991 GT3 RS' Remain Flat

Good Morning! It looks like the Porsche market had a case of the Mondays yesterday as our sell-through rate dove even further down to levels I don’t think I’ve ever seen before. Nothing, in particular, stood out as there were cars across all price points failed to sell.

THE MARKET

Sell-Through Rate (STR): 44%
Market Volume ($): $636,559
Market Volume (Units): 25

TOP SALES

2016 Porsche 911 GT3 RS $217,500 Bring a Trailer
2011 Porsche 911 C2S Cab. $67,186 Bring a Trailer
2004 Porsche 911 Turbo 6sp Modified $65,500 PCARMARKET
2015 Porsche Cayman S $52,250 PCARMARKET
2006 Porsche 911 C4S Coupe 6sp $45,300 Bring a Trailer

SPOTLIGHT

When the 991 generation GT3 RS launched at the Geneva Motor Show in 2015, it was a far and wild deviation from the looks of the regular 991 GT3. Typically, an RS means a wider body and a larger wing, but the 991 RS added scoops and louvers giving it a much more aggressive look. But it wasn’t all looks as the engine size rose to 4.0 liters from the 3.8 found in the GT3 and pushed out 493 hp.

The market for the 991 GT3 RS was on a downward trajectory until the spring of 2021 when cars started to regularly surpass the $200,000 mark again. Over the past twelve months, prices have been relatively flat with the drop below $200,000 occurring after 8,000 miles save for a few outliers. Those outliers though are quite extreme as it seems those bidding at Barrett-Jackson and Mecum apparently don’t read SML.

Our Spotlight car, the 2016 911 GT3 RS picture above, is finished in Ultraviolet over Black leather and Alcantara and features Racing Yellow seatbelts, PCM Navigation, and body-color and carbon fiber interior trim pieces. The car has 2,700 miles on the odometer, a clean CARFAX history report and an open recall for the DME control unit and transmission control unit oddly pointed out in the listing.

It sold for $217,500 yesterday on Bring a Trailer, about average for cars with between 2,000 and 8,000 miles on the odometer. Although the car was low mileage, had the seller put a bit more effort into the presentation and included service invoices, completed the recall, and had paint-meter readings to verify the clean CARFAX, they could have probably nabbed a few extra thousand dollars. Either way, this one was right on the money if you remove those crazy outliers, both parties should be happy here as long as everything checks out upon delivery.

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