you actually read the first line of my post?

The first line provided the context.

No kidding. There are plenty of people in the US that can afford cars "cars to play with". Whatever that means.

[JordanPryce]

Every time I take the RSA out, someone tries to buy it. I can't tell you the number of times I've been told "when you're ready, I'll pay more than anyone else"

[Alan Goettel]

I have an RS America and a 92 C4 that I thought I bought for parts. I like the trend, and its probably time to sell the RSA. However much its worth, its too much (for me) to risk on the track anymore.

The best feature on the RSA is the manual rack. If I raced it would be a handful on slicks, as is was a workout lapping on a tight track, but on back-road blasts its pure sweet. Many RSAs were turned into track cars. The money is in stock / original.
The early 90s were lean times for Porsche, the cars were expensive, and production was down. Its about numbers.

964s are the last of the hand builts. They look and feel old school 911, with coilovers.

I would love to know if/what those crazy RSAs sell for. I know of a nice GP, 80K miles one that sold recently in CT for $80,000. They were looking to get $65,000, but went for 80 and got it

[si Banker]

There were 700 built and I believe that the RSA registry has approx 425 members. The rest the RSAs have been destroyed in traffic accidents or racing. Many of the existing RSA have been dedicated "Track Cars" for a number of years and would need a complete restoration to bring one up to acceptable condition. I believe that there not that many good solid RSAs out there when you factor out the ones that are part of a collection and will never go on the market.

The sad part is that they are getting to valuable to drive and enjoy. The problem is if you were to sell your what would you replace it with.