Porsche 912 Coupe Price Update

Good Morning! 1967 seems to be the year of the day with two examples ending yesterday. One was a surprise sale at $71,000 and the other a not-so-surprising no-sale at $373,000.

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THE MARKET

Sell-Through Rate: 70%
Market Volume ($): $975,337
Market Volume (Units): 20

• While our sell-through rate was back down around average, PCARMARKET had a rough hump day as it failed to sell a single car for the second day this week.

TOP SALES

2022 Porsche 911 Targa 4S 7sp $174,000 Bring a Trailer
2023 Porsche 718 Spyder 6sp $145,000 Bring a Trailer
2012 Porsche 911 Turbo S Coupe $98,000 Bring a Trailer
2004 Porsche 911 Turbo Cab. 6sp $84,000 Bring a Trailer
1970 Porsche 911 Targa RSR-Style $83,000 Bring a Trailer

SPOTLIGHT

Over the last five years, Porsche 912s could be had for up to $80k for the good examples, and down to $30k for the not-so-good examples with a couple of crazy outliers here and there. They did not see the sudden increase in value post-pandemic that newer models saw, 912s had their jump up in value in the mid-00s and again in the mid-10s. But for the most part, they’ve held steady at around $50,000 for quite some time now. That’s why this 1967 912 Coupe was quite the surprise at $71,000. But am I surprised that it was so high or surprised that it was so low?

Our Spotlight car is a one-owner car out of California finished in Sand Beige over Tan and comes with a stack of invoices over two inches thick with the most recent work carried out last year including an overhaul of the carbs, adjusting of the timing and valves, and an oil change. The last one-owner 1967 912 Coupe to sell sold for a record price of $200,616 back in October of 2022 (like I stated, some crazy outliers). So I guess I’m surprised that it sold for so low?

Unfortunately, this example is far from the condition of that Aga Blue example. First off, it was hit in the rear in 2001 and repaired in 2002. But not well enough as it went through another repair in 2003 to replace the rusting floor pans. Ten years later, the car is showing rust bubbles coming through the front door and right rear quarter panel which would need to be addressed as they aren’t going to get any better on their own. Plus, the interior is finished in the wrong shade of Tan, and the engine and undercarriage pics show quite a bit of oil, dirt, and decay.

Had this car not been a one-owner car I’d imagine it would have sold toward the bottom of the 912 price window, probably somewhere in the $40s, as the cost to bring the car up to snuff would bring it up to the higher range. But someone had to have it and luckily the seller had a reasonable reserve. After over 50 years of ownership, they did well. Well sold.

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