991.2 GT3 Price Correction?

Good Morning! Although yesterday’s numbers were a little bit better than Thursday’s results, a $706,000 dollar volume and 64% sell-through rate are nothing to write home about. Add to that a no-sale of a million-dollar Porsche, and one might start to think the market is slowing down a bit.

THE MARKET

Sell-Through Rate (STR): 64%
Market Volume ($): $706,961
Market Volume (Units): 22

TOP SALES

2019 Porsche 911 GT3 Touring 6sp $178,000 Bring a Trailer
2012 Porsche 911 Turbo S Coupe $97,000 PCARMARKET
1987 Porsche 911 Coupe G50 Turbocharged $96,411 Bring a Trailer
1968 Porsche 912 Targa Project $52,250 Bring a Trailer
2002 Porsche 911 C4S Coupe 6sp $51,500 Bring a Trailer

SPOTLIGHT

Following the success of the 2016 911 R, Porsche launched the 991.2 GT3 Touring offering a GT3 sans rear wing and only offering a 6-speed manual transmission. Unlike the 911 R thought, the GT3 Touring was not produced in limited numbers.

Still, that hasn’t kept GT3 Touring prices down as low-mileage cars still trade over their $163,000 base price north of $200,000. That is until this 2019 911 GT3 Touring came along.

Finished in Carrera White Metallic over Black leather, this example features full Carbon-Fiber Bucket Seats, PCM w/Navigation, a Front-Axle Lift System, and an Extended-Range Fuel Tank for a total MSRP of $169,000. The car is presented with only 8,000 miles, a clean CarFax report, a DME report as well as an oil analysis report.

It still sold over its $169,000 MSRP, although just, at $178,000, quite a deal when looking at comps with similar mileage that all sit above $214,000. While some may attribute the price paid to a few over-revs on the DME report, I for one wouldn’t be worried. The 991.2 engine is stout and over-engineered to be pounded on the track. And it looks like the winning bidder wasn’t worried either and it paid off. Very well bought here. Color me jealous. To read the FULL Stuttgart Market Letter, with Noteworthy Sales (and No Sales), New Listings, and a full rundown of every Porsche sold today, subscribe below.