1979-'82 Porsche 924 Turbo - Hemmings
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Porsche built its legend on air-cooled, rear-engine sports cars whose handling demanded skill and respect. When, in 1976, this German automaker revealed its water-cooled, front-engine 924--an entry-level model that started life as a project developed for Volkswagen, using an Audi-built engine--it got very little professional respect. While the 924 sold well, it wasn't until the Turbo appeared in late 1979 that many considered it a "proper" Porsche. While it's long been plagued with poor resale value and an undeserved temperamental reputation, the 924 Turbo is now genuinely prized.

The 924 Turbo bore the internal model code "931," showing its close relation to Porsche's first road-going turbo model, the 930, AKA 911 Turbo, and yet this car owed much of its character to the other "unorthodox" Porsche, the V-8-powered 928. Like the 928, the 924 Turbo was a proper grand touring sports car, one that combined perfectly balanced (courtesy of its rear-mounted transaxle), vice-free handling with roomy accommodations (2+2 seating and a hatch for luggage) and German efficiency (aerodynamic design).

Roughly 13,600 examples of the 924 Turbo were built. 1979-1980 models are considered Series 1s, and used the Porsche-designed, 911-based G31 five-speed transmission, which placed first gear in a dogleg (to the left and down) position outside of the H gate. Also specific to series 1 924 Turbos were the 143hp, 1,984cc four-cylinder's lower (7.5) compression and vacuum/digital ignition system. Series 2, 156hp Turbos from 1981 and 1982 used an Audi-designed five-speed manual with a conventional shift pattern, as well as 8.0-compression and fully digital ignition.

Art Mason, 924 collector and owner of our feature 1980 924 Turbo, says, "The things that really hurt [Turbos] were depreciation and maintenance issues. They depreciated quickly, and then fell into the hands of people who shouldn't have them. They weren't maintained correctly, because those second and third owners wanted a Porsche on the cheap and didn't realize that these cars require every bit as much maintenance as any other turbo Porsche. The depreciation and maintenance became a self-perpetuating spin down the drain. Many of them ended up in junkyards; it's a shame because when you've got one that runs right--man, are they fun."

Bob Dodd, 924 advocate for the Porsche Club of America and co-founder of 924.org--considered the 924 fan's #1 resource--contemplates the 924 Turbo's legacy: "For aficionados of the 924, the Turbo was the pinnacle. The 944 stole its thunder because of its Porsche-built 2.5-liter engine and new body styling, but 924 Turbos are sought after--especially good examples, which are hard to find. Values haven't gone up dramatically, but the number of people wanting to acquire them has increased. The series 2 cars offer more reliability, an improved turbo, better brakes and other features, which make them more highly sought, and any non-sunroof car is more collectible because it's stronger, if people want to autocross or race."

"Nice 924 Turbos are changing hands now for $7,000-$8,000," Art notes. "You can get one that needs work but runs for $2,500-$3,500. Really nice ones are bringing closer to $10,000. You may buy one for $4,000 and have to sink $5,000 into it. There don't seem to be many 'average' 924 Turbos out there--they're either tired, beaten-up ones that you pay almost nothing for, or one of the few concours examples that are one or two standard deviations above the mean."

Value Trend

1985: $9,500

1990: $4,500

1995: $4,000

2000: $3,500

2005: $4,000

2013: $7,500

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