1. Understanding the decline

2. What this means for value-conscious Buyers

3. Price stability in older generations

4. The bigger picture: How the 992 compares

5. A European perspective

6. Final thoughts

Understanding the decline

Looking at recent data, it is clear that 911 prices remained stable throughout 2023 but started to decline in mid-2024. The price decrease has accelerated over the last six months. Between May and November, base models lost 4.3% in value, while S models saw a drop of 5.2%. The year-over-year change remains relatively moderate at -5.3% for base models and -7.8% for the S models.

This depreciation is primarily driven by newer 992 models, while 2020 models have shown more stability. The key question for buyers now is: should they wait, buy an older 992, or consider another generation altogether?

What this means for value-conscious Buyers

If you are considering purchasing a 992 Carrera, there are a few strategies to consider:

1. Wait and Observe: If the current drop turns into a long-term trend, waiting could mean even better deals in the near future.
2. Buy an Older 992: Slightly older models are depreciating at a slower rate, making them a safer bet.
3. Consider Other Generations: The 991.2 and even 991.1 models are showing exceptional price stability. If you’re willing to forego the latest technology, these could be excellent choices.

Price stability in older generations

991.2 and 991.1 Models

Both the 991.2 and 991.1 generations have exhibited strong price stability since mid-2023. Over the past year, the depreciation has been minimal:

• S models lost just 0.88%, and base models only 0.9%, changes so small they are not statistically significant.
• The GTS and T models show more volatility, with a 2.6% increase in GTS prices and a 2.6% decrease in T prices.
• The 991.1 models have fared even better, with base models appreciating by 1.1% and S models by 2.8%.

997 and 996 Generations

These older generations continue to be popular and show remarkable market strength:

• 997 Models: Prices have remained stable, with only minor fluctuations. The GTS models saw a 5.5% increase, though confidence intervals suggest some uncertainty.
• 996 Models: Prices have been steady since 2021, with minor fluctuations in specific models.

The bigger picture: How the 992 compares

Despite the increased depreciation in the 992 market, it remains a relatively sound investment compared to many other cars. In the broader sports car market, the average depreciation rate last year was around 5.0%, with most vehicles losing between 1% and 10% in value. The 992 Carrera, with an average loss of 6.5%, sits slightly above the average but remains far from extreme declines seen in some other luxury vehicles.

A European perspective

Looking at the German market, depreciation rates are notably higher than in the U.S., with the ranking of generational depreciation remaining similar except for the 996 models, which have depreciated significantly in Germany.

Final thoughts

The 992 market has diverged from previous generations in terms of depreciation, with an average loss of 6.5%. For value-conscious buyers, the best options include:

1. Postponing a purchase to see if the trend continues.
2. Buying a slightly older 992, which is depreciating at a slower rate.

3. Opting for an older generation like the 991, 997, or 996, which have all outperformed the market in terms of value retention.

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/product-category/porsche/911

Photos sources: Silodrome, goclassic.eu, Airows