The 997 can be used as a single car by more people - 2 seaters are only ever going to be for people with no kids, or who have other vehicles.

Lots more people have the money to buy a 997, than buy a Boxster and a Range Rover I'd guess.

Whats the thoughts on the current state of the market in light of the whole 'used car prices going up' news, which im not sure if i believe or not.

... A quick look on ebay is showing classified prices on a MY2000 996 around the 18-20k range, which seems a good 2-3k up on prices only 6 months ago.

I've got a good low mileage (52k) example for sale with a PSE, PSM, sunroof, suede headlining, sports seats, upgraded stereo etc etc.

Am i barking up the wrong tree listing mine at the same price, or are these just aspirational pie-in-the-sky prices that never end in a sale?

I have been looking in the market for a 996TT for quite a few months now (since late Q2) and did a fair bit of analysis on prices, both back then and now.

I'd say prices are probably 2-3k firmer than they were back then. This is from looking at classifieds on AT, PH, 911virgin etc. Based on 45 cars, priced between £25k and £35k (ignoring any "spurious" anomalies such as Cat-D etc.), my analysis currently concludes that:

Every year younger/older, the price increases/decreases by c. £1,100
For every 10k fewer/more miles, the price increases/decreases by c. £600
Trade commands a premium of c. £900 (although this is a very weak relationship and not particularly meaningful)

This gives you a "theoretical" price for a standard 996TT of:

33088 + (year-2000) x 1120 - miles(k) x 60 + trade x 933

Based on current pricing of those 45 cars analysed.

[/endgeek]

Great that you are listing the sales bcnrml.

What would be interesting to see is a comparison to 2007 numbers as they are more reflective of a normal market ? Do you have any possibility of listing these ? I guess '08 numbers are significantly lower.

In the following prediction, for fun I will try to see what the market will do in 2010. this is based on slow recovery in 2010 and the economy not experiencing a double dip.

Having been around the Porsche market for the big crash in the 1990's I predict we are in for an interesting time for 2010 and 2011 with used Porsche prices.

At the bottom of the market, the current ecconomy will have cause a bit of a cull on cars worth bellow a certain value. This will probably have effected the used market of cars which in 2007 would have been worth around 8-10k.. This will have been the 924, 944, 911SC and the rougher 911 3.2 carrera models.. Having seen the same thing in the early 1990's (with the 912 and 914 in particular) and witnessed the cull this year, I predict that these cars will continue to experience a cull into 2010 although values in 2010 will climb. In particular I predict that in 2011 onwards these cars will appreciate in value beyond the 2007 values for very good examples.

In the midrange, 993's, 996's and 986 Boxsters have seen a spanking in the recession. Earlier this year they were comming onto the market for 30% less than they should be. The 993 in particular has spent 10 years with very little depreciation with no good examples typically available for less than 20k even for an early pre varioram cabrio (typically the cheapest examples) These were hitting the market for 12k to 15k in the spring this year, which even shocked me. I think a lot of this was due to a panic reaction by some owners in financial trouble combined with genuine sellers basing their values on what they see is advertised. Already the 993 market has recovered to large extent, mostly due to the panic sellers all having sold. I do predict that 993 values will continue to rise, especially in the spring and summer 2010 eventually beginning to appreciate or level out at pre 2008 values. I believe 996's have had a hard time for the same reasons, but I believe their recovery will occure in 2010 but will continue to depreciate beyond that.

964's have been in interesting one over the last year, they depreciated prior to the current recession slightly and seem to have held value quite well, apart from some of the rougher examples and the occasional panic seller or reactions in the market to panic sellers earlier this year. I think this may have a lot to do with it being an enthusiasts car with a particular kind of owner.

997's and 987's have had a hard time during the recession, but I do believe their values will go crazy in 2010. In particular, I feel that the lack of new sales for these models in 2008 and 2009 especially will create a slight void in the market during 2010/11 which due to supply and demand could cause their values to be more inline with car's a year or two newer than they actually are.. this could have a knock on effect of 996's and 986's enjoying a year or two with reduced depreciation.

Interestingly the car dealers I talk with who are not performance/luxuary car dealers have all commented that they have seen an increase in value of domestic used cars due in part to the scrapage scheme causing a lack of main dealer trade ins, more people holding onto cars which would normally have been traded but are waiting for a better economy to sell in and of course the knock on effect from the top to the bottom of the market.. I am not sure if its nation wide, but a couple of car dealers even commented that early in 2009 4x4's shot down in value, but by the summer they all shot back up to higher than 2008 levels.. which is odd.. I think this is due in part to people who want a 4x4 in some cases need a 4x4 and have selected a used one rather than a new one in the interests of caution.

So, lets see if I am right in 2010!

Prices are starting to fall again. At the high end Lambo G's have dropped 1,500 this month. Porsche have dropped 600 - 1300 depending on model.

Yeah, I bought a 987 in February, and after enjoying it for 9 months, I could easily sell it for the same as I paid for it.

November Market Update: Good news continues in the US market, with an interesting spike in the UK market. Details below.

Porsche North America November 2009 sales up 18%.

1,626 units were sold in November, up 18% on the previous November's unit sales. Highlights are:

Boxster/Cayman up 52%
911 series down 25% (cannibalised by Panamera again, I'm certain of that)
Cayenne down 10% (ditto above)
Panamera up to 366 units (compared to 360 in the previous month). P4S outselling the turbo and S.
Used cars up 22%

The full table is here: http://www.businesswire.com/portal/site/home/perma...

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Porsche GB November 2009 new car sales up by 100%. Yup, not a typo.

They sold 473 units in November 2009, compared with 236 in November 2008 (itself a nadir - remember, everyone was dumping costly cars like there was no tomorrow).

It seems the impending VAT rise is having an effect, as are other tax incentives. Anyone thinking the 2.5% January increase of VAT (or a 20% VAT rate threatened by the Tories in 2010) isn't having an effect is on cloud cuckoo land.

And just to show how this VAT factor is affecting other marques, the SMMT figures confirmed the following:

Mercs up 133% (to 5,963 units - that's quite a thing, that)
Renault up 171%
Land Rover up 139%
The absolute stars? Hyundai, with sales up by 561% (5,634 units sold), followed by Kia with an increase of 241%!

Market laggards were BMW, VW, Audi, Aston Martin (47% or far below the market trend of 58%).

With these figures, it is hard to imagine anything other than a quiet Q1 2010. We shall see.

I have recently bought a 928 and have enjoyed having an affordable porsche even if the thing has seen better days. Its not about how much it costs or what porsche you choose but about enjoying the brand. If I had more money then maybe I would go for a 993 turbo but I dont so my Manual S2 will do for now. Mind you I do own a pair of 993 wing mirrors so I guess a have 1% of a 993 but they are sat in a box he he. If anyone wants them let me know wozupworld@yahoo.co.uk . I cant afford the other 99% of this car yet. I used to own some clean VW's and always enjoyed the knowledge from other owners and the regular swapping of parts between us. I hope Porsche owners have the same respect for each other my freind who intoduced me to this marque says they do.

Isn't it time for this old thread to get 'unstuck' so it can die a natural death?