Index of Ferrari
Hagerty’s Ferrari Index was the only primary index to move more than 2 percent in either direction this period, but unfortunately it was in a downward direction. Its 4 percent drop is the biggest hit the Ferrari Index has taken since post-recession 2009, and not a single component car recorded any gains. In fact, most component cars recorded a serious loss, and some of the liquidity appears to have been squeezed out of the high-dollar Ferrari market. There is a lack of headline-making cars and high-dollar Ferraris in general coming up for sale, and the ones that do sell aren’t commanding the same kind of money that we came to expect after several years of ever-growing values.
The 365 GTB/4 Daytona, the company’s first volume production model and a bellwether of the ‘70s Ferrari market, was down 13 percent (or $96,000). The 1972 Dino 246 GTS lost 9 percent (or $30,000), and the 1968 275 GTB/4 lost 8 percent (or $200,000). The only significant Ferrari bright spots outside of the index included the 412i with a surprising 10.4 percent gain and the 400 GT with a 9.5 percent gain, and many later Ferraris recorded no change rather than a drop.
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.