Author | Discussion |
RB5_180
168 posts
70 months | Sunday 22nd March 2009 
I bought a 2002 3.6 C2 cab. manual, 1 owner, 50k miles, black with black leather for £20k in private sale. I have been looking for several months and this seemed the right deal for me. Can get cheaper but this seemed the right spec for a good resale. I reckon the market has strengthened since xmas, albeit Boxsters are severely out of favour for some reason (I was also looking for a 987). Im not sure how long this strengthening will last tho. as I think its just a reaction to the general reduction in stock for sale (not a market revival).  However, now that I have bought a car....yep, the market is definately strengthening...cough...
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911addict
392 posts
55 months | Sunday 22nd March 2009
Opposite experience from the last poster. Haven't looked in the classifieds since start of the year when good examples of all aircooled 911's (911, 964 and 993's) were holding fast. Now 2 months later, looked on Autotrader last week and was surprised to see low/mid mileage examples a good 10% down.
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nelly997s
1 posts
18 months | Tuesday 31st March 2009
gilford said:
oyster said:
So to summarise the responses on this and many other threads:
"All cars depreciate and you only live once so ignore the cost" - Said by those already owning.
"I think prices will plummet further and I'll grab a bargain in 1/3/6 months" - Said by those wanting to buy. Pretty much  The thing is the latter will always find the prices a little too high, hence the name armchair buyers. The former will be the one's with big smiles on their faces (albeit a little more out of pocket apparently) yeah......... why did we buy them in the first place ?........... just remind them how much there houses are gonna go down
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bcnrml
1907 posts
47 months | Sunday 5th April 2009
Porsche North America reports sales down 29% in March 2009. For the year to date, sales are down 27%. Marketwatch said:
Porsche Cars North America, Inc. (PCNA), importer and distributor of Porsche sports cars and Cayenne SUVs in the United States, today announced March sales in the U.S. of 1,749 units compared to the same period last year when it sold 2,467 new cars.
Facing another challenging month in the luxury car market in the U.S., Porsche's sales this March represent a decrease of 29 percent from the same time last year. However, based on a comparison with February of this year, sales for the month were up 15 percent, representing the best sales month so far this calendar year.
Through the first three months of 2009, Porsche's year-to-date U.S. sales are 4,925 versus 6,777 in 2008, a decline of 27 percent.
For the month of March, Porsche's Approved Certified Pre-Owned vehicle sales were 529, compared to 677 for the same period last year. Results tabulated here: http://www.marketwatch.com/news/story/porsche-repo...I'll report on the UK figures later in the next few days.
Porsche UK new car sales in March 2009: Down 38% on the previous year to 930 units. For the year to date, new car sales are down 36%. OPCs have never been busier indeed!  The overall market was down 30% (for the month and for the year to date). Only Alfa Romeo saw an improvement on the month. Everyone saw declines for the year to date. Dataset from the SMMT website.
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x12yhp
241 posts
25 months | Wednesday 22nd April 2009
With this new 2k scrappage - I wonder whether those buying second hand porsche may well be inclined towards buying a brand new something else!! Whilst the high end may not be hit too hard - those traders who bought at high prices in the last couple of months may well live to regret their attitude!
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bcnrml
1907 posts
47 months | Thursday 7th May 2009
Porsche North America sales down 35% in April 2009 to 1,853 units compared with April 2008. 2009 year to date sales are down 29% compared with 2008. Data from http://www.forbes.com/feeds/afx/2009/05/01/afx6367...Bear in mind that the US represented circa 40% of the company's sales by volume in 2007........ And that China has not yet kicked in (and may not for another couple of years given the current global problems). This is therefore a very serious matter. Porsche GB new car sales for April 2009 down 32% to 428 units compared with April 2008. The UK market was down 24% for April, and there's still plenty of blood (but Alfa Romeo bucking the trend). Data from SMMT. For the year to date, Porsche sales are down 35%. Total units? 1,860, about the same in four months as the US achieved in April....... As you can see, the UK is heading for such low volumes that may make the current OPC network and footprint completely unsustainable. HQ must be praying for China to kick in this year, and for an improvement in financing for the US market.
As for the UK anyone expecting the 2k incentive package to work - especially for this premium segment - is on cloud-cuckoo land. Germany saw an increase in sales after launching its scrappage scheme, but their scheme and market are structurally different to ours. France and Spain saw continued declines in car sales, notwithstanding their schemes (again different). Spain saw a 46% fall in April across the car market, by the way...... Their domestic auto market is very dependent on financing. I suspect Porsche will see sales declines for the rest of 2009. Wonder whether the bloodbath of Q3-Q4 2008 will be repeated in 2009 (in percentage terms). It will also be interesting to see if that makes any difference to the current extended warranty (which I'm sure they'll resist relaxing because of their likely desire to be uniform across the EU for all sorts of risk management issues!). More next month.
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uktrailmonster
2753 posts
37 months | Friday 15th May 2009
bcnrml said:
As you can see, the UK is heading for such low volumes that may make the current OPC network and footprint completely unsustainable. That's what I was thinking. Even if they cut back on sales staff and ramp up their used car sales, some of those fancy OPCs must have massive overheads.
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mt10argyll
181 posts
48 months | Thursday 21st May 2009
With sales of new cars down so much, will that not
firm prices of secondhand cars, I have been looking
at 966tts and they seem to be great valuecompared to
a year ago.I cant see them falling much more
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uktrailmonster
2753 posts
37 months | Thursday 21st May 2009
mt10argyll said:
With sales of new cars down so much, will that not
firm prices of secondhand cars, I have been looking
at 966tts and they seem to be great valuecompared to
a year ago.I cant see them falling much more Maybe in the future as the smaller pool of new cars goes onto the used car market in 2-3 years time. But it will also depend on the state of the economy at that point too.
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shamrock
840 posts
27 months | Tuesday 2nd June 2009
uktrailmonster said:
mt10argyll said:
With sales of new cars down so much, will that not
firm prices of secondhand cars, I have been looking
at 966tts and they seem to be great valuecompared to
a year ago.I cant see them falling much more Maybe in the future as the smaller pool of new cars goes onto the used car market in 2-3 years time. But it will also depend on the state of the economy at that point too. I'm not sure if this indicative of the market or if it was just timing but I had a look at 996tt's two weeks ago. The bottom of the market seemed to be around £27k-£29k. I've taken a look today and now the bottom of the market is £25k-£27k for similar specs.
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bcnrml
1907 posts
47 months | Tuesday 2nd June 2009
Porsche NA sales for May 2009 down 26% to 1,979 units (from 2,796 in May 2008). Year to date performance is 28.5% down on the previous year, to 8,757 units. Bear in mind some of these sales appear to be of pre-owned cars. Table here: http://www.reuters.com/article/rbssConsumerGoodsAn...More when I've got the UK figures.
SMMT figures confirm that Porsche GB new car sales for May 2009 were down 21% compared to May 2008. Total units sold? A whopping 399! OPCs must be really busy! Total to date? 2,259 units, a figure that is down 33% on the previous year. Remember, the previous year was declining by this stage too..... Maybe the Panamera will make up those sales.
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bcnrml
1907 posts
47 months | Friday 5th June 2009
Porsche German market sales below (May 2009 and year to date 2009) WSJ said:
FRANKFURT (Dow Jones)--Porsche Automobil Holding SE's (PAH3.XE) core sportscar unit said Friday that its German car sales in May were virtually flat on the year at 1,631 vehicles after 1,646 in the same month last year. Order intake on its home turf was up 24% on the year in the first five months at 5,958 cars, fueled by better-than-expected demand for the diesel version of its Cayenne sports-utility-vehicle. The company didn't breakdown the order intake figure for May. http://online.wsj.com/article/BT-CO-20090605-70575...Seems the Cayenne D is providing some traction! Will it be enough? Will it be sustained? The above means that by the end of May 2008, they'd sold only 4,800 cars in Germany. Just compare the above with the US market's figures.....
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easter
30 posts
29 months | Monday 8th June 2009
this is cheap !!!
Posting Date: 6/ 5/09 Expiration Date: 8/ 5/09 Page 1/ 1
Title: PORSCHE 911 (996) CARRERA 1999 T-REG £11K
Location: London Price: £11,000
Description:
METALLIC BLUE / TAN LEATHER SEATS AND INTERIOR. 36K MILES. GOOD CONDITION.
BRAND NEW TYRES. TWO OWNERS FROM NEW. TAX PAID UNTIL JULY '08. SELLING TO B
UY A FAMILY VEHICLE. CAN BE SEEN AT CANARY WHARF OR W2.
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shoestring7
2720 posts
83 months | Monday 8th June 2009
easter said:
this is cheap !!!
Posting Date: 6/ 5/09 Expiration Date: 8/ 5/09 Page 1/ 1
Title: PORSCHE 911 (996) CARRERA 1999 T-REG £11K
Location: London Price: £11,000
Description:
METALLIC BLUE / TAN LEATHER SEATS AND INTERIOR. 36K MILES. GOOD CONDITION.
BRAND NEW TYRES. TWO OWNERS FROM NEW. TAX PAID UNTIL JULY '08. SELLING TO B
UY A FAMILY VEHICLE. CAN BE SEEN AT CANARY WHARF OR W2. Probably some poor sap basing it's value on the dealer's trade-in offer. Unless there's some history... SS7
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mark seeker
474 posts
44 months | Tuesday 9th June 2009
surely a misprint or (2)36k miles?
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Suffolk911
35 posts
119 months | Sunday 14th June 2009
Having sold a 993 a few years ago, and thinking about buying one again, I'm surprised at how much these have fallen recently with respect to other models. Seems like a good low mileage C2 can is now about 22K or so, which is a fair bit less than last time I looked.
Suffolk
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moneymouth77
108 posts
16 months | Thursday 25th June 2009
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bcnrml
1907 posts
47 months | Friday 3rd July 2009
Porsche North America June 2009 sales down 67% compared with June 2008. Total units sold in June 2009 - 902 (compared with 2,650 last June) Truck sales (i.e. Cayennes) down 77% to 275 units (compared with 1,146 last June). Total sales for the year to June 2009 - 9,659 compared with 15,086 by June 2008. Source: http://www.reuters.com/article/rbssConsumerGoodsAn...I expected a bounce in Q3 or Q4 this year. If this is repeated in July, I'm not so sure there'll be a bounce this year in the US. More on the UK figures when I have them.
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bcnrml
1907 posts
47 months | Monday 6th July 2009
As it is good news, this is perhaps worth a new post on its own. Porsche GB sales for June 2009 up nearly 18% on June 2008. They sold 485 units (up by 73 cars on last June - no consolation for the bloodbath in the US though). BMW saw plenty of red ink, whilst Mercedes and VW were in positive territory. Far Eastern marques were the stars of the show (plus Alfa Romeo), the exception being Toyota which also saw much red ink. Let's see what happens in July, August and September.
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telford_mike
303 posts
22 months | Tuesday 7th July 2009
Ordered a Cayman from Chester OPC last weekend. Build slot is September. Given that August is a close-down, this sounds like the order-books are not exactly full to bursting.
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