The 996 was replaced with the 997 in 2004, for the 2005 model year. It retains the 996's basic profile, with an even lower 0.28 drag coefficient, but draws on the 993 for detailing. Initially, two versions of the 997 were introduced— the rear-wheel-drive Carrera and Carrera S but more versions came later.

The vehicle was fitted with the PCM2.1 head unit and came with the option of the standard or Bose audio package.