456/550/575 price trajectory

Hello,
Just to further your comments, two years ago I purchased my 575M Maranello for CDN$75,000.00 plus tax. My insurance (Chubb) valued the car at that price and it was suggested to me through an FCA tech event that I appraise the car since the values have gone up (also due to the CDN dollar devaluing vs the American dollar). Two weeks ago I had it appraised and the result is they valued it at $150,000.00, and Chubb has now revalued its worth in case of a required replacement. This was great news for me. Having said that, if I were to go out on the open market and try to find an equivalent 575 I believe that I would find one at somewhere between CDN110,000.00 to CDN130,000.00, which still means its gone up significantly in the last few years. So, I do agree with your assessment for long term, how long, who knows, but for now its headed in the right direction. That may change with the economy of course, but in the long term I feel it will be worth quite a bit more. Just look what's happened to Testarossa values in the last few years, and they made 5 times the amount of those.
I was previously thinking of trading it for an F430 but now I feel that keeping it is the best idea (thanks to other member's comments here, particularly Terry).
One thing I can't understand, however, is why in Cavillino Magazine market listings at the end of their magazine, the value they put on the 575 has not changed at all in the last 2 years?
Clyde

 

Ferrari of LakeForest has a 10k mile car and they are asking $179,900. Haven't seen one that high thus far but seems reasonable..

 

Wonder why the Hagerty value guide is not tracking these cars at the value that the market suggests?

 

It is strange that the increasing market values of Ferrari's modern V12's are not reflected in these price guides. A few years ago it was said that these cars are unlikely to increase in value like Ferrari's of old, which though it may be true, those Ferrari's were made in far lower numbers and are reaching stratospheric values now, quite rightly. When one considers that modern Testarossas have tripled in value in the last few years, of which they made anywhere from 6000 to 10,000, I wonder why the same is not true of the 550 and 575, each of which were made in an approximate qty of 2000 (the 550 slightly higher). Certainly the 550 Barchetta and 575 SuperAmerica have soared in value, and though these were special editions of which only 499 of each where made, a qty of 2000 worldwide is not significant by any stretch of the imagination, especially considering that China is now a major consumer of Ferraris.

 

If anyone ever wonders if the price of modern era Ferrari will go eventually up, one only needs to buy an issue of Hemming Motor News and look up at the prices some cars are selling for.
I am talking about any kind of cars, American and otherwise, produced in very large numbers and far from being considered "exotics".
IMO as long as we maintain our cars properly and keep them original, it is not a matter of "IF" but just a matter of "WHEN".

 

Anyone else thinking the recent rise in 80/90 cars is speculative in nature and subject to correction?

 

Yes, I do.

 

Its hard to say, after all cars like the 308/328 and Testarossa are iconic, but I must say, even though I suspect they may be speculative and due for a correction, I hope not. I would prefer that pricing remain stable at the higher level which would also start to effect the newer Ferraris like the 456/550/575 and see a more significant rise in their prices as well.

 

Post OBDII will be an issue and I started this thead to discuss it
http://www.ferrarichat.com/forum/technical-q-sponsored-algar-ferrari/494402-future-car-servicing-diagnostics-enthusiast.html

The future of very hi tech cars may drive even more people to the days of cars with out snooping and Factory controlled systems. and drive up the price. so the 456/550/575. may be the end of an era.

 

I think predicting future values is always difficult as it is dependant on several variables.

What is a fact is this:

1. 456/456M/550/575M built numbers are low (although even low production numbers are no guarantee for appreciation...think of some Lancias)

2. 456s and especially 456M/550/575M have been disappearing from the market in Europe. I just checked again, and there is not a single interesting 456/M on autoscout24. The number of cars on offer is less than half of what it was 12 months ago. The same dynamic happened with the Maranellos, starting about 6-12 months earlier. The asking prices of cars on autoscout24 are roughly 20% higher than last year (for the 456/M) and up to 40% higher for the Maranellos. Asking prices are not sale prices, I know, and a rising tide lifts all boats, but still...it will be interesting to see what's happening in the next 12-24 months!

 

I am glad you said that, I have been keeping track of the 456s ( sorry for the bias) on the UK Classic car site and at present there is 5 cars for sale on their site and it was 12 only a month ago. I attribute that to the magazine coverage of late.

 

550 / 575 where too cheap for what they represent, especially any manual transmission car.

 

Hello Chris,

I agree 100 %

Meanwhile this morning i drove my F1 HGTC for a visit to my dealer and .... It generate lots of emotions ....

 

Dear Guys:

Timely topic for me:

http://www.ferrarichat.com/forum/ferraris/495568-ferrari-456gt-6-speed-v-12-a.html

Ferrari 456 GT | eBay

I took out a 7 day ad on ebay to test the waters.... and posted on the forum.

Have no idea what fair value is??? This is $30K less than other 6 speeds I found for sale....

Should I rescind immediately?

Some of you know me. I don't want to sell the car, but, to paraphrase what another F-chatter said, "Life doesn't always allow you to do what you want..."

Regards...Mark in Houston
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I am planning to sell my 456GT 1995 verde mugello/tan (looks the same as the one above) in Germany for roughly $60.000, there is no sales tax on used cars. The milage is 25.000, I bought it in the US last year, shipped it to Germany and changed some minor things for the German technical inspection (Headlights, rear fog lights). I changed the tires (need to be certified for the top-speed in Germany) and the instruments to metric. All US-parts available.

Looks like the price is not far off the market.

Bjoern

 

Hello
What happen to your gearbox ??

Regards phil

 

Phil:

Good question... I think, (I didn't own it yet), it popped out of gear a couple of times and Fast Cars made a diagnose of Pinion Bearing, IIRC. However, they replaced everything....

Regards... Mark
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I was looking at another car this guy had for sale and checked out his 456 , needs engine installed but looked nice otherwise

1999 Ferrari 456GT/M, 6-speed, 30k miles, Silver / Black

 

Price seems high for a project. I believe this guy's motor was resurrected at my machinist's shop.

 

Projects, always dangerous esp with Ferraris. Missing parts can financially bankrupt you. Why was it not simply finished after getting thus far. Still not a bad offer certainly good for the experienced DIY'er.