Thread: P Car market.
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djmcmath djmcmath is offline
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Join Date: Nov 2003
Location: West of Seattle
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I'm watching prices, and they're all over the board. I'll see 80's Carreras for the same prices as early 996s. The lowest prices on the 80's cars seems to be in the very low teens -- occasionally dropping to $10-$12K. 964s seem to be holding a little better. 993s seem to be holding pretty solid -- I haven't seen any particularly unusual deals on those. 996s? The first couple years of 996's seem to be going for under $30, sometimes well below $30. The first time I saw one for $24, I thought it was a fluke. Now I've seen quite a few, which makes me wonder what's wrong with them?

If you're in the market to buy, and you have cash available, I recommend waiting until after Christmas. My used-car-salesmen acquaintances have explained that January is hard, but February is desperate. It's after the Christmas rush, but before tax-time, so people are as broke as they'll ever be. Sales are through the floor, and sellers are generally more willing to do absolutely anything to move cars. That's definitely true of dealers, though perhaps less true of individuals.

Todd -- I agree about the nutty buyers. "My product is worth more than what I paid for it," as if market forces have no power over them. Bizarre. It's true across the board, sellers in denial -- 3.2L cars listing for $30K, tiny little houses in the Bad Neighborhood listed at pre-crash prices, etc. Weird.

Dan
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Old 11-16-2008, 03:42 AM
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