Car Collector International
Modern Classic · 2011–2019

Porsche 911 (991)

The first water-cooled 911 built from a clean sheet — and the generation that proved the 911 could still be the world's everyday supercar.

CoupeCabrioletTarga
Car Collector International Editorial
Porsche 911 (991)
Overview

Why this car matters

Unveiled at the 2011 Frankfurt Motor Show and produced until the arrival of the 992 in late 2019, the Porsche 911 type 991 was a genuine generational reset. It was 56 mm longer in wheelbase than the outgoing 997, 45 mm wider, and built on an entirely new chassis architecture that finally banished the last vestiges of the original 1963 floorpan. For the first time, every 911 body panel was made from aluminium, electric power steering replaced the old hydraulic rack, and a seven-speed manual gearbox was offered alongside the increasingly dominant PDK twin-clutch transmission.

The 991.1 generation (2011–2014) carried over naturally-aspirated 3.4-litre and 3.8-litre flat-sixes in the Carrera and Carrera S, before the 991.2 facelift (2015–2019) replaced them with a new family of 3.0-litre twin-turbo engines. The move to turbocharging was controversial at the time, but it brought a useful step in torque, efficiency and real-world pace. Today, with the 991 out of production and the market beginning to separate the memorable variants from the ordinary ones, it is the generation collectors are starting to take seriously.

The 991 is the 911 that Porsche re-engineered rather than evolved. It introduced the wider, more modern proportions that define the 992, it delivered the last gated seven-speed manual in a mainstream 911, and it spawned some of the most compelling driver's cars of the modern era — the 911 R, the 991.2 GT3 with its 4.0-litre engine, and the 50th Anniversary Edition. For buyers priced out of air-cooled 911s but unwilling to accept the digital complexity of the 992, the 991 represents a sweet spot of analogue feel, daily usability and relative value.

Variants

Range and production

VariantYearsProductionNotes
Carrera2011–20193.4L (991.1) / 3.0L turbo (991.2) base coupe; 350–370 hp.
Carrera S2011–20193.8L (991.1) / 3.0L turbo (991.2); 400–420 hp.
Carrera 4 / 4S2012–2019All-wheel-drive variants; wider rear body.
Targa 4 / 4S2014–2019Retractable targa roof with classic brushed hoop.
GTS2014–2019430 hp (991.1) / 450 hp (991.2); the sweet-spot driver's car.
50th Anniversary Edition20131,963Carrera 4S-based; unique Fuchs-style wheels, wider body, limited to 1,963 units.
GT32013–20193.8L (991.1) / 4.0L (991.2); PDK-only track-focused road car.
GT3 RS / 911 R2015–2019Limited motorsport-derived variants; now the most collectible 991s.
Turbo / Turbo S2013–2019520 hp (Turbo) / 580 hp (Turbo S); four-wheel drive, PDK.
Collector Variants

Limited & special editions

The models below represent the most significant limited and special edition variants — factory-produced cars that command meaningful premiums over standard examples and warrant specific attention from serious collectors.

911 R (991) · 2016

991
Distinguishing features
4.0-litre naturally aspirated flat-six from the 991 GT3 RS (500 hp), six-speed manual, no rear wing, single-mass flywheel and lightweight interior. A deliberate analogue counterpoint to the PDK-only GT3 of the same generation.
Value premium
2–3× a 991.1 GT3 manual conversion; routinely £400k–£550k.
Inspection points
Confirm the original 4.0 engine and six-speed gearbox are matching numbers. Check the unique R-specific decals, houndstooth seats and bonnet stripes are factory and not retrofitted.

911 Speedster (991) · 2019

1,948
Distinguishing features
Naturally aspirated 4.0-litre 510 hp flat-six from the GT3, six-speed manual, shortened windscreen, double-bubble carbon tonneau and Heritage Design Package option pack.
Value premium
20–40% over a 991.2 GT3 Touring in similar condition.
Inspection points
Verify the carbon tonneau, manual roof mechanism and (where fitted) Heritage Design trim package codes. Check for stone chips on the painted carbon panels.

911 GT2 RS (991) · 2018–2019

1,000 base + 200 GT2 RS MR (factory Manthey package)
Distinguishing features
Twin-turbo 3.8-litre flat-six rated 700 hp, RWD-only, magnesium roof, carbon bonnet, Weissach Package option and (on MR cars) a Manthey-developed aero, brake and suspension kit installed under Porsche warranty.
Value premium
20–60% over MSRP; MR cars trade at a further 20–30% premium.
Inspection points
Confirm Weissach Package contents (carbon stabilisers, magnesium wheels). For MR cars, verify the Manthey build plate, fender vents and revised aero are factory-installed.

Production figures sourced from official marque records and specialist registers. Verify chassis documentation with the relevant marque register before purchase.

Buyer's Guide

What to look for

Provenance and originality

As with any modern Porsche, the strongest cars carry a fully stamped service record, original options list, and a clear ownership trail. Look for annual services at Porsche Centres or recognised independents, evidence of the four-year PDK service if applicable, and factory recalls completed. Cars with original Pirelli P Zero or Michelin Pilot Sport tyres, matching keys and the complete leather document wallet are small details that add up at resale.

Variant and specification strategy

The base Carrera is the best value daily-use 911, but the Carrera S and GTS offer the stronger engine, wider rear body and the more desirable specification most collectors want. Manual cars are increasingly rare and carry a premium. The 911 R, 991.2 GT3 and GT3 RS are already collector-grade, while the 50th Anniversary Edition combines limited production with strong visual identity. Turbo S cars offer stupendous performance but are less engaging as driver's cars.

Mechanical inspection priorities

A 991 should feel tight, rattle-free and linear in its power delivery. On a PPI, insist on a full ECU diagnostic read, oil-condition check, underbody inspection for coolant residue (the plastic coolant lines on early 991.1 are a known concern), and a test of PDK clutch wear if fitted. For 991.2 turbo cars, check charge-air-cooler integrity and turbo coolant-line condition. A compression test is worthwhile on any higher-mileage naturally-aspirated car.

Body, paint and accident history

The 991's aluminium body panels are more expensive to repair correctly than the steel panels of older 911s. Use a paint-depth gauge across the front wings, doors, rear quarters and the vulnerable front bumper. Check panel gaps around the headlights and the rear decklid — a front-end shunt can be hidden well. A fully documented cosmetic history is acceptable; a concealed structural repair is not.

Pricing

What to pay

Project / high-mileage Carrera
USD$42,000 – $58,000
GBP£33,000 – £46,000
EUR€38,000 – €52,000
Higher-mileage 991.1 base cars, Tiptronic/PDK, partial history, cosmetic needs.
Good driver Carrera / 4
USD$58,000 – $85,000
GBP£46,000 – £68,000
EUR€52,000 – €76,000
Honest 991.1 or early 991.2 Carreras, full history, 40–80k miles.
Carrera S / GTS
USD$85,000 – $135,000
GBP£68,000 – £108,000
EUR€76,000 – €120,000
Desirable S/GTS variants, lower miles, good options, manual premium.
GT3 / Turbo S / 50th Anniversary
USD$150,000 – $285,000
GBP£120,000 – £228,000
EUR€135,000 – €255,000
Limited and high-performance variants; values vary sharply by specification and history.
911 R / GT3 RS / rare specs
USD$300,000 – $650,000+
GBP£240,000 – £520,000+
EUR€270,000 – €580,000+
Collector-grade halo models; originality and mileage drive pricing.

Regional ranges authored independently — each reflects its local market, not an FX conversion

Ownership

Living with it

Typical mileage
3,000–8,000 miles typical
Service interval
12 months / 10,000 miles (Porsche Inspection Service); PDK service every 4 years
Annual running cost
$3,000 – $7,000 (excluding depreciation; appreciating in select variants)
Fuel economy
22–28 mpg (Carrera); 18–24 mpg (Turbo/GT3)
Insurance
Agreed-value policies from Hagerty, Adrian Flux or Lockton typically run $1,200–$2,800/yr for a $90k Carrera S with limited mileage and secure storage.

Annual service expectations

A routine annual service at a Porsche Centre or recognised independent costs $700–$1,400. The four-year PDK service is $1,500–$2,500. Brake pads and discs on S/GTS/Turbo cars are consumables; a full brake refresh can exceed $3,000.

Storage and exercise

PDK gearboxes and direct-injection engines do not benefit from long periods of inactivity. Plan for monthly exercise drives, a battery maintainer, and climate-controlled storage where possible. The 991's wider aluminium panels are vulnerable to door dings and UV damage; a well-ventilated cover helps.

Common Problems

Known issues by system

Engine — Coolant lines

Plastic coolant pipe failure on early 991.1

Major$2,500 – $5,000 (upgraded parts fitted)
Symptoms — Coolant loss, damp patches under the engine, overheating warnings.
Inspection — Lift the car and inspect coolant lines at the water pump and crossover pipe for residue or seepage.
Engine — Bore scoring / scoring

Cylinder bore scoring on some 3.8L 991.1 Carrera S engines

Moderate$8,000 – $20,000+ (engine rebuild or replacement)
Symptoms — Increased oil consumption, smoking on overrun, poor compression on one bank.
Inspection — Compression and leak-down test; borescope inspection of cylinder walls.
Transmission — PDK clutch and mechatronics

PDK clutch wear and valve-body faults with age

Moderate$4,500 – $9,000 (clutch and service); mechatronics unit replacement higher
Symptoms — Jerky low-speed shifts, clutch slip, warning messages, delayed engagement.
Inspection — Diagnostic clutch-wear read; test drive in stop-start traffic and manual mode.
Transmission — Manual gearbox

Synchro wear and notchiness on 7-speed manual

Minor$1,500 – $4,000
Symptoms — Resistance selecting 2nd or 3rd when cold, crunchy changes.
Inspection — Multiple cold and warm gear changes during PPI; check gearbox oil level.
Electrical — LED taillight modules

Partial LED failure in rear light clusters

Minor$800 – $2,500 per side
Symptoms — Segments of the tail light not illuminating; MOT/test failure in some markets.
Inspection — Cycle all lights and indicators; inspect for moisture in the lens.
Body — Door seals and window regulators

Window regulator failure and door seal degradation

Minor$400 – $1,200
Symptoms — Slow or noisy window operation, wind noise at speed, water ingress.
Inspection — Operate all windows; listen for motor strain; inspect seal lips.
Turbo models — Coolant and charge system

Turbo coolant-line leaks and charge-air-cooler issues on 991.2

Moderate$2,000 – $6,000
Symptoms — Coolant smell, reduced boost, intercooler condensation in intake.
Inspection — Pressure-test cooling system; inspect turbo intercooler hoses and charge pipes.
GT3 — Early connecting-rod issues

First-run 991.1 GT3 engine replacement programme

CriticalCovered by Porsche campaign if eligible; otherwise $30,000+
Symptoms — If the engine-replacement campaign has not been completed, treat as a serious risk.
Inspection — Verify Porsche workshop record of engine replacement or recall closure.
Valuation

Current value bands by region

Concours
USD
$135,000
GBP
£108,000
EUR
€122,000
+4% 12-mo
Excellent
USD
$98,000
GBP
£78,000
EUR
€88,000
+2% 12-mo
Good
USD
$72,000
GBP
£57,000
EUR
€65,000
0% 12-mo
Fair
USD
$54,000
GBP
£43,000
EUR
€49,000
-1% 12-mo
Project
USD
$38,000
GBP
£30,000
EUR
€34,000
-3% 12-mo

Each region quoted in its local currency — independent market readings, not FX conversions

The 991 market has moved through the early depreciation curve and is now settling into a more mature collector phase. Ordinary 991.1 Carrera PDK cars with higher mileage are abundant and trade in the $45,000–$65,000 band, while manual Carrera S and GTS examples have firmed as buyers recognise the rarity of a three-pedal modern 911. The 991.2 turbo cars remain desirable for their performance, but their values are pinned more closely to newer 992 pricing.

At the top of the range, the 911 R has become a seven-figure car in the best specifications, the 991.2 GT3 with its 4.0-litre engine is consistently strong, and the 50th Anniversary Edition has developed a following as a uniquely configured model with a clear production cap. The key differentiator in the 991 market is no longer simply mileage; it is specification, originality, and the quality of the service history.

Auctions

Recent results

DateAuctionCarMileageResult
2025-03-07
Gooding & Co.
Amelia Island 2025
2016 911 R
White with green stripes; original-allocation car.
2,400 mi
$468,000
Sold
2025-01-25
RM Sotheby's
Arizona 2025
2019 GT3 RS
Weissach Package; PTS paint.
3,100 mi
$285,000
Sold
2024-08-17
RM Sotheby's
Monterey 2024
2018 GT3 Touring
5,800 mi
$235,000
Sold
2024-08-17
Bonhams
Quail Lodge 2024
2013 50th Anniversary
12,000 mi
$152,000
Sold
2024-03-09
Gooding & Co.
Amelia Island 2024
2015 GTS
Manual coupe; highly optioned.
18,500 mi
$98,000
Sold
2024-01-26
RM Sotheby's
Arizona 2024
2017 Carrera S
22,000 mi
$78,000
Sold
Investment

Long-term outlook

EmergingHorizon: 5–10 years

The 991 is the first water-cooled 911 generation to be fully out of production and no longer directly compared with the current showroom model. Within the range, the strongest long-term prospects are the manual Carrera S and GTS, the 50th Anniversary Edition, the 911 R, and the 991.2 GT3 / GT3 RS. Base PDK Carreras are likely to remain plentiful and depreciation-resistant rather than appreciating. As air-cooled 911s continue to climb, the 991 offers a logical entry point for collectors seeking the driving experience of a modern 911 without the digital complexity of the 992.

Recommended

The trusted network

Specialists

  • Tuthill Porsche
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    Banbury, UK
    Porsche motorsport preparation, historic rally builds and 911 servicing.
  • Canepa
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    Scotts Valley, CA
    Restoration, concours preparation and preservation for Porsche and collector cars.
  • Porsche Centre network
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    International
    Factory diagnostics, warranty work and Porsche Classic support.

Storage

  • Windrush Car Storage — London
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    London, UK
    Climate-controlled collection storage for high-value cars.
  • Autovault
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    Bicester, UK
    Secure climate-controlled storage at Bicester Heritage.
  • Canepa
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    Scotts Valley, CA
    Premium climate-controlled storage and collection management.

Transport

  • Reliable Carriers
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    USA (national)
    Enclosed coast-to-coast transport for premium cars.
  • CARS UK
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    UK & Europe
    Enclosed event, concours and collection transport across Europe.
  • Schumacher Cargo Logistics
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    Los Angeles, CA
    International enclosed shipping and logistics.

Insurance

  • Hagerty UK
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    UK
    Agreed-value collector car insurance with event and track-day cover.
  • Hagerty USA
    View →
    North America
    Specialist collector insurance for modern classics and driver-focused policies.
  • Lockton Private Clients
    View →
    International
    High-value collector car policies for multi-car collections.

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The valuation figures in this guide are for research purposes only and do not constitute financial or investment advice. See our full disclaimer.