The headline news is that average Ferrari 360 asking prices have fallen 3.02% over the last month which leaves the price index at 167.01.
My personal feeling is that the 360 market has been softening for a little while now – this reported fall in prices would actually be greater if the insanely priced car at £275k wasn’t in the data population.
Another interesting point, is that there are more cars on the market this month 62 vs 56 last month. There hasn’t been this many cars for sale in over two years. Quite a few of these new listings are manual cars (an increase of 10 in a month). Simple economics tells us that a greater supply has a downward pressure on prices.
Here’s the big table:
Price vs mileage:
The F1 vs manual scatter plot isn’t worth showing as the 275k outlier messes it up. Here’s the delta instead:
Here’s the table showing which cars are in/out of the data population:
Only time will tell if this is the start of a downturn in prices but, right now, I believe buyers are in a strong position to negotiate the asking price down. More next 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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