Porsche 997 991 992 Carrera Price Trends

• Volume: 5,887 documented sales in eight months. With 2,086 sales the 992.1 is the most traded generation, followed by the 997.1 (1,158); the new 992.2 already reaches 480 and is settling at €139,900 (Coupé) and €150,911 (Cabriolet)
• The manual premium is positive throughout the 997s: +€10,000 on the 997.1 Carrera (€59,000 vs €49,000), +€10,053 on the 997.1 Carrera S, +€10,434 on the 997.2 Carrera, and a peak of +€27,200 on the 997.1 Carrera 4 (€79,900 vs €52,700)
• On the 997.2 the manual medians also exceed the PDK figures in all three newly added rear-drive cells: +€5,000 in the Carrera S Coupé (€77,900 vs €72,900), +€1,336 in the Carrera S Cabriolet (€71,331 vs €69,995), +€1,000 in the Carrera Cabriolet (€68,997 vs €67,997); the manual premium is small here, but consistently positive
• From the 991 on, the picture flips: parity on the 991.1 Carrera (€74,900 vs €74,991), and on the 992.1 manuals sometimes trade below PDK (Carrera: -€2,390, 4S Cabriolet: -€10,060). Only the S Coupés hold a premium: +€7,217 (991.1), +€11,041 (991.2), +€2,810 (992.1)
• The gap from Carrera to Carrera S shrinks to +5.9% on the 992.1 (€118,000 vs €124,990); on the 991.1 it is +14.3%, on the 997.1 +11.4%. The cheapest way into the 911 world: the 997.1 Carrera Coupé at a €52,000 median (145 sales)
• The Targa premium quantified for the first time: depending on the generation, +3.1% to +40.0% over the comparable all-wheel-drive Coupé, most extreme on the 991.1 Carrera 4 Targa (€104,991 vs €74,991, though on only 9 sales). The one exception is the 997.1 Carrera 4 Targa, which on just 3 sales sits marginally below the Carrera 4
• Special series pay off: the 991.1 Carrera S "50 Years" achieves a €159,900 median at 32,000 km (35 sales), +86% over the regular Carrera S (€85,740)
• Data artefacts: maximum figures such as €911,992 (992.1 Carrera), €999,999 (997.1 Carrera S Cabriolet) or €379,980 (991.2 Carrera 4 Targa) are placeholders or recording outliers and do not represent real market prices

• The 2016 low is clearly behind it: the manual Carrera Coupé fell from €90,000 (2004) to €28,000 (2016) and recovered to €45,000 by 2025; the 2026 median sale price of €59,000 (n=59) sits well above that again
• The manual premium is positive in every rear-drive cell in 2026: +€10,000 on the Carrera, +€10,053 on the Carrera S (€63,998 vs €53,945), +€4,990 on the Carrera Cabriolet (€54,980 vs €49,990), +€3,984 on the Carrera S Cabriolet (€59,974 vs €55,990)
• Coupé and Cabriolet are practically level in the median sale prices: €52,000 vs €51,500 (Carrera) and €57,950 vs €57,998 (Carrera S)
• The most expensive 997.1 cell is the Carrera 4S Targa at a €65,900 median (25 sales); median mileages for the generation are honestly high, from 72,780 to 126,500 km

Documented sales, 997.1 (Oct 2025 to June 2026)

The maximum of €999,999 on the Carrera S Cabriolet is a placeholder artefact in the source material. A model with no suffix is the Coupé.

• Price low in 2018, with a moderate and continuous recovery across all variants since
• 2026 median sale prices for the Carrera Coupé: €69,424 with the manual (n=22) vs €58,990 with PDK (n=66), taking the manual premium to +€10,434
• A data top-up has completed the rear-drive cells: Carrera S €72,900 (n=89), Carrera S Cabriolet €69,996 (n=90) and Carrera Cabriolet €68,945 (n=62); the S premium in the Coupé comes to +€9,159 in the median sale price (€63,741 vs €72,900), and every curve in the chart now runs to 2026
• All-wheel-drive variants make up 6 of the 10 cells, led by the 4S Targa at an €80,316 median (20 sales)

Documented sales, 997.2 (Oct 2025 to June 2026)

A model with no suffix is the Coupé.

• The turn is complete: the curves bottomed out in 2022 (manual Carrera Coupé: €60,000), have risen again since 2023 and reached €66,000 in 2025; the 2026 median sale price is €74,900 (n=11)
• A special series as an outlier on the upside: the Carrera S "50 Years" at a €159,900 median with only 32,000 km (35 sales), +86% over the regular Carrera S (€85,740)
• Carrera and Carrera 4 achieve exactly the same median (€74,991), but the all-wheel-drive car sells considerably faster at 10 days on market (Carrera: 24 days)
• Gearbox: parity on the Carrera (€74,900 vs €74,991), a +€7,217 manual premium on the Carrera S (€92,645 vs €85,428)

Documented sales, 991.1 (Oct 2025 to June 2026)

A model with no suffix is the Coupé. The "50 Years of the 911" special series is based on the Carrera S and is shown separately.

• The average curves fall through 2025; the June 2026 median sale prices lie consistently above them (Carrera PDK: €89,900 vs the €78,000 curve figure for 2025), so the low has probably been reached earlier than originally projected
• Carrera S with the manual: €109,991 median (n=9), +€11,041 over the PDK version (€98,950)
• The Targa premium over the corresponding all-wheel-drive Coupé: +20.6% on the Carrera 4 Targa, +17.2% on the 4S Targa
• The maximum of €379,980 on the Carrera 4 Targa (n=11) is a recording outlier and does not represent the market level

Documented sales, 991.2 (Oct 2025 to June 2026)

A model with no suffix is the Coupé.

• With 2,086 documented sales, the most traded Carrera generation in the archive
• Depreciation is still running: the PDK Coupé from €165,000 (2019) to €110,000 (2025); the 2026 median sale price of €118,290 (n=300) is nonetheless above the extrapolated curve figure
• The manual premium is melting away: Carrera S with the manual €127,800 (n=35) vs €124,990 with PDK, only +€2,810 now; on the 4S Cabriolet manuals trade €10,060 below PDK
• A curiosity of the medians: the Carrera Cabriolet (€124,992) sits almost to the euro alongside the Carrera S Coupé (€124,990)

Documented sales, 992.1 (Oct 2025 to June 2026)

A model with no suffix is the Coupé. The maximum of €911,992 on the Carrera is a placeholder artefact in the source material, not a real transaction price.

• 480 documented sales in the first months: the 992.2 is settling at €139,900 (Carrera, n=222) and €150,911 (Carrera Cabriolet, n=227)
• Effectively a new-car stock: median mileage 8,430 km (Coupé) and 8,699 km (Cabriolet), with 26 and 21 days on market respectively
• The S variants are only in the market in small numbers so far: Carrera S €167,838 (n=8), Carrera S Cabriolet €183,480 (n=9), Carrera 4S €158,000 (n=5)
• One point of context: the 992.2 Carrera is not a hybrid; in this generation the T-Hybrid drivetrain is reserved for the GTS

Documented sales, 992.2 (Oct 2025 to June 2026)

A model with no suffix is the Coupé. With only one documented sale, the 992.2 Carrera 4 is not listed. There is as yet no historical average curve for this young generation, so the chart is omitted.

The analysis shows interesting patterns in how Coupé and Cabriolet values develop:

• When new: a Cabriolet costs roughly €8,000-15,000 more than a comparable Coupé
• Medium term: on older cars (997.1, 997.2) the prices converge after a few years
• In the oldest generation (997.1) the two body styles are practically level in the 2026 median sale prices: €52,000 (Coupé) vs €51,500 (Cabriolet), and €57,950 vs €57,998 on the Carrera S
• On newer cars (991, 992): the price difference largely persists into the used market (992.1 in 2025: €110,000 Coupé vs €125,000 Cabriolet, both PDK)
• In percentage terms both body styles lose similarly; in the curves Coupés fall slightly harder from their lower starting level (991.1 manual Coupé: -48% to the 2022 low, Cabriolet: -44%)

Coupés count as the more purist collector’s choice. In the 2026 median sale prices that shows above all in the manual Coupés: the most expensive 997.1 rear-drive cell is the Carrera S Coupé with the manual gearbox (€63,998).

The choice of gearbox has a significant influence on value:

• 997.1 generation: the manual is roughly €5,000-10,000 more than Tiptronic, with the gap widening as the cars age; in the 2026 median sale prices +€10,000 on the Carrera and +€10,053 on the Carrera S
• 997.2 generation: the manual is roughly €5,000-10,000 more than PDK, and manual cars hold their value very steadily; the 2026 median sale price of the Coupé is +€10,434, while the newly added rear-drive cells (Carrera S Coupé, both Cabriolets) show smaller but consistently positive premiums of +€1,000 to €5,000
• 991.1 generation: the curves show a steady €5,000-6,000 difference between manual and PDK. The 2026 medians are more nuanced: parity on the Carrera (€74,900 vs €74,991), +€7,217 on the Carrera S, which remains the generation’s most sought-after manual cell
• 991.2 generation: a premium of roughly €5,000 in the curves, and far rarer than the PDK versions; in the 2026 median sale price of the Carrera S, +€11,041 (though on only 9 manual sales)
• 992.1 generation: the manual is only available in selected variants. The curves show a €5,000-8,000 premium; the 2026 median sale prices show only +€2,810 on the Carrera S, and on the 4S Cabriolet manuals trade €10,060 below PDK

As the shift towards automatics continues, manual gearboxes become ever rarer and therefore more valuable as collectors’ items. According to the sale data that applies above all to the naturally aspirated 997 and 991.1 generations; on the 992.1 the market no longer pays the premium consistently.

The different generations show distinct value patterns:

• 997.1 generation: the low is already behind it (2016). Prices have risen again since 2017, particularly for manual cars. Most sought-after rear-drive variant: the Carrera S Coupé with the manual gearbox (2026 median sale price: €63,998)
• 997.2 generation: a similar pattern to the 997.1, but with value stabilising later. The price low came in 2018, with moderate rises since then across almost all variants
• 991.1 generation: past its 2022 low, with the curves rising again since 2023; the 2026 median sale prices confirm the turn. The naturally aspirated engines (as against the turbos of the 991.2) argue for continued value stability
• 991.2 generation: through 2025 the curves follow the typical depreciation of a new car, but the 2026 median sale prices are already above the 2025 averages. The medians support value stability above all on the Carrera S with the manual gearbox (+€11,041 over PDK)
• 992.1 generation: a steep depreciation curve typical of current cars (PDK Coupé: -33% from 2019 to 2025); Coupés and Cabriolets lose a similar share (Cabriolet: -31%)
• 992.2 generation: too young for a curve; it starts in the sale data at €139,900 (Coupé) and €150,911 (Cabriolet)

• According to the curves the low was reached in 2022 (manual Carrera Coupé: €60,000)
• The curves have risen again since 2023, to €66,000 by 2025
• The turn is therefore complete, and the June 2026 median sale prices (€74,900 to €92,645 depending on the rear-drive configuration) confirm it

• The average curves fall through 2025 inclusive; the price low was originally expected around 2026-2027
• The June 2026 median sale prices are already above the 2025 curve figures, however (Carrera PDK: €89,900 vs €78,000), so the floor is likely to arrive earlier
• A lasting stabilisation should be confirmed in the coming exports before anyone speaks of a turn (medians and average curves are not methodologically identical)
• The rarer manual variants show the turn first: the manual Carrera S at a €109,991 median (+€11,041 over PDK)

Several specific factors shape the future appreciation potential of the 991 generation:

Distinctive technical features:

• 991.1: the last naturally aspirated generation of the 911
• 991.2: the first generation with turbocharged engines in the Carrera range
• These technical breaks raise collector value

Gearbox variants as a value driver:

• The manual gearbox is increasingly a distinguishing feature and a value driver
• In the 991 generation the share of manual cars is already considerably lower than in the 997
• Manual variants accordingly have greater appreciation potential

Particular collector combinations:

• Especially sought after: the combination of a naturally aspirated engine and a manual gearbox
• Special equipment and limited editions will appreciate above average