The Boring Truth About Porsche 911 GT3 Prices
Вставка
- Опубліковано 24 тра 2024
- There is a lot of talk about GT3 prices going both up and down or even crashing. But the reality is much more boring than this, and that might be a good thing
Follow me on Instagram
/ fourwheeltrader
Contact me
fourwheeltrader@gmail.com
More market analyses
Porsche: • Porsche depreciation a...
Ferrari: • Ferrari depreciation a...
McLaren: • McLaren depreciation a...
Audi: • Audi depreciation anal...
Quarterly car market updates: • Car market deep dives
Content
00:00 GT3 prices
00:25 Price trends - US market
04:06 Overview and Benchmark
06:31 Price changes - DE market
07:18 Conclusion
Disclaimer: The Content is for educational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained in this video constitutes a solicitation, recommendation, or endorsement to buy or sell any cars. The information published has been obtained from or is based on sources which are believed to be accurate and complete. Although reasonable care has been taken, the completeness and the accuracy of any information published cannot be guaranteed. Any opinions may be wrong and may change at any time. You should always carry out your own independent verification of facts and data before making any purchase decision. - Авто та транспорт
13,000 miles on my 991.2 manual... AND I DONT GIVE A DAMMMMMN... It's SOOOOOOOO much fun to own and drive. hahahahha
that 4.0 engine roars like no other!
Those are rookie numbers. 46k on my 991.2 touring.
As is should be OP!
There is no surprise about the success of the 991.2 series because it is the most beautiful of the modern GT3s. more beautiful and proportionate than the 992, furthermore the performances are very similar. watching many gt3 videos and reading comments I see that the 991.2 is the most appreciated and desired by enthusiasts. I think its success will last a long time.
50% more downforce, and 105% more downforce with the most aggressive angle of attack, BIG performance difference on the 992
@@A1waysSo2 Nope, the difference comes down the driver and the tires. Moreover, the 992 GT3 can't get close to the 991.2 GT3 RS, I know I've tried and have a lot of track experience (5 seasons Cup). Even the 992 GT3 RS comes down to tires. No question in my mind the 991.2 GT cars are the best yet made and I've owned 20+ Porsche sports cars.
@@A1waysSo2 991.2 lapped the ring slower by about 12 seconds but with Michelin Cup2 while 992 lapped Cup2R. if the 991.2 runs with cup2r tires the difference is probably reduced to 5/6 seconds on a circuit of over 20 km.
on a "normal" track the difference is very little. probably the 992 is a little easier to push to the limit, that's all. plus the 991.2 is less filtered, the sound is nicer and the engine is fuller
@@VK6AB- i mean ur not wrong about the tyres, but ur literally comparing a GT3 to a GT3RS. Why dont u take the 992 GT3RS and compare them? Also whichever one u like better is based on personal preference, but the numbers just dont lie
@@andreabiguzzi5023 the 991.2 GT3 has a lap time of 7:18.2 on Michelin Pilot Sport Cup 2 N1 and the 992 has a 6:55.34 with the Cup2R thats a pretty big difference, but the tyres could make a difference and the driver but the 991.2 GT3 4.0 CS did 7:12.7 with Cup 2 tyres (however this is with the same driver as the 992 GT3 Lars Kern) so this is also a comparison however keep in mind it is still the clubsport
Here's the problem with this car: once you buy one, you fall in love and can't get rid of it (beyond external factors). Great value for what they provide and once the engine starts to sing, it really becomes hard to say no to the salesman.
Owned one, bought it new, sold it after one year for half the listprice. Didn't fall in love with it for many reasons.
What was the main reason you didn't like it?
One of the most boring cars I have driven on road or track.@@hansbig7550
OP is 100% right, test drive sells the car, followed by the looks. Living with one is full of compromises though, esp because of the stiff suspension.
@@fourwheeltrader the full bucketseats, killing for my back. On the highway, people want to race you and the only way to enjoy this type of car is at the track. Now driving a 718 Cayman Touring, the right combination of sportive and comfort.
Bought mine a month ago, not a single dealer or privat owner was willing to drop the price severely.. it was always a max of 5k euro depending on the options and seller. Germany belgium netherlands
Great that you now include the German market! 👍
Great commentary as usual! Looking forward to your content. 2024 US market is challenging to understand as it is different for different cars.
I love your videos. So well done and factual. Good job!!
*Looking for an analysis of a different car? Let me know the name of the car or check the playlists below*
*More market analyses*
Porsche: ua-cam.com/play/PLkx3WmwEN66dKJQug4xwskaR8tqUEtg_i.html
Ferrari: ua-cam.com/play/PLkx3WmwEN66fjX4_e99Lu5gN2rlOtBhrE.html
McLaren:ua-cam.com/play/PLkx3WmwEN66dlx4PN9VpM2-gSLKB0WVFn.html
Audi: ua-cam.com/play/PLkx3WmwEN66fTWOIizW1gGdyJNvxyLXNm.html
Mercedes: ua-cam.com/play/PLkx3WmwEN66fljQWz7PVLNUiggjZ5FGv_.html&si=3dyHoeOeVE4c1uR5
Chevrolet: ua-cam.com/play/PLkx3WmwEN66c-lJQmVKZ_mEKWaln3CcRH.html&si=V-CHGuBXNecc3OZp
General car market updates: ua-cam.com/play/PLkx3WmwEN66eE4KxbIXZHxMf637v0CsVy.html
Gr yaris car deprecation anylisis!! Pleaseee :D
@@ferradar I will look into the possibility to track them.
Do the amg e63s w213 models.
Lamborghini Huracan!
@@WenisSlapz here you go: ua-cam.com/video/wC75vQvwx0M/v-deo.htmlsi=CMtTdgyHjnhqB9-G
The GT3 market has gone insane. I remember in the 2000s to 2010s, they still depreciated like normal cars, and there were even some bargains to be found with 996s.
The world has gone completely insane.
I much enjoyed your video. I found a more clearer than some on your other analysis videos.
That's great to hear.
These videos were extremely helpful when buying my 997.2 GT3.
Not tons of market data on these, but from what I’ve been able to gather, a “higher” mileage car with low options (no PCCBs or sport buckets) will sell in the $160-$170 range. A lower mileage car with desirable options will sell for $180-$190k. PTS cars are all $200k+
I have 85k miles on my .2, and there’s no way it’s selling for $160k.
That’s true for you & many of us enthusiasts who value that sweet spot in the 997.2 GT3 as a driver. Our definition of value is very different than the “investors” who continue to swap/trade & speculate on their price point in the market (hedging they will continue to go up). But since there are SO few trading hands, even the Statisticians can’t even cover them in their analysis. Hold onto it & enjoy it forever!!
@@Rushwind100 What I meant was that I’d sell mine for $160k but no one would offer me that for an 85k mile car.
There's a lot of UA-camrs, especially British ones it seems that have been talking of crashes for the last year but with exactly 0 real evidence and only anecdotal. Some of them have been pontificating about crashes when the reality is they have actually kept value better than most sports cars. Nice to see actual facts being used not just hearsay.
American inflation has meant these cars are actually 40% cheaper and finance costs are over 9% so the loss is there it’s just hidden and not showing as much in asking prices.
Ha, that Jayemm bloke for example. But he does this to drive traffic to his videos. Controversial opinions sell….
Click bait videos, nothing more, waste of time. Enjoy your 911 gents, who cares if the cars loose money or not. 911 have one of the lowest depreciation anyways, so why stress, just drive and enjoy.
It seems whatever Porsche sports car you buy (911, Cayman, Boxster). If you drive it and actually put miles on it. Your way better off compared to its equivalents when it comes to depreciation. Regardless of when you buy.
Do the targa market!!! Please
how you compile all this data? how do you scrape it?
As always, well done 🎉
997 has been the GT3 to buy for the last several years for sure. Great vid as always
I'd love to see a video like this for the generation 5 Viper (2013 - 2017).
i wonder how much of the price is impacted by the dealer relationship management methodology. that is, dealers require buyers to have a very high degree of past purchase and purchase commitments, in order to get access to get an opportunity for an allocation of a specialty model, like the rs, sc, etc.
Is no of hands matters here even if you find a low mileage GT3 997.2?
Would love to see a GT3 Touring (only) video - 991’s GT3T’s seem to be holding while the 992 GT3T’s seem to be decreasing?
Suspect due to relative scarcity
Whereas plenty of 992 gt3t's
Excellent as always
The problem is the 992 GT3 was made for way to long all last gen GT3/RS where only made for 1 year and hold value better long term
Great video sir
"Yesterday, I was contemplating selling my 992 GT3, but after taking it for the usual spin, I had to change my mind again. At low revs, it sounds like a Neapolitan coffee maker, but as soon as it passes 5000 RPM, it screams like the best Pavarotti."
991.2 manual is now a $200k car in the US. Guess that goal is now out of reach.
Only low milage, PTS cars are reaching that number. A drivers car, non PTS can be had for ~$180k
Can you do a GR Yaris car deprecation analysis?
I will look into the possibility to track them.
Well, maybe another year or so and maybe those three to four year old cars with 10-15K miles will finally sell for the original MSRP…. Sheesh.
Thank you.
0:16 : 922 replace 992 ?
Typo
The 991.2 GT3 touring and GT3 RS are probably the best yet made. The 992 is very anodyne in comparison. The interior could be from MB or BMW, a distinct loss of individuality.
I think 992s will slowly trend to flat in Europe. Economic uncertainty will subside with rates starting to be cut likely at the next ECB meeting in early June. I'm seeing Clubsports for as little as €190k, purchasing power should start to trend up but you won't see speculation too early. Equity markets sitting at all-time highs in Europe would indicate a strong economy 12-18 months out.
interested in the 992 GT3RS market
You can find it here: ua-cam.com/video/i2xpVz7QwKY/v-deo.htmlsi=HchzkDRw5soZN3wq
You can map a 718 and tune it and beat the gt3 round a track and in a drag. I might do one for a project
2.5 turbo
In the winter you said these cars would be up again by the spring. You were wrong across the board and I was right. Nobody is buying nothing with these interest rates and more cars than ever are available. Wait unti inflation prices start climbing more and the market goes down from it's worst bubble in history. Everyone is holding steady for summer buyers, but those buyers are waiting to buy lowered stocks, not even lowered priced cars. My local porsche dealership is only selling to the 1%. Sellers, or as I like to call them, FLIPPERS should stop lying to themselves and take a small hit now before the shit hits the fan! What is your prediction for increase or decrease percentages on 911's by the end of summer?
I stated that the prices were stable and likely to drift lower slowly when it comes to the newer cars. ua-cam.com/video/o8ISi9dUeRo/v-deo.htmlsi=CSbLKkvGP5oppuCa
I dont think i ever said in any video after the pandemic price top that the price trend will turn up again. But please feel free to share the moment where you think i did.
@@fourwheeltrader Understood. We look forward to your predictions for 911's for the rest of the year. I see GT3's averaging around $220,000 by the fall
Tell us more about Tourings … please
911s hold value well tourings in right spec also. Cars aren't an investment, buy and enjoy!
You can’t go wrong with Porsche as in general they won’t do something to ruin value like suddenly offering 1% finance…you pay for what you get.
lol. None of these cars are down only 1.5%. As if you didn't buy insurance or register the car. As if you didn't do an oil change. As if you couldn't have made 22% investing in VOO. But they are fun!
Personally, I would only consider 997.2 and 991.2 models, as you're getting the best that those generations offer, plus in the case of the 991.1's you don't have that questionable 3.8L engine. The 992's are starting to get really interesting, with the last 3 or 4 cars I've seen on Bring a Trailer selling the $220K's to 230K's, which is encouraging if you're a buyer. I love my current 991.2 GT3, but if 992's get much softer I'd really be tempted to change.
Great take and I’d have to agree. Wouldn’t touch a 991.1, hopefully 992 prices will put pressure on the 991.2
991.1 GT3 engine warranty negates any fears. Heck, save the cash and buy a high mileage example and go try to break it…. New motor guaranteed for 10 years or 100K miles in the US.
@@tbtb196 True; but those 10 years are coming to end and personally I think the price difference (in Europe) between 991.1 vs 991.2 GT3 is not big enough to justify taking the risk with a 991.1 GT3. I rather buy a GT4 then a 991.1 GT3...but the dream (for me) is the 991.2 GT3.
@@hobear637 Hopefully 992.1 GT3 prices go lower, so that 991.2 GT3 prices will also drop even more. For me the 991.2 GT3 is the "one" to have of the modern GT3's.
Personally I think (in Europe) a 991.2 GT3 is the better deal (for the money) then the 992.1 GT3. Most (not all) owners (like Chris Harris) and reviewers who owned both prefer the 991.2 GT3 in look and feel above the 992.
Can you do a gt4 video please?
ua-cam.com/video/qNm0UFTcS9Q/v-deo.htmlsi=hDvGttRgjnDpwolT
This car in 10-20 years will still be close to close 100k prices
FINALLY EU MARKET INCLUDED!!!
What do you mean? The EU numbers are shown separately.
@@fourwheeltrader my bad sorry, wasn't paying attention
992 gt3 is perfectly priced
I would never spend this type of money on all Porsche. You guys are crazy 🤦🏾