Now in its third edition, we take a closer look at the Porsche market and look out for models that may appreciate. Of course, the whole thing is – as always – highly speculative. Especially as returns can also be expressed quite subjectively in the form of driving pleasure. Instead of determining our 2024 Porsche investment picks solely on the basis of possible speculative gains, our initial focus is on driving pleasure without depreciation. If the object of desire even increases in value – all the better!
Who would have thought it? The Porsche 993 Carrera is currently priced at the same level as its predecessor, the once unloved 964. In some cases, manual 964 Carrera 2s without sunroofs are even more expensive than their younger siblings. If you go back a good ten years, 964s cost just half as much as Porsche’s last air-cooled models. However, this is not because the 993 Carreras have stagnated. Rather, the 964 has gained enormously in popularity in recent years due to the advent of Porsche backdates.
Its shape quickly found many friends, despite the departure from the classic torpedo fenders. Many consider the Porsche 993 to be the most beautiful 911 of all time. © European Collectibles
Porsche 993 Carrera 2 and 4, as well as the extremely rare 993 Targa (1,980 units), did not see such a meteoric rise in price in the same period, but they did see a steady increase. Currently, well-maintained Tiptronic Carreras start at just over 50,000 euros. Vehicles with manual transmission start at 70,000 euros. Top-of-the-range models with low mileage sometimes fetch six-figure prices. There are plenty of arguments for upward-moving prices in the 993: the cars are significantly more modern in design, the chassis is better, the engines are a good deal more powerful and the 993 is also considerably cheaper to run than the 964.
Of course, the title of the last air-cooled 911 also speaks in its favor. So the point for historical significance goes to what many consider to be the most beautiful Porsche 911 ever built, the 993. In our opinion, the 993 still has potential to increase in value. By the way: If a particularly favorable opportunity with Tiptronic presents itself, we strongly advise you to try it out instead of categorically ruling it out from the outset. After all, if you are looking for a convertible or a Targa for not too spirited pleasure drives, you can finance a lot of wonderful experiences with the 20,000 euros you save.
It is not without a certain irony that Porsche’s personified blow to the car flipping scene, which only bought limited-edition vehicles such as the 911 R for investment reasons, is now itself a good investment. Especially as the Porsche 911 GT3 Touring is not technically a separate model. From 2017, Porsche “only” offered the Touring package as a free optional extra for the 991.2 GT3.
It soon became clear that they had the right instinct in Weissach. Commercially, the 911 GT3 Touring is a complete success and seven years later it is impossible to imagine Porsche’s product range without it. It has become a constant within a very short space of time. The same applies to its value. There are only minor swings in both directions. Its average price corridor is in the range of 150,000 to 200,000 euros, depending on mileage. This means that it is still close to the new price of just over 152,000 euros.
The perfect combination for many purists: a high-revving engine paired with a six-speed manual gearbox. © ASTARA
Although there are no official production figures, it is probably just as rare as the 991 times built 911 R. The Porsche 991 GT3 Touring is therefore one of the rarest modern 911s. Hence, we see the Porsche 991 GT3 Touring as a so-called modern classic that can be enjoyed without regret. After all, depreciation is not an issue. Driving pleasure, on the other hand, is guaranteed by the now legendary 4.0 liter naturally aspirated engine with exclusively manual six-speed gearbox.
The Porsche 944 S2 is often referred to as the jewel in the crown of the whole 944 lineup. In terms of its characteristics, it is the most mature 944: well-balanced, fast, excellently finished, economical to maintain and incredibly reliable. Although its temperament does not quite match Turbo variants’, its calmness is a virtue in this case. After all, is there really a better entry-level classic sports car? Hardly…
Between 1989 and 1991, a total of 9,352 Porsche 944 S2 Coupés and 6,980 S2 Cabriolets were built. The Porsche 944 S2 always had a 3.0 liter in-line four-cylinder engine with 211 hp. In 1989, this was the largest mass produced inline four-cylinder petrol engine. This naturally aspirated spearhead of the series quickly earned a reputation for excellent durability. Consequently, there regularly are vehicles on the market with mileages of around 500,000 kilometers. Often with the first engine.
In 2024, prices for good examples start at around 20,000 euros. And the 944 S2 has been in this region for several years now. While its Turbo and Turbo S brothers have been moving ever closer to the 50,000 mark, the naturally aspirated model has lagged somewhat behind. Of course, it will retain a certain respectful distance to the Turbo 944 and will never achieve the popularity of the 911. But as it is such a good choice for first-time Porsche owners, it seems unlikely that prices will drop again at some point. Its combination of durability, economy and fantastic balance makes it synonymous with Porsche’s brand values. In addition to driving pleasure, it is very likely to increase in value in the future.
The absolute super 911 from Porsche’s 997 era was without a doubt the GT2 RS. Porsche launched a GT2 with the Rennsport abbreviation in its name for the first time in 2010. With 620 hp from a 3.6-liter biturbo engine, it then was the most powerful Porsche 911 of all time. Only the 997 Speedster and Sport Classic were able to beat its already very strict limitation of just 500 units (although 510 were reportedly built).
A rare powerhouse with 620 hp – The Porsche 997 GT2 RS, of which only 510 were built, could be a good investment. © House of Cars
In terms of price, however, the most extreme turbocharged Porsche 997 has not yet really taken off. Although it clearly outstrips its original price of just under 240,000 euros, it is still regularly available for prices below 350,000 euros. While a 991 GT2 RS has already sold for a seven-figure sum at RM Sotheby’s White Collection auction, the 997 GT2 RS is still a few hundred thousand euros away from that. Keeping in mind, that its successor was sold in 1,000 units, we see potential for appreciation. Even with three-digit mileage, the asking prices are more in the region of 650,000 euros.
The Porsche 997 GT2 RS is therefore potentially a very solid stock in the Porsche universe. It seems extremely unlikely that these cars will be available for less than 300,000 euros again. However, one should not forget: It is so much more than a drivable asset. Its lap time on the Nürburgring Nordschleife alone proves this. At 7:18 minutes, it beat the Porsche Carrera GT by more than 14 seconds. So if you dare, you can also experience impressive performance in the GT2 RS. The very brave can even break the 200 mph barrier with it.
In 2013, Porsche ventured into the shark tank of hypercars for the first time. A good ten years ago, the Porsche 918 Spyder competed with Ferrari’s LaFerrari and the McLaren P1 for the crown of automotive engineering. For just under 800,000 euros, 918 buyers received an 887 hp hybrid drive with a 4.6-liter high-revving naturally aspirated V8-engine and two electric motors that contributed 279 additional horsepower.
Prices for Porsche’s ticket to the premier class of hyper cars consolidated relatively quickly in the seven-figure range. Vehicles with higher mileage – which in this league means just five-digit mileage – were between 1.2 and 1.3 million euros in 2023. However, most 918 Spyders now tend to be priced above 1.5 million euros.
And the past shows that these so-called halo cars are a crisis-proof investment. Due to their strict limitations, combined with incredible driving performance and the sheer media hype surrounding their launch, vehicles of this type quickly become driving legends. That’s why the Porsche 918 Spyder – with or without the Weissach package – is one of our investment tips for 2024.
It’s easy to argue about whether a 75-year-old car should really be driven or whether it should be on public display in a museum. But at the end of the day, a car remains a means of transportation that the respective owners should enjoy, which they sometimes do more, sometimes less. And this can of course happen in many ways. Be it through regular appraisals with ever-increasing replacement values, or simply by enjoying the car on your local roads on Sundays. However, all Porsches were built to be a joy to drive. That’s why I’m making this appeal out of conviction: Enjoy your cars, create experiences and share them with like-minded people.
Elferspot magazine
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