allroad
New member
We've all witnessed the explosion in 911 prices from the 70's to the mid 90's, amongst many others including the BMW E30 M3. Now here comes the Ferrari 308...
There is a good article on Bloomberg
http://www.bloomberg.com/news/artic...rrraris-are-red-hot-on-the-classic-car-market
In retrospect, would have been best to buy these cars (and 911's) then invest in the stock market. The ROIs have been fantastic...
Today the current average value across the 308 range is $71,000, up 190 percent since 2011, according to Hagerty data. For the rare fiberglass 308s made in 1976, the increase is more than 200 percent. And earlier this year, a 1976 Ferrari 308 GTB Vetroresina set a world record for its type when it took $357,500 at a Gooding & Co. auction in Scottsdale, Ariz.
There is a good article on Bloomberg
http://www.bloomberg.com/news/artic...rrraris-are-red-hot-on-the-classic-car-market
If you are in the market to buy one, expect to pay anywhere from $50,000 to $300,000, depending on what you value in your car. The value is expected to level out and stabilize over the next few years. For instance, is the one you’re considering in perfect, original-condition form? Do you want one you’ll have to restore? Do you want one already restored? Those things determine how much you’ll have to pay.
Versions with rebuilt engines, for instance, routinely cost more than six figures: The current average sale price for all 308s at North American auctions is $110,000, according to Hagerty. (That is an increase of 58 percent over the past 12 months). For the biggest bargain, look closely at the two-valve injected versions made from 1980 to 1982. They have only 205 horsepower but are reliable drivers and more affordable than the others.
If you want to maximize the return on your investment, start looking toward versions from the early years. During the 308 production run, Ferrari introduced several variants: a 308 GTS Targa in 1977, plus GTBi and GTSi variants with improved fuel-injection from 1980 to 1982. (Fiberglass bodies had converted over to steel bodies by 1977; only 712 of those super-light ones made it through production.) By 1983 it was making the 308 GTBs and 308 GTS Quattrovalvole with even more engine refinement and power.
In retrospect, would have been best to buy these cars (and 911's) then invest in the stock market. The ROIs have been fantastic...