PCAR AI Demo

The 1975 Porsche 911 Base Model, with a current highest bid of $41,911 and no sales data available for comparison, presents a challenging valuation scenario. Without any comparable sales data or an AI estimated market value, it's difficult to confidently assess whether the bid is in line with the market. Given this uncertainty, I recommend approaching this bid with caution and possibly seeking additional market data or expert valuations before proceeding with a purchase.

The 1995 Porsche 911 Carrera you are viewing sold for $80,993, which is substantially higher by $23,493 (40.9%) than the AI estimated market value of $57,500 based on comparable sales data. Considering the significant price difference from the market median and given that this model's final sale price falls well outside the typical range ($54,000 to $62,000) observed in similar sales, this indicates the vehicle was purchased at a premium likely due to unique factors such as lower mileage or a desirable color. Based on the data, this purchase price appears overly inflated; hence, caution is advised for buyers considering similar models at this price level without distinct and desirable attributes.

The 2004 Porsche 911 Turbo sold for $50,000, which is $6,000 below the AI estimated market value of $56,000, indicating a purchase at a price 10.7% under the market average, based on one comparable sale. Given that the sale price is categorized as "LOW" in the market assessment, this suggests the vehicle was bought at a favorable price, relative to its estimated market value. If considering a similar vehicle, this data would suggest that a bid up to or slightly below the comp value could be considered a good deal, provided the condition and specifications are similar.

The 2007 Porsche 911 Turbo sold for $100,000, which is 13.6% above the AI estimated median market value of $87,998, indicating a higher-than-average sale price compared to similar models. Considering the prices of comparable vehicles, which range significantly from $63,500 to $133,000, the sale price of this specific car aligns closer to the higher end of market transactions, suggesting a premium on specific features or condition not detailed in the data. Based on these insights, this vehicle's final sale price appears to reflect a fair market value given the broad range of sale prices for comparable models, and it could be a reasonable purchase if the vehicle's condition and features match the upper spectrum of what has been seen in similar high-priced sales.

The 2011 Porsche 911 Carrera S you are considering has a current final bid of $61,750, which is $4,250 above the AI estimated market value of $57,500 based on a sold comparable with higher mileage. This indicates that the current bid is 7.4% over the market value for similar models, suggesting it is not priced competitively despite its lower mileage and unique exterior color. Given these factors, I recommend approaching this bid cautiously as it exceeds the confirmed market price, and consider waiting for a better-priced opportunity or negotiating for a lower bid closer to the estimated market value.

The 2019 Porsche 911 Targa 4 GTS that sold for $115,000 was purchased $33,000 below the AI estimated market value derived from five comparable sales, indicating a significant undervaluation and a potentially excellent deal for the buyer. The comparable sales ranged from $131,000 to $163,000, suggesting that the final sale price of this vehicle was well below typical market transactions for similar models. Based on this data, it was a prudent purchase, and future buyers should look for similar discrepancies in pricing relative to the AI estimated market value to identify potential bargains.