993s values declining even further?

[Kansas]

Hagerty has devalued 993s by 10% over the past year and 5% just the past 4 mos. WTH is going on? I know the aircooled market is flat lining, but why on earth would the best aircooled 911 ever made be depreciating at a much higher rate than others, and will it rebound? I just bought mine a year ago, and never thought, I'd lose money on it when I went to sold it. Thought I would at least get my money back. Hell, I should just have bought a 997 for much cheaper if I wanted to take a hit on re-sell! I don't get it.

[speednme1]

I wouldn’t worry. Hagerty does what it has to do for business purposes. Whether they value it high or low, if you’re not selling now it’s pointless to worry about it. When the time comes to sell, the condition of your car should dictate the value. Even if you lose a little, you can’t put a price on memories....so go out and enjoy the heck out of it in every way possible.

[JMS935]

That’s a big mistake, buying a used car and expecting that you wouldn’t lose any money on it. Even if you don’t ‘lose’ anything on it during your ownership of it, it still could be dead money at best for you. Not many used cars are great investment vehicles, pun intended.

[pmax]

Originally Posted by Kansas

Hagerty has devalued 993s by 10% over the past year and 5% just the past 4 mos. WTH is going on?

WTH are you talking about ?

993 values have been between the current $30K and $77K averages for years.

Originally Posted by Kansas

... but why on earth would the best aircooled 911 ever made be depreciating at a much higher rate than others..

The best modern aircooled.

[Kansas]

Originally Posted by pmax

WTH are you talking about ?

993 values have been between the current $30K and $77K averages for years.



The best modern aircooled.

This is true about values being around 30-77 for years, but I'm just trying to figure out why the 993 more than any of the other aircooled 911s has been on such a steady decline, even before the air cooled marker started cooling off. Is it a case of "too new to be old and too old to be new."...?

[OldSpool87]

Probably also has to do with how much they benefited from the rising tide a few years ago. If their value increased disproportionately then they are correcting. I bought my 930 for $27k and it seemed like overnight it was a six figure car. Today, not so much.

[93097004xx]

Originally Posted by OldSpool87

Probably also has to do with how much they benefited from the rising tide a few years ago. If their value increased disproportionately then they are correcting. I bought my 930 for $27k and it seemed like overnight it was a six figure car. Today, not so much.

That was a steal!


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[93097004xx]

Originally Posted by JMS935

That’s a big mistake, buying a used car and expecting that you wouldn’t lose any money on it. Even if you don’t ‘lose’ anything on it during your ownership of it, it still could be dead money at best for you. Not many used cars are great investment vehicles, pun intended.

A 993 is a solid collector car.

In fact a no point in the 993s existence has it ever been a used car.. a true classic air cooled.


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[touringteg]

964 market appears to be stronger but that might be a factor of much lower supply and traditional look. There are always 993 available.

I sold my 97 C4S in 2015 and the value hasn't moved much since then. I was lucky to experience a big run up in price from 2013 to 2015. My 993 C4S doubled in value during that time.

[JMS935]

Originally Posted by 93097004xx

A 993 is a solid collector car.

In fact a no point in the 993s existence has it ever been a used car.. a true classic air cooled.


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It’s never been a used car? Are you serious? They are all used cars. Ask the guy who bought it brand new and sold it a few years later for a nice loss. Or ask the guy who bought it from him and sold it a few years after that for another nice loss. These are all used cars, some are just lucky enough to gain collector status at some point. And yet even when they do they can still drop sharply in value after the significant rise in value caused by the demand from people wanting to initially ‘collect’ them. So ask the guy who bought one of these a few years ago at the top of the market, and now wants to sell it, how he feels about his investment. If we could take a peek into anyone of these 993s (or any used car for the most part) that’s changed hands several times since new, to see what price it changed hands at, we would see that most of them lost money on it, and that’s not even including the cost to carry it. When you factor that in almost all of them are net losers. And in some instances all transactions in a 993s sales history will show that the owner lost money, since the current owner of record might’ve bought it prior to the market turning up, meaning every closed sale to date on that car has posted a loss for the owner who sold it.

You’re way off base, but we did miss your delusional commentary when you were gone, as that quote of yours above is quite delusional!

[93097004xx]

Originally Posted by JMS935

It’s never been a used car? Are you serious? They are all used cars. Ask the guy who bought it brand new and sold it a few years later for a nice loss. Or ask the guy who bought it from him and sold it a few years after that for another nice loss. These are all used cars, some are just lucky enough to gain collector status at some point. And yet even when they do they can still drop sharply in value after the significant rise in value caused by the demand from people wanting to initially ‘collect’ them. So ask the guy who bought one of these a few years ago at the top of the market, and now wants to sell it, how he feels about his investment. If we could take a peek into anyone of these 993s (or any used car for the most part) that’s changed hands several times since new, to see what price it changed hands at, we would see that most of them lost money on it, and that’s not even including the cost to carry it. When you factor that in almost all of them are net losers. And in some instances all transactions in a 993s sales history will show that the owner lost money, since the current owner of record might’ve bought it prior to the market turning up, meaning every closed sale to date on that car has posted a loss for the owner who sold it.



You’re way off base, but we did miss your delusional commentary when you were gone, as that quote of yours above is quite delusional!

Lets just say that you and I are going to agree to disagree..

993 is a solid collector car that will continue to appreciate like all air cooled porsches.

The older I get the less use I have for folks you.

Thank you very much.






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[flskala]

964's will always outpace 993's in price because of the short supply and Singer.
I don't believe Hagerty's figures high or low.... Wanna know how much your car is worth...? Drive it daily and see how many people ask you to sell it. Don't know if I missed if the OP's car is a Cab or not... or Tiptronic. Yuuuge affect on price in both cases. All us 993 owners would need is Magnus to build one and put out some videos tearing around in it. That should double the prices fairly quickly .

[JMS935]

Originally Posted by 93097004xx

Lets just say that you and I are going to agree to disagree..

993 is a solid collector car that will continue to appreciate like all air cooled porsches.

The older I get the less use I have for folks you.

Thank you very much.






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The less use you have for people with common sense then...

[Matt Monson]

Originally Posted by JMS935

The less use you have for people with common sense then...

93079isthebestyearever is not one to be reasoned with. His positions are mostly emotional.

[JMS935]

Originally Posted by Matt Monson

93079isthebestyearever is not one to be reasoned with. His positions are mostly emotional.

He should totally change his handle to that!!!

Emotional - Delusional, they sound similar enough.

[93097004xx]

Like I said you and I can agree to disagree..

BTW relay this message over to your ankle bitting buddy MATT..

Thanks, Tony


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[JMS935]

Originally Posted by 93097004xx

Like I said you and I can agree to disagree..

BTW relay this message over to your ankle bitting buddy MATT..

Thanks, Tony


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Tony,

You posted this publicly, this isn’t a PM, so Matt will see it without me relaying it to him. Sadly your delusions run deeper than just 993 ownership...

[93097004xx]

Originally Posted by flskala

964's will always outpace 993's in price because of the short supply and Singer.
I don't believe Hagerty's figures high or low.... Wanna know how much your car is worth...? Drive it daily and see how many people ask you to sell it. Don't know if I missed if the OP's car is a Cab or not... or Tiptronic. Yuuuge affect on price in both cases. All us 993 owners would need is Magnus to build one and put out some videos tearing around in it. That should double the prices fairly quickly .

Porsche produced 62,000 964s
Porsche produced 68,000 993s

That’s not a big enough difference to substantiate a price difference based on demand.

993s and 964s are valued for being the final refinement of the air cooled 911.

Equally.

I don’t believe one is worth substantially more than the other at this point.


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[msort81]

Originally Posted by 93097004xx

Porsche produced 62,000 964s
Porsche produced 68,000 993s

That’s not a big enough difference to substantiate a price difference based on demand.

993s and 964s are valued for being the final refinement of the air cooled 911.

Equally.

I don’t believe one is worth substantially more than the other at this point.

The 993 just hasn't found its place yet, like the 964 has. It will.

[Matt Monson]

Originally Posted by 93097004xx

Like I said you and I can agree to disagree..

BTW relay this message over to your ankle bitting buddy MATT..

Thanks, Tony


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I see you.

Dude, you are the poster child for irrational exuberance. When you love a car, you love a car and nobody can convince you of anything other than what you think, even when facts conflict with your feelings about it.