CBA August 2019 Porsche Market Update
Market Leveling Out?
Prices lowered to move the inventory?
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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 |
| 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 |
| Total |
185 |
176 |
387 |
748 |
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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 |
| 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% |
| Total |
25% |
24% |
52% |
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 |
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| Total |
-4% |
4% |
-3% |
-2% |
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