Ferrari 360 Market Watch (Jun14)

Before I get into the asking price analysis I thought I’d publish the results of a different set of price data.  I was recently passed CAP data for the 360 covering the last year.  It took a bit of work to convert the reports into something usable but here’s what I discovered…

CAP price the F1 at a £1k premium to the manual transmission.  Spiders are priced at a fairly uniform £4-5k discount to Modenas for “normal” mileages.  This seems madness to me especially as were are approaching the summer.

CAP Retail Prices have been steady for Spiders over the last year whereas Modenas have enjoyed a 16% rise.

CAP Retail Prices

CAP Pricing for high mileages is wildly off – they state an early car with 150k on the clock is only worth £16.5k retail and a staggeringly cheap £7.8k trade bid.  This is way below salvage prices – I can only dream of buying a 360 for the price of a holiday!

Taking a 30,000 mile car as a mid point, here are the discounts/premiums for different mileages.

CAP_mileages

Finally, the spread of prices between model years is far too high.  CAP suggest a £15k premium for a 2004 car over a 2000, all other things being equal.  In conclusion, I believe the CAP price guides to be way off the mark for this specialist market.

Back to asking prices – they haven’t moved, the index is down 0.08% MoM and stands at 101.05.

Index_Jun14

The number of cars for sale continues to increase and the amount of cars with an asking price of £55k or greater remains steady.  Interestingly, the Frosts car @ £70k is no longer advertised for sale but has been replaced by one with a similar price at Slades Garage.

count_over55_Jun14

Here’s the main data table:

360_main_table_Jun14

Here is the plot of asking prices vs mileages.  The outlier that used to be at the bottom of the chart has had it’s priced increased by £10k and now sits within the main population – I doubt the history of the car has got any  better though!

360_price_vs_miles_Jun14

Here are the computed asking prices:

360_theoretical_price_Jun14

And the median mileages:

360_median_miles_Jun14

Although average 360 asking prices haven’t moved much the Ferrari market is hotting up so it will be interesting to see if these cars will also start to appreciate.  I doubt anyone is going to get rich by owning a 360 but if you buy well now then you are likely to be able to get out flat in a couple of years time.

As usual, please do get in touch if you want any specific information.

Related posts:

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.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s