The Porsche 911 992 Carrera Takes Its First Hit | Bigger Decline ahead?
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- Опубликовано: 16 сен 2024
- The 992 market takes its first hit after 1.5 years of price stability. By how much did prices decline? What does this mean for the future? And are other generations affected?
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The average depreciation rate increased from -2% to -5.5% in the 992 market. This is mainly driven by the 2023 and 2024 cars that started to accumulated miles. Also the inventory revealed that the market strength decreased slightly. Cars are a bit longer for sale than last year and are discounted a tad more than during last year. Despite a slight weakening in the 992 market, it is, in general, still depreciating less than the average rate, and that in absolute terms, cars are still selling extremely quickly.
The situation in the rest of Carrera market did not really change. Conclusions of the previous market update do then also still apply, those markets are exceptionally strong.
Disclaimer: The Content is for educational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained in this video constitutes a solicitation, recommendation, or endorsement to buy or sell any cars. The information published has been obtained from or is based on sources which are believed to be accurate and complete. Although reasonable care has been taken, the completeness and the accuracy of any information published cannot be guaranteed. Any opinions may be wrong and may change at any time. You should always carry out your own independent verification of facts and data before making any purchase decision.
*What car would you like to see analyzed next?*
Porsche Turbo S 991.2 17-19
@@MohamadAlwazzan Did you already see this one?
ruclips.net/video/HGiizTHbnT0/видео.htmlsi=SQA-YEKmdnsBdapF
E92 M3!!
Are ‘19+ Aston Martin Vantage prices absolutely tanking? They were $170-180k new with options originally, and now you can get them in the $70ks, which is almost Taycan Turbo levels of depreciation 😮 Wondering if the 2025 facelift or V12 introduction are killing them
Alfa romeo Giulia quadrifoglio!
It’s about time. The prices are stupid.
Well for the 2023 and 2024 cars, Porsche really jacked up the prices on them without really much of any benefit over the 2021 and and 2022 cars, so for them to come closer to inline with the 2021 and 2022 cars makes sense. The Porsche 911 market is one of the most interesting car markets around
That makes sense… the used 23/24 values are just back where they would have been (without the huge new car list price rises)
Porsche sales down 33% in China. Shape of things coming global recession
I was ready to pull the trigger on a new Targa when logic intruded. Still want one, but not at 175K.
Owners will be fine. Like every generation it will be ‘the last of’. So far we have, last of: air cooled, naturally aspirated and soon non- hybrid.
you forgot the last of the analogs - 997's. I agree it's a bit stupid. Turbo's were all the hype, untill everyone gets a turbo. I mean, come on!
Just got my 2024 992T manual with LWB seats, probably the last few allocations, called many dealers this year, no allocations and found one in Southern California to my spec with minimum options and the last of the 992.1.
Will never sell it, so value don’t matter to me. Porsche collecting, looking for a clean G50 next!
I think there’s been a realization that the 991, .1 or .2 depending on one’s preference, is the sweet spot
When it comes to value for money sweetspot with Porsche I would go for a 981/982(718) Cayman/Boxster.. Almost the same car as the 991 911 with only a different (arguably better) engine gearbox layout, for a lot less money.. Makes way more sense to me, especially if you want a convertible (get a Boxster).. Unless of course you are ok with putting a lot more money into the car just for the extra status of a (991) 911, and/or really cannot do without those backseats..
Video that explain a lot about the Cayman/Boxster 911 family heritage: ruclips.net/video/z8RDTsr9POA/видео.html
@@inflatable2 Well, as someone who has a 6MT GTS 4.0 I couldn’t agree more! A very pure driving car and that big NA engine is hard to beat. And significantly cheaper than a 911
@@inflatable2 I noticed you didn’t mention looks…The 911 is far more pleasing to the eye.
@@CraigPulliam That's 100% subjective.. Plenty of people prefer the looks of a Cayman or Boxster, especially over the lastest 992 911 which many think has gotten to big..
@@inflatable2 I buy that but I’d argue the size of the car is more about driving dynamics than looks.
Love my 992.1 GTS manual
And love has made you blind
@@s.gharavi1614 Your Mom loves the car 😜
Long term, that will hold its value well. I think it will take a decent number of years before they become become appreciated, but I am almost certain they will. The 992 platform is so good, and the 992.1 is last of the manuals for the S and GTS.
@@nafnaf0 Think you’re absolutely correct. Have a good weekend
Thanks. You too
Porsche is a hedge against inflation
A new 4S in Canada in 2020 was about $155k, I priced one.. lease for 3 years buyout was about 94k... Now used 2020 are selling for 150 to 170k lol... insanity.. a new 2024 is around $200k.. better to just buy a new one or a 2023 for 180 to 190k
My 2024 992T and I …Thank you!
I think T is a smart purchase.
The 991.2 is more of a pleasant mix between digital and analogue.
I love your channel. I dont own any of these luxury cars but with the information you provide, atleast i'm more informed!!
Thanks for tuning in
If you want to buy a 911 let the prices continue to drop due to high interest rates. The car market is so slow that you will see more discounts and many just sitting on the lots for over 4 months.
Porsche sales off 33% in big China market . Soon coming to your country too 😵😵
pfffft
Good. We don’t want them having too much influence over car designs anyway. We’ve all seen the results of their excessive influence over the latest BMW designs…
@@RB-xv4si I go to China trade shows . They have lots of clone cars and MCycle. They even clone the motors too . Lately the fit and finish quite good . Hyundai seems to clone BMW driving characteristics quite well.
Unfortunately we are heading for global recession or worse . 2008 redo ?
Expect Stimulus albeit too late
Good. Porsche has been fleecing customers for years.
Uhhh. This is the resale market not MSRP. Porsche has nothing to do with this. What you can thank Porsche for is the lower depreciation of their vehicles due to high quality. Inflation of prices are due to independent dealerships or huge demand in resale market.
@@markitrix listen, Porsche fan boy, I'm talking about the fundamental mechanics of finance and you're talking about your emotions. There's no mass market, high volume, consumer product that behaves the way you describe. Go somewhere else.
@@s.gharavi1614 uhhh… supply and demand economics? I don’t think you know what you’re talking about to be honest. Price is a function of the market dude. And, if you want to talk about emotions, those make up a significant portion of consumer demand for a product. (It’s why marketing departments exist, to create emotional demand for products). Anyway, consider you have something to learn. These second hand markets are driven largely by emotional demand for a product. Fundamentals of finance.
@@markitrix I don't have time to give you an economics education. You are just spouting ametuer non-sense that you've been told thru other people who don't know either. Price ISN'T a function of the market. That is incredibly ignorant. For example, taxes aren't of the market, neither are import restrictions, or any government regulation. Insanity is also a market force, so even if it is a function of the market, it doesn't mean it's irrational. I can't explain to you why people loose money if you don't understand. but I am way way way above anyone you've ever met in your life on these subjects. Porsche 911 and Caymen prices are OVERVALUED and they WILL ADJUST DOWNWARD in REAL TERMS at some point. That's a fact. If you can't accept it go talk to someone else.
Not enough a hit for me to buy one...
Most 911s and Caymans are 30%+ under depreciation, so that's going to balance out eventually. It's just a matter of time.
Agreed. Waiting for an event that most surely is coming and that should give us the adjustment downward that has been a long time coming for not only Porsche, but Lamborghini and other exotics as well.
@@smiconsulting8434I think the best strategy is to pretend porsches suck then we’ll all buy one when they least expect it
They still lack 20-30% depreciation in my wold.
How would determine the depreciation rate of cars in market with low supply?
I think there’s a new car fatigue out there right now. Whilst they’re without doubt better than the previous generations, they’re almost, dare I say, too good? I know so many people buying performance cars from the 90’s and 00’s now. They have their flaws but that’s part of the appeal. It’s character. I really think this is where the market will be in the next 5 years or so.
Yes, I agree. I think we will see a decent trend down in the 992 market for the next few years and then it start to stabilize. I think it will certainly stabilize once the 994 comes out.
Being in the Porsche ownership club for 30 years now with 13 cars owned, I kind of see a bit of pushback on the 992 models with enthusiasts. I’ve never cared for all the black plastic on the front and rear ends, and not everyone is on board with the interior, and there have been a few quality issues with the new cars. The design of the 991 models were much cleaner, and the interior has the perfect mix of analog and digital gauges keeping the heritage alive. In my opinion the 991.2 S and GTS are just about perfect to me for a non-GT3 car. I do currently own a 991.2 GT3, and to be honest have no current plans to switch to a 992 version.
@@993mikeI would have to agree. I would take a 991.2 GT3 RS over a 992.1 GT3 RS any day.
Jake Raby has stated in an interview on youtube (I think his own vid series) his preference to early 996 due to being the most reliable. It will interesting to see how this affects the price.
His words have previously had major effect on 996 second hand prices.
Where are you getting this data? Also manual cars will offer a better return than PDK cars, which can affect the numbers. In Canada prices are definitely decreasing faster on 991.1 and 991.2.
In Canada a used 2020 is still selling for the price it was when new in 2020.. car prices here are not dropping
I´ve bought a 992.2. and I´m so happy...😍❤
Bought a new '24 911T Manual, very well optioned at MSRP back in late in June through online searching on Porsche's website. At that time, there were over 25 new 911 T manuals nationwide. Today, looking at the Porsche website, there are only 2 new 911 T's with a Manual left in the U.S. market. So glad I pulled the trigger when I did. Never thought I'd buy a new Porsche sight unseen, never set foot on the dealership, as it was an out-of-state purchase. IMO, Porsche killed the 2025 Carrera's by removing the analog tach and the iconic turn to start switch.
Cars in vent and especially EV are getting too expensive. Before the pandemic you would see a drop in price bit as prices are so high now, plus higher I tweet rates, buying used is more expensive, hence prices are dropping harder. There will be a car price bubble burst in the next 2 to 3 years. These prices cannot keep on going up as demand, especially on premium models is dropping, even more so on new models. You need a £20k deposit now to buy a £90k car, that would get you a monthly payment of £1400, crazy for say 3 years right 😧.
Thank you !
Hey, can you give me the lowdown on the new Range Rover or Sport SV? I heard the prices in the UK have taken a nosedive because of all the thefts. How does it stack up against the US or Germany market?
992.2 is here and so many 992.1 are on the road with increased prices when sold new . Logical
Of course the prices of the 992.1 have declined as the 992.2 was announced. The 992.1 is essentially out of date and the new ones are the 991’s that people want.
How good will a targa4 gts will hold value
Owning a porsche cayman or 911 has always been a dream of mine. But damn these prices!!!!
Where are you getting these figures? Are you using the original ADM adjusted sales prices? It seems like the vast majority of 23/24 GTS are selling above MSRP.
How about the air cooled 911 models?
Unfortunately I do not have any data on the air cooled market. Any particular generation you are interested in?
Timely! Hearing a lot of concern about prices weakening across 911 generations. Your data conflicts with those anecdotes. Data > hearsay.
I have no plans to sell, but markets are fascinating to follow. Thank you for continuing to aggregate these!
Recent porsche price increases ,new and used, imo went too high! i'm not surprised. Take a moment, since when did a carrera ,with nominal add-ons , become worth 135k.So i'm not surprised. And a carrera gts in 200k region? That's stupid, imo they will follow.
Can you do an analysis on a 992 Targa 4S please
Where does he get all this speculation? None of this information has been validated. This is NOT TRUE! And where is this man from?
The price trends are data driven and descriptive. I rarely talk about future prices and if i do so i outline that it is pure speculation.
I saw a Porsche manufacturer report a while back that the average income of a brand new Porsche buyer was roughly $400,000 USD per annum.
If I was earning that much per year. I probably wouldn't care if my car depreciated at these rates.
@@ForgetfulFoot I'm sure you would. Nobody likes their money evaporating into thin air.
Wait till 25’. Some nastiness coming
EV analysis? in overall would be interesting very very cool analysis
Sounds like I should wait on getting a 992 Carrera S then. Let me know if anyone agrees
Why wait.. these figures are quite accurate but understand your Porsche will bring you much joy and thrill and with that said it will only appreciate the longer you own it. Good luck
ASTON Martin , Vanquish
2024 cars became less desirable, simply 'cos Porsche has introduced 992.2 models. Pppl who were interested in a few months old cars, now set their sight on .2 cars. Simple as that.
993 c2 and c4 market
Does the UK follow?
Mass production cars will depreciate
absolutely stunning. mass produced cars that actually appreciates, mind blowing (997). that's why there's the porsche cult
The 997 becoming stable makes sense, there really arn't any cars like that available today. It is smaller, and has a much more analog feel. The 997 911 Turbo manual is particularly special.
Just buy in cash , you dont need worry the depreciations.
All cars depreciate
Hi, can you cover the AMG GT market again? I am specifically shopping for an AMG GT C 2020 to 2021. One of the challenges with this market is that the various models are categorized incorrectly on many websites. S’s are being sold as C’s and Black series as R’s. Quite a mess and/or scamming from dealers.
They are included in the next video.
Why are people surprised brand new Cars taking a hit when you take it out the dealers. The whole Car market is in a mess, if people think your buys supercars these days and making money then I personally think your nuts. Those days are gone and Porsche is firing out Cars at a rate of knots. Ferrari are taking hits too with people buying Cars they don’t want to get on the favourites list for new models and selling them the minute they can. Let’s face it Porsche is a fantastic brand many would love to own at least once and that will always make a difference.
BMW XM depreciation
992.2 incoming, ofcourse it will correct.
Porsche fans are pretty delusional, but eventually reality sets in. Most models are literally loaded with a 40% depreciation drop that will happen one way or another eventually
@@s.gharavi1614 Certainly possible, even plausible. There are situations where prices CAN stick though; revaluation. If a product is seen as undervalued for what it is, then depreciation can stay low, stop, or even appreciate. This is rare, but it does happen.
I always thought Porsches perform above their price class, so I could see COVID easy cash / inflation kick starting a value reassessment in consumers. Not hugely likely, but certainly possible.
.2 hybrid 💩 💩 💩 💩
Please consider making a video on the best way to determine the value of a 911 in the US market.
for Germany?
German data is included in the video.
Prices slide, not value! Pickups doing work have value, 911s are useless luxury (I love them) that has only a price!
nonsense
Buy a 718 Spyder! Holding values and better car for the money
Porsche cars are just cars. The fact they depreciate so few means its just another temp bubble of wishful thinking. It will burst when its time comes.
I want one but there is a part of me that says what’s the point of a garage trophy? I don’t drive all that much so why get a fancy car
pfffft. time says you are wrong
Can you do an analysis on a 992 Targa 4S please
Can you do a analysis on 992 Targa 4S please