904 Carrera GTS

The body became structure

Porsche bonded a glass-fibre body to a steel box frame and placed the engine behind the seats. The 904/4 gave owners a five-speed, four-cam car they could drive to a race. Porsche built 106 four-cylinder examples.

Market value · road

$1.8M$2.8M

Typical $2.3M · 7 sales · +63% vs ’20–’22

$723K$3.0M
Open Market & Price

Market value · road

$1.8M$2.8M

Typical $2.3M · 7 sales · +63% vs ’20–’22

$723K$3.0M
’13’25
Market history · in the terminal
Open Market & Price
Power
185 PS (2.0L four-cam flat-four)
Top speed
~260 km/h (ratio and body dependent)
Weight
~655 kg (period specification)
Transmission
5-speed (manual · limited-slip differential)
Body
Glass-fibre (bonded to steel frame)
Production
106 (four-cylinder cars)

Market & Price

The price and the proof

A terminal for one car: the model curve over the documented record, the benchmarks it is measured against, and the instruments that read it.

Records: 16 documented road sales on file · 2013–2025; estimate band $1.8M–$2.8M · good road cars. recorded sale prices · mixed hammer and premium-inclusive basis.

HCN:904CARRELive model
$2'300'0002.5% · 12M
$1M$2M$5M20182020202220242026CovidRate shockS&P 500
Model curve · anchored to 16 documented salesnot investment advice
The readouts · model figures against the benchmarks16 documented anchors · last sale 16 mo ago

Compound annual growth

WindowThis car*S&P 500Gold
1Y+2.5%+18.8%+21.9%
5Y+14.8%+11.4%+17.6%
10Y+0.7%+13.3%+11.8%

*Modeled price CAGR · S&P is a price index, no dividends

Deepest drawdown · model window

This car*-67.4%Jan 2017Jun 2020 · recovered Jun 2023
S&P 500-20.3%Dec 2021Oct 2022 · recovered Dec 2023
Gold-38.4%Oct 2012Dec 2015 · recovered Jul 2020

Forecast ladder · model quantiles

HorizonP10P50P90
+6M$1.9M$2.3M$2.8M
+12M$1.8M$2.4M$3.1M
+24M$1.7M$2.4M$3.6M

Median path with the 10th and 90th percentile · not investment advice

Transaction ledger · documented sales

16 of 16 recorded sales · shown in USD · recorded currency in each record

Price range · road · openConfidence · lowPublic sales are infrequent and chassis histories differ sharply. Two 2017 results span $1.54 million to $2.31 million; later no-sale estimates do not establish transactions.

Floor

$1.8M

Typical

$2.3M

Ceiling

$2.8M

Estimate band for good road cars. 7 documented sales since 2019 plotted below.

$708K$1.8M$2.3M$2.8M$3.0M
Hover the spectrum to read a value, or a dot for the sale behind it.

Band and axis shown in USD. Sale positions use indicative fixed-rate conversion to USD; sale readouts retain recorded currencies. Estimate for authentic four-cylinder cars with traceable identity. Works history, original engine and body material, restoration scope and event eligibility can move a car outside the band.

The wider market · Porsche at auction · median per year · modeled between anchors1,973 lots · 2003–2026 · exact yearly anchors · modeled line

Instrument calibration for this file is in progress — the terminal above reads the documented record directly.

Ledger excludes estimates, no-sales and works six- or eight-cylinder cars. Published USD totals are recorded without adjustment.

Overview

A new construction method for the post-356 racer.

Ferdinand Alexander Porsche designed the low body around a mid-engine package and a frontal area of only 1.4 square metres. Heinkel helped manufacture the glass-fibre shells, which Porsche bonded to pressed-steel frames.

The 904 opened its 1964 Le Mans record with four cars at the head of the two-litre class. At the Targa Florio, Antonio Pucci and Colin Davis won overall in a four-cylinder 904, while Porsche also used six- and eight-cylinder works versions to develop the next generation of prototypes.

Engine
Type 587/3 flat-four
Power
185 PS
Built
106 four-cylinder
Designer
F. A. Porsche
Homologation
FIA GT

Reference

Technical specifications

Powertrain

Engine
Type 587/3 air-cooled flat-four1'966 cc, four overhead camshafts
Output
185 PS at 7'200 rpmperiod competition specification varied by engine and tune
Carburettors
Twin Weber 46 IDM
Transmission
5-speed manualZF limited-slip differential
Layout
Longitudinal mid-engine, rear-wheel drive

Structure and running gear

Frame
Pressed-steel box section
Body
Glass-fibre-reinforced plasticbonded to the frame as a torsionally stiff unit
Suspension
Independent wishbones with coil-over dampers
Brakes
Four-wheel discs
Frontal area
1.4 m²Porsche factory figure

HICON BID

Buying interest, silently.

A HICON Bid is a confidential expression of buying interest on the Porsche 904 Carrera GTS file — never public, never shown to other members. It is not a binding purchase, and HICONIUM holds no funds.

Sign in

HICON Bids are a member instrument. Sign in to place one.

The vault

Open a file on yours.

You keep one? The record starts in your garage — identity, papers, photography, and the market evidence this file already carries, bound to your chassis.

The variants

One badge, 3 executions

The register separates the 904 Carrera GTS into its documented executions. One reference silhouette per execution — each opens as its own file as the archive fills.

Porsche 904 Carrera GTS Carrera GTS — reference silhouetteCarrera GTS01
Reference in preparation904/602
Reference in preparation904/8 Bergspyder03

3 executions on file · references drawn to the house standard

The cars

The 904 Carrera GTS register

Documented individual cars — chassis, colour, ownership and sale history. Open one for its full provenance. Public records only; members see the complete registry.

07 documented · public records

The hands

The people behind the car

The people whose work shaped the Porsche 904 Carrera GTS.

Ferdinand Alexander Porsche

Designer

Designed the 904's compact glass-fibre coupé body around its mid-engine package.

No free period portrait on record

Ernst Fuhrmann

Four-cam engine architect

His Type 547 four-cam concept reached its final customer-racing development in the 904's Type 587/3 engine.