Jump to content

WELCOME TO THE CAYMAN OWNERS CLUB

The home of the official Cayman Owners Club, for owners and fans of the 987, 981 and 718 Porsche Cayman. Whether you are an owner, a fan or just wanting to get to know a little more - this is the place to be!
Join Now

THE CAYMAN BREAKFAST MEETS

The Club holds regular meets for all members and non-members Throughout the year we get together at regular meet venues and adhoc events at different venues and national shows. Sign up to the forum and and our Facebook page to find out more
Find out More

JOIN THE CAYMAN COMMUNITY

Come and join the CaymanOC Forum, introduce yourself to other members and be part of the official Cayman Owners Club. Here you can find out more about the club, the car and the events and meets we organise
Visit the Forum

CAYMAN MERCHANDISE

Our premium Cayman T-shirts have been designed exclusively for us and are only available via our online store. Purchase a CaymanOC car window sticker to proudly display in your car window!
Buy Now
  • New Member Sign-up

    Sign-up to become a member and interact with other members on the forum

  • Featured
    The Doc
    The Doc

    The Slow Decay of Porsche Prices

    Sign in to follow this  
       (2 reviews)
      Title: The Slow Decay of Porsche Prices

    I suppose it's no surprise that like many a petrolhead, spending time cruising the classifieds is not a strange habit.  It could be likened in fact to a lady window shopping in her local designer outlet village and coming home with nothing but a receipt from Pret a Manger.  When you spend that much time hanging out in the classifieds and coupled with a bit of talk among those in the trade you start to gauge a picture.  So understanding the dynamics of used Porsche prices at the current time is not hard, but it does require some clear thinking and a bit of honesty if you are to judge the right price for a potential purchase.  

     

    Just like me, you will probably also see a variety of posts on social media from folk wondering why their pride and joy hasn't sold even when advertised at 'below market price' and acting quite bewildered by this situation.  Often this belief is supported and upheld by their fraternity, reaction is often a cocktail of denial and head scratching.  But were somebody to suggest that said advertised car might be priced a bit punchy, you will literally be marched to Tyburn for suggesting such an outrageous idea. 

     

    There is truth though, and it's cold and it's hard.  

     

    The recent announcement of the 718 GT4 is not news, we all knew it was coming and sure enough it's nearly arrived.  The good news is, it's faster, it's manual, it's got a flat-six naturally aspirated engine and it will be better than the 981 GT4.  All very obvious when you say it out loud.  The RRP is also £75k, add a few options and yes, it's likely to be just over £80k.  

     

    https---hypebeast.com-image-2019-06-porsche-718-cayman-gt4-spyder-release-005.jpg

     

     

    What does this mean for the 981 GT4, the car thats market value went ridiculously through the roof, to the point that people were paying well over £100k for 'the best specced versions' back in 2016.  Many of these cars are now fetching sub-£80k and falling still.  We are now increasingly seeing 981 GT4s on the market for less than £70k and auction prices looking a fair bit lower, in fact bid prices are often not reaching the perceived market price.  

     

    Screenshot 2019-07-22 at 22.41.42.png

     

    So what I hear you say..  Well, we've established that you can buy a very low mileage (sub 15k miles) 981 GT4 with a good spec for around £68k. Theres one or two in the classifieds and more to be had at auction.  This represents sensible money for a 981 GT4, but there's probably a little more to go before the year is out, we'll see low £60k i'm sure. 

     

    This invariably has a knock on affect and on to a car that I hold dear, one which i've always said is a better car in many ways than its bigger brother GT4, the Cayman R.   Legendary for its simplistic and purist driver focussed approach, no frills but useable, limited but not exclusive.  Porsche nailed it with this car, and we all know it.  

     

    So the Cayman R was a bargain at £45k at a time when a used 981 GT4 was £100k+, 80% of the car for 50% of the cost, what's not to like.  We were literally snapping them up all day long, they were selling over the phone at reputable dealerships provided they were endowed with those 3 most critical items - bucket seats, manual gearbox and spyder wheels.  Any other options were nice, but certainly not required to deliver that legendary Cayman R experience.  

     

    car_photo_472108.jpg

     

    A Cayman R with those key options and a decent history should be fetching in the early £40k bracket, slightly down on 2016 prices but not by much.  If however you are sitting on a car wit no bucket seats, PDK and above average mileage then you probably won't see north of £35k as a private sale in 2019.  Now thats a bitter pill to swallow because back in 2016 even these cars were fetching mid-£40k at dealers amid the frenzy.  There is currently a less-desirably specced (PDK, no buckets, higher than average miles) black Cayman R on eBay for £35,995 and has been hanging around for a while, it's unfortunately specced and still isn't selling at this price even though it apparently has OPC warranty and FPSH.  The market has certainly toughened.  

     

    Screenshot 2019-07-22 at 22.48.33.png

     

    So there it is, current pricing of some of the halo Cayman models are taking a bit of a hit brought on by the arrival of the new kid in town and maybe some nervousness more generally in the premium segment of the market.  Hagerty have been reporting a decline in auction bid prices for Porsches for a while and the bubble that we've all been talking about is showing signs of deflating further.  All this and I haven't even mentioned Brexit.  

     

    What does this mean for a potential buyer of either of these models though, well the world is your oyster.  A Cayman R for c.£35k is possible or even a low mileage 981 GT4 for mid £60s - a good time to buy compared to 18 months ago, or should you stay resolute and hold out a bit longer to see where the market goes...

     

     

     

     

     

     

     

     

      

     

     

    • Like 6
    Sign in to follow this  


    User Feedback

    Create an account or sign in to leave a review

    You need to be a member in order to leave a review

    Create an account

    Sign up for a new account in our community. It's easy!

    Register a new account

    Sign in

    Already have an account? Sign in here.

    Sign In Now

    718 GT4

       2 of 2 members found this review helpful 2 / 2 members

    Very nicely said, well informed article.  I’ve been saying the same for a while, market has been slowly resetting on some of these models which people seem to think should fetch collectors prices! 

    Share this review


    Link to review
    Gordy. T

    · Edited by Gordy. T

      

    Well written article to be fair and does explain the state of play in the market right now. On the flip side about 9 months I bought a well speced manual Cayman R with low miles and one owner that cost towards the high end of the market value at the time and now prices have softened on them I would take a bit of a hit if I decided to move it on, but I bought the Cayman R as an emotional decision to enjoy the ownership of a great driver’s car and not as an investment so while my bank balance may not look as healthy as it could have, I feel very fortunate to be able to own and drive such a special car, which will far outweigh any depreciation in the price I paid for it and anyway I have no intentions of ever selling it.8A04E646-5096-432A-BF88-8155D7F6FD65.jpeg.88f4a5bc0fbf973b3a30f29f7494986c.jpeg

    Share this review


    Link to review

  • Option Code list Cayman

    I have developed a option code list for the the 2011 Cayman.  I am sure it applies to other years also.  Just added sorted list make it a little easier.  Full 2011 Cayman Option Codes.pdf Full 2011 Cayman Option Codes sorted a-z.pdf

    Greg
    Greg
    987 Cayman (2006-2012)

    Advice & gudiance would be extremely welcome - Cayman Gen 1, 3.4 or Cayman Gen 2, 2.9

    HI, I am looking to buy a Cayman, my budget is circa £17.5k (i am 50 in 3 weeks , this is a gift to me for me 🙂   I am looking for a 987, my ideal is a gen 2 but i think my budget is tight. If i opt for a gen 1 then it has to be 3.4 as i would only regret it after 3 weeks of purchase (hindsight, wish i had written a book about it).   Simply put any advice, comments on what to look out for would be more than welcome, i have seen these 2 as a starter for 10 but i have that nagg

    Tom Sene
    Tom Sene
    987 Cayman (2006-2012) 6

    Looking for a 987 Cayman S

    Hello new to this site, I am looking to buy a 987 Cayman S Manual. Budget is £10-£12k must be below 85k miles and have full history aside from that I am open to any spec! I may be a little optimistic for my budget but there's nothing to lose in trying! Thanks in advance 

    X1WCD
    X1WCD
    987 Cayman (2006-2012) 1

    Cayman in beige?!

    Have you seen this one chaps? It's beige?!   http://www.autotrader.co.uk/classified/advert/202007231589499?atmobcid=soc3   What's that colour called, or is it a customer special order?   Not my taste at all, doesn't show off the curves at all.   Rich

    GlosRich
    GlosRich
    987 Cayman (2006-2012) 9

    Latest tyre opinions.....

    I know the question of tyre preference will be constantly doing the rounds. So I have read a bunch of posts to help me finalise an opinion. But a few questions remain.    I have a Cayman R with very healthy P Zeros on the front (fitted new in 2018 when I bought the car), but elderly P Zeros on the back that really need changing pretty soon. I have a Porsche warranty that will soon expire, so I am not that bothered about N ratings.    My inclination is to move away from Pirell

    pandalf
    pandalf
    General Cayman Chat 5
  • Cayman Market Watch Q2 2020

    Welcome to Q2 of the Cayman Market Watch, our regular feature primarily to provide you with a view of pricing on the Porsche Cayman market.  Aimed at helping those selling or buying to make more informed decisions on price.     Cayman 718      The not so new 4 cylinder turbo car introduced in 2016 seems to be a veritable bargain at the moment, prices for private sales of the base 2.0L car with average mileage and a few options are now around £28-30k.  Think what you

    Beanoir
    Beanoir
    Records 1
  • BrandsHatch2

    Mitch51
    Mitch51
    Member Albums

    IMG_3123.JPG

    Cayman adventures

    Mitch51
    Mitch51
    Member Albums

    IMG_2571.JPG

    Mitch51
    Mitch51
    Member Albums

    Old Winchester Hill, Hampshire.

    Took this today during a quick blast out this afternoon.

    Bluedot
    Bluedot
    Member Albums 1

    Forest Pit Stop

    Beanoir
    Beanoir
    Member Albums


×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.