Porsche 992 Targa 4 & 4S

The 992 Targa 4 and 4S debuted for the 2021 model year, continuing a legacy that started in 1967. Unlike the 993, 996, and 997 generations that used a large sliding glass roof system, the 991 and 992 Targas returned to the classic formula with a signature roll hoop and a removable fabric roof panel. The 992's party trick is its fully automated, 19-second roof mechanism that elegantly stows the top behind the rear seats, offering an experience that blends the security of a coupe with the open air of a convertible.

Collectors and enthusiasts prize the Targa for its distinctive style and relative rarity compared to the Carrera and Turbo models. The standard all-wheel drive on both the 379 hp Targa 4 and 443 hp Targa 4S provides all-weather capability, while the availability of a 7-speed manual transmission on the 4S makes it especially desirable for purists. Its combination of unique aesthetics, modern performance, and daily usability makes it a standout in the 911 lineup.

The market for the 992 Targa is very strong, with demand consistently outstripping supply. New allocations from dealers often have long waitlists, leading to a vibrant secondary market where low-mileage examples frequently trade for significant premiums over their original sticker price. Values are heavily influenced by options like the manual transmission, Sport Chrono Package, and Porsche Carbon Ceramic Brakes (PCCB).

Prices for low-mileage examples often start around $180,000 and can exceed $250,000 for highly-optioned 4S models.