Simonoz Posted 19October, 2014 Report Share Posted 19October, 2014 For the first time in my memory, (poor as it is these days), I see that Carsales is sitting at 1005 Porsches for sale. Usually its closer to 1,100, sometimes above that. Who's buying? Or is it people not selling? It always struck me that its a pretty good indicator of the world at large, and so, I'm thinking that doom and gloom is starting to take over. Any ideas? Link to comment Share on other sites More sharing options...
AC78 Posted 19October, 2014 Report Share Posted 19October, 2014 Warmer weather makes sports car owners less inclined to sell. It's a beautiful time of year to be out in the 911. Sell in winter, regret in summer! Link to comment Share on other sites More sharing options...
clutch-monkey Posted 19October, 2014 Report Share Posted 19October, 2014 i actually prefer mine in winter. it's a hotbox in summer haha. Link to comment Share on other sites More sharing options...
Boxer Posted 19October, 2014 Report Share Posted 19October, 2014 Me too, but its probably different for the mexicans Link to comment Share on other sites More sharing options...
Brick Posted 19October, 2014 Report Share Posted 19October, 2014 I have my eye on one and three emails later and no response. Perhaps the buyers are getting frustrated at lack of response and moving on to something else. I have always wanted a 911 so am prepared to hang in there, but is annoying. Link to comment Share on other sites More sharing options...
LeeM Posted 19October, 2014 Report Share Posted 19October, 2014 Less people getting divorced maybe? Link to comment Share on other sites More sharing options...
Coastr Posted 19October, 2014 Report Share Posted 19October, 2014 Everyone I talk to, from people who drive ships to accountants say the forward order book is very slim. Something has people spooked and the chequebooks are being put away. The only bright spot I have heard is a friend in the property development game who said it was the first time in five years they didn't do layoffs. But maybe they have hardly any staff left to layoff. I really don't know, though. Link to comment Share on other sites More sharing options...
Mike D'Silva Posted 19October, 2014 Report Share Posted 19October, 2014 Another hypothesis is that sellers are using other means to advertise... gumtree has been making a bit of a play with billboards everywhere... Not to mention Carsguide are going full chat on tv adverts.. comparing themselves directly to Carsales. Claiming that their adverts are free compared to carsales wanting $65. Might be worth setting up a watch counter for carsguide and gumtree to see if they are increasing by the same amount? Then again, how would you identify the dual listings? Link to comment Share on other sites More sharing options...
au-yt Posted 19October, 2014 Report Share Posted 19October, 2014 i wonder if the fact that more of the 911 models are more collectable and sales happen outside the public arena? I know of a word and mouth sale at present where the owner wants ensure the car goes to an to enthusiast and wont put it in the normal media.. Link to comment Share on other sites More sharing options...
Jimmy Posted 19October, 2014 Report Share Posted 19October, 2014 I have my eye on one and three emails later and no response. Perhaps the buyers are getting frustrated at lack of response and moving on to something else. I have always wanted a 911 so am prepared to hang in there, but is annoying. Try phoning, a lot sellers prefer direct contact and wont respond to emails. Link to comment Share on other sites More sharing options...
JV911 Posted 19October, 2014 Report Share Posted 19October, 2014 Less people getting divorced maybe? or more! The guys are free to purchase whatever they want now the finance minister is gone and all the good cars are being snapped up. Link to comment Share on other sites More sharing options...
tazzieman Posted 19October, 2014 Report Share Posted 19October, 2014 I suspect it's the ebola/Syria crisis with a bit of MH thrown in. Uncertain times. Link to comment Share on other sites More sharing options...
Simonoz Posted 19October, 2014 Author Report Share Posted 19October, 2014 All your points are valid, but to have a ten percent fall in listings in such a short period is very odd, and it indicates something is up. Spring in the air perhaps? Im not sure Carsguide has bitten Carsales yet, but if they stick with their free offer it might. Gumtree still looks like the last refuge of the sad and desperate seller, with the odd pearl in there to spice it up for the mavens. Link to comment Share on other sites More sharing options...
Pauly Posted 19October, 2014 Report Share Posted 19October, 2014 Maybe more people are buying and less are selling. Indicating they can afford to keep their cars? Link to comment Share on other sites More sharing options...
Brick Posted 20October, 2014 Report Share Posted 20October, 2014 Try phoning, a lot sellers prefer direct contact and wont respond to emails. Unfortunately seller has not provided contact details so have to send an enquiry by email. Makes you wonder if they are genuinely trying to sell or just testing the market. Link to comment Share on other sites More sharing options...
sleazius Posted 20October, 2014 Report Share Posted 20October, 2014 Everyone I talk to, from people who drive ships to accountants say the forward order book is very slim. Something has people spooked and the chequebooks are being put away. The only bright spot I have heard is a friend in the property development game who said it was the first time in five years they didn't do layoffs. But maybe they have hardly any staff left to layoff. I really don't know, though. I'm in health, about as bullet proof as you can get and we've gone off a cliff since July 1, new business is down 50% three months in a row and although a slight uptick in October will still be down 30%. I'm letting two staff go in the next two weeks and cutting the hours of a third. Worst trading conditions since we started the business 12 years ago. Thankfully our ongoing work shields us to some extent but if I was in a more discretionary industry I'd be worried. Link to comment Share on other sites More sharing options...
Tit Posted 20October, 2014 Report Share Posted 20October, 2014 I was not having much luck with selling my golf. Then on Friday I found a pile of enquiry emails (through the carsales system) in my spam folder!!! Fffffffffffffffff So...I updated my ad asking people to call me instead. Try phoning, a lot sellers prefer direct contact and wont respond to emails. Link to comment Share on other sites More sharing options...
Uncle Posted 20October, 2014 Report Share Posted 20October, 2014 As we all know the oilcooled market is overheated to say the least. When I bought my last car there was 19 930's on the market. Now there are 7 or 8. People are still buying but I get the feeling more people with cars are waiting to see it the price keeps climbing. The 996/7 market is all over the place lol. S1 Suto 996's dropping like stones. I maintain S1 996 GT3's to be sleepers. Link to comment Share on other sites More sharing options...
edgy Posted 20October, 2014 Report Share Posted 20October, 2014 I maintain S1 996 GT3's to be sleepers. People will wake up one day..... once everything else becomes unobtanium! Most 6.1's are CS too Link to comment Share on other sites More sharing options...
D-banger Posted 20October, 2014 Report Share Posted 20October, 2014 The total number of Porsche cars advertised on CarSales is very broad as per the broadness of the range of models offered. I suspect the answer may become more obvious if we knew the how the numbers advertised changed by break down of models. I only really follow the air-cooled/older 911 market and would have no idea how many 911 demonstratos, Boxsters, Caymans, Cayennes, Panemaras or Macans were being advertised. It may also be interesting to see the historical new car sales for Porsche. What is the average lease period these days? If the average lease is 3 years, and new car sales were low 3 years ago then this may be the answer. With regard to the air-cooled market, I suspect that anyone thinking of selling and who also feels that prices are rising will probably hang back while they see prices continue to rise. I also believe the 996.1 GT3 to be sleepers, but I've been thinking that for 5 years and have seen prices continue their fall for that period. Having said that, there was a time when you could pick-up a 964 RS for less than $100k !! Link to comment Share on other sites More sharing options...
Uncle Posted 20October, 2014 Report Share Posted 20October, 2014 My 5 year plan includes an S1 GT3 to go with the turbo hotrod. Link to comment Share on other sites More sharing options...
ByronBayChris Posted 20October, 2014 Report Share Posted 20October, 2014 Numbers dropping but pre 74 cars seem to be increasing? Link to comment Share on other sites More sharing options...
edgy Posted 20October, 2014 Report Share Posted 20October, 2014 My 5 year plan includes an S1 GT3 to go with the turbo hotrod. Stop giving me things to like uncle! Link to comment Share on other sites More sharing options...
Uncle Posted 20October, 2014 Report Share Posted 20October, 2014 LOL ok sorry! Link to comment Share on other sites More sharing options...
sleazius Posted 20October, 2014 Report Share Posted 20October, 2014 Maybe we should start a new thread - 'if prices moderate or decline, what are you buying?' .... I'll take a 997.2 GT3 RS Link to comment Share on other sites More sharing options...
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