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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:

Wanted: 1967 Pontiac GTO for a special Father's Day

Jim Sharp of Elkhorn, Wisconsin needs a red 1967 Pontiac GTO to make his dad's Father's Day, possibly his last one, something extra special.
Back in the '60s, Jim's dad, Ken, drove a cherry red 1967 GTO to California for a job. He met a girl, got married and decided his wife's 1965 Ford Mustang was more fuel efficient than the Goat and the GTO was sold. As the story almost always goes, Ken has had seller's regret ever since.
Jim always meant to find a 1967 GTO and, with his dad's help, restore it. But life got in the way, time slipped by and Ken was recently diagnosed with esophageal cancer and given about three months to live.

Baseball team to dress like Trans Am, complete with screaming chicken

Come to think of it, the Screaming Chicken actually sounds like the name of a minor league baseball team. Well, it isn't, but the famous logo of the same name that graced the hood of the 1970s Pontiac Trans Am will at least be making it to a baseball uniform this summer. The Lansing Lugnuts, a Single-A affiliate of the Toronto Blue Jays, will be rocking these special uniforms to honor the late Burt Reynolds and his film Smokey and the Bandit. By default, it will also be honoring the car the movie made famous: the 1977 Trans Am painted black with gold trim and, of course, the screaming chicken on the hood. This is a pretty good history of the emblem. So why the Lugnuts and Burt Reynolds? Although he claimed to be born in Georgia for much of his career, he admitted in a 2015 autobiography that he was in fact born in Lansing, Mich. After a few years, his family settled in Florida. Not exactly hometown hero stuff, but minor league baseball promotions have been made of more tenuous connections. The Burt Reynolds tribute night will be July 20, and if you want to get a screaming chicken jersey for yourself (I mean, wouldn't they be perfect for a cars and coffee?), the game-used jerseys will be auctioned off for charity after the game.