360 Price Analysis (June 2013)

Why in your opinion are the prices up from several months ago? Is it just a question of the summer buying season or something else?

Great analysis btw.

Thanks.

 

Thanks MXZ! Appreciate you sharing this data. Makes me feel really good about the numbers / mileage of my recent purchase.

 

360 coupe prices: The top cars (most desirable colors/options, late model year, excellent condition, documented good history, low miles, serviced, all the goodies, etc. etc. etc.) are selling in the low $90K range. Cars are available to buy as low as in the low $60K range, but they are a long way from the top cars (high miles, early model years, paint work, undesirable modifications, missing stuff, need servicing, etc.). Unless you do the work yourself (and maybe not even then), you cannot buy a $60K car and transform it into a $90K equivalent car for $30K. In fact, this would be essentially impossible.

That old adage applies: buy the best car possible - it is the better deal in the long run.

360 Spyders: The top cars are selling for about $105K. Reasonable cars are selling for about $75 - 80K. Same story as above.

A note: Over time, there will be fewer and fewer top level cars (no 360 restorations in progress that I know of) and more and more 'used' level cars. Supply an demand dictates that this fact will make the price spread between the two levels of cars increase over time.

Anothe note: Over time, the definition of low miles will also change. While today low miles my be 10,000 or less, 5 years from now that may be 20,000 or less. 20 years from now a car with only 5,ooo miles may command a premium, but only because it will be so rare. Such a car will only be suitable for a museum, as it would be costly to get it into drivable condition and driving it to any extent would immediatley reduce its inflated value.

 

Where are you getting this pricing data from?

 

Are these actual sale prices? My 355 was listed on the dealer's web site but there was no way you'd be able to find the actual sale price from it.

 

MXZ, I just have to say...You give good chart! These are perfect for what you are showing. I love the data, thanks for sharing.

After admiring your work again I see that 2005 shows only 5 Modenas and 10 spiders. I was under the impression that all 2005 models were paddle shift spiders. Is this wrong? I am not sure where I got that info.

 

I'm pretty sure this is "asking price" data. You would have to assume the actual sales prices are lower, but that's too broad to assume any conclusions.

 

Ok, so just to confirm -- these are asking prices...

Makes sense since the actual sale price(s) are rarely if ever known...

 

This is accurate data as I have many friends in the business of selling exotics and the 360 and Spider are gaining in price because of what them down in the first place, the Stock Market. The S&P and Nasdaq are at record highs.

The dollar is expected to rise 10% over the next year....not that the exotic car market will skyrocket by any means but merely ajusted, just as it ajusted accordingly when stocks plummeted.

A good clean car with no stories will always command a bit more than one without full records or storied with accidents.

Per what you were saying Dan yes, they're asking prices...just like I had an asking price then reduced it to what I will sell my F360 Spider for. Again, clean all records with no stories.

 

That's great info .... What would be generally the case of Euro model ?

 

Nice analysis! Perhaps on ebay, though it will be far and few between, perhaps consider plotting completed transactions on the graph in a darker color.. ? I like how after 20k miles there is less correlation with mileage.

 

Thanks, this is what I was wondering also

 

make me feel so much better about my yesterday purchase of my 2001 F360 spider
Thanks for sharing !

 

Ed which one did you get, was it out of TX?

 

Just for reference... the sale price on my 355 was about 12% under asking.

 

This is great info...Thanks MXZ!!

 

Thanks for the info. Would love to see one for the 430.

 

+1. That's what I did for about 11 months prior to buying my 360. Well done. Thanks for this free service you're providing to your colleagues.

 

Asking prices are not the same as selling prices. What you're tracking appears to be asking prices, which will go up and down depending on many factors, including the state of the economy, how many similar cars there are out there for sale, and winter vs summer pricing. Selling prices would vary greatly between official dealer sales and individual owner sales. More cars being traded in for newer cars will inflate the general price across the board. So, to be honest, you need to check the inventory levels at dealers and see if they are rising, flat, or declining in relationship to your chart.

The bottom line is, I believe 360 prices are flat or slowly sinking by age or mileage factors. The reason I say this is there appears to be a steady depreciation of F430's which will put more pressure on 360's to fall as the two cars fight with one another in the market.

If you compared F430's to 360's and saw the same rising trends, you might have something. But, I feel you won't -- which means 360's will have to fall if F430's fall. I can't see any point in the near or even distant future where an apples to apples 360 would be worth more than a F430.

 

I would say 360s have held steady or appreciated a bit in the last year while 430s have depreciated.

I agree there will always be a separation between 360s and 430s. However, i think it can narrow from where it is now. Currently it is somewhere in the 40k range and is shrinking. I don't know where it will settle, but I doubt the spread will get as low as 20k.

I wouldn't be surprised if 360s stay roughly where they are and 430s slowly depreciate another 10k or so over the next few years and then stabilize.

 

I think 360 prices will hold simply because the of the floor held by the 355 and 348. When I bought my 360 6 years ago, they were 125k for a nice car, and there was a large gap between 355 and 360. The going chatter was that they would hold price, and you can see where they are today. I hope my car holds, but my feelings won't be hurt if it continues to depreciate. It is a used car.... The 458 is a much more expensive car, but the 430 seems like it had bigger premiums going than the 458 does now..... I would be curious to see your 430 analysis.

I've thought of going to a 430, but I'm still leary of the expensive parts associated. I thought this could be alleviated by finding a 6 speed, but I learned that the 6 speed still has one of the pumps that fails in the F1; only it runs just the Ediff, and not the F1....