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PORS9 Market Update August 2019

 

CBA August 2019 Porsche Market Update

Market Leveling Out?

Prices lowered to move the inventory?

 

Summers over it’s time to clear the decks. And the data would seem to support that prices being lowered to move the inventory is in fact what is happening. We can see that inventory numbers are down but average ask prices are flat or up. This would indicate that lower priced cars are being moved, lowering inventory counts but increasing the average price of remaining holdouts.

For the first time we have added partial month data for the 991 GT2 RS. This increased the inventory count by 17 units. Despite this the inventory count total fell by 13 units. A swing of 30 units. Average unit age over 90 days was unchanged and short term inventory fell by 3%. Put it all together and feels like prices are being lowered to move cars – sellers are beginning to capitulate to market forces.

Next report we will be adding 7 additional 991 models which will initially skew overall totals. But we will still be able to segregate prior models and assess their behavior going into the fall. By the end of the year we will have 90 days of data on all of the new models and should have a real feel for their markets as well.


    Data as of August 31, 2019 – Units/Days on Market/Prices

August-19 180+ 90-180 <90 Total Units Average Ask Average Miles
Total 185 176 387 748
918 Spyder Base 2 2 3 7 $1,429,450 1,651
918 Spyder Weissach 5 0 5 10 $1,678,856 3,132
Carrera GT 6 4 5 15 $798,511 4,434
911 R 1 2 8 11 $352,325 700
997 Speedster 3 2 0 5 $275,961 6,213
997.1 GT3 6 5 19 30 $95,028 28,141
997.2 GT3 4 4 12 20 $111,819 21,780
991.1 GT3 23 37 82 142 $129,902 13,632
997.1 GT3 RS 12 4 4 20 $162,845 13,813
997.2 GT3 RS 10 10 9 29 $178,782 13,125
997 GT3 RS 4.0 5 1 1 7 $452,940 5,940
991.1 GT3 RS 48 27 53 128 $185,649 4,121
997 GT2 7 1 3 11 $223,746 9,044
997 GT2 RS 3 2 2 7 $409,942 5,959
991 GT2 RS 0 0 17 17 $359,158 417
997.1 Turbo 31 45 96 172 $77,526 37,449
997.2 Turbo 9 13 24 46 $95,617 25,779
997 Turbo S 10 17 44 71 $101,643 25,938



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



    Data as of August 31, 2019 – Days on Market/Percentages

August-19 180+ 90-180 <90 Total Units
Total 25% 24% 52% 100%
918 Spyder Base 29% 29% 43% 100%
918 Spyder Weissach 50% 0% 50% 100%
Carrera GT 40% 27% 33% 100%
911 R 9% 18% 73% 100%
997 Speedster 60% 40% 0% 100%
997.1 GT3 20% 17% 63% 100%
997.2 GT3 20% 20% 60% 100%
991.1 GT3 16% 26% 58% 100%
997.1 GT3 RS 60% 20% 20% 100%
997.2 GT3 RS 34% 34% 31% 100%
997 GT3 RS 4.0 71% 14% 14% 100%
991.1 GT3 RS 38% 21% 41% 100%
997 GT2 64% 9% 27% 100%
997 GT2 RS 43% 29% 29% 100%
991 GT2 RS 0% 0% 100% 100%
997.1 Turbo 18% 26% 56% 100%
997.2 Turbo 20% 28% 52% 100%
997 Turbo S 14% 24% 62% 100%



WANTED: Porsches for PORS9 Marketplace!



    Data as of August 31, 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 0 0 1 1 $(50,000) (38)
918 Spyder Base 0% 0% 50% 17% -3% -2%
918 Spyder Weissach 0 0 0 0 $- 41
918 Spyder Weissach 0% #DIV/0! 0% 0% 0% 1%
Carrera GT 1 0 -1 0 $(3,691) 330
Carrera GT 20% 0% -17% 0% 0% 8%
911 R 0 0 2 2 $24,279 183
911 R 0% 100% 33% 22% 7% 35%
997 Speedster 0 0 -1 -1 $23,194 (1,249)
997 Speedster 0% 0% -100% -17% 9% -17%
997.1 GT3 0 3 2 5 $(3,508) 6,129
997.1 GT3 0% 150% 12% 20% -4% 28%
997.2 GT3 -2 1 1 0 $(2,607) 607
997.2 GT3 -33% 33% 9% 0% -2% 3%
991.1 GT3 -4 -3 -6 -13 $(977) 963
991.1 GT3 -15% -8% -7% -8% -1% 8%
997.1 GT3 RS 1 -2 -2 -3 $(145) (40)
997.1 GT3 RS 9% -33% -33% -13% 0% 0%
997.2 GT3 RS -2 2 -2 -2 $(460) 148
997.2 GT3 RS -17% 25% -18% -6% 0% 1%
997 GT3 RS 4.0 1 0 0 1 $- 874
997 GT3 RS 4.0 25% 0% 0% 17% 0% 17%
991.1 GT3 RS 3 -3 -7 -7 $522 (50)
991.1 GT3 RS 7% -10% -12% -5% 0% -1%
997 GT2 1 -2 -2 -3 $(4,659) (17)
997 GT2 17% -67% -40% -21% -2% 0%
997 GT2 RS 0 1 -1 0 $1,192
997 GT2 RS 0% 100% -33% 0% 0% 0%
991 GT2 RS 0 0 17 17 $359,158 417
991 GT2 RS 0% 0% 0% 0% 0% 0%
997.1 Turbo -2 7 -7 -2 $(635) 6
997.1 Turbo -6% 18% -7% -1% -1% 0%
997.2 Turbo -3 2 0 -1 $1,019 (2,718)
997.2 Turbo -25% 18% 0% -2% 1% -10%
997 Turbo S -1 1 -7 -7 $(338) 335
997 Turbo S -9% 6% -14% -9% 0% 1%
Total -7 7 -13 -13
Total -4% 4% -3% -2%



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