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1965 Porsche 912 for sale at record price?

1965 Porsche 912 for sale at record price?

Having a quick flick through the DDK classifieds this morning and spotted a link to this beautiful 1965 Porsche 912 for sale. Couldn’t believe the price – is it a record? For overseas users, £38k is $61k US or €46k EU.

Porsche 1965 912 price 2

From the ad: The car has had a full, cost no object, restoration and has been stripped to bare metal and sprayed by Brookfield Classics to their usual incredible high standards. The restoration is 3 years old and the car has only covered around 1500 miles to shows etc and has lived in a protective bubble since. I firmly believe this to be the finest restored early 912 available.

“The interior is all new and the engine bay is equally concours condition. The car was a US import in the 90’s and has a massive history file with bills way back into the 70’s and even the original US plate. The engine is not a matching number to the car but is strong and runs faultlessly. All in all this is a beautiful car of the highest standards and a real investment with this being a short wheel base, 3 dial early car and 912 prices rising.”

Porsche 1965 912 price 1

The price gap from best 911s to best 912s is always a bone of contention. If I was doing a classic Porsche insurance valuation for this car, I’m guessing I might be in the £30k-band, but as an asking price in private sale that number seems a bit of a challenge. I’m interested in hearing your thoughts.

Not saying it won’t get it or that 912s are a problem. Stay cool, 912ers.

Classic Porsche Insurance Valuations

Classic Porsche Insurance Valuations

Agreed Porsche insurance valuation policies for classic Porsche cars are the only way to go. If someone steals your classic or collectable modern Porsche tomorrow, a market value policy will create no end of hassle and may leave you seriously out of pocket. This is when you need an agreed value classic Porsche insurance policy.

Porsche Insurance Valuation 1
Classic Porsche Insurance Valuations UK

Ferdinand Magazine owner, John Glynn, has spent over 30 years in the motor industry, buying and selling cars for trade and retail. John clocked up ten years with Glass’s Guide in the UK valuing older cars and modern classics, for clients in the trade and the financial services industry.

Classic Porsche Insurance Valuation 2

“Always run an agreed value policy on your classic Porsche,” John insists. “It’s the easiest way to ensure you will be properly compensated should the worst ever happen. Never leave the total loss of a car worth tens of thousands of pounds open for debate, even in a rising market. Always agree a value.”

Recent valuations include:

  • 1973 Porsche 911 Carrera 2.7 RS
  • 1979 Porsche 924 Turbo
  • 1989 Porsche 944 S2 Cabriolet
  • 1989 Porsche 911 Turbo LE (930)
  • 1998 Porsche 993 Turbo
  • 2004 Porsche 996 GT3 RS
  • 2010 Porsche 997 GT3 RS

Classic Porsche Insurance UK 3

John carries out agreed insurance valuations on classic and collectable Porsche cars that are accepted by every UK insurance company, even when insisting on independent engineer’s inspection. Our agreed valuations cost just £35. Complete the online form for your UK Porsche insurance valuation and we’ll return a written valuation within 48 hours (Mon-Fri).

Porsche 912 Decompression

Porsche 912 Decompression

One thing I forgot to say about California car auction TV is there are plenty of ad breaks, and most are for Viagra, or something pretending to be that. I’m guessing that not too many kids watch this stuff. Thankfully, I’m not in need just yet.

I also know people will ask me what Jamie’s 912 looks like, so here it is, live from California. I’m watching Overhaulin’ rather than standing outside in the shade, but it doesn’t mean I don’t care!

California Porsche Auctions: Mecum & Gooding

California Porsche Auctions: Mecum & Gooding

Jamie & I are decompressing in San Francisco after five days of flat-out photography on our 2012 California Hot Rod Porsche Tour. He’s outside messing with the beige Porsche 912 he bought from one of our mates at Shark Werks a few days ago, and I’m indoors with a cup of tea and the TV showing non-stop car auctions.

Mecum Auctions is the big name in hammer sales here in the USA. Apparently, they pay this channel to replay coverage of their previous sales, for car guys like me to watch in the mornings. Good job they do, as I’ve been glued on and off since we arrived. Boss man Dana Mecum (below, centre) is kinda hard work, but tracking the prices from sale to sale is interesting.

Another channel hosts Keith Martin’s What’s My Car Worth, where the price expert behind Sports Car Market meets people bringing their car to auction, gets the auctioneers to give a view on value, adds the seller’s expectation and hazards a guess of his own. Once it’s gone through, its surprising how close Keith ends up. As I write, he’s just hit the nail on the head with an RS that was estimated to fly as high as $375k by the auctioneers (Gooding), an owner expectation of $340k, but a Keith-predicted $275k which was the price eventually fetched.

Valuing used cars is a bit of a black art: something I got pretty good at in my ten years as an editor with Glass’s Guide, the English equivalent of America’s Kelley Blue Book. With a twenty-five year history in the motor trade and a solid valuation background, I do a lot of insurance valuations for UK Porsche, and have a small pile to do when I get home later this week, but you can never have too much information on what the market’s doing in other countries.

Porsche 911 SC versus 3.2 Carrera Comparison

Porsche 911 SC versus 3.2 Carrera Comparison

When it comes to a Porsche 911 SC versus 3.2 Carrera comparison, apart from minor differences in ventilation, slightly different seats and the change to the G50 transmission, the difference is 95% engine. If you are buying, take time to try a few and decide which engine’s character you like the most. Then find the best example of your choice and keep it for life.

Rather than this year/this model/this trim/this gearbox, a good example of what YOU  like is what you should be looking for. Don’t let others make the decision as to which is best suited to you. Ignore half-baked magazine articles making statements such as “the G50 cars are the best”: run a mile from an ‘expert’ who tells you this.

These cars are all minimum 23 years old now, so “this is the one to have”-type comments should be disregarded. Buy firstly on your gut feelings towards the ‘native instincts’ of the model, secondly by ensuring it is in good condition and then by ensuring it is priced accordingly.

Porsche 911 SC versus 3.2 Carrera comparison

Here is an SC/Carrera comparison article I wrote for Total 911 magazine a few years ago. The magazine billed it as a “which is best” type thing, but that is not the piece I wrote, as I don’t think the question is answerable beyond a personal level. That said, my piece didn’t hold back on bigging up the SC’s contribution to the survival of the 911, which underlined where my heart lay then and still does today.

This was a 3,000 word feature, 500 words more than the snappier 2500 word-length employed by 911 & Porsche World magazine, so apologies for going on a bit. Think of it as the journalistic equivalent of a 3k-word 3.2 engine versus a 2500-word 3.0: ultimately not 500 words more rewarding (in my opinion).

Porsche 911 SC/3.2 Carrera Comparison – by John Glynn

“You told me that your SC being stolen was the chance of your life”. I remind Raphael Caille of a previous conversation, as photographer Cusick gives Raphael’s unmarked Carrera the Total 911 photoshoot treatment. “Yes” he agrees, “but I love Franck’s SC, it’s like new!”

Porsche 911 SC versus 3-2 Carrera 4

Behind the Marine Blue 3.2 sits Franck Marie’s superb SC Coupe, the car’s blazing Arrow Blue paint contrasting wildly with the autumnal carpet, and the shimmering dark metallic of its younger sibling. Apart from their fabulous colours, the cars are almost identical. Ferry Porsche believed continuity ensured lasting appeal, and nowhere is his philosophy more evident than at the point where SC and Carrera meet.

Standing here with these two French friends and their spotless 911s, fellow Frenchman Alphonse Karr’s famous epigram comes to mind: “Plus c’est la meme chose, plus ça change”, which translates as: “the more it changes, the more it’s the same thing”. Karr could easily have been talking about these two cars when he came up with that one.

Introduced for the 1978 model year, the arrival of the 911SC was met with moans from some enthusiasts who did not appreciate the loss of ten percent of engine power; now a purported 180bhp, as opposed to the 200bhp of the previous Carrera 3.0. A slight increase in torque, thanks to revised valve timing, did little to improve the car’s reception among diehards. The lower-power three litre 930/03 engine, the air pump now fitted to all 911s to comply with tougher European emission regulations, and the softer pedal feel of the new servo-assisted brakes, left 911 fans feeling that the development curve had just been arrested under false pretences.

Aficionados pointed their fingers at the pro-928 management, claiming the potent flat six had been cut off in its prime to give the front-engined flagship the performance advantage, at least on paper. Others gave the changes a warmer reception, welcoming the return of the classic eleven-blade engine fan for example. Less performance-driven customers, new to 911s and looking for a practical four-seater sports coupe, appreciated the certainty of the assisted brakes from cold, and the improved equipment packages available.

Porsche 911 SC versus 3-2 Carrera 3

Broadening the 911’s appeal was never part of Porsche’s plan. The board, then led by Prof Dr Peter Fuhrmann, had decided for reasons of time and cost to retire the 911, and replace it with the 928, but strong sales figures for the SC were a spanner in the works. Demand for Butzi’s progeny remained healthy, and by 1980, the threat of retirement had evaporated. Ferry’s autobiography, Cars are my Life, explains the situation in plain terms. “The management had no relationship with the 911: it was not their car” says Dr. Porsche. “Only later did it emerge that the 928 was not the right car to succeed the 911”.

We can maybe imagine the boardroom scenes that led to Furhmann’s early departure at the end of 1980, but once new boy Peter Schutz had the helm, the change in tack was immediate. Engineers were let off the leash to catch up on long-overdue 911 developments.

The 180 bhp engine was widely reported as more powerful than claimed. For 1980, the SC received a minor increase in compression, the cooling fan was changed to the bigger Turbo version, the distributor regained a vacuum advance and new timing covers were fitted. Engine power rose to 188 bhp. Fingers were pulled out again in ’81, when valve timing was restored to that of the Carrera 3.0, and fuel and ignition systems were tweaked to liberate a further 16 bhp. With 204 bhp on tap, the SC finally had more power than its predecessor.

1983 was a record year for narrow-bodied 911 production, with over 12,500 cars manufactured, an increase of almost 60 percent in two years. Stuttgart enjoyed exceptional success with the SC, and the launch of the 3.2 Carrera in 1984 put the 911 in the right place at the right time. Newsweek named 1984 the Year of the Yuppie, and the reintroduction of the Carrera name was just what the market wanted. Porsche’s brand values, together with the 911’s timeless design and unbeatable practicality, made the whale-tailed Carrera an 80’s archetype, and workers couldn’t make them quick enough.

The cars pictured here are superb examples. Since buying his 1980 SC from the original owner in 1998, Franck has added 100K kms to the previous 60K, but one is hard-pressed to find evidence of even half this total. Raph’s well-travelled 1988 Coupe has seen slightly more tarmac at 184K kms, the car having lived in Germany, Italy and the boys’ native France before coming to the UK in 2002. It serves as the owner’s daily driver for part of the year, easily dispatching the 70-mile return journey from his Hertfordshire home to Silverstone, where the 911-owning pair work for a successful race team.

“The budget was limited for my first 911, so the SC I had to start with was well used”, confesses Monsieur Caille. “When it was subsequently stolen, the insurance settlement meant I had a bit more money to spend. I was lucky enough to find a good example of what I started out looking for: a 3.2”. Raph’s feedback on Carrera versus SC stewardship is in line with what most who have owned both will say: there is very little in it.

“My Carrera is in better condition than my SC was”, declares Raphael, “so I appreciate it more. The things I like are the same for both cars. The steering feel is amazing; they are lots of fun even at low speed. I love the reliability and practicality. I’ve done 60,000 kms in 4 years of using the Carrera as a weekend and holiday car, and have never had a problem. I simply check the oil and tyres and go. I get 28 mpg without taking it too easy and the space is very good. When I come back from France I can easily get 100 bottles of wine in the car”. The torsion bar suspension gives both SC and Carrera the same underbonnet capacity and flat cabin floor. Anti-roll bars and rear torsion bars grew slightly bigger from 1986, a factory tweak to improve the way the cars handled their increasing weight.

Tim Scott, of Frinton-on-Sea in Essex is another ex-SC owner now running a Carrera. Tim’s current car is an ’84 Carrera Coupe, bought for a song with some work to do, and currently undergoing a refit as a lightweight road and track machine. “They don’t feel any different to me”, says Scott, who bought the Coupe having sold a spotless 930, which he believed was too nice to modify. “The strengths and weaknesses of both cars lie in exactly the same places, so they’re very similar to own and work on. Even when you start taking them apart, everything is very familiar”.

Subtle changes chronicle the 911’s progression from the 1978 SC to the eventual pensioning-off of the Carrera in 1989. Bugbears are few; most who have owned both models cite the heating, ventilation and air conditioning as major gripes. 1986 brought improvements in this area, with bigger side and centre dash vents. That year also saw the introduction of slightly lower seat rails, which some claim offer a better connection between car and driver. The 3.5mm wider brake discs of the Carrera give slightly better thermal capacity on track days, but using modern-day pad compositions in well-maintained SC or Carrera braking systems means there isn’t much in it as far as outright one-time brake performance goes.

There were very few changes to the bodywork in 1984. The lines were smoothed as designers finally integrated the SC’s protrusive (optional) front foglights into the bodywork (the rears were similarly absorbed in 1987), shifting the radio aerial from wing top to windscreen the following year. The (optional) Carrera tail was introduced. The almost imperceptible alterations continued inside; front seat belt buckles moved off the floor to the seats, the dash gained a temperature sensor, brake warning light and 930 heater controls, sunvisors were slightly modified and so on.

The biggest changes from SC to Carrera were all within reach of the rear badge. The engine was essentially a ‘stroked’ SC motor, the use of SC barrels and valves and a 930 crank adding 170cc to engine capacity. Redesigned forged pistons, enlarged inlet and exhaust ports, slightly bigger exhaust tubing and the adoption of a Digital Motor Electronics engine management system gave the new 911 an additional 27hp to play with, albeit at the expense of 20kg on engine weight. So was the new engine an improvement?

Porsche 911 SC versus 3-2 Carrera 2

SC engines are unstressed, and therefore pretty much bulletproof. It is not unusual to see an untouched SC motor with 200K miles under its belt still producing stock power or more, but 3.2 engines can be a different kettle of fish. At a recent impact bumper 911 dyno day, a stock 204 bhp SC was making its regular flywheel-extrapolated 207 bhp, while stock 231 bhp Carreras were seeing around 224 bhp, down on standard power but not entirely unexpected. Carreras can certainly go on to cover high miles, but many 911 specialists now regard 90-130K miles as top end rebuild time on a 3.2, even when the engine has been properly maintained. Worn valve guides and cylinders on 3.2s can be an issue, particularly when the car has been used for lots of short hops. Both factors can lead to a loss of power.

All engines can suffer from cracked or pulled head studs, and sensible owners replace the original lower-row Dilavar studs with steel before issues arise. The hydraulic timing chain tensioners introduced on the 3.2 are an acknowledged improvement over earlier spring-loaded units. The later 3.0s benefit from wider idler arms and bronze bushes, which are said to address most chain tensioning problems, but for total peace of mind, the later Carrera tensioners are easily fitted to the earlier motor. If only getting appreciably more power from these engines was as elementary.

Bob Watson is a UK 911 specialist, with a substantial back catalogue of 3.0 and 3.2 rebuilds and upgrades to draw on. “The ideal recipe for each of these engines is very different” says the unassuming Watson. “Starting with a healthy motor and following the ingredients precisely is the only way to do it”.

Early SC engines can have their valve timing set to the later specs, which is a good start. All SC engines respond well to the popular SSI upgrade, where the round-the-houses factory exhaust is deleted in favour of the lighter, more direct pre ‘73-style system. When combined with a sensible cam upgrade, SSIs can take a 204 bhp engine to 225 bhp or thereabouts. To go much higher on an SC involves swapping out the K-Jetronic fuel injection in favour of carbs or an EFI system, and either option will also require new pistons, as the SC’s domed design is optimised to the factory CIS setup.

The Carrera’s Motronic system may only have a fairly basic ECU, but it’s one ECU more than the SC, and opens up the potential to remap the engine management programme. Remapping the 3.2 is relatively straightforward and the results can be impressive. On the same dyno as previously mentioned, a remapped but otherwise stock ’84 Carrera with 140K kms made 254 bhp; 23 bhp over stock. Fattening the midrange torque curve with a remap has a marked impact on the way a Carrera goes, and for less than half the cost of SSIs on an SC. According to Bob Watson, going higher than this on a 3.2 can also be complicated, usually involving a displacement increase via new pistons and barrels. Some 3.2 owners shy away from SSIs, but Bob believes they work very effectively, as long as they are Carrera and not SC units, which do fit but have smaller pipework.

Porsche 911 SC versus 3-2 Carrera 5

Real world performance is not all about who has more bhp, and even when modified to give slightly higher output, performance remains broadly similar between the two cars. Contemporary road tests show the stock 3.2 was faster than the SC to 60 mph by no more than a tenth of a second, the low end grunt of the 3.0 easily matching what a stock Carrera has to offer. The extra few cc’s and the bigger exhaust gives the 3.2 an advantage at the top end, though by the time it can show its strength, the battle has passed into licence–losing speeds.

Weight is an area where the early cars have an advantage that is sometimes overlooked. The early impact bumper cars were only moderately heavier than their predecessors, and much of the middle-age spread on subsequent models came as a result of the hot galvanising process introduced in the mid-70s, and the higher levels of specification added to later cars. Whilst the weights look more or less identical in black and white, ex-works weights are without options, and every option added is a little more on the car’s waistline and off performance.

For instance, a Carrera tail weighs 19 kilograms without the rear wiper assembly. Add a wiper, front fogs and a front chin spoiler with fixings and you are past 25 kilos. Add air conditioning and the associated tubing and wiring and you are fast approaching 100 kilos. With electric sunroofs, electric heated mirrors, electric seats and a heavier engine and gearbox all on the menu for the last of the 3.2s, it’s no wonder that high-spec narrow-bodied Carreras were eventually topping the scales at almost 1300 kilos with a full tank of fuel.

Lightening is very popular among impact bumper owners looking to improve performance. Junking the unimpressive factory air conditioning, simplifying the interior and losing some sound deadening, replacing the heavy battery with a lighter example, deleting the stock 6 speaker stereo and amplifier system, deleting the spare wheel and jack in favour of an AA card and a can of tyre sealant, replacing the heavy-when-full washer reservoir with a lighter version and losing the tail for a fibreglass ducktail, can take 150 kilos or more off the weight of a car. This is comparable to losing two decent-sized adult passengers, so is an effective way of sharpening the car’s dynamics, as well as being more or less free of charge. The bits removed can all be kept for resale, meaning there is very little effect on the car’s value.

No comparison would be complete without mentioning the time-honoured transmission debate: the 915 of the SC and pre ‘87 Carrera versus the later G50. Nowadays, this is likely to be of lesser importance in the majority of ownership situations. The most heralded feature of the G50 is its hydraulic clutch, which only makes a real difference in heavy traffic. Unless one is regularly taking an impact-bumper 911 out in the rush hour, then the ‘G50 is great’ argument is less relevant. This is not to say that the bigger G50 is not the better gearbox, but when both types are assessed in good order, the change from one ‘box to the next is not the quantum leap forward claimed by many. Prospective 911 purchases should always be judged primarily on condition, and a good 915 car is preferable to an average G50 example.

The very minor changes to this model line over the course of its life should not be seen as underdevelopment, perhaps we should instead imagine that the German translation of ‘if it ain’t broke, don’t fix it’ was hanging on the design office wall. Those entrusted with making sense of the 911 during the eleven-year lifespan of the SC and Carrera did an excellent job, but then they were working with fundamentally good material.

Porsche 911 SC versus 3-2 Carrera 1

Had the SC been a bad car, it would have sunk without trace and done Furhmann a favour. However, with marked disregard for the management plan, the SC simply refused to stop selling. Drivers loved the car for its peerless build quality, supreme reliability, that noise and the tumultuous rush of performance, while still managing high-twenties fuel economy. The heroic SC made 911 fans out of awestruck schoolboys and car-buying adults alike, and its core strengths were carried over into the Carrera, with very little left behind.

Today, the 3.2 Carrera is seen as a motoring milestone, and the very last examples are held in high regard as a ‘best of breed’, though the truth is that there are very few real-world differences in the 911s produced between 1978 and 1989. We are unlikely to ever to hear the end of the debate between SC and Carrera owners on which is the better car, or the more authentic representation of the 911 ideal, but does it actually matter?

A 911 is much more than mere transportation. These cars are famous for striking a uniquely personal chord with their owners, and SCs and Carreras embody this concept beautifully. They may look, feel and stop and go more or less the same, but they affect their owners in completely different ways. Franck Marie loves his SC, his friend Raphael adores his 3.2 Carrera, and both are absolutely right; their immaculate cars are equally important strands of the 911 bloodline.

The best advice for those wishing to own one of these cars is simple. Start by ignoring the G50 brainwashing brigade, and the other myriad opinions from all sides on what is better and why. Drive a few good examples of both SC and Carrera, discover the one that suits you best and go with it. Take your time and find a good one: it is guaranteed never to disappoint.


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Porsche vs Volkswagen Boxster Values: Part 2

Porsche vs Volkswagen Boxster Values: Part 2

Loving the discussion on future Boxster values of Porsche-built cars versus Boxsters now built partly by Volkswagen, as announced yesterday.

“Some of the earlier Boxsters were build in Finland and no one seems to care about that,” was pointed out by Jeroen B on the Ferdinand Facebook page.

Andrew D also picked up on that thread. “Is this so bad? Does this not mean that its essentially what was Karmann of Osnabruck building it? I used to own a Karmann-built Porsche and didn’t think it was bad. Porsche did farm production of SWB 911 bodies out to Karmann, and it’s the I-Ching. So it doesn’t bother me. If they’re now owned by VW group they could be even better!” Fair points, but not the point. The point is how people will talk about it.

After twenty-five years in the motor trade, and ten years with Europe’s largest car valuation company, I don’t doubt that VW ownership means “last of the proper all-Porsche Porsches” is a line we are about to see more of in classifieds.

Something is always ‘the last of’. 356 guys made “Real Carreras have four cams” t-shirts when the 2.7 Carrera RS first came out. “Last of the proper 911s” runs all the way from ads for SWB cars, to the end of ’73, to the Carrera 3.2, to the narrow-body 964, to the air-cooled 993. ‘Last of the proper/Metzger 911s’ is how GT3 RS 4.0 buyers were sold their cars.

Pitching cars as a one-off opportunity never stops, and some Porsche owners can be super sniffy about Volkswagen associations: witness the market’s regard for 914/924 and 944 models, and the speed with which 944 owners will now email me, saying their cars do not have a van engine.

I’ve owned enough Mk2 Golfs to go down as a Volkswagen fan and am proud of my 924/944 ownership. But, let’s say in ten years time, you’ve got two identical Boxsters: same colour, mileage and options. One is Volkswagen assisted, one is completely from Stuttgart. Which one will you go for? I think the answer is obvious.