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They are cheap compared to the "classic" 911 because they aren't "classic" in any sense. Faster and more comfortable yes. So are a lot of other car compared to the old 911's. Just because it has a Porsche crest on the hood isn't enough for many of the owners of the old cars to jump ship. Think of these 996 depreciation values as normal compared to other makes of the same area. 69-89 911's are in a whole different category's with those that own them and those that only want one of these cars. I'll still catch an old SC driving by me with plenty of wear and abuse and still I want to see it. Shiny nearly new 996's (and it's half twin Boxster) can cruise by and blend into the traffic. That's what 40 years of production will do.
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