The third-generation 2017 Porsche 718 Cayman is priced at $54,950, while the 718 Cayman S starts at $67,350. Pricing includes a $1,050 delivery charge.
Porsche Cars North America said for the first time, the coupe is priced below the roadster.
In comparison, the base 2016 Cayman coupe starts at $53,595, including shipping.
Like the 718 Boxster, the 2017 718 Cayman S is equipped with a 2.5-liter turbocharged flat four-cylinder engine that produces 350 horsepower. The base Cayman gets a 2.0-liter flat-four, delivering 300 hp. Both models make 25 more hp than the outgoing versions.
The 718 Cayman S accelerates from zero to 60 mph in 4.0 seconds.
The top track speed of the 718 Cayman is 170 mph and the 718 Cayman S has a top track speed of 177 mph.
Exterior changes include a front fascia with a sharper profile, designed to give the car a wider and more muscular appearance, and a redesigned rear fascia with new taillights.
LED headlights with four-point daytime running lights are a new option.
In the cabin, an eight-speaker Sound Package Plus audio system and Porsche Communication Management are standard.
The 718 Cayman borrows the 918 Spyder design sport steering wheel and also features new air vents and connectivity options that offer real-time traffic information, Apple CarPlay, Google Earth, Google Street View and Wi-Fi.
Edmunds says: If you're considering a luxury sport coupe purchase later this year, you may want to take a closer look at the upgraded 2017 Porsche 718 Cayman.