GrantS Posted 21March, 2021 Report Share Posted 21March, 2021 Hi all, I'm keen to get collective view / wisdom on what people think used car and P-Car in particular prices will do over the course pf 2021. I have been looking to get in to a 997.2 or 991.1 Carrera for while, (I was planning to buy early this year) but it seems at the moment they are at least 20-30% up on where they were 12 months ago. This is just a subjective view, I thought this time last year a clean medium km, say 60,000, 997.2 Carrera could be had for 100-110k or so, now they seem seem 120-130+. I recall a Navy 1 owner low km 998.2 Carrera sitting for sale for a while at 110k this time last year Couple of current examples 40km, $148k https://www.carsales.com.au/cars/details/2009-porsche-911-carrera-s-997-series-ii-auto-my09/SSE-AD-7085612/?Cr= 39km $150k https://www.carsales.com.au/cars/details/2009-porsche-911-carrera-s-997-series-ii-auto-my10/SSE-AD-7108505/?Cr=6 Only 'cheap' ones now are with 160 km or UK import or both? What's the collective view on whether these will drop back to previous levels or whether this a permanent shift? thanks Quote Link to comment Share on other sites More sharing options...
Troubleshooter Posted 22March, 2021 Report Share Posted 22March, 2021 LeeM, tomo, cyberpunky and 4 others 3 4 Quote Link to comment Share on other sites More sharing options...
firstone Posted 22March, 2021 Report Share Posted 22March, 2021 I rekon everything is up and staying up. CV19 caused another level of optimism. Unless the ground falls out from under us. All What's your position if it does, and does it matter? How much fun can you have in the car and when do you want to start? 59 minutes ago, Troubleshooter said: This bloke's a banker, look at the tie. 🤣 tomo 1 Quote Link to comment Share on other sites More sharing options...
red clubbie Posted 22March, 2021 Report Share Posted 22March, 2021 The one for sale at $148K is my old car.... Cheers, Geoff. Quote Link to comment Share on other sites More sharing options...
flamingporsche Posted 22March, 2021 Report Share Posted 22March, 2021 If $150k is your budget, look seriously at 996 turbo manual and 997 turbo tip/pdk. Way more car and ‘those hips’ 😍 Quote Link to comment Share on other sites More sharing options...
Mik001 Posted 22March, 2021 Report Share Posted 22March, 2021 Inflation baby. Everything went up 10-15% last year. Not just cars. In the few months we’ve had this year it’s done it again. That’s what happens when they print money. brian in buddina and Spets87 2 Quote Link to comment Share on other sites More sharing options...
MARTY Posted 22March, 2021 Report Share Posted 22March, 2021 If the prices keep going up I’m just putting it out there I’ll sell my 996 for a bargain $100k😁 Rod C 1 Quote Link to comment Share on other sites More sharing options...
Coastr Posted 22March, 2021 Report Share Posted 22March, 2021 Is it even called printing money? More of a money firehose. When it all goes porsche prices will be the least of our problems. But money hose has been on for many years now, so refer back to crystal ball. Sitting on the sidelines with no house no Porsche waiting for the correction is a long wait. Quote Link to comment Share on other sites More sharing options...
LeeM Posted 22March, 2021 Report Share Posted 22March, 2021 11 minutes ago, Mik001 said: Inflation baby. Everything went up 10-15% last year. Not just cars. In the few months we’ve had this year it’s done it again. That’s what happens when they print money. Yep. As I'm in Bunnings nearly every day, I've noticed their prices have jumped for the second time since late last year. When we are one of their biggest weekly spend clients in SA, the extra costs add up pretty quickly Mik001 1 Quote Link to comment Share on other sites More sharing options...
KGB Posted 22March, 2021 Report Share Posted 22March, 2021 You’ll never pick the bottom or the top. Buy what you can afford, enjoy it, drive it and let it rise and fall like the tides. Every Porsche guy has a “wish I’da story” or three. With the ownership experience usually being quite intense, you really can’t lose... Costas, 911B, edgy and 5 others 7 1 Quote Link to comment Share on other sites More sharing options...
DJM Posted 22March, 2021 Report Share Posted 22March, 2021 Don’t confuse Carsales listing prices with actual sold prices and market value. Having said that, it’s obviously very difficult to really know but I can say categorically that the car I just bought was purchased for substantially less than the last listed price on Carsales......and I bought privately not from the dealer who marked it sold. Dealers obviously have a vested interest to portray the market to be above reality LeeM, Dreamr and micknine01 3 Quote Link to comment Share on other sites More sharing options...
LeeM Posted 22March, 2021 Report Share Posted 22March, 2021 1 hour ago, DJM said: Don’t confuse Carsales listing prices with actual sold prices and market value. Correctamundo 👍 Quote Link to comment Share on other sites More sharing options...
cyberpunky Posted 22March, 2021 Report Share Posted 22March, 2021 Dealers need to make a profit as it's a business. Consumers want a bargain. If the 2 can meet in the middle, deals are done. None of it is rocket science and of course sellers, be they private or dealerships want top dollar, negotiation has to start somewhere Quote Link to comment Share on other sites More sharing options...
DJM Posted 22March, 2021 Report Share Posted 22March, 2021 I don’t have an issue with dealers making a profit. Some people are happy paying a premium to buy from a dealer. My issue is when they artificially inflate/misrepresent the price a car sold for. The only reason to do this is to mislead the market into paying more for the next car. firstone and KGB 1 1 Quote Link to comment Share on other sites More sharing options...
tomo Posted 22March, 2021 Report Share Posted 22March, 2021 You also pay the GST through dealers . Quote Link to comment Share on other sites More sharing options...
cyberpunky Posted 23March, 2021 Report Share Posted 23March, 2021 10 hours ago, DJM said: I don’t have an issue with dealers making a profit. Some people are happy paying a premium to buy from a dealer. My issue is when they artificially inflate/misrepresent the price a car sold for. The only reason to do this is to mislead the market into paying more for the next car. Where has anyone said the end sale price? They simply marked it as sold, so not sure how that falsely represents the final price. I think you are over thinking it. It's not like an auction that posts sold for prices. Was for sale, now it's sold, but that's all it is. Its an assumption that it got asking price or that others would read that as market value. It's merely saying no longer available. Quote Link to comment Share on other sites More sharing options...
JLD Posted 23March, 2021 Report Share Posted 23March, 2021 1 hour ago, cyberpunky said: Where has anyone said the end sale price? They simply marked it as sold, so not sure how that falsely represents the final price. I think you are over thinking it. It's not like an auction that posts sold for prices. Was for sale, now it's sold, but that's all it is. Its an assumption that it got asking price or that others would read that as market value. It's merely saying no longer available. There are algorithms on Carsales that produce sale prices. If a car is marked as sold at a high price, it is reflected in these algorithms, and then when you list a car it suggests a price. This is also why you sometimes see a car that’s listed with a dealer suddenly drop in price and then is marked as on hold or sold. This is when they’re truly reporting the sale price. So basically an honest dealer will amend and correctly report, another with ulterior motives will load up a sale price despite not actually selling it DJM 1 Quote Link to comment Share on other sites More sharing options...
DJM Posted 23March, 2021 Report Share Posted 23March, 2021 2 hours ago, cyberpunky said: Where has anyone said the end sale price? They simply marked it as sold, so not sure how that falsely represents the final price. I think you are over thinking it. It's not like an auction that posts sold for prices. Was for sale, now it's sold, but that's all it is. Its an assumption that it got asking price or that others would read that as market value. It's merely saying no longer available. Simply stating fact - Carsales shows that Chellingworth sold it (they didn’t) and last listed price suggests that what it sold for (it didnt). Why would they do that.....🤔. By the way, Miami blue bottom left did NOT sell. It was withdrawn from market but marked as sold at the asking price which again was a lot more than it nearly sold to me for. More misleading data. t888 and edgy 2 Quote Link to comment Share on other sites More sharing options...
edgy Posted 23March, 2021 Report Share Posted 23March, 2021 I’m with @DJM it’s a bit dubious, unless you have the inside scoop it’s hard to validate a transaction value... A little bit like the real estate agents who come off a period of bumper sales in an area only to start marking subsequent properties as “sold, price withheld” Quote Link to comment Share on other sites More sharing options...
JLD Posted 23March, 2021 Report Share Posted 23March, 2021 1 hour ago, edgy said: I’m with @DJM it’s a bit dubious, unless you have the inside scoop it’s hard to validate a transaction value... A little bit like the real estate agents who come off a period of bumper sales in an area only to start marking subsequent properties as “sold, price withheld” Imagine! a car dealer being involved in dubious activities! Well I never... Troubleshooter, Costas and DJM 3 Quote Link to comment Share on other sites More sharing options...
edgy Posted 23March, 2021 Report Share Posted 23March, 2021 1 hour ago, JLD said: Imagine! a car dealer being involved in dubious activities! Well I never... I know right? And to think, I had them at the top of my trustworthy scale... Quote Link to comment Share on other sites More sharing options...
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