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How is the market currently for a 991 GT3RS?

 
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Old 02-13-2019, 12:34 PM
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How is the market currently for a 991 GT3RS?

I'm interested in picking up a 991 GT3RS, and I've noticed that there are a lot for sale. There are 42 cars local to me just on Autotrader. Many of them have asking prices basically at or over the original MSRP. Is the market really supporting this? I was under the impression that the GT3RS is not actually that rare. I haven't been following long enough to see if these cars are moving, but I saw on one listing that the price was reduced more than 2 months ago. Is it smarter to wait until the 992 GT3 comes out to see if these prices start diminishing?
 
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Old 02-13-2019, 07:24 PM
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Can’t be that rare with 42 just on Autotrader. Then you have all the forums with 991 RS cars for sale.
 
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Old 02-15-2019, 02:53 AM
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I just purchased one at msrp but I believe that is rare as I had a local dealer that would not move off 20+ over- I offered 5 over and they passed and sold it that weekend
 
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Old 02-15-2019, 08:49 AM
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Are you looking at the 991.1 or 991.2 3RS? The .2 just came out and all have ADM ~$25k the last I checked.

If you're talking about the .1 they should not be listed at/above MSRP as a lot are turning in now.

Either way, the longer you wait the cheaper they will be. Demand is still pretty strong for the .2 and will likely stay that way...
 
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Old 02-15-2019, 10:59 PM
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Originally Posted by jkfuel View Post
Are you looking at the 991.1 or 991.2 3RS? The .2 just came out and all have ADM ~$25k the last I checked.

If you're talking about the .1 they should not be listed at/above MSRP as a lot are turning in now.

Either way, the longer you wait the cheaper they will be. Demand is still pretty strong for the .2 and will likely stay that way...
I'm looking at the 2016 991.1 GT3RS. There are now 45 cars locally on Autotrader. They don't seem to be moving, but most are pegged just below to just over MSRP.
 
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Old 02-16-2019, 12:34 PM
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Originally Posted by SCIronMike View Post
I'm looking at the 2016 991.1 GT3RS. There are now 45 cars locally on Autotrader. They don't seem to be moving, but most are pegged just below to just over MSRP.
Interesting, they are trading way lower than MSRP even at the dealer here.


215 msrp, 190 ask

206 msrp, 190 ask

There was a 16 LO with 9k miles that transacted in the mid 170s from the dealer with CPO less than 2 weeks ago that I'm aware of. Privately, people are listing/ selling in the mid to high 170-180s with ~200 msrp the last time I was looking. I would keep looking and negotiate. There will be more inventory once everyone takes delivery on their new touring/ RS/ GT cars.
 

Last edited by GT3 Chuck; 02-26-2019 at 10:08 PM.
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Old 02-16-2019, 03:12 PM
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Originally Posted by jkfuel View Post
Interesting, they are trading way lower than MSRP even at the dealer here.


215 msrp, 190 ask
206 msrp, 190 ask

There was a 16 LO with 9k miles that transacted in the mid 170s from the dealer with CPO less than 2 weeks ago that I'm aware of. Privately, people are listing/ selling in the mid to high 170-180s with ~200 msrp the last time I was looking. I would keep looking and negotiate. There will be more inventory once everyone takes delivery on their new touring/ RS/ GT cars.
It's crazy to see only 8-12% depreciation from MSRP after 3 years for a car with a lot of inventory on the secondary market. I think the smarter thing to do is to wait a few more months and see how the market swings as 992 models start rolling out.
 

Last edited by GT3 Chuck; 02-26-2019 at 10:07 PM.
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Old 02-17-2019, 10:44 AM
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The Porsche GT cars have always held up well. Just look at the GT4, 996 GT3s, and 997.1/2 GT3s which are still holding strong. Some of 997.2 3s are still trading at or close to MSRP even 8-9 years later. Also, when these were released the PTS/ custom painted cars all went for over MSRP and were unobtainable for the longest time. I don't think that most would cross shop a new 992 vs. an older gen GT3 so I wouldn't expect a huge drop but who knows. I hope you find what you need, they are fantastic cars!
 
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Old 02-21-2019, 12:35 PM
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Since my original post, the number of local 2016 GT3 RS's for sale on Autotrader has increased from 42 to 48. None of the ones that interest me have sold. I did reach out to one 3rd party dealership about a car and was told that they sent it that day to auction and they would let me know if it doesn't sell and comes back. Will keep following...........
 
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Old 02-21-2019, 04:13 PM
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Here is a good recent comp sale/auction that might help you:

https://bringatrailer.com/listing/2016-porsche-911-gt3rs-11/
 

Last edited by GT3 Chuck; 02-26-2019 at 10:05 PM.
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Old 02-24-2019, 11:50 PM
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The BAT 2016 991.1 PTS - RS green, selling for $215-$220k. Very limited PTS color. I looked at it over the weekend. Beautiful car in person.
 
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Old 02-26-2019, 07:13 PM
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You should really check on cars.com. There are 109 cars listed on that site. Definitely wouldn't pay over list for any of these cars. The cars have really limited use and are great cars, but pretty uncomfortable on the street. I think most people buy them because they look cool then realize how impractical they are and get tired of looking at them in their garage. That and the people that can buy them at sticker and drive them for free...or think they can.
 
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Old 02-26-2019, 11:50 PM
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The 991.1 GT3RS is a flop. Well, it's a GREAT car but it's a flop at everything people were hoping it would be- "Rare and value gaining machine". It's the only reason people were paying a premium for it. When looking on professional test driving this car, i immediately notice it wasn't what it meant to be, quotes- "it's like regular .1 gt3 (which is not that good) but 10% better" "it has more over steer than i would prefer" and the deal breaker- the .1 GT3RS was proven to be slower or as fast as a .1 turbo S on multiple tracks. So if it's slower on the track from a "soft daily user", what is it for? noise? "fun" ? (a go kart is fun, this is a super car). So, it's slow on straight line, its slow on the track, Well, it's not rare. They end up making about 5000 (!) of them. it should be sold for the price of regular .1 gt3 plus some extra.. and thinking people were paying 30-50 percent over mspr just 1.5 years ago.
don't listen to 20 years old youtubers next time and think on you own.
by the way, the .2 gt3rs is a different animal.
 
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Old 02-27-2019, 10:18 AM
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The only car that has sold recently in my area is a signal green GT3 RS (the listing disappeared off of Autotrader) and CNC Motors sold their lava orange at dealer auction. Still a lot of inventory. I notice the prices trickling down slowly. Overton Automotive has a lava orange that has very few options (no PCCB) that they lowered the price yesterday to "the lowest priced GT3 RS in the nation" at $172,300. Right after Porsche Irvine listed a lava orange with PCCB for $169,995. I've been following the price trend since the beginning of the year, and the prices are consistently dropping as cars sit on dealer lots. I'm curious to see what the true market value of these cars is.
 
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Old 02-27-2019, 10:45 AM
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Ironic that many people including dealers are asking 5-20k over list for 2018 GT3s of which many are over a year old and very low miles. There are a ton for sale. I do not believe they are selling- every one who wanted one has it.
 

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