Just to add a data point here, I think I have the same "clunk" that OP described. Mine happens at low speeds on bumpy driveways/uneven roads. In researching the cause before, the rear trailing arms seemed to be the culprit. It never annoyed me enough to fix it though....
I am not sure which side would cause the noise on the trailing arm, but I'm sure its from one of the bushings thats built into the arm.
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2001 Base 2.7l, 5-speed (124k) - LN IMS kit
- TopSpeedAuto exhaust (headers/mid/muffler)
- 997 Carrera III wheels w/ECS spacers 18x8 +15mm/18x10 +18mm, Eibach springs
- FunctionFirst shift knob/short shift kit
- Focal speakers/Alpine amp/Kenwood deck/Pioneer 8" subs
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