Remember when 996, under £20K?!

Do you remember the sharp curve up for Porsche prices for 964, 993, 968 etc.. How steep was it, was it bit by bit or BANG up £2k-£10k a year. Were there any red flags the march up was on!! With the £32K 996 speed yellow 102k currently advertised.. Has the 996 started its super ascent, right now. The lack of cars be the sign we are now in the Whirlwind.. :grin:

If you look at my post in the £32k 996 thread it would appear that prices have shot up my own car is probably worth £20k now as opposed to the £15k it was valued at in aug 2019 That's 25% increase in value in 18 months Winny

2/3 of those on PH are under £20k. Most above it are 4S. MC

In 2013 996s bottomed out with a lot if early cars available for under £10k. Gen 2 cars were mostly below £15k and you could get a decent 996C4s for under £17k. Even turbos went below £20k although good ones were still £24k. By 2016 the market had started to turn and values of all 996s were dragged back up, led by the Turbo which soared back to over £40k. Over 2018/2019 values of Turbos fell off a bit and Carreras rose very slowly. It's only recently that they seem to have taken off with prices of all water-cooled stuff rising quite dramatically.

There will always be a high supply due to numbers made, and demand will be tempered by huge numbers of 997's. Very different to 964 and 993 market. Unicorns will always make bigger £, so will be some exceptions to the rule. Drive & enjoy with budget for bills on the way.

996 values I was very lucky and bought a 996 from a reputable independent with 6 months warranty. It was my first Porsche experience, I ran its for 5 months and then traded it in at a profit for a 997.2. Values have risen...a consequence of post lockdown desire to have some fun. Whilst i love my 997.2 I'll never forget my (Ford Fiesta priced) 996 3.4.

Re: 996 values Very nicely done :thumb:

I just discussed this subject indirectly with a mate down the pub (the decadence!) He asked me if a year later I was still happy swapping my TVR for the 996 and I said I was for several reasons, not least the fact that Churchill now have the market value at just under £22k!

I think there's a bit of hysteria around car prices currently, particularly when you start watching auction prices (hence why I've just sold my Cossie). We had a discussion about it a few weeks ago (mates), blaming 'our' generation's desires, and current disposable income due to no holidays etc. Is it sustainable? I don't think so, and think we'll see prices level off considerably over the next 18 months.

Agree, the market is highly unpredictable, and even more so in future with everything going electric, economic situation, etc. Who knows what will happen to demand and values. Bubbles everywhere. So best to buy what you can afford and enjoy.

Yeah I agree with that. I'm getting mine painted next month and the painter has been very busy as people are spending hols money and other similar stuff on things like cars, resto work etc. It will settle out within a year.

Yep every specialist I speak to is seeing massive demand. Much higher than they usually see. Lots of people doing up their cars, or getting into something new (eg classic car they always dreamed about), whilst long term owners are getting out and trying something different. Seems the whole country is either bored or decided to live life for now and enjoy themselves. As they can't spend their money on fancy holidays etc there is also cash floating about. Hence prices are also all over the place. It will settle down, but hard to know when or if it will be different.

I wander if increase in parts prices also causes values to rise, look at the M030 Porsche package, less than £1k a few years ago and now £3k. 4 stalk wiper unit the same double what they used to be. If people are maintaining their cars and spending huge sums on consumable parts it must affect the overall value?

And I agree with the timeline. In 2014 I nearly bought a 996.2 for £11k instead ended up with an Audi TT. When I finally purchased a 996.2 in 2019 cost me £18.5k

I remember it (no doubt there are lots of 'it's" and everyone will remember a different one, but here's mine): In 2001 magazines and even newspapers started to build up to the 40th anniversary of the E-type. There was even one in the science museum in a special display (or that may have been a decade later, can't remember). The articles predicted increases in values as there were so many events celebrating 40 years and of course the price of entry was an E-type. Prices literally went up by the day, wrecks became five figure cars, what had been five figure cars became six figure cars and the very earliest and best became quarter of a million pound cars. Old race cars were dug out and done up and their values boosted through 'provenance". The Linder Nocker car was 'restored" from scrap (to be fair that was for the 50th anniversary) with the leftovers melted down and turned into overpriced cuff links. The madness had begun. It was predicted, it was sustained and it was brought to life. To most people's surprise it didn't die back. Instead the media moved on to the next thing and in 2004 exactly the same happened to the 911. it was predicted by the media, events were planned and held and values (and old wrecks) went nuts. The trickle down effect affected the up til then beleaguered 964 but the 996 was still a new car. In some cases values of 964s doubled in the space of a few months as hype fed the hype. That's not what's happening this time of course, but I distinctly remember it in the 2000s. Funnily enough it's almost as though the industry half-heartedly tried again for the 50th anniversary of both cars but perhaps by then the world was a different place.