Current CGT market and trend?
#31
It is simple supply and demand. 6 years ago there were many perfect, low mileage, desirable CGTs on the market. There might have even been too many produced. This is why we saw such discounts and untitled cars sitting at Porsche dealers.
Now it is not easy to find these same pristine cars. To a potential buyer, 5k+ miles may be a lot for such an extreme exotic.
I foresee them climbing steadily past MSRP and beyond for the best examples in the most desirable color combos. And I do think they will join the ranks of F40, F50, Enzo, etc. as must-haves for those who can afford and appreciate them. Just in the last 18 months I have seen 100k swings north for the same CGTs pound-for-pound.
I would advise anyone to hold on to their Carrera GT, because they may lose any profit realized from its sale trying to get back into another one.
The same sort of principle can be applied to many exotics... 08 Gallardo Superleggeras were selling for 20k less 18 months ago than they are today. Ford GTs, Challenge Stradales, on and on.
When the economy went south, so did the value of many cars. Dealers dumped them in order to remain liquid, and the market as a whole was depressed. There were significantly more cars on the market than there are today, Carrera GTs included.
If you noticed 997 GT2 prices in the last 12 months you'd see the same trend. Huge depreciation. But in the near future, if there are only 3 on the market, a seller could command a premium.
Right now Scuderias seem to be in 'the funk'. There are a TON on the market, with barely any miles, for CHEAP!
Now it is not easy to find these same pristine cars. To a potential buyer, 5k+ miles may be a lot for such an extreme exotic.
I foresee them climbing steadily past MSRP and beyond for the best examples in the most desirable color combos. And I do think they will join the ranks of F40, F50, Enzo, etc. as must-haves for those who can afford and appreciate them. Just in the last 18 months I have seen 100k swings north for the same CGTs pound-for-pound.
I would advise anyone to hold on to their Carrera GT, because they may lose any profit realized from its sale trying to get back into another one.
The same sort of principle can be applied to many exotics... 08 Gallardo Superleggeras were selling for 20k less 18 months ago than they are today. Ford GTs, Challenge Stradales, on and on.
When the economy went south, so did the value of many cars. Dealers dumped them in order to remain liquid, and the market as a whole was depressed. There were significantly more cars on the market than there are today, Carrera GTs included.
If you noticed 997 GT2 prices in the last 12 months you'd see the same trend. Huge depreciation. But in the near future, if there are only 3 on the market, a seller could command a premium.
Right now Scuderias seem to be in 'the funk'. There are a TON on the market, with barely any miles, for CHEAP!
Last edited by Randy@DomaniMotors; Nov 17, 2010 at 02:24 AM.
Thread
Thread Starter
Forum
Replies
Last Post
astonmartinone77
General Automotive & SUV Forum
80
Feb 19, 2012 01:01 AM
Bookmarks
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)












