Index of Ferrari
Along with the Blue Chip Index, Hagerty’s Ferrari Index suffered a larger slide this past period than any of Hagerty’s seven primary indices. That leaves this segment 10 percent below where it was five years ago. Not a single component car recorded an increase, while over half of them lost value.
One of the index’s most expensive cars – the 1958 250 GT California Spyder LWB – was the biggest drop at 29 percent. Other declines, both within and outside this index, were much more modest, but the 250 GT SWB still shed 7 percent (or $600,000). Not all Ferraris are sliding, as later and less expensive models like the 360 coupe, 348 ts, 550 Maranello, 456 GT and Mondial all recorded an increase.
At the marque level, Ferrari carries the most prestige in this hobby, so while the Ferrari market faces headwinds, the name recognition, low production numbers, good looks, and rewarding driving experience mean these cars will always be highly desirable. For shrewd enthusiasts who plan to keep their cars for a while, buying opportunities may present themselves.
- Andrew Newton, May 2020
The Hagerty Price Guide Index of Ferraris is a stock market style index that averages the values of 13 of the most sought after street Ferraris of the 1950s-70s. The list below shows the cars that make up the index, while the graph to the left shows this index’s average value over the years. Values are for #2 condition, or “excellent” cars.