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914World.com _ 914World Garage _ 914 Price Trends

Posted by: swooshdave Jul 22 2014, 11:34 PM

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.

Posted by: Hank914 Jul 22 2014, 11:55 PM

QUOTE(swooshdave @ Jul 22 2014, 10:34 PM) *

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.


Thanks for the link. I'm excited to learn ...

"Notes/Buzz+10% for factory a/c. +10% for 5-spd."

... that I get a +10% for my 5speed tranny!

No factory air for me, but on a serious note, I learned recently that my in-glass rear window defroster was only ordered on 5-10% of cars. That's gotta be worth an extra $25 or $30 bucks, eh? drooley.gif

Posted by: Big Len Jul 23 2014, 08:04 AM

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.

Posted by: jfort Jul 23 2014, 12:49 PM

I agree, Len

Posted by: StratPlayer Jul 23 2014, 01:55 PM

http://classiccars.com/listings/find/all-years/porsche/914

Posted by: green914 Jul 23 2014, 02:02 PM

Good info! Thanks. smile.gif

Posted by: Dave_Darling Jul 23 2014, 06:18 PM

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

Posted by: Hine62 Jul 23 2014, 06:30 PM

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 driving.gif

Posted by: swooshdave Jul 23 2014, 10:51 PM

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?

Posted by: deputydog95 Jul 24 2014, 06:29 AM

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 smile.gif


Posted by: deputydog95 Jul 24 2014, 06:32 AM

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

Posted by: rdauenhauer Jul 24 2014, 07:02 AM

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.

Posted by: Big Len Jul 24 2014, 07:10 AM

QUOTE(deputydog95 @ Jul 24 2014, 08:32 AM) *

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


We all know there's usually a vast difference between the ask price and the sale price, but the ask here does represent something and that is increasing values. In this case, the seller is fishing for an uninformed buyer who may bite. Or perhaps has inflated the price in order to have room during negotiations.

You must try to keep track of the final sale price as well as the ask.The more you see, the more you become an informed, savvy buyer (or seller) Good luck.

Posted by: Hine62 Jul 24 2014, 09:39 AM

QUOTE
In this case, the seller is fishing for an uninformed buyer who may bite.


Yep, that would be my guess. I've been looking for a 911 for a while in the 2000 - 2005 range, those prices are also inflated compared to the mileage on them.


Posted by: dcheek Jul 24 2014, 11:30 AM

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

Posted by: swooshdave Jul 24 2014, 11:39 AM

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.

Posted by: Big Len Jul 24 2014, 01:03 PM

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.

Posted by: halmil Jul 24 2014, 04:04 PM

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!

Posted by: Porschef Jul 24 2014, 06:25 PM

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! blink.gif bootyshake.gif

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... confused24.gif

Posted by: rgalla9146 Jul 24 2014, 08:31 PM

Southhampton, uninformed, moneyed, summer.
Hey! Ya never know.
( Don't tell the buyer there was a bigger engine available)

Posted by: Porschef Jul 24 2014, 08:37 PM

QUOTE(rgalla9146 @ Jul 24 2014, 10:31 PM) *

Southhampton, uninformed, moneyed, summer.
Hey! Ya never know.
( Don't tell the buyer there was a bigger engine available)



Yes, exactly....the succinct version. biggrin.gif biggrin.gif

Posted by: deputydog95 Jul 25 2014, 05:35 AM

QUOTE(Big Len @ Jul 24 2014, 03:03 PM) *

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.


Did that. Great tip.

Not sure if this link will work but these are the results for all 914's sold between 10k and 35k.

http://www.ebay.com/sch/i.html?_from=R40&_nkw=porsche+914&_in_kw=1&_ex_kw=&_sacat=0&LH_Sold=1&_mPrRngCbx=1&_udlo=10%2C000&_udhi=35%2C000&LH_Auction=1&LH_BIN=1&_samilow=&_samihi=&_sadis=10&_fpos=&_fsct=&LH_SALE_CURRENCY=0&_sop=3&_dmd=1&_ipg=200&LH_Complete=1

Posted by: swooshdave Jul 25 2014, 10:21 PM

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.

Posted by: struckn Jul 26 2014, 07:44 PM

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.


Posted by: deputydog95 Jul 27 2014, 12:55 PM

QUOTE(struckn @ Jul 26 2014, 09:44 PM) *

As the 911's become less affordable the 914's become an alternative.


Wouldn't they be two totally different customers? Both in taste and budget?

Posted by: swooshdave Jul 27 2014, 01:07 PM

QUOTE(deputydog95 @ Jul 27 2014, 11:55 AM) *

QUOTE(struckn @ Jul 26 2014, 09:44 PM) *

As the 911's become less affordable the 914's become an alternative.


Wouldn't they be two totally different customers? Both in taste and budget?


Not for the speculators.

Posted by: deputydog95 Jul 27 2014, 01:09 PM

QUOTE(swooshdave @ Jul 27 2014, 03:07 PM) *

QUOTE(deputydog95 @ Jul 27 2014, 11:55 AM) *

QUOTE(struckn @ Jul 26 2014, 09:44 PM) *

As the 911's become less affordable the 914's become an alternative.


Wouldn't they be two totally different customers? Both in taste and budget?


Not for the speculators.


Good point.

Posted by: euro911 Jul 27 2014, 01:38 PM

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.

Posted by: ripper911 Jul 27 2014, 06:02 PM

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.

Posted by: swooshdave Jul 27 2014, 06:14 PM

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.

Posted by: scotty b Jul 27 2014, 06:15 PM

QUOTE(swooshdave @ Jul 27 2014, 11:07 AM) *

QUOTE(deputydog95 @ Jul 27 2014, 11:55 AM) *

QUOTE(struckn @ Jul 26 2014, 09:44 PM) *

As the 911's become less affordable the 914's become an alternative.


Wouldn't they be two totally different customers? Both in taste and budget?


Not for the speculators.

I have had quite a few 911 and 356 guys tell me how much they always liked 914's. I've got one right now looking for a good 914 t restore once his 911 is done. Most have told me they either always liked them, or they had owned one as a first car and want another now that hey have the means to have multiple cars.

Posted by: OU8AVW Jul 27 2014, 09:09 PM

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.....

Posted by: swooshdave Jul 27 2014, 10:05 PM

QUOTE(OU8AVW @ Jul 27 2014, 08:09 PM) *

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.....


Yes, but the older Bugs, Ghias and Buses are older than the 914. The older a vehicle is typically fewer survive.

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