997 Turbo / GT2 2006–2012 Turbo discussion on the 997 model Porsche 911 Twin Turbo.
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Recent Manheim Auction Results

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Old Mar 14, 2007 | 10:03 AM
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Recent Manheim Auction Results

Thought you guys might be interested...

<TABLE cellSpacing=0 cellPadding=0 width=567 bgColor=#cccccc border=0><TBODY><TR vAlign=top><TD bgColor=#000000></TD><TD width=565><TABLE cellSpacing=3 cellPadding=0 border=0><TBODY><TR vAlign=top><TD width=559 bgColor=#000000><TABLE cellSpacing=1 cellPadding=2 width=559 border=0><TBODY><TR bgColor=#ffffff><TD class=text width=50>03/08/07</TD><TD class=text width=70>MANHEIM</TD><TD class=textCenter width=55>Regular</TD><TD class=textRight width=42>$125,000</TD><TD class=textRight width=45>6,447</TD><TD class=textCenter width=36>Avg</TD><TD class=text width=45>SILVER</TD><TD class=textCenter width=24>6GT</TD><TD class=textCenter width=32>6</TD><TD class=textCenter width=57>Yes</TD><!-- <td class="textCenter" width="41px"></td> --></TR><TR bgColor=#ffffff><TD class=text width=50>01/25/07</TD><TD class=text width=70>MANHEIM</TD><TD class=textCenter width=55>Regular</TD><TD class=textRight width=42>$126,500</TD><TD class=textRight width=45>719</TD><TD class=textCenter width=36>Avg</TD><TD class=text width=45>YELLOW</TD><TD class=textCenter width=24>6G</TD><TD class=textCenter width=32>6</TD><TD class=textCenter width=57>Yes</TD><!-- <td class="textCenter" width="41px"></td> --></TR><TR bgColor=#00ff00><TD class=text width=50>01/04/07</TD><TD class=text width=70>RIVRSIDE</TD><TD class=textCenter width=55>Regular</TD><TD class=textRight width=42>$133,000</TD><TD class=textRight width=45>668</TD><TD class=textCenter width=36>Above</TD><TD class=text width=45>BLACK</TD><TD class=textCenter width=24>6G</TD><TD class=textCenter width=32>M</TD><TD class=textCenter width=57>Yes</TD><!-- <td class="textCenter" width="41px"></td> --></TR><TR bgColor=#00ff00><TD class=text width=50>01/04/07</TD><TD class=text width=70>RIVRSIDE</TD><TD class=textCenter width=55>Regular</TD><TD class=textRight width=42>$132,000</TD><TD class=textRight width=45>1,225</TD><TD class=textCenter width=36>Above</TD><TD class=text width=45>BLACK</TD><TD class=textCenter width=24>6G</TD><TD class=textCenter width=32>M</TD><TD class=textCenter width=57>Yes</TD><!-- <td class="textCenter" width="41px"></td> --></TR><TR bgColor=#ffffff><TD class=text width=50>12/07/06</TD><TD class=text width=70>RIVRSIDE</TD><TD class=textCenter width=55>Lease</TD><TD class=textRight width=42>$122,000</TD><TD class=textRight width=45>4,327</TD><TD class=textCenter width=36>Avg</TD><TD class=text width=45>SILVER</TD><TD class=textCenter width=24>6G</TD><TD class=textCenter width=32>6</TD><TD class=textCenter width=57>Yes</TD><!-- <td class="textCenter" width="41px"></td> --></TR><TR bgColor=#00ff00><TD class=text width=50>10/11/06</TD><TD class=text width=70>MANHEIM</TD><TD class=textCenter width=55>Regular</TD><TD class=textRight width=42>$132,500</TD><TD class=textRight width=45>1,558</TD><TD class=textCenter width=36>Above</TD><TD class=text width=45>GRAY</TD><TD class=textCenter width=24></TD><TD class=textCenter width=32></TD><TD class=textCenter width=57>Yes</TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE>

<TABLE class=tp1s0bdw567><TBODY><TR vAlign=top><TD width=565><TABLE class=tb0s2p0><TBODY><TR vAlign=top><TD class=title width=556>Auction Averages</TD></TR><TR vAlign=top><TD><TABLE class=tp1s0bdTw543><TBODY><TR><TD><TABLE class=tb0s2p2w543><TBODY><TR><TD class=header width=80></TD><TD class=header align=middle width=214 colSpan=3>For Week Ending Mar 8 </TD><TD class=header width=210 colSpan=5></TD></TR><TR vAlign=center><TD class=text width=80></TD><TD class=headerText>Above</TD><TD class=headerText>Average</TD><TD class=headerText>Below</TD><TD class=text width=34></TD><TD class=headerText>Jan 2007</TD><TD class=headerText>Sep 2006</TD><TD class=headerText>Mar 2006</TD></TR><TR><TD class=textRight width=75>Sale Price </TD><TD class=textBgGreen>$131,965</TD><TD class=textBgWhite>$125,000</TD><TD class=textBgYellow>$118,035</TD><TD class=text width=34></TD><TD class=textBgWhite>$0</TD><TD class=textBgWhite>$0</TD><TD class=textBgWhite>$0</TD></TR><TR><TD class=textRight width=75>Mileage </TD><TD class=textBgGreen>2,244</TD><TD class=textBgWhite>4,488</TD><TD class=textBgYellow>6,732</TD><TD class=text width=34></TD><TD class=textBgWhite>0</TD><TD class=textBgWhite>0</TD><TD class=textBgWhite>0</TD></TR><TR><TD class=textRight width=75>Total Sold All </TD><TD></TD><TD class=textBgWhite>6</TD><TD></TD><TD class=text width=34></TD><TD class=textBgWhite>0</TD><TD class=textBgWhite>0</TD><TD class=textBgWhite>0</TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE><TABLE class=tb0s2p0><FORM name=vehicleinformationmileage action=pricesPage.mmr?tab=pricesPage&sid=43BA1CDC1 8CECBE6118279AE4FC48150 method=post target=VD3GW43BA1CDC18CECBE6118279AE4FC48150><INPU T type=hidden value=2007 name=collectionSelectYear> <INPUT type=hidden value=44 name=collectionSelectMake> <INPUT type=hidden value=516 name=collectionSelectModel> <INPUT type=hidden value=68 name=collectionSelectBody> <INPUT type=hidden value=NA name=beanCollectionSelectRegion> <INPUT type=hidden value=off name=beanCollectionSelectSeasonalAdj> <INPUT type=hidden value=MileageSet name=action> <!--<form name="vehicleinformation" method="post" action="/InternetMMRweb/pricesPage.mmr;jsessionid=2E30F6BFC012FCD8F86BCD8E B3DC7A54?sid=<%=sSessionID%>" target="VD3GW43BA1CDC18CECBE6118279AE4FC48150"> --><TBODY><TR><TD class=title noWrap>Average Auction Mileage</TD><TD width=90><INPUT class=fields onkeyup="checkNumeric(this,0,9999999,',','','');" maxLength=7 size=7 value=4488 name=vehicleMileageProperty></TD><TD><INPUT onclick=submit() type=image alt="submit changed mileage" src="https://www.manheim.com/members/internetmmr/images/buttonChangeMileage.gif" name=""></TD><TD></TD><TD width=2></TD><!--</form> --></FORM></TR></TBODY></TABLE><TABLE class=tb0s2p0><TBODY><TR vAlign=top><TD colSpan=3><TABLE class=tp1s0bdTw543><TBODY><TR><TD><TABLE class=tb0s0p1w543><TBODY><TR><TD class=alert>Prices are based on more transactions than shown under 'Transactions', above.</TD></TR></TBODY></TABLE><TABLE class=tb0s2p2w543><TBODY><TR><TD class=header width=80></TD><TD class=header align=middle width=214 colSpan=3>Mar 13 - Mar 20 2007</TD><TD class=header width=210 colSpan=5></TD></TR><TR vAlign=center><TD class=text width=80></TD><TD class=headerText>Above</TD><TD class=headerText>Average</TD><TD class=headerText>Below</TD><TD class=textWhite align=middle colSpan=6>Insufficient Transactions To</TD></TR><TR><TD class=textRight width=75>Auction </TD><TD class=textBgGreen>$130,000</TD><TD class=textBgWhite>$125,000</TD><TD class=textBgYellow>$121,000</TD><TD class=textWhite align=middle colSpan=6>Estimate Future Prices</TD></TR><TR><TD class=textRight width=75>Est. Retail </TD><TD class=textBgGreen>$141,000</TD><TD class=textBgWhite>$135,000</TD><TD class=textBgYellow>$131,000</TD><TD class=text width=34></TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE><TABLE width=557><TBODY><TR vAlign=top><TD class=title align=right></TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE>


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Old Mar 14, 2007 | 11:13 AM
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Auction Prices

Please excuse my ignorance, but could you provide some explanation for these numbers and they correlate to the retail resale market. I'm about to take possession of a new 997TT in May and am interested to see how these vehicles are retaining their value. Thanks.
 
Old Mar 14, 2007 | 11:48 AM
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without the MSRP, its tough to use this for depreciation estimate, but it does provide sale prices based on car condition. prolly best used as a general indication of market health.
 
Old Mar 14, 2007 | 12:40 PM
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I also am expecting delivery in May for a TT. Unless you plan on "flipping" your car in a few months time, depreciation will have taken its ugly toll. Thats just part of ownership of the mighty "P" car. The first 2 years are the worst and then it will settle into year 3 and 4 (if you keep the car long enough). After 4 years expect the value to be between !/2 to 3/4 of original MSRP depending on how many TT's Porsche cranks out. So far they are doing a pretty good job supplying cars for the demand. Another factor will be how much the car gets "improved" come 2008 with HP increases and body style changes, the introduction of PDK....In other words it will be just like any other Turbo before it. I am in it for the long haul (thats what I always say) LOL! I'm finding out first hand with the sale of my 2005 997S. In the "old days" it was different but then again production numbers were much smaller and being a Porsche owner made you part of an exclusive group...........the downside to that was Porsche nearly filing for bankruptsy so its a tradeoff.........welcome to the club and enjoy your car! Many folks can only dream about driving one so I consider myself lucky.
 

Last edited by gradyex; Mar 14, 2007 at 12:42 PM.
Old Mar 14, 2007 | 10:25 PM
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Very few cars have good resale. Ferraris are the only one that I can think of if you can puchase it new and at MSRP. However I really do not like the dealer network that much and try to stay away.I use Manheim as a guide and it is a very accurate source. However with turbos it is impossible, the cars can sticker from the 120s up to the 160s.To help you I have a 997TT sticker 138 and I was thinking of trading it in on a Gallardo Spyder. The dealer offered me 128. This was about 3 weeks ago. I decided to keep the Turbo because it just rides so good!!!
 
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