Ferrari says 90% of its automobiles constructed are nonetheless on the street at the moment

In case you do not just like the look of the most recent Ferrari F80 hypercar or the Purosangue SUV, get used to it. Chances are high they will be sticking round for a very long time.

“Greater than 90% of the whole Ferrari manufacturing—past 300,000 automobiles—continues to be on the street,” Andrea Scioletti, head of Ferrari pre-owned, stated in an interview with Australia’s Drive throughout a media occasion for the automaker’s Ferrari Authorised licensed pre-owned program at its headquarters in Maranello, Italy.

1972 Ferrari Dino 246 GTS as soon as owned by Cher – Photograph credit score: Carry a Trailer

Given lengthy wait lists for brand spanking new automobiles, used automobiles are sometimes a brand new buyer’s entry level to the Ferrari model, Scioletti famous. This additionally helps create extra demand for used Ferraris, which means extra of them are value saving—and preserving for the lengthy haul.

Ferrari itself facilitates this with packages like Ferrari Authorised. Whereas many manufacturers—together with extra mainstream ones—provide licensed pre-owned packages during which used automobiles are inspected and backed by a re-upped guarantee, Ferrari Authorised includes mechanical and aesthetic reconditioning as effectively. It is obtainable on automobiles as much as 16 years previous or with as much as 74,565 miles.

Ferrari and Pirelli creating new tires for traditional supercars

As Drive notes, different packages cowl older automobiles. The Ferrari Premium upkeep program is accessible for automobiles 10-20 years previous, whereas Ferrari Classiche certifies traditional fashions. Ferrari has even commissioned new tires for a few of its traditional supercars, and outdoors the manufacturing facility a devoted military of collectors and restorers work to maintain classic Ferraris on the street.

This infrastructure would not have developed if there weren’t a marketplace for older Ferraris. Whereas not each one is a bona fide traditional, the Prancing Horse badge adorns a few of the most precious collector automobiles on the earth. Even the crumpled shell of a 1954 Ferrari 500 Mondial Spider Collection I offered for $1.8 million at public sale final yr.