What Did One Year and 5k Miles Do To The Price of This Targa 4 GTS?

Good Morning! We’ve been on an odd cadence over the last few SMLs. Our dollar volume goes, and the sell-through rate goes down. The sell-through rate goes up, and dollar volume goes down. I’m calling it now; tomorrow, our dollar volume will be around $1m, and our sell-through rate will be in the 70s.

THE MARKET

Sell-Through Rate (STR): 57%
Market Volume ($): $1,579,849
Market Volume (Units): 23

TOP SALES

1992 Porsche 911 Carrera RS $283,000 Bring a Trailer
2019 Porsche 911 GT3 RS Weissach $251,911 Bring a Trailer
2019 Porsche 911 GT3 RS Weissach $247,000 Cars & Bids
2004 Porsche 911 GT3 RS $215,000 PCARMARKET
1961 Porsche 356B 1600S Roadster $147,000 Bring a Trailer

SPOTLIGHT

First seen at the Detroit Motor Show in 2014, Porsche’s all-new Targa steered away from the sliding glass panels of previous generations and introduced a roof technology keeping with the original Targa design, adding an electronically operated soft top. Initially, Targas were only available with the standard engine or S variant, but for the 991.2, the GTS trim became available, giving the car 450 horsepower.

This 2017 911 Targa 4 GTS is finished in GT Silver Metallic over Black Leather with Alcantara inserts and shows just 15,000 miles on the odometer. It comes well-equipped with a limited-slip differential with Porsche Torque Vectoring Plus, Premium Package Plus, black 20” Turbo S wheels, a front-axle lift system, BOSE, PCM, and more. It is presented in excellent condition with books and a clean CarFax, although no paint meter readings are provided in the photos.

The market for Targa 4 GTS’ peaked in early 2022 and has been declining since, showing signs of normal depreciation. This example sold for $142,000 in June of 2022 with just over 10,000 miles. And now, with an additional 5,000 miles on the clock, it sold for $135,911. Not much of a loss for 5k miles, but heading down nonetheless. See, sometimes Porsches do depreciate.

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.