I"m just looking at the Hagarty estimates to start. I've heard many people say that the prices of 914s are going up. The Hagarty charts seem to disagree and say that the prices are flat for the last 8 years except for a bump around 2010.
http://www.hagerty.com/valuationtools/hvt/vehiclesearch/Report?vc=879762
I don't think they have enough comparables to track the 914s accurately enough.
Is there a better source for pricing trends aside from antidotal evidence?
I used the 1973 2.0 as sample as that seems to be held as one of the more desirable of the fours.
It used to rare to see a 914 over $15K, now there are many. Look at the 6 prices. I think the increasing popularity of a/cooled models is raising everyone's value.
Just this week, I renewed with Hagerty and raised the value a couple of thousand.
I agree, Len
http://classiccars.com/listings/find/all-years/porsche/914
Good info! Thanks.
My gut feeling is that, at least for "driver" cars, they over-state the value in their earlier estimates, and under-value the cars currently. But that's not based on real data, so...
--DD
I was happy until I looked up 1.8L values! If I can get my car to condition 3, then it might be a wash... So the question is more HP or a better looking car. I'll take the HP
I assume the "rising prices" that I've seen here must refer to people who bought longer than 8 years ago? Or are they talking about the increases in the rarer models such as the -6?
I think the prices right now are a bit over inflated at least on most of them. As someone who's "trying" to find a decent car, I'm seeing a lot of over priced unoriginal project cars being sold for silly money. Or at least being offered. None of it is moving as I've been seeing the same cars for sale over the past 6 months. So while some of these people are trying to ride the wave and cash in, I don't think they're being realistic with their pricing.
I looked at a "rust free" 1.8 in Sarasota for $16k. A) It was very rusty B) It was a 1.8 C) It had a lot of unoriginal parts to include wing, splitter, and wheels. That's just one example.
Then again, it's a win win for them. It sells for more than it should, win. It doesn't sell, they get to keep their car, win.
Can't blame them for trying
Case in point... Unless I'm missing something here, can anyone explain the asking price on this???
http://www.ebay.com/itm/Porsche-914-2-Door-1973-porsche-914-in-excellent-condition-/221489731141?forcerrptr=true&hash=item3391d11645&item=221489731141&pt=US_Cars_Trucks
pretty simple: its a dealer, its ebay, and its an asking price.
Hes already got 5 offers.
Looks like an pretty nice fairly original car.
No mention of a COA which Id expect for this level of car & price.
One thing to consider is that the inflated prices are just that- inflation. They're not worth more, it's the fact that the dollar buys less as time goes on.
Dave
I can see why Hagarty tracks auction prices and not classifieds as you know the selling price. Otherwise it's just a crapshoot.
I don't think inflation has much of an impact on car values.
Go to - Ebay Motors
Look to the right of the search button for Advanced Search, click that.
On the advanced search page, type Porsche 914 and scroll down slightly to Sold Listings.
Click that and hit search. It will bring up a 6 month history.
I was reading in the newspaper that values for lots of different hard assets have all risen to historic levels. These seem like a better investment that the returns from bonds or stocks. Until the bubble bursts that is!
What do you expect, the car's out in Southhampton. No doubt trying to be sold to some uhh, unsavvy buyer influenced by the marque's name, as Len points out.
HEY!! It's a PORSCHE!
What's one of them fancy 918's going for, sumthin north of 900g's by the time yer out the door? No doubt there's gonna be at least one of em toolin around the Hamptons eventually. And it'll prolly be silver... Am I making a connection?
It's a nice looking car. Silver makes a 914 look, shall I say, less like a 70's relic.
Someone may just bite and make a solid offer. Or not...
Southhampton, uninformed, moneyed, summer.
Hey! Ya never know.
( Don't tell the buyer there was a bigger engine available)
1971 1.7 3 $3,405.00
1971 1.7 2 $3,500.00
1972 1.7 2 $8,600.00
1972 1.7 4 $4,976.00
1972 1.7 3 $6,000.00
1972 1.7 4 $2,551.00 Oversize 1.8
1973 1.7 2 $6,100.00
1973 1.7 3 $4,850.00
1973 1.7 3 $3,950.00
$4,881.33 Average
1974 1.8 2 $6,600.00
1974 1.8 2 $10,006.00
1974 1.8 3 $5,500.00
1975 1.8 2 $4,500.00
1975 1.8 3 $3,650.00
1975 1.8 2 $9,200.00
$6,576.00 Average
1970 2.0 4 $1,999.00 Flared project
1973 2.0 2 $9,500.00 flared
1974 2.0 1 $14,000.00
1974 2.0 2 $11,000.00 flared
1974 2.0 2 $6,688.00
1974 2.0 4 $3,850.00
1975 2.0 2 $7,500.00
1975 2.0 3 $6,225.00 914S
1976 2.0 2 $5,800.00 Webers
1976 2.0 2 $10,000.00
$7,656.20 Average
1970 4 2 $7,100.00
1975 2.0-6 2 $15,000.00
1976 2.0-6 2 $9,500.00
1976 2.0-6 3 $6,410.00
1973 3.2-6 2 $35,001.00
1973 v8 2 $10,500.00
$13,918.50 Average
I obviously have too much free time. I didn't include every 914, but most of the ones that had an actual sales price. Condition was my call and I could only tell so much from the pictures and descriptions. I'm probably generous with the conditions.
There is a great article in PCA Central Pa August Newsletter about the 911 bubble by Don Hollway that talks about the 911 prices sky rocking . The Air Cooled models' prices "going through the roof".
I think the 914's are seeing a similar thing happening. One major point Don mentioned is the devaluation of the American Dollar on a global level driving the prices up for American owned Porsches, exported back the Europe. So, if you look at 914's sold in the US Market maybe we aren't seeing what the European buyers are seeing as far as how much more they are able to pay to buy American sold 914? There is a supply and demand factor too which enters into it. As the 911's become less affordable the 914's become an alternative.
Not necessarily, there are al lot of folks who enjoy both, as well as other marques …
I'm sure by the time we finish up the restoration on Dianne's '71, the increase in sales prices will have covered the cost of the resto … maybe even turn a decent profit? Of course, doing a lot of the work 'in house' helps.
That's one reason I'm not selling my 911, I wouldn't be able to afford to buy another one.
Although with the right advertising I could probably make it sound like it's worth quite a bit to the uninitiated. There were only 751 built... I am starting to look at houses in my area.
I haven't seen the value of my 914 going up nearly as fast as the 911 over the past few years.
914 prices will trail behind for a while but it's reasonable to expect them to continue to rise, one because they are Porsches and two because they are sports cars.
If you compare the prices on our cars to the old VWs we're lagging. Try to buy a dicent Ghia or early Bus. Even the beetles are pricey. People are figuring out that these are fun cars.....
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