How Much Have Prices Come Down?

[jamesjedi]

Looking at trying to buy back an old project of mine. It is a 77 911S roller. How much have project cars come down in the last year? How much have engines come down? Specifically the 3.0 SC engine.

Thanks for any guidance on a vague question.

[etmracing]

$20k cash for a middle coupe roller, no interior/engine/trans, thats what I paid this year

[jamesjedi]

Thank you. Looks like it will be difficult to get my project back. It will cost too much. Thank you.

[ChrisHamilton]

Originally Posted by jamesjedi

Thank you. Looks like it will be difficult to get my project back. It will cost too much. Thank you.

Be patient, stuff is coming down, not going to do it all at once though. I'm firmly of the belief the bubble is over and prices are starting to return to more normal levels.

On BAT most stuff is down 10-25% versus 2021-2022, from what I can tell.

[jamesjedi]

I have seen prices come down significantly as well.

[ed317]

12 and a quarter %

[etmracing]

I also see it this way, if there is a inside deal, that doesn't really dictate market prices. I am in the business and still pay retail when I want something for myself. Remember once its Online and all eyes are on it can then become a bidding war with online buyers, even though its not on a auction.
My "roller" was technically never For Sale but had the same price tag for 5-6 years. I guess it was a "I had to have it" type sale on my part. Sure I will have north of 40k when finished but its not always about that
Back to prices, which I find sucks the fun out of this hobby...but it is what it is..
Most decent rollers are between 20-25k needed not much more than engine/trans.
Beat, rusty, wide flare, painted 3 times, with a title flip paperwork.... I guess there 10k on up depending
Also this is Coupe talk only, all other models I cant speak of

[911parts]

Will the Klein auction affect the market

[etmracing]

Thought about that too, and I’d say no not at all..
Buyers/Bidders required a $2000 hold to bid, 20% buyers fee on parts and 13% on vehicles. Many cars were sold as “parts only” for lack of titles. You would also need to be local since they weren’t shipping. Yes they have 3rd parties to ship if you go that route and then were required to have insurance on the items while waiting for transport. If you listen to the winning bidders there were only a couple numbers repeated cornering that market. Now, if your local and planning on reselling everything you bought without restoration or repair… then yes it would effect the market.

[Matt Monson]

It won’t effect the market at all. Though I’m guessing Emory bought a rash of core 356 cars and parts.

[ducatiroger]

Beginning to hope they drop just a touch more so that I can afford to get into a G body. Should have picked up that 964 I was looking at back in 2015. $29K for a sorted example. If only I had a time machine.

[Cobalt]

It all depends on the car. I have seen significant increases on the right cars. Rollers are still in the $20k range and I know of an early G body cab restoration that was recently sold for $200k. 964 restored in Virginia are fetching $300k and the twin to my 3.6T recently sold for $621k so I am not sure where you are seeing any drop other than cars with needs that people are finally realizing how much needs can cost.

GL on any 964 that is worth anything being cheap. I was offered $190k for my 93 and I am not selling. There are lots of cars with stories but be careful it might be cheaper to spend up and buy a sorted car.


At the end of the day the tub is an S so it is worth money.

[GothingNC]

78 Brown SC Coupe with over 100,000 miles just sold on BAT for over $100K

Had a motor rebuild 20 years ago and was only driven 12,000 miles since, if the odometer is correct.

[jamesjedi]

Yikes! That is crazy.

[Matt Monson]

Some people like the shyte colored cars.

[NYNick]

I bet my car, if marketed correctly, could bring similar money.

It's all about the rebuild, what was entailed and who did it. I was willing to "overpay" for mine 10 or 12 years ago because I knew what had been done and by whom. There's a lot of value knowing the car is absolutely right when you buy it and will need nothing for another lifetime.

Of course, what I paid for it then is a pittance of the real value today, but that was just me being a smart buyer.

[997RS1]

I just picked up a high mileage G body for about the average market price. Seller originally had it for sale at $89k 4 months ago and it didn't move. Price would come down every month. I made a deal with him and was able to pick it up for much less, and it's quite sorted. Had a newer motor (3.2) put in some years ago and then recently had engine out service and all the extras done, tranny and suspension included. Test drove the car and it felt like a brand new car!

Very happy with it and especially happy I didn't have to dump more money right into it after purchase like most air cooled 911s that haven't been well taken care of.

[techweenie]

My opinion is that projects are increasingly hard to sell and prices have gone down.

At the same time, excellent needs-nothing cars seem to be bringing robust bids. Some seem to be hitting new highs.

But generalizing about the market is difficult because it's so difficult to establish "comps."

[zztot]

Techweenie is a very knowledgeable resource…….so not just an opinion but well based information.
I am on Hagerty’s mailing list and they just listed 5 high value cars that have big value dips in last year. Forget exact examples but non Porsche stuff to be fair.
I believe there is a softening which is logical……all bubbles in all markets eventually break.
Problem we all face is so many want to equate an unrealistic price to their so so model.
Long ago an “expert” ( influencer circa 2024) said you may pay a premium for a premium car but it will generally outperform the market. Wishing I would have listened.

For a while projects went for unrealistic bucks, but everyone (me included) wants to recover the pile of cash for the pile of parts in the garage but harder to get people to do that……….sometime you are better parting your project. Problem is so many
“Surprises “ when buying someone’s unfinished project.. More time involved and pita but so it goes. Just my 2 1/2 cents.

[Cobalt]

I am confused by how the term bubble is being misused and the grouping of 911's with all cars. Hegarty is one source I don't waste my time with. Their market valuations have nearly always been wrong and why we listen to them? I have no idea. Yes the VW Vanagon, Bentley GT, Ford Bronco and others should drop. But what does that have to do with the air-cooled 911 market? Heck I know of someone who paid $15k for an AMC Gremlin and considerably more for a Pacer. If that isn't mind blowing I don't know what is. A year ago they said the 94 turbo 3.6 would be the one car to drop in value and since then they have nearly doubled for good examples.

I follow the market as closely as anyone here. Open your eyes, the good cars are still continuing to rise the bad cobbled together project cars are still going to stay where they are or like the really bad ones settle out based on the work needed to make them a decent car.

Maybe the overall market is down but that will continue to fluctuate just like gold or stocks or anything these days. But if you think the good cars will become less expensive and the bubble is deflating, think again. I just saw a G body targa roller sell for $35k and recently a burnt out husk of a 964 sold for $17,500.

The veil has been lifted and your average buyer is far more educated than just a few years ago, so the stupid overspending has slowed. Can we call that a deflating bubble? I think not. A market correction in the works? Maybe. I always said buy the right car and enjoy it. If the market rises enjoy the ride. I did just that. I had no interest in if values increased or not I bought he best model of the cars I wanted and could afford. Now some 1000%+ increase later I guess I am happy but hate that my cars are too valuable to enjoy as I used to and I have no interest in selling.

My advice is if you think the market is going to deflate for a good air-cooled, think again. If anything they will continue to rise. So grab one while you still can. Or you will be kicking yourself like those back in 2020 when people said buy gold and waited for the price to drop first.