Thursday, September 15, 2011

Will the used porsche carrera and cayman drop after new Porsches are introduced in 2011?

I'm looking to buy a 2006+ Porsche Carrera or Cayman but only willing to pay somewhere in the 30k-40k budget. There's a lot of slightly used cayman in that range but the carrera is still out of my budget.


Is porsche going to introduce new styled Porsche in 2011? How much will the used porsche price drop by next year?|||Obviously, lacking a crystal ball and the ability to see the future, there's no way to give an accurate answer, though if you are asking about prior trends?



Cars devalue every year. Regardless of a new model coming, prices will always be less in a year given normal conditions. New models can and often do have an impact of used car values, but that impact is generally not felt until those cars are available used: that is, people looking at a new $75k Carrera will not car if an older Carrera they are not considering in any way whatsoever costs $55k or $45k. It's supply and demand.



Once the new models are availabled used though, it tends to make models that came before the cut-off less desirable, which means they will sell for less (at least in most cases, values of the 993 tended to go up some as the first 996 models came off lease as there was more initial interest in the older models than the newer).



We know very little so far about the new 998, which will replace the current 997 (the MY 2011 cars are already out... the 998 should appear in 2011, but most likely as a MY 2012 car). The more similar it is to the 997, the less likley there will be a dramatic change in value... chances are it will continue the evolution we've seen from the 996 to the 997, which means there will be a modest additional devaluation in the 997 values - which in turn will press downward on the 987 values, though this will be a fairly small effect as prices here are still a ways apart in most cases.



How much? Based on prior history, you're likely looking at an extra 1-2% downward change when the first 998s come off lease or hit the used market (probably half, or a little less than half that effect on the 987 market).|||The 2011 Porsche 911 Turbo S, GT2 RS, and newly introduced Cayman R are already out. The 2011 Carrera, Carrera S, Carrera 4, Carrera 4S, Cayman, and Cayman S will follow. Porsche has made many technical changes in most of these latest cars, including direct injection, center lock wheels (lug nuts are gone), availability of the seven speed PDK transmission, and use of the larger 3.8 litre engine in the already released 2011 911s. The 2011 Cayman R sports a larger, fixed rear spoiler, reduced weight, and higher red line.



Both the 911 Turbo S and the GT2 RS are special models, only built now and then and in limited quantities. The Turbo S in particular, usually hearkens back to the previous model (in this case, the 997), incorporating all of the refinements made over the model run along with maximum options bling. The new Turbo S coupe costs about $14,000 more than the last Turbo S, the 2005. That kind of price jump will help hold older car prices up.



The Carrera lineup for 2011 will probably incorporate the above mentioned mechanical changes and add new aero features, rumored to include "active" vents and even alterable front and rear aprons. The current base price, $77,800 for a simple 911 Carrera will rise. If it rises on the order of the Turbo S increase (to about $85,000 for a base Carrera), that will lessen the decrease experienced by used 996s and 997s. Note that, while Porschephiles are referring to this as the "998," Porsche is supposedly using the code designation 991 internally.



It's possible the Cayman R will be the Turbo S of Caymans. If this is so, look for changes to the standard Cayman and the Cayman S to include more power for the 265 HP Cayman, possibly direct injection, and slightly higher prices.



I don't think used prices for 997s will decrease much in the next year. Normally aspirated 996s will go down in price, as will used Caymans.

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