34K Original Miles: 1994 Porsche 928 GTS

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In any dictionary with a definition of a grand tourer, you’re likely to see a photo of a Porsche 928 nearby. A wonderfully quirky design that surrounded a powerful V8 and still looks modern today is a hallmark of Porsche’s celebrated GT car, but sadly, the legions of rough project-grade vehicles that litter the landscape on a daily basis can dilute the perceived worth of this front-engined highway missile. Not all 928s are created equal, however, and the final production year GTS models are legitimately special in ways that typically drive a high sale price. This 1994 GTS listed here on craigslist has under 35,000 miles from new and the seller is asking $84,500.

The 928 is a model I’ve gone back and forth on a few times with regards to deciding if I’d want to own one. However, a conversation with my mechanic’s son, a long-term Porsche enthusiast (and from a family of Porsche lovers) painted a stark picture for me: he said that there will likely be a day when it will be near impossible to find someone who wants to work on a 928. That’s not to say you couldn’t get a car like this into the service bay, but for all but the best examples, the risk of this thing getting stuck on a lift due to an obsolete part being impossible to find, many shops won’t even consider a project-grade 928 from the earlier years.

The GTS has always commanded strong interest from enthusiasts, however, and their limited production numbers certainly helps ensure their long-term desirability. In fact, production data confirms that only 77 1994 928 GTS’ were built for North America, with 47 of those cars equipped with an automatic and 30 with the much-preferred manual.  The Cup-style wheels and side mirrors, sport seats, a limited-slip differential and more help paint a picture of how enthusiast-focused the GTS was.  These days, a 928 GTS manual will typically clear $100,000 with ease, but the automatic cars are a bit less predictable.

In fact, looking back at the auction data, we can see this car went up for bid in 2023 on Bring A Trailer where if failed to meet the reserve. Over the last few months, a few similar 928 GTS cars with low miles and in pristine condition have also failed to meet reserve, while the manual transmission cars have soared to new heights. The seller is asking top dollar for this 928, and while I can understand the need to filter out cheap buyers, I think automatic 928 GTS’ will always struggle to tempt buyers when there’s a plethora of bargain basement 928s on the likes of Marketplace. Thanks to Barn Finds reader Tony Primo for the find.

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Comments

  1. RFBM3

    The definite holy grail of 928s. Almost. The automatic kills the value. I haven’t compared the automatics to the manuals in terms of values with 928s but I do know that for a 957 Cayenne GTS, one of which I personally own, the manual trucks are worth about 3 times more than the Tiptronic trucks.

    I haven’t done an analysis on 928s but I think it would be similar, so this is significantly overpriced, maybe twice as much over what it is worth, if not even more. That’s why it has not sold.

    Like 2
  2. Billy

    Owner bumped his head on a low hanging garage door.

    Like 3
  3. Katl

    I had a 928 S4 with a manual it was what I would say was one of the nicest highway cruisers I ever owned. It handled really well even well into triple digits it was always very predictable, quiet and extremely comfortable. I enjoyed driving that car a lot. The only issue I ever had with it was a clutch linkage that I had to replace. Back then parts were no problem. Very nice car!

    Like 1
  4. MarkMember

    The 928 looks much, much better in person! Great ride, buy way overpriced. You can get a great air cooled 911 for this price.

    Like 1

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