Ferrari 348

The Ferrari 348 is trading around £52,000 in the UK market, with a modest 2.5% gain over the past twelve months signalling steady but unspectacious momentum. The sample of three sales in that period is small, though our total tracked dataset across all time spans nine transactions, suggesting limited market depth for this model.

The 348 occupies the stable modern classic tier, a classification that reflects its role as a functional collector car rather than an appreciating asset. Production exceeded 8,800 units, which naturally constrains collectibility relative to scarcer Ferraris; the model carries a score of 6 out of 10 on our collectibility scale and sits in the low desirability bracket.

Transaction data shows the typical 348 arriving at auction or private sale with an average mileage of just over 10,500 miles—exceptionally low for a car of this age, indicating most examples remain garage-kept rather than driven. This preservation norm supports its appeal as a low-intensity ownership proposition.

Liquidity conditions are thin, with no active listings currently tracked and infrequent completed sales. This thinness does not signal weakness so much as a market where both buyers and sellers operate opportunistically rather than in continuous supply.

The three-year and five-year base case projections both hold at £52,000 with zero percent growth, reflecting the expectation of price stability rather than meaningful appreciation. The market has absorbed the 348 as a known entity: desirable enough to maintain a steady collector base, but too numerous and non-exclusive to drive significant capital gains.