MARKET ANALYSIS
Carrera 4 (1989 to 1994)

The 964-generation Carrera 4 represented a monumental leap for the 911 when it debuted in 1989, introducing an advanced all-wheel-drive system derived from the 959 supercar. This "all-paw" variant was the first production 911 to move away from the traditional torsion bar setup in favour of coil springs and MacPherson struts, significantly taming the car's notorious handling quirks while adding modern essentials like ABS and power steering. While worldwide production reached 20,395 units across various body styles, the Australian market has always shown a distinct preference for these high-tech variants, even with their original $20,000 price premium over the rear-wheel-drive models. Today, the buyer pool for 964s in Australia is divided between purists seeking an analog driving experience and a growing segment of collectors who view the Carrera 4 as the ultimate usable classic for local conditions. Genuine Australian-delivered examples are exceptionally scarce and command massive desirability, often outperforming the broader market as blue-chip assets that provide the perfect foundation for either a concourse restoration or a high-end restomod. This combination of historical importance as the first AWD 911 and its refined, air-cooled character ensures the Carrera 4 remains a dominant force in the domestic prestige market.
The 964-generation Carrera 4 represented a monumental leap for the 911 when it debuted in 1989, introducing an advanced all-wheel-drive system derived from the 959 supercar. This "all-paw" variant was the first production 911 to move away from the traditional torsion bar setup in favour of coil springs and MacPherson struts, significantly taming the car's notorious handling quirks while adding modern essentials like ABS and power steering. While worldwide production reached 20,395 units across vā¦
Model years for Porsche 911 (1989 to 1994)

1990 Porsche 911 (964) Carrera 4 Cabriolet
210,437 km ⢠Automatic
š¦šŗKallista, Victoria
SOLD
$105,000
Auction
Aug 29, 2021
1990 Porsche 911 (964) Carrera 4
102,210 km ⢠Manual ⢠RHD
š¦šŗBrisbane, QLD
SOLD
$180,000
Auction
Dec 17, 2025
1990 Porsche 911 (964) Carrera 4 - Manual
111,108 km ⢠Manual
š¦šŗMelbourne, VIC
SOLD
$173,000
Auction
Sep 13, 2023
1989 Porsche 911 (964) Carrera 4 - RS Tribute
87,974 km ⢠Manual ⢠RHD
š¦šŗMount Claremont, WA
SOLD
$144,000
Auction
Apr 07, 2025
1991 Porsche 911 (964) Carrera 4 Targa
221,313 km ⢠Manual ⢠RHD
š¦šŗPerth
SOLD
$109,000
Auction
May 28, 2025