Chassis 964

Porsche 911 Carrera 4 Cabriolet

1989 to 1994 · Convertible

A 1989 Porsche 911 Carrera 4 Cabriolet cost $75,150 new. Over the past 12 months, 9 have sold publicly at a median of $55,000. The Shifty Estimate for a well-kept example is $55,600. Across the sales we have on file, prices ran from $39,000 to $91,840, depending on mileage, color, and history.

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Shifty Estimate

$55,600

High confidence · $46K to $76K

16.8% over 12 months

Median · 12 mo: $55,000
Sales · 12 mo: 9
Original MSRP: $75,150Down 26% since new

Collectible

1989 Porsche 911 Carrera 4 Cabriolet, sold Oct 2026

Sold$46,000 · Bring a Trailer · Oct 2026

The market

Every recorded 1989 Porsche 911 Carrera 4 Cabriolet sale, by date and price

Oct 2026 · Bring a Trailer

$46,000 · 97,000 mi · Guards Red

See this car

Sold Bid to, not sold

22 sales · 13 unsoldmedian $55kupdated Oct 2026

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Latest results

The newest 1989 Porsche 911 Carrera 4 Cabriolet sales with photographs

Sold $55,000

1990 · Guards Red · 74,000 mi

Oct 17, 2026 · Bring a Trailer

1989 Porsche 911 Carrera 4 Cabriolet, sold Jul 2026

Sold $56,964

1990 · Guards Red (80K) · 91,000 mi

Jul 27, 2026 · Bring a Trailer

Sold $46,250

1990 · Baltic Blue Metallic · 172,000 mi

Jul 24, 2026 · Bring a Trailer

Sold $56,000

1991 · Guards Red · 66,000 mi

Jul 23, 2026 · Bring a Trailer

1989 Porsche 911 Carrera 4 Cabriolet, sold Jun 2026

Sold $71,000

1990 · Marine Blue Metallic · 47,573 mi

Jun 10, 2026 · PCARMARKET

1989 Porsche 911 Carrera 4 Cabriolet, sold Apr 2026

Sold $63,000

1990 · Black (700) · 83,000 mi

Apr 17, 2026 · Bring a Trailer

Every 964

Sold prices, last 12 months · Oct 30, 2026

Every 964. Sold prices, last 12 months · Oct 30, 2026
	Carrera 4 Cabriolet1989 to 1994	Carrera RS1992 to 1993	Carrera 21990 to 1994	Carrera 2 Cabriolet1990 to 1994	Carrera 2 Classic Study1989 to 1994	Carrera 2 Targa1989 to 1994	Carrera 41989 to 1993	Carrera 4 Classic Study1989 to 1994	Carrera 4 DLS1989 to 1994	Carrera 4 Targa1989 to 1994	Carrera 4 Targa Study1989 to 1994	Turbo 3.61993 to 1994	Turbo S1992 to 1993	Turbo1991 to 1993	RS America1993 to 1994	America Roadster1992 to 1993	Widebody 5-Speed1989 to 1993	Carrera Cup1990 to 1993
Shifty Estimate	$55,600	$369,200	$130,000	$75,100	Not enough sales yet	$99,800	$118,200	Not enough sales yet	$2,800,000Low confidence	$105,000	$95,000Low confidence	$710,600	$305,000Low confidence	$326,700	$215,300	$107,000	$212,100	$159,600Low confidence
Sold median	$55,0009 sales	$276,30413 sales	$123,00035 sales	$80,73222 sales	Too few sales to call2 sales	$85,0007 sales	$111,05638 sales	Too few sales to call1 sale	Too few sales to call1 sale	Too few sales to call1 sale	Too few sales to call1 sale	$654,5018 sales	No sale	$270,00027 sales	$197,0004 sales	$110,0003 sales	$201,9645 sales	Too few sales to call2 sales
12-month move	Down 16.8%	Too few sales to call	Up 27.4%	Up 23.8%	Too few sales to call	Down 10.1%	Up 12.7%	Too few sales to call	Too few sales to call	Too few sales to call	Too few sales to call	Up 69.6%	Too few sales to call	Up 8.6%	Too few sales to call	Too few sales to call	Too few sales to call	Too few sales to call
For sale	None	None	None	None	None	None	26	11	None	8	2	None	None	4	2	11	None	7

Other 911 generations

Also on file, with no sale or listing yet: Carrera 2 Targa Study, Turbo Cabriolet, RSR.

Specifications

Engine: Flat-6, 3.6L
Power: 247 hp
Torque: 228 lb-ft
0 to 60: 5.7 s
Top speed: 162 mph
Transmission: Manual
Drivetrain: AWD
Original MSRP: $75,150

Common questions

How much does a Porsche 911 Carrera 4 Cabriolet cost?

What is a 1989 Porsche 911 Carrera 4 Cabriolet worth today?

The Shifty Estimate is $55,600, down 16.8% over the past 12 months. Confidence is high: 9 public sales in a year gives a firm read.

Is a Porsche 911 Carrera 4 Cabriolet a good investment?

It has depreciated 26% against its $75,150 list price. Values are down 16.8% over the past 12 months. The caution is spread, not direction: across the sales we have on file, prices ran from $39,000 to $91,840, and mileage explains most of that.

How many Porsche 911 Carrera 4 Cabriolet have sold?

Shifty has 23 public sales of the Porsche 911 Carrera 4 Cabriolet on file. The earliest was on Aug 15, 2023.

What is the most expensive Porsche 911 Carrera 4 Cabriolet sold?

The highest public sale on file is $91,840.

What has a Porsche 911 Carrera 4 Cabriolet sold for at auction?

The 3 most recent public sales we have on file:

$46,000Oct 24, 2026Guards Red · 97,000 mi
$55,000Oct 17, 2026Guards Red · 74,000 mi
$50,029Aug 13, 2026Black (700) · 110,000 mi

About the 1989 Porsche 911 Carrera 4 Cabriolet

The 964-generation Carrera 4 Cabriolet marked Porsche's bold leap into all-wheel-drive territory, debuting sophisticated Tiptronic transmission alongside the traditional manual. Built from 1989-1994, this convertible combined the 911's iconic silhouette with advanced AWD technology borrowed from the 959 supercar program. The 3.6-liter flat-six produced 250 horsepower, while the intelligent AWD system delivered newfound confidence in challenging conditions. Production totaled just 13,353 units globally, making it significantly rarer than its rear-drive siblings. Today's collectors appreciate the 964 Cabriolet's transitional significance, the last of the classic 911 proportions before the 993's evolutionary styling changes. Values have climbed steadily as enthusiasts recognize its unique position bridging air-cooled tradition with modern engineering. The combination of open-air driving, all-weather capability, and that unmistakable flat-six soundtrack creates an compelling ownership proposition for serious Porsche collectors.