Modern Classic: 1976 Porsche 912E

The proverbial poor-man's Porsche

Ken Gross / autoMedia.com

To qualify as "modern classics," we're choosing vehicles that are comparatively affordable now and that we think will increase in value over time. These are cars that many people would love to have: head-turners, trend-setters in their time, cars that people still see that make them smile, cars that were definitive in their own right, stylish and fun to drive. We're focusing on cars that are at least 25 years old so they can be registered and insured cheaply and aren't subject to annual inspections.

Tastes may vary, as may peoples' own definitions of "affordable." Our theoretical limit is $50,000 for a car in good to excellent condition, which rules out many of the traditional exotics. This month's selection is the 1976 Porsche 912E.

Pseudo 911

A "stripper" four was the obvious answer. Porsche's new 911 was a dramatic move upward from its venerable (and—by 1964—outdated) 356 Series. Stuttgart's management knew that they had a home run with the new model, but they fretted that the 2.0-liter six-cylinder's $6,490 U.S. price tag (nearly $2,000 more than a 356SC 1600 coupe here) would exclude potential buyers. A "stripper" four was the obvious answer.

The 1966 912 arrived in September 1965, selling for $4,690 (with a four-speed) or $4,770 (with a five-speed—basically the same box as the 904 racer's, with a dogleg First). Its traditional pushrod-four was a slightly de-tuned SC engine (102-bhp versus 107-bhp), upgraded with 12-volt electrics. Improved aerodynamics meant nippier performance—a 115-mph top speed and 0-60 in 11.5 seconds (despite the 5-bhp loss).

Inside, the 911's five-dial instrument panel and teakwood applique were replaced with a spartan three-dial setup reminiscent of the 356's. Offsetting trim differences and the 911's 40-bhp advantage, the 912 was lighter, with better weight distribution (44/56 versus 41/59). Porsche intentionally made the 912 and 911 virtually identical outside (save a 912 decklid badge). In 1967, the five-dial panel was restored; the 912 got the marque's new safety door locks, and through 1969, 912 coupes and Targas received most running production upgrades, including a 2.25-inch longer wheelbase.