WHY PORSCHE 992 GT3 RS PRICES ARE CRASHING...

WHY PORSCHE 992 GT3 RS PRICES ARE CRASHING...

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[jimsteinway]

I’m a GT3 guy I’ve owned 3. I refuse to get a new one because the dealers are out of their minds. $75, 000 over is what they quoted me when the 992 came out. After 8 Porsches I’m done and I’ll drive something else until they recover their minds . A GT3 is not worth $200, 000 and up. It’s just not
I bought a LOADED 2007 gt3 with PCCBs for $120, 000

[philipapplebywestdowntradi]

Range Rover, M5, 911 Turbo, 7 Series etc have always lost huge money in the first 12 months due to massive dealer discounts. M5's were £25k off pre-Covid. People have forgotten this since the Covid spike uplifted values so greatly due to lack of new car production and therefore no discounts. Now we are back in the real world!

[Nord_Mann]

Why would one expect the GT3RS to keep it’s value? There are numerous iterations of GT3RS and more incoming. The GT4RS on the other hand is never to be repeated

[peterbest]

Generally if you can comfortably afford to buy a GT3RS you can afford not too worry if it does what the majority of cars do and depreciate

[mountain_walker]

Modern cars are starting to lose their appeal. So many people buying cars from the 90’s and 00’s now. That’s where the market is going to be soon.

[rupertm]

Good. I hope those who ordered to flip are taking huge baths!

[HrvojeK]

Oh, what a surprise that used luxury cars are depreciating It's not crashing, it's reality check.

[TheMostSmokeCrew]

Car market is weird in the US right now. Cars are priced high but many people don’t have the money to purchase. Hard to know where the market is headed

[tbtb]

Prices are crashing all the way to 100K over original MSRP. Ohh what shall we do…

[leecornwall]

There not crashing they where massively overpriced now there coming to there true value

[human-mqzm]

In the U.S. the market is definitely softening, albeit still over MSRP. Over the past month I've seen fall build allocation for 75K to 100K over.

[Metal]

If a gt3 could drop to about £80k, I’m in.

[wlopezmendez]

Because people with too much money were overpaying ridiculous amounts for them.

[colinhardy]

Interesting stuff from someone who knows what they’re talking about. I have perhaps a different attitude to buying cars though. I buy them like I’d buy a tv or a fridge - ie I find the car I want and can afford, pay cash for it and expect to hang on to it. I couldn’t care less about depreciation as I’ve written the money off in my mind.

I’m sure that’s not right for everyone but it works for me.

[darwill]

Unless your buying older vintage i think your lose money in todays market . Cars are being released to quickly and overloading the market. Especially the sport saloon and touring models .

[SuperCatbert]

the last 5-6 years have been an aberration. Porshces and ferraris used to be cheap and will be again. A 70k out of warranty BMW is a misnomer. Nobody is buying those cars anymore. Irs are 5%, and companies are going bust left and right. Add in the massive complexity and difficulty in working on those cars, and I just dont see how a 3 year old X5M is worth a penny over 40. And im being generous.

[captainphillips]

I’ve been in this game long enough. Reality, it’s ended. There is no way in the next decade anyone will make money on GT3 or GT. not enough cash, you all buy cars on finance, good whilst it lasted. Tough dog dirt.

[Madeinlondon]

Those GT3’s are Fugly. Given the choice I would prefer a 911 Turbo S any day of the week.

[richardlabeja]

Face Lifts drive prices of last year's cars down. The introduction of the 992.2 will bring down prices of 992.1 models.

[detonator]

They have made over 8K 992 GT3 models. EIGHT THOUSAND. Compare that to 964 RS, 964 Turbo 3.6 Leichtbau, 993 RS, 993 Turbo S and 993 GT2. They made just a few hundred each. No wonder those hand built cars will always be exclusive and super desirable. And great investments too. 992 is a mass produced car and they ruined the whole GT value thing by building way too many of them. Not to say that takes anything away from the car which is incredible but how do you think that kind of mass produced car is an "investment"? That's just nuts and tells how clueless people who buy these as "investments" are. Just enjoy the amazing car and forget about the whole "investment" bubble crap.