CS Market

I dont see it that way.

I just see it as potential profit taking. No different than when a stock heads up & many of the share holders sell off on the way up to realize the gain.

I am doing that with a vintage 930 Porsche right now. I dont think its the top of the market by any means for 930's, I personally am just ready to realize the potential gain while the resale is strong.

Current Stradale listings are quite possibly the same.

 

or its just the end of summer selling season. Not certain about CS's but in general there is a rise in selling inventory of "toys" before fall/winter.

 

I was there. Mine is the red one.

 

I believe they are mostly in the ~ 200k-250k+ range.. So far my prediction has been spot on. Now let's if we can hold these prices in the coming years and then off to the races..

 

supply/demand. with that many for sale, the buyer has room to negotiate. ah well....

 

quite impressive considering I gave mine away at 120. 2 owner, no stories, red/stripe, no radio, all factory. A proper CS. But the 22k miles really hurt the resale value. Someone got a great deal. Too many ppl put way too much emphasis on low miles IMO. But thats the market for you.

 

I wondered so how much is your former car going to fetch if it had 30,000 miles on the clock, now ?

 

Sounds like a perfect car and mileage to me. Few things are worse than owning a stradale and being afraid to drive it more than a couple hundred miles a year

 

There are a couple of high mileage strands on the market currently!

 

I suspect a lot of people saw the prices and are starting to take advantage of the situation.

 

I agree!

 

Not looking to hi-jack your thread on prices (think of it more as sustaining...) but I have a qn and this thread seems to have a significant knowledgeable CS following:

I'm looking at buying one and was wondering what they were like for ground clearance, I live in a area with lots of speed bumps (West London) and there is a reasonably large gradient change between the camber of the road and my drive (I had to get a lift kit fitted to my 997 GT3 RS and it now only scrapes a bit...)

 

If your 997 gt3 rs scraps the speed bumps in your area, you can be assured the CS will scrape, on the front lip, mid section and worst of all, the rear diffuser as you go over speed bumps.

 

That's been said in this thread since 2011

 

Yes but market is getting soft now... Watch what happens within the next 6 months.

 

With what? Ferrari prices, Stock market? If market goes south, most everything will follow, except maybe real high end stuff that the uber rich want. If not, I don't see the semi rare Fcars getting too soft.

But real car guys won't worry to much since we didn't buy as an investment.

 

This is true. the best thing is to buy the car for pleasure and enjoy. But then again this is the CS market thread so thats why we are here discussing values lol. The exotic car market has been very strange some cars have gone up tremendously some not so much some not at all. Some have even come down.

 

The stock market going down will hammer ALL exotics and classics - you are seeing it right now. This MKT keeps going south CS's will be 150's in no time.

 

I am starting to think so too... Looks like a lot of CS on the market and people lowering their prices. The ones for sale currently are probably the people who bought with the intentions of invesentment and prob people who were not emotionally attached to the car. This will most likely happen with a lot of collectable cars and surely drive prices down.

 

Haha hypothetically let's say there's a 1 to 1 correlation (to the downside) with the stock market and fcar prices.. I'll be all over the crash and buying everything in sight. At that point, I couldn't care less what happens to the fcar market. I'll be busy making $$$ in better places.. CS at 150k is about a 50% hair cut.. Meaning the SPY will be at aprox 100 (Doubt will see 100 but just for fun lol )... I'll be buying high quality stocks and cashing $$$ in on the long term bounce .. so Win Win in either direction!

 

The market isn't going south. We're off like 3% form an all time high.

I hope cars do tank like you say. I'll buy more. But I don't think it's going to happen. i have too many people offering me too high prices for things I own. Quit watching the stock market. It's not a good indicator short term. It's full of day traders.

 

+1. Bring on the crash!!! I'm cashed up and ready to buy.

It's not gonna happen though. There're too many guys with too much money sitting on the sidelines buying into the market every time it dips.

 

I don't think we tank right away but we are in correction mode. We are about 10% off the highs on sp500.. Not full blown bear market yet but I can see 1540 (spx) being the worst case scenario in the coming years..

And agree on dip buyers.. Hard to kill a bull market this strong.. Gonna take long time to convert to a full blown bear market (if it does happen)

 

GDP is up. Unemployment is down. I'm bullish on the U.S. economy. I want a rate hike.

I do think we will bounce around til the next election and until the FED commits to a rate hike. But I'm not in for the short term. I keep buying for now.