So will the value of CGT's Rise now ?
#1
So will the value of CGT's Rise now ?
The Most Successful Supercar in History
An offshoot of Porsche’s racing program and a technological tour de force, the 605-horsepower Carrera GT is a carbon-fibered symphony of speed.
The manufacture of the most successful supercar in history has come to an end. Production of the Carrera GT at Porsche’s facility in Leipzig, Germany, concluded on Saturday, May 6, 2006, bringing to a close the latest series in a line of ultra-exclusive and ultra-performing automobiles from Porsche.
In its brief production run, and befitting its ethereal performance, the award-winning Carrera GT was named “Best Dream Car 2004” by Road & Track magazine, and “Best Dream Machine” by the popular MotorWeek television program in 2005. “Even a short ride in this carbon-fiber wonder-car will spoil you for the rest of your life,” said MotorWeek host John Davis. “The Carrera GT is the best motivation to get rich that we’ve ever driven.”
An offshoot of Porsche’s racing program and a technological tour de force, the 605-horsepower Carrera GT is a carbon-fibered symphony of speed.
The manufacture of the most successful supercar in history has come to an end. Production of the Carrera GT at Porsche’s facility in Leipzig, Germany, concluded on Saturday, May 6, 2006, bringing to a close the latest series in a line of ultra-exclusive and ultra-performing automobiles from Porsche.
In its brief production run, and befitting its ethereal performance, the award-winning Carrera GT was named “Best Dream Car 2004” by Road & Track magazine, and “Best Dream Machine” by the popular MotorWeek television program in 2005. “Even a short ride in this carbon-fiber wonder-car will spoil you for the rest of your life,” said MotorWeek host John Davis. “The Carrera GT is the best motivation to get rich that we’ve ever driven.”
#2
I don't think so. Over 1000 made. No racing history. Cars that appreciate in value faster than upkeep, insurance, and opportunity costs are far and few between.
I predict they will sell for quite a bit less in the next few years. Maybe even half MSRP 5-10 years out.
Just my thoughts. For comparison look at a Ferrari 550 barchetta, Aston Vanquish, etc.
I predict they will sell for quite a bit less in the next few years. Maybe even half MSRP 5-10 years out.
Just my thoughts. For comparison look at a Ferrari 550 barchetta, Aston Vanquish, etc.
#3
Many are getting wrecked and it's extremely hard/expensive to fix body damage. However, over 1/2 of CGTs are in US so there is plenty of volume (similar to F40). IMO, it won't be a collector item and wise investment for even another 10 yrs. It's a great car to be enjoyed and driven. Awesome performance/sound/presence.
#6
I wonder if they will break the 200K barrier? Cars that are expensive to fix can really drop like a stone. Look at a 6 year old V12 S class or CL. Those went for 100+, and can now be had for about 1/3rd. How many CL600's or CL55 were made? Look for the SLR to drop too.
#7
I think for another couple of months the price will continue to drop. And then it will hit a point and wont decline anymore, roughly around 300k? and then i think the price will slowly rise again.
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#8
Originally Posted by Stephan
I think for another couple of months the price will continue to drop. And then it will hit a point and wont decline anymore, roughly around 300k? and then i think the price will slowly rise again.
#11
Originally Posted by Trundle997
A car is a depreciating asset...
US dealers are still sitting on quite a few 75+ and flooring costs are killing them.
US dealers are still sitting on quite a few 75+ and flooring costs are killing them.
#13
Originally Posted by brnsrgn
I don't think so. Over 1000 made. No racing history. Cars that appreciate in value faster than upkeep, insurance, and opportunity costs are far and few between.
I predict they will sell for quite a bit less in the next few years. Maybe even half MSRP 5-10 years out.
Just my thoughts. For comparison look at a Ferrari 550 barchetta, Aston Vanquish, etc.
I predict they will sell for quite a bit less in the next few years. Maybe even half MSRP 5-10 years out.
Just my thoughts. For comparison look at a Ferrari 550 barchetta, Aston Vanquish, etc.
First off the 550 was just an extremely over price version of a car that didn't do well from the beginning. The Vanguish isn't even in the same league. Thats like comparing the depreciation of a citation to a gulfstream.
The cars will probably drop a little bit more, but I doubt it will dip much below 300k for a car with less then 5000 miles in good condition. I say this fall/winter you could steal one from a dealer if you play your cards right.
#14
I chose the Barcetta and Vanquish based upon production numbers. The CGT has hardly been a success if plenty of new ones are still sitting on dealer floors, so in fact it has much in common with the Barcetta which I think had a production run of about half the CGT. Performance is just one part of what makes a car valuable, or "an appreciating asset". 7 years from now if Porsche has another "supercar" why will you want a CGT. For that matter the next GT2/GT3 (after the 997 variants) is likely to eclipse the CGT's performance. Why would you by the CGT?
Since the average Porsche keeps 50% of its value (which is considered excellent) at 5 yrs, my guess is the CGT will do a little better than that.
When considering the F40 as a comparison, remember it has a number of unique qualities. It was an immediate success, they made almost 3x as many as they announced they would make. They were sold out, not floundering on dealers floors. The last supercar designed in part by Enzo himself. Even with all that, F40 prices have only recently trended up.
Yes the CGT is an awesome car, but it is now a used one.
Since the average Porsche keeps 50% of its value (which is considered excellent) at 5 yrs, my guess is the CGT will do a little better than that.
When considering the F40 as a comparison, remember it has a number of unique qualities. It was an immediate success, they made almost 3x as many as they announced they would make. They were sold out, not floundering on dealers floors. The last supercar designed in part by Enzo himself. Even with all that, F40 prices have only recently trended up.
Yes the CGT is an awesome car, but it is now a used one.
#15
Originally Posted by brnsrgn
I chose the Barcetta and Vanquish based upon production numbers. The CGT has hardly been a success if plenty of new ones are still sitting on dealer floors, so in fact it has much in common with the Barcetta which I think had a production run of about half the CGT. Performance is just one part of what makes a car valuable, or "an appreciating asset". 7 years from now if Porsche has another "supercar" why will you want a CGT. For that matter the next GT2/GT3 (after the 997 variants) is likely to eclipse the CGT's performance. Why would you by the CGT?
Since the average Porsche keeps 50% of its value (which is considered excellent) at 5 yrs, my guess is the CGT will do a little better than that.
When considering the F40 as a comparison, remember it has a number of unique qualities. It was an immediate success, they made almost 3x as many as they announced they would make. They were sold out, not floundering on dealers floors. The last supercar designed in part by Enzo himself. Even with all that, F40 prices have only recently trended up.
Yes the CGT is an awesome car, but it is now a used one.
Since the average Porsche keeps 50% of its value (which is considered excellent) at 5 yrs, my guess is the CGT will do a little better than that.
When considering the F40 as a comparison, remember it has a number of unique qualities. It was an immediate success, they made almost 3x as many as they announced they would make. They were sold out, not floundering on dealers floors. The last supercar designed in part by Enzo himself. Even with all that, F40 prices have only recently trended up.
Yes the CGT is an awesome car, but it is now a used one.