Anyone check out the values listed by excellence this month. Personally I think it way off. It puts an 05 c2s at 32600-43700 and an 07 c2s at 39200-52500. I think the max prices are more like the min prices I have seen out there. I'm not sure excellence is helping us out on this one.

Any thoughts?
Carter

 

Seen it. They look low to me also. Not sure how they collect the data.

 

Yep, people would be dreaming if they could get a car like mine for in the 40's. Heck, I was offered in the 50's for a trade in!

 

I do have to say those values look very attractive to a potential buyer however... not that those represent the asking prices i'm looking at.

 

I haven't seen the article but I believe that the gap between those lower values and that of recent trade in offers as well as asking prices (including my car BTW) only reflects a price bubble .

It almost reminds me of real estate . Two years ago everything in my region was so expensive and now the REALISTIC prices are showing up on short sale listings.

In fact it makes no sense that my 07 Turbo bought in 07 not only ouperformed the S and P index (07 to present) but also the housing market too.

 

An 05 C2S in excellent shape with average miles sells in the mid to low 40's with power seats, bose leather ect. If you can get a trade of $50k you better watch out on the price of the new car you are getting. Trade in is around $35-37k for this car in excellent condition and low miles.
These are realistic numbers.

 

Can I ask how you arrived at these numbers?

Thanks

 

Spot on.

 

those are correct prices - for auto auctions where dealers buy those cars.

 

I'm with mdrums on this. Bought my CPO 2006 997S w/ factory aero kit from Porsche dealer a little over a year ago - asking 60k, paid 54k. Hard to believe a year older non CPO, non aero is now worth roughly the same.

Big difference between asking and selling prices and if you watch the listings online most are sitting unsold. Same with trade-in, if you didn't really get best cash deal price on the new car before getting a trade-in offer they can inflate the trade-in offer.

 

So same or similar to manheim?

 

Well I would think excellence might provide consumer pricing not what the cars are selling for at auto auctions and trade in. It's supposed to be a buyers guide not a sellers guide. Just my .02. I try not to look at things like this since i don't plan to sell it and it doesn't make me enjoy the car more or less.

 

This is not last year. Were I am prices have without a doubt increaesed over last year.

The used launch cars prices are higher this year than what they sold for last year.

 

Still think the numbers are a joke. I was talking about an '07 not an '05.

Everyone is in denial that the values could be higher than last year. Why not? Didn't we say that 20% off MSRP was unprecidented and the perfect time to buy a new car? Didn't we see used car prices at ridiculous lows? Prices have more STABILIZED than reflect some kind of bubble. 2007 might have been a bubble. I find it hard to believe we have a Porsche pricing bubble now. There maybe some pent up demand from people that just couldn't see spending money on a Porsche during the recession. Now more people can find it acceptable. More demand, probably less supply = higher prices. Pretty simple.

 

Yea, he's talking wholesale prices.