Ferrari 360 asking prices remained firm over the last month – average asking prices have increased 1.02%, reversing half of the drop reported in the prior month. The price index now stands at 118.75.
Activity continues to be strong at the upper end of the spectrum. I have been involved in a few 360 transactions during the month, both on and off market. If someone had told me a year ago the levels these cars have sold at, I would not have believed it.
The number of cars on the market has has increased a touch to 37 but that disguises the 12 cars that have dropped out of the data (presumably sold) and the 14 new entrants. This turnover needs to be added to the off market transactions which are most definitely happening.
Here’s the main data table:
Here’s the plot of asking prices against mileages. Note the car offered for sale (privately) at £50k with nearly 60,000 miles on the clock. This is a real indicator of how crazy things have become – two years ago a similar car would have been listed for a little over £30k!
Here is the table of average asking prices for different mileage points. Note how the optimistic vendors of high mileage cars has reduced the price differential between the big mileage intervals. The average asking price of a 20k car vs a 30k car is less than £2,000. Personally, I believe this to be wrong and would expect the expensive higher mileage cars to remain unsold.
Here’s the population change over the month (click to view bigger and zoom in):
The overriding theme that has been present in all of the transactions that I have been involved in this month has been the requirement for a manual car. This is reflected in the data, manuals are priced at a significant premium to F1 cars.
That’s it for this month. 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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