18 May
Maverick Marktpreis is proudly sponsored by:Maverick Marktpreis: COVID & the Porsche Marketby Peter WenThis pandemic crisis hit us like a ton of bricks. Thestock market crashed. Most of us are under stay-at-homeorders. What does this mean for the Porsche market?Well, like most complicated things in life, it depends.Porsche new car deliveries fell 20.2% YoY during thefirst quarter. Per Manheim Auction, pre-owned prices acrossall automotive brands have fallen 10% in recent weeks.However, Bring A Trailer (BAT), a popular Porsche auctionsite, reported its heaviest traffic day and week ever in April.On May 3, BAT had 52 Porsches for auction, compared to32 Porsches back on April 3, a 62% increase. Even with theinflux of P-cars for sale, hammer prices have been mostly inline with the Excellence price guide. No Porsche fire sale here.1974 911 TargaSold for $28,000, $1,400 buyer fee95k miles Shown, TMU2.7L Flat SixFive-Speed ManualGuards Red / Black LeatherA recent Haggerty article by John Wiley providedgreat insights into how various factors impact theclassic car market. For example, the stock market andunemployment may influence the sub-$100,000 classiccar segment greatly, but they matter little for the Concoursd’Elegance $1M+ gems. The article concluded that, shortterm, there’s no reason to sell. Instead, it might be a goodtime to buy.Well, there you have it. Start pouring over thoseclassifieds and see what you can find. To get your thinkingjuices flowing, below is a list of recent sales, over the firsthalf of April. From second-gen 911 to 987 Cayman S,and everything in between, all sold for under $30k.Modified 2002 Boxster SSold for $17,000, $850 buyer fee48k miles3.4L Flat-SixSix-Speed ManualGuards Red / Black / Black1978 911SC TargaSold for $27,700, $1,385 buyer fee159k milesBlack / Black3.0L Flat-Six915 Five-SpeedBlack / Black2002 911 Carrera 4SSold for $29,250, $1,463 buyer fee55k miles3.6L Flat-SixSix-Speed ManualArctic Silver / Black1983 944Sold for $7,300, $365 buyer fee40k miles Shown, TMU2.5L Inline-FourFive-Speed ManualGuards Red / Tan2004 Cayenne TurboSold for $26,200, $1,310 buyer fee7k milesTwin-Turbo 4.5L V8Six-Speed AutomaticLapis Blue Metallic, Sand Beige Leather1989 928 S4Sold for $26,000, $1,300 buyer fee66k miles Shown5.0L DOHC V8Four-Speed AutomaticLinen Grey Metallic / Maroon2007 911 Carrera SSold for $28,350 + $1,418 buyer fee81k miles3.8-Liter Flat-Six6-Speed ManualArctic Silver / Black Leather1992 968 CabrioletSold for $16,212, $811 buyer fee64k miles3.0L DOHC Inline-FourSix-Speed ManualCoral Red Metallic / Cashmere / Black2007 Cayman SSold for $24,501, $1,225 buyer fee40k miles3.4L Flat-SixSix-Speed ManualGuards Red / BlackAt Hagerty, our love for cars and their owners drives ourbusiness forward, allowing us to offer you betterclassic car insurance coverage for less.19