A customer is considering a purchase of a 991.1 or 991.2 GTS (plus a couple of other options), and requested our opinion on price changes over the past 12 months, and whether now was a good or bad time to buy
Last updated: May 2021
Unsurprisingly, along with many prestige cars, prices are sky-high right now due to lack of supply (in particular new car deliveries) x plenty of demand (low interest rates, missed expensive holidays etc).
Looking at some data (comparing 6 month periods May 2020 - Oct 2020 vs Nov 2020 to May 2021) we discovered some surprising facts about Porsche 911 GTS prices in Australia;
991.1 Carrera GTS - Increased in value $12k - $15k:
991.2 Carrera GTS - Increased in value $10k - $15k:
991.2 Carrera T - Big increase in value of $26k - $38k:
991.1 Carrera 4S - Held value:
Considering the cars above are all reasonably new, and in normal scenarios certainly shouldn’t be at the bottom of their depreciation curve - yet most have increased or held their value in the past year. With some seeing significant appreciation (taking into account mileage).
It’s hard to predict where prices will go from here, but it does seem like it might be the top of the market. The best advice I have been told, is to buy the car you love when it comes available, in particular if you are not purchasing as an investment but as something to drive and enjoy.
For more examples of average prices please visit our new Price Guides.
To get started, all you need to do is tell us a little about your car. We will then let you know our valuation (a recommended listing price) for the car, along with a no-obligation quote from Summon for our concierge services.