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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.

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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 by Julian987
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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.

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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.  

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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.  
 

 

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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. 

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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.

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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! 

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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 :)

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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.

 

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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?

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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) 😉😁

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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 by Julian987
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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 by Andyoz
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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. 

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I woud have thought the AA would have snapped up that car, crying out for "AA rapid response vehicle" stickers. :)

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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. 

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