CGT death spiral has begun.
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Originally posted by Robert ****
Yaaa. You guys keep laughing, when I get mine for $218,889.99 next year, I'll be laughing.
Yaaa. You guys keep laughing, when I get mine for $218,889.99 next year, I'll be laughing.
good luck hunting
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I'm no market analysis expert when it comes to super cars but I just can't help but to chime in with my opinion.
As mentioned the CGT is one of the finest supercars to come out in recent times, especially when considering the msrp and performance figures.
The F40 was brought up in the same breath as the CGT. An interesting comparison despite the over a decade time gap between the two cars. Both are two very fine supercars in their own right. I'm basing this statement purely on litterature I've read since I've driven none of them.
However, there's a distinct difference between the two cars, or rather between the two companies that make them. It would be foolish to believe that the CGT over time will have the same status, prestige, and depreciation resistance as the F40.
Robert **** threw out a figure of ~219 K USD at this time next year for a CGT. As insulting as this may sound to many of you CGT owners out there, I can't but help to think that his guesstimation might prove to be dead on target, for a higher mileage 04 CGT.
The crux of the matter is that people in general will covet whats rare and hard to acquire. A quick search on Dupont revealed 29 CGTs for sale. Another search for F40s showed only two for sale. The complete production run for the F40 between "87 to "92 was 1311. The production numbers for the CGT were estimated at 1500 with a planned reduction last time I checked. You guys figure out whats more exotic.
There's a distinct difference in the business philosophies between the people in Stuttgart and the ones in Maranello. In Stuttgart it seems that massproduction with mass sales and mass profits with no regard for the 2nd hand market is the main objective. And who can fault them? If I owned Porsche I'd run the company the same way. In Maranello I'm sure they also think about profits but they also think about keeping their product exotic and exclusive by keeping production numbers low and prices high. In other words they bank their money on a die hard, to death, loyal clientel, and thereby securing a stable resale market whether it is intended or not.
Porsche although putting out great products, is in my opinion really diluting their marque by putting out products like the Boxter, Cayenne and the Cayman alongside the great 911 lineup. This in my opinion makes Porsche less attractive. Could it be that the dilution of the Porsche brand might hurt the pricing and resale value of their top of the line product, namely the CGT? A perfect case in point would be the Ford GT at a list of ~ 150 K USD. A great performer that few could argue against. However, the one argument against purchasing this car? "Its a $150 000 Ford."
Of course Porsche is far away from being compared with Ford, but come to think of it, what is the difference between BMW, Mercedes and Porsche nowadays? Nothing, except a sedan in the line up. But after the Panamera is out I really don't see a reason to buy Porsche anymore unless my mom or future wife wants one.
Anyway my apologies for digressing, back to the CGT death spiral.
Whether ***** analysis is right or wrong, only time will tell. And whether he is right or wrong, the prospective buyer and seller really shouldn't care. These cars are toys and not investments. Sure we all worry about resale value since our toys are expensive but fact of the matter is that if we worry too much about resale we probably cant afford these fun things and shouldn't own one in the first place. I used to worry about the 2nd hand market for my TT. I now realize how futile and silly that was. The only approach to buying these toys is to do so with total disregard for resale, or like Amir said, have no regrets for a second. If you can't do that buy a camry or an accord and be done with it.
As mentioned the CGT is one of the finest supercars to come out in recent times, especially when considering the msrp and performance figures.
The F40 was brought up in the same breath as the CGT. An interesting comparison despite the over a decade time gap between the two cars. Both are two very fine supercars in their own right. I'm basing this statement purely on litterature I've read since I've driven none of them.
However, there's a distinct difference between the two cars, or rather between the two companies that make them. It would be foolish to believe that the CGT over time will have the same status, prestige, and depreciation resistance as the F40.
Robert **** threw out a figure of ~219 K USD at this time next year for a CGT. As insulting as this may sound to many of you CGT owners out there, I can't but help to think that his guesstimation might prove to be dead on target, for a higher mileage 04 CGT.
The crux of the matter is that people in general will covet whats rare and hard to acquire. A quick search on Dupont revealed 29 CGTs for sale. Another search for F40s showed only two for sale. The complete production run for the F40 between "87 to "92 was 1311. The production numbers for the CGT were estimated at 1500 with a planned reduction last time I checked. You guys figure out whats more exotic.
There's a distinct difference in the business philosophies between the people in Stuttgart and the ones in Maranello. In Stuttgart it seems that massproduction with mass sales and mass profits with no regard for the 2nd hand market is the main objective. And who can fault them? If I owned Porsche I'd run the company the same way. In Maranello I'm sure they also think about profits but they also think about keeping their product exotic and exclusive by keeping production numbers low and prices high. In other words they bank their money on a die hard, to death, loyal clientel, and thereby securing a stable resale market whether it is intended or not.
Porsche although putting out great products, is in my opinion really diluting their marque by putting out products like the Boxter, Cayenne and the Cayman alongside the great 911 lineup. This in my opinion makes Porsche less attractive. Could it be that the dilution of the Porsche brand might hurt the pricing and resale value of their top of the line product, namely the CGT? A perfect case in point would be the Ford GT at a list of ~ 150 K USD. A great performer that few could argue against. However, the one argument against purchasing this car? "Its a $150 000 Ford."
Of course Porsche is far away from being compared with Ford, but come to think of it, what is the difference between BMW, Mercedes and Porsche nowadays? Nothing, except a sedan in the line up. But after the Panamera is out I really don't see a reason to buy Porsche anymore unless my mom or future wife wants one.
Anyway my apologies for digressing, back to the CGT death spiral.
Whether ***** analysis is right or wrong, only time will tell. And whether he is right or wrong, the prospective buyer and seller really shouldn't care. These cars are toys and not investments. Sure we all worry about resale value since our toys are expensive but fact of the matter is that if we worry too much about resale we probably cant afford these fun things and shouldn't own one in the first place. I used to worry about the 2nd hand market for my TT. I now realize how futile and silly that was. The only approach to buying these toys is to do so with total disregard for resale, or like Amir said, have no regrets for a second. If you can't do that buy a camry or an accord and be done with it.
Last edited by techart 996 #3; Sep 30, 2005 at 03:04 AM.
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Death spiral -- nothing like a nice, fair and balanced term to start of your post.
And add me to amir, fayence, and others -- It is worth whatever you pay for it. And if you save $$ to use for gas, I just hope you drive it like crazy once you get it.
And add me to amir, fayence, and others -- It is worth whatever you pay for it. And if you save $$ to use for gas, I just hope you drive it like crazy once you get it.
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Originally posted by techart 996 #3
I'm no market analysis expert when it comes to super cars but I just can't help but to chime in with my opinion.
As mentioned the CGT is one of the finest supercars to come out in recent times, especially when considering the msrp and performance figures.
The F40 was brought up in the same breath as the CGT. An interesting comparison despite the over a decade time gap between the two cars. Both are two very fine supercars in their own right. I'm basing this statement purely on litterature I've read since I've driven none of them.
However, there's a distinct difference between the two cars, or rather between the two companies that make them. It would be foolish to believe that the CGT over time will have the same status, prestige, and depreciation resistance as the F40.
Robert **** threw out a figure of ~219 K USD at this time next year for a CGT. As insulting as this may sound to many of you CGT owners out there, I can't but help to think that his guesstimation might prove to be dead on target, for a higher mileage 04 CGT.
The crux of the matter is that people in general will covet whats rare and hard to acquire. A quick search on Dupont revealed 29 CGTs for sale. Another search for F40s showed only two for sale. The complete production run for the F40 between "87 to "92 was 1311. The production numbers for the CGT were estimated at 1500 with a planned reduction last time I checked. You guys figure out whats more exotic.
There's a distinct difference in the business philosophies between the people in Stuttgart and the ones in Maranello. In Stuttgart it seems that massproduction with mass sales and mass profits with no regard for the 2nd hand market is the main objective. And who can fault them? If I owned Porsche I'd run the company the same way. In Maranello I'm sure they also think about profits but they also think about keeping their product exotic and exclusive by keeping production numbers low and prices high. In other words they bank their money on a die hard, to death, loyal clientel, and thereby securing a stable resale market whether it is intended or not.
Porsche although putting out great products, is in my opinion really diluting their marque by putting out products like the Boxter, Cayenne and the Cayman alongside the great 911 lineup. This in my opinion makes Porsche less attractive. Could it be that the dilution of the Porsche brand might hurt the pricing and resale value of their top of the line product, namely the CGT? A perfect case in point would be the Ford GT at a list of ~ 150 K USD. A great performer that few could argue against. However, the one argument against purchasing this car? "Its a $150 000 Ford."
Of course Porsche is far away from being compared with Ford, but come to think of it, what is the difference between BMW, Mercedes and Porsche nowadays? Nothing, except a sedan in the line up. But after the Panamera is out I really don't see a reason to buy Porsche anymore unless my mom or future wife wants one.
Anyway my apologies for digressing, back to the CGT death spiral.
Whether ***** analysis is right or wrong, only time will tell. And whether he is right or wrong, the prospective buyer and seller really shouldn't care. These cars are toys and not investments. Sure we all worry about resale value since our toys are expensive but fact of the matter is that if we worry too much about resale we probably cant afford these fun things and shouldn't own one in the first place. I used to worry about the 2nd hand market for my TT. I now realize how futile and silly that was. The only approach to buying these toys is to do so with total disregard for resale, or like Amir said, have no regrets for a second. If you can't do that buy a camry or an accord and be done with it.
I'm no market analysis expert when it comes to super cars but I just can't help but to chime in with my opinion.
As mentioned the CGT is one of the finest supercars to come out in recent times, especially when considering the msrp and performance figures.
The F40 was brought up in the same breath as the CGT. An interesting comparison despite the over a decade time gap between the two cars. Both are two very fine supercars in their own right. I'm basing this statement purely on litterature I've read since I've driven none of them.
However, there's a distinct difference between the two cars, or rather between the two companies that make them. It would be foolish to believe that the CGT over time will have the same status, prestige, and depreciation resistance as the F40.
Robert **** threw out a figure of ~219 K USD at this time next year for a CGT. As insulting as this may sound to many of you CGT owners out there, I can't but help to think that his guesstimation might prove to be dead on target, for a higher mileage 04 CGT.
The crux of the matter is that people in general will covet whats rare and hard to acquire. A quick search on Dupont revealed 29 CGTs for sale. Another search for F40s showed only two for sale. The complete production run for the F40 between "87 to "92 was 1311. The production numbers for the CGT were estimated at 1500 with a planned reduction last time I checked. You guys figure out whats more exotic.
There's a distinct difference in the business philosophies between the people in Stuttgart and the ones in Maranello. In Stuttgart it seems that massproduction with mass sales and mass profits with no regard for the 2nd hand market is the main objective. And who can fault them? If I owned Porsche I'd run the company the same way. In Maranello I'm sure they also think about profits but they also think about keeping their product exotic and exclusive by keeping production numbers low and prices high. In other words they bank their money on a die hard, to death, loyal clientel, and thereby securing a stable resale market whether it is intended or not.
Porsche although putting out great products, is in my opinion really diluting their marque by putting out products like the Boxter, Cayenne and the Cayman alongside the great 911 lineup. This in my opinion makes Porsche less attractive. Could it be that the dilution of the Porsche brand might hurt the pricing and resale value of their top of the line product, namely the CGT? A perfect case in point would be the Ford GT at a list of ~ 150 K USD. A great performer that few could argue against. However, the one argument against purchasing this car? "Its a $150 000 Ford."
Of course Porsche is far away from being compared with Ford, but come to think of it, what is the difference between BMW, Mercedes and Porsche nowadays? Nothing, except a sedan in the line up. But after the Panamera is out I really don't see a reason to buy Porsche anymore unless my mom or future wife wants one.
Anyway my apologies for digressing, back to the CGT death spiral.
Whether ***** analysis is right or wrong, only time will tell. And whether he is right or wrong, the prospective buyer and seller really shouldn't care. These cars are toys and not investments. Sure we all worry about resale value since our toys are expensive but fact of the matter is that if we worry too much about resale we probably cant afford these fun things and shouldn't own one in the first place. I used to worry about the 2nd hand market for my TT. I now realize how futile and silly that was. The only approach to buying these toys is to do so with total disregard for resale, or like Amir said, have no regrets for a second. If you can't do that buy a camry or an accord and be done with it.
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Originally posted by fasteddiett
love to sew a few pics of that 05 gt2 you got there...
love to sew a few pics of that 05 gt2 you got there...
What color is it?
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Originally posted by LUIS95993
Me too, that is a pretty rare machine (1 of 5) built for the US for 05.
What color is it?
Me too, that is a pretty rare machine (1 of 5) built for the US for 05.
What color is it?
