ferrari market

Your observation might have been true earlier this year but not now. 3.2 cabs are struggling to fetch $35K even with recent majors. Dealer asking prices are still high but cars not selling. The infamous Simpson 3.2 cab did not make $30K when it finally sold on the 4th try on Ebay, with recent major. T cabs I see asking $50K but not selling. I saw a T coupe sell for $35k in Oregon last year, represented as clean but it had some latent issues. The one recent exception to the soft market was that Rosso Rubino cab, extensively restored and unusual color, I think it made $42K. Coupes seem a little harder to come by and may be fetching more money but hard to tell as very little data.

With regard to the market in general, I think the GT4 frenzy is over with several cars sitting unsold; 328GTS realistic price now $60K for a good driver. TRs back down to $100K. 355s as low as $50K but for that you get a can of worms. Sorted 355s offered at less than $100K probably selling for $90K.

There is still strength in the unusual cars ... 348 SS, the early glass 308s, 328 GTB, 355, 360 and 430 manual coupes. 348s in general seem to be scarce right now which is a bit of a head scratcher. Bottom line the market is becoming picky.

This against a background of strong real estate and stocks, and peak summer weather. If you are in the market, I would wait and see.

 

That's the feeling I'm having too for the moment. At least 25 Mondials for sale in Belgium at high prices (from 30K - 100K euro)... none have been sold for the last 6 months.

 

What you've observed has been a combination of general price appreciation on the marque as well as inflated prices for hard assets in general.

The economy is cyclical, and we are at a relative 'high' point. Wait until this wave is done, and you should be able to acquire your 360 for more reasonable prices.

As for when? Well if you can answer that, you wouldn't be in a position of price sensitivity in the first place.

 

Seen lots of Mondials, the range I've seen is as follows

8 = ~25ish
qv = 35ish
3.2 = 40ish
t = 50ish

I would say the majority also need the major service so add at least 3-6K do proper acquisition.

I think the 348/360 will experience deeper hits in our next cycle. If you have your eye on a 360, I would wait until next recession (just my honest *opinion*)

I believe the 355 - will do well being the last 'fully' analog Ferrari 2 seater.

I don't think Mondial price appreciation will truly come until another 10 - 15 years...which is fine by me

Prices go up - I win
Prices go down - I win (cheaper parts)

Cheers

 

I see 360s from dealers for 69K. Which is a lot less than what they cost new. The 360 had relatively high production numbers for a Ferrari. I really like the cars large engine access panel from behind the rear seats. Should make belt changes a snap!

 

I just did an expensive major on my 8, with lots of extra things done.

My conundrum though. I love driving it, looking at it, and hearing it. But I probably have little justification in owning one right now at this juncture. Sometimes it makes me think I'm being dumb and should just go buy a 911. The quirks on the 8 are expensive. The market might bring $25-30K. But then I'd have no Ferrari...a vintage one at that!

I don't think in 10 years they will be worth $60K +, but kindly make me eat my words if I still own mine, and I'll be cashing out

 

My feelings as a watcher of the Mondial and 3X8 market is that prices are in the process of pulling back from their highs. There are still a lot of cars out there with relatively high asking prices, but I don't think they are selling. I think sellers of Mondials in particular have been very optimistic and most will be disappointed if they really need to sell the car in the short term.

I don't have any skin in this game, but I am sorry I didn't buy a car when they were dirt cheap. I don't think prices are going to fall all the way back to 2009 levels for 308s for instance, but I selfishly wish they would.

 

I think that's the beauty of my Mondial is it's at a juncture where it's in a 'sweet' spot. (it was definitely better 3 years ago, got my for just 27K)

I drive it as much as I can..once I got it sorted, it has been relatively trouble free. I plan to drive it into the earth. If prices go up - great. If prices go down - great...I'll be happy to buy another one if this one goes kaput.

...that's one of the great things about this particular Ferrari. If I sell today, I make a profit (even taking $$ spent on maintenance/insurance)

Not very often in life one was 'paid' to drive a Ferrari. No such thing as an affordable Ferrari? Hogwash - I'm living proof it can be done. If I sold today, the fact is I got paid to drive my car....many Ferrari 308 GT4 (another car unfairly maligned) owners know first hand what I speak. (skip to 9:51 for summation)

Let me say this, if the Mondials go back to 2009 levels - I'm backing the truck up.....if for anything else then the parts value alone (same exact drive train as the 308/328) would put you ahead.

Some people still ask...Why the Mondial?

...this is why

 

Oh man... That exhaust note! WOOOOOOOOOOOOOOOOOOOOO