1967-73 resale value dropping? Your thoughts?

[69porsche]

Considering that these early cars (911S not included) were asking and getting 100K plus and I am not talking about auction sites or the rare "one owner" vehicle last summer...Do you think the bubble has burst? and now these vehicles have been substantially lowered in price for sale-----interested to know your perspective

[Macroni]

This thread is a good example of market......

http://forums.pelicanparts.com/porsche-cars-sale/915988-1972-911-t-coupe-irish-green-tan.html

Perspective needs to be placed on the overall market from 2008 until now. The market ran up strongly until last year when it began to slow. While it is deflating, I do not think it will return to the sub $20K market of 2008. I do think the day of $75,000 driver Ts are in the mirror at least until the euro runs up again.

[techweenie]

Originally Posted by Macroni

This thread is a good example of market......

http://forums.pelicanparts.com/porsche-cars-sale/915988-1972-911-t-coupe-irish-green-tan.html

Perspective needs to be placed on the overall market from 2008 until now. The market ran up strongly until last year when it began to slow. While it is deflating, I do not think it will return to the sub $20K market of 2008. I do think the day of $75,000 driver Ts are in the mirror at least until the euro runs up again.

Not a very good example, IMO. Replaced body parts indicate some serious prior trauma. I think no-stories 'nice driver' 2.4 T coupes are $75-100K.

[billh1963]

Originally Posted by 69porsche

Considering that these early cars (911S not included) were asking and getting 100K plus and I am not talking about auction sites or the rare "one owner" vehicle last summer...Do you think the bubble has burst? and now these vehicles have been substantially lowered in price for sale-----interested to know your perspective

Yes...the rapid inflation is over for most all models.

The best of the best and rarest of the rare will hold value. The rest are sinking.

Although prices will not return to previous levels, they are dropping and will continue to do so.

[Sunroof]

As an owner of a nice 1973.5T, I am always watching the latest articles on the price range of these cars today. Excellence Magazine's latest Porsche evaluation publication showed a rise in the long hood series, with the "S" still way the hell out there and leading the way. According to Excellence, the range for the 1973T model for a good driver, matching numbers can go as high as 100K. By the way, their is a 1973.5T (Sepia Brown) advertised in the Cars For Sale here that's all "original" for 110K. Not bad...naw, these beauties will continue to hold.

Bob

[Matt Monson]

I don't see anything sinking. The dreamers and speculators are waking up, but the pricing on these cars is still solid and still many times more than they were 2-3 years ago.

[specialtyoneinc]

Originally Posted by Matt Monson

I don't see anything sinking. The dreamers and speculators are waking up, but the pricing on these cars is still solid and still many times more than they were 2-3 years ago.

This. ^

I think nice cars will always sell for good money. Maybe a average correction of 10%-15% max.

[Macroni]

Originally Posted by techweenie

Not a very good example, IMO. Replaced body parts indicate some serious prior trauma. I think no-stories 'nice driver' 2.4 T coupes are $75-100K.

I do not know.....starting ask at $85,000... sold for $69,500. The car, IMO, was a nice driver. To me replacement panels on a 44yo driver is not shocking. Both my S and T had them and many $1,000,000 RSs have them.

Originally Posted by Matt Monson

I don't see anything sinking. The dreamers and speculators are waking up, but the pricing on these cars is still solid and still many times more than they were 2-3 years ago.

I agree with this...... dreamers who have inflated the value of their cars to the status of a low mileage 1 are adjusting their pricing. Asking and selling two different numbers many time.... I do think there are examples of the market sinking.

Originally Posted by specialtyoneinc

This. ^

I think nice cars will always sell for good money. Maybe a average correction of 10%-15% max.

Yes, some are even at new highs. I understand a very low low low number restored RS is trading hands (privately) at a record value. It was initially sold after restoration at $500,000 when RSs were trading at $160,000.

[Matt Monson]

To me sinking means there's a hole in the side and it's gonna run aground. Markets and tides ebb and flow.

[Mick_D]

maybe instead of a bubble it's a zit that just popped and all that rotten goo that caused it is clearing out?

[Fubawu]

I think Matt is spot on, people have been a bit too greedy " He got 50k so I should get 55k for mine.." the next guy wants 60k etc.
Plus people are seeing crazy asking prices and pricing off of that. The market was strong but eventually there has to be a push back. Buy a rusted T for $35k makes no sense, it going to cost you 40k for light to restore it and when your done you still have a stock T worth $70k but it took you two years to get to that point.

[ASD]

if the long hoods come down and the SC continues to rise, maybe I can swap mine out

[Rick Brooklyn]

Originally Posted by Macroni

. I understand a very low low low number restored RS is trading hands (privately) at a record value. It was initially sold after restoration at $500,000 when RSs were trading at $160,000.

Please do tell more.

[Farrell]

Originally Posted by pmax

Why call these cars drivers when they are hardly driven ?

i drive the **** outta all my cars. granted i don't have a numbers matching 911RS with race history....

[Puma]

No amount of value change up or down will alter the love I have for my little rust bucket of restorative fun.

[techweenie]

Originally Posted by Mick_D

maybe instead of a bubble it's a zit that just popped and all that rotten goo that caused it is clearing out?

This is my favorite one sentence market summary to date. I agree.

[LakeCleElum]

For years, I watched the 356 market go thru this same process.....A ratchet effect.....3 steps forward, one step back. I'm still waiting for that day to return when I can get a nice 356 cab for $10K......

The '65-73.5" market will do the same.......If you want to be on the bus, don't wait too long to jump on.

[Sunroof]

I went to the local Porsche dealer here in Atlanta, Ga this weekend to order a part and inquired about the value of my 1973.5T (Sepia). I was surprised that the second floor of the showroom was full of consignment cars, none of which were longhoods. Apparently, longhoods are in high demand according to the rep. and going for top dollar. "We know a whole bunch of folks who would want your car"! Commission was set at 10% for an under 100K sale. I plan on selling my car and would think that handing it over to a Porsche dealership to place in a showroom setting for a low commission might be the way to go!

If a Porsche dealership is advising that the longhoods are in demand and prices are strong, who's to argue?

Bob
1973.5T

[Macroni]

Originally Posted by Sunroof

I went to the local Porsche dealer.... Apparently, longhoods are in high demand according to the rep. and going for top dollar. "We know a whole bunch of folks who would want your car"!

Atlanta is a great market for Porsche's, I believe #2 to Los Angeles.

I do not know how much of an authority a local dealership is.... This month's Panorama had fifteen long hoods for sale of which five were Ss..... IMO, this is unprecedented in the last 8 years.

[69porsche]

Originally Posted by Sunroof

I went to the local Porsche dealer here in Atlanta, Ga this weekend to order a part and inquired about the value of my 1973.5T (Sepia). I was surprised that the second floor of the showroom was full of consignment cars, none of which were longhoods. Apparently, longhoods are in high demand according to the rep. and going for top dollar. "We know a whole bunch of folks who would want your car"! Commission was set at 10% for an under 100K sale. I plan on selling my car and would think that handing it over to a Porsche dealership to place in a showroom setting for a low commission might be the way to go!

If a Porsche dealership is advising that the longhoods are in demand and prices are strong, who's to argue?

Bob
1973.5T

I have a 1969-911E all matching #'s , that I want to sell...Burgundy exterior and black exterior. I plan to sell my car, however I did reach out to a dealer in Atlanta and other national buyers that deal in collection cars, but he is willing to put it on consignment, however he does not want to buy it outright as he having difficulty moving the early 911's off his showcase. He said the 912 and 911SC are doing well. I might have to go the consignment route as well. As an owner of a 912, I really like driving that car more than my 911 therefore hence putting the car up for sale.