I cant believe the prices drop so fast!!!
07' Porsche 911 Turbo
12/09/08 FAAO Regular $90,000 6,527 Above GRAY 6G A Yes
12/09/08 DFW Lease $80,500 11,139 Avg WHITE 6G A Yes
12/04/08 RIVRSIDE Lease $84,500 11,273 Avg BLACK 6G 6 Yes
12/04/08 RIVRSIDE Lease $79,000 22,653 Avg BLACK 6G 6 Yes
12/02/08 STATESVL Lease $84,000 6,499 Avg WHITE 6G 6 Yes
11/13/08 MANHEIM Regular $87,000 6,200 Above BLACK 6G Yes

 

i know tons of people will say these cars cant be bought by john doe, or auction cars come with problems. like it or not dealers use this to value YOUR trade in...never seen rain, no hi revs, blah blah. this is the market

 

I think this is going to be the height of the market for the next year or so. Prices are heading south real fast.

 

Gentlemen this is reality. Dealers need money NOW, get whatever to cash-flow and stay in business. About prices, sad but true.

 

i agree-bring these cars in for trade, and you will get a surprise-but remember, these are 3 year old cars, and they made tons of 07 turbos-maybe 2000? remember, 996 turbos went south fast also, so these prices, though low, are not so low for turbos.

 

Sign of the times, Im cool with it but Im not selling mine so easy for me to say.

 

This actually crushes the new car sales . I can see holding on to ones car but what these numbers represent to me is that it makes no sense to pay 150K for an 09 .

Interestingly --the 997S is retaining value .

Anyone buying an 07 in the 80's will drive that car for free.

 

agreed on the 150k 997tt-but that has always been true-getting expensive options has always given a poor return on the dollar. the only reason to get carbon fiber this, and pccb brakes, and leather that is because you want it-you have to realize that you will lose most of that money for those options at resale. in 09, a turbo equipt with the necessary equipment only would cost about 135k-what is necessary? in my opinion, xm, universal adaptor, blue tooth and heated seats along of course with turbo sports chrono. as far a 997s retaining value, try trading it in. i think though that carrera s cars have always retained their values better than turbos though-996tt took a bath, and so will 997tt. the only thing that might help the 997tt is that porsche has made few 08 turbos and will make few 09 turbo coupes. but as far as a highly optioned 09 turbo, the only reason to get one is if you really are into the options and personally enjoy it, and are not concerned about the money. then it makes sense, as long as you don't think that you will do well on your investment. any turbo is a bad investment. i owned one in 07, sold it a year later and was stupid enough to buy another new 09 turbo-i am lucky enough to afford it and enjoy driving/having it-if i buy another, my wife will throw me out. yes, they are bad investments, but when you push on that accelerator........

 

Here is some more prices:


06' Porsche 911S Coupe
12/11/08 MANHEIM Lease $45,750 36,699 Avg BLACK 6G 6 Yes
12/11/08 MANHEIM Lease $43,250 42,423 Below BLACK 6G 6 Yes
12/04/08 RIVRSIDE Regular $51,500 9,304 Above BLACK 6G M Yes
12/04/08 RIVRSIDE Regular $51,500 9,006 Above BLACK 6G A Yes
12/04/08 RIVRSIDE Lease $49,000 24,012 Avg BLACK 6G 6 Yes
12/03/08 GTR N.O. Regular $51,600 33,116 Above RED 6G 6 Yes
Copyright © 1996-2008 Manheim Auctions
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I know this is a Porsche tread, but look at the Benz prices.


07' MB SL550

12/03/08 MILWAUKE Lease $46,000 15,205 Avg PEWTR 8G A Yes
12/02/08 FAAO Regular $52,500 5,629 Above SILVER 8G A Yes
12/02/08 FAAO Lease $51,250 20,253 Above IRI SIL 8G A No
12/02/08 FAAO Lease $48,000 8,590 Avg BLACK 8G A Yes
12/02/08 FAAO Lease $46,750 21,429 Avg MRS RED 8G A Yes
12/02/08 FAAO Lease $46,750 9,672 Avg AGN BLU 8G A Yes
11/26/08 MILWAUKE Lease $51,000 18,342 Above STM RED 8G A Yes
11/25/08 DFW Lease $44,250 21,882 Avg IRI SIL 8G A Yes
11/25/08 DFW Lease $42,750 31,277 Below IRI SIL 8G A Yes
11/20/08 RIVRSIDE Lease $44,000 18,825 Avg IRI SIL 8G A Yes
11/20/08 ATLANTA Lease $48,000 16,768 Avg BLACK 8G A Yes
11/19/08 W PALM Lease $49,500 25,488 Above BLACK 8G A Yes
11/19/08 W PALM Lease $48,500 15,058 Avg CPR BLU 8G A Yes
11/19/08 W PALM Lease $46,000 25,459 Avg BLACK 8G A Yes
11/19/08 W PALM Lease $44,000 27,662 Avg PEWTR 8G A Yes
11/19/08 W PALM Lease $41,250 28,463 Below BLACK 8G A Yes
11/19/08 NASHVILL Lease $49,500 15,013 Above IRI SIL 8G A Yes
11/19/08 NASHVILL Lease $47,000 28,734 Avg MRS RED 8G A Yes
11/18/08 FAAO Regular $50,750 23,397 Above SILVER 8G A Yes
11/13/08 NEVADA Lease $48,750 11,214 Avg BLACK 8G A Yes
11/13/08 MANHEIM Lease $50,500 14,409 Above BLACK 8G A Yes
11/12/08 NADE Lease $43,750 34,614 Avg ALB WHT 8G A Yes
11/12/08 ATLANTA Lease $51,000 6,912 Above CPR BLU 8G A Yes
11/12/08 ATLANTA Lease $46,500 22,574 Avg ALB WHT 8G A Yes
11/12/08 ATLANTA Lease $43,500 32,984 Avg ALB WHT 8G A Yes
11/11/08 FAAO Regular $55,500 22,582 Above SILVER 8G A No
11/06/08 RIVRSIDE Lease $49,500 11,738 Above BLACK 8G A Yes
11/06/08 RIVRSIDE Lease $49,500 10,833 Above PEWTER 8G A Yes
11/06/08 RIVRSIDE Regular $48,000 32,459 Avg NONE NON N Yes
11/06/08 RIVRSIDE Lease $47,500 13,368 Avg CPR BLU 8G A Yes
11/06/08 RIVRSIDE Lease $45,000 19,687 Avg BLACK 8G A Yes
11/06/08 RIVRSIDE Lease $43,000 27,387 Avg OBS BLK 8G A Yes
11/06/08 RIVRSIDE Lease $43,000 25,626 Avg IRI SIL 8G A Yes
11/06/08 DFW Lease $48,500 18,212 Avg ALB WHT 8G A Yes
11/05/08 MILWAUKE Lease $53,500 5,475 Above PEWTR 8G A Yes
11/05/08 MILWAUKE Lease $52,000 11,202 Above BLACK 8G A Yes
11/05/08 MILWAUKE Lease $51,250 15,659 Above PEWTR 8G A Yes
11/05/08 MILWAUKE Lease $50,500 11,746 Above IRI SIL 8G A Yes
11/05/08 MILWAUKE Lease $50,000 17,069 Above OBS BLK 8G A Yes
11/05/08 MILWAUKE Lease $49,750 15,972 Above BLACK 8G A Yes
11/05/08 MILWAUKE Lease $48,000 20,534 Avg CPR BLU 8G A Yes
11/05/08 MILWAUKE Lease $38,750 45,054 Below OBS BLK 8G A Yes
Copyright © 1996-2008 Manheim Auctions

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I am just going to keep my car and enjoy every minute in it!

 

Wow...wish I had that kind of money to pick one up.

 

Doc --the 993 Turbo bucked the Turbo trend . In 1998 when the 993 TT was out of production (until 2001 model year) I bought a 993 Turbo . It was the only used car I ever bought and I paid over MSRP to have it . It was flawless and I still miss that car.

Used 993 tt's (with low miles) are still selling high .

 

Good info thanks.

 

Lease returns for people who don't want it anymore or lost their jobs. They don't want them right now so dumping them is the best bet. Buy low sell High is the dealers motto at the moment. I know of one 2007 9K Blk/Blk bought for 85K and sold for $104 the next week. It was two weeks ago in Florida.

Posting Auction prices doesn't help the average consumer sell his/her car. It only perpetuates the low auction prices and it permeates to the consumer thinking they will get it for 85K.