Porsche Panamera 2nd Gen Market Index2017-2024

About the Porsche Panamera 2nd Gen

The second-generation Porsche Panamera, manufactured globally from 2017 until 2024 (internally designated as the 971), transformed the model's polarising looks into a sleek, 911-inspired masterpiece. Built on the advanced MSB platform, it introduced the versatile Sport Turismo wagon and a sophisticated range of twin-turbo V6 and V8 engines, all paired with a lightning-fast 8-speed PDK transmission. In the 2026 Australian market, the 971 remains a definitive underdog to its competitors, as local luxury buyers consistently overlook it in favour of the more practical Cayenne or the futuristic Taycan, resulting in a niche but dedicated buyer pool of driving purists and high-end executives. This underdog status has made the 971's desirability quite specific; while it doesn't boast the sales volume of a Mercedes-Benz S-Class or BMW 8 Series, it offers a level of mid-engined-style agility that its more popular rivals simply can't match. Despite being a "slow burner" in the showroom, well-maintained Australian-delivered examples—particularly the updated 971.2 facelift models (2021–2024)—hold their market value remarkably well, as collectors prize them for being the last purely internal-combustion-focused Panameras before the nameplate's heavy shift toward the digital-first 972 generation.