Porsche investment buyers are “immoral”, car maker’s website says

Article hits out against people that buy into the brand purely for its investment potential

Porsche investment buyers are “immoral”, car maker’s website says
A Porsche 993-generation 911 GT2 from 1995 sold in a London auction for £1.8 million.

An article published on Porsche’s official website has hit out against “immoral” people who buy Porsche models purely for their investment potential.

The Porsche Klassik magazine article claims investors are “spoiling the market” and “causing an explosion in prices even for ‘normal’ Porsche vehicles”.

The article goes on to read: “This demand has sent prices skyrocketing and left an increasing number of old Porsche vehicles sequestered in garages, rarely or never seeing the light of day because they were bought purely as investments.

“The speculation in which many dealers are currently indulging is heading towards the downright immoral.”

Used Porsche prices have increased at record rates in recent years.

Just two years ago, a 993-generation 911 GT2 from 1995 sold in a London auction for £1.8 million, setting a new record for a Porsche road car.

Last year, a ‘flat nose’ 1989 911 Turbo SE, a special version of an otherwise common model, sold for £245,250.

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