2023 Porsche Panamera — Carivo review carivo.co
Sedan

2023 Porsche Panamera

Independent review & score by Carivo

Price Range $93,702–$109,217
Fuel Economy 21 MPG
Seating 4 passengers
Category Sedan
Est. Annual Fuel $2,500/yr

Key Specifications — 2023 Porsche Panamera

Engine2.9L 6-Cylinder
TransmissionAutomatic (AM-S8)
DrivetrainRear-Wheel Drive
Fuel TypePremium
City / Hwy MPG18 / 24 MPG
Combined MPG20 MPG
Est. Annual Fuel Cost$4,100
CO₂ Emissions441 g/mi
Seating Capacity4 passengers
Body StyleSedan
Base Price$93,702–$109,217

Source: EPA FuelEconomy.gov & manufacturer data. Figures reflect base trim; actual specs vary by trim level.

About the 2023 Porsche Panamera

With an overall Carivo score of 7.8/10, the 2023 Porsche Panamera earns a Recommended rating among the sedans we've scored. Its strongest dimension is Technology at 9.1/10, while Value at 6.0/10 is where it trails the competition most noticeably. It's a solid all-rounder that delivers across most dimensions without obvious deal-breakers.

Reliability and safety are the two dimensions that matter most for long-term ownership costs. Reliability comes in at 7.7/10 in our assessment — above the middle of the pack for this class, though not flawless. On safety it earns 8.0/10: respectable, if not class-leading — several competitors bundle more driver-assist tech as standard. Check your trim's official ratings at nhtsa.gov.

The 8.5/10 performance score reflects a chassis and powertrain that punch above the segment norm — this is a sedan you choose partly for the drive itself. Technology scores 9.1/10 — one of the stronger tech packages in the segment. Expect a responsive infotainment system, broad smartphone integration, and a solid suite of driver-assistance features.

Priced from $93,702–$109,217, 21 MPG, seating 4, the Porsche Panamera sits in the luxury tier of the sedan market. The value score of 6.0/10 is a red flag — comparable alternatives offer meaningfully more for the same outlay. Shop the segment before deciding. At 3 years old, it's worth checking whether a newer generation or refresh has addressed any weaker dimensions — compare it to the current model year before buying.

Bottom line: Think of the 2023 Porsche Panamera as the dependable pick rather than the exciting one. Its softer scores in value are the only real asterisks. Shoppers who value predictability over headlines will be well served.

Carivo scores are our own editorial assessment, informed by NHTSA safety and recall records, EPA fuel-economy figures, and manufacturer-published specifications. Scores are reviewed periodically and updated when new data becomes available. See our full methodology →

How It Ranks Among Sedans

The 2023 Porsche Panamera ranks #347 of 1310 sedans in the Carivo database — better than 74% of the segment. Its 7.8/10 overall score is 0.3 points above the segment average of 7.5/10. Its $93,702 starting price is about 239% above the segment's median of $27,664.

Rankings are recalculated as new vehicles and scores are added. See the full Sedan ranking →

Which Panamera Year Should You Buy?

Smart-money pick: the 2020 Porsche Panamera scores 7.5/10 — within striking distance of the 2023's 7.8 — and starts roughly $8,500 lower. If you don't need the newest model year, that's money better spent on a higher trim or kept in your pocket.

YearScoreStarting price (MSRP when new)
2026 7.7/10$99,498 Read review →
2025 7.7/10$99,498 Read review →
2024 7.7/10$96,600 Read review →
2023 (this review) 7.8/10$93,702
2022 7.6/10$90,804 Read review →
2021 7.6/10$87,906 Read review →
2020 7.5/10$85,008 Read review →
2019 7.5/10$82,110 Read review →
2018 7.4/10$79,212 Read review →
2017 7.4/10$76,314 Read review →
2016 7.4/10$73,416 Read review →
2015 7.3/10$70,518 Read review →

Pros & Cons — 2023 Porsche Panamera

✓ What it does well

  • Above-average reliability record with solid owner satisfaction data
  • Strong safety ratings from NHTSA and independent testers
  • Engaging driving dynamics with class-leading power and handling
  • Best-in-class infotainment, driver assistance, and connectivity features

✗ Where it falls short

  • Value-for-money is a weak point; comparable alternatives offer more for the price
  • Fuel economy at 21 MPG is low — running costs will add up quickly
  • Premium price bracket — make sure the score justifies the outlay vs. segment alternatives

More Porsche Reviews

Explore the full lineup of Porsche models scored by Carivo — ranked by overall score across reliability, safety, value, performance, and technology.