Porsche Philippines organizes its first cars and coffee gathering
A few weekends ago, Porsche Philippines organized “cars and coffee” gathering inside its EDSA, Greenhills showroom with the motoring media. Together with the brand new Porsche cars on sale inside the showroom, on display were three highly collectible and classic first generation Porsche 911 and 912 sports cars carefully curated for the event.
Present during the breakfast gathering were Porsche Philippines chairman Robert Coyiuto Jr. and his son Robert “Ompee” Coyiuto III who serves as the president and CEO for Porsche Philippines together with the company’s top executives Nick Lagmay and Amado Del Rosario. The group traded auto industry topics including the looming excise tax, which is seen to severely affect the prices of luxury cars in 2018.
There was a red 912, a white 911S and a very rare white 911 Turbo (dubbed as the 930) Cabriolet. All these three cars form part of PGA Cars and Porsche Philippines chairman Robert Coyiuto Jr.’s personal collection he has acquired many years ago. The 912 was repainted to the correct red color according to the car’s VIN number because when it was acquired from the previous owner, it was repainted in white color. According to Porsche Philippines’ Christopher Chan, “Mr. Coyiuto wanted to restore this 912 based on its original state. We looked at the VIN and discovered that the white color was not the original color, so we repainted it again back to red.”
He further added they are still acquiring classic Porsches if there are available in the market. “Prices are so crazy these days, specially for the air-cooled 911’s and it is still going up!” He added.
The 911S is an original S model, which means it has a more powerful engine than the entry-level non-S variant. Its 2.4 liter 6 cylinder flat-6 engine has a rated horsepower of 190 hp, which was quite powerful already back in the 1970s. The most desirable among the three is the 1988 911 Turbo Cabriolet. Sometimes known as the 930 model, has a bigger 3.3 liter turbocharged flat-6 engine that delivers over 280 hp, a very powerful engine back then. This 930’s engine blew so they ordered a brand new original 930 engine from Porsche and it was said to be last available period-correct engine in Stuttgart.
Chan further adds that a typical first to third generation air-cooled 911 are in the hundred thousand US dollar range, or even higher for cars in very pristine condition. It seems like the spare-no-expense attitude is not making any sense, but considering the prices of these collectible cars, it sounds like a good investment after all.