968s in Autotrader
#1
Posted 13 September 2010 - 04:14 PM
http://www.autotrade...m=1284422864712
I wonder if this data base is updated daily..or at least each week
A few really low mileage ones, as well as a couple of optimistic asking prices , but we covered all that in another thread..
#2
Posted 13 September 2010 - 05:48 PM
#3
Posted 14 September 2010 - 06:10 AM
#4
Posted 14 September 2010 - 06:15 AM
#5
Posted 14 September 2010 - 06:40 AM
Bill
#6
Posted 14 September 2010 - 08:54 AM
#7
Posted 14 September 2010 - 11:49 AM
Simple average asking price (Feb. 2008 vs Sep. 2010)
2008: $16,898
2010: $15,429
Simple average on mileage
2008: 76,062
2010: 76,995
Asking price vs. mileage, this one is all of the cars for sale in Feb. 2008 vs Sep. 2010:
Untitled.jpg 46.81KB 3 downloads
Here is an update on prices for cab vs coupe:
Untitled2.jpg 35.44KB 1 downloads
Here is an update on price vs year (is skewed by a couple of high priced '92s):
Untitled3.jpg 24.02KB 0 downloads
Conclusions (my rough suggested conclusions):
- prices are steady, not going up or down. The 2010 examples shows some great values (pink squares below the curve in the $13K-$15k range)
- these cars are not being driven much, mileages aren't going up very much).
- relationship of mileage to price is about the same as before. This suggests that 968 values are still driven by "normal car" attributes, i.e. there isn't really an influence that 968s are so special that mileage becomes a secondary consideration. There is a small suggestion in the data that low mileage cars can be had for less $ in 2010 (may not be statistically significant).
- still no real difference between cap and couple values. The common folklore is that cabs are worth more, but the data for both 2008 and 2010 doesn't support that.
- the year of car has no influence on price.
Other thoughts?
Roland
Here is the data file XLS in case anyone wishes to do more fiddling (or hire me to analyze their business )
valuation_1009.xls 218.5KB 1 downloads
#8
Posted 14 September 2010 - 12:28 PM
#9
Posted 14 September 2010 - 02:54 PM
What's the X-axis on 2nd graph?
General disclaimer on the Autotrader data as a source. You can buy a "until sold" ad, which will inevitably skew the database towards cars that have sold and are still up there. During my recent search a couple were either sold or not really for sale - e.g. "for the right price I'll sell it but I really am not motivated to move it"
And clearly the biggest caveat is that this data reflects asking price, not selling price. Based on what I saw both as a buyer and seller in this market not too long ago is that you can adjust by 20%-25%, pretty much all along the curve.
#10
Posted 14 September 2010 - 03:05 PM
And clearly the biggest caveat is that this data reflects asking price, not selling price. : Absolutely, no question, these are asking prices, many are probably 10-25% over the eventual sales price. (I got mine for 30.7% less than asking price).
I would love to get data about 1. time on the market, and 2. actual sales price.
Would also be interesting to see if features can be correlated to price in some believable way, correcting for mileage: tip vs 6-speed, color, performance parts, car location. etc.
Roland
#11
Posted 14 September 2010 - 04:06 PM
oh, it's about market demand... never mind !
#12
Posted 14 September 2010 - 09:18 PM
I went to pick up my daughter tonight in the 968 and there was an "old" MGB cab at the stop light. He was foolish enough to temp me by revving his engine (well what passes as an engine), but there was still a certain "charm" to that car because it was a cab! I always tell my daughter how lucky she is to get to ride in Porsche at 13 on a regular basis! And a "cool" cabriolet to boot!
#13
Posted 15 September 2010 - 04:55 AM
Regards,
Jay
#14
Posted 15 September 2010 - 05:54 AM
#15
Posted 15 September 2010 - 06:15 AM
#16
Posted 15 September 2010 - 06:16 AM
I would also guess that Cabs average lower mileage and better condition than coupes because they are more frequently used as "toys".
JMHO,
Jay
#17
Posted 15 September 2010 - 06:31 AM
cabs do tend to be lower mileage, as indicated, largely because they tend to be more "toys" than commuters
condition depends on the owner - cab interiors tend to be in worse shape earlier than hardtop interiors, due to more exposure to the sun
#18
Posted 15 September 2010 - 07:11 AM
whereas coupes are a bit more dated.. but not by much, especially since in the last year or two, damn near half of the sports cars out there are coming out with hatchbacks. Yeah, baby !!
Ok, all that cab love tribute aside, I still would not drive one or much less pay more for one than I would for a coupe. Different strokes..
#19
Posted 15 September 2010 - 07:23 AM
#20
Posted 15 September 2010 - 07:41 AM
I would buy a cab for 15K+ but if it was a tip you would have to discount it to sell it to my ilk. I am still of the mindset that a sports car IS a manual, heal and toe or no go - call me old (fashioned)
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