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Large spike in valuation over last 3 mo according to Hagerty - Printable Version

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Large spike in valuation over last 3 mo according to Hagerty - snova - 05-04-2019

Anyone else notice the large spike over the last quarter?

 

 



Large spike in valuation over last 3 mo according to Hagerty - ds968 - 05-04-2019

Is that from $ 100,000 to $ 250,000 market value now ? Hey, that’s how I ( want to ) interpret that graph !! ;-)


Did not realize that, I wonder why this spike happened in such a short timeframe . But the crazy price surges of air cooled Porsches ( even the iconic 993 ) is coming to a grinding halt , it seems that market reached its peak value . As have American muscle cars lately, dropping demand too. Perhaps that’s part of the reason of 968s , Miatas, Toyota sporty models are experiencing growing interest and significant price upticks .

Large spike in valuation over last 3 mo according to Hagerty - snova - 05-04-2019

Regarding the 911, the "flat" light blue line in the middle is a 993 C2. IMHO 968 is doing a late correction due to earlier spike of the 911s and the large gap in prices. I think they will level off when they get to 50% of the classic 911 prices. So it still has got a ways to go. Although, the rareness of the car could push it beyond that target, as more people start to realize why they don't see many go up for sale. Especially the coupes.



Large spike in valuation over last 3 mo according to Hagerty - flash - 05-05-2019

haggerty's valuations have always been very high, compared to anyone else.  it's a marketing thing.  this motivates collectors to think their cars are worth more, and consequently buy the kinds of collector insurance from them that they cannot get anywhere else.  it's misleading at best.  the actual sales figures do not support those claims.

 

it's a lot like the recent unemployment numbers, which do not hold up to the light when you factor in the people who have stopped looking, and have fallen out of the unemployment figures, and that the bump in new jobs are mostly minimum wage.  looks good in the headlines, but if you actually look at it, you see it's all hooey, and people are having to take 3 of those jobs to pay the mortgage.

 

look behind the curtain



Large spike in valuation over last 3 mo according to Hagerty - pdxmike - 05-05-2019

Two high profile/low mileage 968 auction sales this Spring, both covered heavily by Hagerty...



Large spike in valuation over last 3 mo according to Hagerty - snova - 05-08-2019

Quote:haggerty's valuations have always been very high, compared to anyone else.  it's a marketing thing.  this motivates collectors to think their cars are worth more, and consequently buy the kinds of collector insurance from them that they cannot get anywhere else.  it's misleading at best.  the actual sales figures do not support those claims.

 

it's a lot like the recent unemployment numbers, which do not hold up to the light when you factor in the people who have stopped looking, and have fallen out of the unemployment figures, and that the bump in new jobs are mostly minimum wage.  looks good in the headlines, but if you actually look at it, you see it's all hooey, and people are having to take 3 of those jobs to pay the mortgage.

 

look behind the curtain
ok. lets say Haggerty has a high bias.  Still doesn't explain why it spiked.


Large spike in valuation over last 3 mo according to Hagerty - WolfeMacleod - 05-08-2019

So glad I bought my '85 911 back in 2007.  At just 53,000 miles, I'd say it's "excellent"  according to Hagerty's description.  

  I paid 22k.  



Large spike in valuation over last 3 mo according to Hagerty - ds968 - 05-17-2019

So according to Hagerty  the average values are as follows :     

  Current Values
Value Adjustments
-15% for Tiptronic,  +20% for Speed Yellow and Riviera Blue.

 

 

K.B.B. only lists an average value of   $ 21,000 .   
But in the links below that general listing they had four 968s, for sale, with 109 k, 115 k ,147 k and 93 k miles respectively, with an asking price range between $ 19,500 and $ 22,000.  

 

 

 

 



Large spike in valuation over last 3 mo according to Hagerty - snova - 05-17-2019

Hagertys average is #3.  



Large spike in valuation over last 3 mo according to Hagerty - snova - 05-17-2019

Previous quarters from Hagerty.  hopefully this shows the spike (larger rate increase) than typical historical increases.

 

comparing the current values that you posted (May 2019).

 

 



<p style="color:rgb(40,40,40);font-family:helvetica, arial, sans-serif;">  Current Values
</div>

Large spike in valuation over last 3 mo according to Hagerty - ds968 - 05-19-2019

So we all know that asking price does not necessarily translate to sales price, but here are some SOLD ( auctions ) prices :

Bonhams ( sold in Scottsdale AZ ) 1994 968. $ 54,500

Gooding & Co. ( sold in Monterey Ca ). 1995 968. $ 40,300

Sotheby’s. 1995 968 $ 37,400


None in concours condition, but listed in excellent “ mint “ condition, with sub 20 K miles. All were couples . None were tiptronic . None were speed yellow or riviera blue. The one which sold for $ 37 K had 48,000 miles.

Large spike in valuation over last 3 mo according to Hagerty - ds968 - 06-29-2020

So I was looking at the 968 for sale ads in Panorama the other day and the half dozen or so listed were all around 22 K - 22.5 K .  Different mileage , different years,  coupe or cab,  everyone wants 22 K for their car .   I found that close of a price commonality a bit odd.     Anyway, in one of the ads the poster mentioned that a 92 coupe was “ just sold “  at Sotheby’s for $  62 K .     Here’s what I was able to find ..  $ 64 K total actually 

 

https://rmsothebys.com/en/auctions/am20/amelia-island/lots/r0098-1992-porsche-968-coupe/849547

 

 

Kaj, in your color ...



Large spike in valuation over last 3 mo according to Hagerty - Rap - 06-30-2020

I had a guy working on our office building walk up and ask me how old my car was yesterday. When I told him 28 years, he questioned me with a 28 years? I said yep it’s a 1992. He responded by saying that car looks new must be a garage queen. I smiled thanked him and said it sure as as all my cars are. Looks new. I was loving yesterday.



Large spike in valuation over last 3 mo according to Hagerty - ds968 - 06-30-2020

Yes, when these cars are in great shape it’s difficult to guess their age with any accuracy, even within one decade .. too rare and the lines are too classic for the common person out there to tell they’re “ dated “.    I for one don’t like cabs, but a 968 cab , or even a 944S2  cab in mint condition can easily pass for a 2010 - 2015 automobile, IMO.   Coupes hatchbacks are a bit more of a giveaway in terms of their era . Although hatchbacks  made a huge comeback in many top end sports cars recently ( around 5-7 years ago ) even  including some Ferraris, they were a more reserved , modern shape than the somewhat bulbous one we have ..  



Large spike in valuation over last 3 mo according to Hagerty - Waylander - 06-30-2020

I love it when you get those disbelieving looks when you say 28 years old, and like it even more when you local fast boy in his over boosted diesel van can’t get away from me, when he already scoffed and insinuated that his crap heap was much faster, I can absolutely assure you, it’s not



Large spike in valuation over last 3 mo according to Hagerty - Kaj Hallstrom - 06-30-2020

No matter what Haggerty says, no matter what anyone else says, a well maintained good looking 968 will fetch a good price. It's like selling stamps, you only get the best price if someone wants them. Supply and demand....end of story!!