OT: what’s going on with car prices Options

[draganc]

Folks,

Is it just me, or did pre 1990 Porsche prices are going crazy?

Have been looking for a 911 outlaw/RS clone project but haven’t
seen a 911 under $25k for the past 6 months (mainly East coast).

Extended my search to the LAX area, even worse. Limited supply
and “crazy” prices. I guess I just answered my own questions.

Looks like 914 and 944 are also going steadily up.

What’s the forums take?

[Unobtanium-inc]

A lot of what you are seeing right now is dealers with high priced cars if you check ebay, cragislist, etc. Not nearly as many private party cars for sale like we have been seeing in years past? Why, because Porsches aren't selling as well. Why, because the European's are not buying with the same fervor as the last 5 years have shown us, and they were the ones driving the market. So it seems like all the prices right now are crazy, it's because 80% of what you're seeing is the "ask" of high end dealers selling most of their cars on consignment, but they aren't selling, but the prices stay high.
I get lots of calls with people wanting me to buy their car, I tell them what the market will bear and they say, "I'll wait to sell after the apocalypse"
So less supply, and less demand, leaving only the high end dealers, who have no choice but to keep the ads rolling, hoping something sells. We sold our last car of the year last month and don't plan to bring anything else out until Spring 2021. Why sell in a down market?