Ferrari 348
As the final V8 developed under Enzo Ferrari, the 348 pairs its raw driving feel with iconic Testarossa-style looks. It's now considered a respected entry point into classic, mid-engine Ferrari ownership.
Find one with Spotter →Ferrari 348 sold for a median of $89,149 over the last 12 months, based on 46 auction sales; the middle 50% sold between $75,972 and $106,730. 52 currently for sale.
Ferrari 348 Submodels
The Ferrari 348, built from 1989 to 1995, was the final V8 model developed under Enzo Ferrari's direct supervision. It succeeded the beloved 328 and brought a new design language with its Testarossa-style side strakes and a longitudinally mounted 3.4-liter V8 producing 300 horsepower. The lineup included the 348 tb coupe, ts targa, and later, a Spider, all offering a raw, analog driving experience.
For years, the 348 was an overlooked model, but it's now a respected entry into classic, mid-engined Ferrari ownership. Collectors value its direct driving feel and iconic gated manual shifter, an experience that's disappearing from modern cars. The market has responded, with average sale prices climbing to around $78,000 as enthusiasts seek value compared to the more expensive F355 and 328 models.
Buying Tips
- Verify when the last major engine-out service was performed; the timing belts require replacement every 3-5 years.
- Check for a flashing "slow down" light on the dash, which often indicates failing catalytic converter ECUs, a common and costly issue.
- Early models (pre-1992) had challenging handling at the limit; see if the factory-recommended suspension geometry updates have been performed.
- Inspect interior plastics for the common "sticky button" issue, where the soft-touch coating degrades and becomes tacky over time.
- Always get a pre-purchase inspection from a Ferrari specialist to identify potential issues with the chassis, electrical system, and drivetrain.
Prices range from as low as $1,120 for non-running examples to a high of $660,000 for highly desirable or race-prepared models.
585 Ferrari 348 vehicles have been tracked across auctions and listings on Hypercars, with 52 currently live.
Data sourced from Bring a Trailer, Cars & Bids, eBay Motors, PCarMarket, and Collecting Cars. Updated daily.
Frequently Asked Questions
How much does a Ferrari 348 cost?
Over the last 12 months, Ferrari 348 sold for a median of $89,149 across 46 auction sales tracked on Hypercars; the middle 50% sold between $75,972 and $106,730. There are 52 currently for sale.
How many Ferrari 348 listings are for sale right now?
There are 52 Ferrari 348 listings currently live across auctions, dealers, and marketplaces tracked by Hypercars.