Index of Ferrari
After taking a bit of a hit during 2019-20, the Ferrari market steadied late last year. That theme has continued into the first half of 2021. While Hagerty’s Ferrari Index was the only index to drop over the past four months, it was only a 1 percent slip, mostly down to a major decline for the 410 Superamerica. Otherwise, nine of the index’s 13 component cars recorded no change and three of them gained value. The 275 GTB/4 increased 5 percent and the index’s cheapest car, the Dino 246 GTS, notched a 6 percent gain.
Things were also quiet among classic Ferraris outside of this index, and the biggest movement in either direction was for more modern cars. There were significant gains for early model year F430s, open 348s, and 599 GTOs. The 456 also continued its steady climb. All versions of this long underappreciated ‘90s gran turismo were up 13 percent. Meanwhile, base model 360 coupes dipped 7 percent, and even though the manual-only 550 Maranello inched up 2 percent, the 575M that succeeded it dropped by 4-5 percent.
Ferrari represents the upper echelons of the classic car market more than any other single brand. With so much buying activity focused further down the price spectrum it makes sense for the prancing horses to be a bit quieter, but the Ferrari name carries a lot of prestige in this hobby and in the long term these cars will always be highly collectible.
- Andrew Newton, May 2021
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.