Saturday, February 21, 2009

So where will Ferrari values go next?

This is installment number 2 on Ferrari values. Please consider it an uneducated guess by an obviously biased person. Donning my Nostradamus hat, peering into the tea leaves, and consulting a pile of chicken’s bones rewards me with a view of a bleak future, a future which in many ways resembles the present. I think Ferrari values are going to remain pretty constant with prices held at their current low point by owners who are in over their heads and have to sell to a small pool of buyers who can command pretty aggressive deals. I would be willing to bet that prices tick upwards as spring and summer roll around but do not maintain that uptick through the winter of 2010. I think that 360s, 430s 550s and 612s will be the most dramatically affected of the Ferraris, in terms of price. 355s will certainly decrease in price but I doubt they will suffer the % drop of the modern cars or the front engine V12s.

4 comments:

Anonymous said...

Sooooo...... how about an update? Inquiring minds want to know..... although I haven't seen the car on ebay!

David said...

Sorry of the late reply. Nope, not on ebay. If I do sell it I think I will go through the local Ferrari dealer.

David

Anonymous said...

i just bought a bitchin 430, david. makes my f355 feel like a yugo!

gonna be tough to sell the 355 in this economy though.

David said...

Congratulations on the 430. While it sound odd to say I think 430s represent the best value in the motoring world today. Having driven an Yugo it pains me to compare the 355 to one but point taken, the 430 is a far superior car.

I expect it to be difficult to sell but have an idea I am working on.

Cheers.

David