CBA May 2019 Porsche Market Update
More Inventory Moving to 180+ Days
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Spring has been considered selling season for houses, cars and boats … for Porsche’s spring has not sprung in 2019. While some models are selling OK … many are sitting, moving into long term inventory – not by choice. As the summary table below shows the vehicles in the PORS9 database which are still on the market are aging. And because we track by VIN, cars which move around between dealers to stay fresh cannot hide their on the market age.
We thought the price expectations gap appeared to be narrowing leading to more cars selling and leaving the market … but it seems more so what we are seeing is sellers either removing their cars from the market or simply holding off selling altogether. New cars on the market are down and cars on the market 180+ days are up. Less cars coming in and more aging. Asking prices are off a little but not enough to on net clear the inventory.
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 May 31 2019. Price data is asking.
Data as of May 31, 2019 – Units/Days on Market/Prices
| May-19 |
180+ |
90-180 |
<90 |
Total Units |
Average Ask |
Average Miles |
| 918 Spyder Base |
3 |
1 |
4 |
8 |
$1,539,778 |
1,101 |
| 918 Spyder Weissach |
6 |
1 |
1 |
8 |
$1,666,232 |
2,602 |
| Carrera GT |
5 |
4 |
6 |
15 |
$886,052 |
3,691 |
| 911 R |
4 |
0 |
3 |
7 |
$325,697 |
440 |
| 997 Speedster |
3 |
1 |
2 |
6 |
$255,956 |
7,461 |
| 997.1 GT3 |
6 |
7 |
10 |
23 |
$99,770 |
24,636 |
| 997.2 GT3 |
11 |
2 |
13 |
26 |
$113,893 |
18,000 |
| 991.1 GT3 |
27 |
34 |
83 |
144 |
$134,435 |
11,792 |
| 997.1 GT3 RS |
11 |
3 |
7 |
21 |
$165,697 |
14,183 |
| 997.2 GT3 RS |
9 |
7 |
20 |
36 |
$179,833 |
14,057 |
| 997 GT3 RS 4.0 |
1 |
3 |
2 |
6 |
$457,940 |
5,066 |
| 991.1 GT3 RS |
54 |
33 |
82 |
169 |
$192,074 |
4,225 |
| 997 GT2 |
6 |
4 |
6 |
16 |
$227,241 |
10,507 |
| 997 GT2 RS |
4 |
1 |
3 |
8 |
$444,805 |
5,168 |
| 997.1 Turbo |
37 |
31 |
116 |
184 |
$77,288 |
36,528 |
| 997.2 Turbo |
16 |
8 |
37 |
61 |
$91,455 |
30,205 |
| 997 Turbo S |
12 |
12 |
59 |
83 |
$102,869 |
21,608 |
| Total |
215 |
152 |
454 |
821 |
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Data as of May 31, 2019 – Days on Market/Percentages
| May-19 |
180+ |
90-180 |
<90 |
Total Units |
| 918 Spyder Base |
38% |
13% |
50% |
100% |
| 918 Spyder Weissach |
75% |
13% |
13% |
100% |
| Carrera GT |
33% |
27% |
40% |
100% |
| 911 R |
57% |
0% |
43% |
100% |
| 997 Speedster |
50% |
17% |
33% |
100% |
| 997.1 GT3 |
26% |
30% |
43% |
100% |
| 997.2 GT3 |
42% |
8% |
50% |
100% |
| 991.1 GT3 |
19% |
24% |
58% |
100% |
| 997.1 GT3 RS |
52% |
14% |
33% |
100% |
| 997.2 GT3 RS |
25% |
19% |
56% |
100% |
| 997 GT3 RS 4.0 |
17% |
50% |
33% |
100% |
| 991.1 GT3 RS |
32% |
20% |
49% |
100% |
| 997 GT2 |
38% |
25% |
38% |
100% |
| 997 GT2 RS |
50% |
13% |
38% |
100% |
| 997.1 Turbo |
20% |
17% |
63% |
100% |
| 997.2 Turbo |
26% |
13% |
61% |
100% |
| 997 Turbo S |
14% |
14% |
71% |
100% |
| Total |
26% |
19% |
55% |
100% |
Data as of May 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 |
-1 |
1 |
-1 |
-1 |
$(9,970) |
(690) |
| 918 Spyder Base |
-25% |
|
-20% |
-11% |
-1% |
-39% |
| 918 Spyder Weissach |
0 |
0 |
-1 |
-1 |
$12,759 |
104 |
| 918 Spyder Weissach |
0% |
0% |
-50% |
-11% |
1% |
4% |
| Carrera GT |
1 |
1 |
-2 |
0 |
$17,275 |
(1,052) |
| Carrera GT |
25% |
33% |
-25% |
0% |
2% |
-22% |
| 911 R |
1 |
-1 |
-4 |
-4 |
$7,700 |
41 |
| 911 R |
33% |
-100% |
-57% |
-36% |
2% |
10% |
| 991.1 GT3 |
8 |
7 |
-11 |
4 |
$(1,809) |
118 |
| 991.1 GT3 |
42% |
26% |
-12% |
3% |
-1% |
1% |
| 991.1 GT3 RS |
14 |
0 |
-11 |
3 |
$(3,561) |
131 |
| 991.1 GT3 RS |
35% |
0% |
-12% |
2% |
-2% |
3% |
| 997 GT2 |
0 |
2 |
-1 |
1 |
$1,961 |
466 |
| 997 GT2 |
0% |
100% |
-14% |
7% |
1% |
5% |
| 997 GT2 RS |
3 |
0 |
-2 |
1 |
$- |
(585) |
| 997 GT2 RS |
300% |
0% |
-40% |
14% |
0% |
-10% |
| 997 GT3 RS 4.0 |
0 |
2 |
0 |
2 |
$(5,660) |
(458) |
| 997 GT3 RS 4.0 |
0% |
200% |
0% |
50% |
-1% |
-8% |
| 997 Speedster |
1 |
1 |
-1 |
1 |
$(27,002) |
(995) |
| 997 Speedster |
50% |
|
-33% |
20% |
-10% |
-12% |
| 997.1 GT3 RS |
2 |
-2 |
2 |
2 |
$(9,975) |
609 |
| 997.1 GT3 RS |
22% |
-40% |
40% |
11% |
-6% |
4% |
| 997.1 GT3 |
3 |
-1 |
2 |
4 |
$569 |
(951) |
| 997.1 GT3 |
100% |
-13% |
25% |
21% |
1% |
-4% |
| 997.1 Turbo |
7 |
5 |
13 |
25 |
$1,179 |
(115) |
| 997.1 Turbo |
23% |
19% |
13% |
16% |
2% |
0% |
| 997.2 GT3 RS |
0 |
-3 |
4 |
1 |
$(1,563) |
(230) |
| 997.2 GT3 RS |
0% |
-30% |
25% |
3% |
-1% |
-2% |
| 997.2 GT3 |
3 |
0 |
-6 |
-3 |
$(512) |
(275) |
| 997.2 GT3 |
38% |
0% |
-32% |
-10% |
0% |
-2% |
| 997.2 Turbo |
7 |
-2 |
2 |
7 |
$(1,766) |
(135) |
| 997.2 Turbo |
78% |
-20% |
6% |
13% |
-2% |
0% |
| 997 Turbo S |
3 |
3 |
5 |
11 |
$(1,058) |
1,543 |
| 997 Turbo S |
33% |
33% |
9% |
15% |
-1% |
8% |
| Total |
52 |
13 |
-12 |
53 |
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| Total |
32% |
9% |
-3% |
7% |
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