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 Porsche 911 964 Carrera 4 holds a median price of $116,000 in the current US market, off 1.1 percent over the past year—a modest pullback that reflects broader stability rather than distress in early-1990s 911 values.
Transaction activity remains thin, with nine sales recorded over the past twelve months against an eighteen-sale lifetime sample, suggesting this model segment commands modest liquidity. Buyers should expect measured search periods and limited negotiating leverage when ready to move.
At 35,033 miles on average, transacted examples typically show moderate use consistent with weekend-driver status rather than garage queens. This mileage profile supports the market's current valuation and reflects realistic expectations for how these cars have been kept.
The 964 Carrera 4 occupies an appreciating-classic tier with moderate desirability despite its 13,353-unit production run. All-wheel drive capability and mid-range power distinguish it from higher-demand carrera and turbo variants, though solid engineering and period authenticity sustain collector interest.
A three-year base projection points to $127,055, implying 9.5 percent appreciation, while five-year outlook settles at $130,834 for 12.8 percent cumulative gain. These forecasts assume continued stabilization in the early-1990s air-cooled segment and no major supply shocks affecting comparable models.
Current conditions warrant a fair-entry assessment for buyers with patience and long holding horizons. The model trades near intrinsic value with room for gradual upside, though it lacks the momentum or scarcity that typically drives sharper gains in the collectible 911 market.
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.