Has the ship sailed?

[trader220]

Has the boat left the dock?

Loads of unsold cars at high prices all over the market.

Take your pick of 100k plus mile SC's in the 40's.
All kinds of middies in the high 30's low 40's.
All the 930's you can handle over $100k.
Plenty of 3.2 G50 Carreras in the $50's.
Take your pick of colors in a 993 C4S over $90k.
964 C2 manual Coupes over $55k with 100k plus miles.
964 C4 coupes all over the price map.
How many RSA's do you want at over $120k ? They only made 700 or so.
Pick your colors and miles.
Want a 94 Speedster? Red, White or Black... ? They're sitting out there unsold now with miles up and down the scale.

[pu911]

Many examples of over priced cars that will not sell at current asking prices. Market peaked quite a while ago for most air cooled 911's and 930's. Motivated sellers will find market correct pricing and sell.

Phil

[93097004xx]

Originally Posted by pu911

Many examples of over priced cars that will not sell at current asking prices. Market peaked quite a while ago for most air cooled 911's and 930's. Motivated sellers will find market correct pricing and sell.

Phil

Wrong on all accounts..

They don't need to sell their cars

They are not distressed merchandise

If prices settle the will simply hold for a few years and sell for even more.

For all those griping about the price of air cooled Porsches answer is simple, find another make or has everyone forgot about looking at a WATER COOLED PORSCHE.


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[epinfren]

Originally Posted by pu911

Many examples of over priced cars that will not sell at current asking prices. Market peaked quite a while ago for most air cooled 911's and 930's. Motivated sellers will find market correct pricing and sell.

Phil

Clearly this is a subjective issue because for me this is 100% correct on all accounts. It's kind of blatantly obvious actually.

[1979-930]

There are so many things going on right now with the election and holidays around the corner only someone that really, really wants a Porsche and has no Family to support could possibly think, "Now is the time." It would have to be a screaming deal to get me to pull the trigger.
My list of why I don't want to spend any money are; I have not meet with the Tax accountant yet, who knows what next years political "TAX" landscape will look like, Medical is going up another 13% (after two years of high increases), interests rates "may" go up, I had three projects that could not get lending this year
(how will commercial lending be next year?), Stock market is only up 300 points from last October, Christmas bonuses and the Christmas party are weeks away, and then there's Christmas.

So yea, Buying another Toy for myself is not even a thought. That my perspective.
We'll see if everyone is giddy again, and blowing their money on toys, in the spring.

[93097004xx]

Funny why some people think you would ever NEED to sell a air cooled Porsche.

Again I seriously don't understand why people just don't look at a water cooled Porsche or even another make so many cheap M cars out there also Japanese cars. Stop griping and take advantage of the cheap and plentifully water cooled Porsches/ BMW M cars/ Japanese cars/ Mercedes 124 cars are a HUGE bang for the buck and super plentiful they made 2,562,143 of them.

[trader220]

Originally Posted by 93097004xx

Wrong on all accounts..

They don't need to sell their cars

They are not distressed merchandise

If prices settle the will simply hold for a few years and sell for even more.

For all those griping about the price of air cooled Porsches answer is simple, find another make or has everyone forgot about looking at a WATER COOLED PORSCHE.


Sent from my iPhone using Tapatalk

QUESTION:

Since both posts are opinions how can one be wrong and the other correct?

I might make the argument that some of the cars on the market are distressed inventory. Cars bought at high prices by dealers/flippers who are stuck with them, and have cash tired up in them which they could use for something that's going to earn them a return on investment.

I am not griping about prices, in fact its just the opposite. I feel no sympathy for sellers who greedily think they're sitting on a pot of gold as they try and sell their car for much more than the markets willing to pay now.

I have said in quite a few threads that when people start talking about cars as an "asset class" it makes me want to find someone who will write me a credit default swap on that "asset class". I dont care what the underlying is, when something rises in price at such a huge rate in such a short time the high water mark is unsustainable. We still have not seen the all time high set by the COMP back in 2001. The price appreciation in the COMP back then was just as silly. I remember walking on to the floor in the morning and seeing the NDX futures up 100 bucks a day, knowing full well that the party would end ugly someday.

When my father the Physician, says to me there are more doctors in the lounge day trading then practicing medicine then I know the markets over valued(2000-2001). When there are so many dealers and flippers in the market for air cooled cars that you cant buy one fast enough then the markets over valued.

[Matt Monson]

Winter is coming.

[epinfren]

Originally Posted by 93097004xx

Funny why some people think you would ever NEED to sell a air cooled Porsche.

Again I seriously don't understand why people just don't look at a water cooled Porsche or even another make so many cheap M cars out there also Japanese cars. Stop griping and take advantage of the cheap and plentifully water cooled Porsches/ BMW M cars/ Japanese cars/ Mercedes 124 cars are a HUHGE bang for the buck and super plentiful the mad 2,562,143 of them.

Griping? Who is griping?

Big difference between people supposedly griping and waiting for more air to come out of the bubble...which is inevitable.

There are plenty of people that need to sell their air cooled Porsche. Isn't that kind of obvious right now with the current market situation? The reason you're seeing the decline in prices is because everyone that bought in to the hype in 2014-15 are now trying to cash out of what they thought was an investment. The market is flooded with cars that people thought were going to continue to go up in massive margins and now reality has set in.

It's simply supply and demand. The demand to overpay for an air cooled ceases to exist. Only the very tip of the top will continue to bring top dollar. All the driver level cars people thought were going to rise like the concours cars are now being liquidated.

[93097004xx]

Originally Posted by trader220

QUESTION:



Since both posts are opinions how can one be wrong and the other correct?



I might make the argument that some of the cars on the market are distressed inventory. Cars bought at high prices by dealers/flippers who are stuck with them, and have cash tired up in them which they could use for something that's going to earn them a return on investment.

I want to be respectful, we both know that OVER half of the ads for air cooled Porsche are just owners wanting to see their car advertised, if some comes along pays them more than they want for the car fine, if not fine too as the car was never really for sale anyways.

This is why there are so many cars unsold. They aren't really for sale unless someone really wants to pay and that's a big maybe because then it's like what do you replace a air cooled Porsche with??

How do you replace a air cooled Porsche


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[Mick_D]

Not in Australia. Well, ok: Not until after summer and autumn.

Originally Posted by Matt Monson

Winter is coming.

[Mick_D]

SOMEBODY really needs to put the crack pipe down. Probably me.

Here's a question: When was the last mass shooting in the US? Maybe I should rephrase: When was the last mass shooting that got more coverage than the election?

[Matt Monson]

Originally Posted by Mick_D

Not in Australia. Well, ok: Not until after summer and autumn.

Australia no longer matters in the market. The Aussie tanking guaranteed that.

[trader220]

Originally Posted by 93097004xx

I want to be respectful, we both know that OVER half of the ads for air cooled Porsche are just owners wanting to see their car advertised, if some comes along pays them more than they want for the car fine, if not fine too as the car was never really for sale anyways.

This is why there are so many cars unsold. They aren't really for sale unless someone really wants to pay and that's a big maybe because then it's like what do you replace a air cooled Porsche with??

How do you replace a air cooled Porsche


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I have no doubt that there are some people who have their car out there at a high price and if it sells... great... if not its no big deal.

I am looking at the broader market in these cars, not just pelican. I think the number of listing across the board which fall into that category is rather small. Just my opinion but I dont think its anywhere near 50/50. I would guess its less than 10% if you look at all of the places these cars are listed.

[Skwerl]

Originally Posted by trader220

When my father the Physician, says to me there are more doctors in the lounge day trading then practicing medicine then I know the markets over valued(2000-2001). When there are so many dealers and flippers in the market for air cooled cars that you cant buy one fast enough then the markets over valued.

The old Roaring 20s/Depression-era observation of "when your shoe shiner is telling you which stocks to buy, it's time to get out" has often felt apropos in the air-cooled market the past couple years to me.

[Mick_D]

Oh! Well. I didn't know.
But never fear, it won't be much of a winter. Probably won't even get below freezing anywhere near me.
You know what this means, right? Mosquitoes year round.

Originally Posted by Matt Monson

Australia no longer matters in the market. The Aussie tanking guaranteed that.

[trader220]

Originally Posted by Skwerl

The old Roaring 20s/Depression-era observation of "when your shoe shiner is telling you which stocks to buy, it's time to get out" has often felt apropos in the air-cooled market the past couple years to me.

Classic, I was going to write the exact same analogy about the shoeshine guys outside the exchange back in 2001 but my father telling me about the doctors in the lounge always struck me as the modern version. My grandfather was an NYSE specialist for 50 years, he retired in the 1970's. He always had a million classic trading stories. He was dying when I got my first clerkship on the floor and the only advice he ever got to give me was to make sure I wore a good pair of lace up shoes, never loafers.

[onevoice]

The market is always right.

Those prices look like a leveling off, not a decline. Only a fool would think the prices on anything can increase at huge jumps forever.

I have only owned my 911 for a couple of years and I think prices for normal driver cars was too low for too long, and current prices were an overdue correction. I always wanted a 911, but never really looked because I assumed they were far more expensive than they were. When I was in college, I had a neighbor who drove a 911sc, his dad was a dealer. It was twice the price of a corvette. When I had been out of school for about 10 years, a 964 was roughly twice the price of a corvette. I was surprised in the 2012 timeframe that a 964 could be had for half of what I sold my nice 67 Camaro for. Prices are up since then, but up to a realistic level, not outrageousness.

Looking at another way, a nice mid year, SC, or 964 is still about the same or less than the depreciation hit a new 911 takes in the first three or four years after it leaves the showroom. Which of those is the rediculous number?

[trader220]

Originally Posted by onevoice

Looking at another way, a nice mid year, SC, or 964 is still about the same or less than the depreciation hit a new 911 takes in the first three or four years after it leaves the showroom. Which of those is the rediculous number?

Apples and Oranges.... The buyer of an air cooled 911 is not the typical buyer of a new or newer 911.

[christiandk]

Originally Posted by trader220

Has the boat left the dock?

Loads of unsold cars at high prices all over the market.

Take your pick of 100k plus mile SC's in the 40's.
All kinds of middies in the high 30's low 40's.
All the 930's you can handle over $100k.
Plenty of 3.2 G50 Carreras in the $50's.
Take your pick of colors in a 993 C4S over $90k.
964 C2 manual Coupes over $55k with 100k plus miles.
964 C4 coupes all over the price map.
How many RSA's do you want at over $120k ? They only made 700 or so.
Pick your colors and miles.
Want a 94 Speedster? Red, White or Black... ? They're sitting out there unsold now with miles up and down the scale.

Yes. Yes it has.

Skwrl, you hit the nail right on the head!