Porsche 987 Cayman
The first-generation Porsche Cayman delivers a pure mid-engine sports car experience with communicative hydraulic steering. It has become a benchmark for handling and represents a significant performance value in the modern classic Porsche market.
Find one with Spotter →Porsche 987 Cayman sold for a median of $28,500 over the last 12 months, based on 63 auction sales; the middle 50% sold between $21,875 and $33,250. 433 currently for sale.
The 987 Cayman was Porsche's first-generation coupe based on the Boxster platform, introduced for the 2006 model year. It slotted in between the Boxster and the 911, offering a fixed-roof, mid-engine layout that many enthusiasts craved for its rigidity and balance. The first cars were Cayman S models with a 295 hp 3.4L flat-6, followed by the 245 hp 2.7L base model in 2007. A major update for 2009 (the 987.2) brought new DFI engines (a 2.9L and a new 3.4L) and the option of a 7-speed PDK dual-clutch transmission, replacing the Tiptronic S automatic.
Collectors appreciate the 987 for its superb handling dynamics, excellent feedback from the hydraulic power steering, and its relatively analog feel compared to newer Porsches. The 987.2 models are especially sought-after as their new engine design eliminated the intermediate shaft (IMS) bearing, a known weak point in the earlier M97 engines. The Cayman's practical hatchback layout and accessible performance make it a usable modern classic that punches well above its price point.
With an average sale price around $25,000, the 987 Cayman market is well-established as a performance bargain. Prices have largely bottomed out and are now stable, with clean, low-mileage 987.2 examples showing signs of appreciation. While high-mileage early cars can be found for less, the top of the market is defined by low-mileage S models and the limited-production Cayman R, which command significant premiums.
Buying Tips
- Check for bore scoring on 987.1 S models (3.4L), identified by a ticking noise and oil consumption. The 987.2 cars (2009-2012) have a different engine design that isn't prone to this or IMS bearing failure.
- Service records are critical. Look for documentation of regular oil changes and major service items like water pumps, AOS (air-oil separator), and clutch replacements on manual cars.
- The PDK transmission in 987.2 models is a major improvement over the earlier Tiptronic S automatic. Test both to see which you prefer, but be aware the PDK is more desirable.
- Inspect common interior wear items like sagging headliners, peeling soft-touch plastic on buttons and the center console, and worn seat bolsters.
- Pre-purchase inspections are essential to check for suspension wear, leaks, and any signs of accident damage. Control arms and shocks can be costly to replace.
Prices for the Porsche Cayman 987 range from under $20,000 for driver-quality examples to over $60,000 for low-mileage Cayman S and limited edition models.
1,251 Porsche 987 Cayman vehicles have been tracked across auctions and listings on Hypercars, with 433 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 987 Cayman cost?
Over the last 12 months, Porsche 987 Cayman sold for a median of $28,500 across 63 auction sales tracked on Hypercars; the middle 50% sold between $21,875 and $33,250. There are 433 currently for sale.
How many Porsche 987 Cayman listings are for sale right now?
There are 433 Porsche 987 Cayman listings currently live across auctions, dealers, and marketplaces tracked by Hypercars.