Good Morning! The market is back to normal volume rise but the real kicker... not a single 2022 car was able to find a new home. The flippers flopped once again.

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THE MARKET

Sell-Through Rate: 62%

Market Volume ($): $974,485

Market Volume (units): 26

• While the number of listings returned in full force yesterday, not many of them were able to find new homes as our sell-through rate dipped into the low 60s. Of the 16 cars that did sell, they sold for just shy of the $1m mark.

TOP SALES

1991 Porsche 911 C4 by GS Manufaktur $260,000 PCARMARKET

2016 Porsche Cayman GT4 $96,000 Bring a Trailer

1997 Porsche 911 Targa 6sp $80,243 PCARMARKET

1991 Porsche 911 C4 Targa 5sp $74,000 Bring a Trailer

2018 Porsche 718 Cayman GTS 6sp $70,718 Bring a Trailer

SPOTLIGHT

PHOTO CREDIT MARQUED

If you've ever wondered where the entry point into a running, drivable, doesn't-need-to-be-rebuilt 997 is, it's right here where this 139,000 2005 911 Cabriolet 6-speed ended yesterday at $21,000.

Besides the price, for a 139,000-mile car, this example had a lot going for it with service records since new and $14,000 in maintenance performed since March 2020. On the other hand, two accidents on the CarFax, and no mention of the IMS bearing being upgraded in all of those invoices definitely kept this drive from creeping closer to $25k.

Honestly, I wouldn't worry too much about the IMS bearing as if it hasn't failed in 139,000 miles, it isn't going to fail. And for the price paid, I'd be willing to roll the dice and take the seller's word for the minor repairs from the "parking lot" accident.

Any well-maintained higher mileage 911 is going to be well-bought as the seller is not making out in the money game. But at least they enjoyed the car and kept up with maintenance as a good 911 owner should before passing the enjoyment on to another.

NOTEWORTHY SALES

• Remember that BRIGHT Blue leather interior in a delivery mile 2022 GT3 Touring from last week? Well, it looks like a neon blue interior isn't a selling point as the car failed to reach $250k.
• $27,000 for a 914 project!? Last I checked that was the price you'd pay for a running driver. It looks like what the bidder was really buying in the 1974 914 sale was the M64 engine from a 1995 911.
• The second 964 from GS Manufaktur has found a home for around the same price as the last, $260,000. Budget Singer build, budget Singer money. Still a very well-done car.

NEW LISTINGS

• When is a Porsche not a Porsche? When it's a RUF like this 2009 RUF Rt12 S listed on Bring a Trailer.
• Ending exactly 1-year after it last sold at auction, we'll see if this 1988 944 Turbo was a flip or flop.
• Make Green great again with this classy Rainforest Green Metallic over Savanna Beige leather 2001 911 Carrera 4 Coupe 6-speed.

AUCTIONS ENDED 12/27

1991 Porsche 911 C4 by GS Manufaktur $260,000 PCARMARKET

2022 Porsche 911 GT3 Touring $246,888 Bring a Trailer

2022 Porsche 911 Turbo Coupe $158,500 Cars & Bids

2022 Porsche 911 C4S 7sp $151,000 Bring a Trailer

2016 Porsche Cayman GT4 $96,000 Bring a Trailer

2020 Porsche Taycan 4S $88,000 PCARMARKET

2017 Porsche 911 C2S Coupe $84,000 PCARMARKET

1997 Porsche 911 Targa 6sp $80,243 PCARMARKET

1998 Porsche 911 Cab. 6sp $74,600 Bring a Trailer

1991 Porsche 911 C4 Targa 5sp $74,000 Bring a Trailer

2016 Porsche 911 C2S Cab. $73,000 Bring a Trailer

2018 Porsche 718 Cayman GTS 6sp $70,718 Bring a Trailer

2018 Porsche Panamera 4 $62,500 PCARMARKET

2012 Porsche 911 C2S Coupe $59,500 Bring a Trailer

2009 Porsche 911 C4S Coupe $55,500 Bring a Trailer

2014 Porsche Cayenne Turbo S $53,777 PCARMARKET

2007 Porsche 911 Coupe 6sp $46,750 PCARMARKET

2007 Porsche 911 C2S Cab. 6sp $45,997 PCARMARKET

2011 Porsche Cayenne S Hybrid $37,500 Bring a Trailer

2014 Porsche Boxster $36,250 Cars & Bids

2003 Porsche 911 C4S Coupe $33,250 Cars & Bids

1974 Porsche 914 Project $27,000 Bring a Trailer

1999 Porsche 911 Coupe 6sp $23,250 Cars & Bids

2005 Porsche 911 Cab. 6sp $21,000 Marqued Auctions

2007 Porsche Boxster S 6sp $20,250 Cars & Bids

2004 Porsche Cayenne Turbo $16,500 Cars & Bids

*Prices in Red denote a high bid and no sale