991s Aren't Collectible, Yet

Good Morning! Annnd we’re back to our regularly scheduled programming of our dollar volume hovering around $1m. The sell-through rate dipped back down below 70%, proving that there really is something about Wednesdays. But Thursday wasn’t disappointing by any means, as it was a good day to sell a Carrera 3.2, as you’ll read below.

THE MARKET

Sell-Through Rate (STR): 64%
Market Volume ($): $958,003
Market Volume (Units): 22

TOP SALES

1997 Porsche 911 Turbo $235,000 Bring a Trailer
1985 Porsche 911 Coupe $111,500 Bring a Trailer
2007 911 Turbo Coupe 6sp $102,000 PCARMARKET
1989 911 C4 Coupe 5sp $98,000 Bring a Trailer
2020 Porsche Cayenne Turbo Coupe $89,500 Cars & Bids

SPOTLIGHT

Introduced at the LA Motor Show in 2014, Porsche’s 991 Carrera GTS was aimed at the sweet spot between the 911 Carrera S and 911 GT3. The new GTS packed more horsepower at 424 and included base options such as Sport Chrono Package, Sport Exhaust System, Dynamic Engine Mounts, a lowered suspension, Porsche Torque Vectoring system, Sport Design front spoiler and side skirts, and 20” centerlock wheels.

While not intended to be a limited production car, only 1,434 GTS Coupes were produced during the 991.1 run between 2015 and 2016, making these fairly rare compared to other standard variants of the 911. The market remained fairly flat through the COVID-pop but steadily increased over the last two years peaking at $139,000 for a 9,000-mile example sold in December of last year. Since then, we’ve only had one other sale at $111,000 for a 14,000-mile example and three no-sales with bids ranging from $85,000 to $117,500.

This 2016 911 Carrera GTS is finished in Guards Red over Black leather and features a 7-Speed manual transmission and only 356 miles. It also features a whole host of options, such as the Aerokit Cup kit and plenty of Carbon Fiber interior trim pieces and additional leather, such as leather sun visors and steering wheel column for an MSRP of $139,405.

It failed to sell at a high bid of $121,991, about $17,000 shy of our market high. One could argue that with only 1,434 cars produced and such low miles, this should be a collectible example. But it never really was a limited production car, and it’s only seven years old. Maybe in another 20 years, but for now, it’s just a used 911. I suggest the seller either keeps it moth-balled in hopes that the combustion engine dies and “maybe” these start to become collectible, but they are probably better off just driving and enjoying it.

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.