Good Morning! There seems to have been a glitch in the Matrix this morning as we were unable to send this newsletter out earlier. But here it is in all it's glory!
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THE MARKET
Sell-Through Rate: 100%
Market Volume ($): $1,182,761
Market Volume (units): 15
- Everything sold. There's something I haven't said before. Although unit volume was fairly low, we still crossed the $1m with only 15 cars.
- The top sale of a 2022 911 GT3 was a bit light at $275,000. No reason to sound the alarms just yet, but something to watch out for.
TOP SALES
2022 911 GT3 6sp $275,000 Bring a Trailer
1963 356B 1600S Coupe $180,000 Bring a Trailer
2019 911 Turbo S Coupe $175,000 Bring a Trailer
1972 911T S/T Tribute $150,000 PCARMARKET
2017 911 Carrera 4S Coupe $81,000 PCARMARKET
SPOTLIGHT
PHOTO CREDIT CARS & BIDS
Sub $10,000 986 Boxsters make a super-strong case as not only a first Porsche but also a first car. This is something my wife and I have been pondering as our tweens get closer to driving age.
They are safe, only seat 2, not very powerful, and 99/100 of their friends won't be able to drive it because it is a manual transmission. So what's the market going to look like in 4 years when we have a 16-year-old? Is there still more room for depreciation or should we buy one now before they continue to rise?
Like most Porsches over the last 5 years, the original 986 Boxster has risen in price quite dramatically from an average of $10,000 to over $15,000. Our Spotlight car, the 1999 Boxster pictured above, sold for $7,650 on Cars & Bids due to higher miles of 122k. I for one am not afraid of miles on a well-maintained Porsche; I have 144,000 miles on mine. They will go the distance.
Although prices have been flat for a number of months now, we are starting to see the sell-through rate drop dramatically, especially for cars under $20,000. While I don't think pristine examples will ever see the light of sub-$10k numbers again, I do think that the market is softening. In the next few years, I believe we'll be able to buy a Boxster with half the mileage of our Spotlight car for around $10,000 again.
NEW & NOTEWORTHY
- We'll be watching this 2022 911 GT3 6sp like a bird in a coal mine to see if the trend of a softening new GT market continues.
- This beautiful Midnight Blue Metallic 1996 911 Carrera 4S with 71,000 miles should be past $100k in no time.
- And if you missed our Spotlight car and are looking for a high mileage Boxster, head over to Marqued to bid on this Boxster S 6sp.
AUCTIONS ENDED 11/4
2022 911 GT3 6sp $275,000 Bring a Trailer
1963 356B 1600S Coupe $180,000 Bring a Trailer
2019 911 Turbo S Coupe $175,000 Bring a Trailer
1972 911T S/T Tribute $150,000 PCARMARKET
2017 911 Carrera 4S Coupe $81,000 PCARMARKET
2009 911 Carrera 4S Coupe $54,500 Bring a Trailer
1983 911SC Coupe $52,000 Bring a Trailer
1988 911 Carrera Targa $47,911 Bring a Trailer
2008 911 Carrera Coupe $35,500 Bring a Trailer
2000 911 Carrera S Coupe 6sp $29,500 Bring a Trailer
1989 944 S2 Coupe 5sp $28,100 Bring a Trailer
1999 911 Carrera Cabriolet 6sp $23,750 Cars & Bids
2002 Boxster S 6sp $20,000 PCARMARKET
1988 944 Turbo S $16,500 Bring a Trailer
1999 Boxster 5sp $14,000 Bring a Trailer
*Prices in Red denote a high bid and no sale
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