If you don’t like the look of the latest Ferrari F80 hypercar or the Purosangue SUV, get used to it. Chances are they’ll be sticking around for a long time.
“More than 90% of the total Ferrari production—beyond 300,000 cars—is still on the road,” Andrea Scioletti, head of Ferrari pre-owned, said in an interview with Australia’s Drive during a media event for the automaker’s Ferrari Approved certified pre-owned program at its headquarters in Maranello, Italy.
1972 Ferrari Dino 246 GTS once owned by Cher – Photo credit: Bring a Trailer
Given long wait lists for new cars, used cars are often a new customer’s entry point to the Ferrari brand, Scioletti noted. This also helps create more demand for used Ferraris, meaning more of them are worth saving—and preserving for the long haul.
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Ferrari itself facilitates this with programs like Ferrari Approved. While many brands—including more mainstream ones—offer certified pre-owned programs in which used cars are inspected and backed by a re-upped warranty, Ferrari Approved involves mechanical and aesthetic reconditioning as well. It’s available on cars up to 16 years old or with up to 74,565 miles.
Ferrari and Pirelli developing new tires for classic supercars
As Drive notes, other programs cover older cars. The Ferrari Premium maintenance program is available for cars 10-20 years old, while Ferrari Classiche certifies classic models. Ferrari has even commissioned new tires for some of its classic supercars, and outside the factory a dedicated army of collectors and restorers work to keep vintage Ferraris on the road.
This infrastructure wouldn’t have developed if there weren’t a market for older Ferraris. While not every one is a bona fide classic, the Prancing Horse badge adorns some of the most valuable collector cars in the world. Even the crumpled shell of a 1954 Ferrari 500 Mondial Spider Series I sold for $1.8 million at auction last year.