Sales debate: How much further will Porsche 997 prices fall?
Like many modern, second-hand 911s, prices of the 997 base models have been falling ever since they left an OPC forecourt. However, the depreciation on both Gen1 and Gen2 variants is slowing up, so we went to two 911 specialists to find out how low 997 Carrera prices are expected to go.
“We can see where the 996 has levelled out,” Paul Robe, owner of UK specialist, Parr says. “People are picking up cars for around £10,000 (I know you can pick them up cheaper but they’re not really cars worth owning).
“I think we’re going to be seeing [997s], in my personal opinion, around £15,000. I think that would be for a 120,000-mile car [but] a nice example.”
Darren Street, Sales Manager at RSJ Sportscars, is even more optimistic about the 997’s staying power. “They’re losing, at the moment, less than ten per cent a year (probably seven to ten per cent a year).
“Good cars probably [will fall to] late teens, I would say, Gen1 cars. You are going to get some around the £15k-mark, but I think good cars – £17-18,000,” he explains.
Both Robe and Street agree that Gen2 prices are even stronger, something Street puts down to a lack of new cars bought during the financial downturn of 2008-09. “I’m selling them, today, for the same money I sold them at a year ago. A manual, ’09 car, with 30,000 miles is £40,000. PDK, probably another £3,000.
Robe feels they will eventually stabilise but, “slightly higher [than Gen1]. I think 10-15 per cent more.” It will take time though, with Street believing Gen2 prices won’t reach current Gen1 prices [c.£25,000] for another “seven or eight years”.