Ferrari 360 Market Watch (August 2017)

Apologies for the late update but running a workshop doesn’t leave much time to do anything else.  360 asking prices have crept back up again and the average is back above £80k.  The price index is now 163.99, up 2.28% over the last month.  This has been driven by new cars being offered at the top of the market – my sample now has 8 cars priced at over £100k (compared to just three last month).  The summer weather seems to be bringing out the optimism is many vendors.

Higher asking prices don’t always mean higher transaction prices.  Buyers are still cautious and the number one question I’m asked is what is my worst case loss if prices fall.  This means that activity is concentrated on good cars that are realistically priced.

I would like to end with a note on mileage – when I started this project mileage was the be-all and end-all and when cars hit 30k miles the value dropped off significantly.  These days mileage is still an important factor but well maintained cars in top condition are holding their value much better than before.  Condition, provenance and history are much more important now which is the case for more “classic” tipos.

Related posts:

Other posts in this category: Buying and Selling

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