Good Morning! On Wednesdays, we talk about the wholesale Porsche market. Below we've compiled the most interesting sports car sales from dealer-only auto auctions across the country.
THE WHOLESALE MARKET
Luxury & Sports Car Wholesale Prices for September: -4.8% YoY
Used Retail Sales September: -18% YoY
- Our data comes from the monthly Manheim Used Vehicle Value Index which tracts wholesale prices at auction.
- Luxury & Sports Cars saw the largest drop in prices year over year compared to all other segments.
TOP WHOLESALE SALES
2021 911 Carrera $128,000
2020 718 GT4 $121,000
2020 911 Carrera S $121,000
2022 718 Boxster 25 Years $116,000
2022 718 GTS $108,500
SPOTLIGHT
Wholesale vs. Retail: Only $3k Apart!?
PHOTO CREDIT BRING A TRAILER
Two identical cars sell days apart, one wholesale, one retail, separated by only $3,000.
The 2022 Boxster 25 Years pictured above sold on Bring a Trailer for $119,000. One day later, an identical 2022 Boxster 25 Years sold at a wholesale dealer-only auction for $116,000, which begs the question: did a dealer just pay retail for a car or did a seller steal a car for wholesale?
In the last year since the debut of the 25th Anniversary car, only 2 of the 7 cars offered via online retail auction have found new homes. The most expensive of which was an early car selling for $121,000 and our Bring a Trailer car being the only other to sell.
For a limited edition car, 1 of only 1,250, quite a few can be found sitting on dealership lots with recent price drops of $2-6,000. Add to that the number of no-sales at online auctions, and the signs are all pointing in the wrong direction.
Unfortunately, like the previous special edition Boxsters of prior years, the 25th Anniversary cars aren't the instant collectibles many hoped they would be. I'd certainly call this poorly bought by the wholesale dealer as he just paid retail for a car to sit on his lot as the market turns south on these special cars.
WHOLESALE AUCTIONS 10/3-10/7
2021 911 Carrera $128,000
2020 718 GT4 $121,000
2020 911 Carrera S $121,000
2022 718 Boxster 25 Years $116,000
2022 718 GTS $108,500
2019 911 Carrera $97,500
2019 911 Carrera $95,000
2011 911 Turbo S $74,500
2013 911 Carrera S $70,500
2014 911 Carrera $69,000
2012 911 Carrera $61,500
2008 911 Turbo 6-Speed $55,000
2012 911 Carrera $49,000
2014 911 Carrera $47,500
2012 911 Carrera Black Edition $41,000
2004 911 Carrera 4S $38,250
2014 Boxster $33,500
RETAIL AUCTIONS
THE MARKET
Sell-Through Rate: 63%
Market Volume: $822,861
- The sell-through rate has fallen 3 days in a row. Trend? We'll see tomorrow. GT3s however, are still selling strong because, well.... GT.
NEW & NOTEWORTHY
- Mecum Auctions kicks off its Chicago sale tomorrow with this Red on Red Slant Nose Conversion.
- If Red paint and Red leather isn't your thing, this classic Rainforest Green Metallic with premium Brown Natural Leather Boxster might do the trick.
- Some say bastardized, others say a V8 provides the power needed. Check out this 2002 911 with a Pontiac V8 swap over on Cars & Bids.
- If you plan on going to the Halloween party as Tom Cruise than you'll be bidding on this 1984 928S 5-Speed.
- Speaking of special edition Boxsters, you can thank the 2004 Boxster S 550 Anniversary Edition for starting the trend.
AUCTIONS ENDED 10/11
2018 911 GT3 6-Speed $191,100 Bring a Trailer
2018 911 GT3 6-Speed $135,000 PCARMARKET
2012 Cayman R 6-Speed $90,000 Bring a Trailer
2016 Cayman GT4 $85,450 Bring a Trailer
2017 911 C2 Coupe $80,000 Bring a Trailer
2010 911 C4S Coupe $66,000 Bring a Trailer
2012 911 Targa 4S $65,000 Cars & Bids
1988 911 Carrera Coupe $64,911 Bring a Trailer
2003 911 Turbo Coupe 6-Speed $61,000 Bring a Trailer
2011 911 C4S Coupe 6-Speed $55,000 PCARMARKET
2010 Cayenne GTS $43,000 Bring a Trailer
Speedster Replica by CMC $38,000 Bring a Trailer
2004 911 C2 Cabriolet 6-Speed $26,500 Bring a Trailer
2004 Boxster S 550 Spyder Edition $23,600 PCARMARKET
2006 Boxster 5-Speed $23,250 Bring a Trailer
1974 914 $21,750 Bring a Trailer
2006 Cayman S 6-Speed $20,650 PCARMARKET
2002 Boxster S Track Car $18,500 Bring a Trailer
1986 944 Turbo $17,551 Bring a Trailer
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