2016 991.1 GT3

As you’ve seen, the 991.1 GT3 market has held my attention recently as we’re about a year out from the first batch of cars, with their 10-year, 120,000-mile engine warranty about to expire. But you may be asking, why should we care? Many GT3s that are out of warranty are doing well with solid markets.

The issue lies with a metallurgical defect in specific batches of finger followers that would lead to a high-RPM misfire and complete engine failure. All early cars produced up to that point were recalled and fitted with a new engine and an extra year of warranty. But thanks to a group of “concerned” GT3 owners who met with PCNA, all E, F, and G-series engines in the 991.1 GT3 were given a 10-year, 120,000-mile fully transferrable warranty. If you do the math, those early warranties expire next year for the batches of cars that didn’t have their engines already replaced by Porsche.

The market for 991.1 GT3s has started to plateau after a sharp rise in 2021, and we’re seeing no new highs and more new lows with each passing month. But to be fair, we’re also seeing similar results in the PDK 991.2 GT3 markets. So, I’m not sure the warranty concerns are affecting dot-ones quite yet.

Our Spotlight car, the 2016 911 GT3 pictured above, is a later car with a few more years left. It’s finished in White over Black leather with Alcantara and shows about 40,000 miles on the odometer. It’s a lightly optioned car void of full buckets, PCCBs, or the Front Axle Lift System and shows a minor accident on the CarFax in October 2018.

With a trifecta of high miles, light options, and an accident, I’m not surprised that bidding stalled just above the $100k mark at $110,500. The only comp with similar mileage sold for $104,500 in June, making this all the money for the car. Unfortunately, the selling dealer thought otherwise, and it failed to sell. Probably should have dropped the reserve, as things aren’t getting much better from here.

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