1. Dreaming of owning a Porsche? Here’s how to avoid losing a fortune to depreciation

2. Overview of the Porsche market

3. Models with the highest depreciation rates

4. Models with the lowest depreciation rates

5. The 911 series: A mixed bag

6. Affordable yet stable options

7. Key takeaways

8. Conclusion

Dreaming of owning a Porsche? Here’s how to avoid losing a fortune to depreciation

If you’ve been dreaming about owning a Porsche but are wary of losing a fortune to depreciation, you’re not alone. In this article, we’ll guide you through the Porsche models to avoid if you care about resale value and highlight the ones you should consider for your shortlist. The gap between these categories is substantial, with some cars losing up to 30% of their value, while others lose almost nothing. We’ll take a data-driven approach, starting with an overview of the Porsche market before delving into specific models with the highest and lowest depreciation rates. Finally, we’ll examine the individual trends for selected models.

Overview of the Porsche market

Before diving into the details, let’s look at the overall Porsche market. Year-over-year, the average price decrease for Porsches has been about 7%, with most models experiencing a depreciation rate between 3% and 10%. However, some models have significantly higher depreciation rates, extending to over 25%. On the other hand, a few models have seen slight increases in value. Let’s break down which models you should avoid and which ones are worth considering.

Models with the highest depreciation rates

Taycan and Panamera: The Big Losers

The models that have depreciated the most in the past year include the Taycan and the Panamera. The Taycan, Porsche’s electric vehicle, has seen significant drops in value across various trims:

• Taycan S: Down by 28%
• Taycan Turbo S: Down by 35%

These sharp declines are indicative of a broader trend seen in the EV market, where prices have dropped significantly from their peaks. The Panamera, while not as severely affected as the Taycan, has also experienced notable depreciation:

• Panamera S (970 generation): Down by 17%

Models with the lowest depreciation rates

Boxster and Cayman: The Resilient Models

On the flip side, models like the Boxster and Cayman have shown remarkable resilience against depreciation. The top performers in terms of holding their value include:

• 981 and 718 GT4: Up by approximately 4% and 2%, respectively
• 718 Spyder: Only a 1.7% decrease

These models have seen price recoveries and stable market values, making them excellent choices for those concerned about depreciation.

The 911 series: A mixed bag

The Porsche 911 series has also shown varied performance in terms of depreciation. The 991 and 992 models, especially the higher-end trims like the GT3 RS, have held their value relatively well:

• 991.2 Carrera: Prices stable with a slight 0.8% increase
• 991.1 GT3 RS: Down by only 1.6%

Affordable yet stable options

For those looking for more affordable options with low depreciation rates, consider the older Boxster and Cayman models, as well as the 996 series 911s:

• 986 Boxster S: Stable with minor fluctuations, averaging a 2.8% increase
• 996.1 911: Extremely stable, with a decrease between 0.4% and 1.4%

Key takeaways

• Avoid the Taycan and Panamera: These models have shown the highest depreciation rates, making them poor choices if you care about resale value.
• Consider the Boxster, Cayman, and 911 Series: These models, especially the GT4 and GT3 RS variants, have held their value well and even appreciated in some cases.
• Older Models Can Be a Safe Bet: Older models like the 986 Boxster and 996 911 offer stable prices and are less likely to experience significant depreciation.

Conclusion

The Porsche market in 2023 has been intriguing, with substantial variations in depreciation rates across different models. If you care about resale value, it’s wise to steer clear of the Taycan and, to a lesser extent, the Panamera. Instead, focus on models like the Boxster, Cayman, and 911, which have demonstrated resilience against depreciation. Newer models, particularly the 992 series, still carry some risk of price drops, so opting for slightly older models might be a more prudent choice.

By understanding these trends and making informed choices, you can enjoy owning a Porsche without worrying about losing a fortune to depreciation. For more detailed analysis and updates, stay tuned to our channel, where we provide data-driven market insights for a variety of cars. If there’s a specific model you’d like us to analyze, let us know in the comments!

Photos sources: carscoops.com, auto-forever.com, opumo.com