Market Report

Young Buyers Fueling the Porsche Market

New Generation Spending Money on Porsches

Posted: October 24, 2016 9:00 am
by Andy Reid

After looking through the sales from Silverstone Auction’s Porsche Sale on Oct. 15, it occurred to me that there are some noticeable Porsche-specific trends occurring in the market.

Late-model 911 cars, the 964 series, 99 series and later is a moving market with prices, especially for special cars such as the GT3 and such continuing to increase in cost. This is likely due to two things. First, younger buyers entering this market with new money wanted these cars when they were new and can now afford to buy them.

Second, and as important, a more modern 911 is an immensely usable car that can be driven to work as easily as to a club event. They are fun to drive and easy to own, making them a perfect collector car for the new generation.

It is a lot easier to find a really nice early 911 than it is to find a 944, 928 or 968 in similar condition. This segment of the market is growing quickly and likely will continue to do so. If you have always wanted one of these cars, find the best example of a low-mile car you can, and buy it now.

Older 911 cars are likely to stand on their current values forever, but not likely to see the huge spikes of a few years ago. Porsche built a lot of 911 cars over the years, and the days of $250,000 early long hood 911 cars in Sepia (hang around brown) we can only hope are over.

Finally, the water-cooled front engine cars bear comment. These cars were fantastic when new, offering modern conveniences, great build quality and good performance. As a result, many were driven into the ground. It is a lot easier to find a really nice early 911 than it is to find a 944, 928 or 968 in similar condition. This segment of the market is growing quickly and likely will continue to do so. If you have always wanted one of these cars, find the best example of a low-mile car you can, and buy it now. These cars are an important part of Porsche history, including racing success, and are no longer being ignored.

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