Good Morning! Today we dig into the effect of Porsches Sportmatic transmission on the sales price. The auto-manual was way ahead of its time and THE option to have in 1968, before the Save The Manuals movement we have today.
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THE MARKET
Sell-Through Rate: 59%
Market Volume ($): $683,750
Market Volume (units): 17
- The market continues its pre-holiday softness with yesterday's sell-through rate dipping below 60%. Unit volume ticked up a bit but dollar volume remained low due to only 59% of cars on offer finding new homes.
TOP SALES
1974 Porsche 911 2.7 MFI Coupe $220,000 Bring a Trailer
2020 Porsche 718 Cayman GT4 6sp $127,0000 Bring a Trailer
1993 Porsche 911 C4 Cab. 65,250 Bring a Trailer
2006 Porsche 911 C2S Cab. 6sp $56,500 Cars & Bids
2016 Porsche Cayenne GTS $54,000 Bring a Trailer
SPOTLIGHT
PHOTO CREDIT PCARMARKET
Offered for only one model year, 1968, Porsche's 911L was an attempt at finding the middle ground in the 911 range after introducing the entry-level 911T. 1968 was also the last year for the SWB body and the first year for the Sportmatic transmission, which this 1968 911L that failed to sell yesterday at $60,000 was equipped with. So was it the Sportmatic that kept bidders away?
While the market tends to frown on automatic Porsches when a manual transmission was an option, the innovative Sportmatic transmission doesn't drop prices. In fact, the two highest prices paid for a 1968 911L in the past two years both belong to cars equipped with Sportmatics. $96,500 for a freshly restored coupe and $112,000 for a Targa.
When it comes to SWB pricing, the condition is the driver, not the transmission. Our Spotlight car was somewhere between a #4 driver and a #3 "better" driver. It was far from a concourse car and might not come home with a trophy from a local show either, but a car that could be enjoyed thoroughly on back roads without too much headache.
That being said, $60,000 was a fair price for the car which leaves us wondering how far away from the reserve we actually were. Maybe there is a deal to be had in PCAR's Deal Tank a hair over $60k. If so, well done to both seller and buyer.
NOTEWORTHY SALES
- This 11k-Mile 2008 GT2 just missed the reserve at $251,000. If the bidder knew anything about buying on an online auction, he would have bid $251,997 which would have won the car. Rookie.
- Chalk paint fits the 718 Cayman GT4 perfectly. Probably why this 2020 GT4 sold for a decent amount over average.
- The market just isn't feeling Euro cars lately. This 1985 Targa failed to sell yesterday at a final bid of $39,500, about $12k off where it should be.
NEW LISTINGS
- This No Reserve 15,000-Mile 1996 911 Carrera 4 Coupe with a 6sp in Aventura Green over Cashmere is a gorgeous combination.
- With the last 3 "normal" 964 Turbos failing to sell, perhaps one in a color other than Black will do the trick. We're rooting for this 1994 Turbo 3.6 in Amethyst Metallic to break the streak.
- This 1972 911T Coupe has been hot-rodded into what looks like a pretty fun 2.8L tosser.
AUCTIONS ENDED 12/21
2008 Porsche 911 GT2 $251,000 Bring a Trailer
1974 Porsche 911 2.7 MFI Coupe $220,000 Bring a Trailer
2020 Porsche 718 Cayman GT4 6sp $127,0000 Bring a Trailer
2014 Porsche 911 50th Anniversary $120,000 Bring a Trailer
2008 Porsche 911 Turbo Coupe 6sp $77,500 Bring a Trailer
1986 Porsche 911 Coupe $75,000 Bring a Trailer
1993 Porsche 911 C4 Cab. $65,250 Bring a Trailer
1968 Porsche 911L Coupe Sportmatic $60,000 PCARMARKET
2017 Porsche Panamera Turbo $60,000 PCARMARKET
2006 Porsche 911 C2S Cab. 6sp $56,500 Cars & Bids
2016 Porsche Cayenne GTS $54,000 Bring a Trailer
1999 Porsche 911 C4 Coupe 6sp $41,250 Bring a Trailer
2004 Porsche 911 C4S Coupe $40,000 Bring a Trailer
1985 Porsche 911 Targa Euro $39,500 PCARMARKET
1978 Porsche 911SC Targa $35,000 PCARMARKET
1999 Porsche 911 Cab. 6sp $22,500 Bring a Trailer
2004 Porsche Boxster S 6sp $22,250 Bring a Trailer
*Prices in Red denote a high bid and no sale
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