Slipstream - June 2020

Maverick Marktpreis is proudly sponsored by:
Maverick Marktpreis: COVID & the Porsche Market
by Peter Wen
This pandemic crisis hit us like a ton of bricks. The
stock market crashed. Most of us are under stay-at-home
orders. 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 the
first quarter. Per Manheim Auction, pre-owned prices across
all automotive brands have fallen 10% in recent weeks.
However, Bring A Trailer (BAT), a popular Porsche auction
site, reported its heaviest traffic day and week ever in April.
On May 3, BAT had 52 Porsches for auction, compared to
32 Porsches back on April 3, a 62% increase. Even with the
influx of P-cars for sale, hammer prices have been mostly in
line with the Excellence price guide. No Porsche fire sale here.
1974 911 Targa
Sold for $28,000, $1,400 buyer fee
95k miles Shown, TMU
2.7L Flat Six
Five-Speed Manual
Guards Red / Black Leather
A recent Haggerty article by John Wiley provided
great insights into how various factors impact the
classic car market. For example, the stock market and
unemployment may influence the sub-$100,000 classic
car segment greatly, but they matter little for the Concours
d’Elegance $1M+ gems. The article concluded that, short
term, there’s no reason to sell. Instead, it might be a good
time to buy.
Well, there you have it. Start pouring over those
classifieds and see what you can find. To get your thinking
juices flowing, below is a list of recent sales, over the first
half of April. From second-gen 911 to 987 Cayman S,
and everything in between, all sold for under $30k.
Modified 2002 Boxster S
Sold for $17,000, $850 buyer fee
48k miles
3.4L Flat-Six
Six-Speed Manual
Guards Red / Black / Black
1978 911SC Targa
Sold for $27,700, $1,385 buyer fee
159k miles
Black / Black
3.0L Flat-Six
915 Five-Speed
Black / Black
2002 911 Carrera 4S
Sold for $29,250, $1,463 buyer fee
55k miles
3.6L Flat-Six
Six-Speed Manual
Arctic Silver / Black
1983 944
Sold for $7,300, $365 buyer fee
40k miles Shown, TMU
2.5L Inline-Four
Five-Speed Manual
Guards Red / Tan
2004 Cayenne Turbo
Sold for $26,200, $1,310 buyer fee
7k miles
Twin-Turbo 4.5L V8
Six-Speed Automatic
Lapis Blue Metallic, Sand Beige Leather
1989 928 S4
Sold for $26,000, $1,300 buyer fee
66k miles Shown
5.0L DOHC V8
Four-Speed Automatic
Linen Grey Metallic / Maroon
2007 911 Carrera S
Sold for $28,350 + $1,418 buyer fee
81k miles
3.8-Liter Flat-Six
6-Speed Manual
Arctic Silver / Black Leather
1992 968 Cabriolet
Sold for $16,212, $811 buyer fee
64k miles
3.0L DOHC Inline-Four
Six-Speed Manual
Coral Red Metallic / Cashmere / Black
2007 Cayman S
Sold for $24,501, $1,225 buyer fee
40k miles
3.4L Flat-Six
Six-Speed Manual
Guards Red / Black
At Hagerty, our love for cars and their owners drives our
business forward, allowing us to offer you better
classic car insurance coverage for less.
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