Shaun Maddock
New member
Before I go on I should add that this is my first post since joining the club last month.
I'm a self confessed petrol head and in a very fortunate position to own a small and eclectic selection of classic cars, including a Boxster (986) S and a 911 (996) Turbo. I always wanted to own a 911, and took the 911 Turbo in part exchange. Confession time, I love the Boxster and the 911 is now up for sale. When I took the 911 in part exchange I didn't really understand the market, but the seller had it advertised for £48K which seemed a little on the high side compared with similar cars for sale.
Having researched that market a little more thoroughly I'm led to believe that 996's have overcome the stigma of being the first water cooled 911's, driven in part by the high price of 993's and the general acceptance that they're a great car (dare I say a better drive than the 993!). Hagerty's, the well respected classic car insurer, highlights 9 cars to buy now in its 2018 Bull Market List, of which the 991 (996) Turbo is one.
So you would think buyers would be queuing up to buy a well priced 991 (996) Turbo, with low mileage and a great service history. I first advertised my 911 on Pistonheads, and received one lead from a bogus email address. I then put it on brokerage with a respected dealer who has sold umpteen 996's, but interestingly no Turbo's. Having researched the market, given the car a full service we agreed a price and advertised the car on his website. His website is hosted by Autotrader who provide all sorts of data on who's looking at what cars and it soon became clear from the data that there was little or no interest in the car. So what did we do? We lowered the price, and still no interest? The 911 is now back home and advertised on the clubs website, and at the time of writing there a three other 991 (996) Turbo's for sale with prices ranging from £125K to £40K. Okay the car on at £125K is a very unique colour, but if we take that out of the equation the prices range from £60K-£40K. So based on this small dataset, my car is priced to sell.
I accept that the number of buyers for this type of performance sports car is small, but I have had zero interest in the car.
I therefore turn to the learned members for any advice on the Porsche marketplace in particular the 991 (996) Turbo market, as I am at a complete loss as to why my car hasn't sold?
I'm a self confessed petrol head and in a very fortunate position to own a small and eclectic selection of classic cars, including a Boxster (986) S and a 911 (996) Turbo. I always wanted to own a 911, and took the 911 Turbo in part exchange. Confession time, I love the Boxster and the 911 is now up for sale. When I took the 911 in part exchange I didn't really understand the market, but the seller had it advertised for £48K which seemed a little on the high side compared with similar cars for sale.
Having researched that market a little more thoroughly I'm led to believe that 996's have overcome the stigma of being the first water cooled 911's, driven in part by the high price of 993's and the general acceptance that they're a great car (dare I say a better drive than the 993!). Hagerty's, the well respected classic car insurer, highlights 9 cars to buy now in its 2018 Bull Market List, of which the 991 (996) Turbo is one.
So you would think buyers would be queuing up to buy a well priced 991 (996) Turbo, with low mileage and a great service history. I first advertised my 911 on Pistonheads, and received one lead from a bogus email address. I then put it on brokerage with a respected dealer who has sold umpteen 996's, but interestingly no Turbo's. Having researched the market, given the car a full service we agreed a price and advertised the car on his website. His website is hosted by Autotrader who provide all sorts of data on who's looking at what cars and it soon became clear from the data that there was little or no interest in the car. So what did we do? We lowered the price, and still no interest? The 911 is now back home and advertised on the clubs website, and at the time of writing there a three other 991 (996) Turbo's for sale with prices ranging from £125K to £40K. Okay the car on at £125K is a very unique colour, but if we take that out of the equation the prices range from £60K-£40K. So based on this small dataset, my car is priced to sell.
I accept that the number of buyers for this type of performance sports car is small, but I have had zero interest in the car.
I therefore turn to the learned members for any advice on the Porsche marketplace in particular the 991 (996) Turbo market, as I am at a complete loss as to why my car hasn't sold?
