If you’re in the market for a used Porsche 911, now might be the perfect time to pounce. Just two years ago, used car prices were so wacky that the average 2019 Porsche 911 was reselling for above what’s it MSRP had been when new. But the market’s corrected and it looks like the same Porsche’s price has plunged $24k in just two years. Bad news if you own one, but great news if you’re in the market.

When Porsche 911s were selling above MSRP

The COVID-19 pandemic and war in Ukraine, one after the other, disrupted the automotive supply chain. It got so bad, that many automakers reduced output and used car prices went through the roof. In 2023, I wrote that some trims of the Mercedes-Benz G-Class, Jeep Wrangler, Porsche 911, Porsche 718, and Toyota RAV4 Hybrid were reselling used for above their MSRP when new.

Why? Most of these are vehicles so iconic their design has barely changed for decades. Even a used one looks at place on today’s roads. So with a long waiting list and upcharges for new ones, drivers were willing to pay above MSRP for used ones.

The 2019 Porsche 911 Carrera cost at least $91,100. The top trim GT2 RS would set you back $293,200. By 2023, the average three-year-old Porsche 911’s value had gone up 5.7%. That is about $11,373 above its sticker price. Meanwhile the more affordable 718 Cayman had gone up 1.8% or $1,342.

That’s an incredible appreciation. During the same three years, the average used car’s value dropped 23.8%. Even Porsche 911s tend to depreciate for at least two decades before gaining value as collectors’ cars.

How much is a 2019 Porsche 911 worth today?

After the 2019 Porsche 911’s brief jump in value, it’s now depreciating like a regular Porsche. Today, the average 2019 Porsche 911 is worth 19.5% less than it was when new. That means that even though it was selling for its MSRP–or $11k more–just two years ago, it’s now selling for less. To be precise, $24,428 less than MSRP. That means the average Porsche 911’s value has dropped $35k in just two years.

Does this mean a 2019 Porsche 911 is depreciating quickly? Absolutely not! According to iSeeCars.com, the Porsche 911 has the lowest 5-year depreciation of any vehicle. The runner up is the 718 Cayman, at 21.8%.

Reliable vehicles such as the Toyota Tacoma and Tundra are close behind. But unlike those trucks, the current Porsche 911 is destined to be a classic. So if you own one and hang on to it, values are likely to rise again after a couple decades. If you don’t yet own one, now might be the perfect time to buy in. If your curious how much they’re worth, check out used Porsche listings near you.