Porsche Market Recap November 2025

November continued the momentum we’ve seen building in the Porsche auction market, posting a 73% sell-through rate (STR) on 615 cars for a total of $38.7 million in sales. That marks a clear year-over-year improvement over November 2024’s 69% STR on 537 units and $36.5 million in dollar volume, while October’s outsized $52 million result now looks more like an anomaly driven by sheer volume than a new baseline. The 991 GT2 RS market remained red hot, GT4 RS values continued their gradual softening, bidders began to value 911 GTS Cabriolet Americas, and the defining story of the month was the 993 Turbo market catching fire.

The 993 Turbo market was the clear standout in November. Five examples crossed the block, and four sold above $325,000, a level we simply haven’t seen at an online auction all year. One of the more talked-about cars was marketed as a “Turbo S,” though it was technically a Japanese-market Turbo equipped with all the right boxes checked, including X50, Turbo S Aero Kit II, and X79 side vents. It sold at a final bid of $350,000. The high water mark for the month was a 12,000-mile example that brought $369,000. The real surprise came from a 30,000-mile Arena Red Metallic car, finished in the always-great “Kills Bugs Fast” hue, which hammered at $340,000. That result was quickly reinforced by a Guards Red example with 39,000 miles selling for $339,993.

The 991.2 GT2 RS market continued its impressive run in November with just two cars crossing the block, and both delivering standout results. The first was a 3,300-mile example finished in Racing Yellow and equipped with the Weissach Package and Magnesium wheels. It hammered at $500,003, comfortably clearing prior high comps around $416,000. The real headline, though, was a plain-Jane White over Black car without Porsche’s Weissach Package, the only non-Weissach example we’ve seen all year. Despite that, and even with plenty of low-mileage Weissach cars trading in the $460,000 to $490,000 range, this 939-mile example sold at a final bid of $506,000. When non-Weissach cars are bringing Weissach-plus money, it’s a clear signal that demand for the GT2 RS remains exceptionally strong.

The GT4 RS market continued to soften in November, with three examples crossing the block and only one finding a new home. Both no-sales stalled at final bids of $180,000, despite being well-specced cars. One was a 2025 example with 1,200 miles, finished in Racing Yellow with the Weissach Package and carrying a $189,000 MSRP. The other was a 2023 car showing 1,900 miles, also equipped with the Weissach Package, finished in Guards Red with an original sticker of $187,000. The lone sale was a 2023 example with notably higher mileage at 13,000 miles, but it stood apart thanks to both the Weissach Package and the Manthey Racing Package. That car sold at a final bid of $190,000 after failing to sell back in September at $182,000. Manthey kits are still bringing a premium, but clearly not what they once did, as this result represented only about a $22,000 bump over comparable high-mile cars without the kit.

The 911 Carrera GTS Cabriolet America Editions got off to a slow start at auction earlier this year, with most early examples failing to sell and just one finding a home back in August at $182,000. Momentum began to build last month when a 787-mile car sold for $223,000, and November pushed things further. Two examples topped that figure, with a 1,400-mile car hammering at $225,000 followed by a 1,200-mile example that sold for $238,875. After months of hesitation, bidders now appear willing to pay up for this limited-production model, suggesting the market is finally finding its footing.

With just one month left in the year, 2025 has already surpassed last year’s total dollar volume and is on pace to do the same on unit count, needing just 245 additional cars to get there while current trends point to at least double that number. The quality of sales has improved as well, with the average sell-through rate for the year now sitting at 72% compared to 68% at this point last year. If December delivers anything close to what we’ve seen recently, 2025 will go down as a stronger and more consistent year for the Porsche auction market than many expected.

 

• 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: stuttgartmarketletter.com