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Why is the SC the ONLY aircooled model to see a 5% value drop since October
I realize that with the current economic climate, the 911 aircooled market is due for a marginal correction, but why has it hit the SCs first? Wintertime notwithstanding, there has not been one other model from the longhoods to the middies, and from the 3.2s to the 993s that has seen any decrease in value. They have all maintained their values since last year.
And another curious issue, is why the early non g50 3.2s, average a $59K valuation according to Hagerty, while the SCs average $47K. Just 2 years ago, these 2 models were at exactly equal valuations. |
I humbly suggest that you change your own oil, and then go drive your 911SC and don't sweat 5%.
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prolly means they were a bit inflated, and prices are merely correcting some.
wish my mutual funds were doing that good since october... |
Inflation is through the roof... looming recession... you're worried about a 5% drop according to Haggerty valuations? There are so many differences in cars out there in general 5% is more or less like a margin of error.
Drive it and enjoy it... if you are worried about 5% I would go ahead and sell the car as prices are not going up again any time soon~ |
One month isn't a trend but possibly more an anomaly. Look at 3 and 6 month moving averages for
the best indicator of price trends. |
Hagerty is traditionally behind almost a quarter on their values. And they are only 1 company watching and reporting such things. Meh.
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Good news for me. I'm looking at an 80' SC Targa, all in bits for 11K. All dismantled but solid body, good paint (wine or something) Solid motor and tranny and no rust. My friend is coming back to the table, but he won't come out to the mountains until it warms up a bit (maybe spring?) Pussy for the cold weather he is... I'll just wait him out!
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If you're valuing 50 year classic Porsches based on averages and you end up with a 5% difference one way or the other, you're wasting your time.
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Macro-managing isn't for the weak of heart;)
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Stock and mutual funds were down, some lost up to 25% of their investment value, in 2022. Then there's crypto.
If you think of your car as an investment (not recommended), you're way ahead in terms of loss. Enjoy the car - the air cooled cars are art on wheels. |
There was a discussion about this locally amongst the few aircooled cars owners. Consensus was the impression that SC's are more likely/prone to head stud issues than 3.2's, although not sure that is entirely accurate across the board. All 3.2's tend to get clumped together and averaged up by some of the later 88-89 "last of" buyers that elevate the overall average price in comparison to SCs. G50 may also have some impact as well. SCs are great cars and while there may be some ups and downs year to year, the overall trend for the G-body cars are doing pretty well. Agree with the scrum here, this is nothing to sweat.
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Boy through a grenade into a snoozing board......
Interesting trend... 5% as previously stated; minor market fluctuations, higher interest rates impacting entry level purchaser..... This is the Feds intention; markets are supposed to be slowing creating supply which lowers pricing. |
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I’m talking average cars here. One could argue that a condition one or two SC and Carrera should be worth about the same. But I assert that condition 3 drivers should not be. |
Great point Matt - my car sat for 13 years. The crew that got her going took 3 months, they checked the general condition, set the valves, changed gaskets and oil, but for the fuel system basically drained the tank, new pump and filter, cleaned the injectors and she fired right up.
Something to keep in mind is the average pricing includes really great cars, and some solid and tired cars. The floor certainly has come up, but the top end is flattening to an extent. Market taking a pause, idiots in DC jacking interest rates, all probably contribute. There is less discretionary $$s in the overall market, hence... It will turn, and pent up buyers will run it up again. Drive, enjoy. |
Has Excellence had anyone of any substance step up since BA passed to do the yearly valuation article? I always liked that info, pricing comparison charts and what not. I have not looked through an issue since Aug of 2014 when they did a great article on the west coast PRC Spec911 class. still have that issue and may thumb through it next time the cable goes out.
BA lived in my hometown and a contractor buddy did some work at his house. He said it was like a hoarder's episode with paths around all the boxes of stuff. 5% is mouse nuts. |
Those old issue valuations will make you cry..
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HNY sir. |
short term noise in the data set and may not even be statistically significant
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"If you care about the value of your 911, then you can't afford your 911"
@sugarwood |
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