Why Do Used Porsche 911s Cost So Much? - Jalopnik
Friday is upon us once again, and that means the time has come for Letters to Doug , a weekly column wherein you provide the letter and I provide the Doug. And I must say, Elton, that you’ve raised an interesting point, because Porsche 911 values seem to keep going up, and by God, maybe it’s time that Letters to Doug tackles this issue, or at least captures its flag. First off, to address the exact vehicles you’ve asked about in your e-mail: the reason people are asking $220,000 for a 2015 Porsche 911 Turbo is because it’s an amazing car, full of luxury, and technology, and speed, and equipment, and engineering. The reason people are asking $220,000 for a 1998 and 1989 Porsche 911 Turbo is because they are high on methamphetamines. In today’s world, the Porsche 911 is experiencing something called a bubble. What this means is, the market was originally fairy normal, and then, like a bubble, it has grown, and grown, and now it’s one of those giant bubble gum bubbles that get 150,000 views when people post videos of them on YouTube. Maybe the best example is the Jaguar E-Type, which is now an upper-five figure car, despite the fact that there are literally ten million excellent condition E-Types running around out there. Seriously: you cannot go to a car gathering without seeing a fully restored E-Type, even if it’s a gathering of lowrider pickup trucks at an Arby’s parking lot. Source: jalopnik.com
