The Legacy and Value of the Porsche Carrera GT

June 27, 2024
The Legacy and Value of the Porsche Carrera GT

The Legacy and Value of the Porsche Carrera GT

When did the Carrera GT start fetching seven figures? Let’s talk about it.

For starters, there is absolutely nothing ordinary about the Carrera GT. With only 1,270 units produced during its brief two-year production run, it stood toe-to-toe with the supercar heavyweights of its era—think Ferrari Enzo, Ford GT, and Mercedes-Benz SLR McLaren.

The Carrera GT was a marvel of engineering with its carbon fibre monocoque and subframe, a revolutionary feature at the time. This innovation resulted in an incredibly agile, aerodynamic, and lightweight machine, tipping the scales at just 3,043 lbs (for comparison, the Enzo weighed in at 3,263 lbs).

Porsche designated this masterpiece as the “Type 980.” It boasted a mid-mounted, naturally aspirated 5.7-litre V10 engine, capable of launching to 60 mph in just 3.9 seconds with over 600 horsepower. The 980 exclusively came with a six-speed manual transmission, a feature that significantly contributes to its collectible status. We could wax poetic about the engineering all day, but suffice it to say, it was groundbreaking.

Back in 2003, the Carrera GT had an MSRP of around $450,000. Fast forward to today, and the median sale price is a remarkable $1.3 million, reflecting a 188% increase in value. Check out the chart below for a detailed look at sales data from 2010-2024.

Interestingly, the Carrera GT was selling at or below MSRP from 2010 to 2012. But by 2015, prices surged to $1 million. While there were some fluctuations between 2015 and 2020, values never dipped back to MSRP levels. By 2021, prices were robust and peaked in 2022, reaching a staggering $2.2 million. In 2024, we see a slight softening, but the CGT’s upward trajectory appears poised to continue.

As we always say, it’s important to recognize that these values only scratch the surface of the intricate valuation landscape. Mileage, track usage, ownership history, condition, and provenance all play critical roles in determining a vehicle’s true market value. Each example’s story is unique, and these nuances significantly affect its desirability and final appraisal.

For example, let’s talk about that $2.2 million Carrera GT sold at Mecum in 2022. This particular car was number 940 of the 1,270 produced. Notable factors included its mere 182 miles on the odometer and being one of only 64 cars finished in the rare Seal Grey Metallic (as opposed to the standard GT Silver Metallic). Based on our research, this example was still on its original MSO, making its market debut a significant event. We haven’t seen it since.

If you were among the fortunate few who bought a Carrera GT at or below MSRP, you’re sitting on a gold mine. Selling it today would more than double your initial investment, proving this iconic supercar to be a solid and reliable asset.

Expert Corner
At Merlin Auto Group, we are fortunate to have one of very few technicians in the country who is factory Certified on the Carrera GT. Kellen Miller is our Master CPT Gold Porsche Technician, with over 20 years of experience. If you’re in need of an expert to look after your CGT, we encourage you to contact us today. We’re located in Atlanta, Georgia, and can facilitate secure, enclosed shipping nationwide.


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