High Porsche Values Aren't Going Away Anytime Soon. 5 reasons Porsches 911 values won't be dropping
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 Published On Nov 19, 2023

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Over the past few weeks there has been a growing number of people saying that Porsche 911 values are about to start plummeting, so if you have a 911, you better sell it immediately. Now, I wish this were true, because there's a few porsches that I would love to own but can't afford, but we won't be seeing anything more than a minor dip in 911 values in the foreseeable future. 

Now these Porsche depreciation alarmists are giving us 4 reasons why they think Porsche values are about to plummet, and they are: 
Dealerships treating customers poorly 2 911s aren't selling well at the moment

Loans for cars are becoming more expensive
and, Some used car prices are being reduced

In this video we're going to look a little deeper into these 4 reasons and talk about why they don't signify an impending Porsche value crash, and then I'm going to give you 5 reasons why the Porsche market is going to remain strong. 

The first reason for depreciation referenced, is that Porsche's dealerships don't treat their customers well, and this is absolutely true. When I first started driving porsches I was pretty surprised at how horrible the service at porsche dealerships is, infact, I could make an entire video about all of the bad experiences I've had at Porsche dealerships.

Now I'm sure that some of Porsches high end customers receive excellent treatment, but when it comes to the average customer such as myself, there's no shortage of unhappy people. 

But poor dealership experiences are irrelevant to Porsches sales, because demand for 911s is so high that it makes no difference how the dealerships treat their customers. 

Infact, it's probably the case that high demand for 911s is the reason that dealerships no longer bother going out of their way to provide good service to their customers.  

And just to give you an example of how poor customer experience doesn't affect sales, there's several dealerships that I would never get my car serviced at, but when the last GT3 was first announced, you can be sure I was calling each one of them trying to get an allocation.   

The next reason given for an upcoming drop in porsche values is the slow sales of 2 particular cars. 

There's a you tube video that's gotten a huge amount of attention that claims slow sales of two cars is a sign that all porsches are going to drop in value. But it's not great logic to say two cars aren't selling well at the moment, therefore all porsches are going to drop in value. 
I mean, you wouldn't say that because ferrari Californias and 488s aren't selling well at the moment, that all ferraris are about to drop in value. You would probably say that the ferrari California isn't selling well because it's an unattractive car that offers poor performance for the money, and that the 488 isn't selling well because ferrari's customers are much more excited about the SF90 and 296. 

The 2 slow-selling Porsches referenced in the video are the 991.1 GT3 and the 992.1 Turbo S, but only in the UK. 

Now the 991.1 GT3 is the least popular GT3 ever made. These are the cars that have engines that catch on fire, and this is the only GT3 ever made that doesn't have a manual transmission option. 

it's is also considered the least enjoyable GT3 to drive, and since it's introduction 10 years ago, Porsche has produced much more desirable track focused cars, such as the 991.2 GT3, the 992.2 GT3, the 981 GT4 and 718 GT4, and the GT4 RS.

So while prices for the 991.1 GT3 may have dropped to 140k, if you were to purchase it's predecessor, the 997.2 GT3, you would need to spend at least 200k to get one. And used examples of the 992 GT3 are still selling for way above sticker.   

The other car referenced in the video was the 992.1 turbo S, but only in the UK.
Now this is kind of a unique phenomenon that is not happening with any other 911 anywhere else in the world. As the Youtuber pointed out, there are several examples of brand new cars that dealerships are having trouble selling, but in America, not only are there no new examples of 992.1 Turbo Ss for sale, the used Turbo Ss in America are selling for more than the new Turbo Ss are in the UK. 
This is a very unique case where Porsche misanalyzed the market, and sent way too many Turbo Ss to Europe and not enough to America. Because you could literally take those exact same brand new Turbo Ss in europe, bring them to America and sell them for way more money. 
So basically, these UK examples aren't selling well because somebody somewhere screwed something up.

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