Skip to main content
Price opinion from advertisements and recorded sales. Not an inspection or a certified valuation.
CarQuant page
Reference photograph of a Porsche 911 Carrera
Valuation · Porsche · 993 · 1994-98

Porsche 911 Carrera

3.6L NA air-cooled flat six · 210 kW / 340 Nm · 6sp manual · RWD
CONSIDERRated within the over $100k band · 65 of 104 at this money
Model value
$202,500
Must gain each year to break even
+6.6%
The projection does not clear it, and nor does most of the library.
CarQuant score
59/100
Scored against the over $100k band, not the whole library
Evidence grade
Thin
One to three recorded Australian sales
$202,500
$166,516 lowhigh $248,727
Calibrated to a thin record
Three publishable Australian results, $72,000 to $137,500, and none is a manual coupe. The attribution on the $77,000 car is weak enough that it is probably a 964.

Looking at a 911 for sale?

Put in the asking price and the odometer reading. You will see what this model should make at that reading.

Should make, typical example
$202,500
At about 45,000 km. Enter an asking price to compare.

Odometer only. Colour, options, history, condition and the photographs move it further, and that is what the report reads.

A person reads the advertisement and its photographs. Usually back within 48 hours. Read a real listing report

Price history

Today $202,500 · modelled median at five years $207,005
Solid line: the value this library has carriedDashed from 2026: modelled · even money $185,708 to $228,951
The green band is the even-money range and the one to plan on: half of outcomes land inside it. The pale band behind it bounds eight in ten ($166,516 to $248,727). The path is this model's own: it starts along the momentum of its recorded history and bends toward its projected median as the horizon lengthens, so no two cars share a future curve.

The verdict

A defensible case with reservations. Scores 59/100, ranking 65 of 104 in the over $100k band. Demand durability is the strongest input, risk resilience the weakest.
Running it costs about $12,210 a year (6.0% of value), which is what the economics score measures. All in, including the projected value change, it is $13,981 a year.
The model's five year median is $207,005, a +2.2% move, with the tenth percentile at $166,516.
Value calibrated to a thin record. Treat the level as provisional.
Evidence
Thin3 recorded sales
Off its peak
-3%
Value band
moderate
Multiple recorded transactions plus an aggregate source. Treat the level as reliable.
Scored against every recent Australian sale this library holds, half its values land within 11.2 per cent of the price paid and the rest miss by more, in either direction. Projections are therefore damped toward flat in proportion to how little is known, and the plausible band is never narrower than the error the model is known to make.
This value sits above every recorded sale logged for the model. That is the specific error calibration keeps finding, so treat it as a ceiling rather than a mid-point.
Short term (1-5 years)$13,981 a year all in, +2.2% median value move
Long term (10-15 years)Scarcity case already formed
Negotiate from$202,500

Recorded sales

Every recorded observation, and when
4 rows on record
$228k$140k$53k
2020202220242026
the value this record publishesnow $203kwhat the model expects across 125k–148k kmsoldasking
Every row, with its price and note (4) ↓
Library value against the sold record
3 sales · median $77,000
Value $202,500
$72,000$137,500
The library value sits above the highest recorded sale; the evidence note above explains why.
Sep 2026Collecting Cars$137,500Sold
SOLD. 24 Sep 2026, Canterbury VIC, 125,326km. 1996 993 TARGA, four-speed Tiptronic, Ocean Blue Metallic over black, paint fully restored and ceramic coated, Porsche Centre Doncaster and specialist services to Nov 2025
Aug 2026Autotrader Australia$189,990Asking
ASKING. 1995 993 Carrera Coupe Tiptronic, Polar Silver over ash black, 98,072km, Rushcutters Bay NSW, reduced from A$199,990. Third-party classifieds listing, not a sale.
Feb 2026Lloyds Auctions$77,000Sold
SOLD. Published by Lloyds as a 1994 Porsche 911 Carrera Cabriolet (993), February 2026 classic sale, recap published 10 Mar 2026, described as an Australian-delivered matching-numbers example. ATTRIBUTION WEAK - 993 Cabriolet production did not begin until mid-1995, so this is more likely a 964 Cabriolet; do not use it to set a 993 Cabriolet benchmark.
Jun 2020Shannons / Just Cars$72,000Sold
SOLD. 1996 911 Targa (993), Shannons online auction 20 May - 3 June 2020. Australian-delivered, 148,334km, optional Tiptronic.
3 completed Australian sales of 4 rows. Rows marked asking, no sale, or context are shown for honesty but do not count toward the evidence grade: an ask is not a transaction, a pass-in is a refusal, and a provenance or overseas result does not price the ordinary local car. The badge on every row is computed by the same rule as the grade, so the two cannot drift apart.

Score breakdown

Against the over $100k band median
104 cars in band · ink tick marks the median
Ownership economics30% of total
69/100even
Scarcity25% of total
51/100-14
Demand durability20% of total
72/100-6
Liquidity15% of total
68/100+36
Risk resilience10% of total
9/100-25
Sub-scores run 0-100 before weighting; the weighted total is 59/100. Medians are computed live from the 104 cars currently in the over $100k band, so this picture moves when the library does.
The working behind each factor: baseline and drivers ↓
Ownership economics30% weight
69/100
Baseline84 pts
− 6.0% of value a year to run-15 pts
Sub-score (baseline plus drivers, clamped 0-100)69 pts
Scarcity25% weight
51/100
Baseline20 pts
+ 650 survivors estimated in Australia+31 pts
Sub-score (baseline plus drivers, clamped 0-100)51 pts
Demand durability20% weight
72/100
Baseline58 pts
+ The last air-cooled 911 and the one everybody wants to own+16 pts
+ The lowest import proportion of any air-cooled car here+8 pts
− The re-rate already happened, between 2021 and 2023-10 pts
Sub-score (baseline plus drivers, clamped 0-100)72 pts
Liquidity15% weight
68/100
Baseline12 pts
+ 50 days on market+40 pts
+ 65 sales a year+16 pts
Sub-score (baseline plus drivers, clamped 0-100)68 pts
Risk resilience10% weight
9/100
Baseline48 pts
− Secondary air injection carbon needs the heads off at $18,500-14 pts
− The market is split in two and the middle is thin-10 pts
− Neither Australian result is a manual coupe-8 pts
− Thin transaction record-7 pts
Sub-score (baseline plus drivers, clamped 0-100)9 pts
Model output, not advice or a valuation. Verify independently before acting.

What it costs to own · about 2,500 km a year

Annual cost of access, excl. fuel
$12,210a year
Share of value per year
6.0%
Scheduled servicing$2,75023%
Tyres, annualised$1,87015%
Registration and CTP$1,47012%
Insurance$3,48029%
Sinking fund (failure table)$2,64022%
All-in annualised (a different number)
Purchase (model value plus duty)$210,600
Running costs × 5 years$61,050
Median exit, net of selling cost$201,745
All-in annualised over 5 years$13,981/yr
Share of value per year6.9%
Cost of access is what the car costs to run. All-in annualised adds depreciation, duty and selling costs across a five year hold. They answer different questions and are labelled separately for that reason.
Break-even appreciation, 5 year hold
6.6%a year, only to get the money back
This library projects
+0.4%a year
The projection falls 6.2 points a year short of the hurdle. On these assumptions this car is a cost, not an asset, which can be an entirely rational thing to buy but should be bought knowing it.
Purchase$202,500
Stamp duty$8,100
Running costs x 5 years$61,050
Selling cost at exit, 2.6% of the salescales with price
Sale price needed at +5 years$278,894
Storage
Bought at
No forecast is used to compute the hurdle. It is the purchase, the duty, any premium and 5 years of running cost, grossed up for the cost of selling and spread back over the hold. The projection it is measured against is the weakest number in this product and is drawn that way in the chart above. Transport, finance and any restoration spend sit outside it.

Specification

Engine3.6L NA air-cooled flat six
Power / torque210 kW / 340 Nm
0-100 km/h5.4 s
Transmission6sp manual
DriveRWD
Kerb weight1,370 kg
Built worldwide68,029
Delivered to Australia400
Effective AU survivors650
Australian sales / year65
Typical days on market50 days
Launch priceNot established

What moves the price on this model

Colour hierarchy
Original paint, unresprayed+8%
Polar Silver over ash black, a documented Australian specification+2%
Resprayed, or a colour change-8%
Options
Six-speed manual rather than Tiptronic S+25%
Australian delivery with matching numbers+20%
VarioRam MY96-98 rather than the earlier engine+10%
Odometer sensitivity±1.9% per 10,000 km vs 45,000 km
Applied on top of these

Condition, history, originality, ownership, delivery and modification multipliers apply to every car in the library. They are applied automatically when an advertisement is analysed, and the schedule is set out once, on the analyser page.

Projected value in five years

Projected value at five years
$207,005
+2.2% on today
The model's figure. Today it is $202,500.
Even odds it lands between $185,708 and $228,951.
$166,516 lowhigh $248,727
The shaded range is even money and 23% wide; the outer figures bound eight outcomes in ten. Band width follows the evidence - a model with a tight measured record carries a tight band.
A weaker five year outlook than 56% of the library.
-26.6% weakest projected move in the librarystrongest +73.1%
Five-year cost of ownership
Value change alone: +$4,505 across five years.
Running costs over the same period: $61,050.
Duty and expected selling costs: $13,360.
Net cost of five years of ownership: $69,905, or $13,981 a year.
The projected value rise offsets part of the running cost. It does not make the car free to own.

The case for and against

The case for

Australia took an estimated 300 to 500 Carreras new and imports are the lowest proportion of any air-cooled car in this tranche at 20 to 30 per cent, so a documented local car is findable rather than mythical. Sorted documented manuals are firm while the rest of the market softens, which is a market sorting itself by quality rather than falling.

The case against

The gap between a $189,990 asking price on a Tiptronic coupe and a $77,000 Lloyds hammer tells you how split this market is, and neither Australian result is a manual coupe. Secondary air injection carbon is the signature 993 fault and clearing it properly means the heads off at $18,500.

Known faults and risks

Risk 1Secondary air injection carbon blockage, cleared with the heads off
Risk 2Automatics and tired cars are softening while sorted manuals hold
Risk 3One of the two local results is more likely a 964 than a 993
Secondary Air Injection carbon blockage requiring heads off - the signature 993 fault (cleaning alone is 3,500-9,000)$18,500
Valve guides and top-end at high km$18,000
Dual-mass flywheel and clutch$7,000
Targa glass-roof mechanism - cables, rollers and seals$6,500
Cracked exhaust manifolds, genuine replacement pair$6,250
Tiptronic S valve body and cooler$6,000

Similar cars, and what they cost to run

Evidence behind this valueThin · 3 recorded sales
Carried value
$202,500
Historical price
2016 · $202,5002026 · $202,500
Thin
Multiple recorded transactions plus an aggregate source. Treat the level as reliable.
September 2026, a third result, and the model's own rows return it

A 1996 Targa on the four-speed Tiptronic made $137,500 at Canterbury, Victoria, on 24 September: Ocean Blue, 125,326 kilometres, paint fully restored, dealer and specialist history to November 2025. Run through this record from the manual coupe at 45,000 kilometres, the curve takes the distance to $185,500, the respray row takes 8, and the manual row worked in reverse for a Tiptronic lands at $136,500, a thousand dollars under the hammer. The Targa roof is priced at nothing and the result says that is about right.

Read the rest of the evidence notes (5 more)
The value does not move

The car it describes, a manual coupe, has still not been published in Australia.

The first two results, and neither one is this car

Shannons sold a 1996 Targa with the optional Tiptronic for $72,000 in an online auction running 20 May to 3 June 2020, Australian-delivered at 148,334km. Lloyds published $77,000 for what it called a 1994 911 Carrera Cabriolet in its February 2026 classic sale, recapped on 10 March 2026 as an Australian-delivered matching-numbers example.

The second one probably is not a 993 at all

993 Cabriolet production did not begin until mid-1995, so a 1994 993 Cabriolet cannot exist as described and the car is more likely a 964. It is recorded and deliberately not used, and it should never be quoted as a 993 Cabriolet benchmark.

The market is bifurcated and the evidence sits on the wrong side of the split

Sorted documented manuals are firm; automatics and tired cars are soft. Both local results are automatic or the wrong body, and against them sits a $189,990 asking price on a 1995 Tiptronic coupe with 98,072km, itself reduced from $199,990. A hammer at $77,000 and an ask at $189,990 on one model is not a range, it is two markets.

The value is a placement

It describes the manual coupe with Australian delivery and matching numbers, worth 15 to 25 per cent over a converted or imported car with VarioRam adding 8 to 12 on MY96-98, and nothing published in Australia describes that car. The trend is holding rather than climbing after the re-rate.

This page prices the model.
The report prices the car in the advertisement.

Send the link. A person reads the advertisement and its photographs and sends back what that Porsche 911 Carrera is worth, what to offer and when to walk away, with five years of costs at the distance you drive.

Read a real listing report

The evidence on this model is thin and the report says so on its cover. Read a complete one on a real car first. Seventeen sections, no account, nothing to pay.

This model, today$202,500
Half of sales are further out than$22,638
The report$249
91×
the price of the report: what half of real sales of this model sit further from this page's number than, on this car
Watch this model
Told when the next one is called.

One line of email when this desk publishes a call on a Porsche 911 Carrera, or records a new Australian sale of one. Nothing else, no schedule, and on a quiet model you may hear nothing for months, which is itself worth knowing about a car you are chasing.

Free. One address, one model, and no account.
911 for sale?Priced by a person, $249