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PORS9 Market Update January 2020

  January 2020 Porsche Market Update   Data as of January 31, 2020 – Units/Days on Market/Prices View Porsche’s in the PORS9 Database by VIN! Data as of January 31, 2020 – Days on Market/Percentages WANTED: Porsches for 2nd Hammer! Data as of January 31, 2020 – 30 Day Change Days on Market/Prices/Units/Percentages Join the PORS9 Email List!

Scottsdale 2020 Auction Recap

  PORS9 Scottsdale 2020 Auction Recap Some Surprises – Some Predictable Behavior   In the private market one expects, and mostly gets, rational actors. But that is not what auction houses count on. Auctions by nature are unpredictable. Emotions over-running factual evidence and bad decision making occurring in the moment are hoped for. Sometimes it’s ego … sometimes it’s just pockets too full of wastable cash … and sometimes both. And as such you have probably never seen Warren Buffett at an auction! By no means are we one to tell anyone how to spend their money – but we can point out when they have missed an opportunity to spend it wisely or have flushed it down the toilet. And we definitely saw both at Scottsdale 2020. Whether it be egos going to battle, a really good auctioneer working his magic or smart…

Scottsdale 2020 Auction Preview

  PORS9 Scottsdale 2020 Auction Preview Meh! For Porsches a Whimper … and a Fizzle   After a long hiatus we are back with our first live auction preview of 2020. And whether it’s saturation in the marketplace, lack of confidence in the current live auction scene or Scottsdale having lost its Porsche luster … 2020 Scottsdale is a shell of the past and a serious let down. There are no Porsches of any serious consequence nor interesting air-cooled rarities nor even a few race cars of interest … in fact we barely have enough to write about. Perhaps Scottsdale is simply no longer the place to sell your Porsche unless you have no other viable alternative, Amelia Island 2020 may help tell to reveal if that is truth. But more likely sellers are seeing the high market saturation of what 18 months ago…

PORS9 Market Update December 2019

  December 2019 Porsche Market Update   Data as of December 31, 2019 – Units/Days on Market/Prices View Porsche’s in the PORS9 Database by VIN! Data as of December 31, 2019 – Days on Market/Percentages WANTED: Porsches for 2nd Hammer! Data as of January 31, 2020 – 30 Day Change Days on Market/Prices/Units/Percentages Data as of December 31, 2019 – 30 Day Change Days on Market/Prices/Units/Percentages Join the PORS9 Email List!

PORS9 Market Update November 2019

  November 2019 Porsche Market Update   After a several month hiatus we are back with our monthly market updates now including the following new model additions: 991 Turbo and Turbo S – Including Exclusive 991.2 GT3 and GT3 RS 991 GT2 RS Some of the data collection is still catching up for the month to month comparisons. This will no longer be an issue starting with the December report in January. Data as of November 30, 2019 – Units/Days on Market/Prices Now View Porsche’s in the PORS9 Database by VIN! Data as of November 30, 2019 – Days on Market/Percentages WANTED: Porsches for PORS9 Marketplace! Data as of November 30, 2019 – 30 Day Change Days on Market/Prices/Units/Percentages Join the PORS9 Email List!

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…

PORS9 Launches 8 New 991 Models

  8 New 991 Models Added 17,000+ New VIN’s in Searchable Database PORS9 40,000+ North American Porsches   After some time of compiling and processing we are able to announce that we have rounded out our 991 model database with 17,000+ new VIN’s covering models from the 991.1 Turbo through the 991.2 Turbo S Exclusive. All new models are now available through the PORS9 search app. The new models added are: 991.1 Turbo 991.1 Turbo S 991.2 Turbo 991.2 Turbo S 991.2 Turbo S Exclusive 991.2 GT3 991.2 GT3 RS 991 GT2 RS As you can expect from PORS9, model searches can be broken out in full detail. And for the first time anywhere specifications for the GT3, GT3 RS and GT2 RS can be broken out by build package. We will start adding the new models to our Porsche Marketplace Updates soon! WANTED:…

Special Market Update 991 GT2 RS

  991 GT2 RS Added to PORS9 Registry Franchise Dealers – How Much Over MSRP? Build Stats + What are They Asking?   We quietly added the 991 GT2 RS to the PORS9 Registry two weeks ago (and will announce more models later this week – taking the PORS9 Registry to over 40,000 VIN’s). And in the meantime we have been collecting some early data which we wanted to share. We thought the best place to start would be with Franchise dealers and their inventory. The model is new enough yet no longer hot enough that there is plenty sitting on their floors. To start here are few facts for North America (subject to slight revision through the end of the year): Estimated Total Production Sales North America = $435,388,986 1,281 Built North America = 100% 1,153 Built US = 90% 128 Built Canada…

Pebble Beach 2019 Auction Recap

  Pebble Beach 2019 Auction Recap Estimate Ranges Too High and Too Wide A Lot of Fumbling at Pebble   Imagine the scene. A special video plays an intro for Type 64 the highly anticipated one and only pre-Porsche Porsche coming to the stage – certainly destined for aggressive high bidding action from around the globe. The auctioneer opens the bidding at $30m – what? The crowd oohs and aahs and the auctioneer stutters a defense for his opening gambit that this is “… a very special car.” A bidder waives their hand and the massive display board pops $30m on the screen. Before the stunned crowd can absorb their disbelief in this number being accepted the auctioneer cries out a $40m bid – the crowd cannot believe what they are witnessing – surely an all-time record will be made tonight. And before one…

PORS9 Market Update July 2019

  CBA July 2019 Porsche Market Update Large Price Drops in Top Models Tells a Tale?   It seems that as summer rolls forward reality is setting in for those selling the most expensive models. They aren’t moving and it’s not going to get any easier once fall rolls in. We have seen average asking prices for 918 Spyder and Carrera GT in particular fall considerably. These are interesting cases along with the 997 GT2 RS (and others such as the 911R), which have also seen measurable weakness. It is generally assumed that 918 owners ‘don’t need the money’, maybe so. But it seems that they do ‘want the money’ … before the profits slip away. Buyers certainly seem to doubt the 918’s ability to hold current values. And in truth, as compared to the historical Porsche ownership experience of limted models, they have…

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