Late model Ferrari price indices / indexes | FerrariChat
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Late model Ferrari price indices / indexes

Discussion in 'Ferrari Discussion (not model specific)' started by GlennMercer, Dec 16, 2015.

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  1. GlennMercer

    GlennMercer Rookie

    Dec 16, 2015
    1
    Ohio
    #1 GlennMercer, Dec 16, 2015
    Hello all and my apologies if this has been asked many times before: a quick search didn't turn anything up, but we all know how searches are sensitive to exact terms chosen.

    Here's the question: does anyone know of a good reliable data source for late-model Ferrari depreciation curves? What I am trying to do is establish (with some statistical significance) the relative rates of depreciation over time for various models (I am NOT looking to price out any specific model). My ideal source would let me put in (e.g.) 2014 458 and then see average new transaction price back in late 2013, then average used prices over time since.

    One thing I am trying to examine with this is an answer to the old adage "The V12s depreciate faster than the V8s." I keep hearing this, but I've seen no reliable test of it: various owners will report what they saw/paid for individual models at specific times, but I can't figure out how to mash together a bunch of anecdotes and get anything useful. Places like Haggerty do these index things, but they are focusing on older high-ticket (e.g. >$1 mm) auction cars... places like KBB have some prices but not enough entries to be statistically reliable... places like eBay have lots of cars on offer but no connection between used transaction price and original new.

    I just subscribed to the Ferrari Market Letter, maybe they can help.

    Any ideas?

    Thanks!

    GM (the person not the company!)
     
  2. energy88

    energy88 Three Time F1 World Champ
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    Jan 21, 2012
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    West of Fredericksburg, VA
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    John
    #2 energy88, Dec 17, 2015
    You might try telephoning NADA and asking if any editions of their monthly Used Car Guides cover Ferrari. From what I have seen, the basic orange guides cover American Cars and Trucks and the more common Import cars, but not exotics. But this raises the question of how exotic car dealers appraised trade-ins of other exotics before the advent of the internet. If there is an edition available covering Ferraris, you may be able to get back issues from NADA, eBay, or car dealers.

    FML is probably your best bet. However, the data available on their web site might not go back far enough for your needs, depending which cars you are analyzing. They will, for a fee, provide the older data if you are going in that deep.

    Hagerty covers a more limited data timeframe from the mid-2000s to date. However, they do not cover newer cars. For your exercise, you will probably want to consider #2 and #3 cars, which would reflect actual usage and some depreciation. Aside from auctions, Hagerty also uses data valuations from their customers to produce an assessment of car value that you see published.

    There is also a web site (Collector Car Price Tracker) that covers actual eBay sales and seems to go back 10-15 years.

    Hope this helps.
     

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