997 Turbo Values Tanked?
#1
08-06-2018, 07:26 PM
997 Turbo Values Tanked?
While there’s only a few 997 turbos for sale in the US under $58,000 (most on the west coast), looks like big dealers just slashed their prices. A month ago 997 TTs with 65k-80k mileage were listed for $55-58,000. Now they’re listed in the low $50k’s. What happened?
#4
08-07-2018, 08:54 AM
Huge price drops in these 2, you can see price drop on the listing details. A month ago a 997.1 with 60-80k miles would have been price around $56k
https://www.cargurus.com/Cars/invent...ting=211575224
https://www.cargurus.com/Cars/invent...ting=205311814
Even this one with only 31k miles is only priced at $56k. A month ago it would have been around $62k or higher for that low of mileage.
https://www.cargurus.com/Cars/invent...ting=208739783
https://www.cargurus.com/Cars/invent...ting=211575224
https://www.cargurus.com/Cars/invent...ting=205311814
Even this one with only 31k miles is only priced at $56k. A month ago it would have been around $62k or higher for that low of mileage.
https://www.cargurus.com/Cars/invent...ting=208739783
#7
08-07-2018, 09:32 AM
Time to update my spreadsheet. here's what I have from 2 sample points, I took out 1-2 data outliers. ASking prices on cargurus nationwide
2007-2008
20-40k miles
January 2017
manual avg - $76,500 with 31k avg miles
auto avg - $71,500 with 29k avg miles
August 2018
manual avg - $83,800 with 34k avg miles
automa avg - $71,000 with 34k avg miles
difference between autos and manuals grew
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#8
08-07-2018, 11:42 AM
Basic Sponsor
nice spreadsheet Tom - I feel like the Tips can be had in the mid high 50s for nice cars and haven't climbed as much manuals for sure. Too bad they don't list actual selling prices as I bet those are 5k less on average.
__________________
#TeamAIM
997TT SilverSpool - 210.8 mph 1/2 Mile WR Apr 2019, 9.2 @ 168 mph 1/4 Mile Manual World Record , 3.15 60-130 mph , 2.72 100-150 mph , 1400whp E85
996TT SpoolBus - 204.6 mph 1/2 Mile 996TT WR Aug 2018, 9.5 @ 154 mph, 3.23 60-130 mph, 2.5 100-150 mph Manual Porsche World Record, 1400whp E85
997TT SlowBerry - 205.0 mph 1/2 Mile WR Nov 2018, 9.7 @ 170 mph 1/4 Mile , 3.2 60-130 mph , 2.4 100-150 mph , 1420whp E85
ESMOTOR | DO88 | TPC DSC | SYVECS | COBB | IPD | KLINE | XONA | AMS | ID | ERP | SACHS | TURBOSMART | CSF | DODSON |
#TeamAIM
997TT SilverSpool - 210.8 mph 1/2 Mile WR Apr 2019, 9.2 @ 168 mph 1/4 Mile Manual World Record , 3.15 60-130 mph , 2.72 100-150 mph , 1400whp E85
996TT SpoolBus - 204.6 mph 1/2 Mile 996TT WR Aug 2018, 9.5 @ 154 mph, 3.23 60-130 mph, 2.5 100-150 mph Manual Porsche World Record, 1400whp E85
997TT SlowBerry - 205.0 mph 1/2 Mile WR Nov 2018, 9.7 @ 170 mph 1/4 Mile , 3.2 60-130 mph , 2.4 100-150 mph , 1420whp E85
ESMOTOR | DO88 | TPC DSC | SYVECS | COBB | IPD | KLINE | XONA | AMS | ID | ERP | SACHS | TURBOSMART | CSF | DODSON |
#9
08-07-2018, 12:56 PM
Time to update my spreadsheet. here's what I have from 2 sample points, I took out 1-2 data outliers. ASking prices on cargurus nationwide
2007-2008
20-40k miles
January 2017
manual avg - $76,500 with 31k avg miles
auto avg - $71,500 with 29k avg miles
August 2018
manual avg - $83,800 with 34k avg miles
automa avg - $71,000 with 34k avg miles
difference between autos and manuals grew
Interesting! the clean, documented 6spds are getting harder to find....
#10
08-07-2018, 05:15 PM
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Good stuff!
#11
08-07-2018, 08:31 PM
So does anyone know why tiptronics took a 10–15% drop in value in past 30 days? Is it just big dealers trying to dump inventory? Or are the new lower prices what they’re now worth? I’m also trying to understand the logic why the 996tt is going up in value and the 997tt seems to be dropping. The 997tt staid steady or creeping up in value for past few years. I’m specifically referring to tiptronic here. Thanks
#13
08-08-2018, 11:49 AM
tip values haven't changed much in my filters of 20-40k miles since last January, which is the sweet spot for these cars. Don't be thrown off by 1 or 2 cars that are way below market value, due to some backstory or history
I'll set a phone reminder to check things again next january. I'm sure seasonality plays a factor. Dollar mileage thing has been corrected, thanks for the heads up.
I'll set a phone reminder to check things again next january. I'm sure seasonality plays a factor. Dollar mileage thing has been corrected, thanks for the heads up.
#14
08-08-2018, 12:01 PM
So does anyone know why tiptronics took a 10–15% drop in value in past 30 days? Is it just big dealers trying to dump inventory? Or are the new lower prices what they’re now worth? I’m also trying to understand the logic why the 996tt is going up in value and the 997tt seems to be dropping. The 997tt staid steady or creeping up in value for past few years. I’m specifically referring to tiptronic here. Thanks
