Porsche plans crackdown on GT model speculators

Published: 25 March 2019

► How to prevent Porsche values bloating
► Leasing scheme considered for GT cars
► Bid to prevent speculators profiting 

The head of Porsche has admitted it is considering putting clauses into buyers’ contracts of its limited-edition GT range of sports cars to stop speculators snapping them up only to sell on for a quick profit. 

The news comes as values of GT3 and GT2 911s in particular have spiralled out of control, with the most desirable editions easily doubling in price on the secondhand market as Porsche struggles to meet market demand. The same is true to a lesser extent of the GT4 Cayman models, too, while values of specials such as the 911 R have sought investors rather than enthusiasts.

Soaring Porsche GT model values: how to prevent speculators

Chairman and CEO Oliver Blume (pictured above) said Porsche was mulling over a compulsory leasing arrangement, where prospective owners could not own the car outright for the first year to prevent unscrupulous profiteers looking to make a quick buck.

Porsche GT3 values

‘There’s a big demand in the market [for our special GT range cars, such as the GT3 above],’ he admitted at the world debut of the Porsche Cayenne Coupe last week. ‘Normally our interest is to sell a car for drivers - not for dealers making an investment. We put so much love into these cars, we want people to drive the cars, not put them in a garage and wait to sell them for a bigger price. That’s not our aim.

‘You can think about leasing models - where you have to stay with a car for a year, for example, to avoid this dealing in the cars.’

Should Porsche control the sale of its GT models to dash speculators’ hopes? Be sure to sound off in the comments below.

By Tim Pollard

Editorial director of CAR's digital publishing arm. Motoring news magnet

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