TrickyDicky78 Posted April 25, 2021 Share Posted April 25, 2021 Evening All. Has anyone noticed that the gen 1 prices appear to be creeping up? I've just done a search on some well know car advertising sites and they have gone up quite a bit from 6 months ago. Could this be a knock on effect from the gen 2 holding their prices so well? Interested to hear people's thoughts. Thanks. Link to comment Share on other sites More sharing options...
Julian987 Posted April 25, 2021 Share Posted April 25, 2021 (edited) 1 hour ago, TrickyDicky78 said: Evening All. Has anyone noticed that the gen 1 prices appear to be creeping up? I've just done a search on some well know car advertising sites and they have gone up quite a bit from 6 months ago. Could this be a knock on effect from the gen 2 holding their prices so well? Interested to hear people's thoughts. Thanks. it’s across the board and more noticeable with prestige makes such as Porsche https://cardealermagazine.co.uk/publish/used-car-prices-have-experienced-the-single-biggest-months-price-rise-in-more-than-a-decade/221998 Suspect part of it is down to the noise of Brexit being over and many people having more money from working from home. Edited April 25, 2021 by Julian987 Link to comment Share on other sites More sharing options...
Andyoz Posted April 25, 2021 Share Posted April 25, 2021 Definitely on the up. I also think that there may be many new Porsche buyers out there with the Covid YOLO effects. Many have £15k to spent on a fun car but not the £20k+ it takes to buy a gen 2. Link to comment Share on other sites More sharing options...
Ben Posted April 26, 2021 Share Posted April 26, 2021 I'd noticed this too. Also 997s, 996s etc seem to be on the up which may have a knock on effect. Agree re Covid and so on. I also wonder if the motor journo's enthusiasm around the return of the 6 cylinder NA in the GTS/4 has had a halo effect on prices. Link to comment Share on other sites More sharing options...
Founder Beanoir™ Posted April 26, 2021 Founder Share Posted April 26, 2021 Prices for Porsches are quite interesting right now, I think all NA cars seem to be holding quite well and some that were at the cheaper end (gen1 987 and 996) seem to be creeping up a bit. On the flip side, things like 996/997 Turbos are softening quite a bit, even 991 Turbos are ‘almost’ a bargain now if you’re fishing in that end of the market. 1 Link to comment Share on other sites More sharing options...
TrickyDicky78 Posted April 26, 2021 Author Share Posted April 26, 2021 Not that I purchased the car as an investment, but it's always nice to see prices creep up. I saw a gen 1 at an authorised dealer for £21k!!!! I know they charge a premium but that seems a little crazy. Link to comment Share on other sites More sharing options...
Andyoz Posted April 26, 2021 Share Posted April 26, 2021 4 hours ago, Beanoir™ said: Prices for Porsches are quite interesting right now, I think all NA cars seem to be holding quite well and some that were at the cheaper end (gen1 987 and 996) seem to be creeping up a bit. On the flip side, things like 996/997 Turbos are softening quite a bit, even 991 Turbos are ‘almost’ a bargain now if you’re fishing in that end of the market. Yes, I was surprised when I looked at 996 Turbos recently. I'd expected them to have jumped up like the rest as the Mezger buzzword is part of the equation....but not much different to a year ago. Link to comment Share on other sites More sharing options...
Popular Post zcacogp Posted April 30, 2021 Popular Post Share Posted April 30, 2021 All very interesting but I am reminded of the old adage that the value of your car only matters on two days; the day you buy it and the day you sell it. Anything in between is bluster and willy-waving. 3 1 Link to comment Share on other sites More sharing options...
Tallpaul987 Posted May 3, 2021 Share Posted May 3, 2021 Or the day you crash it... 1 1 Link to comment Share on other sites More sharing options...
zcacogp Posted May 6, 2021 Share Posted May 6, 2021 On 03/05/2021 at 07:30, Tallpaul987 said: Or the day you crash it... True, but that's probably the day you sell it back to the insurance company! Link to comment Share on other sites More sharing options...
Ginginho Posted May 15, 2021 Share Posted May 15, 2021 Not an owner yet but have been watching the market for a good while now... This Gen 1 is the most expensive that I've seen! Ok, it's a rare colour and it's low mileage but £29k? 😮 https://www.pistonheads.com/buy/listing/11678947 Link to comment Share on other sites More sharing options...
Andyoz Posted May 15, 2021 Share Posted May 15, 2021 1 hour ago, Ginginho said: Not an owner yet but have been watching the market for a good while now... This Gen 1 is the most expensive that I've seen! Ok, it's a rare colour and it's low mileage but £29k? 😮 https://www.pistonheads.com/buy/listing/11678947 That's nuts Link to comment Share on other sites More sharing options...
Julian987 Posted May 15, 2021 Share Posted May 15, 2021 1 hour ago, Ginginho said: Not an owner yet but have been watching the market for a good while now... This Gen 1 is the most expensive that I've seen! Ok, it's a rare colour and it's low mileage but £29k? 😮 https://www.pistonheads.com/buy/listing/11678947 Super rare colour. Think I have only ever seen one other yellow 987 in over two years. No doubt about it, the value there is in the colour. If a buyer has been holding out for that colour, they'd probably go for it knowing it could be years before the next one. Link to comment Share on other sites More sharing options...
Ginginho Posted May 16, 2021 Share Posted May 16, 2021 6 hours ago, Julian987 said: Super rare colour. Think I have only ever seen one other yellow 987 in over two years. No doubt about it, the value there is in the colour. If a buyer has been holding out for that colour, they'd probably go for it knowing it could be years before the next one. I have to be honest, I do love the colour. Are there any stats to be found on the numbers of yellow 987s out there? Link to comment Share on other sites More sharing options...
Windymiller Posted May 16, 2021 Share Posted May 16, 2021 That is a crazy price for a gen1 whatever the colour and mileage, + a model relevant private plate. what on earth is going on with prices 😯🤷♂️ im definitely gonna keep mine till it’s appreciated sufficiently to pay off my mortgage, buy a speed boat, pay the kids through uni, and charter a leer jet (all in the one same week) 😉😁 1 Link to comment Share on other sites More sharing options...
Julian987 Posted May 16, 2021 Share Posted May 16, 2021 (edited) 6 hours ago, Ginginho said: I have to be honest, I do love the colour. Are there any stats to be found on the numbers of yellow 987s out there? I don’t know of any official stats for the split of colours. My routine of looking each day for the past two years+ (only to see when the next equivalent spec of my R would have come up for sale, which it hasn’t since buying it last summer)…and only seeing one other speed yellow is a barometer that this colour is as rare as colours get (bar Budflickers green R). Orange is quite rare too, but I would say top of list would be Macadamia, then Speed yellow. I bet in real life that car looks epic. It’s a fair price, perhaps a bargain all things considered. Edited May 16, 2021 by Julian987 Link to comment Share on other sites More sharing options...
Andyoz Posted May 16, 2021 Share Posted May 16, 2021 (edited) It's not a bargain. Buying a super low mile gen 1 isn't the smartest move no matter what the color. That car must have been sitting a while ... But I guess at that price the target market isn't actual drivers Edited May 16, 2021 by Andyoz Link to comment Share on other sites More sharing options...
zcacogp Posted May 16, 2021 Share Posted May 16, 2021 15 minutes ago, Andyoz said: Buying a super low mile gen 1 isn't the smartest move no matter what the color. That car must have been sitting a while ... But I guess at that price the target market isn't actual drivers That's pretty much what I thought; a low-mileage Gen1 S is still a potential bork-fest. I'm told that if they make it to 80k or so then they are probably OK for good, meaning that a low-mileage one is more of a gamble than the high-mileage ones. And anyone who buys a 987 without the notion of driving it must surely be misguided. They are never going to be a sought-after classic and are highly unlikely to appreciate to any value worth having. Link to comment Share on other sites More sharing options...
andygo Posted May 16, 2021 Share Posted May 16, 2021 I woud have thought the AA would have snapped up that car, crying out for "AA rapid response vehicle" stickers. 1 Link to comment Share on other sites More sharing options...
Julian987 Posted May 16, 2021 Share Posted May 16, 2021 This is rather pricey… https://www.ebay.co.uk/itm/2012-Porsche-Cayman-2-9-987-PDK-2dr-Semi-Auto-Coupe-Petrol-Automatic-/274778741268?_trksid=p2349624.m46890.l49286 lovely, yet shows how prices for non-S’s have gone into the £30K+ territory where R’s used to dominate. Link to comment Share on other sites More sharing options...
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