Porsche market is crazy but there will come a point where it pops just no idea when.
I've been researching and speaking to the people in the know as much as possible.
In short I am been told the market is quieting for general used car sales and prices will begin to soften, but the total opposite is happening on special hero ICE cars, as such demand for cars like Lotus, Porsche and some Ferrari's has exploded, forcing pricing up and even then stock still seems to be moving. One of my mates with a 458 just listed it for sale at 179k, nearly 200k for a 458, admittedly it is a spec that has everything people look for and it has only done 9500 miles, will be interesting to see if he sells it and what he gets, but a dealer offered him 162k. Even mine is now worth more than I paid even though I've added 15,000 miles to the clock, lol.
These people can't even give a clear answer on what a full recession will do to such cars, because the argument is the people buying presently are not necessarily investors but people buying cars that were their dream to buy and essentially keep, drive enjoy and keep. As such if the market pops the fear is the prices on special stuff like GT Porsches, Lotus and other Ferrari marques won't be hit too hard and could even still continue to rise if the pool of available used cars continues to decrease because people are buying them to keep them. A guy in one of the Porsche social groups I am in just paid 175k for a 991.1 GT3 RS, simply because he had to have Guards red, those who know will know that is rare in .1 RS colours, his reasoning is that it is his dream car, he has paid cash, he will keep it and when it passes away it will go to family, and this seems a bit of theme in supercar groups at the moment, of course at the same time quite a few are selling up as well because the car they paid 120-130k for 12 months ago, they can now sell for 150-160k, the crazy thing is they are selling them easily and sometimes within minutes of posting.
In a few whatsapp groups, Ferrari, Lotus Porsche owners etc. are all in same mindset because the future has the following to look forward too in regards to exciting and fun to drive ICE cars:
- Lotus Emira (namely V6 manual, though AMG will be popular)
- Porsche GT4 RS - problem there, no one will get one just a few and those who decided to sell will be able to command 250k plus
- Porsche GT3 RS - same as above, except expect 350k plus on used market.
- Corvette Z06 - Very limited UK market even if it comes in RHD, plus its biggest issue is its size and it is not exactly a looker, but you can bet it will be an epic drive, but again expect it be sell used for more than it does new.
- Toyota GR86 - Sold out in 40 minutes, not exactly the league of above cars but still a damn good fun car and it sold so quick, so again expect residuals to remain strong for potentially years.
Then seriously what other ICE cars can we expect which are fun, the answer is not many.
This is what is creating somewhat the issue, all the hero cars, all the cars reviewers raved about and are all of a sudden coming under the spot light again on stuff like older GT3's, Cayman R, Exiges, 458's, GT350's, LFA's, S2000 these markets are going literally bat beep beep mental, people are rushing to buy stuff and not necessarily for investment but more because they always wanted one and this could be the last chance.
Yeah the bubble could pop and you will be knocking 20% of every GT Porsche in six months, alternatively all the nicer examples will get bought up and thus be another 20% more expensive or people will literally just be able to command the price they want because the market of available examples is so small to none existent.
With increasing % on loans, mortgages people free cash is diminishing but used car sales on special stuff seems to still be accelerating, either people are getting ahead of themselves or there is a lot more wealthier people around now and thus realising the nice stuff is no more and as such buying it up.
