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.
- 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:
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