993 price trends

[vinceg]

Posted recent requesting feedback/opinion on current 993 market re a typical spec I had in mind "" got lots of good feedback "" many thanks to all that replied. Have 1 further question to the forum and again would be grateful for any opinions. Yes I know this is supposed to be a heart thing - but unfortunately I'm a head guy so will probably over analyze before I splash the cash.

Question "" what has happened to the 993 market over the past 12 months? I had heard that last summer saw a significant peak in prices where prices had been flat/rising in period prior to that, now falling although slowly. Is this so? I would assume that Cayman, new boxster, and creeping negativity re GB economy would be the primary influences here "" thoughts? What would be your best guesses on value of a good late £30k now 993 value in 2 years?

 

[Guest]

Spoke to a trader a few weeks ago who insisted that 993 prices had bottomed out and that they were holding their own from here on in. Didn't agree with him then, and having looked into it I still don't.

The market is very soft, has been all year and shows no signs of picking up in the short to medium term. Boxster and Cayman have no influence on 993 prices, completely different set of aspirations at work. The same cannot be said for 996's and their prices, and as you rightly say the economic situation, though the economy does not impact upon people spending £25-30k on a sports car in the same way as people wanting to change their family Zafira.

£30k sounds like a lot of money to be spending on a 993; they are about for quite a lot less, but I think if the market stays where it is you have to be looking at 15 to 18 per cent on a cooking C2 in next 2 years, meaning worst case scenario your £30k becomes £25k-ish in Summer 2007.

If you are looking at spending £30k retail on a C2 then you also have to factor in the majority of the trade margin (the premium for buying with the protection of the Sale of Goods Act, which you will be losing) on top, so say your £30K trade car now is worth maybe £27k privately, take your depreciation off that gives you maybe 23 grand in Summer 2007 (again worse case scenario).

I agree with the sentiment expressed elsewhere suggesting good examples of the 'S' are a safer place to have money at the minute. I would widen that to include low mile Targas and Cabs in the right colours but I am talking about the best of the best. They will still come back (depreciate) but nothing like as much IMO if you buy a nice one to start with and keep it up to scratch in your tenure. I would put it somewhere in the region of 12-14% in next two years with average use.

HTH

 

[Sundeep]

ORIGINAL: johndglynn

Spoke to a trader a few weeks ago who insisted that 993 prices had bottomed out and that they were holding their own from here on in. Didn't agree with him then, and having looked into it I still don't.

The market is very soft, has been all year and shows no signs of picking up in the short to medium term. Boxster and Cayman have no influence on 993 prices, completely different set of aspirations at work. The same cannot be said for 996's and their prices, and as you rightly say the economic situation, though the economy does not impact upon people spending £25-30k on a sports car in the same way as people wanting to change their family Zafira.

£30k sounds like a lot of money to be spending on a 993; they are about for quite a lot less, but I think if the market stays where it is you have to be looking at 15 to 18 per cent on a cooking C2 in next 2 years, meaning worst case scenario your £30k becomes £25k-ish in Summer 2007.

If you are looking at spending £30k retail on a C2 then you also have to factor in the majority of the trade margin (the premium for buying with the protection of the Sale of Goods Act, which you will be losing) on top, so say your £30K trade car now is worth maybe £27k privately, take your depreciation off that gives you maybe 23 grand in Summer 2007 (again worse case scenario).

I agree with the sentiment expressed elsewhere suggesting good examples of the 'S' are a safer place to have money at the minute. I would widen that to include low mile Targas and Cabs in the right colours but I am talking about the best of the best. They will still come back (depreciate) but nothing like as much IMO if you buy a nice one to start with and keep it up to scratch in your tenure. I would put it somewhere in the region of 12-14% in next two years with average use.

HTH

cheers Quentin Wilson []

says me with my 100k+ mile LHD Car [&:]

 

[968er]

Got to agree that there are a lot of 993's around £20 - 25k but you will be looking at a lot of tired examples. When I was replacing my car last year looked at a lot of 993's and was very dissappointed at the general condition of a lot of them. There are bargains, but you will have to spend some money on them. Good examples are still £30k plus.

 

[Guest]

Haven't seen a decent UK car under £25k yet but it's not far away IMO.

Yes the nicest, rarest stuff will always be worth a premium but these cars are in the distinct minority and therefore do not dictate the market. The market is for average cars, rarer models are to some extent outside of the market. Bearing that in mind, before anyone decides that values are now on their way up the other side of the bathtub and that all 993's enjoy zero depreciation, ask yourself three (actually four) things:

1. How many 993's will return to the market over the next two years?
2. Will there be a surplus of buyers for the available cars?
3. Same questions for 996's.

I don't believe demand for average 993's will outstrip supply, therefore sellers will be competing for buyers, therefore values of average cars will have to keep falling back. The big question is: how far will average stuff slide before the market looks around and collectively exclaims 'bloody hell they're cheap' and the depreciation curve on average cars starts to level out?

My guess would be £21/22k private for an average miles, average condition RHD example. That means below average RHD will be £20k but then nice ones could be 10 grand plus more than that, depending on the buyer's enthusiasm for tidy 993's (remember 996 prices will continue to come back in the meantime).

That doesn't mean I don't think they will ever be cheaper than this, that means I think they will start to depreciate a bit slower once they hit that point. I can see a time when average RHD 993's hover at or around 20, but I think that by that stage they will have started to settle.

True, prices on some things are moving up at the minute, the best examples of 964RS, Clubsport, 930 and so on. But vanilla 993 C2's are nowhere near out of the woods as far as depreciation is concerned. In my opinion obviously.

ps: No Mo, this is not wishful thinking, give me a chip-free narrow-bodied 911 any day! [8D]

 

[willstatt]

What better looking car ever than a Narrow bodied 993?

(not that I'm biassed)

 

[Booman]

a wide bodied 993.....[]

 

[Sundeep]

Glenn......... can't tell from the side ! [:-]

 

[38F3E1]

I wonder if there is a correlation between how we like our ladies and how we like our 993s? I personally prefer the lean athletic for both []

 

[Guest]

ORIGINAL: ian_uk

I wonder if there is a correlation between how we like our ladies and how we like our 993s? I personally prefer the lean athletic for both []

Ooooh nice question Ian []

 

[Guest]

Personally, I'm not at all interested in ladies. I like good WOMEN! And slim and sexy like my C2.

 

[Guest]

Yeah, but we've always admired the 993 for her big hips... and you know what they say... that hips gives more cushion for the pu... [][]

 

[mikejb993]

Due to ride quality, and general feel through the steering wheel, its no suprise that you seem to have missed your parking spot and found yourself on the grass by mistake. In a C2 one would have noticed this imediately.

CONTRAVERSIAL!!!! (don't mean it really, sorry, couldn't resist)

 

[Booman]

hey sundeep, just for you, a shot of my girls haunchs[]

mike, actually i was following a C2, but due to its poor ride quality, and lack of feel thru its steering wheel, it slid off the grass, and ended up in the dukes pond, taking out several of the pesky chickens en-route, and half a dozen of his prize ducks on arrival in its watery car park[] my C2'S' however, yes thats the wide bodied one...........

dont mean it really, i couldnt resist either, they are all fabulous, im sure you agree[][][]

g

C2'S'

 

[sawood12]

A mate of mine got a cracking high milage C2 for a little over £20k with full OPC service history, immaculate bodywork and interior and checked out with all the usual HPI type checks so was genuine. He reckoned he saw several examples in similar condition at that price when he was looking a year or so ago. Unfortunately he's just put it into the central reservation of the A38 and written it off - shame I was hoping to have it off him in a couple of years time.