You are aware that the V10 in the Carrera GT was meant for Le Mans racing, right? And it's hardly a poser's car. It is in fact one of the purest statements in design and performance by arguably the greatest sports car manufacturer.
Saying the cgt is ugly is akin to being grossed out by Adrianna Lima squatting in the woods to take a leak....just makes no f*ucking sense.
Wikipedia says that they made 1,270 of them, with 604 being sold in the United States. While that is a low volume for Porsche, it really isn't low enough to be a big driver in the value of the car. The implication of that number of cars being made is there will always a few for sale when some one wants to buy one. A total number of cars under 300 makes a car much more rare and much harder to find one when a person is ready to buy one. For example, it is much easier to buy an F40 (1315 were made) versus a 288 GTO (only 272 were made). .
I'd guess ~100 of those have been totaled thus far, so adjust accordingly. Here's the unofficial CGT registry. http://www.carreragtregistry.de.vu/ It seems that any color other than GT sliver can be considered pretty rare, so once again, adjust accordingly. I can't envision the CGT ever plummeting in value or becoming less collectible. I'd never own one, but that's only because its way too much car for me to enjoy.
100 or so have been wrecked. Another 40-50 have been sold out of US. So that should limit the total amount in the US. Most enthusiasts that own them LOVE them so I doubt you will see a significant drop in values.
I can't think of any modern super car that possesses the esthetics and driving dynamics for the value the CGT delivers. Once you get used to the car, specifically the clutch and ground clearance, it's easy to drive. Oh and try to duplicate the noise! I think values are going to be flat for a while but not coming down due to the crazy cost of the replacement car. I think the miles and maintanance history of these cars as they age will impact value the most. Geno Image Unavailable, Please Login Image Unavailable, Please Login
Geno, I'm assuming you had the brake calipers painted to match the body? I've never seen a CGT with red calipers. Looks good.
If someone thinks it's ugly, what's the big deal? Frankly, I'm not all that keen on the styling, either. But, beauty is a subjective thing. And, it surely does go. However, this thread was intended to be about the future value of the CGT. Again, this is just opinion. However, if you consider that the standard trajectories of Porsche values is down, that's the starting point. The CGT, like a few of the more limited models like the 959 and 911 GT1 *might* appreciate. Might, but not must. So far, it hasn't even held its value, falling from the MSRP. So, I don't know that a CGT owner will have a $1MM car in their garage in 20 years. Value will be a function of how desirable it is. Lots of things go into that mix. But, if you're looking for value appreciation, cars have rarely done as well as other assets. There's always an out-performer now and again, and the CGT has some of the qualities. It has the potential to be one. CW
Product of the automatic generation? The car is the last of the manual super cars, that will no doubt help the value. As the 25 - 35 crowd obtains more cash over the next decade or so, they will start purchasing them as they are the car they wanted when they were just starting their lives. Kind of how all the young guys in the 80s and early 90s now want F40s/ Countach/ 959 and the like. This wont appeal to those who cant drive manual however. But many of my friends who are in the 25 - 35 range love the car and will buy one when they can afford it simply because it has a real mans gearbox.
A factory $6K or $8K option, don't remember for sure. Also seat belts in red. I bought the car with 1800 miles from the first owner that paid up for this expensive but rare option. He also paid a $50K over MSRP premeum... Geno
BTW many before and now think the 959 is not a very attractive looking car. So you're right about it being a subjective thing. I always liked the unique look of the 959... Geno
and certainly enjoying any/all photo(s) of CGT. Their exhaust sound is unparalleled in my limited ear. It represents, to me, a "destination" car. I believe they will hold their value quite well.
Maintenance costs are quite high maybe affecting future value. 918's and the like will push value down as demand for the newest greatest thing changes. Still very exclusive and cool.
Man, when I was a kid, the 959 vs. the F40 was everything that mattered. A couple of years ago, I found a gold mine of a used bookstore that had copies of the auto mags with all the original comparos. What a blast I had re-reading the articles... congrats on owning one of the all-time legends. Never in my life heard the modern CGT called ugly before, so I'm inclined to just ignore those comments. Certainly, 8 years on, the car has already established itself as a legend in its own right, so it's safe to say that would be a very minority opinion. Perhaps the biggest drag on values will be the high maintenance costs. Despite that, my opinion is that the car will eventually rise in value. We are trending towards smaller displacement turbo sixes and eights and the the V10 will be unique to only a few supercars. There is no other road car ever made, IMO, that sounds as good although almost all of them have tried. When we are all driving silent electric cars with fabricated soundtracks, the allure of the CGT will be irresistible.
I agree Although a lot of cars cost a fortune to maintain. 30k for a service on an F40 and if any reads much about the now selling for around 50-60k 355's out there, they will also know a 20k repair bill isn't out of the question. I think because Porsche as a company is so strong they will continue to have parts available and they wont be anymore in 15 years as they are today. The 918 will help hold CGT values up simply because they are over 800k new
I think the writer makes some valid points about the CGT. It's hard to place this car in the annuls of automotive achievement, IMHO, and that will make it hard to get future collectors to put too large a price tag on it's worth. In contrast, the 959 was an international race winner in it's day, and that gives collectors a reason to fork over the dough. The "Proven best among it's peers" label tends to command a hefty price premium in the market. I'm personally not a huge fan of the 959's looks, but I think it's got legs as a collectible.
ridiculous comment...most posers would stall the car five times on the first drive and sell it. Most cars are street cars first and then tweaked for racing....the CGT was purpose built as a RACER and then converted for street use...it has maintained its edginess as a result and thus feels "raw" and "rough" to the coddled types that cannot appreciate the purity of the experience. The CGT when driven spiritedly is right up there with the F40 in terms of enjoyment...just ask those that own both. I know of a highly successful race car driver with multiple championships and Indy 500 wins that owns both an F40 and a CGT. To suggest he is smitten with the CGT is the biggest understatement....never gets tiring to hear him delve into its attributes and drive qualities and sensational feedback. To see him drive the car while tailing behind in a 599GTO is another sight altogether
it's too bad you have put up with that piece of junk GTO yours is easily one of the nicest looking cars in recent memory. like many here, i desperately hanker to own a CGT. someday.
I disagree that the CGT's lack of race history will not make collectors pay up. How many cars out there that are solid collector items with out race history? The 959 with all its maintenance/repair issues still trades for not much higher than what buyers paid in the mid 80's for them. The 8 that were built in the early 90's are the most desirable and trade for more. With just 237 original variants that were build the low production numbers will always help the 959's value. The CGT numbers will always hurt its value with 1270 built. At the end of the day the low production numbers tend to be one of the most important ingredient in the complicated formula we use to determine the car's collectability. Geno
CGT The car made for an event. No screwing around - all business! I have been looking for one for over a year and will eventually pull the trigger and most likely burn the clutch hit something and still feel it was the driving day of my life.
The first thing a poser car has is a missing third pedal. Posers don't spend big money buying a Porsche as they rather do that on a Ferrari F1 optioned car or Lamborghini E-gear or the latest thing coming out, for example the no history new McLaren, lol... The engine on the Carrera GT alone makes for a lot of racing history or heritage.
