The GT Market Has Flipped On The Flippers

October 29, 2022

Another week, another delivery mileage GT car fails to sell.

It wasn’t so long ago that this 992 GT3 Touring would have sold for $300,000 if not more. But the winds are changing. Earlier this year every brand-new GT3 that came to market hit eye-watering reserves and flipped into new homes. But in the last month alone, only 3 out of 13 992 GT3s have sold for a very low sell-through rate of 23%.

This particular car that failed to sell yesterday on Bring a Trailer had an “interesting” interior to say the least. Probably not indicative of the reserve that was over $300k. To be honest, I’m surprised it went that high as other cars have not met reserves well below $300k bids.

There are going to be some very sad flippers out there who are in these GT3s for more than their worth if they had to pay the $100k+ overs some dealers were getting. Those with great dealer relations who most likely got their cars at MSRP will more than likely hold on to their GT cars, enjoy them, and then trade them in to their dealer for the next great thing.

Personally, I can’t wait for the flippers to take an “L”.