Official 328 GTB/GTS Market Thread

Someone could chart the progress of median used prices, starting with the final production year. Using a median will remove the outliers that mess such stats when taking the mean. Each should be indexed to that model's final production year, with inflation removed. A dozen classic Ferraris, starting with the original Dino should make for an interesting graph 1974-2013.

 

Browsing thru old period magazines yesterday, I found the figure for the Dino on the french market in 2002: 60 to 80.000 euros, depending on condition, "bound to appreciate shortly"...
As are both of my 328s, of course; in fact, as they have been since 2000...but today's bracket is the same than it was in 2002, even if asked prices are a bit higher, let's say 7 to 8%, these days (but same cars advertised over and over again; the nicest ones trade without being advertised at all)

Rgds

 

I don't think the French market is big enough to get meaningful data.

Collect data from the whole of Europe and I would trust it. Add in USA and you've got most of the classic market.

Otherwise the numbers are unreliable - too many outliers with special prices for special cars (non-runners at one end and delivery mileage museum pieces at the other).

 

And I was just positing a hypothetical.

 

Inflation and a recovering global economy are going to push the prices upwards, regardless of any gains that are specific to the 308. That being said....

What I think we are seeing right now is a progression from desired car (Dino) to desired car (308). Say you want to buy an old Ferrari. Obviously you are going to pay through the nose for a 12 cylinder, but the Dino used to be an inexpensive alternative. Now the Dino is out of range in terms of pricing, so people move on the next model... the 308. So the bleed-over Dino demand has now become 308 demand, and the value is increasing.

Add to that the fact that the generation that grew up loving the 308 (I was 6 when Magnum PI debuted, and 8 when National Lampoon's Vacation came out) is reaching an age when ownership is becoming a legitimate possibility, and for that reason demand becomes even stronger.

I watched 308 prices for a LONG time, waiting to see the values begin to move upwards, before I pulled the trigger and bought mine last year.

 

What stopped you buying before last year?

 

You mean my GT4 won't pay for my kids to go to MIT in 10 yrs?

It's all been said-they made a ton of 308/328 etc compared to say 246's. They should appreciate at least some-maybe even a good bit more than we think but $500k?

 

Mine will get me to MIT.
But I still have to pay to park.

 

That's not true, my 84 QV with 81K miles is for sale for $60,000

 

The one thing which might prevent the 308 from going to 246 Dino levels is the existence of the 328. And the factor counting against the 328 doing the same is the 308. They both work against each other because the investor will not want to bet on which one will jump so neither will.
A 246 Dino is a 246 Dino. The "X" in 3X8 is a problem.

The late 328 and the QVs will continue to slowly rise though as they have done over the past few years (in the UK).

 

I stand corrected

In all seriousness, my little Scirocco is worth over $400,000. I have actually put a rather large amount of thought into it too. That 400K happens to be in the neighborhood of what it would take to make me part with it. $350,000 didn't make the cut, it has to be over $400,000.

So, I guess it is "worth" $400,000 to at least one person on earth who doesn't want to sell it.

 

Well, maybe it would pay for a parking spot there-but probably not for the full 4 yrs!

 

I really think it simply boils down to the number out there. There is just too many to pick from to get the sale prices jacked up crazy.

 

Hence Piero Ferrari's quote in this month's UK Ferrari OC newsletter: "[Enzo] would have fully agreed with the decision to keep production under 7,000 cars a year"

 

Coincidentally, MIT did help finance my GT4 but that's another story.

 

well i think you are forgetting the 246 dino began as 206 dino. much like the early glass 308, the 1st edition is rarer and are worth are valued higher im reckoning. i believe they have made their bets on the early cars already.

 

am i missing something? ive seen 365 gt4 2+2 or 412s for sale in high 20's and mid 30's ?

 

Prices will rise when the 15 year old hormone-fueled boys of 1980 become sufficiently affluent to acquire their objects of lust-filled boyhood automotive desire. I have heard the story before about someone watching Magnum P.I. and forever wanting the 308. Their day will come.

Despite Ferrari deciding to 'mass produce" one of their most beautiful cars, in the grand scheme, production numbers are low. Check the production numbers for yesteryear's objects of lust, now above $100,000. Say a Jaguar E-Type or Corvette C2. Many many more of those made than a 308. They, like a 308, were sex on wheels.

The 308 will never be a million dollar car, but there is lots of room. Once prices start to rise, supply will drop to zero and prices will rise more. Thats how it works.

 

2x6 Dino where x = 0 or 4.

 

I think for most people the name Ferrari also means expensive to maintain. The 356 Porsche cars are great and have a 4 cylinder that is easily repaired or replaced. But having owned three types of porsches I have a good feel for the car and there is no comparison to the 3 x 8 Ferrari's, both in looks and performance.

I am biased, but having driven/owned both cars, there really is little reason (to me) for the price difference.

The Ferrari 308 and 328 have design elements through out it's body as well as mechanicals that are hard to match out of the box.

As far as future prices, people who are interested in the best of these cars will be happy to grab one when there is upward movement in sales/price.

I felt this way about the 246 and other cars that have enjoyed the spotlight and continue to do so.

The owners on F-chat do keep their cars in remarkable shape and will be rewarded in both ownership and if they part with their car.

The big problem is if you still want a special car, what do you replace it with?

Porsche 904 or 906 would be nice$$$$$$$. Also, a Typo-33, forget about it!
Muria yes$$$$$$. But the choice is yours.

Stepping in to a C-2 would need to be a full re-do to be what it once was. Also a series 1 XK-E Jag roadster, and I spent many trips down to Carlsbad, Mexico and other great drives/adventures with friends who owned roadsters in the '60's. At 18 and 19 years old some of these memories can't be written about in public. They were great times.

So, the choice is yours as well as the potential buyers.

Bob.

 

In the next ten to twenty years I can see the glass 308 selling routinely for whatever the equivalent of $75,000 is today. $80,000 tops with the odd one breaking 100K on rare occasion.

The rest of the 308's - all of them - will flatten at $40,000, again in the dollar equivalent of that value today. They will never climb over it. I promise. I have been saying this for over 20 years and I haven't been wrong yet.

In fact a 308 QV hasn't even kept up with inflation over the past 15 years. I paid $34,500 for mine in 1997. That was a pretty good buy. I think the most expensive driver I looked at was $38,000 at the very most. That is $50,000 to $55,000 now. Sorry but a driver QV is not selling for anywhere near that.

In other words they have actually been falling in "value". They need to pass $60,000 just to be worth what they were 20 years ago.

Let's all get real

 

IMO the most important thing about these cars is that you have to own it because you like it. No matter how much it's Worth. I don't care if my 308 is only Worth $5000 on the market I still love it. And most people when they see it they think it is Worth a fortune because it's a Ferrari. We have to be proud owners. I never bought the car as an investment. I'm looking for a Testarossa and the same story will come again. I don't care I just want an Italian Icon.
I hope for those who want to make money that their value will rise and I'll also be happy but it really doesn't matter to me.

 

I hope the Doc is right, I bought my first F car to drive and enjoy and if it doubled in value tomorrow she would become a garage queen.

 

True but the 206 Dino does not really enter into the equation with only 150 cars built.

 

Okay Dr. You are on your ninth post already on this thread, and we get it 308/328 will never increase in value. Are you happy now!!!