Thread: Depreciation
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911Envy
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As an update:

1. found out a 83 coupe solid 3- by Haggarty standards with less than 80K sold for $25 ($5K loss) to another dealer - its 3rd since June of 2015. It was above $42K asking originally.

2. found out a 87 cab solid 2- by Haggarty standards with less than 70K sold for $29 to another dealer who has it up for $40K. Original dealer had for 7 months.

3. found out a 88 cab solid 3+ by Haggarty standards with less than 85K has been on market for 9 months with one offer $15K under asking

4. Found out a 89 cab solid 2- by Haggarty standards with less than 85K has been on market for year and a half with a least 9 different auctions, none over $35K which is insanely lower than asking.

5. Found out a M491 with low mileage has been on the market for a year. Original list stating it was being taken off because reserve not met. He hasn't had realistic offer less than $20K asking.

I have another 2 dozen with similar stories. Are us Porsche owners delusional? Anyone seeing this in the Ferrari, Lambo, etc markets? How much long can the exotic dealers rotate inventory before they are cash starved and will sell at any price to pay their nut or close before bankrupcy?

Envious of those that owned in 2011 and sold in 2015-16
Old 03-02-2017, 12:14 PM
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