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LOL i have to agree with this one. a lot more of the young guys wave; the older guys almost never. I've had my share of laughing at myself for feeling like an idiot to waving at those whom never reciprocate… (not that it has stopped me since).
A Panamera flashed and waved at me yesterday. Took me completely by surprise because I didn't expect it. I waved back. Two OLD guys waving at each other. So it does happen with old guys too. I'd say 2/3 of the time 911s will wave, rarely, if at all the other models. Maybe the Panamera guy owns a 911 too!
I try to waive at any and all Pcars that I see. As a Boxster driver - I've noticed that it's almost exclusively other Boxsters who wave back. Other Pcars, not so much. Never had a woman waive back ever, although have only ever seen them in Cayenne's.
Yesterday I gave and was returned the light flash by a dark blue 991 cab. I wave or give the flash (yes, I know) to all Porsche car drivers, maybe not the Cayennes as often as the others since there are so many of them around.