1. GT3 market update: Stability in the midst of hype

2. The 992 generation

3. The 991 generation

4. The 997 generation

5. The 996 generation

6. Overall insights

7. German market comparison

8. Conclusion

GT3 market update: Stability in the midst of hype

Amid the ongoing discussions about the fluctuations in GT3 prices, whether it’s speculation about prices going up, down, or even crashing, the reality is much more mundane, and perhaps that’s a good thing. Welcome to the quarterly update of the GT3 market. In this article, we will cover the latest price developments across all generations of GT3s and determine if it’s a good time to buy or sell a GT3. While the focus will primarily be on the US market, we’ll also include some data from Germany.

The 992 generation

Starting with the 992, we can observe that prices have been falling since its introduction. However, they have remained relatively stable since the beginning of 2024, slowly drifting lower. Compared to last year, the 992 has lost on average 4.2% or $11.3k in value, mainly for low-mileage cars. Those with more than 4.3k miles lost only 1.6%. Overall, the numbers are slightly elevated compared to the previous quarter’s year-over-year decrease, but the differences are minor, making it premature to declare a trend change.

Despite the gradual decline, 992 prices are still not cheap. High-spec examples can reach an MSRP of $240k, and market prices start at around $240k for the highest mileage or lowest spec examples. The speed of sales reflects this, with inventory listed for a short period. Only between 19% and 28% of the cars listed for sale did not sell within three months.

The 991 generation

For the 991 generation, we split the price trends into .1s and .2s, excluding the .2 Tourings. These markets follow each other closely. During the pandemic, there was a significant price surge, but unlike competitor markets, prices decreased much less after peaking and quickly stabilized. Since January 2023, prices have remained steady. Compared to last year, .1s are down by 1.9% and .2s by 0.7%. These changes are not statistically significant and could be due to chance.

Current price levels for the 991 are 17.2% and 13.4% above pre-pandemic levels. After adjusting for inflation, prices are 5.5% and 5.2% below pre-pandemic levels. The 991s demonstrate strong price resilience, with less than 30% of cars listed for longer than three months since July, and some prices even increased while listed for sale.

The 997 generation

Caution is required with the 997 results due to their rarity, especially the .2s. The 997.1 prices hardly decreased from the pandemic market top, stabilized, and have been slowly rising since last year, up by 9.7% or $13.5k. However, this change is not statistically confirmed due to low supply and high uncertainty. The 997.2 market has even lower supply, making it unreliable for detailed analysis.

The 996 generation

Similar to the 997, the 996 generation has shown strong price resilience. Prices have hardly decreased from the market peak. The confidence interval is trending up but losing momentum, with a slight decrease of 4.1% or $7.3k compared to last year. However, with usually fewer than 10 cars for sale at any given moment, the trend’s uncertainty remains high.

Overall insights

Combining all the data, GT3s lost an average of only 0.24% during the last year, driven by the 997.1 market’s 9.7% increase. Excluding this, the average loss is 2.7%. The most reliable results come from the 991 and 992 markets, showing minimal changes. The 992s decreased slightly quicker, while the 991s depreciated less slowly. The 996 and 997 markets show larger differences but also greater uncertainty. Overall, the GT3 market remains stable with no dramatic changes or market crashes.

In the broader US market, GT3s have performed exceptionally well compared to other cars. The average decrease across all cars was 8.0%, with most losing between 13.0% and 3.0%. GT3s, especially the 992 and 991 models, outperformed, with newer cars typically losing more but these models losing less than average.

German market comparison

In Germany, depreciation rates are in the same range as in the US. The 992 market saw 1.6 percentage points more depreciation, 996 saw 1.5 less, 991.1 saw 2.6 more, 991.2 saw 0.6 less, and 997 saw 9.2 less. However, these estimates are based on six months of data and should be taken cautiously.

Conclusion