I personally think that's great. No ridicule here. Looking at that site out if Germany and the comment on it , it doesn't appear that wsy there , although the asking prices are impressive. I would think in your market and the UK Steve, the relative rarity of RHD to LHD has a role in the current heated demand. It's always supply and demand isn't it?
I use that site to check out the Detomaso market especially the later models. Prices for these cars are more expensive in Europe than the US. Looks like the same for the F355 as well.
There may be an element of relative rarity. All Ferraris are relatively "rare" in rhd, but not all models are experiencing the same surge that 355s are. It will no doubt settle down (I'm certainly not saying the 355 is the next Dino!), but it is telling that in the UK people really appreciate these cars - they are not constantly being derided as ticking time bombs with potential new owners being scared off as a result. And, generally, the cars which are most sought after and demanding the highest prices are those with good history and proper maintenance. That is not a coincidence, IMO.
Prices on the German site do seem a little higher but there is a broad range as well if you look through all the adds.
I think market wise you can't compare UK with mainland Europe! The best example was the 360 Challenge Stradale a few month ago! There was no supply in UK and they were standing at the dealers in Europe... There is one thing I must add, you guys in the UK know how to specc your cars when ordering them! You don't find one example on mobile with cream seats and red carpet, that's a tiypical english combination and imho it accelerates the sale (at least in UK). The same for the 360CS the best specced cars were from UK! And I think the cars are better looked after!
Guys, I don't sit around spending a lot of time forecasting future 355 prices, but here is one final view from the cheap seats..... I don't think 360 prices are going to "push down" 355 prices. Rather, I visualize a Ferrari tidal wave that has been rolling along and lifting the prices of all those Ferraris it hits. We all clearly see and understand what this tidal wave did to the most desirable Enzo-era Ferraris over the past 3 years or so. More recently, the tidal wave impacted the prices of some of the less collectible Enzo-era cars (330GT2+2, 365GTC/4, 512BB, etc). Even the Daytonas and Dinos, which lagged the 330GTC's and Lussos, have recently spiked in price. I personally think the next Ferraris that this appreciation tidal wave will hit are the 550 Maranello and the 355. Indeed, many are arguing that the wave is currently hitting 308's, which apparently have almost doubled in price while I blinked. If a great no-stories 308 is nearing six figures, then I think this pricing will be pushing up the 355's, rather than the 360 prices holding things down. I tend to look at things from a relative value perspective. If the 365GTC/4 that I just sold is a $300K car, then 355's are undervalued in my opinion. Granted a tiny bit of an apples to oranges comparison, but relevant to the buyers who just want a Ferrari. Just my 2 cents. Fire away!!!
I just said this to a fellow Fchatter the other day. 355's and 550's are next......to what extent who knows.
correct me if i´m wrong - Uk market must be limited (read higher price) because they have the steeringwheel on the "wrong" side... harder to find = higher price.
Great question but I bet you would find many unregistered sitting in garages, not used. Fchat members only make up for a very small % of the number of 355's that have been built.
The cars of one little country don't appear on mobile.de: Switzerland Auto Occasion Schweiz, Autos kaufen, verkaufen - AutoScout24 740 Ferraris are looking for new owners (47 F355) in Switzerland. In Germany: 1200 (64 F355). Germany has roughly 80 million inhabitants, Switzerland 8 Million. Switzerland is Ferrari-land. (however, ask ross how is driving in Switzerland. btw. Is he still in jail?)
I don't remember where I read this but at one time I had heard that there were approx. 2400 fuel line recalls done by FOA. This would be a good indication of active units IMO.
That's right, prices here for most models up to and including 355s have escalated in value recently. On the UK Autotrader there are only 3 right hand drive 348s for sale. Left hand drive are cheaper for obvious reasons in a right hand drive market. They are increasing too as long as the 355 does. Good 308 and 328s have over doubled or more in the last 3 years. Better than money in the bank! Like property, the prices are relative, they all follow. After I bought my 1993 348ts in July this year, the specialist Ferrari dealer offered me a profit on my car on a sale or return basis. I only had it for a month. There are just none around and of course red is always easier to sell, well at least here in the UK. It's an interesting time for our cars and maybe things will change if interest rates rise? Gentlemen, let's enjoy them while we can and are fortunate to do so
Here is the report on the fuel line recall campaign. Approx. 2400 notices were sent out and as of the date of this report 13xx or so were done. I have no idea if this is reflective of the total number of 355s in the US but it seems to me to be so. Image Unavailable, Please Login
Early 1995 cars were not part of the fuel block recall so a bunch won't show up there.. And, some folks still have not had the recall performed.
The data point is not the number that have been done. As I said above: That document shows that a total of 2356 notices were sent out, 1312 recalls were performed as of the date of that document which is 12/31/2012. Here is a copy from the recall notice: 1. Manufacturer’s Name and Address. The fabricating manufacturer (see 49 CFR § 573.6(c)(1)) is Ferrari SpA. The designated entity pursuant to 49 U.S.C. § 30164(a), which also is making this report, is: Ferrari North America, Inc. 250 Sylvan Avenue Englewood Cliffs, N.J. 07632 2. Vehicles Involved in this Notification. The affected vehicles consist of Model Years 1995, 1996, 1997, 1998, and 1999 Ferrari 355 and 355 F1 vehicles in the VIN range: ZFFPR42A9S0101818 to ZFFXR48A1X0117039. (Assembly number 19318 to Assembly number 33972) 09V-447 (3 Pages) 2 3. Total Number of Vehicles Potentially Containing the Defect. The total population of potentially affected Model Year 1995 - 1999 Ferrari 355 and 355 F1 vehicles not in FNA’s custody and control is approximately 2,356 vehicles. 4. Approximate Percentage of Vehicles Estimated to Contain the Defect. FNA believes that all 2,356 vehicles in the defined population contain the defect. If you do the math on the build numbers it encompasses a total of 14654 units. They FNA sent out a total of 2356 recalls (US and Canada). I think this represents close to the total number of 355s in the US and Canada as of the date of the recall campaign which was 2009.
Bob, All I'm trying to tell you is that there are 95's that don't need the recall and therefore, no notice would have been sent regarding those cars.
Dave, all I am trying to tell you is that that the recall campaign involved a total of 2356 355s in FNA territory for model years 1995-1999 as per that quote. I don't know about any 1995s being excluded as it doesn't say any were but the build numbers are itemized. If there were any 1995s excluded from that recall it would be a small number and would not greatly affect the point of my post and that is it appears as if there are close to only 2400 355s in North America.
Yes Bob, I get it. But, I know for a fact that early 95's did not need that recall. Check it out if you don't believe me.
I never disputed that. Read my posts. This was in response to Erics post about checking DMV records for registered cars. I believe this is as close to an accounting of FNA total number of 355s as you are going to find. If the total 2356 and it includes part of 1995-1999, then that is approx. 500 per MY. So even if some 1995s aren't in there , the total excluded would be in the few hundred at best so the grand total is still not far from 2500.
Not saying I don't believe you, but it's hard to believe that out of 11K cars, only 25% are in the US... I would have thought the US would have made up the bulk of the market.
I was just trying to get a idea of how many F355's are in the U.S, and how many of those have not been totaled or parted out. I thought this might give us a clear idea about how rare these cars really are.
