Investment Predictions | FerrariChat

Investment Predictions

Discussion in 'Ferrari Discussion (not model specific)' started by Shmichael, Feb 20, 2024.

This site may earn a commission from merchant affiliate links, including eBay, Amazon, Skimlinks, and others.

  1. Shmichael

    Shmichael Karting

    Sep 23, 2022
    53
    Orange CT
    Full Name:
    Sean-Michael
    Let me start by saying that I know I am asking for best guesses. I want learned advice and opinions -- not guarantees.

    If you had to predict which recent Ferrari models would appreciate in value over the next five years, which would you choose? What years, models, options, and colors do you think are most likely to increase in value? Are there any that fit this bill?

    Thanks in advance for considering it!
     
  2. mkraft3003

    mkraft3003 Formula 3
    Silver Subscribed

    Aug 20, 2016
    2,334
    Tampa, Fl
    That’s easy, Any VS or limited/numbered cars. Anything else is speculation.
     
    Shmichael likes this.
  3. LVP488

    LVP488 F1 Veteran

    Jan 21, 2017
    5,565
    France
    There is another strong advice by many owners: the car they own (specially if it's a 458 :p ), no matter what.
     
  4. willcrook

    willcrook Formula 3

    Feb 3, 2009
    2,485
    UK
    depends what you mean by recent, nothing since the 812c will appreciate imo and I even think the 296 VS won't appreciate - (pista's below list in the uk atm), the market and peoples buying decisions is different now
     
    Shmichael likes this.
  5. Shmichael

    Shmichael Karting

    Sep 23, 2022
    53
    Orange CT
    Full Name:
    Sean-Michael
    Ha! This is part of the argument I used to convince my wife to get our current car; and your collective answers may earn me permission to buy our next!
     
    nicolaprince likes this.
  6. Shmichael

    Shmichael Karting

    Sep 23, 2022
    53
    Orange CT
    Full Name:
    Sean-Michael
    This is a very fair question. My goal is to avoid suggestions to buy the 1958 Testa Rosa on Sotheby's right now, or just pick up an F50 from the mid-90s. Looking for advice on models since 2000 that we think will at least hold their value.
     
  7. mkraft3003

    mkraft3003 Formula 3
    Silver Subscribed

    Aug 20, 2016
    2,334
    Tampa, Fl
    If your looking to buy a depreciating asset as an “investment” you might want to seek advice from an investment broker. Cars are not investments.

    Occasionally one can make money from a car purchase but typically they are meant to be driven and they depreciate.
     
  8. Shark01

    Shark01 F1 Veteran

    Jun 25, 2005
    6,275
    Regular production cars (458, 488, F8, 812, etc) will NOT be long term collectibles (using a metric of MSRP + inflation over time). They make too damn many….and 40+ years of data backs this up.

    Track specials are marginal. They make a lot more of these now (Speciale, Pista) than they used to (Challenge Stradale, and even that still hasn’t met the basic metric).

    So what you are left with are truly special halo cars (Enzo, 599 GTO, LaFerrari, Speciale Aperta)….THESE are blue chip collectibles.
     
  9. LVP488

    LVP488 F1 Veteran

    Jan 21, 2017
    5,565
    France
    Maybe cars that are relatively under the radar now, like the F430 or 575 F1, could be better bets than those already subject to speculative operations (because for the latter, a market downturn could be painful).
     
    Shmichael likes this.
  10. Ferrari 308 GTB

    Ferrari 308 GTB F1 Veteran

    Feb 21, 2015
    7,992
    Tropical
    F430 Spider Manual
    550 Maranello
    612 Scaglietti Manual
     
    Shmichael likes this.
  11. Ffre92

    Ffre92 Formula Junior

    May 26, 2014
    676
    NY
    Any regular ferrari from 2000 until 2010 has fully depreciated and will hold value. Even if they drop further it won’t be by a huge amount. Still a poor investment because it will cost a pretty penny to keep them in good running order long term. However the enjoyment is priceless!
     
    D-Gunz, Demigod555, 066/8 and 3 others like this.
  12. rob lay

    rob lay Administrator
    Staff Member Admin Miami 2018 Owner Social Subscribed

    Dec 1, 2000
    63,040
    Southlake, TX
    Full Name:
    Rob Lay
    I think the overall market moves together and who knows if it goes higher from here, stable, back to prepandemic lows, or sets new lows. Wherever the overall market goes, then 90% of the models will flow together. Those 90% of Ferraris are all in relation to each other value wise whether higher or lower.

    The 10% is leaving room for some special editions or maybe an under-appreciated model that gets hot.

    As said, I don't think any of them can be looked at as an investment. Even if they are stable or go a little higher, then the maintenance will cancel out any real appreciation. For the small probability we have another inflation event or economic boom, then the value of our dollar won't be as high and there will be other investments that would have been a better use of your money.

    All of that said, some areas I would try to outsmart the market, but I think mostly long shots.
    • At some point in age (15-30 years) the margin between the rough high miles and perfect low miles cars expands significantly ($60k-$250k 328's). You can try to get ahead of it with models that are still tighter in range and pick up a perfect low mile.
    • The last of the NA's. I think the Speciale and last of the NA V12's might never explode in value, but they'll always have a big fan base.
    • The truly truly special editions, like Icona series, supercars, Speciale A, maybe TdF, 812 C.
    • Challenge cars usually sell below the street editions, but that might mean upside if more buyers realize the value, race history, track car, and will beat all the street models for attention and awards at the local car show.
    • 550 Barchetta and 575 Superamerica have upside based on market a few years ago and if they get more respect as precursors to the GTO, TdF, and C.
    My opinion some models that others might put on their investment list, but I disagree.
    • factory manuals, I would agree 100% until aftermarket manuals proliferated the market.
    • I think Ferrari has mislead owners and enthusiasts about how special some editions are, like the Pista. They may be amazing cars, but I don't think their supply and aging will allow much upward movement.
    • vintage Ferraris will eventually reach market dynamics like the pre-war cars. the core of buyers for these cars are aging and event dynamics to enjoy these cars may not be getting better.
     
  13. Bullfighter

    Bullfighter Two Time F1 World Champ
    Lifetime Rossa Owner

    Jan 26, 2005
    22,565
    Indian Wells, California
    Full Name:
    Jon
    IMHO, the post-2000 cars are likely to be sandwiched between serious classics like that 1958 TR, 365 GTB/4, 288 GTO, etc,, and the hyper performance cars of the next decade. As an obvious example, do you think the F1 gearbox in the 599 GTB/GTO is going to be as desirable or maintainable in 10 years as the three pedal manual in the 288 GTO? I doubt it. I would draw a line after the F50 in terms of long term collectibles.

    If you insist on newer stuff, your best chance is a limited run model, as others have posted, and go with two-seaters.

    No crystal ball here. I wouldn’t make a car a central investment.


    Sent from my iPhone using FerrariChat
     
    488Julius, nicolaprince and Shmichael like this.
  14. FerrfanFL

    FerrfanFL Formula 3
    Rossa Subscribed

    Feb 8, 2021
    2,212
    Florida
    Full Name:
    Ara
    360 GATED cars with clean car fax. IMO the 430's have rocketed in price already, but the 360's haven't gotten to their peak yet. If you can pick up a nice, clean gated 360 for between 110 - 150K you won't lose money in the future IMO. These numbers I bet will go up 20-30% over the next 5 years or so.
     
    CW5150, nicolaprince and Shmichael like this.
  15. Shmichael

    Shmichael Karting

    Sep 23, 2022
    53
    Orange CT
    Full Name:
    Sean-Michael
    This is a great point -- thank you!
     
  16. Nospinzone

    Nospinzone F1 Veteran

    Jul 1, 2013
    7,717
    Weston, MA
    Full Name:
    Paul
    You didn't define "recent", but I would take that to mean within the last 10 years. In that case the only cars I could see that would have any chance of appreciation in just 5 years would maybe be the SF90 and any of the SP models. Within those models, options and colors would have a neglible impact on value, as beggars can't be choosers.

    If you are looking for an investment for the next 5 years, buy the S&P index and fougeddaboudit.
     
    nicolaprince and Shmichael like this.
  17. vrsurgeon

    vrsurgeon F1 World Champ
    Silver Subscribed

    Dec 13, 2009
    16,403
    Charleston, SC
    Full Name:
    Curt
    It’s been said on here that you make money when you buy. Not when you sell. I bought my factory gated car with sport seats for a song in 2010 when the world was ending. I could sell it for nearly double today.

    As far as cars built in the last 5 years appreciating in the next 5… no. I don’t think so with the exception of the special series cars. Too many made under conditions of cheap money. Unless there is massive inflation to drive up prices, compare to inflation I don’t see any investments.
     
  18. docf

    docf Formula 3

    Sep 14, 2008
    1,404
    Florida
    Full Name:
    Gary
    Guess what ,the 246 Dino, the one they called the the Fiat/ Ferrari, you know the one they made too many of, it will never be a collector. It's not about only numbers.
     
    nicolaprince and Shmichael like this.
  19. rob lay

    rob lay Administrator
    Staff Member Admin Miami 2018 Owner Social Subscribed

    Dec 1, 2000
    63,040
    Southlake, TX
    Full Name:
    Rob Lay
    umm, they made less than 4k Dinos TOTAL. Ferrari would never show you, but I would love to see a list of total productions per model. Also keep in mind there are more models concurrently than when the Dinos came out.
     
  20. mcw

    mcw Formula Junior
    Owner Rossa Subscribed

    Aug 10, 2008
    382
    My experience and observation is that maintenance, insurance, and depreciation/appreciation, and taking inflation into account nearly always have most of the street cars in money pits averaged over time with short exceptional periods. The return on investment for me is smiles per mile. I got into F-cars and Astons starting in 1980. And I drive my cars each at least a few thousand miles per year.
     
    488Julius, Demigod555, 066/8 and 6 others like this.
  21. ForeverNA

    ForeverNA Formula 3
    Rossa Subscribed

    Dec 14, 2014
    2,448
    Such sage wisdom. It should be printed on a sign on our garage door.
     
  22. Texas Forever

    Texas Forever Eight Time F1 World Champ
    Rossa Subscribed

    Apr 28, 2003
    84,553
    Texas!
    Ferraris are not investments, they are cars.

    If you need to lie to your SO, go for it, but don't lie to yourself.
     
    488Julius, Doug., 020147 and 5 others like this.
  23. Bullfighter

    Bullfighter Two Time F1 World Champ
    Lifetime Rossa Owner

    Jan 26, 2005
    22,565
    Indian Wells, California
    Full Name:
    Jon
    This is why the regular production classic European exotics are likely a better store of value than the late models. There were only 6k of the “common” 328 GTS made over four years which is low compared to the 360 and its successors. The 246 is similarly scarce enough. Ferrari now pumps out 10,000+ cars annually.

    Investment? Probably not, but huge enjoyment, and life is a one-way trip. I would rather pay for Ferrari service than, say, the depreciation on a new Maserati, Aston or Jaguar.



    Sent from my iPhone using FerrariChat
     
    nicolaprince and Shmichael like this.
  24. Shark01

    Shark01 F1 Veteran

    Jun 25, 2005
    6,275
    Exception, not the rule….and exceptions are impossible to predict. Hence rarity plays a huge role in valuations
     
    Shmichael likes this.
  25. Shark01

    Shark01 F1 Veteran

    Jun 25, 2005
    6,275
    Depends, owners of blue chip collectibles will have a laugh at your expense. Like it or not, collectible cars are now an asset class.
     

Share This Page