Index of Ferrari
Hagerty’s Ferrari Index experienced its largest ever drop in May 2020, settling to about where it was in 2014. Ferraris have since steadied, with no change this past period. Over half the component cars tracked straight, and there was an even split between gains and losses. The 275 GTB/4 and 250 GT Lusso, which had been sliding since a 2016 peak, reversed course with small increases. The group’s three drops were similarly minor at just 2 percent.
Ferraris are more stable at the marque level than they have been in the recent past as well, although there were bigger changes outside the index. Testarossas reversed a three-year slump with a 13 percent increase, and there were significant gains for 308/328s, 575Ms, and 348s. Meanwhile, 456Ms dropped slightly and the 355, which saw a sharp rise last year, took a step back.
Given the name recognition, racing pedigree, and exclusivity, Ferraris tend to lead the market, so keep an eye on this group. If the past few months of Ferrari activity are any indication, it’s a good sign for market stability even if there aren’t quick returns.
-Andrew Newton, September 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.