1. Ferrari prices have been falling for the last 1.5 years, but should you avoid Ferraris if you care about values?

2. Price trends in the mid-engine Ferrari market

3. Special versions and their trends

4. Analyzing the data: Should you avoid Ferraris?

5. Conclusion

Ferrari prices have been falling for the last 1.5 years, but should you avoid Ferraris if you care about values?

The situation in the Ferrari market seems worse than ever. Prices have been falling for the last 1.5 years, affecting even segments that previously showed resilience. Essentially, the entire mid-engine segment is in the red. Some might say this is the worst moment to buy a Ferrari, but that isn’t necessarily true. On the contrary, there are reasons to consider investing in one now. Let’s dive into the latest price trends for the mid-engine market and compare them to the broader market.

Price trends in the mid-engine Ferrari market

Ferrari F8:

• Spiders: Down by 9.5% or $50,000 compared to last year.
• Coupes: Down by 7.9% or $33,000 compared to last year.
• Prices increased until early 2022 but have been declining since.

Ferrari 488:

• Coupes: Lost 8.7% or $22,100 compared to last year.
• Convertibles: Lost 8.2% or $24,600 compared to last year.
• Prices surged during the pandemic, topped mid-2022, and have been declining since.

Ferrari SF90:

• Year-over-year decrease: 16.6% or $129,000.
• The depreciation rate has slowed slightly since summer 2023.

Ferrari 458:

• Coupes: Down by 5.4% or $11,300 compared to last year.
• Spiders: Down by 3.9% or $10,000 compared to last year.
• Especially low mileage spiders (less than 14,000 miles) performed well.

Ferrari F430 (Automatic):

• Values remained stable for a long time but dipped in the last three months, down by 3.5% or $5,000 compared to last year.

Ferrari 360 (Automatic):

• Similar pattern to the F430, with a recent dip due to an increase in high mileage cars. Adjusting for this, prices are down by 4.1% or $4,300.

Ferrari F355 Spider (Automatic):

• Prices have fluctuated between $100,000 and $125,000, with a 0.8% decrease compared to last year. However, the market shows a lot of price uncertainty.

Special versions and their trends

Ferrari F430 Coupe: Prices have been stable since 2022 with only a 0.7% increase over the last year.

Ferrari 458 Speciale Coupe: Prices surged during the pandemic and have since stabilized, dropping by approximately 4.5% compared to last year.

Ferrari 488 Pista:

• Coupes: Relatively stable, with a 1.5% or $8,000 decrease.
• Spiders: Down by approximately 6%.

Analyzing the data: Should you avoid Ferraris?

Despite the falling prices, there are several reasons why this might not be the worst time to buy a Ferrari if you care about values:

Market Stability:

• The price decreases are stable and predictable, with no signs of accelerating declines. Most mid-engine Ferraris lost less value than the market average.

Relative Price Levels:

• Adjusted for inflation, the real price levels are closer to pre-pandemic values. For example, the 488’s real prices are more than $20,000 below July 2020 levels. This indicates that the market isn’t as inflated as it used to be.

Optimistic Inventory Development:

• The share of unsold cars has decreased significantly in the last three months, suggesting a potential support for prices in the near future. While not conclusive, it indicates that prices might not fall faster moving forward.

Conclusion

Prices for most mid-engine Ferraris have been falling for about 1.5 years and continued to do so in the last three months. However, older models like the 360 and F430 have also started to show signs of weakness.

Should you avoid these cars if you care about values? The data suggests that the Ferrari market is performing relatively well compared to other markets. Price decreases are stable, and most mid-engine Ferraris are depreciating at a slower rate than the market average. Additionally, inflation-adjusted prices show that the market isn’t as overinflated as it once was, and recent inventory developments offer a hint of optimism.

In conclusion, while prices are falling, the Ferrari market is not crashing. The decision to buy should be based on a combination of factors including personal preference, financial situation, and long-term value considerations.

Inspired by the analysis of our friend @fourwheeltrader. Make sure you check his other videos https://www.youtube.com/@fourwheeltrader/featured.

Photos sources: hdqwalls.com, hdcarwallpapers.com, CarBuzz