MANHEIM numbers for porsche 930

ghost1001 · 12-09-2010, 12:39 PM

Hi All,

Not sure what data is out there for 930 at auction.....I would think few and far between.

Anyway I am looking at a 930 at a dealer that they cant move, just wondering what they might get at auction if the wholesale it.

1988 911 turbo aka 930
coupe
75k miles
few mechanical issues but drivable
decent overall condition

Can anyone provide recent data? Will take anything on 1976-1989 911 turbo, 930 if you have it.

Thanks
Kevin

kaisen · 12-09-2010, 01:05 PM

It would bring mid twenties if it ever made it to a Manheim auction. However, the numbers are all over the board. I doubt they'd bring it there.

McLovin · 12-09-2010, 01:10 PM

There's not a lot of data, and what there is isn't really useful, since you don't know the condition, etc. (which can vary dramatically on a 25 year old car) and the sample size is too small.

Nothing for 88 or 89, but there have been a few sales through manheim on 87 Turbos. An 87 went through mheim at around $27.5 with a little over 100K miles last month.

There were a couple sales in 09 from $21K to $31K with miles from 36K to 122K.

Again, don't think this helps you much, I wouldn't read anything into it as far as real mkt value or the real price any dealer paid for any given 930 currently in his inventory.

kaisen · 12-09-2010, 01:28 PM

Quote:

Originally Posted by McLovin

An 87 went through mheim at around $27.5 with a little over 100K miles last month..

......And is currently being offered for $37,995 by a classic car dealership outside St Louis. It's a modified car with quality components, but they're dreaming.

ghost1001 · 12-09-2010, 01:56 PM

Wow....i am really suprised the numbers are that high....what type of inspection are you allowed to do at the auction.

This one that I am looking at would take a beating if anyone with any p car exp. at all drove it.

I actually think this same mentality happend to this dealer.....they took it on trade, paid way too muc, and now the car sits for close to a year and counting....the trans needs attn. and prob. the engine too.

But you can drive it.

Car is sold as is / where is.

They just dropped the asking to $24,999. from $26,999.

I know it probably can be had for 20 just wondering what they would be in for wholesale.

Kevin

McLovin · 12-09-2010, 02:09 PM

Manheim numbers are usually high. I'd characterize most Manheim sales as being at "low retail." How those bidders end up making money, it's a tough business with low margins. IMO at the big auctions you get a lot of people that aren't very bright (it's a transient business, people come and go) and bid stuff up too high.

There isn't much opportunity for a real inspection. You can see the car on the lot the day before or the day of the auction. Sometimes the key is in it and you can start it up and hear it run. You typically can't drive it, take stuff apart, jack it up, etc. Basically, just a "walk around" inspection. Most bidders spend maybe 15 minutes looking at a car before bidding.

If it runs and drives and shows nice, I'd guess they'd get low 20s at an auction, depending on who is there, if anyone wants it, etc. At the price they're asking now, it's probably getting close to being thought about blowing it out an an auction.

kaisen · 12-09-2010, 02:37 PM

Quote:

Originally Posted by McLovin

Manheim numbers are usually high. I'd characterize most Manheim sales as being at "low retail."

High compared to what? Low compared to what?
That's like saying the commodities market is high on soybeans because your farmer neighbor will sell you a few bushels for less.

McLovin · 12-09-2010, 02:49 PM

High compared to what the cars actually sell for on the retail market..

kaisen · 12-09-2010, 02:55 PM

But the question is where do you buy them in any volume for LESS???

McLovin · 12-09-2010, 03:11 PM

I guess a franchise dealer could probably get decent volume on trade ins, and get them for a lot less than at Manheim. Places like CarMax that advertise a lot to buy cars probably pay a lot less. Or a local store that does a good job advertising to buy used cars, and can get people who just want to trade in and get cash without the hassle of advertising, etc. For a used car dealer, figuring that out is the trick.

kaisen · 12-09-2010, 03:21 PM

Manheim (and Adesa, etc) represent a market for dealers to purchase inventory. By definition, it is the wholesale market. If you can snag a few here or there for less, that's not 'the market'. Because, believe me, you can snag a few from Manheim too.

It also depends on what you're trying to buy. Any market is supply and demand, right? If the largest supply is at Manheim/Adesa (like 2-4 year BMWs), they will set the market, and usually they are cheaper when the supply is large. There are a bunch this week, there will be a bunch next week, and there are dozens of similar auctions across the country. That's where you'd go to buy one. The supply is larger than any other single source.

A 25 year old Porsche? You wouldn't go to Manheim.

I only buy cars at Manheim that are cheapest (and/or best) at Manheim. The bulk of what I buy is private party, or trades from large dealers.

javadog · 12-10-2010, 06:01 AM

Quote:

Originally Posted by ghost1001

I know it probably can be had for 20 just wondering what they would be in for wholesale.

Ask them. If they've had it for a year, they'll probably be happy to unload it at whatever cost they have in it. I'd be surprised if it's as low as 20K, given their asking price. Most dealers won't have that kind of a spread between cost and retail. You never know, though.

JR