996 Turbo / GT2 Turbo discussion on previous model 2000-2005 Porsche 911 Twin Turbo and 911 GT2.

Market update on GT2

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Old Dec 21, 2016 | 03:35 PM
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Question Market update on GT2

Happy holidays everyone.

Lately, I have gotten the bag for another Porsche. I've done quite a bit of research on the GT2 cars and I have noticed a lot of high mile vehicles out there asking pretty good money. I'm not sure what the market is like for these cars at this point.

My friends over in the Ferrari world have taken a big bath with their Maranello's lately. I'm keeping mine and just love that car but I'm wondering what's happening in Porsche land.

Do you think these cars are moving up or down and why?

What is a well sorted, low miles, accident free car worth?

I know that it is all about supply and demand. And then there's the person who just has to have "that car" will pay whatever they want to get it.

Would be interested in hearing your thoughts.
 
Old Dec 21, 2016 | 03:55 PM
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The 996TTS is absolutely moving up in value :http://www.ebay.com/itm/2005-Porsche...p2047675.l2557

Would make logical sense that the 996 GT2 is also moving on up.
 
Old Dec 21, 2016 | 05:44 PM
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Originally Posted by gabf1
Happy holidays everyone.

Lately, I have gotten the bag for another Porsche. I've done quite a bit of research on the GT2 cars and I have noticed a lot of high mile vehicles out there asking pretty good money. I'm not sure what the market is like for these cars at this point.

My friends over in the Ferrari world have taken a big bath with their Maranello's lately. I'm keeping mine and just love that car but I'm wondering what's happening in Porsche land.

Do you think these cars are moving up or down and why?

What is a well sorted, low miles, accident free car worth?

I know that it is all about supply and demand. And then there's the person who just has to have "that car" will pay whatever they want to get it.

Would be interested in hearing your thoughts.
I started looking at the GT-2 prices more recently too, and they seem to be a $100k car all day long w/30k+ miles on them and go up in $ from there if they are later production years and/or low mile example.
 
Old Dec 21, 2016 | 06:12 PM
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Much smaller market, so hard to make any general comments. But I'll try:

A couple years ago they were in the $80s, then went to the mid-$100s; now seem clustered under $100K and sitting. Mostly we're looking at asking prices. Not clear what they are selling for.
 
Old Dec 21, 2016 | 07:51 PM
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In Europe they are pulling very strong values, N.A. not quite as strong (yet?) ...a lot of the unsold '2's likely have a few stories behind them...
 
Old Dec 22, 2016 | 09:31 AM
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In 2013 I nearly bought a GT2 at ~$65k. I feel sick every time I think about it. Thought they were going to keep going down....
 
Old Dec 22, 2016 | 10:02 AM
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From what i can see, Going up, because people value these cars, could be also because people buy them to re-sell for more?

996TT is going up as well, and it's doing pretty well, I'm pretty happy about it because whatever i paid for it Sure I had to invest some cash to fix things here and there, I can get rid of for same price - not losing a cent - but i'm dying to see what's going to happen in the next 5 years, will it drop? I don't think so, sure 996 is not 993 but i think the value of the car will be in the same range . 80k and 140+k for gt2
 
Old Dec 22, 2016 | 11:17 AM
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I think they are going up (996tt also on rise). January 2015 I believe was the last time I saw one go for under $100k at any of the large auction houses.

Below are a pair that look extremely clean.





Link to yellow car, sold $143,000 : http://www.auctionsamerica.com/event...=CA16&ID=r0191

Link to silver car, sold $171,600 : http://www.auctionsamerica.com/event...=HH15&ID=r0085


Below is one that was bid up to $140,000 in January 2016. This one had 30k miles.

Direct link: https://www.mecum.com/lots/FL0116-23...t2-twin-turbo/


 

Last edited by gophaster; Dec 22, 2016 at 11:20 AM.
Old Dec 22, 2016 | 11:50 AM
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Originally Posted by techweenie
Much smaller market, so hard to make any general comments. But I'll try:

A couple years ago they were in the $80s, then went to the mid-$100s; now seem clustered under $100K and sitting. Mostly we're looking at asking prices. Not clear what they are selling for.
I know of a ~44k mile example that sold for $92k this year.
 
Old Dec 22, 2016 | 08:30 PM
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Originally Posted by techweenie
Much smaller market, so hard to make any general comments. But I'll try:

A couple years ago they were in the $80s, then went to the mid-$100s; now seem clustered under $100K and sitting. Mostly we're looking at asking prices. Not clear what they are selling for.
I think that makes sense. It's always kind of hard to know around the holidays. I am wondering what the new year will bring??
 
Old Dec 22, 2016 | 08:31 PM
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Originally Posted by SeattleTurbo
In 2013 I nearly bought a GT2 at ~$65k. I feel sick every time I think about it. Thought they were going to keep going down....
Ouch!!
 
Old Dec 24, 2016 | 09:45 PM
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Get a 997 GT2 for that price

Originally Posted by gophaster
I think they are going up (996tt also on rise). January 2015 I believe was the last time I saw one go for under $100k at any of the large auction houses.

Below are a pair that look extremely clean.





Link to yellow car, sold $143,000 : http://www.auctionsamerica.com/event...=CA16&ID=r0191

Link to silver car, sold $171,600 : http://www.auctionsamerica.com/event...=HH15&ID=r0085


Below is one that was bid up to $140,000 in January 2016. This one had 30k miles.

Direct link: https://www.mecum.com/lots/FL0116-23...t2-twin-turbo/


 
Old Dec 25, 2016 | 08:45 PM
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Originally Posted by gabf1
Ouch!!




Originally Posted by SeattleTurbo View Post
In 2013 I nearly bought a GT2 at ~$65k. I feel sick every time I think about it. Thought they were going to keep going down....


+1. Better than the stock market.
 
Old Dec 25, 2016 | 09:02 PM
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that's assuming you'd rather have the 997 vs 996...
Originally Posted by Ms4cd
Get a 997 GT2 for that price
 
Old Dec 26, 2016 | 10:55 AM
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Originally Posted by 0396
Originally Posted by SeattleTurbo View Post
In 2013 I nearly bought a GT2 at ~$65k. I feel sick every time I think about it. Thought they were going to keep going down....


+1. Better than the stock market.
Yep, another missed great investment lol.. I would have never sold it, but... I remember the conversation where we sat down to seriously discuss the purchase and we decided to hold off.... I knew they would kick up eventually, and that was low price even for that time, but didn't think it would turn around and go so high so fast.

There have been a few conversations regarding cars that I wanted to scoop up at a low price that would have been financial gains if sold.... I actually made a powerpoint showing potential growth if I had purchased cars at prices we discussed vs current selling prices over the summer and compared the percentage to 401k and investment portfolio.. I no longer have to consult with the Mrs for car purchases lost a battle, winning the war
 


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