Index of Ferrari
Following a 3 percent increase in the third quarter, its largest in years, Hagerty’s Ferrari Index posted no movement with the latest price guide update. This is a trend that has persisted since the collector car market began to bounce back in late 2020, and the index has only posted any measurable movement following major events such as the Amelia Island and Monterey auctions.
As seen with the Blue Chip Index, high-end vehicles like Ferraris have held their ground despite some economic anxiety revolving around the pandemic, inflation, and volatility in other markets. Most Ferrari owners are in no rush to sell their prized cars out of necessity or to buy as a hedge against the fitful stock market. The 365 GTB/4 Daytona Coupe was the only model to post a change at a 3 percent loss, but it still wasn’t enough to move the index’s needle in a meaningful way. Any real change may have to wait until the January auctions or even after Amelia Island before any major change of currents in the Ferrari market begins to show itself. For now, it seems top-shelf segments like Ferraris will remain rock steady.
-Greg Ingold, January 2023
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.