Did They Pay Up For This BRIGHT 992 Turbo S Cab.?

Good Morning! Well, at least the market didn’t slide any further yesterday and we had a new twelve-month high, but it wasn’t what it seemed. More on that below in today’s Spotlight.

I’ll tell you what is growing though, this newsletter. Welcome to all of the new subscribers that have joined in the last few days. It’s great to have you here!

THE MARKET

Sell-Through Rate (STR): 64%
Market Volume ($): $735,274
Market Volume (Units): 14

TOP SALES

2023 Porsche 911 Turbo S Cab. $280,000 Bring a Trailer
1986 Porsche 911 Turbo Coupe $147,000 Bring a Trailer
1974 Porsche 911 RSR-Style Race Car $70,000 PCARMARKET
1990 Porsche 911 C2 Cab. 5sp $57,155 Bring a Trailer
2015 Porsche Cayman GTS $55,500 Bring a Trailer

SPOTLIGHT

While the interior of this 2023 911 Turbo S Cabriolet might not be for everyone, it was for someone with “Lambo” in their username as the interior will definitely draw attention in South Beach. Jokes aside, today’s Spotlight car sold well, or did it?

The market for 992 Turbos has been in a decline over the last twelve months as these cars have started to behave more like pre-owned cars did pre-pandemic, they’ve been depreciating and selling below MSRP. First delivery cars were bringing over MSRP in the first six months of 2022 but have been below as of late.

The base MSRP for Turbo S Cabs in 2022 was $228,900 but this example has around $50k in options including the $10,680 paid for Exclusive Manufaktur Leather in Riviera Blue and $6,150 for the 911 SportDesign Package giving it a total MSRP of almost $280k. Our Spotlight car though sold right around MSRP at a high bid of $280,000.

At $280,000, this car is a new twelve-month high, but when you look at the mileage, only 87 miles, it is a new all-time low for delivery mileage cars. Add to the fact that this car is highly optioned through Exclusive Manufaktur, I”d have to say this one was well bought… at least until mileage and another dose of depreciation hits.