Summary

• With 204 currently listed for sale and an average price of $25,490.00, 34.8% of 2016 Porsche Panameras for sale on CarGurus are rated as good or great deals.

• Favorably reviewed: Owners rated the 2016 Porsche Panamera 5 / 5 stars.

• 77.9% of 2016 Panamera models on CarGurus are accident free.

Why it stands out

The 2016 Porsche Panamera stands out because it marked the arrival of the second-generation car, which was described as sleeker and sportier while keeping much of the practicality of the original. It looked more coupe-like and better resolved, yet still offered generous passenger space, a more minimalist and modern interior, and large infotainment/display screens. Porsche also broadened the appeal with a range of new turbo and twin-turbo engines and updated hybrid powertrains, so the car continued to blend luxury with serious performance.

What makes the 2016 Panamera especially appealing is that it kept the brand’s performance character while becoming easier to live with. The lineup included six-cylinder and eight-cylinder models, all with an eight-speed PDK dual-clutch automatic transmission, and every version except the entry model used all-wheel drive. The car also retained the Panamera’s practical side, with the second-generation body preserving the generous cabin and adding to the sense that this was a family-friendly Porsche rather than just a fast sedan.

There are still a few tradeoffs. The Panamera’s strengths come with a premium price, and while the second-generation design was much better received than the first, it was still a large, luxury-focused performance car rather than a simple sports sedan. Even so, for buyers who want a used Porsche that combines speed, refinement, and everyday usability, the 2016 Panamera is distinctive for how successfully it balances those traits.

Other model years to consider

• 2017 Porsche Panamera

  • Average price: $40,497.00
  • Good/great deal percentage: 30.5%
  • User rating: 5 / 5
  • Total listings: 328

• 2019 Porsche Panamera

  • Average price: $52,499.00
  • Good/great deal percentage: 27.7%
  • User rating: 5 / 5
  • Total listings: 332

• 2022 Porsche Panamera

  • Average price: $72,942.00
  • Good/great deal percentage: 30.1%
  • Total listings: 346

This analysis is based on CarGurus' proprietary market data from August 10, 2026, CarGurus experts' opinions, and generative AI.