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The Porsche 993 is the last air-cooled 911. Built from 1993 to 1998 it marked the end of an era that began in 1963 with the first 901. The 993 introduced a new multilink rear suspension, a redrawn body that retained the proportions of the original 911, and brought the first 911 Targa with a sliding glass roof and the first 911 GT2 as a road car. Among collectors the 993 is the most sought-after transition before water cooling: still fully air-cooled, yet refined enough to drive daily. A 993 is not sold to just any buyer; it is passed on to someone who respects the air-cooled Mezger culture.
The Porsche 993 was unveiled in autumn 1993 and went on sale in 1994. The car succeeded the 964 and introduced a thorough technical evolution: the rear suspension was replaced with a multilink configuration (LSA), the engine grew to 3.6 litres (272 hp in the Carrera), and the body was redrawn by Tony Hatter with wider wheel arches and a more refined front end. The Carrera S arrived in 1997 with the wider Turbo body and sharpened chassis. For enthusiasts the Carrera S is the most sought-after narrow-body evolution, combining the practical usability of a Carrera with the visual presence of a Turbo. Total 993 production ran to roughly 67,000 cars from 1994 to 1998.
The 993 Targa broke with the traditional Targa bar that had been part of the 911 since 1967. The new system was a sliding glass roof that retracted under the rear section when opened, preserving the coupé silhouette. The Targa was produced in very limited numbers (around 4,500 examples) and is increasingly valued by collectors for its unique place within the 911 lineage. The Targa shares the 3.6-litre Carrera engine and is mechanically identical to the Carrera.
The 993 Turbo was unveiled in 1995 and was the first 911 Turbo with twin-turbo chargers and permanent four-wheel drive. The engine produced 408 hp from 3.6 litres (internal code M64/60), the standard gearbox was a manual six-speed, and top speed was 290 km/h. The Turbo S (1997-1998) brought 450 hp through larger turbos and revised intake, plus more extensive carbon packs and a factory-installed Aerokit. Production ran to around 5,978 regular Turbos and 345 Turbo S examples, making a concours Turbo S a genuine collector 911.
The 993 GT2 (1995-1998) was the first 911 GT2: a lightweight, rear-wheel-drive twin-turbo derived from the Turbo for the homologation of GT race cars. Only 57 GT2s were built for the road, plus additional race specifications. The GT2 initially produced 430 hp, later raised to 450 hp. A 993 GT2 in original condition is among the most expensive 993s ever produced. The 993 RS (1995, around 1,014 built) was the weight-saving RS variant with a 3.8-litre engine (300 hp), sharpened chassis, and stripped specification. For collectors the 993 RS Clubsport is the most sought-after sub-variant.
The 993 has seen a steadily rising value curve since 2014. Carrera examples in good condition with proven matching numbers and complete service history sit comfortably in the hundred-thousand-euro class. Carrera S and 4S specifications are structurally higher priced, while the Turbo, Turbo S, GT2, and RS operate in a separate high tier. The 993's position as the last air-cooled 911 means the value curve is robust: newer 911 generations (996, 997, 991) will never share the air-cooled status, and the 67,000-car production figure is historically modest. For sellers this means a well-documented 993 with proven service records and original specification attracts strong international interest, particularly from German, British, and American collectors.
Carrera, Carrera S (wide body), Carrera 4, Carrera 4S, Targa, Turbo, Turbo S, GT2, or RS. Each variant has its own price class and buyer pool. The wide-body specifications (S, 4S, Turbo, GT2) are structurally more strongly priced than the narrow-body Carrera.
Porsche Classic in Stuttgart supplies a Certificate of Authenticity on request based on the VIN. For 993 GT2, RS, Turbo S, and rare Carrera specifications this document is decisive for collectors.
For the 993, matching numbers (chassis and engine) is a strongly value-driving factor. Replacement engines occur and must be documented. Photos of the VIN plate and engine block numbers are essential.
The 993 requires specific knowledge for valve clearance, timing chains, and the air-cooled oil cooling system. Service at Porsche or a recognised 911 specialist is worth far more than general-garage invoices.
Early 1990s production makes rust investigation on the floors, sills, A-pillars, and wheel arches essential. Original paint (no respraying) and proven unrepaired bodywork add substantial value.
Speed Yellow, Mexico Blue, Riviera Blue, Polar Silver, and Paint-to-Sample colours are highly valued. Original 17-inch Cup or 18-inch Turbo wheels, factory sunroof (on coupé), and leather interior drive price.
Note: These factors may influence buyer interest. Value depends on many factors.
Send the VIN to Porsche Classic in Stuttgart or via a Porsche dealer. The document confirms original specification, colour, options, and factory-installed accessories. Lead time is a few weeks; for collector 993s this document is decisive.
All invoices from a Porsche dealer or recognised 911 specialist, valve clearance adjustments, timing chains, oil pressure pump, and cooling system work. General-garage invoices carry significantly less weight.
Take clear photos of the VIN plate (on the A-pillar under the windscreen) and engine block number. For the 993 GT2, RS, and Turbo S a Porsche Classic confirmation of matching numbers is essentially mandatory for top valuation.
Photos of the floor pans, sills, A-pillars, wheel arches, and panels. Proof of original paint (no respraying) is considerably more valuable than a restored example. Note any panel replacement in detail.
Paint colour with factory code, original wheels (17-inch Cup II, 18-inch Turbo, Cup), any factory sunroof on coupé, leather interior, sports seats or standard seats. Original colour combination without modification drives price.
Number of previous owners, geographic distribution (German, British, American), and any period photos or club certificates. For the 993 GT2 and RS, provenance is a strong selling point.
Many 993s have received aftermarket exhausts, carbon exteriors, or engine tuning. Document all modifications clearly and keep the original parts available for refitting. Original specification is highly valued by collectors.
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