Market report for December 2024
by David Whitlock
The final month of 2024 capped off a dynamic year in the Porsche market, with December achieving a solid 70% sell-through rate, marking a slight uptick from November's 69%. A total of 462 cars crossed the auction block, generating a dollar volume of $30,340,029. While this represents a dip from the $36,536,798 seen in November, it underscores strong demand for Porsche vehicles as the year wound down. Notable highlights included a 2005 Carrera GT claiming the top sale at $1,395,000, alongside a noticeable resurgence in the 356 market, which finally saw some deals close. As we transition into 2025, these results reflect a resilient and evolving market, with specific segments showing renewed strength.
The 356 market ended the year on a high note, with a strong 75% sell-through rate and a total dollar volume of $955,000 across 12 units. Among the standout sales was a 1957 356A Coupe, restored in 2011 and finished in stunning Sahara Beige with a Burgundy interior. The restoration featured paintwork by the Paterek Brothers and included a 1,720cc replacement engine. This exceptional example achieved $136,000, surpassing the $133,000 average. Another notable result was a 1960 356B 1600S Roadster, a single family owned gem for 62 years. Though it failed to close in October at $126,500, it found a new home this month for $136,000. Refinished in Red with a Grey interior, this driver-quality example sold at the lower end of the market, below the $190,000 average.
These results highlight the continued appeal of well-maintained and unique 356 models, with both high-end restorations and solid drivers finding eager buyers.
The 911 Carrera 3.2 market closed out the year with an impressive performance, boasting an 86% sell-through rate and generating $1,587,770 from 21 units. Among the notable results was a 1989 911 Speedster finished in Triple Black, though the interior had been changed to Black during its life. With only 8,000 miles on the odometer, questions about the mileage history didn't deter bidders, as it achieved $220,000. This result sits above the $214,000 average and lands in the middle of comparable sales for similar mileage. Another standout was a 1989 911 Carrera 3.2 Coupe, also in Triple Black, with a 5-speed manual transmission and just 27,000 miles. This pristine example commanded $138,000, significantly outperforming the twelve-month average of $80,600. Not only was it a top-five sale in the last year, but it also led comps in terms of mileage. These results underscore the strength of late-production 3.2 Carreras, particularly low-mileage examples in desirable specifications.
The 718 market showcased some divergent trends as 2024 concluded. The 718 Spyder RS saw renewed interest, with a 2024 model featuring Porsche’s Weissach Package, finished in Shark Blue with Satin Magnesium wheels and just 479 miles, achieving $225,000. This marks the highest price for the Spyder RS since the first example hit the market in July, signaling a potential upturn for this exclusive variant. In contrast, the 718 Cayman GT4 RS market faced continued softness. A 2024 model with 1,500 miles closed at $207,000, pulling the average further down from $270,000 at the beginning of the year to $209,000 this month. Selling below the current average, this result highlights the cooling demand for what was once a hotly pursued model.
Meanwhile, the GTS 4.0 Boxsters and Caymans, the only non-GT 718s equipped with a naturally aspirated engine, continued to draw steady interest around the $80,000 mark. A 2021 Cayman GTS 4.0 sold for $79,000, a 2021 Boxster GTS 4.0 fetched $80,500, while another Cayman GTS 4.0 failed to sell at $78,718. These results suggest a stable market for these enthusiast favorites, offering accessible entry points for Porsche purists.
As the final numbers rolled in, 2024 proved to be a robust year for the Porsche market, closing with a total sell-through rate of 68%, $493,350,995 in dollar volume, and 7,235 units sold. This marks a significant increase in units over 2023, which saw 6,707 units sold at a slightly higher 70% sell-through rate and a total dollar volume of $479,107,514. While the year started on a slower note, December’s strong sell-through rate capped it off with momentum, setting an optimistic tone for 2025.
David K. Whitlock is a writer for The Stuttgart Market Letter, a daily market update for Porschephiles, by Porschephiles, delivered free to your inbox. To sign up, visit: www.stuttgartmarketletter.com