Porsche 911 long-hood price trends, 2nd generation

• A flat base from 2011 to mid-2013: the grade-2 values barely move (911 S Coupé steady at €61,000, 911 T Targa 1969-1970 steady at €38,500); only the E series and the 911 T Coupé 1969-1971 edge up at the start
• The boom from late 2013 to early 2016: between August and November 2013 Classic Data lifts the 1969-1971 series sharply (911 S Coupé: €61,000 to €96,000), with the short T series following between November 2013 and March 2014 (911 T 1969 Coupé: €42,000 to €86,000); the short T series reach their all-time highs as early as the start of 2015 (€94,000 and €89,500), the rest from early 2016 (911 S Coupé: €142,500)
• A plateau at the all-time highs in 2016/2017: all eight series hold their peaks to the end of 2017 (911 S Coupé €142,500, 911 E Coupé €98,200, 911 T Coupé €96,500)
• Gentle markdowns in 2018/2019: values slip 3 to 9 per cent below the peaks, though the S series climb again in 2019 against the trend (Coupé: €132,000 to €138,000)
• The cut of 2020: between the November 2019 and September 2020 tables, Classic Data reduces the grade-2 values by roughly 7 to 19 per cent (911 S Coupé: €138,000 to €119,000); the short T series are hit hardest (minus 19 per cent, with the second step coming only between June and September 2020), far more mildly than the 1st generation (minus 17 to 32 per cent there); after that it runs sideways to the end of 2021
• Recovery from December 2021 to May 2023: 11 to 17 per cent up in two steps from the 2021 level to the interim high of May to November 2023 (911 S Coupé: €137,000), which stays below the all-time highs of 2016/17
• A falling market since late 2023: by May 2026 all eight series have lost 14 to 16 per cent from the interim high (911 S Coupé: €137,000 to €118,000, 911 T Coupé: €87,000 to €73,000); the May 2026 tables show no sign of a floor
• June 2026: the median sale prices of the documented sales sit between grade 2 and grade 1, in places at or above grade 1 (911 E 2.2 Targa: €119,800 against a grade-1 value of €104,000); that reflects prepared dealer cars in top condition and does not contradict the falling market trend

• At a €150,000 median sale price (25 sales) the 911 S 2.2 Coupé is the most expensive production cell of the 2.2-litre era, and at a median of 8 days on the market it also sells the fastest
• The usual Targa discount reverses on the T and the E: the 911 E 2.2 Targa (€119,800) sits above the E 2.2 Coupé (€104,000), and the T 2.2 Targa (€98,000) above the T 2.2 Coupé (€94,911); on the S the Coupé stays ahead. Small Targa cells and the change of method both call for caution
• With 41 sales the 911 T 2.2 Coupé is by far the largest cell and, at a €94,911 median, the cheapest reliable way into the 2nd generation
• Data quality: 35 of the 172 raw records were repeat or cross-platform listings; one T Targa listed as a "Cabriolet" appeared in the archive 16 times on its own. Without that clean-up the T cell would be roughly 17 records larger
• The 911 Ts listed as "Cabriolet" (6 sales, €81,325 median) are an artefact of the platform: there was no factory long-hood Cabriolet
• An outlier at the top: a 911 ST (first registered 1970) changed hands for €935,215, a single sale outside any production cell
• Set against the market values: the medians sit between Classic Data grade 2 and grade 1 (May 2026); at €98,000 the 911 T 2.2 Targa hits the grade-1 value exactly, and at €119,800 the 911 E 2.2 Targa is above it (grade 1: €104,000), which is typical of prepared dealer cars

Contrary to the common assumption, prices for classic Porsche 911s do not rise continuously. The Classic Data series show clear cycles: a flat base from 2011 to mid-2013, the boom from late 2013 to early 2016 with all-time highs in 2016/17, gentle markdowns in 2018/19, the cut of 2020, recovery from late 2021 to May 2023 and correction since late 2023. Understanding that lets you buy strategically or sell at the right moment.

At a €109,880 average price in April 2025 (grade 1: €166,000) and a €150,000 median sale price in June 2026, the 911 S 2.2 Coupé remains the undisputed leader among the production models. The new Classic Data series confirms it: a grade-2 market value of €118,000 in May 2026, an all-time high of €142,500 (2016/17) and, at minus 17.2 per cent since that peak, the smallest fall of any Coupé series. Demand is high and the numbers built are low: classic collector dynamics. The S Targa shows strength too: at minus 16.2 per cent since its peak it holds up best of all eight series, and in the sales archive it sits behind the Coupé at a €124,900 median.

Technically close to the S but considerably cheaper: the 911 E 2.2 Coupé (average €73,360) and Targa (average €70,630) sat in the stable middle of the field in April 2025. The June 2026 median sale prices confirm that position: €104,000 (Coupé, n=19) and €119,800 (Targa, n=9). The Coupé thus sits just below the Classic Data grade-1 value of €107,000, the Targa well above its own grade-1 value of €104,000, which reflects the high proportion of prepared dealer cars in the archive. Ideal for enthusiasts who want to combine driving with collecting.

In the April 2025 analysis the Targa versions sat roughly 3-7% below Coupé prices, and the gap had narrowed slightly since 2021, a sign that younger buyers were warming to the classic Targa. The Classic Data market values of May 2026 also put the Targas around 3 to 5 per cent below the Coupés (911 T 2.2: €69,600 against €73,000 at grade 2). Reality check, June 2026: in the documented sales the picture actually reverses on the T and the E (T 2.2 Targa €98,000 against the Coupé at €94,911; E 2.2 Targa €119,800 against the Coupé at €104,000), and only on the S does the Coupé stay ahead. The Targa cells are, however, smaller than the Coupé cells.

The simplest variant, but by no means the least interesting: over the long run the 911 T shows solid gains from a low starting point (grade 2 since October 2011: 58 to 83 per cent up, depending on the T series), though it has also been through the deepest correction of the generation (minus 24 to 25 per cent since the peaks of 2015 to 2017). In April 2025 the Targa and Coupé with the 2.0- or 2.2-litre engine offered a great deal of Porsche DNA below the €70,000 mark (average prices). Reality check, June 2026: the documented sales are above that, with the T 2.2 Coupé at €94,911 (n=41) and the T 2.2 Targa at €98,000 (n=19); within the model range it remains the way in.

• 911 S Coupé (1970-71): the highest values, small numbers built, sustained international demand
• 911 E Coupé: technically strong, solid performance, a cheaper way in than the S
• 911 T Coupé (2.2): the ongoing correction opens a window to buy; strong growth 2013-2016 (grade 2: €44,700 to €96,500)
• A special case: the T Targa (2.0): a low entry level in April 2025 with long-term potential; the June 2026 median sale price already stands at €118,250 (1st generation report)

• 911 E Targa: the perfect mix of sporting character and everyday use, at an attractive price
• 911 T Coupé (2.0): a purist way into the 911 experience, with unfiltered sound and character
• 911 S Targa: a rare, sporting Targa, for demanding drivers who also collect
• A special case: the E Coupé: an all-rounder for touring, rallying and a private collection alike

Younger collectors entering the market could further raise demand for mechanically simpler, usable classics such as the early 911s, which count as the first generation of the "modern" 911.

Growing electrification in the new-car market is likely to sharpen interest in purist, analogue sports cars with a combustion engine full of character, which could feed through positively into values.

Possible restrictions on combustion-engined cars in city centres could affect the market, though exemptions for historic vehicles are generally to be expected.

Rising costs for skilled labour and original parts will lift the value of already perfectly restored cars by more than the average.