Used Porsche Models Actually Gained Value Over the Past Year

Going Up

Historically speaking, new vehicles tend to lose value as soon as we drive them off the dealer lot, and that process continues for much of its lifespan. However, there are always exceptions to every rule, and Porsche has proven to be one of them as of late. Rather than depreciate, Porsche vehicles continue to hold their value like few others, and in many cases, used models are still selling for more than new ones - at least rarer and more desirable vehicles. On average, however, used Porsche models actually gained value over the past year, according to iSeeCars. 

Photos: Porsche

Softening Prices

In its latest analysis, iSeeCars looked at how used car prices have changed between February 2023 and February 2024, analyzing over 1.8 million one- to five-year-old vehicles that traded hands over that time period to come up with these figures. What it found is that as one might expect, used car prices have declined following years of upward movement. 

Photos: Porsche

Overall Decline

In fact, the average used vehicle was priced at $31,153 in February 2024, which is $1,161 or 3.6 percent lower than a year ago. This also marks the 11th consecutive month that used vehicle prices have declined, which is obviously good news for shoppers - though this trend doesn't apply to every brand out there. 

Photos: Porsche

Outliers

Porsche is one of the outliers, as its average sales price of $81,436 is actually $56 or 0.1 percent higher than February 2023, interestingly enough. It's one of just three automotive brands to see an increase in used vehicle values, being joined by GMC and Chevrolet in that regard. 

Photos: Porsche

Desirable and Valuable

As one might imagine, much of this is due to the fact that Porsche sells plenty of limited-production vehicles that are highly desirable and also tend to gain value over time rather than lose it. The brand also had several vehicles make the cut in terms of individual values, too. 

Photos: Porsche

Big Gainer

In fact, the 718 Cayman topped all other used vehicles with an average sales price of $110,591 in February 2024, which was a whopping $25,110 year-over-year increase, or around 29.4 percent, which is far higher than the second-place BMW 5-Series and its gain of 18.7 percent. 

Photos: Porsche

Pony Up

As for why this is the case, iSeeCars notes that performance and premium-focused vehicles continue to prove attractive to select buyers, who are ponying up whatever it takes to bring them home - even more than what they're worth. "These models all appeal to relatively affluent buyers, suggesting this segment of consumers remain willing and able to pay higher market values to get the used vehicles they want," said Karl Brauer, iSeeCars Executive Analyst.

Photos: Porsche

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