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PORS9 Market Update June 2019

 

CBA June 2019 Porsche Market Update

Inventory Drop Mostly Due to 991.1 GT3RS

 

As we move into summer the volume of cars being taken off the market appears to be increasing – an overall drop of 5% in market inventory. The 180+ days inventory fell by 14% indicating that sellers are figuring out that at some point you have to take the car off the market or capitulate on price and move it. Most likely we are witnessing the former combined with a drop in new cars coming to market (off by 5%) as summer comes in to full swing.

The best example of the what the market is doing can be seen in the 991.1 GT3RS. The 180+ days on market inventory fell by 30% as cars listed this long were figured to be stale – or bargains. And even though the total market inventory of the model fell by 27 units a whopping 142 units remain on offer. An average price drop of $4,500 isn’t nearly enough to entice the volumes of buyers needed to reduce the inventory to a healthy 3% or less of production (currently at 9%) .

Summer buying enthusiasm may be over. Vacation time is here and there other things to focus on. Concurrently, with so many examples of many models available, there is little urgency for buyers who are willing to wait for prices to drop to bargain levels. The impact of newer models on demand for the models in this report is most likely measurable as well (we will start to understand this impact once we begin processing data on additional 991 models later this summer).

We collect daily market data on PORS9 Registry models (by VIN) which we summaraize and share in a monthly blog post which we believe is useful as a barometer for the market and its direction over time. Current month data consists of publicly offered examples tracked individually for their time on the market and price as of June 30 2019. Price data is asking.


    Data as of June 30, 2019 – Units/Days on Market/Prices

June-19 180+ 90-180 <90 Total Units Average Ask Average Miles
918 Spyder Base 4 1 4 9 $1,539,778 1,510
918 Spyder Weissach 6 1 2 9 $1,698,065 2,462
Carrera GT 6 5 6 17 $866,609 3,686
911 R 1 1 4 6 $346,429 520
997 Speedster 3 1 2 6 $248,484 7,461
997.1 GT3 5 7 14 26 $94,850 27,135
997.2 GT3 8 3 10 21 $114,986 19,159
991.1 GT3 27 38 80 145 $133,540 12,169
997.1 GT3 RS 11 3 7 21 $167,895 13,757
997.2 GT3 RS 10 9 12 31 $179,918 12,810
997 GT3 RS 4.0 3 2 1 6 $457,940 5,066
991.1 GT3 RS 38 29 75 142 $187,582 4,208
997 GT2 4 4 6 14 $229,895 9,060
997 GT2 RS 3 1 4 8 $427,822 5,809
997.1 Turbo 35 33 114 182 $77,854 36,483
997.2 Turbo 12 9 29 50 $93,334 29,067
997 Turbo S 9 15 60 84 $101,366 22,980
Total 185 162 430 777



Now View Porsche’s in the PORS9 Database by VIN!



    Data as of June 30, 2019 – Days on Market/Percentages

June-19 180+ 90-180 <90 Total Units
918 Spyder Base 44% 11% 44% 100%
918 Spyder Weissach 67% 11% 22% 100%
Carrera GT 35% 29% 35% 100%
911 R 17% 17% 67% 100%
997 Speedster 50% 17% 33% 100%
997.1 GT3 19% 27% 54% 100%
997.2 GT3 38% 14% 48% 100%
991.1 GT3 19% 26% 55% 100%
997.1 GT3 RS 52% 14% 33% 100%
997.2 GT3 RS 32% 29% 39% 100%
997 GT3 RS 4.0 50% 33% 17% 100%
991.1 GT3 RS 27% 20% 53% 100%
997 GT2 29% 29% 43% 100%
997 GT2 RS 38% 13% 50% 100%
997.1 Turbo 19% 18% 63% 100%
997.2 Turbo 24% 18% 58% 100%
997 Turbo S 11% 18% 71% 100%
Total 24% 21% 55% 100%



WANTED: Porsches for PORS9 Marketplace!



    Data as of June 30, 2019 – 30 Day Change Days on Market/Prices/Units/Percentages

30 Day Delta 180+ 90-180 <90 Total Units Average Ask Average Miles
918 Spyder Base 1 0 0 1 0 409
918 Spyder Base 33% 0% 0% 13% 0% 37%
918 Spyder Weissach 0 0 1 1 $31,833 (141)
918 Spyder Weissach 0% 0% 100% 13% 2% -5%
Carrera GT 1 1 0 2 $(19,443) (5)
Carrera GT 20% 25% 0% 13% -2% 0%
911 R -3 1 1 -1 $20,732 80
911 R -75% 100% 33% -14% 6% 18%
997 Speedster 0 0 0 0 $(7,472)
997 Speedster 0% 0% 0% 0% -3% 0%
997.1 GT3 -1 0 4 3 $(4,920) 2,499
997.1 GT3 -17% 0% 40% 13% -5% 10%
997.2 GT3 -3 1 -3 -5 $1,093 1,160
997.2 GT3 -27% 50% -23% -19% 1% 6%
991.1 GT3 0 4 -3 1 $(895) 377
991.1 GT3 0% 12% -4% 1% -1% 3%
997.1 GT3 RS 0 0 0 0 $2,198 (427)
997.1 GT3 RS 0% 0% 0% 0% 1% -3%
997.2 GT3 RS 1 2 -8 -5 $86 (1,247)
997.2 GT3 RS 11% 29% -40% -14% 0% -9%
997 GT3 RS 4.0 2 -1 -1 0 0
997 GT3 RS 4.0 200% -33% -50% 0% 0% 0%
991.1 GT3 RS -16 -4 -7 -27 $(4,492) (17)
991.1 GT3 RS -30% -12% -9% -16% -2% 0%
997 GT2 -2 0 0 -2 $2,654 (1,446)
997 GT2 -33% 0% 0% -13% 1% -14%
997 GT2 RS -1 0 1 0 $(16,983) 642
997 GT2 RS -25% 0% 33% 0% -4% 12%
997.1 Turbo -2 2 -2 -2 $566 (44)
997.1 Turbo -5% 6% -2% -1% 1% 0%
997.2 Turbo -4 1 -8 -11 $1,879 (1,138)
997.2 Turbo -25% 13% -22% -18% 2% -4%
997 Turbo S -3 3 1 1 $(1,503) 1,371
997 Turbo S -25% 25% 2% 1% -1% 6%
Total -30 10 -24 -44
Total -14% 7% -5% -5%



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