The 987 Cayman S arrived in 2005 as a fixed-roof coupe based on the second-generation Boxster. Its mid-engine layout and stiffer chassis delivered handling that many critics felt surpassed the contemporary 911 Carrera. The Cayman S originally used a 3.4-liter M97 flat-6 producing 295 horsepower, which was upgraded in 2009 to a more reliable 3.4-liter 9A1 direct-injection engine with 320 horsepower.
Collectors appreciate the 987 for its direct connection to the road, a result of its compact size, light weight, and hydraulic power steering. As Porsche has moved to larger, turbocharged, and electrically assisted platforms, the analog feel of the 987 has become increasingly sought-after. It represents a sweet spot of modern performance and classic sports car feedback that is difficult to find in newer vehicles.
With over 530 sales tracked, the market for the 987 Cayman S is well-established, with an average price of around $31,000. Manual transmission cars, especially the later 2009-2012 models with the improved 9A1 engine, command a premium. While prices have been relatively flat for years, clean, low-mileage examples are now showing signs of appreciation.
Buying Tips
- For 2006-2008 models with the M97 engine, check for evidence of an IMS bearing replacement. If not done, budget for this preventative fix.
- Bore scoring can affect M97 engines. A pre-purchase inspection with a borescope is highly recommended, especially for cars from cold climates.
- Later 2009-2012 cars feature the more durable 9A1 DFI engine, which eliminates the IMS bearing. These are generally a safer bet.
- Sagging headliners are a very common issue and can be expensive to replace correctly. Also check for peeling soft-touch paint on the center console and climate controls.
- Check the front radiators for debris and corrosion. The open grilles collect leaves and dirt, which can trap moisture and cause the A/C condensers and radiators to fail.
Prices for the 987 Cayman S range from $8,200 for project cars to over $73,000 for exceptional, low-mileage examples.
2,178 Porsche 987 Cayman S vehicles have been tracked across auctions and listings on Hypercars, with 514 currently live. Sold prices range from $500 to $1,234,567.
Data sourced from Bring a Trailer, Cars & Bids, eBay Motors, PCarMarket, and Collecting Cars. Updated daily.
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