Why Did This 6k-Mile Cayman S Disappoint?

Good Morning! It looks like the Porsche market swung back yesterday from a few off days as both our sell-through rate and dollar volume jumped back up into the 70s and $1m levels respectively. With two more shopping days, we’ll see if March goes out like a lamb of keeps on lioning on.

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THE MARKET

Sell-Through Rate: 76%
Market Volume ($): $1,115,773
Market Volume (Units): 21

TOP SALES

1975 Porsche 911S Coupe 3.8L RSR Backdate $310,000 PCARMARKET
2018 Porsche 911 C4 GTS Cab. 7sp $133,000 Bring a Trailer
2018 Porsche 911 C2S Coupe $100,087 Cars & Bids
2021 Porsche Boxster GTS 4.0 6sp $91,000 Bring a Trailer
1963 Porsche 356B Karmann Coupe $90,000 PCARMARKET

SPOTLIGHT

Ever since the launch of Porsche’s Boxster in the mid-90s, the question on every Porschephiles mind was “will Porsche make a fixed-roof mid-engine car?”. A decade later Porsche debuted the Cayman S coupe. Built on the same platform as the new 987 Boxster and cues from Porsche’s 550 Coupe and 904, the Cayman S delivered all of our hopes and dreams creating a sportscar masterpiece.

Finished in Meteor Grey Metallic over Black leather, this 2007 Cayman S 6-Speed has only 6,000 miles and is well-optioned with Porsche’s Preferred Package, 19” Carrera S “Lobster Claw” wheels, PASM, and Sport Chrono Package. With a clean CarFax history and no mention of paintwork, the car presented well looking extremely clean and tidy as a 6k-mile should.

As with all things Porsche, the Cayman S market has seen a decent increase in price post-pandemic and has leveled out over the last year averaging around $30,000. The mileage break for cars above $30k appears to be around 50,000 miles with the lowest mileage car at 7,600 miles selling for $46,000 back in January of this year.

With a new mileage low, one might have expected our Spotlight car to sell for a bit higher but it could only manage $42,500 after a rush of bidders in the final hours battled it out to bring it home. While some in the comments seemed a bit disappointed with the price, $42,500 was fair as the car was presented without paint meter readings, no service history, and 16-year-old tires which meant that the winning bidder was looking at a bit of a service bill to get the vehicle back into driving condition. Fair deal for both sides and not a sign of a slowing market.

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