The Porsche 911 Targa 996, part of the fifth generation of the iconic 911 lineup, was produced between 2002 and 2005. This model marked the return of the Targa variant after a brief hiatus, with approximately 5,000 units built worldwide, making it a relatively rare variant within the 996 series. It was offered with two engine options: a 3.6-liter flat-six producing 320 horsepower in the standard model and, for the Targa 4S, a tuned version delivering similar output but with all-wheel drive as standard.

A defining feature for collectors is the unique sliding glass roof, a modern reinterpretation of the classic Targa design, offering an open-air experience without compromising structural rigidity. Performance highlights include a 0-60 mph time of around 5.0 seconds for the base model, with a top speed of approximately 174 mph. The Targa 996 is often overshadowed by other 996 variants like the GT3, but its scarcity and distinctive design have seen steady interest among exotic car enthusiasts. Recent value trends show moderate appreciation, particularly for well-maintained, low-mileage examples, with prices varying widely based on condition and provenance.