Reflections on year one with a 718 Cayman GTS 4.0 PDK.
12 months have now lapsed owning and driving my 21 plate (22 model year)718 Cayman GTS 4.0 PDK. I can tell you, the joy has not diminished one iota. Having owned six Caymans of both the flat-six and 718 turbo-four configurations since my first 2008 987.1, I have accumulated extensive experience of this “poor man’s Porsche”, as one sniffy motoring scribe wrote at the time of its launch. Never in the history of motoring journalism has such a misplaced derisory statement been proved so inept and so wrong. The Cayman has rightly established itself as the benchmark affordable mid-engined sports coupe on the market today.
All is not rosy however. Porsche AG are apparently reconsidering their position regarding the much delayed launching of the EV Boxster and Cayman range. The regrettable demise of the 718 ICE cars has served to consolidate owners’ opinions on the importance of the tactile mechanical and esoteric involvement that only a petrol powered engine combined with a mechanical gearbox can provide.
A recent browse online searching for previously owned Caymans reveals an abundant and vibrant market covering all models in the range from the 987.1 to the 718 Cayman GT4 RS. Encouragingly, all models are selling well, which surely indicates that the Porsche sports coupe market is still in favour of the petrol combustion engine for true driving enjoyment. It is not only the so called “boomer generation” who are the enthusiastic owners of Porsche sports coupes. I am pleased to read in the current edition of Porsche Post the running report of a young 23 year old owning a 718 Boxster 2.0. Good.
It is becoming increasingly clear that the vast majority of Porsche sports coupe owners, including those aspiring to do so, do not relish or enthuse the prospect of EV’s taking over our much loved niche genere. We are all aware Porsche recently introduced hybrid power to the 911 992.2 range. Whether this engineering complexity is either achievable or practicable on the new Cayman EV platform remains to be seen. One thing is very clear. The Porsche sports coupe range is not a thing to be messed with. We all love our cars, with the engines being a particularly emotive subject. The very essence of Porsche’s appeal has historically been about the engines. None more so in the 911 and its more practical sibling the Cayman. It is only recently that the Cayman was “allowed” to challenge the 911 in road and track performance. The increasingly stringent Euro emissions regulations already enforced the introduction in 2016 of the 718 4-cylinder turbos. I have great respect for the 718 4-pot turbos, they are strong performers particularly in the 2.5t GTS configuration. To return to the present, recent statistics show EV sales among the mass market suppliers are up compared to last year. For example, Volkswagen EV’s up 67%, BYD up a whopping 250%. So far, this trend has not yet been reflected in the Porsche EV sales figures. A quick look at the Taycan new car sales and subsequent depressing residual values tells a very different story. The EV Macan also has a long way to go before outselling the ICE versions.
All of this must be good news for we Cayman and Boxster owners. Porsche new car prices have risen exponentially year upon year, which has had a corresponding effect on used car residuals. This is particularly apparent regarding the six-cylinder models. The 718 4.0 Caymans and Boxsters are both holding strong residuals as are the GT4 4.0 models. Only recently I heard from two separate OPC’s sales staff that the 4.0 Caymans and Boxsters used values may even increase in the short term. All will depend on the decisions made by Porsche regarding the rumoured reprieve of petrol engined “top end” versions of the 718 replacement. We can all but hope good sense prevails.
That concludes my personal reflections on this first year with a supremely wonderful car, and including my thoughts for the future of Porsche ownership as we have come to love it. My touring exploits will continue to be reported with photos, as when circumstances allow. Meantime enjoy your Porsches while we can still savour the joys of mechanical power. I can only wish that Porsche AG are listening.
Brian