Sales de­bate

Are 964 prices overly in­flated right now?

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Browse the used 911 mar­ket and you’ll find lots of ex­am­ples for sale right now. From early im­pact-bumper cars right up to 991s, there’s a lot to choose from. De­spite this, how­ever, val­ues haven’t slumped much lower after a slight drop at the start of 2018. With many cars hang­ing around in clas­si­fieds list­ings, this has lead to some sug­gest­ing clas­sic val­ues are cur­rently over­heated. This could be es­pe­cially true of the 964: the 964-gen­er­a­tion of Car­reras have stuck stub­bornly close to 993 val­ues for some time now, de­spite the later 993 of­fer­ing a car which has a vastly im­proved sus­pen­sion and, most would say, a bet­ter over­all driv­ing ex­pe­ri­ence. So does the 964 mar­ket cur­rently have a lot of hot air in it?

Marc El­gar, sales man­ager at Porsche Cen­tre Portsmouth, doesn’t be­lieve so, point­ing to the fact that once again the clas­sic mar­ket is on a crest of a wave in pop­u­lar­ity. He says: “Older mod­els have had a real resur­gence lately. The 964 and even the 996 have seen sig­nif­i­cant value rises in the last few months. Prob­a­bly helped by the warm weather and a dis­tinct lack of new 911s avail­able, there’s a real air of en­thu­si­asm around the clas­sic stuff right now. I think val­ues are here to stay.”

It’s a view broadly shared by an­other Porsche ex­pert re­sid­ing on the UK’S south coast, Philip Raby. “To­day 964s are hot prop­erty; peo­ple ap­pre­ci­ate their more clas­sic looks, com­bined with a rel­a­tively mod­ern driv­ing ex­pe­ri­ence. Also, there’s an ar­gu­ment – which I agree with – that the 964 is a more fun car to drive. It feels rawer and more in­volv­ing than a 993, which seems tame in com­par­i­son. I’d go as far as to say the 964 is one of my favourite 911s,” he says, ad­dress­ing the 964 ver­sus 993 de­bate di­rectly.

“One rea­son that 964 prices are up with 993s now is that it’s much harder to buy a de­cent 964. Porsche didn’t pro­duce as many and a lot have been ne­glected. Good Car­rera 2s in par­tic­u­lar are like gold dust. Be­cause of all this I re­ally don’t be­lieve that 964 prices are too strong. If any­thing, they will go up, long term. They re­ally are that good!”

It seems that the 964 is a good ex­am­ple of the clas­sic car mar­ket at large: not only are th­ese in­flated prices de­served, they are here to stay.

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