Porsche 911 GT3 Prices Are Falling | $100,000 Down
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- Опубліковано 16 чер 2024
- Hey everyone welcome back to Ignition On The Left! In this video we go over recent price drops for the Porsche 911 GT3. We'll take a look through Autotrader and discuss if now is the right time to buy a GT3. It's a good day. Thanks for liking and subscribing :)
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I’ve been following pricing, the winged cars have been consistently between 245-275k, for at least 2 years, it’s the tourings that went over 300k, now in the 280 range. Overall they haven’t gone down much.
Still don't understand the non winged variant of a gt car
I just bought my shark blue GT3 CPO and totally agree with you. Prices are dropping but stabilizing as production has stopped for 992.1 and they prepare for the 992.2. Shark Blue is going to be a PTS color next year so that definitely is a plus. when looking.
You did it right.
You may have covered this in the past, but I would love to hear in a future video how you got your allocation and any tips on getting a future allocation. I’m a lemon lawyer so I’m also always curious about any issues/repairs that have come up so far. Keep up the content!
Great suggestion!
Paid sticker for mine. I'm not a flipper so a market correction isn't a big deal for me. GT3's hold their value much better than the vast majority of cars out there. Just be glad you didn't buy a Maserati...😆
Plus you would have to be a person who actually buys a Maserati - tough break.
Thank you very much for the content you provided.
I think many people bought these terrific cars and justified them as an investment and used a line of credit at the bank at a low interest rate initially.
HELOCs or lines of credit have gone up and so have payments for the trending down in price GT3.
This puts a cold shower on enthuiasm and wanting to talk about your car.
One thing I have found funny over the last many years is when a used GT3 is advertised for sale most often the ad reads "Never Tracked."
They are not a terrific street car so the desireability is?
You may be right about the line of credit, i didn't consider that.
Not tracking this car is like buying a boat and never putting it in the water.
Interesting as always. Unfortunately the price of our cars fluctuate and with it for many the enjoyment they get out of it. I’m feeling fellow owners now are really down borderline depressed. Not much action going on in forums and dealers aren’t interesting taking in cars in part exchange. They can sell in commission, but you don’t get a fixed sum of money for your old car, even when buying new high end cars. This is Europe based market. I was offered an ST but my dealer wouldn’t commit to a price on my slightly used PTS GT4RS so I said whatever and walked away from the ST allocation, at MSRP of course as everything here in Europe.
Bold move, i like it
The white one sub 200k was in an accident just FYI. I have been tracking all of these like a hawk. I’m waiting until it hits stabilization. Guessing mid April or May
Thank you for that, i missed it. Someone else pointed it out too - not sure id want a salvage GT car. Even though I've owner lots, salvage cars that is. My formative years were spent whilst living at a car junkyard my dad bought growing up.
I wonder if the price correction is the typical winter dip. I am interested to see where pricing is starting in late Feb-early March
Something to consider for sure.
I'm just curious to see what MSRP for 992.2's will be. Will they be closer to the 190-200 price range or stay around the low-mid 180s? Also with how Porsche usually is, the .2 variant is usually the better car.
From what I'm hearing from buddies and buyers of the .2 is the dealers are still asking 50k over...or some extra juice if there is a trade. A trade of a .1 could negate some or most of the over in today's market.
I have a 2022 with CF Roof and PCCB and full PPF at 5k miles.. still valued at 240k, paid 255k for it with 700 miles as CPO(2028) in May 2023. Right now the availablity is higher, so dealers are dropping about 5% but will go back up a bit in car season over the next 3 months. Hopefully. ;)
Indeed. That is a nice spec.
Lots of variables here. But manual, lwb seats, fal, low mileage gt3 can be had for 240-265k now. Without those some of those options, prices are significantly lower.
Agreed
You have to do what works for you! If you had flipped it now you don't have a car. So you take the 100 grand profit and buy another one, and now your really upside down! And you have to keep it! I like what you did!
Gracias. It takes the what if's out of it if the goal isn't to maximize roi
Still a ton of hype around Porsche, this is just a trend across all used cars due to rates. ADM is not on every single car anymore. I bought my 1.2 to track and slowly modifying it to be more track focused. Don't plan to ever sell it as it was a dream car so not too concerned about the value. It did drop a significant amount from what I paid though. Not sure if I'd jump to a 992 unless it was an RS and those values are still in the stratosphere and I'll not be getting an allocation direct from a dealer any time soon. Would probably want to keep the 1.2 even with the RS but likely would just not make much sense. need more garage space....
Enjoy!
I admire u. A true enthusiast ❤
A true something. :)
I’m seeing all Porsche sports cars falling. Cayman GTSs and GT4s going down, sitting for months because dealers refuse to lower prices. The bubble has burst.
Curious to when dealers will finally relent...
Be careful with your example of the sub-200k car. That one is a salvaged title car and you can even see in the photos that the hood doesn't close right. I don't know if we will see sub 200k for a clean title 992 lower than 10k miles for a while. Seasonal dip with folks not buying right now, might be the right time to buy before spring.
You are right, couple other folks have pointed that out. I don't think this is a car you buy salvage - even though I've owned plenty of salvage cars. :)
As long as there is adequate supply, prices will fall on any commodity, especially when new models are being churned out; that's Econ 101.
There isn't adequate supply, it is controlled and limited to be just less than what the market could accommodate.
Porsche increased price by 10K each year and dealers work together with flippers to add crazy markups, they all way too greedy
Seems opportunistic for sure
I paid MSRP for my 992.1 GT3 (Shark Blue, PCCB, Manual, Buckets, CF roof/mirrors). I'm not a flipper either but I'm considering selling it when I get my Amethyst GT3RS this summer. I'm not sold on PDK...so I might drive both and make my decision later.
IMO buyers can't speculate on pricing projections and make their purchase decisions based solely on resale. These are quite expensive cars with a high price fluctuation, and owners need to project based on down-side scenario (losing 10% a year), enjoy driving them as much as possible as intended. (Making money is a sweet bonus)
Correct. Well said.
Let me know when you tire of the gt3rs :)
I have a 22 GT3, sticker then in early 22 was $193k, but paid $50k above. Most are still going for $240+.
The price will drop a little more, then bounce back up. In a few years it will be back above +250k.
Inflation will be a driving factor...
That is the sneaky thing most folks missed, it made more sense to keep the money in a car than the bank since inflation was gobbling value up at a rate that made me uncomfortable.
If you were planning to flip absolutely should have sold. Since you bought at msrp you are in great position to drive and enjoy.
That's the plan!
IMO we’re in the off season dip. I suspect it will tick back up in spring, but… nowhere near where they were. Times are a changing for sure.
How about a follow back? 😜
I got you.
@@ignitionontheleft lol... just realized I wasn't sub'd to you. 🙄 Fellow RS owners need to stick together!
I have a 991.2 now, and on a list for a 992.2. My SA mentioned that ADM would be discussed when the car arrived... when I spec a 992.1 I'm around 230k. With the .2 price bump and ADM's the way they currently are, this will be easy 300k car for a good spec. I'm hoping they find the pain tolerance of buyers in relation to ADM soon... otherwise for 300k I'm going to consider a used F8 instead.
A gt3 is an amazing car, you are right though, if thats the price there are better value based options.
What’s ADM?
991.2 is better car. Dont change it for the 992
@@s25117 I've heard multiple people say that. Guess I need to borrow a 992 for a day to figure it out myself lol
@@andrew78596yea, make sure u test a stock 992 before selling the 991.2
Prices are down because it’s now an older car. It’s lost the „IT“ factor. People have moved onto 3RS and Spyder RS. I got my GT3 allocation almost 3 years ago, drove it for 2 years and moved on. If you got your allocation at MSRP then you are still fine. Also, these are not rare cars, a lot of them made over what is now 3 model years.
💯
I don’t think that’s correct RS is a way lower production car compared to the GT3.
@@luisln4841 people who always get early allocations like myself have moved on. I went to 4RS and love it. Now waiting on my S/T.
Similar people now go for 765lt spider because price now is down similar sf90 coupe.
Why did you move on from the GT3? Did you find something better? What is it?
Buy them to drive them and love them if you wanna make money by stock or get a job. Those flippers screwed up the market for people who wanna buy a car at MSRP they get what they deserve and I hope they lose all of their money “ok a little harsh” or at least back to a little less than MSRP and they didn’t get to really enjoy their car because “It was an investment “ hello it’s a GT3.
Ha. Brutal and candid assessment. :)
Anyone think that the regular 911's prices aren't depreciating as they should yet (several years post pandemic)? For instance, many 2020 models are still asking for 90-$100K. Not much off from their original sticker price. Fair for a 4 year old car with 30K miles to only have 10% depreciation? I believe a more realistic price is 65-75K for a base 911 from 2020. Let me know if I am off on my logic.
You may have a point here.
interesting straightforward analysis, are you able to share how you managed the magic of getting yours at msrp?
Lucky. I was in asheville NC on vacation and bought my first CPO 911 from Porsche Asheville. Mark, the sales guy and i stayed in touch and he was able to get me a gt4 and the gt3 at msrp. The dealership sold, my guy moved on and now i don't exist at the dealership. In fact, i had money down and was "first in the list for the 3rs" - when I spoke with the GM he said "there is no f$&*ing way I'm selling that car to you." That was that.
@ignitionontheleft appreciate the transparent reply. That is lucky, I had no luck when inquiring about a gt3 after buying "just" 3 brand new porsches, albeit relatively inexpensive ones.
Hmmm , kudos on MSRP for a GT3 👍🏻. I am on #5 Porsche from the same dealer , 3 911’s , 2 718’s at MSRP or 4-5% discount . Currently have a nicely Specked 2023 911 GTS. Cab at MSRP , not sure I like it anymore than my 2022 718 GTS 4.0 cab that handled better, Though the 911 is faster.I hate the radio on the new 911 and the new dash don’t like the steering wheel breaks up the dash and it takes forever for the radio to boot up sometimes not with the channels that I have loaded🤦♂️. When I asked about a GT three I was told 50 K over and my salesman advised it wasn’t a good idea. The day I took delivery of my car brand new last November 22 somebody was buying a standard 911 coupe, for$ 20,000 over. I am currently on the list for the 718 RS spider but disappointed that I’m like number eight on the list, would you likely means no car and I called the same day I got an email from Porsche about the car. I subscribed to excellence magazine but hadn’t heard about the car until day I received the email. If my name comes on the list regarding the spyder RS I’m not even sure if that would be at MSRP, despite my trade having on the 2000 miles. I really believe the 718 RS spyder is going to be great , GT -3power in a mid engine car and it’s as light as a GT-3 Likely very collectible like the 2019 9/11 spyder.
Buy Porsches to drive them. Buy APPL, AMZN, or MSFT and hold over time if your goal is to make money.
Well said
I wish I could buy a Porsche because it’s what I am looking for a reliable sport car that is really hunkered down when going into curves and pushing through them . Maybe 🤔 I can win the lottery lol 😂. For now my Audi tt vr6 manual will hold me over till then 😂
When it's time to sell mine, i wont sell it over msrp - hit me up. :)
FYI that white one with the red wheels was a total loss.
Thank you.
Just getting a new T, with a exhaust, and a tune, good for enough for me, the money saved, build a larger climate controlled garage, with a lift👍
That is a legit way to go, not sure why more people don't choose that as an option. Well done.
Prices was ridiculous a year ago and prices today is stupid...and prices of today should be at around MSRP range. I wouldn't touch one until the GT3 price drops to MSRP level before I would even think of buying one. Just watch the prices will continue to drop more!!! In Canada there is a huge abundance of GT3's sitting in the lot for over 4 months and not selling!! If you want to buy one...just wait..they will eventually all come down in price like you said they are not limited productions out there. Only Porches that appreciates in value are the rare spec ones or limited ones. Remember back in 2012 you can pick up a brand new GT3 with $30K off MSRP and why would anyone pay over $110K over MSRP...don't play that Porsche game!!
Solid strategy, if the prices dip that low. There is still going to be compression from the 991 GT3's that wont allow the prices to go too low too fast.
there isn`t that many buyers for these cars. market is saturated. in Germany there is 4 times more 992 GT3 for sale then 991.2 GT3. This tells you as well that the production numbers for 992 are far greater. And consider that 991.2 GT3 they produced over 10,000k. Most people who bought the new 992.1 will as well get now 992.2 (if they can off-load the older car). question is who is gonna pay 200k for older car when new one is the same price. the good times for 1st owners are gone (coming from a guy who bought two GT porsches in last 18 months new from dealer at MRSP.
Good time to be German. Beautiful country - some of my first videos were touring through Germany in a Panamera. Fantastic car and your people are terrific.
in Germany, 992 GT3 2022 starts at 200.000 EURO. GT3 RS 2023 starts at 360KEURO
Can anyone walk in and buy one?
There is also 20% VAT, not to forget…
looks like hill country.... what track is that?
Circuit of Americas in Austin. Yep, a little texas hill country.
Maybe one day I'll be able to get one😒🙏
What you say comes true.
How many 992 Tourings produced? Google states 650….???
I don't think we really know. 650 for the U.S. seems like it could be the right number.
Also people are going to dumping their cars all next year for the 992.2.
Yeah, the prices seem to be compressing a bit - as we come in to a buy season. Plus crypto is going to pop off so will get the bros back. Gt3 could fly under the radar.
just wait 2 more years and see how much they gonna dropl
Whats in 2 years?
The sub 200k car is salvage title
Thank you. Ive owned my fair share of salvage. :)
The one under 2 has been in a wreck.
Thank you - couple folks pointed that out.
You can’t judge the prices without knowing MSRP the blue car is a 183k sticker car for 240k
The white with the red rims is a salvage car
Most 22s are still 35-40K over MSRP
185 is a decently equipped gt3, i'd be curious to see what trade is on it. Maybe ill take it in and see.
MMR wholesale for 22’s is 229,000 as of last week 23’s to new for a value
Easy, is because is not as great as other GT3 models. 991.2 gt3 is much more car
991.2 GT3 > 992 GT3? Is that what you are saying?
@@ignitionontheleftyes. More fun. Better sound. More powerfull. For the streets is better car. Yes is more powerfull between 2000-7500rpm
Car not down .$ dealer markup now down 🤣🤣
How much are you seeing the markup in your area?
@@ignitionontheleft 50-75k
WAIT. There is a glut of Porsche in rich man garage. Ask me how I know. Wait. Down.....
Prices went over MSRP with more then 100.000 for 2 years and are now down to almost MSRP….so what is the problem? The situation before was more unusual (because of covid and shortage of chips) then the situation now… your video is clickbait and if you don’t like the normalisation of this unusual situation you should have sold when it was high and unusual.
No problem here.
your dope
Thank you. :)
This is false. Garbage spec cars might be falling. But the right spec GT3 are not easy to come by.
More than one thing can be true at the same time.
Cmon… lol services are every 10k miles or 12 months. Also $400 bucks?🤣 why are you lying? lol
Okay.
lol I thought I was commenting on the ad that played before yours 🤦♂️🤦♂️🤦♂️🤣🤣🤣 my bad
Every 911 Porsche is 30% overpriced today. They all need to fall
They will
Not quite now, prices are still on the decline, but I seriously think the time to buy is right before the election. If and when Trump gets elected the interest rates are coming down (yes I know Jerome controls those) but wait and see. Once the rates start to fall you will see prices go back up. This is for all cars over $150k ish.
The volatility before elections also makes things dicey...especially this election.
😂😂😂a part-time psychic speaks.
he did ask for opinions and I offered one. What's your take on the market?
Big fail…you could have sold and purchased 992.2 and pocketed a bunch of change
Could have for sure...you don't fail, you quit. Turns out i don't quit, just ask your wife. Kidding about the wife part, the other stuff is true.
My basis is low on the car give it got luck and got it for msrp - the .2 would have cost me at least 50k over at the time of proposed swap, plus i had already done ppf + cost of purchase stuff etc. it wasn't a clean hundo...
@@ignitionontheleftthat was my thought process also i have a 2022 shark blue
click bait move on … comparing past overinflated “listings” to current inventory in January lol … every cycle looks like this and levels out nothing to see here
Every cycle since when?
997.1, 997.2, 991.1, 991.2, 992.1 …!yadda yadda … just larger MSRP’s … especially 992 as build numbers are way higher and ridiculous amounts of inventory … .2’s are always superior
992 3RS were $250-300 over 6 month ago … no one lost $100K … will settle out at $50K over in six months as .2 cars become the hype … normal cycle
@@brianhimmelman420so what is normal price for gt3 rs 350K? overprice 500 now some down maybe 430k.
@@brianhimmelman420I’ll bet you anything 992 3RS’s aren’t $50k over in 6 months. They’ve built was less of them and future allocations are crap. $75-100k for right spec low mile cars in 6 months. Not saying $50k over won’t happen at some point but certainly not happening in 6 months from now going into beginning of summer
Id be very skeptical of any car not bought at a Porsche dealership
Really? Do you work for a porsche dealership?
U dont need to work at a Porsche dealership to understand that FACT...DICKWAD