From Boom to Bust: Porsche Boxster Prices Keep Dropping

The Porsche Boxster market was booming but topped during 2022. Since then, prices have been decreasing consistently. There are, however, big differences between the older generations such as the 986 and 987, and the younger generations like the 981 and 718.
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These three things you need to know before buying a Porsche Boxster in 2023:
1. Prices are still falling since the market top of last summer but they are falling at a stable pace. Yet, depreciation rates are lower in the 986 and 987 market than in the 981 and 718 market.
2. Prices are falling the quickest in the 4L GTS and Spyder market. This is rather surprising. Generally speaking, these cars are considered to have relatively stable values.
3. Supply is plummeting, so don’t wait too long if you want to have plenty of choice. Compared to the market top, supply is down by 50%. But this does not per definition mean that prices will start to increase again. To get a better idea of the scarcity level in the market, we have a look at the average advertise time. It turns out that the cars were seller slower and slower during last year. During the last two quarters, though, the situation stabilized. Hence, it is unlikely that decrease rate will increase.
* Content*
00:00 Three things you need to know
00:55 Market overview
02:31 986
04:01 987
04:47 981
07:34 718
10:56 Scarcity level
12:13 Conclusion
Disclaimer: The Content is for educational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained in this video constitutes a solicitation, recommendation, or endorsement to buy or sell any cars. The information published has been obtained from or is based on sources which are believed to be accurate and complete. Although reasonable care has been taken, the completeness and the accuracy of any information published cannot be guaranteed. Any opinions may be wrong and may change at any time. You should always carry out your own independent verification of facts and data before making any purchase decision.

[@jameshorgan9250]

981 Spyder over 4.0 GTS. Limited supply, design. Much more special.

[@tobinosler]

Many thanks - I'm happy to have found such a data-driven analysis of the Boxster market, especially with such regular updates!

[@glennhavinoviski8128]

Excellent analysis - a lot of the decrease is just because the prices got so hyperinflated in 2021 when production of new ones slowed to a trickle. I prefer to think it's a "normalization"

[@WFORacer]

Thank you for update, some idiot ran a red light last year and totaled my 981 S . Been searching for a replacement since. Limited supply here in USA.

[@josepa.franco5227]

Thanks for this update!

[@simeonivanov3507]

They are not falling. The British Market because of the RHD is very small compared with all other big markets. The price of this cars is stable. The best models of Boxtrers and Caymans keep very very good second hand price.

[@gickneorge]

Great analysis as usual. Thank you.

[@ricsu3462]

Great analysis, thank u! I have noticed the same in the 718 gts spyder market. Prices have slumped yet supply is decreasing, weirdest thing

[@kangzau1006]

Fantastic research and analysis

[@nathanlindley]

Great job! These videos are cant-miss!

[@fourwheeltrader]

Glad you like them.

[@infamy707]

Love these and great job! Could you do one on the Alpha Romeo Giulia's? They seem to have a huge depreciation rate and curious how they fared through the pandemic and now.

[@Serckep]

Your videos are amazing

[@993GT3]

Spyders are really tough to find. Just bought one last week. Finding one with a manual, buckets and non-red interior was tricky! I’m wondering if the announcement that they stopped making them will keep the pricing level?

[@gamingsoul862]

Great work

[@thevictorylife702]

Been considering getting my first Porsche. Was originally thinking of getting the first gen boxster (relatively affordable) but I keep noticing prices slowly coming down. There’s a ton for sale that just aren’t moving.

[@DaveMoreton-mk1bh]

Interesting you bought supply into it. I wanted a boxster turbo here in Australia but haven’t been able to get one at all. There are quite a few 6 cyl versions available so will prob end up there, hadn’t even considered supply issues being a problem

[@pechorton]

Another great analysis! Thanks for taking the time to put this together. I've been following the Spyder prices for a couple of months and hit the bid on one which I'll take delivery of in about a week. I don't think I timed the market perfectly, but I do see the value of Spyders settling down a little as the volume of cars available come down now that its Spring.

[@bradw922]

981 Spyder over the 718GTS 4.0. More dramatic styling, better sound and torque is the same

[@whoeever]

Thanks for letting me know, this is great information. I was about to buy a BMW M2 competition and because of this video I saw that I can get a Porsche for the same price or cheaper.

[@vmax4575]

In 2018 I purchased a 2006 Boxster S. This one of the best everyday drivers on the road. You (with moderate mechanical skills and equipment) can work on it. It a blast to drive. Every twist and turn in the roadway more exciting. The drop top feature just adds to the fun.

[@michaelwelschmidt9338]

The cost of service and repairs has spiked in the recent 2-3 years. More complex recent models had larger declines likely due to the higher cost of replacement and service of electronic control systems. This is a concern for buyers with less fun fun money to spend. The 986 becomes the value proposition because they are more likely to have been maintained with light use and simpler systems.

[@fourwheeltrader]

*Which car would you like to see analyzed next?*

[@romulus_]

How about a market update for the Cayman? I have a 987.2 S and I'm curious about where it stands because I'm considering moving up to the 718 GTS 4.0.

[@TexasRiverRat31254]

Yes! An update on the Cayman market would be appreciated as I'm looking for a 987.2.

[@dharaninarra]

Cayman GT4 981 and 718 please

[@fourwheeltrader]

@@romulus_ I think I will do one in the upcoming weeks.

[@Kyle900t]

Audi A4 B7. Just kidding :) although B7 RS4 would be interesting.

[@KyleBrightman]

Thanks again, Harald. I was the reason you did a 986 Boxster analysis years ago, and I’m glad you have kept up with the regular market update since then, especially since it is one of the most affordable sports cars out there, and is especially enticing for those looking to get into a Porsche.

[@absolutely2935]

I said a few years ago - it’s about production numbers , hence my money and thoughts would be with a 718 cayman / Boxster GTS in 2018 ( no opf) limited cars always boom in the longer term and anything Porsche with a turbo will always go up immaterial it’s a 4 pot etc . Watch and see

[@maxvanboxel]

You never talk about the original 987 spyder. Would love to see it included in your analysis

[@asianfilmfan1]

Thanks for the update. Your right about scarcity. The dealer in Dallas told me it was very rare for them to get a used guards red 718. I bought mine the first week it was traded in. Someone tried to buy it before me but they didn’t have the credit

[@vmax4575]

Thanks for the pricing update and research. Well done. In 2018 I purchased a 2006 987 Boxster S with 38k miles on it. I had looked at many convertibles, Honda S2000’s and many versions of the Miatas. Then I found this gem. It is one of the best cars on the road. Fairly easy to work on and a blast to drive. We currently have about 70K on the odometer and will put many more miles on in the upcoming summer days.

[@TheBigJankowski]

Just bought a 2023 4.0 GTS yesterday. It was so hard finding one period. 2022's with 7500 miles are still at OG sticker. I live in California and if there is no inventory here there is no inventory anywhere else. You can count on one hand how many are in So Cal. Plus there is literally nothing in the pipeline. The good news is this is one of my favorites Porsches I've ever driven and the most fun. I've driven/ owned them all. I love the 2023 718 Boxster GTS 4.0 as a collectible for a lot of reasons.

[@getdealtwithquick]

Congratulations. want to buy one over a Spyder for the chassis, top and dare I say: I find the humps ugly. Did your dealer charge a markup? I'm in San Diego and last I checked, they wanted $25K over MSRP

[@zhaoyuan2930]

Also wondering about the markup since I find those dealers in Texas charge it everywhere

[@freddaniali]

Thank you so much for this! Can u do one on the Mercedes G wagon? Thanks!

[@stephenhester7354]

Great video as usual. Time for an F-type update?

[@fourwheeltrader]

It indeed has been a while since i updated that video 😅

[@a.c.e.7568]

Imagine buying a car and worrying what it is worth next year or in ten years. It is not a Rembrandt.

[@Rockit181]

718 Base prices for Boxsters seem to be dropping. I've seen 2 this week at $44k, clean cars

[@chrislau5052]

981 Spyder all day long! Either way they depreciate. The exhaust note is not something on stock 781s.

[@ftboomer1]

2022 Boxster GTS 4.0 in the garage and it isn't going anywhere soon. I'd still take the 718 Spyder over the 981. It is a proper Porsche GT car.

[@callez2402]

That manual cab..

[@olimphus26]

I want to know where the prices are falling because in my area are increasing instead.

[@rdiamond655]

Good news considering Porsche has announced price increases for all cars to maintain a heathy profit’. I guess the used car market is now returning to the best place for the average car enthusiast.

[@spyder_man]

981 Spyder all day long. 981 S is a bargain by comparison. Have noticed the number of available good 986 S are falling, guess its as cars get older and scrapped, good for future classic car values.

[@TheOtherClips]

Nah 987 or 781. The 981 Spyder is hobbled.

[@demondmorris7308]

Best news I've heard all day,

[@perdomus]

I was on the same spot. And I chose the spyder over the gts 4.0. First,because is not my daily. So I can deal with the top of the car. Second, no opf for the spyder= better sound, third, how special spyder it is. The spyder was only made 2486 units while the 718 series even the spyder nobody know how many are made. And also the 981 had exactly the same engine as a 991 911 so more spare parts in the future and more reliable since this one didnt get any recall. So the choice was quite obvious to me. Its like choosing between and m2 and an a new 240i, not always is about the performance. And in the long term these details make a difference

[@perdomus]

@@pcsullog true. But the fact that it had a recall count as reliability.

[@perdomus]

@@pcsullog On the affected vehicles, there is a possibility that connecting rods that were not manufactured according to specification are installed in the engine," Porsche's safety report said. "A potential defect in the surface of the connecting rod could lead to cracks, creating a loss of preload on the connecting rod screw connection. A loose connection while driving may cause engine damage, a stall, or an oil leak, increasing the risk of a crash or fire."

[@callelindstrom4789]

Have the 25 Boxster. Im so happy. Think its price will be stabil, as for the T model I think the same. Its special.

[@Only-one-life-68]

I did you but the 25 new or of a flipper

[@Malcom2345]

From what l see here in Australia Prices went crazy for the 718 4.0l. Spyder & gt4 pushing 300k! So naturally they will get a steeper correction. 981 market has slowed alot since the intro of the faster t4, ppl chasing g8 performance from the premium sportscar brand. With 4.0l prices at crazy lvls, and fewer 981 cars in demand, the turbo 4 has been the car to go for. Like all turbo cars they are highly tunable giving performance levels well above their price tags. The t4 is giving its buyers alot of bang for bucks. Consequently t4 prices are going up with demand being higher then the supply.

[@bobbyuykim]

Hi nice content well researched… if you dont mind me asking how about the 718 gt4 and gt4 rs do they also follow the same trends as the regular 718s? Thoughts? Thank you

[@fourwheeltrader]

Have a look at this video: kzbin.info/www/bejne/rajHdnqodqaYgcU

[@bobbyuykim]

@@fourwheeltrader thank you for the link… i understand why 4rs are not really been talked about maybe since there very few units around i asked bec i have a 4rs in order about to get it this may… i hope the market with these wont go the same as regular caymans…

[@imperatormouse2735]

One caveat here re the 4.0 liter models. We have to consider that those prices were unrealisticly high before they started to depreciate. Therefore the high depreciation rate for specifically 4.0 liter models is kinda biased. Its similar with luxury watches that skyrocketed until spring 2022 just to fall down like a stone and now being stable but on a high level!

[@Doty6String]

Might be time to pick up a boxter soon

[@HenrikdeGyor]

Still sounds accurate based on August-October 2023 research on the 718 Boxster S

[@thefilmandmusic]

I’m in the market for a Boxster to replace my current on .I’ve been watches prices for a yr .I’m not seeing the prices drop..U.K. market ..981’s ,987’ gone up ?

[@corradotox]

Thank you! I’m getting close to the end of my 981s lease and this analysis is very useful to decide if I should buy it out or upgrade to a 918 4.0 GTS

[@drunvert]

4.0

[@maspesasmasperras5554]

Get a mazda

[@witton6475]

I’ve been tracking prices for 2-3 years and the prices are not falling. If anything the scarcity of the flat 6 models is starting to push prices up in the UK. Only time will tell what effect the next gen will have on existing generation.

[@fourwheeltrader]

The video only applies to the US market. Indeed, things might be vastly different in the UK.

[@SPCUSTOMTV]

About the 986s/987s : The LHD Price is dropping because of taxes for export. It was an easy way for us (France ) to buy low priced Boxsters. There is also always a drop of the price on the raining months and a rise of this prices before summer. Today, a nice 986 3.2, start at 20 000 € ... a nice 2.5 will be between 15000 € and 20 000 € It was less than 10 000 € before covid ( and LHD were about 5000 - 7000 € ) .. So I assume this is for UK market only and it will be temporary. The Boxster is the last affordable Flat 6 . The price will probably again rise after this local "Brexit" effect .

[@LesDenwey]

I’m pretty confident that the low-mileage, full option 981 Boxster GTS that I bought in France a month ago will retain its value fine 😊

[@SPCUSTOMTV]

@@LesDenwey certainly ! so, not a 986/987 ^^

[@richsherman3673]

I would love to own a Boxter and be able to walk away when the Oil and Brakes are due... :)

[@Will-wv7sn]

I’ve seen some GTS models more expensive than some spyders…. Which was a head scratcher for me. Pricing with porches are so weird.

[@haocao1516]

There are way more spyder than gts 4.0 on used market for sale now. I do not think gts 4.0 price will drop quickly from my point of view. The price also depends on different cities/locations. When I was trying to order a gts 4.0 from Porsche beaverton in Oregon, I was told I would not have a chance to get one before Porsche stopped the ICE 718 (turn to EV) production. So how come the gts4.0 price will drop in such a market.....

[@Only-one-life-68]

@@haocao1516 The EV models will destroy the Porsche brand

[@neptune45]

where is the Cayman R at these days.

[@Mrdfastcars]

But prices are going up and cars are selling ? All UK dealers put all 2nd hand stock up this week.

[@blademanx]

exactly

[@panagiotismichalopoulos97]

Couldn’t care less. I bought mine to have fund and was always ready to take depreciation whenever I would decide to sell it. The soaring prices lead me to decide to keep it, because I am not willing under any circumstances to pay today’s ask prices. PS driving a 718 Boxster S with 17,5K miles (28K Km)

[@Only-one-life-68]

We have a Macan GTS 6 yo 20k miles. Owned from new.. Absolutely mint.. Reason we never px for a new GTS was the nearly £25k price increase,absolutely ridiculous..

[@hbullock]

Wait, the statement 4L boxster/spyder prices are failing as supply is plummeting. Rarity isn’t consistent with lower prices. What did I miss?

[@rdadams7507]

Nothing. He’s talking out of both sides of his mouth.

[@fourwheeltrader]

Demand. In general, supply on a stand a lone basis is a poor predictor of prices. The supply part of the video illustrates this.

[@carhabitgarage4356]

@@fourwheeltrader I would like to know how mileage on 718 Spyder impacts prices. I am seeing cars with 8-9000 miles asking 125K-130K this week. This is $15K-20K over MSRP from 2020/2021 . Porsche is going to stop making the Spyder but there are probably 2500 sold in the US now which is almost 3x the 981 Spyder. I see dealers and Private Party ads from $115K -$140K but on the Car Auction sites Cars wit 3-4k miles are going for 115K plus auction fee. Granted not enough sales to show a trend but the market has definitely softened

[@ActaeonLF]

981 Spyder over the 718 4.0 GTS every time. I really like the 4.0 GTS and it’s one of the best cars Porsche makes right now but the 981 Spyder is really special. It looks better, sounds better, weighs less, and more fun to drive. It has this more raw and pure driving feel to it that got lost in with the newer 718s. It is also rarer as they produced far fewer in only one model year.

[@theclutch19]

You know, I've been watching your videos for a long time... there as so much numbers that it's just too hard to follow. At the end of each video, I recommend you to show a "strong sell, sell, hold, buy, and strong buy" meter for the various trim levels that you're covering. You kinda need to dumb it down for us. Thanks for the videos!

[@fourwheeltrader]

Thanks for your feedback and suggestion. In this case, the three main messages were included at the beginning of the video. But I totally understand your point.

[@RezvaniMotors]

You need to compare manual vs automatic prices as that is a major difference

[@fourwheeltrader]

I have a seperate video on that: kzbin.info/www/bejne/e3bFZJdpebZ8g7M

[@davidgussmann9154]

Would be interesting see analysis by manual and PDK

[@fourwheeltrader]

I have a special video on the difference between manual and automatic Porsches. It is in the Porsche playlist, check it out.

[@rn5362]

Food for thought. Is it possible that 1. Porsche hype is cooling down a little bit as too many were built (67K cars in 2002 vs. 321K in 2022), and aren't as rare / exclusive anymore. Plus some buyers have moved on to other brands due to bad experience with Porsche dealerships & their games. 2. Baby boomers got it out of their system during the pandemic and have slowed down sports car purchases.

[@yd4360]

Piano song ?

[@andyjohnson4767]

Nonsense, the 986 and 987 market has stabalised and some of the 986 are actually appreciating

[@bendoyl02]

I know it’s not a super car nor a car but a Porsche none the less. Would it be possible to have an overview the the Cayenne market with the hybrid too in it?

[@Slickpete83]

*Where ??? , prices ain't fallin' here in Canada*

[@fourwheeltrader]

US market

[@paullt5111]

Spyder 981 not gts

[@gtrguyinaz]

Prices are way too high, I sold at the top and not buying for 2 years… not worth it..

[@researchcapt]

What are the parts costs and maintenance costs of owning one of these cars? How about the reliability? I would not expect Toyota reliability but not as bad as an an Italian car.

[@boblowe9037]

if you have to ask you can't afford it.

[@dardog7734]

Is this not because the cars are getting older and during covid prices went silly ?

[@donh1572]

With higher interest car loans, boxster will continue to depreciate

[@williammorris3334]

The 981 is the best. Last NA flat six and much better looking and lighter than the 987.2 also having a much better interior. Get one soon, Porsche is part of the crazy climate cult and won’t be making gas powered cars in two short years. All Porsches will go up eventually imo.

[@Only-one-life-68]

EV models will kill the Porsche brand

[@23Piccolina]

It was a fake market to begin with. My 2005 Boxster was worth $10k in 2017. Then suddenly in 2021 my old Boxster increased to over $20k. The price needs to drop significantly lower to be correct. The car has been overpriced for some time now.

[@damachine3]

I have a GT4 RS...I hear the value on it will skyrocket with the impending discontinuation

[@nollieflip1]

Another boxster update and cayman update pleaseeee

[@fourwheeltrader]

I did one for the caymans 4 weeks ago: kzbin.info/www/bejne/jp2bhJdqgr9ofMk

[@patrickw8302]

987.2 is holding

[@lomont4319]

I’ve never seen so few Cayman models online on Porsche’s second-hand PA French pages. Whether 981 or 982. Prices very much sustained, in part thanks to this year’s increase in CO2-based state fee for new model sales. Your narrative is very much country-dependent.

[@fourwheeltrader]

Yes, it only covers the US market and is not always transferable to Europe.

[@billnorblat4047]

When all you can get is an electric one, these will all go up again

[@correctomundo4279]

Can someone point me to a cheap 981 Boxster because I'll be fucked if I can find a decent low mileage one for a cheap price.

[@rocketcider7761]

I wouldn't worry about the milage too much unless it's like 100k+. You just need to find a car that's well maintained and get a proper PPI from a certified porsche mechanic. I picked up a fully loaded 981 base for 35k a couple weeks ago. A low milage S will run you 45k+. You can find base 981's around 30-45k depending on milage. Best of luck brotha.

[@martin2434]

전쟁 때문에 미국 경제에 문제가 있네..

[@user-gl2eq2ly4g]

Ferrari 458 SA

[@neoblackcyptron]

You might be wrong. By 2025 when the garbage EV Boxster comes out. ICE Boxster like 718 will be valuables.

[@teleris6971]

Buy a SLK and you are on the way.

[@scottsmith7337]

They’re about to explode the next gen Boxster and cayman are going to be lame EVs when that happens the 986, 987, and 981 and gona jump

[@gtt2728]

Let them fall.

[@dereklee2871]

You clearly have no idea what you're talking about, GT4/Spyder EOP is June/2023, you cannot even find an allocation paying 20k over now, you're delusional lol~

[@fourwheeltrader]

This video is not about allocations for new cars.

[@Ossi1979]

@Derek: In most of the European countries the last orders for GT4 or Spyder were in Q4/2021...

[@dereklee2871]

@@Ossi1979 really? that is extremely sad :(

[@terryspanos9046]

Seriously, this guy is a clo

[@farzadbarezpour]

spyder

[@kidnplaye4630]

Wouldn't own any xamples Poser cars for sure Keep them for the hairdresser

[@blademanx]

clown 😂