Pelican Parts
Parts Catalog Accessories Catalog How To Articles Tech Forums
Call Pelican Parts at 888-280-7799
Shopping Cart Cart | Project List | Order Status | Help



Go Back   Pelican Parts Forums > Porsche Classified Ads > Porsche Marketplace Discussion


Reply
 
LinkBack Thread Tools Rate Thread
Author
Thread Post New Thread    Reply
Registered
 
Join Date: Apr 2003
Location: centennial,co
Posts: 399
Garage
Opinions on Covid and winter season values

Hey Guys,
I am considering letting go of a car. I have observed that COVID seems to have stabilized the value of Porsche’s and in some cars raised the values..
Everyone is working/sitting at home, saving a little more $ not traveling, and internet shopping.

This year being a odd Covid year do you think car values are going to be affected by the season?
I can’t say I am too anxious to sell...Covid has Certainly allowed me plenty of time to tinker...

__________________
2001 M5; 1988 Targa;1990 Miata; 1981 Row SC; 98 M Roadster

Last edited by nixtfy; 11-17-2020 at 12:00 PM..
Old 11-17-2020, 11:43 AM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #1 (permalink)
Registered
 
Join Date: Mar 2018
Posts: 194
I just sold my 116k mile 993 manual coupe that needed a top end for several grand more than I paid back in 2018. Iíve heard from several classic Porsche dealers that inventory is low right now as everyone is in a hold. So Iíd think youíd do pretty well to sell it now. Porsches are like precious metals during uncertain economic times. They just appreciate even more.
Old 11-17-2020, 01:00 PM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #2 (permalink)
Troll Hunter
 
Join Date: Apr 2013
Location: Hudson Valley
Posts: 3,943
Garage
Values seem to be up. People have a lot more time on their hands to shop, and the stock market is up again for the year. A good car will sell.
__________________
1978 SC Coupe, Gris Argent Metallic Silver
1974 2002 Tii Polaris Silver
1988 FJ62 Blue/Gray
Old 11-17-2020, 02:02 PM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #3 (permalink)
Registered
 
sugarwood's Avatar
 
Join Date: Apr 2014
Posts: 7,890
Garage
The longer the quarantine, the higher prices will go!
__________________
1986 Bosch Icon Wipers coupe.
Old 11-17-2020, 02:33 PM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #4 (permalink)
Registered
 
Join Date: Nov 2009
Location: Ashiya, Japan
Posts: 1,497
Garage
Quote:
Originally Posted by sugarwood View Post
I noticed your garage for the fist time sugarwood. You list your car as one, an 86 911 with 915 trans? Why do that when you can't bear to hear other cars listed with G-50 trans... Why would you do that? If everyone knows your car came standard with a 915, is it really necessary ??
__________________
911heaven
Old 11-18-2020, 05:10 AM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #5 (permalink)
Registered
 
Join Date: May 2015
Location: a town south of fresno
Posts: 1,339
careful bern, he might punch you in the face!...
__________________
1971 914-6 GT 3.6
1974 911
1976 911S leaf green backdate 3.2
Old 11-18-2020, 08:11 AM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #6 (permalink)
 
devalued member
 
juanbenae's Avatar
 
Join Date: Feb 2002
Location: Twain Harte Ca
Posts: 11,848
Garage
Quote:
Originally Posted by 911heaven View Post
I noticed your garage for the fist time sugarwood. You list your car as one, an 86 911 with 915 trans? Why do that when you can't bear to hear other cars listed with G-50 trans... Why would you do that? If everyone knows your car came standard with a 915, is it really necessary ??

oh snap! that's gunna leave a mark...
__________________
75S slick-lid webered, early n spicy 3.oL hotrod wanabe
78SC PRC Spec911 (sold 12/15) https://www.youtube.com/watch?v=f7I6HCCKrVQ
(build thread >) http://forums.pelicanparts.com/california-southwest-us-az-nv/443725-plunge.html
Old 11-18-2020, 10:09 AM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #7 (permalink)
Registered
 
sugarwood's Avatar
 
Join Date: Apr 2014
Posts: 7,890
Garage
Quote:
Originally Posted by 911heaven View Post
I noticed your garage for the fist time sugarwood. You list your car as one, an 86 911 with 915 trans? Why do that when you can't bear to hear other cars listed with G-50 trans... Why would you do that? If everyone knows your car came standard with a 915, is it really necessary ??
LOL! I'm glad someone got the joke.
It's a tongue and cheek satire of the 1987 G50 overuse.
__________________
1986 Bosch Icon Wipers coupe.
Old 11-19-2020, 01:45 PM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #8 (permalink)
Former Options Trader !!!
 
Join Date: Feb 2003
Location: Philadelphia
Posts: 6,714
The ease and cheaper expense to move cars around the country has taken a lot of the seasonality out of the market. I have sold some expensive cars recently with ease at good prices. The season and/or covid is not going to make a $50k car a $40k car. Might it be a little easier to sell a 911 in the spring? Sure their may be some additional buyers then but they're mostly going to be the tire kickers and hagglers.
__________________
Current:88 Guards Red Coupe, 89 Coupe Track Rat, 76 Caddy Eldo Convert. 2015 Aprilia Tuono
Wrecked 1987 Targa Guards Red, 2003 Ducati ST4S
Sold 1987 Granite Green Targa, 993's, 93 RSA, other 964 coupes, 89 911 Turbo Ruf mods, 90 e30 M3, 07 BMW R1200S STOLEN 94 Speedster
Old 11-19-2020, 02:18 PM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #9 (permalink)
Registered
 
Join Date: May 2015
Location: a town south of fresno
Posts: 1,339
Quote:
Originally Posted by juanbenae View Post
oh snap! that's gunna leave a mark...
best part is shug has so many of us on ignore that some of these discussions look totally different to him than everyone else...
__________________
1971 914-6 GT 3.6
1974 911
1976 911S leaf green backdate 3.2
Old 11-19-2020, 05:02 PM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #10 (permalink)
Registered
 
sugarwood's Avatar
 
Join Date: Apr 2014
Posts: 7,890
Garage
Quote:
Originally Posted by trader220 View Post
The ease and cheaper expense to move cars around the country has taken a lot of the seasonality out of the market. I have sold some expensive cars recently with ease at good prices. The season and/or covid is not going to make a $50k car a $40k car. Might it be a little easier to sell a 911 in the spring? Sure their may be some additional buyers then but they're mostly going to be the tire kickers and hagglers.
You may even get higher prices in the winter due to limited supply of people waiting for spring, as if they are selling a house. Buying a car now just means CLICK, SOLD. Adapt or perish.
__________________
1986 Bosch Icon Wipers coupe.
Old 11-19-2020, 05:25 PM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #11 (permalink)
gearhead
 
Join Date: Nov 2007
Location: Loverland, CO
Posts: 19,410
Sell it now. When the snow melts the recession will be full blown and people will be holding onto their cash.
__________________
1974 911 Restorod
1974 914 Bumble Bee
2004 40 Jahre
2008 Cayman S Mule
Old 11-19-2020, 05:33 PM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #12 (permalink)
Registered
 
creaturecat's Avatar
 
Join Date: Mar 2004
Location: Vancouver bc
Posts: 4,324
"not too anxious to sell" = keep it.
unless you make your living as a car flipper/dealer - understandably wanting peak dollar return on investment.
Old 11-20-2020, 10:02 AM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #13 (permalink)
Registered
 
Join Date: Aug 2003
Location: Archer County, TX
Posts: 547
Quote:
Originally Posted by Matt Monson View Post
Sell it now. When the snow melts the recession will be full blown and people will be holding onto their cash.
This
__________________
Richard

87 Targa
Old 12-03-2020, 05:02 AM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #14 (permalink)
Kind of Blue
 
MrBonus's Avatar
 
Join Date: Sep 2010
Location: Delaware
Posts: 1,482
Garage
Quote:
Originally Posted by Matt Monson View Post
Sell it now. When the snow melts the recession will be full blown and people will be holding onto their cash.
What specifically do you think will change between now and March?

Trying to time recessions and markets is as easy as catching a falling knife.

That said, if you're ready to sell, sell. Don't sit around trying to ponder when the market will reach its peak or trough.
__________________
1967 Lotus Elan Coupe
2019 Tesla Model 3 Performance
1973 Ford F100 4x4 Short Bed
Old 12-03-2020, 08:23 AM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #15 (permalink)
gearhead
 
Join Date: Nov 2007
Location: Loverland, CO
Posts: 19,410
Quote:
Originally Posted by MrBonus View Post
What specifically do you think will change between now and March?

Trying to time recessions and markets is as easy as catching a falling knife.

That said, if you're ready to sell, sell. Don't sit around trying to ponder when the market will reach its peak or trough.
The number of dead and hospitalized Americans and the number of failed businesses and defaulted mortgages and loans. The people currently money farming on Wall Street aren’t the buyers for a car like this. The real middle class economic metrics are hurting while the markets set records. We are in strange times.
__________________
1974 911 Restorod
1974 914 Bumble Bee
2004 40 Jahre
2008 Cayman S Mule
Old 12-03-2020, 10:04 AM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #16 (permalink)
Troll Hunter
 
Join Date: Apr 2013
Location: Hudson Valley
Posts: 3,943
Garage
Quote:
Originally Posted by Matt Monson View Post
The number of dead and hospitalized Americans and the number of failed businesses and defaulted mortgages and loans. The people currently money farming on Wall Street arenít the buyers for a car like this. The real middle class economic metrics are hurting while the markets set records. We are in strange times.
Hey Matt have you seen Idaho's 48% infection rate? Wonder if Vaive is still hawking the fake news headline?
__________________
1978 SC Coupe, Gris Argent Metallic Silver
1974 2002 Tii Polaris Silver
1988 FJ62 Blue/Gray
Old 12-03-2020, 01:17 PM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #17 (permalink)
Registered
 
Unobtanium-inc's Avatar
 
Join Date: Apr 2007
Location: Hudson Valley, New York
Posts: 3,822
Quote:
Originally Posted by Matt Monson View Post
Sell it now. When the snow melts the recession will be full blown and people will be holding onto their cash.
Historically this is the worst time of the year to sell a Porsche. We never sell anything between Nov-March. People tend to be more focused on the holidays and we used to always take a 15-20% hit during this period.

I would hold unless you really need the money.

---Adam
__________________
http://www.unobtanium-inc.com

356 Registry 17369
Early 911S Registry
912 Registry, PCA
Old 12-03-2020, 04:34 PM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #18 (permalink)
 
Registered
 
Join Date: Sep 2015
Location: NY
Posts: 2,949
Quote:
Originally Posted by MrBonus View Post
What specifically do you think will change between now and March?
Isnít he in Co?
I thought it was like Utah - snow through June.
Plenty of time for a recession to hit.
Old 12-03-2020, 09:07 PM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #19 (permalink)
Registered
 
Join Date: Sep 2015
Location: NY
Posts: 2,949
Quote:
Originally Posted by Unobtanium-inc View Post
Historically this is the worst time of the year to sell a Porsche. We never sell anything between Nov-March. People tend to be more focused on the holidays and we used to always take a 15-20% hit during this period.

I would hold unless you really need the money.

---Adam
I agree with you - under normal circumstances.

But looking at BAT it doesnít seem that the market is backing off. You could (easily) say thatís an outlier, but there are seemingly a lot of people sitting on $ they made this year bored out of their skulls looking for a new toy.

Old 12-03-2020, 09:12 PM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #20 (permalink)
Reply

Thread Tools
Rate This Thread
Rate This Thread:

 


All times are GMT -8. The time now is 04:06 AM.


 
Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2021, vBulletin Solutions, Inc.
Search Engine Optimization by vBSEO 3.6.0
Copyright 2020 Pelican Parts, LLC - Posts may be archived for display on the Pelican Parts Website -    DMCA Registered Agent Contact Page
 

DTO Garage Plus vBulletin Plugins by Drive Thru Online, Inc.