[Perfectlap]

The air cooled 911 market is not connected to Boxsters or water cooled Carreras. The latter are workhorse Porsches. Air cooled 911's are largely garage queens now, they've become too expensive to drive daily,year-round, risk totaling at a track day, etc.

If anything the new Boxster is probably raising interest in the roadster segment. But many are still leary of putting that kind of money into a fun car. Thus they're looking at the earlier Boxsters. What they're finding is that Boxsters that have been looked after well and do not have deferred repairs are becoming scarce. Owners who have put in the time and money don't have to let their cars go for nothing like did right after the financial collapse where 996 owners saw values drop nearly $20k in barely a couple of years. Boxsters weren't priced that high before the crash so they didn't fall as hard, well at least the ones you wanted to buy.

I think what you're seeing in both aircooled and watercooled Porsches is just a cyclical jump in the price action of well maintained cars. People in the income group who buy these used cars are for the most part doing better in 2014 than they were in 2009. Meanwhile these cars have racked up miles in those five years and I'm guessing very few current owners have put in the money for repairs. They've either unloaded the cars at trade in or have skipped the maintenance altogether.