Got the new issue last week.
968 coupes:
---------Poor Good Excellent
1992 - 10126 11513 15413
1993 - 11235 12774 17100
1994 - 12442 14146 18938
1995 - 13329 15155 20288
This generally reflects anywhere from $200 to $800 in appreciation from last year's report.
The latest issue of Keith Martin's Sports Car Market lists the 92 and 93 (he does not list later years) as between $14,100 and 19,500.
My only thought, other than being glad that depreciation has stopped for now, is that I just don't see this much difference between model years. The slight cosmetic changes year to year are far less important at this point than miles and overall condition. An 'excellent' condition low mile 94 does not seem to me to be automatically worth $1800 more than an identical condition 93.
My sentiments exactly. However, as we all know anything is worth what someone is willing to pay or accept for it.
An our opinions are not just based on the fact that we own 93s - honest <img src="/forum/images/smilies/968/rolleyes.gif" class="smilie" alt="" />
I'm surprised that the biggest jump is not in the 1995 cars where you at least have the "last of the breed".
Are there figures for the CS and Convertible as well ?
Thanks
Alex
I think the big increase should be for 92. The first of the breed since I own one.
In the same issue, under "reader's sales reports" they reference a 1985.5 944 with 84k mi, in need of an A/C compressor , wheel bearing and control arms, front end with a lot of chips, SOLD for $ 6,300 ! Then, a 1988 944 turbo s which sold for $ 18,000. And a 1990 944 S2 , granted that it only had 32k miles, sold at
$ 14,100.
Comparatively speaking, 968s going for $ 9,900 ( that one Roxy L. pointed out ) borderlines on insanity !
Based on the above examples, whoever bought those cars should have no qualms paying more than $ 25,000 for a decent 968 COUPE, and a heck of a lot more for a cab then, right ? Do they live under a rock and not realize there are 968s for sale ? And then why is the market for 968s priced where it is if 944s go for those kind of prices ?
I recognize those sales mentioned in the article are exceptions to the typical going price, but unless someone is desperate to sell the car and needs the money right away, I can't imagine why one would be willing to part with a vehicle as exceptional as this one for a comparably dirt cheap price .. there has to be willing buyers out there to pay a hefty premium for the 968 if there are those willing to pay 100% above market for 944s !
IMHO, naturally.
valid points - we keep going back and forth on this subject, and really end up at the same place - the car's market vealue and it's sale price do not necessarily coincide - these cars are rare enough that sellers and buyers, and people reviewing them and trying to figure out what they are "worth" often do not have enough knowledge or experience with the car to determine what the appropriate price should be
that being said, i am working on a spreadsheet that should make this a lot easier - it will have every possible malady that would affect sales price, and its associated cost, and enter them into a spread sheet so that it can then calculate what a car should sell for - mods are of course a variable that is more subjective than anything else, and there is no way to really factor those in
We've been around and around the issue of value vs. price a bunch of times. The bottom line is always that anything listed for sale will change hands when the "deal" reaches equilibrium: The number at which the seller and buyer each perceive realized value. None of these terms mean anything in particular. They are meant to be descriptive and often used interchangeably.
An example of this phenomenon is the fact that someone could offer $18k for my '93 coupe and I wouldn't sell. It is worth more than that to me, although it is clearly NOT worth that much to most buyers. In fact, if I was buying it today, I wouldn't pay that for it. <img src="/forum/images/smilies/968/wink.gif" class="smilie" alt="" />
I also believe that the 968 is in a transitional period from "original owners" to "enthusiasts" that will create separate markets. Eventually, price will be dictated soley by the enthusiast which will help our cause.
That's an interesting perspective, Rustech. Hope you're right.
[quote name='Duckman' date='Feb 11 2005, 07:22 AM']That's an interesting perspective, Rustech. Hope you're right.
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Rustech has a great point here. Since I was just in the market/buying precess I can tell you that I met a few "original owners" who didn't have a clue as to the true condition of their cars or the true value. Flash? can you second that? The white car in SF and the white car in AZ were great examples of this.
absolutely - that guy in the bay area was a perfect example - i have been saying this all along - it goes with the part about clean and/or low mileage and high mileage cars creating a wider gap too - as some of these cars become more "collectable" and others become beaters we will see the middle ground disappearing - this is good news for those with clean cars, but bd news for those with less than that - my concern is regarding the insurance industry and how they will adjust
Regardless of what all the "experts" say... The value is like beauty, in the eye of the beholder... and I intend to be a hold of mine for a long time!!!