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From the Editor…
UP FRONT… The classic Porsche market has been through a price correction, but for quality that’s been a good thing
Has there ever been a better time to buy a Porsche? Possibly not, but then every year is peak Porsche when it comes to buying, because the more the years roll on, then the more Porsches there are on the market, whether new or old. I would say, though, that there has never been a better time to buy a classic Porsche, which is why we’ve gone for the ‘Your first classic Porsche’ theme for this issue.
You don’t need me to tell you that the classic Porsche scene has been through something of a price correction in recent years, rather like the rest of the classic car market.
Classic Porsche prices are higher, but the quality has never been better
For years and years, old 911s bumped along quite happily at a sub £20k level for just about anything. If you weren’t quite ready to buy, then it didn’t matter, because you weren’t going to miss the boat. These prices rather reflected the cars themselves, many of which were coming to the point where they needed significant work. Prime original examples increased in value to reflect that, while others underwent the work required to make that leap, because it became worth doing. The market adjusted itself accordingly and the upshot is that, while the prices for classic Porsches are higher, the quality has never been better. And there’s still value in the market, too. I mean, have you seen the price of an old Ford Escort or Capri these days in comparison?
And yes, the market certainly overheated for a time and early 911s are still crazily priced, but sub £50k, where we’ve pitched our feature, is full of very good classic Porsches, many of which have been restored at the expense of someone else, which is the best way assuming it’s been done properly.
And then there’s the modern classics. Yes, early Boxsters and 996s now classify as such, which is where most of the 911&PW crew has taken refuge. A few grumbles aside, we’ve never had it so good!