Opinions on Covid and winter season values

[nixtfy]

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...

[Kansas]

I just sold my 116k mile 993 manual coupe that needed a top end for several grand more than I paid back in 2018. I’ve heard from several classic Porsche dealers that inventory is low right now as everyone is in a hold. So I’d think you’d do pretty well to sell it now. Porsches are like precious metals during uncertain economic times. They just appreciate even more.

[NYNick]

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.

[sugarwood]

The longer the quarantine, the higher prices will go!

[911heaven]

Originally Posted by sugarwood

The longer the quarantine, the higher prices will go!

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 ??

[dwelle]

careful bern, he might punch you in the face!...

[juanbenae]

Originally Posted by 911heaven

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...

[sugarwood]

Originally Posted by 911heaven

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.

[trader220]

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.

[dwelle]

Originally Posted by juanbenae

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...

[sugarwood]

Originally Posted by trader220

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.

[Matt Monson]

Sell it now. When the snow melts the recession will be full blown and people will be holding onto their cash.

[creaturecat]

"not too anxious to sell" = keep it.
unless you make your living as a car flipper/dealer - understandably wanting peak dollar return on investment.

[cassisrot]

Originally Posted by Matt Monson

Sell it now. When the snow melts the recession will be full blown and people will be holding onto their cash.

This

[MrBonus]

Originally Posted by Matt Monson

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.

[Matt Monson]

Originally Posted by MrBonus

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.

[NYNick]

Originally Posted by Matt Monson

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.

Hey Matt have you seen Idaho's 48% infection rate? Wonder if Vaive is still hawking the fake news headline?

[Unobtanium-inc]

Originally Posted by Matt Monson

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

[Alan A]

Originally Posted by MrBonus

What specifically do you think will change between now and March?

Isn’t he in Co?
I thought it was like Utah - snow through June.
Plenty of time for a recession to hit.

[Alan A]

Originally Posted by Unobtanium-inc

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 doesn’t seem that the market is backing off. You could (easily) say that’s 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.