Blame Auto Trader for the 996 Prices
#91
Rennlist Member
Trending 993 prices have less to do with production numbers and more to do with market speculation... They made 50,000-65,000 of them (quoted production numbers vary). While small compared to newer 911's, that's not exactly 'rare', especially as they are only 15-20 years old and most are still either on the road or restorable.
'Collector' car prices also can go DOWN as fast as they go up. The 'coat tail' cars (the so-so cars that get bid up to high prices after sales of really special, low mileage, concours quality, fully documented cars at astronomical prices) are the ones that fall the fastest.
Also, asking or even sale prices of some of these 'speculation' cars really have nothing to do with how great the car is... What an absolute steaming pile of crap most '70 era pontiac's were, but a restored '73 Firebird Trans Am is now $175,000??? Let's see... For that I'll take a 997.2 Turbo, a 2015 twin turbo F150 crew cab, and a $50,0000 gas card.
'Collector' car prices also can go DOWN as fast as they go up. The 'coat tail' cars (the so-so cars that get bid up to high prices after sales of really special, low mileage, concours quality, fully documented cars at astronomical prices) are the ones that fall the fastest.
Also, asking or even sale prices of some of these 'speculation' cars really have nothing to do with how great the car is... What an absolute steaming pile of crap most '70 era pontiac's were, but a restored '73 Firebird Trans Am is now $175,000??? Let's see... For that I'll take a 997.2 Turbo, a 2015 twin turbo F150 crew cab, and a $50,0000 gas card.
Last edited by pfbz; 12-11-2014 at 04:56 PM.
#93
Again: to all you pseudo-speculators, theologists, and, frankly, whiners who think the 996 is the first 911 to want a couple grand worth of remediation *after it leaves the factory: THANKS! If you weren't so silly, I couldn't plunk down a manageable sum (just like I did with my 2.2 and my 3.2), address some well-known built-in weaknesses (just like I did with my 2.2 and my 3.2), and head down the road in a dealer-only-serviced, low-mileage, heavily-optioned 911 (nothing like I did with my 2.2. and my 3.2).
Don't worry, I'm still verrry nervous! The odometer's not connected to my retirement plans and the tensionerstudvalveguidebearing has been addressed, so I'm panicked about what to do with my used sports car besides drive and enjoy it.
See you at Mary Kay Motorsports Park!
Don't worry, I'm still verrry nervous! The odometer's not connected to my retirement plans and the tensionerstudvalveguidebearing has been addressed, so I'm panicked about what to do with my used sports car besides drive and enjoy it.
See you at Mary Kay Motorsports Park!
#94
Rat Balls
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Took my 997.2 in for service today (I think a deviated stitch is misaligned). They had a gorgeous 1996 993 Turbo on the sales floor. $249K. No kidding.
http://www.porsche-scottsdale.com/de...-12799546.html
http://www.porsche-scottsdale.com/de...-12799546.html
#95
Nordschleife Master
Trending 993 prices have less to do with production numbers and more to do with market speculation... They made 50,000-65,000 of them (quoted production numbers vary).
While small compared to newer 911's, that's not exactly 'rare', especially as they are only 15-20 years old and most are still either on the road or restorable.
While small compared to newer 911's, that's not exactly 'rare', especially as they are only 15-20 years old and most are still either on the road or restorable.
Took my 997.2 in for service today (I think a deviated stitch is misaligned). They had a gorgeous 1996 993 Turbo on the sales floor. $249K. No kidding.
http://www.porsche-scottsdale.com/de...-12799546.html
http://www.porsche-scottsdale.com/de...-12799546.html
#96
Rennlist Member
That's over 42,000 in US sales alone, so I think the 50K+ for total production seems realistic.
993s are not rare by any definition of "rarity" associated with the collector car market.
I like the 993 style, a lot, but I personally think the 993 values are a bubble.
993s are not rare by any definition of "rarity" associated with the collector car market.
I like the 993 style, a lot, but I personally think the 993 values are a bubble.
#97
Nordschleife Master
The total is 24,041
#98
Wow (srsly). I knew 993 were rare, didn't know they were that rare. No wonder I can't afford one!
Some 911s-- including, apparently, all 993s-- are collector's items. The rest are just cars...
terrific cars.
Some 911s-- including, apparently, all 993s-- are collector's items. The rest are just cars...
terrific cars.
#99
Rennlist Member
Welcome to the Global Reality... Or did you think the collector car market was driven by US production numbers only?
...and here's another Porsche even more 'rare' than the 993's..
RARE is a 959... Under 300 produced.
RARE is a 1974 Carrera RS 3.0, 109 produced.
RARE is NOT a 993 Turbo, 5,978 produced.
...and here's another Porsche even more 'rare' than the 993's..
RARE is a 959... Under 300 produced.
RARE is a 1974 Carrera RS 3.0, 109 produced.
RARE is NOT a 993 Turbo, 5,978 produced.
Last edited by pfbz; 12-11-2014 at 11:12 PM.
#100
Nordschleife Master
The 928 is another example that is rising in value... buy now.
#101
Rennlist Member
Nope. When your talking collector car price bubbles, it's definitely a global market. Do you think shipping costs would deter a euro buyer if he was insane enough to be interested in a quarter million dollar 993?
Europe exports a crapload of new cars to the US, with many RO-RO (roll on - roll off) transports arriving every day and heading back across the pond largely empty, so shipping a car the other way is cheap. Like $900 retail.
Europe exports a crapload of new cars to the US, with many RO-RO (roll on - roll off) transports arriving every day and heading back across the pond largely empty, so shipping a car the other way is cheap. Like $900 retail.
Last edited by pfbz; 12-11-2014 at 11:55 PM.
#102
Rennlist Member
It is very much a global market. I know quite a few guys on Pelican that have sold early cars to Europe.
I posted on a similar thread in Pelican OT, there were about twice as many 996s made per year than 993s, and the 996 was made for twice as many years. Good source here:
http://www.porschemag.com/render.cfm...uction_volumes
I'm still waiting to see those collectible 928s. Maybe a GTS, but they have never been cheap.
I posted on a similar thread in Pelican OT, there were about twice as many 996s made per year than 993s, and the 996 was made for twice as many years. Good source here:
http://www.porschemag.com/render.cfm...uction_volumes
I'm still waiting to see those collectible 928s. Maybe a GTS, but they have never been cheap.
#103
Rennlist Member
My point though is that 993s are not rare in the sense of collector car rarity.
As pointed out above rare is 959s, early 70s RSs, even maybe turbo slantnose, etc.
If relatively low production equals high five and six digit sales figures (for 993s), then 968s ought to be booming very shortly, and 928 GTS should be through the roof (they kind of are tho).
Again, I really like 993s and I'm not bashing them, its just that I don't see a fundamental reason for their recent quick rise in value. What goes up, often comes right back down.
#104
It's a global market. Nevertheless, the 993 was made in far smaller numbers than anything other than the 964, which was originally the red headed step child, before that honor went to our beloved 996. But it's STILL a bubble. I think. Probably.