Quote:
Originally Posted by Smallblock454
I don't see that the Boxster prices raise in correlation to normal money inflation. Whereas 993 and older models have raised a lot in the past 2 to 3 years. Also 996 Turbo, GT2 and GT3 (everything with a Mezger engine) raises extremly. Whereas 986 and 996 still fall due to the many expensive problems the cars can have.
Regards from germany
Markus
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I don't know if supply of 986 and 996 is abundant there but, prices are falling here because there are simply too many Porsches of all models for sale. Too many Caymans/Boxsters, far too many Carrera variants, too many Cayennes, too many Panameras and now the Macans have sold out which means there will a glut of those going into the already saturated used car market in only a few years. Americans in general are very skeptical about buying luxury German cars with an expired factory warranty because of the perception of overpriced parts and the specialized labor required to work on these cars. After 8-10 years just about any $70,000 USD Audi, BMW, Porsche or Mercedes will be only worth the cost of its used engine, so maybe 10% of that original sticker price.
Also, 996 and 997 Turbos indeed have some of the best engines found in a Porsche but these car have been notorious for suffering the sharpest depreciation in the first few years. Enough to buy a used 987 Cayman and 986 Boxster. When our economy crashed in 2008 some Carreras were losing as much as $20K value in a single year. A knew one guy who stole a 996 Turbo for $30K when the were selling for $60K barely a year earlier. The Boxsters and Caymans did not drop in value nearly as much because they were not so overpriced to begin with. When credit markets dry up the public has a way of showing you what they think something is actually worth in a hurry. The only cars that really did well during the crash were the ones with very limited production engines like the GT3, GT3 RS and RS 4.0. Generally here in the U.S., if the engine in a Porsche is not limited production it really doesn't matter how good or bad it is, it will not hold value well. The 911's, 964 and 993's have done well because Porsche sold so few of those cars and once they unexpectedly became trendy bidding wars erupted. For instance in 1998 Porsche barely sold 1,500 993's for all of North America during a very strong economy. very ironic that this poor sales performance is now working in its favor in the used market. While the cars like the 986 and 996 that saved Porsche from becoming part of Toyota sold so well in the U.SA. that this supply is now negative in their resale. Seems reminiscent of the crude oil markets now...