2023 Porsche Panamera Review, Pricing, and Specs (2024)

Starting at $93,850

7.5/10

C/D RATING

Specs

Photos

2023 Porsche Panamera Review, Pricing, and Specs (1)

Porsche

7.5/10 C/D RATING

Specs

Photos

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  • Highs One fun family car, loads of performance, plenty of people room and cargo capacity.
  • Lows Options easily move the price tag into the stratosphere, fussy interior controls, hybrid model’s braking system could use refinement.
  • Verdict The Panamera is the Porsche 911 for people with kids who refuse to cave and buy a Cayenne SUV.
By Austin Irwin and Drew Dorian

Overview

The Panamera breaks from many long-time Porsche traditions. It’s got its engine in the front rather than in the middle or the rear. It caters to families who have outgrown the narrow comforts of the two-door 911. While the Panamera offers two more seats, more legroom and additional cargo space it’s still a joyful ride that can deliver a driving experience worthy of repeating. Power comes from a standard 325-hp turbocharged V-6; rear-wheel drive is standard but four-tire fire is optional. For more power, the Panamera 4S AWD model unlocks the 440-hp twin-turbo V-6, but life really speeds up in the 473-hp twin-turbo V-8 in Panamera GTS. Even the base Panamera exhibits sports-car-like handling, with decisive steering and incredible grip that together deliver raw driving pleasure—something the bigger sedans from Audi, BMW, and Mercedes-Benz lack. For a smidge of additional cargo space, the Panamera Sport Turismo, reviewed separately, has a more suitcase-friendly rear shape. If you prefer your wagon tied to up to 689 ponies, the Panamera Turbo, also reviewed separately, might have the right herd for you.

What's New for 2023?

Porsche doesn’t make any significant changes to the Panamera for 2023. While it’s been left largely unchanged since its refresh in 2021, this year the biggest update is standard adaptive cruise control across all trim levels.

Pricing and Which One to Buy

The price of the 2023 Porsche Panamera starts at $93,850 and goes up to $136,650 depending on the trim and options.

    Porsche offers the Panamera in such a wide range of models and prices, your budget and needs should dictate which is best for you. There isn't a dud in the pack, including the base model, which churns out 325 horsepower and starts just under $100,000. We're also huge fans of the Executive models, which feature a longer wheelbase and offer considerably more rear-seat legroom than the standard body. For our part, we feel the Panamera 4S strikes the best balance between performance and value, with its 440-hp twin-turbo 2.9-liter V-6 and standard all-wheel-drive system. Porsche also offers an endless selection of options, but don't skip the adaptive air suspension, which improves the hatchback's ride and handling, or the Sport Chrono package. The latter adds a Sport Plus setting with launch control and dials up the response and performance of the Panamera's engine, transmission, and chassis.

    Engine, Transmission, and Performance

    With agile handling and a smooth ride, especially when equipped with the optional adjustable air suspension, the Panamera is a thrill to drive. It also provides the comfort and luxury expected of such an expensive four-door hatchback. Every Panamera comes with a boosted engine, but only some wear the Turbo badge. We review those models separately. The base rear-wheel-drive Panamera and all-wheel-drive Panamera 4 feature a 325-hp turbocharged 2.9-liter V-6. The base rear-drive model zips to 60 mph in a fleet 4.4 seconds. Under the hood of the considerably quicker 4S model—60 mph in 3.6 seconds—is a 440-hp twin-turbo 2.9-liter V-6. Upgrading to the GTS gives you a 473-hp twin-turbocharged 4.0-liter V-8. It's the best performing of the non-Turbo line, with a 3.2-second 60-mph time. However, its suspension sacrifices some ride quality in the name of handling. Porsche also offers plug-in Panameras, with a 455-hp powertrain in the 4 E-Hybrid and a 552-hp setup in the 4S E-Hybrid. Buyers looking for an all-electric Porsche should check out the new Taycan.

    View Photos

      Fuel Economy and Real-World MPG

      For fuel economy, the 4 E-Hybrid is the best of the Panameras, as it offers a limited all-electric driving range before needing to fire up its gasoline engine. Otherwise, the most efficient of the nonhybrid models are the base Panamera and the 4 and 4S models, all of which carry the same 18 mpg city and 24 mpg fuel economy ratings. When we get a chance to test the Panamera models on our 75-mph highway fuel-economy test route, we'll update this story with the results. For more information about the Panamera's fuel economy, visit the EPA's website.

      Interior, Comfort, and Cargo

      Porsche's Panamera boasts a driver-focused cabin that looks and feels every bit as luxurious as its steep price would have you believe. The list of standard features is long and appropriate for the class, but as with any Porsche, the options list is also extensive, seductive, and pricey. Upgrades include everything from massaging seats to leather-covered climate-control vents to a fire extinguisher. More common options include ventilated seats, soft-close doors, four-zone automatic climate control, and a power-operated rear sunshade. We especially like the sport seats with 18-way adjustability. You sit low in the Panamera, which gives this sedan-like hatchback a sports-car feel. Plus, it's spacious inside, even for tall drivers. Executive stretch models offer limo-like legroom in the back. The center console looks high tech as it's littered with touch-sensitive controls for functions such as the climate control. Unfortunately, we find this all-touch system to be fussy and difficult to use while driving, but you get used to it quickly. The Panamera also provides a good amount of storage room, with 18 cubic feet of cargo space.

      View Photos

        Infotainment and Connectivity

        Sitting in the center of the Panamera's dash is a large and attractive 12.3-inch touchscreen; unfortunately, the infotainment system isn't as easy to use as it should be. Although it has desirable features such as Apple CarPlay and Android Auto integration, navigation, and a Wi-Fi hotspot, the menus are complicated, and many of its functions could be more intuitive. As it is, the system can be distracting to operate while driving.

          Safety and Driver-Assistance Features

          Porsches have a very good reputation for safety and crash performance, and the Panamera is available with numerous driver-assistance features. Porsche now provides some of them, like lane-keeping assist, as standard equipment, but many of the tech-based driver aids (like the night-vision feature) and active safety systems require more coin. For more information about the Panamera's crash-test results, visit the National Highway Traffic Safety Administration (NHTSA) and Insurance Institute for Highway Safety (IIHS) websites. Key safety features include:

          • Available forward-collision warning and automated emergency braking
          • Available blind-spot monitoring and rear-cross-traffic alert
          • Standard adaptive cruise control

          Warranty and Maintenance Coverage

          At four years or 50,000 miles, both Porsche's limited warranty and its powertrain warranty are competitive in this class, and its 24-hour roadside-assistance program spans the same amount of time. Porsche also includes complimentary scheduled maintenance for a short period, but BMW's program is considerably longer.

          • Limited warranty covers four years or 50,000 miles
          • Powertrain warranty covers four years or 50,000 miles
          • Complimentary maintenance is covered for one year or 10,000 miles

          2023 Porsche Panamera Review, Pricing, and Specs (4)

          Specifications

          Specifications

          2021 Porsche Panamera GTS
          Vehicle Type: front-engine, all-wheel-drive, 4-passenger, 4-door hatchback

          PRICE
          Base/As Tested: $130,650/$148,800
          Options: Porsche Dynamic Chassis Control, $5010; black leather, $3480; Carmine Red paint; $3270; rear¬axle steering, $1650; Bose speakers, $1600; Lane Change Assist; $1060; Surround View camera, $920; Sport Chrono dial in Carmine Red, $420

          ENGINE
          twin-turbocharged and intercooled DOHC 32-valve V-8, aluminum block and heads, direct fuel injection
          Displacement: 244 in3, 3996 cm3
          Power: 473 hp @ 6500 rpm
          Torque: 457 lb-ft @ 1800 rpm

          TRANSMISSION

          8-speed dual-clutch automatic

          CHASSIS
          Suspension, F/R: control arms/multilink
          Brakes, F/R: 15.4-in vented, grooved disc/14.4-in vented, grooved disc
          Tires: Michelin Pilot Sport 4S
          F: 275/40R-20 (106Y) ND0
          R: 315/35R-20 (110Y) ND0

          DIMENSIONS
          Wheelbase: 116.1 in
          Length: 198.9 in
          Width: 76.3 in
          Height: 55.8 in
          Passenger Volume: 96 ft3
          Cargo Volume: 18 ft3
          Curb Weight: 4714 lb

          C/D TEST RESULTS
          60 mph: 3.2 sec
          100 mph: 8.6 sec
          1/4-Mile: 11.7 sec @ 116 mph
          130 mph: 15.3 sec
          150 mph: 22.4 sec
          Results above omit 1-ft rollout of 0.2 sec.
          Rolling Start, 5–60 mph: 4.2 sec
          Top Gear, 30–50 mph: 2.4 sec
          Top Gear, 50–70 mph: 2.9 sec
          Top Speed (mfr's claim): 186 mph
          Braking, 70–0 mph: 145 ft
          Braking, 100–0 mph: 290 ft
          Roadholding, 300-ft Skidpad: 1.02 g

          C/D FUEL ECONOMY
          Observed: 20 mpg
          75-mph Highway Driving: 30 mpg
          Highway Range: 710 mi

          EPA FUEL ECONOMY
          Combined/City/Highway: 17/15/21 mpg

          2021 Porsche Panamera 4S
          Vehicle Type: front-engine, all-wheel-drive, 5-passenger, 4-door hatchback

          PRICE
          Base/As Tested: $106,350/$128,040
          Options: Sport package, $5450; Porsche Dynamic Chassis Control Sport, $5010; 21-inch Sport Design wheels, $2980; 14-way seats, $1780; Bose surround sound, $1600; lane-change assist, $1060; ventilated front seats, $840; Mamba Green Metallic paint, $840; soft-close doors; $740; heated front and rear seats, $550; High Gloss Black window trim, $420; GT Sport steering wheel; $330; smoking package, $90

          ENGINE
          twin-turbocharged and intercooled DOHC 24-valve V-6, aluminum block and heads, direct fuel injection
          Displacement: 177 in3, 2894 cm3
          Power: 443 hp @ 6600 rpm
          Torque: 405 lb-ft @ 1900 rpm

          TRANSMISSION
          8-speed dual-clutch automatic

          CHASSIS
          Suspension, F/R: control arms/multilink
          Brakes, F/R: 14.2-in vented disc/13.0-in vented disc
          Tires: Michelin Pilot Sport 4S
          F: 275/35ZR-21 (103Y) ND0
          R: 315/30ZR-21 (105Y) ND0

          DIMENSIONS
          Wheelbase: 116.1 in
          Length: 198.8 in
          Width: 76.3 in
          Height: 56.0 in
          Passenger Volume: 96 ft3
          Cargo Volume: 18 ft3
          Curb Weight: 4543 lb

          C/D TEST RESULTS
          60 mph: 3.6 sec
          100 mph: 9.5 sec
          1/4-Mile: 12.1 sec @ 113 mph
          130 mph: 16.8 sec
          150 mph: 24.6 sec
          Results above omit 1-ft rollout of 0.2 sec.
          Rolling Start, 5–60 mph: 5.0 sec
          Top Gear, 30–50 mph: 2.9 sec
          Top Gear, 50–70 mph: 3.4 sec
          Top Speed (mfr's claim): 183 mph
          Braking, 70–0 mph: 153 ft
          Braking, 100–0 mph: 298 ft
          Roadholding, 300-ft Skidpad: 1.02 g

          C/D FUEL ECONOMY
          Observed: 16 mpg

          EPA FUEL ECONOMY
          Combined/City/Highway: 20/18/24 mpg

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          2023 Porsche Panamera Review, Pricing, and Specs (2024)

          FAQs

          How much does a 2023 Panamera cost? ›

          The Manufacturer's Suggested Retail Price (MSRP) for the 2023 Porsche Panamera starts at $93,850 for the Base base-level trim with destination fee and popular options. Prices will increase as you add options or choose a trim with more features.

          How much should I pay for a Porsche Panamera? ›

          2023 Porsche Panamera 4S: Priced at $110,900 MSRP. 2023 Porsche Panamera 4S Executive: Priced at $122,200 MSRP. 2023 Porsche Panamera 4S Sport Turismo: Priced at $117,100 MSRP. 2023 Porsche Panamera 4 E-Hybrid: Priced at $109,000 MSRP.

          Is Porsche Panamera expensive to maintain? ›

          Yes, Porsches are expensive to maintain compared to most automakers' vehicles. Estimates from RepairPal show maintaining a Porsche costs an average of about 83% more than the industry average.

          Is the Panamera a good car to buy? ›

          The Panamera is one of the most athletic luxury sedans available. It's also fairly practical thanks to its hatchback design. But there are also some downsides, such as a needlessly complicated user interface and high price.

          Is a Porsche Panamera a good everyday car? ›

          With the 2023 Porsche Panamera, you can experience a world of sporty driving while remaining practical for everyday use. Optional Rear-Axle Steering improves your daily driving at low speeds, helping you efficiently maneuver and turn. Easily tackle any road with impressive acceleration and 325 horsepower.

          What compares to a Panamera? ›

          The Panamera is, truthfully, without a direct rival. The Panamera is, truthfully, without a direct rival. The svelte and fun Audi A7 is an appealing option on a smaller budget. The BMW 8-Series Gran Coupe is the closest with regard to its distinctive sloped-roof style and numerous performance options.

          Do Panameras hold their value? ›

          We use 5 years as an example in our analysis. When new, a typically-equipped Porsche Panamera sells for $142,700 on average. After 5 years of depreciation, the average residual value will be $77,058. This represents the vehicle's retail market price.

          What salary do you need to afford a Porsche? ›

          Which should be around 10% of your monthly gross income. Times that by 12 to get your annual gross income. So in order to comfortably afford. a brand new Porsche 9 11 GT3, you need an annual gross income around $467,000.

          How many miles will a Porsche Panamera last? ›

          The elegant Porsche Panamera often exceeds 150,000 miles, equivalent to 11 years of driving at the average annual mileage. However, with proper maintenance, your Panamera can last well into the 200,000-mile range.

          What is the most common problem with Porsche Panamera? ›

          Common Issues With The Porsche Panamera

          Key problems highlighted by porsche-mania.com include: Oil Leaks: Particularly in the earlier models, the Panamera has been known to suffer from oil leaks in the engine. Coolant Leaks: Some owners have reported coolant leaks leading to overheating if not addressed.

          Will Porsche Panamera be discontinued? ›

          Porsche has announced that the Panamera Sport Turismo variant will be discontinued with the introduction of the refreshed 2024 Panamera.

          Is insurance high on a Porsche Panamera? ›

          A Porsche Panamera is more expensive to insure than the average car. Full coverage for a Panamera normally runs around $270 a month, while liability only car insurance premiums tend to be about $78 monthly.

          What are the disadvantages of the Porsche Panamera? ›

          The Panamera is known to have problems with the auxiliary coolant pump and can experience an engine overheating problem at low revs. So, after you've enjoyed the test drive and the engine is warm let the car sit and idle for 15 mins before you turn off. What are the downsides of owning a Porsche 911?

          Who is the target audience for Porsche Panamera? ›

          The demographic of the Porsche owner, includes a college graduate, household income over $100,000, 85% male, and 15% female. The typical Porsche owner is 40 years old and up with Porsche targeting the 25-54 age demographic seeking a slightly younger audience with the “Engineered for magic, every day” campaign.

          Which is the best Panamera to buy? ›

          Best Porsche Panamera for...
          • Best for Economy – Porsche Panamera 4 E-Hybrid. ...
          • Best for Families – Porsche Panamera Turbo S E-Hybrid Sports Turismo. ...
          • Best for Performance – Porsche Panamera GTS. ...
          • One to Avoid – Porsche Panamera Turbo. ...
          • Engine Turbo S E-Hybrid. ...
          • Bodystyle Sport Turismo. ...
          • Gearbox PDK.

          Is the Porsche Panamera being discontinued? ›

          Porsche has announced that the Panamera Sport Turismo variant will be discontinued with the introduction of the refreshed 2024 Panamera.

          What is the average lifespan of a Porsche Panamera? ›

          How Many Miles Does a Porsche Panamera Last? Porsche Panamera's engineering and design adhere to the high standards associated with the Porsche brand, and this is reflected in its longevity. On average, a well-maintained Porsche Panamera has a life expectancy of about 141,000 miles according to Vehicle Score.

          How much is the cheapest Porsche Panamera? ›

          Panamera price starts from ₹ 1.68 Crore. Panamera EMI starts from ₹ 3,39,751.

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