The extraordinary price increase experienced in the Porsche 911 market over the last 24 months has reportedly finally tapered down, according to recent auction results. What does this mean for buyers who want to enter the 911 market in the upcoming six months? To discover out, we seek the advice of Paragon, Maxted-Page, and Autofarm.
While Autofarm owner Mikey Wastie believes that “there is less panic buying” than last year, which has caused prices to plateau, Paragon’s managing director Mark Sumpter argues that the current stagnation is only due to a shortage of high-quality vehicles (especially at the recent Monterey auctions).
According to Sumpter, if someone claims that “These RSs have run out of steam and are now being reduced,” it’s because the discerning buyer wants a matching numbers, accident-free vehicle with a complete history. Only 20% of vehicles in this top division fall into this category.
In the future, “when a very remarkable car gets to the market, it will always make a slightly higher number than the average market price,” says Lee Maxted-Page, director at Maxted-Page, indicating that the 911 market still has room to expand for the perfect specimens.
Maxted-Page continues, “We’re returning to a more regular regime where the rarest of the rare and the extraordinary cars will continue to make amazing outcomes, but the average and more frequent cars will sell for mediocre money.
Sumpter agrees: “A 911T shouldn’t, in my opinion, be located near a 911E or S. The cost difference between a really nice car and a pretty middling one wasn’t so great when they were all cheaper cars. The price difference between the best automobiles and the second division cars (cars that don’t fit our requirements) will be divided in half.”
The three experts concur that purchasing a 911 will still be a wise move for the next six months. Wastie notes that “Currently, classic automobiles are stable due to events in China and the stock market. But I doubt that any savvy investor would put all of their money into antique autos.”
However, given the abundance of subpar copies on the market, buyers must exercise caution. “Do your research. If you can’t figure it out on your own, find someone you can trust and listen to them “Sumpter begs—the ideal piece of counsel for the ensuing six months.
Check out our whole collection of sales debates, where we ask the 911 specialists the relevant market questions so you don’t have to, for market guidance on any generation or style of Porsche 911.
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After a perfect storm of supply-chain constraints, war, and the sinking of a cargo ship hauling millions of dollars’ worth of goods across the Atlantic, even the most buoyant of automakers is suffering squalls.
According to a report released on April 1 by Porsche Cars North America Inc., U.S. retail deliveries in the first quarter of 2022 decreased by 24.9% from the corresponding period in 2021. In comparison to the 17,368 units delivered during the same period last year, the company delivered 13,042 units during the first three months of this year.
Are Porsche’s values rising?
The rise is far more evenly distributed across the Porsche range than it is for some of its main rivals. In 2021, the value of 151 Porsche model generations tracked by the Hagerty Price Guide grew by 56%.
Is buying a Porsche a wise investment?
According to Zacks’ exclusive data, Porsche Automobil Holding SE Unsponsored ADR is presently ranked as a Zacks Rank 4, and over the coming few months, we anticipate a below-average return on the POAHY shares in comparison to the market. Additionally, the VGM Score for Porsche Automobil Holding SE Unsponsored ADR is C. (this is a weighted average of the individual Style Scores which allow you to focus on the stocks that best fit your personal trading style). Porsche Automobil Holding SE Unsponsored ADR may be cheap, according to valuation criteria. It would be a good choice for value investors, according to its Value Score of A. POAHY’s financial stability and expansion possibilities show that it has the potential to outperform the market. It now has a D-grade growth rating. With a Momentum Score of F, recent price swings and earnings estimate revisions suggest that this would not be a good company for momentum investors.
Cars made by Porsche retain their value?
Porsche vehicles retain their value. Compared to other brands, many Porsche models are renowned for maintaining their value well. All automobiles eventually lose value, although Porsches do so generally more slowly. If you purchase a used Porsche vehicle, it won’t have depreciated as much as a comparable non-Porsche vehicle from the same year.
Why are Porsches so expensive?
Porsches are pricey because it costs a lot to make a car that handles and performs well.
They spend a lot of money on R&D and materials to build sports vehicles that are the benchmark for all others.
Even older Porsches fetch high prices on the used car market due to their ability to retain value and resist rapid deterioration.
Who buys a 911 Porsche?
The car industry undergoes what seems like limitless amounts of research every year, much like any other retail business. Some of that research focused on the Porsche brand, and market data was compiled to determine the typical age of Porsche buyers and owners. The answer varies based on the model rather than being a single, obvious number. Customers of the popular Porsche 911 model are typically between the ages of 46 and 65, with 52 being the average age. Contrarily, people who are 47 years old or between the ages of 36 and 55 are more likely to purchase a Porsche Boxster.
Are Porsche repairs expensive?
The annual cost of maintaining some Porsches should be between $200 and $600 to be reasonable and affordable. Taxes, fuel, and bodywork repairs are not included. The price may exceed $1,000 if you take it to Porsche or Porsche-approved businesses.
One of the less expensive Porsches to maintain is the Boxster. If you continue receiving regular annual services over a ten-year period, the cost is between $550 and $700 annually.
Some of the fixes you might need to do are listed below. Additionally, costs will change based on your location, the age of the model, and whether you are taking it to a Porsche service center or a neighborhood mechanic.
In place of:
- Sensor for Cam Shaft Position
- Control Body
- Joint Ball
- assembly of the CV axle/shaft
- the control arm assembly
- Assembly of Struts
- Oil Pan and Gaskets for the Oil Pan
- Bulb Headlights
- hose under the power steering
- Spiking plugs
You must also complete the following:
cooling system cleaning
What is the Porsche 911’s outlook?
Porsche has set some new EV goals for the future as major automakers compete to expand their fleets of electric cars. The mid-engined two-seater “fun time” Cayman and 718 will switch to electric propulsion by the end of 2025, while the Porsche 911 will go hybrid.
The German automaker is going to expand and invest on electric vehicles after a successful 2021 that saw record operational profit and record sales. The net cash flow increased by $1.5 billion to $3.7 billion last year, according to a statistic. Additionally, Porsche shipped over 300,000 automobiles to clients worldwide, with the Cayenne and Macan being the best-selling models.
The Stuttgart-based sports car manufacturer had previously set a 2025 sales goal of 50% electric automobiles. But now that it has been so successful, they plan to increase it to 80% of sales by 2030.
This is mostly a consequence from the Taycan model, which accounted for 14% of business sales in 2021. In addition, they will unveil the all-electric second-generation Porsche Macan crossover. In 2023, Europe will see the debut of the small electric SUV, and in 2024, North America will follow. The PPE architecture, created by Porsche and Audi for high-end electric vehicles with 800-volt fast-charging capacity, will serve as its foundation, much like it does for the Taycan.
However, the brand’s line of sports automobiles received the most attention. The bosses declared that the two-seaters 718 Cayman and Boxster will be electric by the middle of the decade since they were so optimistic about the future of EVs.
The most recognizable model from Porsche, the 911, will be a hybrid in the following generation. Porsche wanted to keep the beloved gas-powered sound, therefore they opted against building a totally electric 911. Nothing compares to the sound and feel of a flat-six engine.
Because 911 has so much significance in the history of the automotive industry, I think this is a brave statement on their part. It’s important to realize that the 911 has been around for approximately 60 years, therefore its propulsion cannot be changed entirely.
Oliver Blume, Chairman of the Executive Board of Porsche AG, stated that “our positive business result is built on brave, inventive, and forward-looking initiatives.” “The current upheaval of our sector is arguably the biggest in its history. Early on, we charted a strategic trajectory and established a strong operational foundation. Teamwork has led to this accomplishment.”
For 2022, Porsche has ambitious intentions. In addition to this EV strategy, they also want to work with Apple. We don’t know much about these rumors, but Porsche executives have visited America to talk about potential collaborations with Apple. Oliver Blume, CEO of the two organizations, said they are on the same page and have a history of working closely together but did not elaborate on any potential collaboration.
We’d love to learn more about their ambitious future plans after they came dangerously near to going bankrupt in 2009. A storied brand like Porsche shouldn’t go.
Are Porsches trustworthy?
In J.D. Power’s annual automotive survey, Porsche and Toyota tied for second place overall in terms of reliability, while the Porsche 911 sports car took home the first-ever prize for the most dependable car in the sector.
Why don’t Porsches lose value?
Porsches are a great choice if depreciation or resale value are major factors for you.
Porsche vehicles are in high demand because of their reputation for dependability, utility, and performance. They have high resale prices and low depreciation rates as a result.
Having said that, your car’s condition affects its ability to be sold. Your car’s resale value will be lower if it has a poor service history and shows obvious indications of wear and tear.
Therefore, make sure your car has routine maintenance and always keep it in good shape.
Porsche might stop producing the 911.
Given the numerous statements made by automakers in the last year or so, it is now quite obvious that electrification will advance quickly throughout the sector during the following ten years. Whether you’re in favor of it or against it, most of the cars we currently own will either be replaced with all-electric ones or undergo the conversion themselves.
The moves will typically be simple enough to accept. Electrification is less popular when it comes to pure sports cars with fine mechanics. This is true of the Porsche 911, a vehicle that gives drivers a significant portion of its excitement through the melody that comes from its engine.
Therefore, purists will be happy to discover that Porsche has announced the 911 won’t be joining its expanding array of electrified vehicles in the 2020s. That is not to imply that the vehicle would completely avoid electrification; according to Porsche, a hybrid system is in the works.
Oliver Blume, the executive of the firm, claimed in an interview with Autoblog “It is evident that we will keep using combustion engines to manufacture the 911 since it is our national symbol. Maintaining the flat-six requires adhering to tradition.” Furthermore, he continued, it would be difficult to convert the 911 to an electric vehicle even if Porsche decided to do it after eliminating the engine. Let’s face it, this car’s architecture is distinctive and centered on balance, with the combustion engine playing a significant role.
“Because the 911’s engine is in the back and the weight of the battery would be in the back as well, a fully electric car would not work with the 911’s design. I’ll be absolutely clear: the 911 will have a combustion engine for the foreseeable future.”
Porsche has acknowledged that it is thinking about making the 911 partially electric. By the way, the company is already focusing on that. The 918 Spyder, which Porsche produced from 2013 to 2015, is one of its many vehicles that combines an electric motor and a combustion engine. The business has previously triumphed in the 24 Hours of Le Mans using a hybrid vehicle.
One thing is for certain: the day the final gasoline-powered 911 goes on sale, it will instantly become a highly prized collectible.