I keep blabbering to anyone who listens that the 348/355 cars will be priced higher than the360s within the next 5 years. I sense that, much like the 308/328, the 348/355 owners will want to keep their car longterm upon realizing how rare/valuable they are compared to the new generation Ferraris like the 360 (which I love but it's the first real production car and they made/sold lots of them) I feel the "novelty" of the 360 is wearing off which seems to happen to every model 10-15 years after they are introduced until they pick up again once the cars become 20-25 years old. Based on that, I am figuring the 360 is on the way down and the 348/355 on the way up. Because of the large amount of 360s, I predict the fall will be more dramatic than the 348/355 down cycle. Maybe I'm nuts but this is what my gut is telling me Just for fun, there are 59 360s on sale on eBay right now, only 9 of them are asking over 100k There are only 4 348s and 19 355s (many 355s are asking 60-70k) I feel the gap with the 360 is getting narrower by the day.... toughts?
I have been watching the market for those models for the past two years. It appears that asking prices have gone up for all three models over the past six months, but they don't appear to be selling at the higher prices unless the car is outstanding. It does appear that there is now some overlap between 355 and 360 prices. I can see nice 355s typically selling for more than average 360s in the next few years. I don't see 348s selling for more than 360s.
355s are already commanding higher prices than 360s in Great Britain. It will be interesting to see if this translates to North America. I think that the 355 vs. 360 values will be similar to the Porsche 993 vs. 996 valuation, but only time will tell. Until then, I will just keep enjoying my 1995 F355 Berlinetta.
I must be psychic!! See the thread I started 7 years ago: http://www.ferrarichat.com/forum/348-355-sponsored-bradan/157787-355-next-993-a.html
355 yes, the 348 no.....the reputation of the 348 will keep it down The 355 has the iconic stature to easily eclipse the 360.....maybe not the 430
I think all around the 355 is a better looking car. Every time I see the inside of a 360 the dash and vents remind me of a Mitsubishi.
None of the v8's are low production, 355's aren't much rarer than 360's so that won't really play into it. I don't think you'll see 355's exceed 360's for minimum 15 years, if ever. It'll be that long before they're considered a classic and collectible, right now they're just an older Ferrari and one model older than the 360. That said, In a recent poll on fchat it was the runaway favorite v8 model, which I think bodes well for it's future value. Only thing is, that future value is still pretty far in the future. It took the Dino 30 years to really move and overtake 308's, I think that's best case scenario for the 355. I do think we've seen the low point in values for them, I highly doubt you'll see any no stories cars that don't need a bunch of work under $40k again like you could sniff out a couple of years ago. Certainly not a good investment, but if you want one it'd be foolish to wait much longer.
Seen some 360's priced lower then 355's here in the South Bay Not similar condition but the scales have definitely tipped Here just did a quick CG look see 60k spider http://inlandempire.craigslist.org/cto/4429690155.html 65K coupe https://losangeles.craigslist.org/sfv/cto/4471757657.html
I'm digging that white 360B. With a couple of $k bringing that back to stock, it would be very sharp and very rare.
Well, production numbers of the 360 is almost double the 355 and the 360 is when Ferrari became more of a marketing machine so a number of playboys got their hands on one at the time because of the hype and they're now unloading them because they want to update their toy, not because they are truly passionate about Ferraris. Pete let's take a bet right here right now. I say 5 years, you say 15. How about we go with an over/under 7.5 years so that will take us to November 2020.
Ferrari 360: __Modena:..8,800 units __Spider:....7,565 units =============== __Total:.....16,365 units Ferrari 355: __Berlinetta:...4,871 __ GTS...........3,717 __Spider:........2,577 ============= __Total..........11,165 Not quite double.
If you look closely, prices on top quality 348s (when they are even offered) are starting to creep up...
11k 355s vs 16k 360's isn't close to double, both not what anyone would consider rare. I'll take the bet and we can push it to ten years if you want, loser buys a meal at the Canadian GP? Median and average car price on cars.com (or other non-auction site) have to both be on one side or the other or it's a tie.
The 355 doesn't have a reputation? Granted, it was loved when it came out, but now it has garnered a bit of flack for potentially having some pretty expensive issues. Sure, not everyone experiences those problems, but not everyone thinks the 348 is a dog, either, so I'd call it a wash. Not to mention, I can't imagine a worse reputation than what was slapped upon the Dino at first -- "Not a Ferrari" is pretty harsh...and look where they are now. Anyway, at the end of the day, you may be right. I'm really not being defensive. I like 348s, 355s, 328s, 360s, TRs, Mondials, all of 'em, BUT I don't think any modern Ferrari made in quantities of more than a few thousand will ever become a Dino-like $300K + car. Maybe once the really doggy ones hit the scrap pile or continue to be offered for sale alongside nicer examples we'll see an uptick similar to that of the Boxer. I think we should all just be glad that we are able to have some fairly stable assets that are a hell of a lot of fun! That said, I do think there is potential for 3X8's to exceed the values of 360s. One reason why I have resisted the temptation to investigate owning one. Lately, though, I'm starting to care less and less!
In Australia the prices are fairly similar between the 2. However a really good 355 would probably get a premium over a similar condition 360 IMO. 348's are still 20% cheaper at least
I never say never... But I doubt that it will personally. I was surprised when one of the 20 something mechanics at the shop I bring my car said the 355 was his favorite and one day he'd like to own one. I shot him a look and said something to the extent of "sounds expensive".. He responded with "I'm a mechanic". Personal preference doesn't change cost of ownership and the engine out, like it or not, is going to suppress pricing. At least in this country. It seems that with the 246, its the ferrari that an entire generation of men have fallen in love with and coveted as children... Who now can afford to buy it and want it. Otoh I gave a ride to a young guy last sat that said the 360 body style was his favorite. Who knows. Be careful with pricing. It's easy to cherry pick to prove a point. I'd use average sales prices. Personally I don't understand why 348s are so affordable. I don't mind as long as they stay that way until I have one.
This has been the case for a few years now. Quite a few 355s command more, others the same price. Although top end 360s a little more compared to top end 355s. This talk about 5. & 15 years only applies to North America. How are the two country's so different.
You must add 1288 Challenge Stradale cars which are 360s so that brings it up to close to 18k. Still not double but closer.
Ok, deal but keep it at 7 years Since we may not even have our canadian GP in 2020 (who knows?) Even if, in some countries, the 355 has already surpassed the 360, it's obvious that in general worldwide the 360 is still a more expensive car. Pete if you're around for the GP this year, we're doing a fabulous dinner event on the saturday night. Why don't you join us?
Per Wiki: "There were 8,800 Modenas and 7,565 Spiders produced" (total of 16365) I think that's 50% more than the 355. EDIT: I did not see Waton's post before posting this.
Still both over 10k cars, the 355 is not rare enough for that to be much of a factor. 308 GT4's are much much more rare but theyr'e not worth more than the much higher production 308.
This flies in the face of Boxer values. They're even higher maintenance than the 355 and require an engine out as well, but the values are sky rocketing right now. At a certain point, the maintenance isn't really a factor, but as I said we're a solid 15 years away from that imo.
