Printable View
I have a 1972 Porsche 911T that I got an offer for way more than I paid for it. Not selling.
I have a 2020 Porsche 911 that my dealer is trying to buy back. Not selling.
You guys have seen it in the market. I think it is temporary up-tick in the market and not a long term opportunity. Sell it today if you are a short-time owner.
I think the car market will follow the stock/bond market.
I'm seeing the same. Giving some thought to whether I should sell my '72T coupe, and what I'd buy to replace it if I did. Hard call right now. While I mull it over, I'll be taking it on a spirited club drive next weekend. We'll see how I feel about selling after a few hundred miles of fun...
Porsche, value investing vs. Coke..
Attachment 558589
It is a product of a weakening currency; hard asset values go up because it takes more dollars to buy them. The cause is the expanding money supply.
With regard to your 2020, dealers are being given allocations for 'sports cars' (they seem to have an endless supply of electric stuff and other 4 door models) as if they were rare coins. Dealerships are virtually empty of sports car inventory, so they are paying a premium for late model 911s and selling new cars for at least MSRP with the GT models typically marked up by multiples of $10K.Quote:
Originally Posted by Vintage Racer
Sorry, I get it as KO (they sell more than soft drinks).Quote:
Originally Posted by 62S-R-S
You are saying that the big FANG stocks with their high values will do better over the next 5 years than a value stock that pays a qualified increasing dividend? It seems you are looking in the rear-view mirror?
Not so much Fang, but I tried to portray porsches over the long haul, as similar to owning a growth stock, that even if prices did pull back sharply, as Coke did in '20, you see what happened..Quote:
Originally Posted by Vintage Racer
At some point the lower price creates a buzz to institutions and others that may have money underperforming, and the quality of the company appears attractive to them at bargain levels. In the same way Hagerty could announce next year that '71 - 73 cars have fallen dramatically, but is that likely to mean much 3 - 5 years down the road ?