Is the Porsche 997.2 Carrera GTS becoming the next big thing?

A good 20 years ago, a Porsche 964 cost barely more than 10,000 euros. Today, six-figure sums are being paid for well-preserved examples. What was once considered a used car has since become a collector’s item. Admittedly, the situation isn’t quite as extreme with the Porsche 997.2 Carrera GTS, but history is repeating itself in a certain sense nonetheless. While in 2019, about 70,000 euros was enough to put a 997 GTS in your garage, prices for well-maintained GTS models in 2026 often reached the six-figure range. Has this reached the limit, or is the “Best of 997 Carrera” on its way to becoming a true collector’s car?

The perfect blend of Carrera S and GT3

The 997.2 Carrera GTS, introduced in 2010, became the new top model in the Carrera lineup and filled the gap between the Carrera S and the GT3. Its 3.8-liter naturally aspirated engine was based on the Carrera S’s powerplant but featured a specially tuned intake system and produced 408 instead of 385 PS. The redline was raised to 7,500 revolutions per minute. Torque remeind the same as for the Carrera S with the X51 package. 420 Nm are on offer at 4,200 rpm.

Added to this were the adaptive PASM suspension, a distinctive front bumper, black body accents, Alcantara on the sport seats, steering wheel, gear lever, and parking brake handle. The most obvious upgrade were 19-inch RS Spyder center lock wheels. But the body was also particularly distinctive: The rear-wheel-drive Carrera GTS adopted the rear end of the Carrera 4S – which had been widened by 44 millimeters – but without its all-wheel drive.

As an alternative, Porsche offered the 408 PS Carrera 4 GTS with all-wheel drive; both versions were available as a coupe and a convertible. This made the GTS more than just a better-equipped Carrera S. At the same time, it was less extreme than the GT3. It is therefore not without reason that the Carrera GTS is considered the ideal blend of the Carrera S and the GT3.

Depending on the trim level, the Porsche 997.2 Carrera GTS can be seen as the spiritual predecessor to the 991 GT3 Touring. No other 997 combines the emotional appeal of a naturally aspirated engine with such a high level of sportiness and everyday practicality as the GTS.

Prices for a Porsche 997.2 Carrera GTS are now once again close to its MSRP

An analysis of Elferspot market data shows that over the past twelve months, the median price of all 997.2 Carrera GTS models listed in euros was 103,998.50 euros. This means that a used 997 GTS today costs, in nominal terms, almost exactly as much as it did when it was first introduced. In 2010, Porsche charged at least 104,935 euros for the coupe. Adjusted for inflation, today’s market value obiously does fall short of the original new-car price at that time. Nevertheless, this development marks a remarkable turning point.

The most recent price trend is particularly striking. In the previous twelve months, the median price was still 98,500 euros. Since the summer of 2025, the 997.2 Carrera GTS has largely hovered around the 104,000-euro mark. At the same time, the average mileage of the vehicles on offer has recently risen from 47,000 to 52,550 kilometers.

100,000 euros is becoming the new norm for the Porsche 997 GTS

For the 997.2 Carrera GTS, the 100,000-euro mark had long been a threshold reserved for particularly high-quality vehicles with low mileage, manual transmissions, or exceptional specs. Now, however, it lies in the middle of the market. Of the 80 listings recorded over the past twelve months, 43 were priced at 100,000 euros or more. About two-thirds were listed for at least 95,000 euros.

The price gap between the Carrera S and GTS is widening

The Porsche 997.2 Carrera GTS is also widening the price gap with the Carrera S. Over the past twelve months, a 997.2 Carrera S was listed for a median price of 75,997 euros. For the Carrera 4S, the figure was 78,900 euros. This means that the rear-wheel-drive GTS was priced at around 28,000 euros more than a Carrera S and a good 25,000 euros more than a Carrera 4S.

The premium is now about 37 percent compared to the Carrera S and just under 32 percent compared to the Carrera 4S. In the previous 12-month period, the difference compared to the Carrera 4S was still around 21,300 euros, which corresponds to just under 28 percent. Even when considering the body styles separately, the gap remains wide: GTS coupes recently had a median price of 105,000 euros, while Carrera S coupes were just under 77,000 euros. The market is thus increasingly treating the GTS as a standalone model.

Manual 997 GTS are already being traded like collector’s cars

However, it should be noted that the overall median of just under 104,000 euros masks significant differences within the data set. Cars with PDK had a median price of 99,997 euros over the past twelve months. Manual transmission vehicles, on the other hand, reached 118,000 euros. Their respective median mileages – 48,000 and 50,000 kilometers – were virtually on par. The price difference can therefore hardly be explained by differing mileage.

A well-maintained manual 997 Carrera GTS with a verifiable history and low mileage is now clearly priced well above 110,000 euros. Good PDK vehicles, on the other hand, make up the market around the 100,000-euro mark. Offers under 90,000 euros still exist, but they more often involve cars with higher mileage, incomplete maintenance records, or less sought-after configurations.

The impact of mileage can now also be quantified quite clearly. Vehicles with less than 30,000 kilometers were listed for a median price of 119,900 euros over the past two years. For vehicles with between 30,000 and 60,000 kilometers, the median price was 101,900 euros. For those with 60,000 to 100,000 kilometers, the median price dropped to 92,900 euros.

The coupe and convertible are very similar

As recently analyzed in the Elferspot magazine, coupes aren’t necessarily more expensive or in higher demand than convertibles. Rather, this is a phenomenon that really only applies to the G-model and the 964. For the rear-wheel-drive 997.2 Carrera GTS, the difference is currently very small. Over the past twelve months, the coupe has achieved a median price of 105,000 euros.

The Cabriolet was priced at 102,450 euros, just about 2,500 euros less. This picture is less clear-cut for the Carrera 4 GTS. The Coupé was most recently priced at around 106,450 euros, while the Cabriolet was at 94,150 euros. However, due to the smaller number of available cars, these figures fluctuate more widely. In general, the rare GTS models – only 6,747 were built, including 2,656 Carrera GTS coupes, 1,813 convertibles, 1,321 Carrera 4 GTS coupes, and 957 convertibles – are somewhat more difficult to value than the standard Carreras. Color combinations, transmissions, and equipment can make a significant difference in some cases.

Despite the price increase, the GTS remains a respectable distance behind the GT3

The 997.2 Carrera GTS is thus generally becoming more expensive. Yet it still remains at a distance from the GT3. The GT3’s median price over the past twelve months was just under 150,000 euros. The price gap with the GTS is thus over 45,000 euros and has hardly changed recently. This also reflects the positioning of the two models. The GT3 remains the more dedicated driver’s car with motorsport technology, while the GTS offers rear seats, more comfort, and significantly better everyday practicality.

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At the same time, the 997.2 Carrera GTS or 4 GTS is rarer and more distinctive than a Carrera S/4S. It is precisely this position between the standard Carrera and the GT3 that makes it particularly attractive from today’s perspective. The 997 GTS combines the comparatively compact body of the 997 with hydraulic power steering, a naturally aspirated six-cylinder engine, and, optionally, a six-speed manual transmission. With the 991.2, Porsche switched to a turbocharged 3.0-liter engine; the current 992.2 Carrera GTS now uses a performance hybrid system. The 997 thus remains the first – and at the same time one of the most authentic – 911 GTS models.

Good deals are likely to become less common

For buyers, however, this also means that good deals are becoming scarce. PDK models with average mileage now cost around 100,000 euros, while well-maintained manual-transmission models are significantly more expensive. As a result, the first Porsche 911 Carrera GTS has already disappeared from the used car market and is now making its way into collectors’ hands.

However, the GTS certainly deserved this recognition. The Porsche 997 is already gaining significant popularity among buyers. It’s hardly surprising that the top model in the Carrera lineup now enjoys a certain special status, especially since it was the first 911 to bear the GTS designation. Furthermore, its performance – with a top speed of over 300 km/h and a 0-100 km/h time of well under 5 seconds – is still up to date, its interior has aged well, and the driving experience in the fast 997 is simply phenomenal.

What is the difference between the Porsche 997 Carrera S and the Carrera GTS?

The Porsche 997.2 Carrera GTS produces 408 PS, which is 23 PS more than the Carrera S with its 385 PS. Additional features include PASM, 19-inch RS Spyder wheels with center-lock hubs, and a more extensive GTS equipment package. The rear-wheel-drive Carrera GTS is particularly interesting because Porsche equipped it with the Carrera 4S’s 44-millimeter-wider body. On the used car market, the GTS has now clearly distinguished itself from the Carrera S. The price difference is around 30,000 euros.

Is the Porsche 997.2 Carrera GTS a collector’s car?

The Porsche 997.2 Carrera GTS boasts many features that are highly sought after by collectors. It was the first Porsche 911 Carrera to bear the GTS designation, was produced in a run of just 6,747 units, and combines a naturally aspirated six-cylinder engine with hydraulic power steering and an optional six-speed manual transmission. At the same time, prices have been rising for several years, and well-preserved examples are now frequently listed for more than 100,000 euros. In particular, manual-transmission models with low mileage and a verifiable history command prices significantly higher than that and are well on their way to becoming collector’s cars.

How rare is the Porsche 997 Carrera GTS?

A total of 6,747 units of the Porsche 997.2 Carrera GTS and Carrera 4 GTS were built. Of these, 2,656 were Carrera GTS Coupés, 1,813 were Carrera GTS Cabriolets, 1,321 were Carrera 4 GTS Coupés, and 957 were Carrera 4 GTS Cabriolets. This makes all four variants among the rarer models within the series.

Why are Porsche 997 Carrera GTS models with manual transmissions more expensive than PDK models?

Manual Porsche 997.2 Carrera GTS models are significantly rarer on the market and are particularly sought after by collectors. Over the past twelve months, their median price was 118,000 euros, while GTS models with PDK were listed at a median price of 99,997 euros. The median mileages—approximately 50,000 and 48,000 kilometers, respectively—were very close to one another. The price difference therefore cannot be explained solely by differences in mileage. For the rear-wheel-drive Carrera GTS, the current premium for the manual transmission is around 20,000 euros.