Market Slowdown | Why a Porsche Cayman is Still a Financially Savvy Purchase
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- Опубликовано: 31 май 2024
- Depreciation is one of the major costs that comes with owning a sports car and some models are notorious for crazy high depreciation rates, costing owners tens and thousands of dollars. The Porsche cayman is one of them, but even in this market, there are some premature sign of cracking price trends.
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The Porsche Cayman market softened slightly compared to february but that it still very much belongs to the group markets that outperformed the general market. If you are shopping in this segment and care about depreciation, it is hard to ignore the cayman. It is one the most financially savy purchases you can make. Values decreased by an average of 2.7% excluding the GT4 RS and this is less than the market average. GT4s were even flat during last year, after they bounced back from correction in the second half of 2022.
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. 
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BMW M4 F82
Just depreciated my GTS 4.0 to the tune of 650 miles today. Pure joy! Thanks for the market update!
ICE Cayman values only going up in the future once Porsche stops ICE and moves to 100% EV Caymans. I’m sure the EVs will be faster but they will never provide the same driving experience!
in australia may 27 was the last day to order one
I'd be curious to see the breakdown of manual vs PDK Caymans (if possible). Just an idea for the next one. 👍
I agree with this!!!
I’ve been watching the Cayman market for 3 years and this is spot on. Carried over inventory is spiking in 2024. Even still, dealers aren’t cutting prices on 987.2s. I’m fairly certain when they sell after 90 days, they are being discounted at the negotiation table, but not publicly. This is keeping prices artificially flat when they are actually coming down.
987.1s continue to drop due to IMS/bore scoring scares. A local guy listed his 2006 CS for 30k but offered to sell it for 26k when we met up. 987.1 inventory is going up and private sellers seem motivated to make a deal.
Here are my 987 market evaluations in 2024:
987.1 base = 20-25k
987.1 S = 25-34k
987.2 base = 24-32k
987.2 S = 32-45k
As always, transmission, mileage, color, options, and overall condition play a significant role in valuation.
I am also seeing an uptick in 987.2 R prices in recent months. It may be the season, or may be a trend change, but Rs are trending up towards 90k.
THanks for this update on the Cayman!
Paid £30k for a fully loaded 981S, already worth 15-20% more. The 718 line up is being phased out . Very few good flat 6.
Thank you! That's great news. I'll keep my ruby red 987.1 5spd base as it's so much fun on the twisty back roads around here. 😃
Love your reviews and analysis brother keep up the good work. Have to return back to the 718 spyder and lotus emira in the US market.
YESSSSS been hoping for this for months, I hope you cover the GT4 as well! Starting now.
I got my base 981 at the start of 2024. The previous owner originally bought it mid covid at an inflated value and lost of 25% of its value in 2 years. Im glad I got once the market settled down.
Great vids as always! How about an update on the Shelby GT350?
718 GTS is the best bang for buck Porsche. Can’t wait for when the full EV next gen is revealed so prices can appreciate on the ICE models or at least remain steady and hold their value.
The GTS 2.5L?
@@zackvandenhouten6067 yup, that one.
@@darrylgarcia9147 I’m picking one up Thursday haha. I’m wondering if long term they won’t be as desirable because they will be slower than the hybrids but not as pure as the flat 6. Just a question, I really don’t know
@@zackvandenhouten6067 as pure? The 718 GTS turbo is better than the 4.0 honestly. More usable torque down low and feels snappier/quicker. That flat 6 engine ain’t worth $30-40k more just because it sounds better to the so-called purists lol. A Porsche is a Porsche.
@@darrylgarcia9147 I don’t disagree right now. My argument is that the hybrid will be better at the positives of the turbo. The naturally aspirated engine will almost undoubtedly hold its value better long term compared to the turbo (and the hybrid!)
I just took delivery of a 24 caymen gts manual!!!
Thanks!
Interesting how different the UK market is. 718GT4s held strong throughout 22 and most of 23 then fell hard++ in the 4th Quarter of 2023, which is when I bought. They've continued down since but not as rapidly.
Very interesting market analysis.Question, if you state 5% depreciation in 1 year what assumption on mileage for that year do you make.Also does your analysis apply to UK. Thanks
I have 2 points to make:
1) it's about time the world stops considering things an asset like a stock or a house.
2) it's pretty damn sure that when i'll be able to afford a porsche the market will correct 1-2 years before and make it unaffordable (fml)
Thanks for the videos!
How relatable are these to the European market you think?
Difficult to say, there can be big differences. I will include the German market as well for future videos.
We have a 987R and will not sell it for $150k
What’s your opinion on the SLS AMG market?
I included a recent price chart for the SLS AMGs on my instragram account. Have a look.
I watch all your videos and subscribed. You always skip the Cayman T and Boxster T. But to add insult to injury, you put a Cayman T on the cover shot, get me all excited and again nothing about the Ts! Love the work but at least if you ignoring the Ts, then take it off the cover please. : )
I see your point 😅. Usually i exclude them because the market is so small and the price uncertainty in the trend relativity high. They follow the same pattern as the base/s models
I have a 2009 987.2 base 6sp manual and having a hard time judging if I need to hurry up and sell it or is it ok to enjoy it for the summer. I know the car is a very small segment and hard to get a statistical average on a manual transmission car. Any insight would be helpful.
Car are not investments so it’s hard to predict, it cost me £11k in running / maintenance costs and depreciation for two years ownership of abase 987.2 manual. Enjoy your Cayman, it is not entirely clear why you need to hurry up and sell your car, if you are worried about depreciation then only you can judge where to cut your losses.
Get rid of it and look for a 911.... It's what you wanted in the first place.
What car would you be moving into instead? Unless its a 997.2, 981 Cayman or your moving into a Toyota. Every other car out there will likely depreciate far worse then a Manual Cayman or 911 would.
The car will go this year, it would just be now or this fall. Hence the question and with the .2 market so small it is hard to judge what is the better choice. I will get back into another sports car next year.
@@ForgetfulFoot The iconic 911 will always hold more money than the Cayman. Own and enjoy the 911. Most, if not all Cayman owners regret their decision....wanting the iconic 911.
dont temp to get a porsche cayman because i just might
Need an update on C6, 7, and 8 Corvette (i.e. not just new ones just like you go back to 996). Sell like crazy here.
The last C8 update is not so old yet: ruclips.net/video/MhCOrMGZIZA/видео.htmlsi=P0n3PnfTRC1yqrhn
I will include the C7s again in future updates, unfortnately not the C6.
@@fourwheeltrader too bad. The 7 and 8 are to new and the 6 is definitely a different car. Is like including only the 991 and 992 and ignoring the 997 and 6. Still, enjoyable films.
Can we please know where are 765LT landing ?
Have a look at this video: ruclips.net/video/369_Fg1sKoI/видео.htmlsi=gw4Tup_wM5J5j6sU
@@fourwheeltrader thank you!! Can we please have your views and outlook on the UK/EU market for the LT modes please
Toyota next? Please :)
How do you not have not have over 100k subscribers yet!!!! SUB PEOPLE!!!! SUB!!!