I've just come across a GENII 997 S...at GBP64K with 50 miles on the clock.
Same spec car on the Official Porsche Website configures at GBP77.6K ??

Whats going on?

I wanted a 997 TT as next car, which I could get for 64K (or less)....
Same money buys me a brand new GEN II 'S' car with DFI engine and increased
performance/spec....(4.5 secs, 188 mph)

Exactly ....a manual GEN1 turbo does it in around 4.0 seconds....

Have you seen the Centurion Cars web site Cal? offering a number of GEN11 cars mid 60's
that would be high 70's from an OPC..

Go with high end Gen1 Turbo ......or go with well spec'd Gen11 S .......bang upto date??

Yeah...I've never had a turbo too...am leaning that way...

Yeah, think you're right!! Work has been slow, and am just waiting to see if I've won a major
12-18month contract for a US Investment Bank (London)...if that comes off.... I'll be happy chappy!!

This. Just, no.

Porsche NA July 2009 sales down about 50% on July 2008.

A table is available above.

Highlights:
987 series - bloodbath. Only sold about 35% of the same number in July last year.
911 series - as expected. Sold about 65% of the same number in July last year.
Cayenne - as expected. Sold about 60% of the same number in July last year.

I'm guessing that the US market has shrunk to a size about 20% larger than the peak numbers for the UK market. Not sure they gained from the cash for clunkers programme (understandably) and not sure the Panamera will deliver what they hope either. Still, we'll see.

I'll update this post with the UK figures when the SMMT releases them.

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Porsche UK new car sales up 4% in July 2009 compared with July 2008. They sold 611 units, versus 587 in the same month last year. An improvement indeed, albeit a small one (year to date performance is down 23%).

Only Mercedes of the other Germans saw growth (by 4% as well) to 4,870 units. The winner? Hyundai (which sold 6,000 units in July)!

Overall, the UK market was up by 2.4%, thanks to our taxes (the scrappage scheme).

Where's this? Definately interested.

Residuals should be better for the 997 Gen2, as long as the DFI engine proves more reliable than the M97/M96 variants.

Of course the extended warranty doesn't help residuals.... Hopefully VW will do something customer friendly about that.

Good luck with the contract(s).

Porsche's reputation is tarnished, whatever the failure rates. That means the DFI will have to be failure free to restore confidence, and that'll take a few years.

Orders for Gen2 are lower than they should be but that shouldn't delay the 998. It would be counter-productive to delay the 998 if they know that the DFI is reliable.

Aren't the cycles seven years?

Yes, for the 997 Gen 2, due almost entirely to the recession.

But I expect they will produce - and sell - many more cars when they offer hybrids for the entire range. Factor that in and in my view, that confuses the depreciation picture immensely because we do not yet know the true running costs (include taxation) and reliability rates for hybrid porkers. This matters. In Kensington and Chelsea, where porkers are common, the Toyota Prius and Lexus RX hybrids are also quite common (I see more of those parked in residents' bays now than I see Cayennes).