The answer depends on the Porsche in question and who you ask. A few months ago I wrote an article about a 928 GTS that sold for the record price of $92,500. This represented a premium of $7,000 above it’s original selling price. Not huge, but gigantic when compared to its lesser priced contemporaries (the 928S, S2, S4, 928 GT, etc.).
Last April, Michael Willhoit told me, “I believe in the 928 and have done everything in my power to keep the car in the public eye and help people to appreciate their true value.” Well, just this week, he made good on that statement for the second time this year when another super low mileage 928 GTS he sold set a record sales price of $103,500 (almost $20k more than the original sticker)
Built in 1995, this newer 928 is a year younger than the first GTS mentioned above, has the same low mileage (6k) and is in the type of condition you would expect for that kind of premium; AS NEW!
While not all Porsches are recession proof, certain models are definitely holding their value better than others (such as the 930 and 993 series). While others, like the two 928s mentioned above, are appreciating at a fantastic rate. As I’ve said before, the market might be soft, but good, clean cars are still hard to come by and people still pay for quality and exclusivity.
What other models do you think will see appreciation over the next few years? Personally, I think a rust free 914 would be a great buy right now.
Related Posts
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Porsche 928 as an Investment
The Three Most Common Myths about the Porsche 928
[Source: Willhoit Enterprises]
