Quote:
Originally Posted by _Remi
...Would you say that sellers hoping for $40k are a bit too optimistic?...
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I put my 93 coupe (~145k miles) on craigslist, once in qtr2 and again in qtr3 of this year to see what the market is like in the FL area. In the $40's naturally.
What I've observed is interesting. A paradox of sorts. It is clear that demand is very high so long as the conversation remains in terms of want/desire. Move the conversation to the financial execution details and demand suddenly drops.
Another observation is the price band in question for a 964 seller kinda sucks too. There is a large pool of newer MY sports cars (to include Porsche) in that price band that are also competing for a buyer's attention.
The result? Stagnation: a 964 seller has no choice but to hold firm and be patient with the cycle. Conversely, a 964 buyer has no choice but to wait for an economic event to force seller price flexibility.