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As any enthusiast browsing Facebook Marketplace would already know, used Porsche 911s are no longer a bargain at any stage of their life cycle. The 911 platform’s huge popularity has pushed values higher across the range, from early air-cooled cars to even the most affordable 996 models with their distinctive egg-shaped headlamps. A new study now indicates that newer examples have not escaped the trend either; in fact, it says the average price of a three-year-old 911 has climbed by almost $100,000 between 2019 and 2026.

The study, released by iSeeCars on Tuesday, examined the sale of more than 10 million used cars sold since 2019 in order to track how prices across the market have shifted since the COVID-19 pandemic of 2020. It points to a sharp rise overall—an average increase of $9000 for all three-year-old used cars—but no vehicle in the report recorded a larger jump in total transaction price than Porsche’s flagship sports car.

Although the increase is dramatic, it cannot necessarily be pinned on a single reason. One part of the story is the average starting price of a 911 itself. A 2016 Porsche 911, which would have been three years old in 2019, belonged to the 991 generation, a model line whose base price started at under $85,000. By comparison, the current starting price of a 992.2-generation Carrera is above $135,000.

Even so, that $50,000 gap does not fully explain the change. According to iSeeCars, the average transaction price for a three-year-old 911 now stands at $230,273. That is not only nearly $100,00 higher than the 2019 average transaction figure of $132,369, but also well above the starting price of a brand-new 911 Carrera bought straight from the showroom.

Beyond the rising list price of a new 911, the average specification of used 911s may also have shifted over that period. The growing popularity of versions such as the GT3, Turbo, and even more collectible limited-run derivatives including the 911 Sport Classic, Dakar, and S/T has added several models to the market that can be exponentially more valuable than standard 911 variants. The desirability of these halo models may also be lifting the prices of more basic versions by increasing interest in the 911 range as a whole.

While Porsche’s rear-engined flagship has posted the biggest increase, plenty of other enthusiast-focused vehicles have experienced a similar rise. A three-year-old used Mercedes-Benz G-Wagen is now said to cost $172,781, representing a 73 percent jump from its 2019 average transaction price of $99,967. Porsche Cayenne prices are up 76 percent, while used BMW M3 values have risen 63 percent as well.

Some less performance-oriented cars have also seen strong gains in value, including the Mercedes E-Class at 68 percent, the Acura TLX at 67 percent, and the more mainstream BMW 3-Series at 60 percent. In fact, across the market, the cost of stepping into a lightly used luxury car has risen substantially in just seven years.