Index of Ferrari
After some shakiness in 2019 and much of 2020, Hagerty’s Ferrari Index steadied in September of last year. Steady is still the word going into 2021, with the index posting no significant change (a less than 1 percent increase) this past period, but that still means it currently sits about where it was in 2014. The index’s cheapest car, the 1972 Dino 246 GTS, was the only to one to record any movement whatsoever, notching a 3 percent (or $10,000) bump to a #2 value of $330,000.
As has been the case for the past several updates, there was more activity in the Ferrari market outside the index, particularly with more modern cars. Testarossas reversed their three-year slump late last year and kept the momentum going into 2021, growing more than any other Ferrari over the past four months. F355 Berlinettas and 456 GT/456M GTs posted significant growth as well, but not every modern Ferrari is a sure thing as 348 GTSs and 575Ms both dropped in value.
Ferrari carries great prestige in this hobby and represents the top of the market more than any other single marque. This means that in the long term these cars will always remain highly collectible. In the short term, meanwhile, they’re driving straight and true.
-Andrew Newton, January 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.