Crazy market values?
Discussion
Currently in the market for a 718 Boxster (don't let the username fool you), but all the used values seem to be insanely high at the moment. I know Spring is peak car market for a convertible but even the Caymans seem really high too.
Presume is driven by covid lack of builds/ low stocks and global semiconductors shortages (e.g. JLR closing their plant) ? When do people expect prices to soften ?
Dealer spreads seem insanely high too, but presume is usual for the low volumes.
Presume is driven by covid lack of builds/ low stocks and global semiconductors shortages (e.g. JLR closing their plant) ? When do people expect prices to soften ?
Dealer spreads seem insanely high too, but presume is usual for the low volumes.
Market is indeed very strong. With the lack of "supply" in the form of new cars because of manufacturing issues combined with some very strong interest in sports cars over the last nine months dealers don't have enough stock and and used prices are incredibly strong. It's amazing how few cars there are for sale of some models. Prices are up somewhere between 5 to 10% depending on the car.
I don't see things changing until new cars are coming through in normal volumes and even then I am not sure that will impact some of the more sort after cars. Assets broadly are very well bid...I am currently trying to buy a house which is not easy right now I can tell you !
I don't see things changing until new cars are coming through in normal volumes and even then I am not sure that will impact some of the more sort after cars. Assets broadly are very well bid...I am currently trying to buy a house which is not easy right now I can tell you !
Yes, certain sectors seem to be enjoying the ‘feel good factor’ at the moment.
Combination of reasons, I guess - Lockdown/end of Lockdown, pent-up demand, time of year, limited travel plans, Tax hikes yet to be announced, demise of ICE yet to be felt......
Of course there will be other sectors suffering, or likely to suffer, but for economic recovery, we do need confidence from those with the resources to keep spending.
However, for the moment, it is a ‘sellers market’, so still pays to be cautious.
Combination of reasons, I guess - Lockdown/end of Lockdown, pent-up demand, time of year, limited travel plans, Tax hikes yet to be announced, demise of ICE yet to be felt......
Of course there will be other sectors suffering, or likely to suffer, but for economic recovery, we do need confidence from those with the resources to keep spending.
However, for the moment, it is a ‘sellers market’, so still pays to be cautious.
As I’ve recently said in another thread I just sold my late 2019 718 Boxster to a dealer for £3k more than WBAC were offering and the dealer has it for sale for nearly £5k more than I paid for it nearly 18 months ago. I’ve got a new Boxster 25 on order which I’m hoping will get a confirmed build slot shortly but if we don’t, I don’t think I’d buy another car this year unless prices settle down.
In other news we’ve also got a late 2015 Cayman 2.7 PDK with 26k miles on it and we were thinking of selling that as well but that’s gone up £4K in 2 months according to WBAC so I think we going to keep it for a while longer.
The world has indeed gone nuts but I don’t think that it’ll last forever.
In other news we’ve also got a late 2015 Cayman 2.7 PDK with 26k miles on it and we were thinking of selling that as well but that’s gone up £4K in 2 months according to WBAC so I think we going to keep it for a while longer.
The world has indeed gone nuts but I don’t think that it’ll last forever.
tedblog said:
Theres been a shift as people are after used as new cars arent selling , the only make doing well is Mini at the moment.
A sign of things aren't doing too well is the 0% offers on at the moment.
No reason to doubt that but wasn't aware of that at all ! My impression was that dealers were busy ? I thought finance was always cheap at the moment ! A sign of things aren't doing too well is the 0% offers on at the moment.
Definitely crazy at the moment - went to test drive a used car at my local OPC and the car was sold under me whilst the trade plates were being attached. Friend of mine bought a 911 T in October, cheapest comparable car is 10k more now…. Only 2 used cars in stock at my local OPC and end of the year earliest for a new car (though I think that’s comparable for most new Porsches I’ve bought)
Just a thought about Porsche’s.
Typically Porsche dealers buy these and resell, but they are reluctant to hold the same levels of stock plus New car sales slow so it translates as a smaller supply market.
I’m not sure the demand is huge though, but clearly supply affected much more than demand.
Typically Porsche dealers buy these and resell, but they are reluctant to hold the same levels of stock plus New car sales slow so it translates as a smaller supply market.
I’m not sure the demand is huge though, but clearly supply affected much more than demand.
Trikster said:
Cheib said:
An OPC only has 2 cars used cars in stock ?!
Just checked their website - 6 now, if you exclude their demos.....Voodoo Blue said:
As I’ve recently said in another thread I just sold my late 2019 718 Boxster to a dealer for £3k more than WBAC were offering and the dealer has it for sale for nearly £5k more than I paid for it nearly 18 months ago. I’ve got a new Boxster 25 on order which I’m hoping will get a confirmed build slot shortly but if we don’t, I don’t think I’d buy another car this year unless prices settle down.
In other news we’ve also got a late 2015 Cayman 2.7 PDK with 26k miles on it and we were thinking of selling that as well but that’s gone up £4K in 2 months according to WBAC so I think we going to keep it for a while longer.
The world has indeed gone nuts but I don’t think that it’ll last forever.
The Cayman has just gone up another £1k in a week according to WBAC, at this rate we’ll get back what we paid for it when it was new before the end of the year In other news we’ve also got a late 2015 Cayman 2.7 PDK with 26k miles on it and we were thinking of selling that as well but that’s gone up £4K in 2 months according to WBAC so I think we going to keep it for a while longer.
The world has indeed gone nuts but I don’t think that it’ll last forever.
Voodoo Blue said:
Voodoo Blue said:
As I’ve recently said in another thread I just sold my late 2019 718 Boxster to a dealer for £3k more than WBAC were offering and the dealer has it for sale for nearly £5k more than I paid for it nearly 18 months ago. I’ve got a new Boxster 25 on order which I’m hoping will get a confirmed build slot shortly but if we don’t, I don’t think I’d buy another car this year unless prices settle down.
In other news we’ve also got a late 2015 Cayman 2.7 PDK with 26k miles on it and we were thinking of selling that as well but that’s gone up £4K in 2 months according to WBAC so I think we going to keep it for a while longer.
The world has indeed gone nuts but I don’t think that it’ll last forever.
The Cayman has just gone up another £1k in a week according to WBAC, at this rate we’ll get back what we paid for it when it was new before the end of the year In other news we’ve also got a late 2015 Cayman 2.7 PDK with 26k miles on it and we were thinking of selling that as well but that’s gone up £4K in 2 months according to WBAC so I think we going to keep it for a while longer.
The world has indeed gone nuts but I don’t think that it’ll last forever.
It's getting very difficult to resist these numbers, and I really love the car!
How long do people think the high valuations will last?
I am in the market for another Porsche been looking for a while at manual 911T , Gts , gt4 , Spyder, etc and IMHO prices are riding about 10% higher than where they were heading and what they should be! This is most likely down to coming out of lock down and consumers having a bit of a spend up also a lack of new cars(which by the way is nothing new for Porsche) So I am not buying now am going to wait for the effects of furlough ending we reality kicks in and government policy to pay for the past years jolly for some!Maybe wrong but I am not risking throwing £10k down the drain over the course of the next 6 months just to satisfy want over need
To give you an idea, 992 C2S, 18 months old, 4k miles, £102k car, WBAC offering £87k, OPC £89k and had an Indie at £90k.
Very happy with that, had priced in double that loss.
Not selling it, did occur to me, but ended up an EV Polestar through the company scheme as a daily, life is too short
Should make a nice combo, but note to self: DRIVE THE 911 MORE!!!!
Very happy with that, had priced in double that loss.
Not selling it, did occur to me, but ended up an EV Polestar through the company scheme as a daily, life is too short
Should make a nice combo, but note to self: DRIVE THE 911 MORE!!!!
Edited by dgswk on Thursday 29th April 18:22
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