360 Pricing Formula

Yes, VERY interesting! Thank you muchly for spending the time to work this out!

Jeff

 

Doug - very accurate in your assessment, thanks for the good work. As one who's been shopping all year for a 360, I can say you are right on about both red and the 6-speed. Good 6-speeds are hard to find, and in an interesting reversal they USED to sell for less than the F1 (after all, F1 was a 10k option when new) but now sell at a premium. The '00 Red F1 I've purchased falls farily close to your formula.

 

i think thats very close to the real #rs great job and taking the time to do this

 

My theory from 4+ years ago was that people buying a new 360 wanted the latest technology and the highest performance....something like 70%-80%+ were ordered with the F1.... and that in time the sticks would be worth more.

As the cars age besides any additional maint. costs which the market factors in, is simple supply and demand. If even 50% of used buyers want a stick it makes a significant difference in the demand side. I for one only wanted a stick- there is nothing "wrong" with an F1, it's just that I have been dreaming and saving for years and could care less about a couple of seconds faster on the fiorano race track, I wanted a stick period. I would expect the difference in price between a stick and an F1 to become larger over the years...

 

my car is rosso scuderia and it's a very rare color for 360. what's the amount for that?

 

Can you give a CS price formula?

 

makes my 2000 coupe worth at retail $69,000 give or take. A little low, but within statistical averages I guess.

Formula doesn't take into account several variables. Overall condition of car. Daytona interior, sports seats, red calipers, any number of items that will affect retail pricing.

Recent major? That's worth $$$

And some bad colors retail for less than others. Try selling a silver/red (not burgundy) car. See what number it will bring.

DM

 

The premium for sticks does not surprise me. A number of years ago, Bill Orth (used to be sales manager at FOD) told me he was paying more for early 360's with sticks. The commentary was that used buyers were different. They were more concerned with potential costs on an out of warranty car than they were about getting the latest technology. The info on Fchat would surely indicate that paddle cars are more problematic. 430's may be a little better but there are still plenty of posts here about problems with F1 systems. It would not surprise me if 430 with sticks eventually are worth more especially since the 458 will not have one. Sorry to highjack the thread. Good job Doug, an interesting project for sure.

Dave

PS: that large a premium for red is a big surprise! I wonder if it will diminish with more cars in the sample.

 

Very nice work. Thanks for posting it.

With repect to the following:

I assume that because the OP's analysis is based on asking prices, the sellers have basically built these variations into the pricing. Additionally, the statistics is based on the "average" (statistically speaking), so there will be outliers at to condition and some of these other factors. So in other words, the formula will not necessarilly be exact for any given car, but is a representation of what the "average" car with the characteristics that you have outlined will have. Correct?

Alberto

 

besides red being top dollar color i think yellow is right there with it

 

very interesting

 

Rosso Corsa will always command a higher price. One because it is sexy as hell and two because when many people think of Ferrari, they think of the red. I don't think Giallo Fly will command anywhere near what the Rosso's do.

 

+1.Yellow tends to go in and out of style. It was pretty popular in the 70's but downright rare in the 80's and early 90's. Very popular circa 95-05 but last time I talked to a dealer about colors, I was told it was falling out again. Silver is another that seems to come and go and I like silver myself. When it comes to Ferraris, I suspect the only color that will conistently bring good money besides red is black. Here I go highjacking the thread again.

Dave

 

Right on the money Dave.

 

Thanks for the time in computing this formula!

 

Comes out to 91767.76 for my 01 spider. Sounds about right for retail asking price, but suspect it would sell for a bit lower actual dollars. Having said that, I doubt that changing the color from yellow to red would add 10K to the asking/selling price. Good formula!

 

Does it mean Rosso Corsa has the same price with the Rosso Scuderia??

Most of the Red 430 in Hong Kong is Rosso Suderia, just for your information.

 

Thank you for putting all of this info together! This helps out when I'm looking for a 360 right now.

 

Thanks for doing all the math. Interesting to think that the color is the second most important factor in price. Would color be as important for other model Ferrari's? Say a 348 spider for instance?

 

It is funny how much rigorous mathmatics determines things over the wrong data set.

Having watched and bought cars over many years, run this same analysis over two or more famililes (355's, 348's) and you'll find the year sensitivity is non exisitent. By the way, this is the same factor that made 460 buyers hold their breath 18 months ago.

And then they tubed.

Thanks...F

PS God bless MBA's (mine cost me a bunch of dumb-ass mistakes like this with cars - but put me ahead overall}.

 

Surprising. Also, I've noticed most for sale need some service; major, belts or brakes, or all the above. Oh, but they'll polish them up good and nice and say the car has all it's papers.

Buying a Ferrari is the biggest nut and shell game in town. If you don't know what to look for, you'll get a statistically average car, if you're lucky.

I'd like to see a study on how much money is spent on the car in the first year!!