Porsche 911 996 turbo prices might have topped for now. Recent price developments show that the price trend is losing momentum and that it’s lacking to the 996 and 997 carrera. In this depreciation and buying guide I will show you what happened in the 911 996 turbo market and why I think that values will be relatively stable in the neat term future.
Follow me on Instagram: / fourwheeltrader
Contact me at: fourwheeltrader@gmail.com
The Porsche 911 is known for its strong residuals. Unsurprisingly, 996 Turbo prices increased with 26% during the last 1.5 years. Yet, the price trend started to flatten during the last six months and the price increase fall short to what we have seen in the Carrera market.
Yet, all of this might make sense. The 991 996 is already much more a collectable car than a 996 carrera. First of all, we saw that prices creeped up before June 2020. This indicates that the market bottomed and that the car is on its way to becoming a collectable. Second, we can see that it are the cars in prime conditions which went up in price the most and for which supply consistently decreased. This is something which typically happens in collectable car markets.
Based on the above, I think that it’s unlikely that prices will move upwards significantly in the near term future. Therefore, the 996 turbo might not be the best place for your money if you are looking for an investment with a quick return. Yet, if you always dreamt of a 996 turbo, I don’t see any reason as to why you shouldn’t go for it.
00:00 996 Turbo market and Price drivers
03:58 Price development
08:25 No reason to panic
11:08 Conclusion
Disclaimer: The Content is for educational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained in this video constitutes a solicitation, recommendation, or endorsement to buy or sell any cars. The information published has been obtained from or is based on sources which are believed to be accurate and complete. Although reasonable care has been taken, the completeness and the accuracy of any information published cannot be guaranteed. Any opinions may be wrong and may change at any time. You should always carry out your own independent verification of facts and data before making any decision.