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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: 2000 Pontiac Sunfire coupe

In a few months, we'll reach the tenth anniversary of GM's axing of the venerable Pontiac brand. G6s, Vibes, and Matizes continued to be built until 2010, but I'm noticing a marked decrease in discarded Pontiacs lately, as I perform my junkyardy rituals. Here's a 2000 Pontiac Sunfire, photographed in a Colorado wrecking yard. The Sunfire was the near-identical sibling to the Chevrolet Cavalier, based on the long-running (1982-2005) J-Body platform. It was cheap and simple, looked pretty sporty (at least in coupe form), and every parts store in North America carried just about everything you'd need to keep one running. This coupe had to compete for sales not only with a vast and menacing array of imports but with GM's own Saturn SC2 (not to mention the Cavalier itself). Meanwhile, the J platform was showing its age more with each passing year. This car sports what must have been the complete line of Fatal Clothing bomber-nose-art/skate-punk/gang-tag-influenced decals, circa 2010. I actually photographed this car back in 2011, then misplaced the image files until last week. The stickers are very California-centric for a Colorado car, but then plenty of Californians — including me— move here. When you know you're a car's final owner, it's a lot easier to whip out the paint pens and redecorate the interior. Power came from the engine GM developed for the very first J-Bodies: the 2.2-liter 122 pushrod four-cylinder. 2002 was the last model year for 122-powered Sunfires and Cavaliers; the most affordable S-10/Sonoma/Hombre trucks got this engine through 2003. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. It even came with a remote, so bad Midwestern farmgirls could make quick getaways when caught in the act by enraged broom-wielding mothers. Featured Gallery Junked 2000 Pontiac Sunfire View 30 Photos Auto News Pontiac Automotive History

Junkyard Gem: 1991 Pontiac 6000 LE

Sibling to the Chevrolet Celebrity and Oldsmobile Cutlass Ciera, the Pontiac 6000 sold pretty well during the early-to-middle 1980s, but had been relegated to the dealership bargain bin and fleet-car cul-de-sac by the time of Operation Desert Shield. Here's a final-year-of-manufacture 6000 LE that I photographed in an Arizona self-service wrecking yard. This car was sold new in Arizona, and it will be crushed in the same state, 26 years later. The LE was the cheapest trim level for the 6000 in 1991, but the original purchaser of this car sprang for a few options. For example, instead of the utterly miserable 2.5-liter Iron Duke four-cylinder, this car packs the 3.1-liter V6. That meant 140 horsepower instead of 110, plus an engine note more like a vacuum cleaner sucking up a spaghetti spill than an ailing blender chewing on walnuts. AM, FM, and cassette. Not only that, but the auto-reverse feature meant that your mixtape cassette wouldn't stop right in the middle of your favorite Roxette tune. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Even the wretched Daewoo-built Pontiac LeMans gets more screen time than the forgotten 6000 in this 1991 TV ad featuring the voice of Captain Picard. Featured Gallery Junked 1991 Pontiac 6000 View 15 Photos Auto News Pontiac Automotive History Sedan