Anyone hoping that last months drop in average price was going to last will be disappointed – the average asking price of the Ferrari 360 has increased by an astonishing 6.5% from last month. The price index now stands at 133.81.
It will be interesting to see what the repercussions of the rout in global equities will have on the exotic car market over the rest of the year. Will investors flock to less traditional investments (and drive prices higher) or will appetite for risk wane (and drive prices lower)?
The rise in average asking prices has been driven by activity at the top of the market. The four cars that were priced above £80k last month (including the JCT600 car @ £125k) are gone and replaced with two cars priced above £90k and a further two at £130k and £140k. These last two cars are up for sale with Hexagon who have traditionally specialised in rare, high margin classic and modern cars. If they can sell their two 360 Spiders at these levels then I think it’d be time to consider calling the 360 a classic (something I never thought I’d be saying).
Here’s the pie chart showing where the movement in the market is occurring. You can see that activity is spread at all levels and 30% of the cars sold last month were priced at £70k or more.
Here’s the breakdown of the cars that have dropped out of the data (presumably sold):
Here’s the main data table – note there is still a healthy number of LHD cars offered on the market.
The plot of asking price vs mileage. Any debate as to remove the higher priced car(s) from the plot has now been ended as they form a key part of the spread of prices.
Here is the theoretical average asking price for different mileage price points:
Finally, here’s the big table showing which cars are in and out of the data this month:
- 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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