2006 - Pontiac Gto on 2040-cars

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'We're not a hedge fund': Porsche plans to curtail speculators and flippers

A sizable number of speculators view cars as an investment. Rare or unusual models are quickly snapped up and either parked for years or flipped for a profit. Cars from automakers like Porsche and Ferrari are more prone than others, and at least some people behind these models are getting a bit tired of it. While it's difficult to police what goes on after you sell a car, Porsche has some plans that might curtail the problem before it starts. Andreas Preuninger, the head of GT road-car development and the man behind the new 911 GT3, spoke to Car and Driver at a recent event. "I personally like to see my cars being used," he said. "That's what we build them for. They are just too good to be left to stand and collect dust." One recent example of this rampant speculation is the 911 R. While the special manual-only model sold for $185,950 when new, used versions were selling for nearly $1.3 million just months after it went on sale. While the car is a masterpiece and an instant classic, a good number will be parked and simply used as art and not the rolling testaments to the man/machine interface they were intended to be. The concern over valuations has become so fierce that some owners are upset that Porsche is offering the new 911 GT3 with a manual transmission, fearing that it may hurt the value of the 911 R. "When I said we're not a hedge fund, I'm talking to those people who are yelling at us for offering the manual transmission similar to the R," Preuninger said. "But if there are people wanting to buy cars like that, then as a company we should try to fulfill that, to meet that demand." It seems Porsche is keeping a close eye on who is flipping cars. Since there is often far more demand than supply with certain models, the German automaker has a name for every car before it's built. Buyers with bad reputations might not even make the wait list. Related Video:

Junkyard Gem: 2007 Pontiac G6 GT Convertible

GM's Pontiac Division sold its first convertibles during the 1927 model year (just a year after the division's creation), then proceeded to offer memorable drop-tops for most of the following 83 years. The best-selling convertible to bear Pontiac badges during our current century was the retractable-hardtop-equipped G6, available from the G6's introduction in 2006 through the second-to-last model year of 2009 (the Sunfire convertible was available just through 2000, while the Firebird convertible vanished with the demise of the slow-selling Firebird itself after 2002). Here's one of those G6 GT convertibles, found in a Denver-region boneyard after a crash ended its driving career. Mashed right front, popped airbags. This sort of damage might have been worth repairing in 2009, but not today. The 2007 G6 was available as a coupe, sedan, or convertible. All the convertibles had the GT trim level and the 3.5-liter V6 and its 224 horsepower. The MSRP on this car was $28,750 (about $42,325 in 2022 dollars), making it the most expensive G6. The power hardtop roof folded up into the trunk, leaving 1.8 cubic feet of trunk storage space with the top down. This Karmann-designed roof system made the interior much quieter than that of a traditional soft-top convertible. All G6s were built at Orion Assembly in Michigan, where Chevy Bolts are born today. The G6 was built through the 2010 model year, making it one of the very last Pontiac models (the Vibe also made it to 2010, though it was really a Toyota Matrix). In hindsight, 2007 turned out to be an ominous year for GM. 

Junkyard Gem: 1988 Pontiac LeMans Sedan

During the 1960s, the Pontiac LeMans was a sporty, rear-wheel-drive midsize car, the GTO's cheaper sibling. Through the 1970s and into the middle 1980s, the LeMans became a bit less youthful-looking but remained a traditional rear-wheel-drive Detroit machine with a V8 engine option. Then, starting in the 1988 model year, the LeMans name went onto a South Korean-built version of the misery-inducing, front-wheel-drive Opel Kadett E. These were dark days for the Pontiac marque; here's the proof, photographed at a San Francisco Bay Area self-service wrecking yard last month. This one didn't quite make it to the 100,000-mile mark. These cars were very, very cheap and sold reasonably well, but nearly all of the 1988-1993 LeManses are hatchbacks. I have seen a total of two Daewoo LeMans sedans during the last decade, and this is one of them. Under the hood, 74 raging Opel/Daewoo horsepower. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. In this car's homeland, it benefited from extremely macho South Korean voiceovers in its television advertising. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. In the United States, the ads for the LeMans were all about the hatchback, and all about cheap excitement. Related Video: Featured Gallery Junked 1988 Pontiac LeMans Sedan View 12 Photos Auto News Pontiac