The Truth About The Porsche GT3 Market in 2024: Unveiling Price Trends That Could Cost You

[@fourwheeltrader]

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

[@user-tj8fj8cr9m]

992 GT3 RS

[@xxxxare]

BMW M4 (F82) I am looking into manuals, CS and GTS versions (in Germany). Would be interesting to see some enthusiast cars at a lower price range.

[@DarkTouch]

@@user-tj8fj8cr9m this please... 992 gt3RS

[@owenclark9567]

American muscles like: S550 Mustang, Challenger/Charger, 5th Gen Camaro ZL1 Update on Supra and Nissan Z W212 E63 AMG, C63 AMG Most of these are older models, so it’d be interesting to see how prices have stabilized

[@nr1416]

GT4

[@andreabiguzzi5023]

I think that the 991.2 will give excellent results in the future, among the modern ones it is the most beautiful, a timeless line, it is technological and at the same time analogue. 991.2 and 997.2 are the best.

[@Jay-xr3sb]

991.1, I a world of huge power via EV/hybrid/turbo cars...the NA will fair best

[@993mike]

Agree. As a Porsche owner for 30 years and 14 cars including 4 GT3's, the 991.2 is a great car and probably the best looking and has that awesome 4.0L engine. I would not buy a 991.1 with the iffy engine, as the extended 10-year engine warranty Porsche added to those cars will be gone soon. 997.2 is a huge improvement over the 997.1, and prices reflect that. 992's are great if you can afford one, and if you're OK with how big they are, having a digital dash, and that mass of black plastic on the nose which I never cared for. I always thought it was strange that only the touring model's nose is painted.

[@brianwrigley2829]

History will show 991.2 will end up being the best one.

[@PRS-dk4mz]

Excellent presentation as always. I like how you highlighted any areas where the results should be interpreted with caution. It is important to also make sense of the data to see if there are rationale behind the potential trends. To that end, I say the 997 GT3 trends make a ton of sense. Much fewer numbers made than later generations, and for the 997.2, some of the very last mezger engines with hydraulic steering with analog driving dynamics, and just old enough to begin to be considered as modern classics. Moreover, those who own them are not selling. As an enthusiast, I struggle to think what it could be replaced with.

[@freddysardinas1351]

Keep up the great work!!

[@tobysbreathisverybad]

No need to be dramatic. Stay informative and we’ll stick with you.

[@Xolition]

Facts

[@BorisHristov]

Super nice video again. Thank you for it! My 2 cents on the 992 Touring as I am looking for one (PDK, steel brakes, not PTS color) for the last 4 -5 months and monitoring the European market. 1. Almost every Porsche (with few exceptions) are down on price. Now, people like me who were selling one of their Porsches (owner of 2 now - 3 till recently) might want to sell it at what they expect the price should be, but the reality is the market is down and if you truly want to sell the car, you will have to discount it. And heavily so. Examples coming below. 2. 991.2 Touring is limited edition car. 992 Touring is not. Let's keep this in mind for a sec. 3. 991.2 Touring you can pick at prices starting at 165k euro today (and above, of course). 4. 992 Touring (one of them) that I had bookmarked that costed 200k+ just got sold once it was discounted 14000 euros to 186k. I believe they probably negotiated it to 184-5. 5. Another 992 touring that was 220k was sold in the same way once it got discounted with 18000 euros. Once that happened, one day later the offer disappeared. So maybe 200k was the final price? 6. All of this to say that all of these 992 Touring cars that are actually not limited cars which get published for 200k+ (again PDK, steel brakes, not PTS color) are currently having very hard time being sold on those prices. Have in mind - I want one of these cars and I am not by any chance inferring anything bad against the buyers here. However... 7. I know the 992.2 GT3 is 99% to be announced till the end of 2024 and first production starts Jan 2025 (Porsche will push this one first and not the Turbo because of some EU regulations on emissions). That means that if the market is full of 992 Touring for sale today, imagine what happens next summer-autumn when the new ones start showing up. I would argue prices of 992.1 next summer will go even lower to maybe (wild guessing everyone) - 150/60k and that will be for some pretty decent cars. This is the moment which I personally am waiting for and hope this is how things will turn out. Question, however, is what happens with 991.2 Touring which is currently at the prices it is. Especially when we all realize it is that car that's the limited production car. For many, the better GT3 as well - only manual, the overall aesthetics, etc. Curious to follow the market on these 2 for sure and wondering what you all think. Again - thanks for the videos and all the work you put into them!

[@xxxxare]

Thank you very much for the trends in the German market!

[@gorizara6162]

thank you for great job! i am glad i had a chance to buy one of these when prices where more affordable!

[@xtim0x]

Well-maintained 991.1 GT3s with the G6 engine are definitely future classics, especially with that exhilarating 9k rev range. They offer a more raw and engaging driving experience compared to the 991.2. Plus, with Porsche CPO extending coverage for 5 more years after the 10-year factory engine warranty, it’s only a matter of time before prices start climbing.

[@millerlena3926]

Thanks for including the German Market ❤

[@911aircooled5]

Great analysis as always, and v good timing. I've noted that the market has changed in Australia. I have also noted that manuals are getting bought much faster than PDKs. One possible reason is that I have heard that the GT3 992.2 will not be available as a manual, yet to be confirmed by Porsche HQ. Thanks for you efforts and vlog.

[@shahrukhbakar3248]

Now that the 10-year engine warranty is coming to an end for 991.1 GT3s, is this priced into the market?

[@tbtb196]

I think that most mid to high mileage cars have had the engine replaced vs low mile cars. The sweet spot seems to be around 25-30K miles. If you haven’t had cam follower issues by then, you shouldn’t have any issues while the low mile cars (under 15K) probably haven’t been driven enough or certainly hard enough to experience the issue. My guess is these cars will continue to be covered by Porsche anyway. TBH most people I talk to in regards to 991.1 engine issues seem to not know anything about it, or atleast act like they dont. Easy enough to check under the rear deck lid or pull a factory service report.

[@akkando]

The rear decklid doesn't tell the tale. You'll need to look at the code physically stamped to the engine. I've never ever seen the engine code sticker updated on the lid after the latest engine was installed.

[@tbtb196]

@@akkando its supposed to be, and most of the ones I have seen have it. I sold my 991.1 with 30K miles on it and it had the original engine with no problems.

[@lapchoine6600]

This year I have seen alot of 991.1 GT3 selling because they want to get rid of it after the warranty ends. No one wants to pay $40K USD for engine replacement. A lot sold for only $100K. Its even cheaper than getting the 997 GT3 now.

[@GohardGTRSCars]

Nice to see data for the German market!

[@MTbone7]

997 GT3 will always be the king

[@lapchoine6600]

I sold my GT3 after only 2yrs of ownership and driving it only 3000 miles because the clutch is so heavy that it wasn't fun driving at all. It was fun at the beginning but after 6 months later I had enough with the stiff clutch. Not unless you are a hard core racing driver then ok yeah the car handles really well. Sold it and got myself a 992 GT3 and now I enjoy the car so much and even daily driving it.

[@MTbone7]

@@lapchoine6600 hmmm that’s why most guys like the 997

[@jameshoward9700]

100%. Those that know, know.

[@Driver.Diaries]

I sold a 997 GT3, what an amazing and organic drive. That hydraulic steering is just sublime. Amazing car.

[@mabedfo]

@@lapchoine6600 FYI I've driven the 997.1 GT3 many times, and now own a 997.2. The clutch is much lighter in the .2 Overall the 997.2 feels a big jump on from the .1 You know what they say "the sum of their parts....."

[@jeffreykilpatrick3592]

Just sold my 2023 Panamera that cost me $165,000 for $108,000 to a local porsche dealer and this was over $10,000 more than three other dealers offered me. So not only is the taycon market collapsing but sedans are devastating,

[@hanspeter24]

well they never appreciated if you thought that idk 🤔

[@jabeez1010]

Yea but come on. This is how it always goes. Look at any BMW 7 series or Mercedes S class after a few years. Has always been a scary proposition. Cost to be the boss.

[@scottyolo1]

Good lord. Why did you sell so soon!?!

[@PRS-dk4mz]

For the models that we know their production numbers, may I suggest including that bit of information coupled with your detailed transactions data? I think that could be very telling and may help forecast any trends and weed out potential noises.

[@Inazuma68]

I stick with my 996.2 GT3 and drive, it‘s just too much fun 🤷‍♂️

[@unclenas666]

Same here, 5 years at least, pure enjoy 🤌

[@detonator2112]

They made 8000 units of 992 GT3 models. I mean how stupid you have to be to even think that becomes a "collector's item"? The only real collectors items are the actually rare special air cooled models (1974 RS, 964 RS, 964 Turbo 3.6, 993 RS, 993 GT2 and Turbo S). They made only a few hundred to thousand of each.

[@VK6AB-]

The 991.2 GT3 and 991.2 GT3 RS were peak Porsche.

[@MrNufzed]

When all the 911 model Porsches jumped waay up since Covid …I never drank the lemonade …. 911carreraS jumped to Gt3 prices and Gt3 s went from 160-180 to 250-300…. Poleeeze

[@rudfil]

I had the opportunity to drive a 2021 911GT3 RS on a small test track and it sure was exciting to push it on this small track. But I think the prices for these cars are way too expensive for what they are.

[@PhillipCun]

997.1 GT3 are the best value but some days I think about upgrading to 997.2 RS. Double the money seems a bit ridiculous tho

[@Vanmada]

Hi, I enjoy each of your videos. I noticed however there are no videos regarding the Jaguar F-type. Would you consider this car for one of your next videos? Much appreciated. Thanks! David

[@fourwheeltrader]

There are several videos on the f-type. It is also included in videos covering multiple cars like the front engine gt market update and the quickest depreciating cars.

[@Vanmada]

Ok, I must have overlooked them. I will check them out. Thanks for your reply

[@Flushandfit]

E92 M3 next!

[@sarastroaster2457]

please make the check on Ferraris including the Portofino !!!! Thank you so much! I keep thinking it is better holding value than the Roma, but only you can check that seriously!

[@fourwheeltrader]

It is still missing indeed. I have plans to include it but it will be a while before it makes it to the channel.

[@saulgoodmanisreal]

Hello, I am looking at some GT3’s and I am tracking the price of GT3 2022. What do you think is the best time to buy them this year? PDK is preferred.

[@WerdeOnlineErfolgreich]

I sold my 991.2 GT3 and got myself an allocation for a 992 GT3 RS with PTS. I think thats a good deal in the long run :) Thanks for your video!

[@kaim.2358]

991.2 > 992

[@commanderrussels2612]

depends what you're using it for. gt3rs is a bad street car, but it's fantastic if you want to go to the track (and don't want some trailer-only track car/it can get there on it's own power legally). gt3 you can pretty much use as a daily driver.

[@lomnt3402]

@@commanderrussels2612 I guess it's the opposite. 992 GT3 RS is a better street car than 992 GT3 due to the adjustable setups ;-)

[@TheBearbertie]

Great content :-) Would you say it's best not to put a 997 GT3 up for sale now in the UK and wait until Spring 25 - April? Do they sell with winter approaching?

[@jameshoward9700]

The 997.2 is vanishing rare, the last independent Porsche GT3; handbuilt, with the classic Mezger engine and analogue handing - by far and away the most desirable for collectors. And this is being seen in these data - the start of the collector uptick. The 996 was always a fringe speculation due to its looks, while the 991/2s are too mass-produced and numerous. The COVID years saw a huge spike in hype 'assets' (991/2) and that lifted the marginals (996) . With time we're seeing them fall back, exposing the true classic (997.2) to the discerning.

[@mabedfo]

owning a 997.2, I hope your right! :)

[@burgholte]

I agree although i'm pretty sure that 991.2 will also become more valuable in a few years. Yes the 997 is rarer but the 991.2 is much more usable and also better looking imo. And while its true that the 997 is more analogue, people have been saying the same thing with every generation to justify prices. Compared to regular modern cars or EVs anything from 5+ years ago is raw

[@mabedfo]

@@burgholte Yes but, the 997.2 GT3 facts: Last of the Mezger engined GT3’s (excluding the RS 4.0) Last of the Hydraulic steering GT3’s Last of the ‘compact’ GT3’s before they became too large Last of the ‘Analogue’ GT3’s.

[@danielecappi6006]

What about 911 Targa prices?

[@aen0108]

Is this is an inflation-adjusted calculation?

[@fourwheeltrader]

All numbers are before inflation adjustment unless specifically mentioned. Not sure if i included the inflation adjusted ones in this video.

[@DivineFrag]

For some of these graphs, could you improve the visualization so that there's some actual interpretation to be made by just looking at it? E.g. what you refer to as a "slight difference in slope" at 11:00 is not something that is easy to tell visually, because the time period you are using in the R plot includes the markups that got eaten up post-pandemic. I would decrease the time period here and in the scenario where you feel like there's not enough data on the screen (with 7 monthly datapoints for DE market), you could bring in the values of the observations at the start and end with the accompanying decrease in both markets as slope isn't really interpretable in any econometric sense here (purely as a "speed of decrease" variable).

[@fourwheeltrader]

Yes, good point.

[@billymania11]

I like reading the comments as Porsche fanatics quibble over details like pricing and model years and such. The 911 is too impractical for me but I like still em.

[@mabedfo]

They are way more practical than you think when you live with them. You can do everything except a long weekend away with 4 people. For example I have a 997 GT3 with rear seats, and I do family drives 4 up, with my kids, stuffing the front with everything so we have lots of space in the cabin, at least twice a month.

[@Astonmarvin]

while i do love these bits and am particularly intirigued by this one given my interest in a 997 GT3, theres no way a sufficient # of these cars are actually sold over a given month in order to begin establishing trends over said horizon. Realistically how many GT3's are sold in the US in a month?

[@fourwheeltrader]

You are absolutely right. There is a high uncertainty in the 997 trend. Since 2021, supply hovered between 4 and 23 cars (excluding auctions). Typically, between 20% and 50% of them are sold within three months, implying low sales numbers. The trend needs to be interpreted with the above in mind. It is corrected for changes in market composition such as many high/low mileage cars for sale at any point in time, but there is only so much one can do when supply is this this low.

[@MrMe-xc5zz]

Same with 996. Very small market to predict trends but I do watch it closely because I own one and the market seems down overall at the moment. Is it a blip or a trend, time will tell I guess. The car is a drivers dream with the lowest production GT cars in service so values should remain steady and up over time. Can’t see massive dip in low mileage clean cars.

[@Astonmarvin]

@@MrMe-xc5zz I think 996's have bottomed out already and good examples stand to appreciate over time. I suspect that they'll eventually have a cult like following in 5yrs or so

[@MrCyberamp]

992.1 GT3 is the latest and best GT3. 992.2 became too digital.

[@mikebarnard2689]

Well done, totally ignored the 996.1 v 996.2 markets. The beautiful 996.1 esp in Clubsport spec will always be more desirable ( guess which model I have !!) . True it wasn’t available in USA , but this video showed German markets as well and you failed to differentiate the 996s.

[@fourwheeltrader]

As you said, the 996.1 is not available in the US so that number only includes the .1. The german number includes both the 996.1 and .2. There is no point in splitting them yet because more data is needed.

[@lucassganderlla7305]

Surprisingly strong market in the US for the 992. A bit of speculation: interest rates dropping could keep depreciation under control for quite some time. Maybe until 992.2 GTs begin to emerge?

[@lorenzotolentino4121]

Look up the difference between zr1 corvette and gt3 rs in 2010 corvettes stayed the same price porsches doubled, greed my friends

[@oscardriver]

Automatic 911’s always lose interest come on. Also the 997 will be always good because the cars are ? MANUAL.

[@benjaminibe1214]

Why keep the showing and analyzing same cars. Can we see something else like a Bentley Bentayga or another brand

[@fourwheeltrader]

Because a large part of the viewers likes to be updated on the latest developments for some of the most popular sports cars. Many other brands than Porsche feature on the channel, just have a look at the last few videos. Unfortunately i don't have any plans to include the Bentayga as I didn't receive many requests for it.

[@EvoraGT430]

If you cannot work out the Bentayga market, you're beyond help. It's a massively-overpriced Touareg.

[@ryanc4955]

I’m trying to get a 992 911 this is very helpful lol

[@benjaminibe1214]

@@fourwheeltrader i see your point and i wont tell you how to run your channel. But i thought it was analysis of high end cars and thier price fluctuations. I will not underestimate the amount of Bentley owners or aspiring bentley buyers subscribed to your channel. You never know until you try. Not everyone loves 911s.

[@CASABRIXX]

The market changes all the time. We need these updates!

[@Hmmm313]

All porsche is overpriced….

[@AbyNeon]

porsche is dead

[@EvoraGT430]

Most profitable car company in the world, so no.

[@brianhimmelman420]

peant butter and jealous

[@jeffreykilpatrick3592]

What about the price difference between 22-23 and the current last model year for the 992 GT 3 wing cars? It seems like the 2024 are more scarce as Porsche only built these as an invitation allocation to dealers infrequently. Also now that the GT3 is not available from the factory - there is not competition from dealer new allocations.

[@Hmmm313]

@@EvoraGT430thats ferrari 😅

[@miles_smiles]

Nevermind