308 Personal Price Tracking Data | FerrariChat

308 Personal Price Tracking Data

Discussion in '308/328' started by glenv6, Aug 23, 2011.

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  1. glenv6

    glenv6 Formula 3

    Jul 4, 2011
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    Glen
    #1 glenv6, Aug 23, 2011
    Last edited by a moderator: Sep 7, 2017
    I've been tracking 308 prices on Craigslist (Nationally) and ebay since the beginning of last month, July 2011. Craigslist and ebay represented a very easily reached market for me to gather my data from. A casual observation is that asking prices for 308's listed in Hemmings and on specialty sports car and dealer sites are generally $5K-$15K higher than asking prices on Craigslist or "not sold" prices on ebay. There may be good reasons for this such as recent maintenance, general condition and mileage. As always, caveat emptor.

    For anyone who is interested, here are my results...

    The First image shows how many 308's of each model year I found for sale
    The Second image is the average price graph
    The Third image is the average price list (same data as the graph)
    The next three images show the highest and lowest ASK, SOLD and NOSL prices
    The Value Guide is something I threw together to understand the impact of maintenance issues on the value of a 308. In this case I used an '85QV, since that is what I was interested in and eventually bought.

    ASK prices are all from Craigslist
    SOLD and NOSL prices are from ebay. The NOSL prices represent the last bid after the auction ended.

    Cars I tracked were not always unique as the ads expired and the cars were relisted. I didn't keep track of exactly how many cars in my data were reposts, but my guess is the number was fairly low, perhaps 7 or fewer in my total number of 91 cars tracked.
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  2. Paul_308

    Paul_308 Formula 3

    Mar 12, 2004
    2,345
    Otherwise stated, a 308 is $30k ± condition.
     
  3. DWPC

    DWPC Formula Junior

    Mar 10, 2011
    733
    Sedona AZ
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    Dennis
    #3 DWPC, Aug 24, 2011
    Last edited: Aug 24, 2011
    Maybe add a "Weeks (months?) on Market" column as is used in real estate tracking. It would be interesting to see whether "hold-outs" gain anything. When I was shopping for my 308, I saw many ads for 308s that seem to be perpetually listed for sale on line with above-market prices by sellers apparently trolling for an uniformed buyer. I know of at least four 308s in LA that have been bouncing between Craig's List, eBay/Autotrader at very high prices for six months or more with no price reductions.

    For what it's worth, when I was looking for my Ferrari, I quickly abandoned using Craig's List ads for exotics; in So CA it was a swamp of e-mail scams and "dealers", a euphemism for used car lots.
     
  4. glenv6

    glenv6 Formula 3

    Jul 4, 2011
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    Glen
    As it is, my data gathering effort was meant as more of a spot check of the current market to get an idea of the value of these cars so I knew what a reasonable offer would be in general. Your suggestion does interest me as well and if I maintain my enthusiasm for this little project I may try to tackle that problem in the data...

    Having just sold my Vette through a Craigslist ad, I completely understand that it is a jungle out there with respect to email and phone scams and unsavory dealer types. You can however navigate your way through all of that to find the real deals.

     
  5. glenv6

    glenv6 Formula 3

    Jul 4, 2011
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    Glen
    Also note that '80-'82 models were the most prolific thus command the least in dollar terms. There were fewer QV's and they faired better in terms of higher bids on unsold cars. Carb cars were the fewest available and the prices reflect their relative scarcity.

    Here's What the NOSL (highest bid average at the end of the auction) average prices look like by year:

    '77-'79 = $30K
    '80 - '82 = $20K
    '83 - '85 = $25K

    The average SOLD prices also seem to reflect this value trend by year.

    '77-'79 = $29,550K
    '80 - '82 = $21,700K
    '83 - '85 = $24K


     
  6. ace_pilot

    ace_pilot Formula Junior

    Sep 6, 2007
    921
    Long Island, NY
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    George
    Geat data collection. Any data for 328?

    Ace
     
  7. glenv6

    glenv6 Formula 3

    Jul 4, 2011
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    Glen
    Sorry no, I had my sights set on the 308...

     
  8. branko

    branko F1 Rookie
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    Mar 17, 2003
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    Very interesting data....thanks for posting.
     
  9. BigTex

    BigTex Seven Time F1 World Champ
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    Dec 6, 2002
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    Looks "about right" except that the 'ask' on the 1978 is a market anomoly.

    The carbed cars from 1978 and 1979 are CAT equipped cars and are not worth more than the earlier NON CAT '75- 77s.

    They are IMO, one of the "most likely to go up in flames" examples, and also down on power to the earlier cars, due to revised camshaft profiles.

    You don't have enough examples of the early cars (they ARE 'keepers") but if you threw in the few early 'glass cars for sale now in Europe (one beater, and yet one by the designer HIMSELF at 100K Euro, you'd really have the total picture!

    I have been watching it about 25 years.
     
  10. BigTex

    BigTex Seven Time F1 World Champ
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    IIRC about $42K would get you the beater 'glass car in Europe, and after a lengthy and expensive resto, you'd have the "top of the heap"....a dry sump glass 308GTB.

    It's Prugna tho....:rolleyes:
     
  11. glenv6

    glenv6 Formula 3

    Jul 4, 2011
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    Glen
    I did find the glass cars out there for sale but those are so far outside being useful as drivers I didn't see any need to include them. They truly are the collector cars of the bunch so they didn't fit my criteria. That '78 was completely out of alignment with the market - It's nice to dream when you're selling and waiting...

    I had been lumping all of the "carb" cars into one lot in my mind, so thanks for pointing out the CAT equipped years. I think you're right though in that the market doesn't recognize CAT-NON CAT. All "carb" cars seem to be Carb cars in terms of desirability.

    I have been into this car stuff for forever and a day as well, for too many excuses I just never took the plunge on a Ferrari until now. I'm still waiting for the initial work to be done on my new girl before I can bring her home to enjoy...

     
  12. BigTex

    BigTex Seven Time F1 World Champ
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    #12 BigTex, Aug 24, 2011
    Last edited: Aug 24, 2011
    No worries, at this point a lot of people probably do.

    But it's a fine legal point (aside from the different cams) to be a legal NON CAT car.
    They can never take that away, although California wants the air pumps in place and working.

    To deCAT a car is still technically Pollution Equipment Tampering, and a violation of the (Federal) law.
    At the State level it's rarely enforced or even caught....

    So as I started shopping years ago I focused on the early steel 77s.

    The odd thing is that NON CAT North American 'glass cars (wet sump engines) still pop up from time to time, and if you are ready I know of past deals (not recently but it's a 'down" market currently) where $35 - $40K would have done it.
     
  13. vaccarella

    vaccarella Formula 3

    Apr 16, 2011
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    Paul
    Really nice work. I'd love to see similar for the UK.

    I doubt if all the values are evenly spread. With Ferraris, you'll get outliers like glass, carb, poor condition that could skew your average badly.

    You might want to calculate average with median rather than mean. This will get 50% of values above and 50% below.
     
  14. BigTex

    BigTex Seven Time F1 World Champ
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    The early '80s cars went really down on power, it wasn't any greater production numbers per year really, but 180HP was just not enough to support the appearance and reputation that Ferrari had enjoyed up to that point.
     
  15. wazie7262

    wazie7262 Formula 3

    Feb 13, 2008
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    Scott
    How bout the dry sump cars? ;-)
     
  16. glenv6

    glenv6 Formula 3

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    Good point, but I got lazy. You can't calculate median natively in an Excel pivot table... Shamed, I might go back and write a formula to calculate the median values ; )

     
  17. judge4re

    judge4re F1 World Champ

    Apr 26, 2003
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    www.mobile.de should have enough data to get some meaningful statistics on the other side of the pond. www.xe.com for latest forex rates.
     
  18. glenv6

    glenv6 Formula 3

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    It is true that absolute horse power rules absolutely and these 2v injected cars have the smallest little horse of the bunch. Looking at them now though the '80-'82 cars do seem to represent the best value in the 308 lineup...

     
  19. vaccarella

    vaccarella Formula 3

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    I don't think it matters much whether you get a 2v or a 4v or a carb. All 308s are now well down on horses through sheer age. These are now vintage machines and should be treated as such. I'm not saying don't enjoy them. They still pull their weight and are an absolute joy to rev high and pull through the gears.

    And never mind horsepower; on all sorts of levels like handling, our cars are obsolete and can be beaten my any number of standard modern production cars. But I didn't get mine for its bhp rating. Or its bhp per ton rating. Or its 0-60 figures.

    I bought my 308 because it's the most beautiful car design I've ever seen and contains a vintage engine that's a joy to hear and feel. And it has a tractor-like gearbox that's a challenge to use well but when you get the hang of it, it's bliss.

    I don't expect or want to beat the guy next to me at the lights in his Subaru/Ford/Honda whatever.
     
  20. BigTex

    BigTex Seven Time F1 World Champ
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    I just found a flywheel for mine, off an '80 GTS.

    It doesn't show HALF the wear (and no cracks) of the one that is coming off! :D :D
     
  21. Newman

    Newman F1 World Champ
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    Dec 26, 2001
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    #21 Newman, Aug 25, 2011
    Last edited by a moderator: Sep 7, 2017
    Are you sure? I loves 308's but there are prettier cars out there and whenever I read a comment like that I get images in my head of cars ill never be able to afford unless Donald Trump has me in his will. The yellow 308 was mine, I loved it still do but its no Monza or Miura. My vote is that purple car.
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  22. vaccarella

    vaccarella Formula 3

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    Yellow doesn't do the 308 justice, imo. And it's an insect magnet. The Monza and its ilk don't come into play - it's a racer, not a road car.

    I love most Gandini designs and the Miura, Khamsin and original Countach are all heavenly. The Miura is often quoted as prettiest. Well, maybe from the front, but really the rear is nothing to shout about at all either in pictures or in the flesh.

    For me the 308 still beats them, regardless of price. And it's even better in the flesh :D
     
  23. Newman

    Newman F1 World Champ
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    #23 Newman, Aug 25, 2011
    Last edited: Aug 25, 2011
    Its still a car and you said car and its street legal. :p
     
  24. dave80gtsi

    dave80gtsi Formula 3
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    Actually, it's the 2Vi cars which were made in fewer numbers than either the early carb cars or the later QV models.

    Someone here can post the exact production numbers of each flavor, I'd bet.

    Cheers - DM
     
  25. glenv6

    glenv6 Formula 3

    Jul 4, 2011
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    No, I'm not talking about production volume, I'm talking about the number of '80-'82 cars on the market during the period of time I sampled... Since you brought it up, the lower production volume of these cars seems to do nothing to help their values.
     

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