Good Morning! We have auctions closing today and tomorrow, New Year's Eve, with online auction houses, only taking New Year's Day off. That means there will be no interruption to our newsletter, Yay!
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THE MARKET
Sell-Through Rate: 58%
Market Volume ($): $795,743
Market Volume (units): 12
- After a couple of decent days in the market, it looks like buyers are taking off for the New Year early. PCARMARKET going 0 for 3 in sales didn't help our sell-through rate and not a single car sold over $200k.
TOP SALES
1996 Porsche 911 Turbo $192,993 Bring a Trailer
2011 Porsche 911 Turbo S Cab. $177,000 Bring a Trailer
1996 Porsche 911 C4 Coupe 6sp $145,000 Bring a Trailer
1989 Porsche 911 Speedster $141,000 Bring a Trailer
1982 Porsche 911SC Coupe $64,500 Bring a Trailer
SPOTLIGHT
PHOTO CREDIT PCARMARKET
The days of delivery mileage cars going unsold when reserves are above MSRP have sailed save for certain GT cars, and that's for brand-new 2022 models. Apparently, the owner of this 200-mile 2016 Boxster Spyder did not get the memo.
We first saw this car no-sale on Bring a Trailer 3 months ago at $110,000. Fast forward to yesterday, our Spotlight car failed to sell for a second time at $102,000 on PCARMARKET and is now offered in the Deal Tank for $130,000, roughly $17,000 over its MSRP back in 2016.
The lowest mileage 981 Spyder to sell in the last year had 4,000 miles and found a new home at $111,361. Now, based on that one would think a 200-mile example might fetch closer to the asking price but at the end of the day, it's still a six-year-old car.
The seller should have taken the $110,000 and run back in October. It's only going to get lower from here. Well not-sold. Is that even a thing?
NOTEWORTHY SALES
- For similar money, would you rather have this 1996 911 Turbo in Baltic Blue Metallic over Midnight Blue full leather which sold for $192,993 yesterday...
- ... or this 4,600-mile 2011 Turbo S Cabriolet in Ice Blue Metallic over black and blue leather that sold for $177,000?
- This 2015 911 Targa 4S failed to crack the $100,000 market and is now being offered at $105,000 in PCARMARKET's Deal Tank. At that number, that's a pretty good buy even as things are slowing down.
NEW LISTINGS
- Back-to-Back 356 Pre-A Speedsters aren't something you see often. Let's see if this 1955 example can do better than the one below that failed to find a home at $317,000.
- There's something about a narrow-body 996 with an Aerokit. Just look at this Black-on-Black 2001 911 Coupe with Advanced Technic Package, Techno Wheels, and taco wing.
- I never thought Brown over Brown would look so good, but this low-mileage 1979 928 with a 5-speed looks the business.
AUCTIONS ENDED 12/29
1955 Porsche 356 Pre-A Speedster $317,000 Bring a Trailer
1996 Porsche 911 Turbo $192,993 Bring a Trailer
2011 Porsche 911 Turbo S Cab. $177,000 Bring a Trailer
1996 Porsche 911 C4 Coupe 6sp $145,000 Bring a Trailer
1989 Porsche 911 Speedster $141,000 Bring a Trailer
2016 Porsche Boxster Spyder $102,000 PCARMARKET
2015 Porsche 911 Targa 4S $93,000 PCARMARKET
1989 Porsche 911 5sp $77,750 PCARMARKET
1982 Porsche 911SC Coupe $64,500 Bring a Trailer
1987 Porsche 911 Coupe $58,000 Bring a Trailer
2003 Porsche 911 Coupe 6sp $35,750 Bring a Trailer
2001 Porsche Boxster S $17,250 Bring a Trailer
*Prices in Red denote a high bid and no sale
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