Well it had to happen at some point – after the meteoric rise over the last year, average 360 asking prices have fallen back a touch. The price index has dropped 2.45% from last month to 117.55.
The fall in average prices has been driven by a number of sub £50k cars being offered to the market, including two LHD examples. However, this only the headline – activity remains robust and I know of a number of transactions going through in the last month over the £55k mark.
Here’s the main data table:
Here’s the plot of asking prices vs mileage. There are a number of higher mileage cars with very optimistic prices which is distorting the relationship between these two factors.
Here are the theoretical asking prices for the different mileage points:
Here’s the population change over the month (click to view bigger and zoom in):
And finally here’s the main table converted into USD at a rate of 1.5064:
It will be interesting to see what happens with the sub £50k cars that have entered the market this month. I would expect them to be sold quickly (if they are any good) which may drag average asking prices back up again. Interest in the 360 is very strong at the moment, driven by the fact that it is pretty much the entry level V8 Ferrari these days (if you ignore the 348 and the unloved Mondial and GT4).
As usual, please feel free to drop me a line if you want any data in particular.
Related posts:
- Ferrari 360 & F430 UK Production Numbers
- Ferrari 360 & F430 UK Export Numbers
- Ferrari 360 & F430 Buying Guide
- Ferrari 360 Buying Advice
- Ferrari 360: A Dealers Perspective
Other posts in this category: Buying and Selling
Pistonheads price threads:
If you enjoyed this post why not subscribe to this blog for further updates? Simply enter your email address in the box at the bottom of this page. Your details will not be shared.
Aldous Voice 
Hi Aldous
Academic nit-picking (but that is what I am paid to do):
“Average” . . . mean, median or mode? I’m sure you understand.
Such distinction simply underscores your excellent posts. I suspect that many readers have the nouse to appreciate the precision that selection of one of the three terms demonstrates.
Best wishes
No problem – I should have been specific! It’s the mean unless otherwise stated (I was tracking the median mileage for a short while).
Aldous, What are most important variables? I could guess, year, mileage, MT v. F1, Spider v. coupe, color?
In the UK at least, the biggest driver of price is mileage. Then colour. Although later years are more desirable, there weren’t many improvements during the model run to affect the price that much.
The other factors are all down to personal preference and there’s enough stock to allow someone to get the car they really want. Obviously cars with more popular options sell quickly and can command slightly higher prices.
There was a thread on FerrariChat in which people were posting that in the US cars with Man. trans. were much more desirable and bringing better prices than 360s with F1 transmissions.
I can believe that it is the case over there. In the UK there isn’t too much of a pricing difference between manual and F1 but I expect in the coming years the difference will become greater.