Good Morning! Our top two sales yesterday were for red cars on Valentine's Day. Coincidence? We think not.
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THE MARKET
Sell-Through Rate: 65%
Market Volume ($): $844,495
Market Volume (units): 17
- Like most market rallies, they eventually come to an end. After quite a few days of high sell-through rates and $1m+ in sales, it looks like were' back where we started the year with a sell-through rate in the 60s and less than $1m in sales for Valentine's Day.
TOP SALES
2022 Porsche 911 GT3 Touring 6sp $292,000 Bring a Trailer
1988 Porsche 911 Cab. DP935 $155,000 Bring a Trailer
2019 Porsche 911 T 7sp $95,500 Bring a Trailer
2004 Porsche 911 Turbo Cab. 6sp $70,001 Bring a Trailer
2005 Porsche 911 C2S Coupe 6sp $45,000 PCARMARKET
SPOTLIGHT
PHOTO CREDIT BRING A TRAILER
It appears that those who specced their Carrera Ts with the T-only options that make this model so desirable seem to be holding on to their cars as this 13,000-mile 2019 example is void of Buckets and rear-wheel steering, and features a sunroof and rear seats... everything a Carrera T wasn't supposed to be just like our previously Spotlighted example. The only difference, this car has a 7-speed manual as opposed to the previous car's PDK.
The Carrera T was positioned as the "driver's" base 911 Carrera as the standard car did not have a manual transmission as an option, it could only be had in PDK. So one would think that this car, specced similarly to a standard Carrera with its rear seats, sunroof, and power-adjustable adaptive sport seats would perhaps sell for a bit of a premium over a PDK car as this was the only way to row gears in a base 911, but that wasn't the case.
Our Spotlight car sold yesterday on Bring a Trailer for $95,500, $2,500 less than the Silver PDK a few weeks back. Yes, it has more miles, but only 4,000 more. It appears that the market for Carrera T's lusts after those Sport Bucket seats and all of the other accoutrements that make for a lightweight and pure driving experience, and if they are lacking, then don't expect to see north of $100,000. Well bought if the winning bidder was looking for the "luxuries" of a base Carrera but the enjoyment of a manual. But if you're a T seller looking to get all the money, make sure your car has the right options ticked.
NOTEWORTHY SALES
- Often considered the best version of the 958 Cayenne, the rare 6-Speed manual transmission was only found on 6-cylinder cars. And although the Base model back in 2012, expect to pay a premium these days like the buyer for this 2012 Cayenne 6-Speed did yesterday with a sales price of $37,958. About $10,000 over where an automatic would be.
- Well, this delivery mileage 2022 911 GT3 Touring 6-Speed seemed to have bucked the trend of sliding prices with its $292,000 sale price, but it's still not over $300,000, which is where these cars were this time last year. We attribute the strong number to the fantastic PTS color of Superior Red Metallic. Superior Red brings a superior price.
- Tell me you're stuck in the 80s without telling me you're stuck in the 80s. You'd be driving this 1988 911 Cabriolet originally sent to DP Motorsports in Germany almost immediately after delivery for DP's iconic 935 I bodywork. A strong number at $155,000 but well bought as original DP935 cars in this condition are few and far between.
NEW LISTINGS
- Relisted after the winning bidder failed to follow through with the sale, this 2022 Cayenne Turbo previously had a high bid of $130,000, which was short of its $153,000 sticker price. Currently, at $100,000, will it close the gap to the sticker or will the seller take even more of a hit?
- As recent delivery mileage examples have shown us over the last few months, unless you have a GT car, don't expect to make money on a flip. Even if your car is as well specced as this 2023 911 Targa 4 GTS 7-speed in Ice Grey Metallic and a Red Targa Top.
- This 1982 911SC Coupe is finished in a rare special-order shade of Wine Red Metallic that was only offered for two years. Although the car has 124,000 miles, it comes with a thick book of records dating back to the '90s and shows just magnificently in the photos.
AUCTIONS ENDED 2/14
2022 Porsche 911 GT3 Touring 6sp $292,000 Bring a Trailer
1988 Porsche 911 Cab. DP935 $155,000 Bring a Trailer
2019 Porsche 911 T 7sp $95,500 Bring a Trailer
2004 Porsche 911 Turbo Cab. 6sp $70,001 Bring a Trailer
2011 Porsche 911 C2S Cab. $62,250 PCARMARKET
2007 Porsche 911 Turbo Coupe $57,547 PCARMARKET
2011 Porsche Boxster Spyder $55,500 Bring a Trailer
2005 Porsche 911 C2S Coupe 6sp $45,000 PCARMARKET
2008 Cayman S Design Edition 1 6sp $44,500 Bring a Trailer
2010 Porsche Panamera Turbo $41,500 Bring a Trailer
2012 Porsche 911 Cayman S 6sp $38,250 PCARMARKET
2012 Porsche Cayenne 6sp $37,958 Bring a Trailer
2014 Porsche Cayman 6sp Modified $34,000 Bring a Trailer
2008 Porsche Cayenne Turbo $26,000 Bring a Trailer
1993 Porsche 968 Club Sport $21,695 Bonhams
2003 Porsche Boxster S 6sp $21,236 Bring a Trailer
1997 Porsche Boxster 5sp $15,800 Bring a Trailer
*Prices in Red denote a high bid and no sale
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