1. The new 992 GT3 and its impact on the market

2. Market trends for the 992 GT3

3. Stability in older GT3 generations

4. Summary of depreciation trends

5. Short-term market outlook

6. The German market

7. Final thoughts

The new 992 GT3 and its impact on the market

The highly anticipated 992.2 GT3 is on its way, bringing advanced technology and a hefty price tag. This new model has the potential to disrupt the market, with enthusiasts speculating whether prices will rise or fall. But what does the data reveal?

Market trends for the 992 GT3

Looking at the price trends of the 992 generation, divided into Touring and non-Touring variants, some key observations emerge. Prices dropped in 2022 due to a general market correction, followed by remarkable stability throughout 2023 and mid-2024. However, in the last six months, non-Touring GT3 prices declined by 5.2%, while Touring variants saw a slight increase of 2%—though this increase is not statistically significant.

The non-Touring price drop was primarily due to higher-mileage cars entering the market. The average mileage increased from 3,200 km to 4,800 km in just six months, a sharp contrast to the usual increase of 200 km. This suggests that the price decline is largely mileage-driven. For owners who stored their cars, the depreciation was minimal—around 2.5% when adjusting for mileage effects.

Visually, this trend is evident when breaking prices down by mileage. High-mileage cars (above 4,500 km) were the main drivers of the decrease. Despite this correction, prices remain strong. A high-spec example can reach up to €220,000, with the median price still at €247,000—above the original MSRP. Even the oldest, highest-mileage 992 GT3s are priced at a minimum of €206,000.

Stability in older GT3 generations

Unlike the 992, older GT3 generations (991, 997, and 996) remained remarkably stable. The 991 non-Touring variant is experiencing a slow but steady decline, with the 991.2 dropping by 1.7% and the 991.1 by 2.2%, leading to median prices of €175,000 and €129,000, respectively. These values remain above pre-pandemic levels, though when adjusted for inflation, they have been below pre-pandemic prices since mid-2023.

The 997 GT3, particularly the 997.1, demonstrated strong price resilience. Prices dipped slightly during the broader market correction but rebounded and now exceed their pandemic peak. Over the past year, 997.1 prices increased by 14.5%—an impressive result. The 997.2 market was barely affected by the 2022 correction, experiencing only a minor slowdown in 2024, with a year-over-year change of -1.1%. However, due to low market volume, these results should be interpreted with caution.

Similarly, 996 GT3s exhibited low correlation with broader market trends. Prices remained strong and declined only in 2023. Early 2024 showed some weakness, but this now appears to have been a temporary fluctuation, with a yearly loss of just 2.4%.

Summary of depreciation trends

A comparison of depreciation rates across GT3 generations highlights some key takeaways:

• 992 GT3 depreciation accelerated from 2-3% annually to around 5%, marking a new phase in price adjustments.
• 996 GT3 price decline has stabilized, returning to last year’s trend levels.
• 991 GT3 depreciation remains low and stable, with fluctuations likely due to randomness.
• 997 GT3 values surged, particularly for the 997.1, which saw double-digit increases.

Despite recent weakness in the 992 GT3 market, the model remains one of the slowest-depreciating cars. The average year-over-year price change across all GT3 models tracked on this channel is -5%, which is relatively mild by historical standards. Most vehicles saw depreciation rates between -9.1% and -1%, placing the 992 GT3 in line with the average. The 991 and 996 models experienced even lower depreciation, between -2.4% and -1.1%, ranking among the top 25% of cars with the lowest depreciation.

Short-term market outlook

Looking ahead, how will these GT3 models retain their value? While past depreciation rates provide some insight, long-term predictions remain speculative. However, in the short term, we can assess potential influences on prices.

• 992.2 GT3 Introduction: The new model arrives with a €40,000 price increase over the 992.1 GT3 and €50,000 over the early production models. This could make the 992.1 seem like a bargain, boosting demand. Conversely, it may lead to an increase in supply as owners trade up, pushing prices down.
• Market Supply: 992 GT3 inventory is near peak levels, yet cars still sell within reasonable time frames, suggesting that demand remains strong.
• 991 GT3 Values: These have been declining at a slow, steady rate. Expect depreciation between 0% and 4% in the near future.
• 997 GT3 Market: Price increases were substantial but come with high uncertainty due to limited supply. Future trends are harder to predict.
• 996 GT3 Market: Prices have rebounded from a small dip, and there are no indications of further declines in the near term.

The German market

Examining the German GT3 market reveals some differences:

• 992 GT3 values declined more steeply, with a 7.2% drop versus 5.2% in the US. This applies across all model years and mileage brackets, with significantly higher supply in Germany.
• 991 GT3 depreciation is similar in both markets, with the 991.1 losing 3.5% in Germany versus 2.2% in the US.
• 997 GT3 prices surged, particularly for the 997.2 (+11.4%) and 997.1 (+5.3%). These increases were consistent across quarters, lending more credibility to these trends than those seen in the 996 market.
• 996 GT3 values varied, with a 1.3% increase for the 996.1 and a substantial 11.7% surge for the 996.2 in the last 3-6 months. However, given the small market size, this should be interpreted cautiously.

Final thoughts

The GT3 remains one of the best value-retaining sports cars. The 992 GT3 is currently experiencing an adjustment phase, but overall, its depreciation rate remains low compared to other new models. Older generations, particularly the 991 and 997, continue to hold strong, while the 996 has recovered from a temporary dip. The German market shows steeper declines in some models but also stronger price growth in others.

While these insights are based on current data, future developments remain uncertain. Major macroeconomic shifts could significantly alter the market. For now, value-conscious buyers can still find good opportunities in the GT3 lineup.

Inspired by the analysis of our friend @fourwheeltrader. Make sure you check his other videos https://www.youtube.com/@fourwheeltrader/featured.

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Photos sources: autoevolution.com, topspeed.com, Jalopnik