Porsche 911 Carrera prices surge after historic decline
Added on: October 10, 2025
Author: OctoClub
1. A sudden turnaround in the 992.1 market
3. What about other generations?
6. Conclusion
A sudden turnaround in the 992.1 market
We’ll start with the 992.1 generation, specifically the rear-wheel-drive Carrera and Carrera S models.
After a period of relative stability in 2024, prices surged in 2025. Between February and August, Carrera S prices rose 4.4%, while base Carrera prices increased by 3.2%. That puts the yearly gains at +2% for the S models and +0.3% for the base versions.
Interestingly, this trend held true across most models. Even the T and GTS variants saw price growth, though the GTS increase was slightly smaller. High-mileage examples appreciated less, but the differences remain minor.
The key takeaway? If you’re in the market for a clean-title 992.1, expect to pay more today than you would have just six months ago.
Why are prices rising?
The most obvious trigger is tariffs.
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Until March 2025, Porsche paid a 2.5% tariff on imported vehicles and parts.
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In April, that figure jumped by 25%, bringing the total tariff burden to 27.5%.
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By July, an EU–US deal reduced tariffs to 15%, but the shock had already hit the market.
While Porsche claimed to absorb these increases, MSRP hikes tell a different story.
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In March, Porsche announced a 6.4% increase for model year 2026, pushing the base Carrera from about €114,000 to €122,000.
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In July, another 3.6% increase followed, taking the base 911 to roughly €126,500.
In just a few months, prices jumped by more than 10%.
This made used 911s look like better value, pushing demand upward and, with it, prices in the pre-owned market.
What about other generations?
The surge isn’t confined to the 992.1. Other generations also showed strength – though with some variation:
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991.2: GTS models are up 6.1%, S models 1.4%, and base models 0.4%. Only the GTS increase is statistically confirmed, but overall, the market is holding strong.
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991.1: Already a popular generation, it gained further momentum. Base prices rose 3.7%, S models 2.1%, and GTS a remarkable 11.1%.
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997: Scarcer supply is pushing values higher. Base models are up 7.1%, S models 5%, and GTS models show an adjusted increase of 18%.
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996: Remarkably stable. Base models slipped slightly, with changes ranging from -0.4% to -2.3%, but these are considered statistical noise rather than true market movement.
In short: the newest and rarest models are appreciating the most.
US vs. Germany
While US prices are climbing, the German market is telling a very different story.
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In Germany, 992 Carrera prices are falling—down 6.1% in the base market and 5.6% in the S market compared to last year.
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The depreciation curve is flattening but shows no signs of reversal.
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Other generations in Germany are holding steadier, but overall, price trends remain weaker than in the US.
This split suggests that the US market is reacting more directly to MSRP hikes and tariff effects, while Germany remains on a more traditional depreciation path.
Will prices keep rising?
Here’s where things get tricky.
The data suggests that the steepest increases may already be behind us. Inventory turnover for 992s has been hot, but signs are emerging that momentum is cooling:
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The percentage of cars listed for more than 3 months is rising again.
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Sellers who previously increased prices on unsold cars are now cutting them slightly—echoing patterns last seen at the peak of the pandemic price boom.
That said, Porsche’s future pricing decisions could flip the market yet again. Another round of MSRP hikes would almost certainly push used prices higher.
Conclusion
The Porsche 911 Carrera market in the US has staged a remarkable comeback in 2025, led by the 992.1 generation and supported by strong demand across 991 and 997 models. In Germany, however, the picture remains subdued, with continued depreciation in newer cars.
For buyers, the message is clear: the window for bargain hunting may be closing – at least in the US. For sellers, the recent surge presents an opportunity, though the pace of appreciation may slow in the coming months.
One thing is certain: the Porsche 911 remains one of the most resilient and fascinating markets in the world of collector and performance cars.
Inspired by the analysis of our friend @fourwheeltrader. Make sure you check his other videos https://www.youtube.com/@fourwheeltrader/featured.
Are you already a proud owner of a Porsche 911? If so, check out our selection of parts for this car at the following link:
https://octoclassic.com/pl/kategoria-produktu/porsche-pl/911-pl
Photos sources: autoevolution.com, autocareview.com, caricos.com
