Ferrari 360 Market Watch (June 2015)

It feels a little like groundhog day – I find myself sitting here looking for new prose to describe the same thing:  360 prices continue to rise in the wake of unrelenting demand.  The average asking price has risen 2.97% over the last month which leaves the price index at 127.91.  That’s more than a 25% increase in the last year and nearly 30% from the depths of winter 2013 (the last time there was any meaningful fall in prices).

AV360PI

Index Jun15

All the lower priced cars seem to have been taken off the market and prices now start at £50k – which doesn’t even buy you a particularity nice car these days.  A few years back these cars would have been selling for low £30k’s (which incidentally would only buy you the well used Silverstone cars now, all of which have been sold).

Activity in the run up to the start of summer remains robust with 19 cars sold and just 11 replacing them.  The number of cars for sale is at its lowest since I started collecting data, a trend which is repeated with other tipos (people tend to be holding onto their cars).

MoM Change Summary Jun15

When I started collecting data £55k seemed to be a tipping point in the market with cars over this number tending to be super prime and few and far between.  It wont be long before there aren’t any cars offered for sale below this level…

55K Threshold Jun15

Here is the main data table:

Main Table Jun15

And here’s the plot of price vs mileage.  Note that I have taken out the ridiculously priced spider at £139k as it skews the chart.  Unsurprisingly this hasn’t sold (if anyone has been to see it please drop me a line – I be interested to hear about the car).

Scatter Plot

Prices seem to be fitting the line very well, with few outliers.  Here’s the table of asking prices for the different mileage points.

TV Price Jun15

Here’s the big table showing which cars are in and out of the data this month:

MoM Change Jun15

I ended last months update with a warning for buyers and I’d like to reiterate it.  Over the last month I’ve seen quite a few cars offered for sale that at best were hiding thousands in deferred maintenance and at worst shouldn’t have been on the road.  Please be very careful!

Related posts:

Other posts in this category: Buying and Selling

Pistonheads price threads:

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7 thoughts on “Ferrari 360 Market Watch (June 2015)

  1. Excellent update. Keep up the good work. It’s always interesting reading. Richard

  2. Another great article Aldous. I can’t help thinking that the world has gone a bit nuts though. 355 and 360 prices like this just take these cars out of reach for a whole bunch more people. I struggled to pay 52k for my 360 and the idea now that 6 years on it is worth 10-20k more is crazy. They are now running into the 430 car prices and to be honest the 430 is a much better car than the 360 and arguably miles better than the 355.

    Still I’m glad I sold my 360 when I did and just maybe hope that 430 prices go nuts too. Although I wonder if they may become the Porsche 996 of the Ferrari world. High production numbers and modernity make them unattractive long term. I still love mine though. How is yours?

    All the best.

    John

  3. I echo Joes comments, awesome job, please keep doing this, very interesting. I am a Brit living in Canada and own a 360. I would love to do the same thing for Canadian cars, would you share your spreadsheets and a how-to guide, and I would be happy to share my findings with you. Perhaps this could lead to a worldwide AV 360 index!??

  4. Last month I picked up a 2001, 28k mile 360F1 in Italy for under £40k, FFSH. Just passed it’s MOT with flying colors. Still some bargains to be had in Europe whilst the Euro is so weak.

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