I believe the 928 will soon be collectable on a broader scale.
So much so that I'm vested and invested into a business where hobbyist, enthusiasts and future collectors are key to my and its survival. Risky business? Some might think so.
However, you may ask why would I build a business on a small-niche early 928 market?
The answer is simple... I'm certifiably insane! But there may be a method to my madness.
They just don't make them like the used to
The 928 is not only quality-built but also remarkably well-engineered with inherent longevity well beyond what was originally expected. Look no further than the double hot-dipped galvanized body and strong hand-welded chassis. These are the primary reasons so many 928's still exist today.
They just don't make them like the used to.
It's timelessness keeps it relevant
- Large seats with excellent driving positions for many sizes
- Practical use of space to carry large amounts of travel cargo
- Two-plus-two seating allows for family duty
- Comfortable ergonomics for long distance travel
These aspects are important to the 928's collectability because it's timelessness keeps it relevant, thus desirable to future buyers.
People collect cars that evoke something special inside them
Generation X consists of people born between 1965-1980. We are the original latch-key and Honeycomb kids. For us Gen-X'rs, we were in our teens when Dad took us to the Porsche dealership to buy the new 928. The same one we drove to prom. For college graduation, the keys we handed over to us. This 928 we remember fondly. It evokes those senses from our youth. And now we're older, more established, family and 401K underway, career in its prime. We want that 928!
100 ready for saving, 10 ready for mild restoration, and 1 preserved original low miler.
Attrition is a constant, meaning always happening. But at some point in time it critically affects supply.
It's hard to quantify what this means to the 928 market as a whole, because it was produced over 17 years.
What I do know is the supply of early 928's (78-79's) is dwindling. I closely follow this market and here is what I see - 100 ready for saving, 10 ready for mild restoration, and 1 preserved original low miler.
I believe we are at a critical level with the early ones, and they're now rare or soon to be considered rare.
We're approaching a nexus
If you look at Hagerty's valuation guide, you will see that value changes happen across the entire range for that reason.
We're approaching a nexus where the 928 will have all the right stuff to launch it into a collector status it has always deserved. It's a classic car with classic car elements. Now it's just a matter of time.