As someone who's been watching the market and looking for the right car, let me tell you that prices for 06 and 07 coupes are going UP from say 2-3 months ago. I suppose maybe not surprising to some given the stockmarket rally, but I kinda thought auto prices never go up. Guess I was wrong!

 

summer ;-)

prices are always lower in winter and more before/during summer... i just bought my car last week and dealer wants to already give me 5k more than i paid to buy it back..

 

with fewer new cars, summer right around the corner, and maybe a glimmer of economic hope, as well as the depletion in the used inventories, prices have no place but to go up.

your best bet is finding an individual seller in a must sell situation.

 

I posted this awhile back . My friend's Turbo that he traded in almost a year ago has sat at a dealership and ober time the asking price dropped UNTIL last week . It went up 8K in one week . Of course anyone can ask for the sky . Kinda bold though for a car that has sat for so long.

I have yet to figure out why it hasn't sold . He pampered that car to no end .

 

I've been watching the same thing and there have been several threads on this the past couple of months. IMO the anomaly this year, because this year is NOT typical, was caused by the 20%+ drop in later model used Porsche' prices from August 08 through Feb 09. While prices appear to be up 5-7% from the Jan/Feb lows, what I could get for my 06 today is still down about 15% private sale or trade allowance from last July. Unfortunately, I think the spike we are talking about has maxed out and you will find your "right car" at the right price pretty soon.

 

I'm guessing the bottom really was around the end of 2008 or early 2009. When I was looking for a good CPO 2005 Boxster S with 25k or fewer miles, there were several to pick from in the $35k asking and $31-2k selling prices in that timeframe. I grabbed one at $31k and got a gem. Since then, the prices have gone back up and are holding strong. Supply and demand. 5 months ago people felt the world was ending. Today, not so much so as confidence has been slowly returning.

 

Are you serious? How does that happen. If they want to give you 5k more, they are going to be selling it for $10k then you bought it? What kind of deal did you work?!

 

I agree with your sentiment, THIS IS STILL A BUYERS MARKET!

 

bought from diff dealer than wants to buy it... should have stated that.. i bought elsewhere where cabs are not in demand at all... lowballed em and got a great deal.. which is why i bought the color i didnt really like because was good deal.... locally they want cabs cause the weather has been perfect... so works out :-D just debating what i "really" want.. they have a sick black on red interior local.. but black is nice till pollen season comes and then the car will be speed yellow.


still a buyers market for sure, but more buyers is increasing demand, and reducing supply so prices are slowly climbing.. porsche aint no dummy.. this is why they cut production to decrease supply and keep values high unlike most other companies that keep pumping cars out at same rate and their values are in the toilets.

 

This is getting to be fun . I guess that I don't know much about cars nor much about economics. What I do know is that every car manufacturer in the world has cut production the last 12 months and every dealer up to and including Ferarri has cut his prices. The production cuts were strictly because dealers could not and would not take their 'allotment'. The reduced negotiable prices were because that was all they could get. I'm assuming that most of us like Porsches or we would not be on this forum, but I'm not willing to attribute any "higher motives" to Ol' Ferdinand - like everyone else Porsche cut production because they had no place to ship the finished product. Fewer new cars being sold = probably fewer used cars being traded in or sold = maybe a more limited supply of used cars = maybe a little higher price for those cars that are available IF, and a big if, the demand for these used cars remained the same.

 

just stating my opinion, no need to take it personal

 

[quote=wa1l1in;2371838]just stating my opinion, no need to take it personal[/quote

Hey, Sorry , no attack intended; I'm just enjoying the bantering.

 

It's not the stock market driving porsche prices higher. If anything it's the trillions of paper money the fed is printing.

 

I noticed the same thing too when I was looking for a used Cab. Seemed that the longer I looked the higher asking prices were going for.