Good Morning! Today is our weekly look at the wholesale market. We track Porsche sales at Manheim "Exotic" sales every week and give you a look at what dealers are paying for inventory.
WHOLESALE SALES
2019 911 GT3 RS $219,000
2022 Boxster 25 Years $120,999
2022 Panamera 4S E-Hybrid $117,400
2021 Cayenne S $86,500
2022 Macan $63,250
2020 Macan S $59,250
2021 Macan $46,750
2017 718 Boxster $41,000
2019 Macan $40,000
2017 Macan GTS $39,500
2019 Macan $36,400
2018 Macan $34,800
2010 Panamera Turbo $32,300
2011 Panamera 4S $14,100
2008 Cayenne $9,200
SPOTLIGHT
PHOTO CREDIT BRING A TRAILER
This week's top wholesale sale of a 2019 911 GT3 RS at $219,000 seems like the correct price with the average selling price of non-Weissach RS' hovering around the $250k mark on online auctions and dealers asking well north of that on their websites. But the kicker is this car had 25,178 miles on the odometer making it the highest mileage RS we've seen offered for sale currently.
So did this dealer overpay or will it be a quick buck with a fun car to have in inventory?
If you look at similar 2019 cars offered for sale online today, the highest mileage cars are in the mid-teens and asking anywhere from $240-270,000. But when you dig deeper and peek at how long these cars have been on the market, you see that they have been sitting at these prices and have even been marked down as much as $9,000 recently.
The online auction market tells a similar story. Over the last year, prices have been fairly stable but the last four months have started to see a downward trend. Also, market volume has significantly dropped off since the peak in the first six months of the year with only 4 of the 19 total cars offered crossing the block in the same four-month period.
With the most recent sale of a 2019 911 GT3 RS for $253,000 and sub-2,000 miles six days ago, what could this 25,000 possibly be worth to the retail buyer?
THE MARKET
Sell-Through Rate: 74%
Market Volume ($): $972,756
Market Volume (units): 19
- A little bit better than yesterday, it looks like we are back to our new normal sell-through rate in the 70s
TOP SALES
2018 911 GT3 6sp $205,000 Bring a Trailer
1990 911 Carrera 4 Targa 5sp $156,000 Bring a Trailer
2021 Cayman GT4 $130,000 Bring a Trailer
1993 911 Carrera Targa 5sp $105,000 PCARMARKET
1996 911 Carrera Cabriolet 6sp $82,000 Bring a Trailer
NEW & NOTEWORTHY
- I'm starting to find myself looking at more purple Porsches like this paint to sample 2010 Cayman in Aubergine lately.
- 1 of 1963 2004 911 Carrera 40th Anniversary Edition looks great in GT Silver Metallic.
- 944 power with the slimmer lines of a 924, this 1987 924S 5sp would be a ton of fun for not a lot of money.
- Now here's a GT2 that's been driven. This 996 GT2 has traveled over 71,000... fast!
AUCTIONS ENDED 10/18
2018 911 GT3 6sp $205,000 Bring a Trailer
1990 911 Carrera 4 Targa 5sp $156,000 Bring a Trailer
2018 911 Targa 4S $140,000 Bring a Trailer
2021 Cayman GT4 $130,000 Bring a Trailer
1993 911 Carrera Targa 5sp $105,000 PCARMARKET
1996 911 Carrera Cabriolet 6sp $82,000 Bring a Trailer
1971 911T Coupe $75,000 Bring a Trailer
1960 356B Sunroof Coupe $65,000 PCARMARKET
2013 Boxster 6sp $38,000 PCARMARKET
1992 968 Cabriolet $37,250 Bring a Trailer
356 Speedster Replica $32,856 Bring a Trailer
2002 911 Carrera Coupe $26,500 Cars & Bids
2004 Boxster S 550 Anniversary 6sp $25,250 Bring a Trailer
1984 928S 5sp $23,500 Bring a Trailer
1962 356B T6 Sunroof Coupe $23,250 Marqued
2002 911 Carrera Cab $22,400 Bring a Trailer
1973 914 2.0 $19,000 Hemmings
2001 Boxster 5sp $14,250 PCARMARKET
1990 944 S2 Cabriolet 5sp $14,050 Bring a Trailer
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