Why Are So Many People Selling Their Porsche 911 GT2 RS?

Supply and demand is a simple concept to understand but a difficult one to master. Most students learn about the concept in high school or earlier, but even grown adults with loads of disposable income seem to have a difficult time grasping why it's so important. In regards to limited edition cars, supply and demand are what dictates a car's value. If an automaker only builds 100 examples of a special edition car and there are 1,000 people in the world who are willing to buy one, prices will likely go up.

This is what happened with the 991 generation Porsche 911 GT2 RS. Porsche reportedly only built 1,000 examples of the car anddealer markups went out of control when it first arrived。Some buyers paid well over $500,000 for a car with a base price of "just" $293,000.

While we certainly wouldn't pay about a 70% premium to get a rare car, the value could have been justified due to the car's rarity. As it turns out, however, the early demand for the GT2 RS may have been completely blown out of proportion. We found a whopping 54 examples of the GT2 RS currently for sale, which must mean the original owners bought the cars just to flip them for a profit. If Porsche did only built 1,000 examples of the car, it means more than one in twenty owners has already sold theirs - and that's only factoring cars in the US!Car flipping has become a very common practicein recent years and has made it difficult for anyone to afford limited edition track cars.

Based on what we are observing in the GT2 RS market, we hope car flippers will be deterred from buying limited edition track cars. Although the GT2 RS can still command close to $500,000 for a well-optioned paint-to-sample model, we found examples starting at around $345,000. This is a massive dip from when the car first went on sale in 2018.