Low Retail = $50,200; Average Retail = $85,300; High Retail = $111,500; Original MSRP = $44,912
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Specs for the Ferrari 308 GTB/GTS
In 1975, the GTB, the first 308, was released. It weighs 2,403 pounds and had the first carbureted version of the F106 AB 2.9 liter V8. Even the original 308 was a very good car, especially for its time. Although it isn’t very fast by today’s standards, it makes up for this by giving its driver nostalgic flair and just as much pleasure as it did in its original day. The 1977-released GTS ups the enjoyment element thanks to its Targa top, which gives the driver an amazing open-air experience without much hassle.
Since the fiberglass-bodied GTBs were only produced for two years, they are highly sought-after collector cars. A fiberglass GTB, like this one, would cost its buyer roughly $200,000 if it had perfect maintenance and low miles. Contrarily, steel-bodied GTBs and GTSs are a reasonably inexpensive way to begin or grow a vintage Ferrari collection, with 308 GTB prices and 308 GTS prices like this one ranging between $50,000 and $100,000. Since they were the initial models of this 308, the original GTB and GTS were only made until 1980, when they were replaced by the GTBi and GTSi.
The market for collectible cars was destroyed by the 1980s Ferrari boom. What can we learn from it today?
In many ways, the 1980s Ferrari Bubble was the beginning of the contemporary collector vehicle market. It almost killed it as well. Within less than ten years, the extraordinary rise and subsequent crash in Ferrari values made a number of people millionaires while simultaneously driving many others to ruin.
Dealers, enthusiasts, industry insiders, and other people who rode the wave and witnessed its crash were among the people we invited automotive historian Ken Grossto to interview. Why was it fed? What caused everything to end? Should we have been wiser back then? Are we really better off now?
I had never considered acquiring a Ferrari in the past. Simply put, they were too pricey. But in 1980, a man arrived in a Ferrari 250 GT Lusso when I was at a Morgan Club event. The four exhaust pipes on the sleek, seductive crimson berlinetta were throatily purring as it idled provocatively. I was stunned. I sold my Morgan, Ford Woody, and four motorcycles right away and started hunting for a Ferrari. After driving a few V-12 cars from the 1960s, I came to the conclusion that the Lusso wasn’t quick enough.
I could not, however, afford one. I had to take out a second mortgage on my home and make the devil’s deal of purchasing a lynx coat for my then-wife. Marc Tauber, a Ferrari broker, sold me the GTB. I questioned him, “Is there anything that could make the worth of this car go down? Its price was about a quarter of the value of my house.”
For eight years, I kept the GTB and drove it to the absolute limit. The automobile was the best I had ever driven. 1989 saw the forced sale of it due to a divorce, and I was given a check for 20 times what I had spent.
I wasn’t really foresighted. In the late 1980s, the Ferrari market operated in this manner.
When vintage automobiles turned become “assets,” things that people appreciated because they were valuable, for better or worse, it was during the amazing rise in Ferrari values. The ensuing crash destroyed many buyers and sellers and put the classic automobile market on hold for several years. Most of all, it was an exhilarating ride—a crimson swath through time that those of us who experienced it will never forget and those who did not find it hard to believe.
Let’s take a look back at the bubble for the benefit of both parties and perhaps even the future generation of investors who believe they have discovered a “can’t miss” asset.
In 1980, how much did a Ferrari cost? — Amortips
- In 1980, how much did a Ferrari cost? The pricing range for the Ferrari 308 1980 is $52,200 for the Coupe 308 GTB in its base trim to $77,000 for the Coupe 308 GTS in its top trim. Leaded gasoline is an option for the Ferrari 308 1980. Couple.Ferrari 308 ModelsSPECSPRICEGTS2.9LLeaded gasoline 5 speed manual$60,90
- The majority of 1980 to 1982 GTBi and GTSi cars, as well as some QVs, have metric wheels, which restrict your tire options to the pricey and out-of-date Michelin TRX. Today many owners elect to purchase a set of the 16-inch wheels that came on the later QV cars in order to expand their tire options as well as improve cornering.
- For those who love cars, Hagerty
- There are new and used 1980 Ferrari 308 Classics for sale nearby on Classics on Autotrader. See costs, pictures, and nearby dealers.
- Ferrari 488 GTB from 2017. 10,241 miles / $289,999. examining the Carfax history. $31,550 below. This car costs roughly $31,600 less than the typical Florida pricing for a 2017 Ferrari 488.
- Due to its subpar power-to-weight ratio (for a Ferrari) and complicated, unreliable electronics, the original 1980 Pininfarina-designed Mondial 8 is included in lists of the world’s worst vehicles. The best time for 0-60 mph in US road tests was 8.2 seconds, with some barely beating 10 seconds. The European-spec vehicles had a bit more life.
It’s difficult to conceive how much the car may be valued today given that it was only manufactured in 1958. Learn how much a Ferrari will sell for at auction and the most recent information on new car sales in the UK and the US. 1. This 1985 Ferrari 308 GTS is a stunning and highly rare Ferrari 458 with a $100,000 price tag. The car is in fantastic shape and is red with a black leather interior. $119,950. Showcase of the dealer. CC-1548889. Ferrari 308 from 1977 AMAZING CHANCE RIGHT HERE! A vintage Ferrari 308 model (GTS, GB, GTM, or GT4) will cost you at least $50,000. VERY HARD TO FIND 1977 Ferrari 308GTB Berlinetta Coupe with 39,020 ACTU $99,995. You may need to spend at least $100,000 if you want to purchase a Ferrari 308 in pristine condition. But given its illustrious history and widespread appeal, we believe it is well worth the cash. How much is a 1988 Ferrari worth? **Figure based on a stock 1988 Ferrari 328 GTS with OH rates and limits of $100/300K liability/UM/UIM priced at $58,000. Actual costs vary depending on the coverage chosen, the state and condition of the car, and other variables. In the 1980s, Tom Sellek starred in the popular TV series Magnum PI. All kids desired a Ferrari because the series’ hero drove one. Of course, the majority of kids had to settle for the matchbox version because they couldn’t afford a Ferrari and surely couldn’t drive one. Now worth more than $1,000 is the red model with a white interior.
What was the price of a Ferrari in 1990?
With each new model it introduces, Ferrari is the only company that can make such an impression in the automobile industry. Such was the case—and possibly the largest stir yet—when the Italian automaker unveiled its unconventional Testarossa as a replacement for the well-liked 512 BBi at the 1984 Paris Motor Show. The name, which translates to “red head,” pays homage to the illustrious sports racing 250 Testa Rossa of the late 1950s. The similarities, however, ended at the name.
The deep horizontal strakes that ran the length of both doors and supplied air to the side-mounted radiators were the most distinguishing characteristics of the restored Pininfarina-styled Testarossa. Such a car had never been seen before, and it divided anyone who saw it.
The Testarossa’s 4.9-liter, 48-valve flat-12 engine, situated in the middle of the vehicle, provided 380 horsepower and 361 ft-lb of torque, enabling it to reach 60 mph in less than five seconds and reach a high speed of just under 180 mph. All of the power was transferred to the rear wheels via a five-speed transmission, and all four wheels had independent suspension with coil springs, hydraulic shocks, and anti-roll bars as well as upper and lower A-arms of different lengths. The mechanical package was complemented by large vented disc brakes.
The Testarossa was an agile, forgiving vehicle even at 3,700 pounds, and the automotive press hailed it for its courteous driving.
Throughout the Testarossa’s seven-year manufacturing, not much changed. Originally solely equipped with a driver-side exterior mirror with two stems that was situated halfway up the A-pillar, it was moved to the A-pillar base and a passenger mirror was added in 1987. Also included that year was a passive restraint system. Only the price structure underwent a significant adjustment, going from roughly $85,000 in 1985 to almost $150,000 by 1990.
At the end of 1991, after more than 7,000 vehicles had been produced, production came to a stop, and the Testarossa was replaced by the 512 TR. The 512TR resembled the Testarossa externally, but had a changed front end treatment and a slightly altered tail, both of which increased aerodynamic effectiveness. Additionally, interior modifications were done to improve the ergonomics of the vehicle. But the most significant adjustments happened in the engine.
The center of gravity was lowered and performance was enhanced by three cm of engine lowering in the vehicle. With an additional 40 horses available, horsepower also increased. The boost increased the peak speed to almost 190 mph and decreased the 0-60 mph time to just under five seconds.
Up until 1994, when the F512M (for Modificata) went into production, the 512TR was in use. The pop-up headlights were replaced with more conventional fixed units installed in the front clip, twin NACA vents were added on the hood to improve internal ventilation, and the Testarossa’s squared taillights were changed to round ones. Otherwise, it was substantially unchanged from its predecessors. The F512M weighs 150 pounds lighter than the Testarossa because of weight-reducing methods. 432 horsepower was added. In 1996, the F512production M’s ceased.
The Testarossa, like the Lamborghini Countach, epitomizes the flash of the 1980s. It rose to prominence as the “co-star” of the television series “Miami Vice,” as well as on the posters that lined the walls of millions of young men. It is still a divisive vehicle that is recognizable from practically any viewpoint.
What was the price of a Ferrari in 1987?
In 1987, the starting price of a Ferrari F40 was $399,150. Here are some further details regarding the pricing of a Ferrari F40: 1987: The Ferrari F40’s initial retail price of $399,150 set records. 1990: Formula One driver Nigel Mansell set a record when he sold his Ferrari F40 for $1.5 million.