Porsche 992 Targa 4 & 4S
The Porsche 992 Targa combines a classic profile with modern technology, featuring a stunning automated roof and standard all-wheel drive. High demand and limited availability mean these cars consistently trade at a premium over their original MSRP.
Find one with Spotter →Porsche 992 Targa 4 & 4S sold for a median of $173,321 over the last 12 months, based on 25 auction sales; the middle 50% sold between $158,000 and $204,000. 407 currently for sale.
Listings
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).
Buying Tips
- The Targa roof is a complex piece of engineering. Operate it multiple times to ensure it works smoothly and without any unusual noises.
- Highly optioned cars command higher prices. Key value-adds include the Sport Chrono Package, front-axle lift system, Burmester sound system, and a manual transmission on the 4S.
- Check for Porsche-approved (N-rated) tires and inspect for signs of excessive track use, such as heavy wear on the outer shoulder of the tires or rubber debris in the wheel wells.
- A complete service history from a Porsche dealer is essential, even on a low-mileage car, as are records for any warranty work performed.
Prices for low-mileage examples often start around $180,000 and can exceed $250,000 for highly-optioned 4S models.
1,007 Porsche 992 Targa 4 & 4S vehicles have been tracked across auctions and listings on Hypercars, with 407 currently live.
Data sourced from Bring a Trailer, Cars & Bids, eBay Motors, PCarMarket, and Collecting Cars. Updated daily.
Frequently Asked Questions
How much does a Porsche 992 Targa 4 & 4S cost?
Over the last 12 months, Porsche 992 Targa 4 & 4S sold for a median of $173,321 across 25 auction sales tracked on Hypercars; the middle 50% sold between $158,000 and $204,000. There are 407 currently for sale.
How many Porsche 992 Targa 4 & 4S listings are for sale right now?
There are 407 Porsche 992 Targa 4 & 4S listings currently live across auctions, dealers, and marketplaces tracked by Hypercars.