Interesting Video on Air Cooled 911's

[Perfectlap]

Well given the price of used air-cooled Carrera it wouldn't be a very good use of money if you're just trying to invest the money. Way better options for sure.

But a bubble is like pets.com shares, inflated wildly and at the end of the day it will never recoupe its highest price. That's not the case with the air-cooled Carreras. Their numbers are shrinking while the demand for them will always be strong. Particularly among bidders who learned to drive in the 70's and 80's. After the next economic downturn air-cooled Carreras will recoupe these high current prices and some will far exceed even those prices. I would say it's more a cyclical spike than text book bubble. But the long-term trend is obvious, Carreras will never lose you money if you own it long enough and you don't bid irrationally:
Paying $300K for a Magnus Walker 911 or a Singer really leaves little upside, it's priced for perfection.
At those prices their a long list of comps from Ferrari, McLaren, Lamborghini, etc.

[RaisedOnPorsches]

In my recent shopping/buying experience I felt like I had little to no leverage as the buyer (IN JANUARY). It went basically like this, here is the car and here is the price. Take it or the next guy in line will. Ultimately, I got the seller to lower the price some because some things came up in the PPI, but even then it was just shaving a little off the price but not enough to risk motivating the seller to talk to the next guy in line.

Its a crazy time for the market on 911s. I don't see that changing much either.

I also think this is part of why the Boxster market is so soft right now. Everyone who is a Porsche nut and not content with the Boxster wants to trade-up while they can still afford to. The 986 Boxster is still an amazing car with timeless lines and an amazing entry level P-Car. I just don't see it ever shaking that stigma of being "entry level".

[thstone]

Originally Posted by Perfectlap

Well given the price of used air-cooled Carrera it wouldn't be a very good use of money if you're just trying to invest the money. Way better options for sure.

But a bubble is like pets.com shares, inflated wildly and at the end of the day it will never recoupe its highest price. That's not the case with the air-cooled Carreras. Their numbers are shrinking while the demand for them will always be strong. Particularly among bidders who learned to drive in the 70's and 80's. After the next economic downturn air-cooled Carreras will recoupe these high current prices and some will far exceed even those prices. I would say it's more a cyclical spike than text book bubble. But the long-term trend is obvious, Carreras will never lose you money if you own it long enough and you don't bid irrationally:
Paying $300K for a Magnus Walker 911 or a Singer really leaves little upside, it's priced for perfection.
At those prices their a long list of comps from Ferrari, McLaren, Lamborghini, etc.

I think that these kinds of trends are somewhat generational. For example, the same thing has been happening in the muscle car world for quite awhile. Same rationale - fixed inventory. But now the owners/buyers are starting to leave the hobby because they are getting too old to need 3 or 4 restored muscle cars and guess what - no one else wants them. Younger car addicts aren't interested in 50's or 60's cars, they want the cars that THEY grew up with. Same thing will happen with 911's. Hot now. Cold tomorrow (but not worthless, just worth less than they are now).