Yikes....70K for a normal 964 C2

[christiandk]

A nice looking´94, but still.

5 years ago this was a 25k car.

http://forums.pelicanparts.com/porsche-cars-sale/809765-1994-porsche-carrera-2-coupe-black-black.html

[Tim Hanson]

One of 100. I guess the last year run of 964. Even a desired color. Not.

Tim H

[MrBonus]

I don't understand what the "one out of 100 produced" is about. There were only 100 coupes produced in '94?

[trader220]

I think we all can agree that the car wontbe selling for $70k, the market simply is not there.


3 years ago the 964 in question was 25k car, right now its a $35 to $40k car.


That seller lists a number of cars at very very high prices and he waits and sits with them a long time. He has had this car for going on 2 years now

http://www.velocityporsches.com/porsche_coupe_1986.html

[COLB]

That seller lists a number of cars at very very high prices and he waits and sits with them a long time. He has had this car for going on 2 years now

That is bizarre.

I don't really understand the business model for a dealer that holds a car that long. Surely there must be some logical reason.

Maybe the manager is driving it as a "company" car and would rather use it "free" than sell it.

[speeder]

Hey, I'm selling a used snow board for $5k! Just because anyone can ask anything for anything. Doesn't matter if no one ever buys it and my ad inspires derision and WTFs. This is fun!

[COLB]

Originally Posted by speeder

Hey, I'm selling a used snow board for $5k! Just because anyone can ask anything for anything. Doesn't matter if no one ever buys it and my ad inspires derision and WTFs. This is fun!

True enough, so long as you don't quit your day job!

There was a local dealer here in the DC area that had a craigslist ad for a slantnose turbo (asking $89k) for better than two years. Presuming a dealer actually needs to make money, one would expect the selling of inventory to be required.

Ad has been gone for a while -- maybe the market finally caught up to his expectations. Maybe it was a consignment, and the owner was stubborn. Perhaps he made money, but paying the opportunity cost of parking $70k+ on your lot for two years seems to be a questionable business decision. Maybe it attracted business, and was effectively considered an advertising expense.

[RacerX1166]

Again, rarity and desirability are two different things. Sometimes, an item possesses both in spades but I'd argue that, while the rarity quotient on this car is high, the desirability factor is about average. Hell, you can get a 94 C4 for that money.

And I agree on the seller's 'unique' method of pricing cars. From a business perspective, I'd be curious how quickly he turns his inventory. Overpricing / leaving room for negotiation is one thing but there comes a point where the list price is so out of whack that potential buyers skip the opportunity figuring there's no point in trying to negotiate to a market correct middle. How's that for a hellishly long sentence? Anyway, full time dealers don't like to hold on to cars / tie up capital any longer than necessary. This guy seems to be a half dealer / half flipper so one wouldn't think he'd have an excess of capital to begin with.

[COLB]

This guy seems to be a half dealer / half flipper so one wouldn't think he'd have an excess of capital to begin with.

This makes some sense. Maybe he is trying to make money on the side, with a strategy of maximizing his per-car return while avoiding selling so many cars that he becomes subject to dealer laws.

In Texas, I think it is four per year...but that varies by state.

Seems a little far-fetched, but it is at least a logical explanation, and I can't think of anything better.

[speeder]

Hey, the thing went up in value during the 2 year sit he's had with it! That's rare in the used car business. If he holds out long enough, it will catch up in value with his price. He might be in adult diapers by then, though, depending on his present age.

[aschen]

I don't understand at all.


Also how is there only 100 or these? Maybe 100 black 94 c2 coupes?

Is it sorta like my 930 is one of one since there is not another with the same vin.

[speeder]

They are rare because Porsche almost went out of business in 1994. I'd be surprised if they sold 100 cars, the economy in CA. was in the toilet from the earthquake+national recession and everyone knew that there was a new, better looking 911 coming out that was going to be cheaper. It was a schit time for Porsche's new car line-up, probably the worst year ever. 1993 would be in 2nd place.

In about 8 seconds, someone is going to bring up the 3.6 turbo S. Those are extremely rare because absolutely no one was buying them. They had an outrageous sticker price and were really out of fashion at the time, of course the whole line-up made a big comeback a couple years later when the economy came roaring back.

[christiandk]

3.6 Turbo S...oh dear...one of my all time favs.

[ian c2]

1981 cars built for the us market in 1994 .
200 where c2-4 model coupes .

[aschen]

if there were 520 964 coupes it makes sense that 100 of them would be black

Ill chalk that up as puffery but I think the asking price is absurd.

[MrBonus]

There were 56 Baltic Blue coupes made in 1989. I'm starting the asking price for my car at $90,000.

[johnvan8]

Of the 520 coupes, take out the C4 and tiptronics. C2/stick shoppers are very finicky and usually would never consider a C4 (especially in a 964) or tiptronic. I don't think the rarity is the color but rather the 2wd/stick combination.

[ian c2]

I've just edited .
I looked at the wrong column
520 was the 1993 total .

[RacerX1166]

Originally Posted by MrBonus

There were 56 Baltic Blue coupes made in 1989. I'm starting the asking price for my car at $90,000.

Actually, there were 47 Baltic Blue coupes, so bump your price accordingly.

[trader220]

The 993 and then the Boxster are what really saved the company from going under. The 993 went on sale in Europe in 1994 and a MY 1994.

Either way that price is silly, its not going to trade at the price or even 80% of that price IMO. At least not anytime in the near future.