Porsche 911 (964) Carrera 4
1989–1994
Lowest price
US$46,250
Since 2020
Median price
US$104,600
Since 2020 · n=18
Highest price
US$1,075,000
Since 2020
Sold cars
18
All time
Sell-through
100%
Of 18 lots

Based on 18 verified auction results
US$116,000
Market value · recent verified sales
-1.1%
12-month change
Fair Entry
Stable prices. Negotiate on spec and condition.
Prices have been flat (-1.1%). No strong directional signal.
MSRP
—
Collectibility
7/10
Highly Collectible
3-Year Forecast
US$127,055
+10%
5-Year Forecast
US$130,834
+13%
Market scores
54
Desirability
Thin
30
Liquidity
Moderate
50
Resale Outlook
Option premiums
What every option is worth.
Built ≤ 1990
−US$12,914-12%24 with · 13 without · high confidence
Premiums compare the median price of sales with each option against comparable sales without it, mined from verified auction listings. Sales are pooled across markets on a relative-price basis, so exchange rates and market levels can't skew the split. Options interact in ways a one-at-a-time split can’t capture — treat each premium as directional rather than gospel.
Marque analyst note
The 964 Carrera 4 is holding steady at a median of $116,000, down just 1.1 percent over the past year despite thin trading activity and an absence of current listings in the tracked market. This modest retreat reflects a stabilization phase rather than any fundamental erosion in demand for this highly collectible generation.
The nine transactions recorded over the past twelve months underscore the thinness of the market, though the broader eighteen-sale sample since tracking began suggests there are buyers for well-presented examples. At these transaction volumes, price discovery is gradual and individual condition and provenance variations carry outsized influence on final hammer prices.
As a model that saw 13,353 units produced during its run, the 964 Carrera 4 occupies a middle ground between rarity and relative availability within the classic 911 landscape. Its all-wheel-drive configuration and modern-enough engineering place it in the appreciating-classic tier, with a collectibility score of 7 reflecting solid but not elite desirability among serious collectors.
The typical transaction car carries around 35,000 miles, suggesting most surviving examples have been carefully driven and preserved rather than thrashed or neglected. This mileage profile supports the model's reputation as a usable classic that owners tend to maintain to reasonable standards.
The three-year base projection stands at $127,055—a 9.5 percent appreciation from current levels—while five-year outlook reaches $130,834, or 12.8 percent cumulative gain. These modest but positive trajectories rest on steady collector appetite for air-cooled 911s and the 964's position as the final carbureted variant before the water-cooled 996 generation, a lineage advantage that should support gradual price drift.
Depreciation Benchmark
- Current avg valueUS$116,000
- Annual appr. rate-1.1%/yr
- Segment average+3.0 to +9.5%/yr
Vehicle History Signals
- Auction lots tracked41
- Damage or salvage declared0 (0.0%)
- No damage declared41 (100.0%)
Est. Annual Ownership Costs
- Insurance (agreed value)US$940
- MaintenanceUS$3,220
- StorageUS$3,220
- Depreciation— (appreciating)
- Total annual costUS$7,380
Market Liquidity
- Active Listings0
- Sales Last 12 Months17
- Sell-Through94%
Market Snapshot
- Active Listings0
- Avg Sale PriceUS$154,774
- Avg Mileage at Sale35,033 mi
- Recent Price RangeUS$46,250 – US$1,075,000
- Total Sales Tracked18
Recent sales
Showing latest 18US$50,029
Bring a Trailer · 13 Aug 2026
black · manual
US$95,500
Bring a Trailer · 12 Aug 2026
36,000 mi
Black · 6-speed manual
US$56,964
Bring a Trailer · 27 Jul 2026
Guards Red · 5-speed manual
US$46,250
Bring a Trailer · 24 Jul 2026
Baltic Blue Metallic · manual
US$56,000
Bring a Trailer · 23 Jul 2026
66,000 mi
Guards Red · 5-speed manual
US$212,000
Bring a Trailer · 17 Jul 2026
3,100 mi
Guards Red · 6-speed manual
US$115,500
Bring a Trailer · 15 Jul 2026
Guards Red · manual
US$116,500
Bring a Trailer · 8 Jul 2026
Linen Gray Metallic · manual
US$116,000
Bring a Trailer · 5 Jul 2026
Polar Silver · 6-speed manual
US$127,000
Bring a Trailer · 14 May 2026
light blue metallic · 5-speed manual
Indicative only — not investment advice. Past performance is not a reliable indicator of future value.