The headline this month is that average 360 asking prices have increased a monumental 14.85% since this time in October. The price index now stands at 154.69. However, before owners jump for joy (and prospective purchasers start weeping) it is worth taking some time to understand how this jump has occurred. In August a glut of sub £50k cars came onto the market which kept average prices down. These cars have now been taken off the market which has caused the sudden increase. If you are a 360 owner then your car hasn’t gone up in value by 15% – sorry…
As mentioned above, turnover in the market has been concentrated at the lower price levels. Speaking to dealers and being involved with transactions, I get the impression that demand is softening a touch and that we may be close to the peak in the 360 market. Of course, this market is only a small part of the wider Ferrari market, which in turn is part of a bigger alternate-investment market so there are lots of factors in play here. However, I recently helped someone buy a lovely F430 for the same money as good a 360 would sell for – I think that at these levels sensible buyers will be in the F430 market as it offers so much more.
Here’s the breakdown of the sold cars:
Here’s the big table. Note the wide spread on LHD prices – if Hexagon sell their LHD car for over £100k I would be surprised…
Here’s the price/mileage data:
Manual cars are holding a firm premium over their F1 equipped counterparts. I expect this trend to continue and even widen.
Here’s the massive table showing which cars are in and out of the data set:
That’s it for this month – please drop me a line with any questions or comments.
- 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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