964 Price Crash
Discussion
Hi Guys
It seems that you can now get a really sorted 964 (engine rebuild, recent clutch etc) for £14k. When I was looking at around March this year it seemed to be £17k for the same sort of car.
Any idea what has happened? A seasonal thing? Boxsters and 996's flooding the market for similar prices?
Anyone fancy doing some crystal ball stuff as to what the market will be like in 12 months?
Cheers,
J
It seems that you can now get a really sorted 964 (engine rebuild, recent clutch etc) for £14k. When I was looking at around March this year it seemed to be £17k for the same sort of car.
Any idea what has happened? A seasonal thing? Boxsters and 996's flooding the market for similar prices?
Anyone fancy doing some crystal ball stuff as to what the market will be like in 12 months?
Cheers,
J
James,
I can tell you precisely what has happened in the 964 market. Over the years I have noticed a fairly predictable pattern regarding the sudden softening of value of certain cars, one that operates independantly of external market forces, seasonal fluctuations or variations in popularity and does not discriminate between marque or model. The only constant factor is yours truly.
Whenever I am searching for a new car (and this has happened several times), prices will be ridiculously firm and good examples non-existent. However, the instance my cheque is cashed and the new-motor situated on the driveway, every other owner of the same type of car within a 100 mile radius will decide that it is fire-sale time, everything must go, usually at about 20% less than what I paid the previous day. Wierd.
Being serious for a second, I think (hope) that the term 'price crash' may be slightly alarmist. I have noticed a couple of cheaper looking RHD 964s on PH over the last few weeks but these still appear to be in the minority. However, it is daft to expect these things to hold their value indefinitely, better to enjoy the envious glances and awesome noise IMHO. Hopefully any price slump is the precursor to everyone out there realising what a fabulous combination of old and new 911 they are and beating my door down with exorbitant cash offers (at which point I can tell them to s*d off)
.
I can tell you precisely what has happened in the 964 market. Over the years I have noticed a fairly predictable pattern regarding the sudden softening of value of certain cars, one that operates independantly of external market forces, seasonal fluctuations or variations in popularity and does not discriminate between marque or model. The only constant factor is yours truly.
Whenever I am searching for a new car (and this has happened several times), prices will be ridiculously firm and good examples non-existent. However, the instance my cheque is cashed and the new-motor situated on the driveway, every other owner of the same type of car within a 100 mile radius will decide that it is fire-sale time, everything must go, usually at about 20% less than what I paid the previous day. Wierd.
Being serious for a second, I think (hope) that the term 'price crash' may be slightly alarmist. I have noticed a couple of cheaper looking RHD 964s on PH over the last few weeks but these still appear to be in the minority. However, it is daft to expect these things to hold their value indefinitely, better to enjoy the envious glances and awesome noise IMHO. Hopefully any price slump is the precursor to everyone out there realising what a fabulous combination of old and new 911 they are and beating my door down with exorbitant cash offers (at which point I can tell them to s*d off)
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