I didn't predict the run up in prices in Fiat Dino's but last summer I got a chance to see a spyder first hand and it is a very pretty car so it doesn't surprise me that they have increased in value. It really doesn't. Looks counts for a lot in classic car values and Fiat Dino's look really good (Pininfarina golden years). Now as far as 308/328, I've been predicting a run up in values for many years now. I predicted they would first pass 355 in value and then 360 in value. But now I am wondering how far they will go. I am predicting they will settle around $90k-$100k but we see they have already passed that in Europe so maybe that prediction is already incorrect. -F
What price would make you tempted to unload? (Honest question, I'm just trying to gauge what people are feeling right now.) For me it's around $200k but that's unrealistic at this time. -F
I thought the same thing when Porsche 356s were going up, but when push came to shove I realized that it was irreplaceable (except with another 356...) No need or desire to cash out. I suspect it's going to be the same with QVs for many owners. I just got my new-to-me US-spec QV back from the dealer, and I had forgotten the unique experience you get in a 308/328. There were appealing Ferraris made later, but none of them convey that tucked-in feeling, and none of them merge the exterior and interior design the same way. You can follow the fender line along the interior door top... The 308/328 is one of very few cars I've been in where the sculptural effect isn't lost when you slip into the driver's seat. (The Countach is another, but the interior is rubbish compared to the 308.) Seriously, 246s are beautiful cars, but there are aspects of the 308 that I think are better executed. I specifically chose a 308 over many newer Ferraris that were within budget, and I'm guessing others will do the same as the new cars continue to lose the script.
As to the question in the thread title, this is the clearest evidence so far that the answer is very much a YES. I cannot get my head around that price at all. Almost $32,000 for a burnt out wreck of a common model with a ton of parts missing and the wrong engine (presumably because it burnt once before) ... shakes head ...
Could be the very first Ferrari he bought, and he wants it back. Or his fathers first. Or it was owned by someone famous. Or it may have a Michelotto chassis underneath. Armchair buyers dont know the the full story at these instances... if ever.
I definitely do not think it is a bubble, and here is why. I know I am in the minority, maybe I am the only one, who feels this way, but my 308 GTB and my 328 GTB ARE my dream cars. I can honestly say that there is not another Ferrari, older or newer, or any other car, that I would rather own. So I would never sell them to buy something else. The only way I would ever sell them was if I needed money for some emergency. I think a lot of people my age, I'm 46, that think the same way I do. Therefore, I see a future where demand continues to rise for the 308/328, and the supply dwindles as more people my age, and with my attitude, buy and keep these cars. I actually think these cars are still undervalued, no where close to a bubble.
I do agree about the dream car element. I considered the trade across for a 458 if prices crossed, however as beautiful as the 458 is, I felt I would be giving up a car that is hard to duplicate on a number of levels. Car designs will not be going back to the 328 or 308, they are a point in time and drive beautifully. Something that is not on anyones drawing boards. I don't think I'll be selling, period. If I had unlimited funds of course I would expand the stable but that is another matter I don't have to be too concerned about.
One reason I don't think this is a bubble is because I am starting to see an occasional 308/328 starting to make it back into Ferrari Dealerships under preowned vehicles. A few years ago I don't think you would have see that, at least in Southern Calif
I think that most will come to realise that the 'analogue' earlier Ferrari's are the ones to own. I can't imagine trying to source one of 200 different computers on a 458 Italia 30 years from now. Who will manufacture the multitude of obscure and fiddly computer modules that the car would require....never mind the thousands of unique computer modules for all the other new generation cars that use them. They will become beautiful paperweights.
That just means that Ferrari dealers have begun to view 308/328s as vehicles that their affluent clientele would be interested in. I wouldn't equate an upswing in prices with a bubble. A few years ago, 308/328s were just used cars (and a few decades ago Daytonas were also just used cars.) It feels like 308s have made the leap from "used car" to "emerging classic." Personally, I'm excited to see it, because it means these cars will get the maintenance and preservation they deserve. +308 And that goes for most European sports cars.
True, I can't even fathom trying to keep a 2015 Merc S-Class on the road in 2035... or in 2019 when the warranty is done, for that matter.
I think were saying the same thing. Having 308/328 reintroduced into the Ferrari dealerships points toward it NOT being a bubble
Having sold mine just before prices started to rise and very much wanting one again, I am hoping it's a bubble but I fear the long-awaited rise in values may be real. Sigh...
There is a purity of line, and a certain elegance of simplicity to the 206/246/308/328 cars that later models have foregone in favor of sculptural "updating" that by its nature will soon become very, very dated. Of course regarding the 308 and 328 cars, their very modest pricing- by most current Ferrari standards- itself constitutes a renewed interest in Ferrari ownership, not the least due to their reputation of being particularly dependable cars, at least by Ferrari standards. Of course earlier Ferraris- front engined 12 cylinder cars- have their own cachet but the really appealing ones have gone into the upper regions of the atmosphere, pricewise, while the "Dino" series (including the 308/328) are still available at fairly modest prices, though frequently in need of deferred maintenance issues. If you look around you can still obtain one (not meaning the 206/246 of course) for the price of a loaded new Prius! Consider also that since many owners of these cars won't be piling on the miles, annual maintenance costs can beheld to a minimum. After all even $5000+ for a major service on a 308/328 once every 5 years or so is still only $1000+ per year. Not only that, but insurance on a 308 or 328 will be less than that for a new Prius or whatever. The insurance companies are well aware that most of these cars have the status and nearly obsessive protection of their owners' firstborn... figuratively speaking. I think. Overall the resurgence of popularity of these 30 year old (give or take) cars will mean they will not only hold their values, but will most likely see prices continue to rise. So I really don't see increasing prices as a bubble- at all! Eventually the coming practicality and market domination of hybrids and electric cars- by all automakers, spurred on by increasingly tightened government regulations and control- will relegate these gasoline powered cars to collections or museums, or even only allowed to be used on public roads in special circumstances...if at all. So my thought is- enjoy them while you can, my friends! If you don't have one- get one, now! That's my plan anyway. Cheers, Rich 328 GTS
I was at a Porsche social last night at the Ferrari dealership (no kidding and one of the best shindigs of the year!). They had all manner or 458, California, etc. All very beautiful, but they seem a bit like owning a tiger as a pet. It is going to eat the furniture, poop all over the place and then kill me. I'm happier with my kitty that I don't have to keep an eye open all night to see if it is about to pounce Franny
I own 3 different vintage ferraris. I pay on the average $161\year canadian for insurance per car. I am placing my money on the 308 gtb usd noncats as the next 246 Dino's. Next up is the 308gt4. Plain and simple of $ to % return.
