Oh goodness: Prices have gone up!

I recently posted about a couple of inquires from auction houses regarding my interest in selling my 308. That was the first time in 33 years anyone from "out of the blue" ever approached me to sell. It made me stop to think about the real reason the prices are starting to rise. Quality, honestly documented, well cared for 308's are becoming hard to find. At least this is what I am hearing from the people I know in the exotic car circles in my area. Granted, right now I could probably get what I origionally paid for my car back in 1981, but realized that there really is nothing that could replace what this car gives me in the way of a real hands on driving experience. That's my 2 cents take it for what its worth.

 

308s are worth three times the market level! Lost

 

easy said, but in fact i agree. Looking at other brands ( porsche, jaguar, etc) the 308/328 are truly underprized for what they offer. Compared to others, 100K should be regarded as pretty normal.

 

this time next year.

 

oh..one more thing...be careful for what you ask. When the values of hobby cars rise into the investment league the enjoyment of said car drops considerably. I have 2 old Porsches that have gone from fun cars to 'investments'.

 

you are right sir! personally i'm happy that these cars are starting to finally e valued for what they are. But as an owner I do have stong mixed feelings. Wil I enjoy driving them as much as i do now? Will Itake the 328 for a 4 day 3000km drive to the Alps like last summer just for fun the same way as I do now? I wonder..

High pricing is indeed nice from an investment angle, but i'm not, i'm just an ordinary guy with a passion for the model.

 

I use same argument with the E-Type - half the E-Types made compared to the mid-year ('63-'67) Corvette production, and until recently, the E-Type was valued lower.

Production has some correlation with collectibility, but it's not always an indicator.

 

I agree totally! I used to drive my E-Type EVERYWHERE. Then I nicked the side of my garage at the same time the values started going up...so now it's sitting

Partial blame to my 308, which is imminently more fun to drive.

 

84,995 pounds????!!! That's $137,400 for an '85 QV!!!

Anyone in the UK looking for a nice '84 QV, I have one..NOT cheap

 

It's 10 grand more than their 599 GTB!!!

 

Augustine, I would consider....begrudgingly selling you back your old 87 for 70K. Today only!

 

There really is no reason not to believe that the prices on 308/ 328s won't be on par with the European pricing soon. Like I stated elsewhere, that was the pattern for Porsches.

About 2 years ago the mid-year 911s were rapidly appreciating in Europe. In the US the mid-years were labeled as 'undesirable'. The US pricing now is on par with Europe and everyone has forgotten that the mid-years were 'undesirable'.

I am sure the US 'collector car' dealers are already wise to this expected trend and are buying now. Auction houses will start hyping the cars and then....we will start seeing high end restoration shops who specialize in 3x8s double their restoration costs. A full restoration on a 3x8 will be considered a 'deal' at $150k.

 

How is she?

 

Totally rock solid.
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That's great to hear!

 

Part of the explanation in the difference in pricing between Europe and the USA is, from prices I have seen quoted on this forum for service and parts, the cost of ownwership is much higher in the USA than Europe, which might keep demand down.

But as the cars appreciate into collector status this becomes less of a factor. So USA prices might accelerate towards European pricing.

 

I noticed that. I'm certainly no fan of the 599, but I nearly spilled my coffee over that one.

 

Look at 246 and Daytona prices. If you want a classic Ferrari, what are your options?

I think there's now widespread appreciation that the 308/328 and Boxer were the last gasp of Ferrari under Enzo's watch, and before electronics came on in a big way.

 

i told this already in an other thread
the 308-328 are GOOD, beautiful, nice handling classic ferrari and you can drive one and service one without spending a fortune.
very analog classic car with no driving aids, almost no electronic, etc...
i got a steel carbed beacuse i wanted the oldest possible without spending too much (vetro was already too expensive to me).

i got one few months ago because i felt waiting 1 year it would cost me more to buy one
looked like i could already sell my car for 10.000 euro more than i paid....i do not care much
drove it yesterday and it is A LOT of fun to drive and beautiful to look at
one of best car for the buck at 50.000 euro imo

 

I agree with Emilio - great classic car that may have been "secret" too long.

Like many here, I've driven a variety of classics and exotics. I'm no expert, I just know what I like. The 308 experience, for me, ranks right up there with just about every car I've driven...I already mentioned it's supplanted my '66 E-Type (which is a different experience altogether, but you get the point).

Personally couldn't care less if they go up / down in value, that's not why I purchased. However, I can totally understand if they DO go up in value - simply not too many cars I have enjoyed more than my '84 308.

I believe the 206/246 analogy is apropos.

 

Like many, I too share this puzzlement. Jags, Porsches, Corvettes: all mass produced cars. Yes, the 308 was Ferrari's first "mass produced" car, it was mass produced by Ferrari's standards, which was 1,600 cars per year. Tesla -- a small start-up manufacturer -- is already up to 1,000 units per week (50,000 cars per year).

Post #10 in the following gives a rough estimate of how many of each type of 3x8s were built each year. http://www.ferrarichat.com/forum/308-328/446306-3x8-production-numbers-year-manufacture.html

 

The question is, at what point will it become a liability to regularly take our cars on the road. Also, how will all of this effect what we pay for insurance, and routine maintance, let alone parts?

 

To me it honestly makes no difference. I always wanted this car and I bought it with zero regard for future value or collectibility. Regardless of what it may be worth in the future, I am going to drive it as much if not more than I do now. Life is just too short and uncertain.

 

We are absolutely on the same page! What I posted was just a passing thought.

 

Gotcha!

Plus, how could they possibly charge us more for parts??? It's already robbery!