Dear all, it's a few years now that I am following the EU ASKING prices for some used cars I am interested in: Porsche 993/996 convertibles, BMW Z3M Roadster, Ferrari 458 Spider (which I have), and Ferrari 430 16M. I am putting all data in the attached graph, where each dot represents the average of the 5 lowest asking prices on the EU web market (mobile website): it may be an arguable choice, as it incorporates the highest mileage and worse specced cars (i.e. least desirable), but it is a consistent method at least. I am just checking that the 5 samples taken represent "real", LHD, accident-free cars. Let me point out that the apparent latest rise in the Z3M prices is due to the fact that I am now excluding import cars (very depreciated in EU) and automatic transmissions; also I am now excluding auto's for the Porsche's, as I would personally not be interested in these cars. I am not making any comment, but let me say it's hard to see any change in the 458 asking prices between pre- and post- pandemic, at least when Spider's and EU market are considered.
The 458 is probably one of the best V8's produced by Maranello - both aesthetically and in engineering. The only other Ferrari of past (my generation) was the F355 that made such a leap from its predecessors as the Italia did when it was launched in 2009. In my opinion, the 458 design still looks fresh today, with a soundtrack to match. The 458 derivative's 488/F8 (barring Pista) are not as beautiful, have pretty much the same interiors, not much of a soundtrack and are far more expensive for just a bit more speed. If you've got a 458 Italia/Spyder - hang on to it! They will hold their values better than anything else you're going to buy from Ferrari for a while.
I drove an F8 today, it’s way more attractive than my 458, both outside and in. Not sure I want to own it though.
Agreed, though to me, the 360 was more of a departure from the past than the 355. Sent from my iPad using FerrariChat
I tried to buy a Pista. I won’t put the reason for fall out on here, you can DM me. I’ll wait a year for F8 but not sure I want to. There’s something special about 458. Biggest upgrade for to F8 for me is how good looking it is outside/interior quality.
My 458 was a great car for my 3 years of ownership, but my newly acquired 488 feels superior in my opinion. Familiar enough but improved. Exhaust note is different, but it is not really a concern to me for all of the other plusses.
Steady to slightly up on 458 prices over the summer. Perhaps less room to negotiate if there are people waiting in line to buy. If we end up with a W economic recovery this trend could reverse it's self.
High though the production numbers may be for a car of this ilk, it still took me over a year to locate mine (Had to be a late Berlinetta, Forged Wheels, Lift, Full electric seats with heat, JBL, camera/sensors) so I had a lot of time to analyze the market. When I finally found my car at Ferrari Long Island, they had about 15 458s. In the last year, they cannot get them, and when they do come in, they seem to disappear, often with none or just a few in inventory. This seems to be the case at many of the bigger dealerships. As many have mentioned, I do think the lore behind the car is well merited, but it remains to be seen if that can sustain pricing on what was still higher production numbers. That said, if production numbers were everything it would be tough to explain why 430 Manual prices seem to have resettled as 458s at worst have been flat over the last year +. Anecdotally it seems like the really prime Italia example are selling at an increasing velocity. I don't know how long that will sustain, but I do think the Italia represents the high mark of ICE cars before major fundamental changes shift the landscape. In the era of electrification, I'm conjecture a 458 (rather than a 488/F8) is where a future collector/enthusiast would look for the purest expression of what made a Ferrari the "ultimate" of this era. Speaking personally, the values have left me in a bit of predicament. I originally intended to buy a higher milage car so that I could drive it sans guilt and enjoy the car as much as possible. Naturally, the one I found was a super spec, 2.5K miles (last year) 1 owner and so on. I have more than doubled the milage, and I find myself stuck between thinking I should just drive it and enjoy it vs wondering if I should take advantage of the market as it is and get something else super depreciated (like a 570S). Or to say screw it and start putting serious milage and a super prime example of a car that seems to be appreciating. Markets are fickle as hell and I have my own soapbox rant about what lies ahead. I do think we're in a bubble--not just Ferraris, all cars--but I still believe the 458 will experience less pricing volatility in general than anything else from the time period/class save maybe for a 991.2 GT3 Manual which seem to have bottomed out or near as make no difference.
i also have a 458 and 991.2 GT3 manual. Both are regular production classics. Very special and you can drive them. Only add other cars to these highly emotional cars- as they will be regrettable sales. IMO.
The 458 Spider is amazing. Incredible looks, performance, and sound. But when you want to turn the emotion meter up to 11....drive a 16M!
Have no idea why but wholesale values are up for the last several months on a lot of cars and not just a 458 thing. Sent from my iPhone using FerrariChat
I think exotic car dealer sales technique 101 involve 2 things. One is to make the car seem like it's inaccessible and then suddenly it becomes available. This then makes the potential buyer want it more than ever. And two, softly buy the desirable cars. That is, don't let the unsuspecting customer think they have something special so they're more likely to give up to the dealership where they of course will glean large profits. With the 458 the former technique is usually not necessary for as soon as they get a desirable one (right spec, color etc) it's pretty much spoken for right away. The latter technique however is universally true. I speak from experience as I've fallen for both techniques. It takes some time and maturity to learn the process
It's funny I hear this reasoning all the time... people will happily pay double for a 458 compared to a F355 just to save $5-10k on possibly having to do headers or an engine-out. Just the sales tax (in CA) of the 458 will keep an F355 serviced for the next decade or two.
If you want a contemporary Ferrari that will potentially hold value pick up a 812SF. Production has ceased on this car (see thread on the V12 section). Total deliveries to the US were ~1,000. This will be the last NA V12 coupe produced (sans the VS versions). Even though a limited number were produced it still may take 8 to 10 years to see a positive turn, if at all.
I just came home last night with a spirited drive down to Malibu through the canyons. I just test drove the taycan turbo s and almost broke my neck with it's torque, and a week prior a F8 spider and in between a 718 spyder, which is a topless GT4. No thank you very much, car is not for sale. Everywhere I go, I am asked to trade in the car, even at porsche dealer. For those who have kept the 458 long enough, I bet you will regret when trading it in for F8.
If you hear it all the time, there must be truth in what they say. In this case if you pay double the price, you get double the car. Not to diss a 355 in any way.
If you are referring to 812SF purchased new I would agree with you. Since production has ended you can only buy used and due to the GTS you can pick one up for a great price. From that point forward you will take less of a hit vs those that purchased new I totally agree resale is a poor reason to purchase a car but that was rationale in the OP post per the 458, so I threw out a used 812 as an alternative.