The Ferrari 328 was born as an offshoot of the Ferrari 308, which made its debut a decade earlier at a show in Paris. The 328 came a decade later as a disguised way of boosting the 308's performance. The 328 had a two-seat, coupe body with softer angles than the 308 did, and that boosted its popularity.

It can be found today for a wide price range based on condition, though private sellers are not required to adhere to this recommended range. The initial production run was from 1985 to 1989, with 1,089 total models manufactured. Afterward, the Ferrari 348 inevitably succeeded the 328.

Read on to find out more about the current prices of a 1989 Ferrari 328.

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Pricing Scale

Bright red 1989 Ferrari 328
via Wikipedia

There's a whole range of prices based on what condition the Ferrari is in. The prices also change over time in various three- to five-year intervals. For 2021, a Ferrari 328 would cost approximately $91,000 in perfect condition. This type of condition is called “concours,” noted by its immaculate cleanliness with flawless painted and chrome surfaces that act as mirrors. All of its materials are the ones succeeding in their intended purpose and they fit superbly.

The next condition below that is “excellent,” where a Ferrari 328 would cost $67,000. Below that comes “good” condition, where the price drops to $48,000. Finally, for “fair” condition, the price drops again to $34,000. Of course, private sellers are not bound to these guidelines, and can therefore charge whatever they wish. For example, one seller in Los Angeles is asking $129,950 for a Ferrari 328 with 24,392 miles, while another seller in Tampa is asking $107,985 for a Ferrari 328 with 35,217 miles. Of note is that the original MSRP for this vehicle when it was first released was $71,900.

Reliable And Functional

Black 1989 Ferrari 328 in front of garage
via JM Legend Auto Group

The Ferrari 328 was known for being the most reliable and functional car available back when it was released. When the Ferrari 328 made its debut a decade after its predecessor, the 308, it was merely a thinly-veiled disguise for an updated 308.

However, its softer angles, two-seat coupe body, distinctive side ducts, and covered headlights (some of which were features transitioned from the 308) helped make the 328 distinctly popular. The Ferrari 328 also had a turbocharged 3.2-liter V8 engine that could put out 270 horsepower, with a top speed of roughly 163 MPH.

This mid-engine model took mechanical cues from the 308, but the body style and engine received minor modifications that proved to be incredibly beneficial. Enthusiasts and collectors still note how the 328 was one of the most, if not THE most, reliable and functional Ferraris ever constructed. One reason for this perpetual belief is that the 328 did not need to have the engine lowered from the rest of the vehicle's chassis in order to perform routine or reparable maintenance.

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Pricing Through The Ages

Dark red 1989 Ferrari 328
via Classic Driver

From its release in 1989 until modern-day 2021, the pricing guide has fluctuated for the Ferrari 328.

The theory of trickle-down economics states that the financial benefits that a major company receives will percolate down to benefit smaller companies and ultimately private individuals, and Ferrari has proven that their cars are a prime example of this theory in action. For example, record-setting multi-million-dollar prices of Ferraris pass on from dealer to buyer to the second buyer. The more accessible the model, like the Ferrari 328, the more applicable the theory.

Although the starting MSRP was $71,900, as mentioned earlier, the price dropped a year later to $60,000. However, that's in 1986 dollars, so by 2015 dollars, the adjusted MSRP would be $129,000. Prices have been tumultuous over the last decade, most notably for all of 2014, but the value has both increased and stabilized since then.

End Of The Line

Black 1989 Ferrari 328 in front of trees
via Bring A Trailer

The Ferrari 328 was the last of its kind in its evolutionary model line. Something completely different would take its place as its successor the following year.

The 2021 equivalent would be the F1-inspired 458 Italia; however, its lineage still dates back to the 328. This model was the apex of the evolution of 1980s two-seat, V8-powered Ferrari, known for being a convergence and balance of performance, beauty, affordability, and comfort that its predecessors failed to achieve.

This evolutionary line started with the 308 upon its debut in 1975. The 328 still carried the Ferrari name and style, and thanks to several improvements upon the 308's chassis, engine, and interior, the 328 would go on to make a name for itself that still persists to this day.

Sources: classic.com, hagerty.com, dupontregistry.com, hemmings.com,

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