Porsche 997.2 GT3, A New Price Era

Good Morning! The people have spoken! 100% of you that voted in our poll yesterday would rather be driving the 911 Cabriolet Black Edition this weekend instead of the Cayman S Black Edition and I’d have to agree as the weather forecast in the Northeast is looking fabulous!

In other news, we can stop panicking as we have a number of $100k+ cars sold and a dollar volume of over $1m yesterday.

Did someone forward you this email? Subscribe HERE for daily Porsche market updates.

THE MARKET

Sell-Through Rate: 68%
Market Volume ($): $1,213,531
Market Volume (Units): 19

TOP SALES

1993 Porsche 911 Turbo 3.6 $370,000 Bring a Trailer
2010 Porsche 911 GT3 $180,000 Bring a Trailer
1970 Porsche 911 Coupe RSR-Style $162,500 PCARMARKET
2022 Porsche Taycan 4S $102,581 Cars & Bids
2022 Porsche Taycan 4 Cross Turismo $93,000 Bring a Trailer

SPOTLIGHT

Updated for the 2010 model year, the 997.2 GT3 differed from the previous generation with a 3.8L engine cranking out 435hp vs. the 3.6L with 415hp from the 997.1, a front axle lift system, and modified bodywork. A total of 654 units were sold in the US making this GT3 a rare specimen.

The market for 997.2 GT3s hit a low at the end of 2019 with pricing below $100,000. It wasn’t until April of 2021 that we saw the first US car sell for over $100k and prices shot up like a rocket from there. Pricing peaked last summer with two cars selling over the $200,000 mark and have been on a downward trend since then with our latest comp coming in at $135,250 for a Black 58,000-mile example.

Our Spotlight car, the 2010 911 GT3 pictured above, is finished in Guards Red over Black Full Leather and Alcantara. This 11,000-mile example is well-optioned with PCCB brakes, Sound Package Plus, Sport Chrono Package, and more for an MSRP of $138,045. It comes with a great service history and all paint meter readings check out with PPF covering all painted surfaces.

Had this car been offered 8 months ago, it would have touched if not jumped the $200,000 price line. But that was then and this is now and a final bid of $180,000 was a solid number and luckily for the winning bidder enough to take it home. Solid result for a low-mileage car considering recent sales. Well-bought in my opinion as mileage, options, and color really make this car.

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.